Real Estate Market Report for the Devonshire Subdivision in Olathe, KS – Is it a buyer’s, seller’s or a neutral real estate market?

Real Estate Market Report for the Devonshire Subdivision in Olathe, KS


Is it a buyer’s, seller’s or a neutral real estate market?

Devonshire, Devionshire Subdivision, Devonshire Olathe, Olathe


September 2016 is a Seller’s market in the Devonshire Subdivision*

Home For Sale in September 2016: 2 units.

Down 50% compared to the last month
Up N/A compared to the last year

Home Listed in September 2016: 1 units.

Down 75% compared to the last month
0% compared to the last year

Home Closed in September 2016: 2 units.

Down 71.4% compared to the last month
0% compared to the last year

Home Placed under Contract in September 2016: 1 units.

Down 50% compared to the last month
0% compared to the last year

*Buyer’s market: more than 6 months of inventory based on closed sales
 Seller’s market: less than 3 months of inventory based on closed sales
 Neutral market: 3 – 6 months of inventory based on closed sales


September 2016 Average Sold Price per Square Footage is Appreciating in the Devonshire Subdivision*


Average Sold Price per Square Footage in September 2016:$124 

Up 11.7% compared to the last month
Up 49.4% compared to the last year

*Based on 6 month trend – Appreciating/Depreciating/Neutral


September 2016 Average Days on Market trend Remains Steady in the Devonshire Subdivision*


Average Days on Market in September 2016: 26 

Up 550% compared to the last month
Up 4% compared to the last year

*Based on 6 month trend – Rising/Falling/Remains Steady


September 2016 is a Seller’s market in the Devonshire Subdivision*


Months of Inventory based on Closed Sales in September 2016: 1 

Up 70% compared to the last month
Up N/A compared to the last year

*Buyer’s market: more than 6 months of inventory based on closed sales

 Seller’s market: less than 3 months of inventory based on closed sales

 Neutral market: 3 – 6 months of inventory based on closed sales

Devonshire, Devionshire Subdivision, Devonshire Olathe, Olathe

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