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

Real Estate Market Report for Olathe, KS


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

Olathe, Olathe KS, Olathe Kansas, Homes for sale in Olathe KS


October 2016 is a Seller’s market in Olathe, KS*

Home For Sale in October 2016: 539 homes for sale.

Down 0.2% compared to the last month
Up 2.7% compared to the last year

Home Listed in October 2016: 240 homes listed for sale.

Down 2% compared to the last month
Up 9.6% compared to the last year

Home Closed in October 2016: 195 homes sold.

Down 22.3% compared to the last month
Down 1.5% compared to the last year

Home Placed under Contract in October 2016: 139 homes under contract.

Down 28.7% compared to the last month
Down 27.2% 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


October 2016 Average Sold Price per Square Footage is Appreciating in Olathe, KS*


Average Sold Price per Square Footage in October 2016:$114 per square foot.

0% compared to the last month
Up 6.5% compared to the last year

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


October 2016 Average Days on Market trend Remains Steady in Olathe, KS*


Average Days on Market in October 2016: 38 days on the market. 

Down 5% compared to the last month
Down 17.4% compared to the last year

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


October 2016 is a Seller’s market in Olathe, KS*


Months of Inventory based on Closed Sales in October 2016: 2.8 months of inventory.

Up 27.9% compared to the last month
Up 3.8% 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

Olathe, Olathe KS, Olathe Kansas, Homes for sale in Olathe KS

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

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


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

Scarborough, Scarborough Subdivision, Scarborough Olathe, Olathe


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

Home For Sale in September 2016: 5 units.

Down 28.6% compared to the last month
Down 28.6% compared to the last year

Home Listed in September 2016: 3 units.

Down 25% compared to the last month
Up 50% compared to the last year

Home Closed in September 2016: 3 units.

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

Home Placed under Contract in September 2016: 1 units.

Down 66.7% 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

September 2016 Average Sold Price per Square Footage is Neutral in the Scarborough Subdivision*

Average Sold Price per Square Footage in September 2016:$94 

Down 16.8% compared to the last month
Up 6.8% compared to the last year

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


September 2016 Average Days on Market trend is Rising in the Scarborough Subdivision*


Average Days on Market in September 2016: 17 

Up 6.3% compared to the last month
Down 63.8% compared to the last year

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


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


Months of Inventory based on Closed Sales in September 2016: 1.7 

Up 42.9% compared to the last month
Down 25.7% 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

Scarborough, Scarborough Subdivision, Scarborough Olathe, Olathe

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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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Palisade Park Real Estate Market Report – Is it a buyer’s, seller’s or neutral real estate market?

Palisade Park Real Estate Market Report

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

Palisade Park, Palisade Park Olathe, Palisade Park Subdivision, Olathe


September 2016 is a Neutral market in the Palisade Park Subdivison*

Home For Sale in September 2016: 5 units.

Down 16.7% compared to the last month
Up 66.7% compared to the last year

Home Listed in September 2016: 5 units.

Up 400% compared to the last month
Up 66.7% compared to the last year

Home Closed in September 2016: 1 units.

Down 75% compared to the last month
Down 66.7% compared to the last year

Home Placed under Contract in September 2016: 2 units.

Down 33.3% 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 Neutral in the Palisade Park Subdivision*


Average Sold Price per Square Footage in September 2016:$87 

Down 16.3% compared to the last month
Down 10.3% compared to the last year

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


September 2016 Average Days on Market trend is Rising in the Palisade Park Subdivision*


Average Days on Market in September 2016: 36 

Up 56.5% compared to the last month
Up 5.9% compared to the last year

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


September 2016 is a Neutral market in the Palisade Park Subdivision*


Months of Inventory based on Closed Sales in September 2016: 5 

Up 233.3% compared to the last month
Up 400% 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

Palisade Park, Palisade Park Olathe, Palisade Park Subdivision, Olathe

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South Hampton Subdivision Real Estate Market Report – Is it a seller’s, buyer’s or a neutral real estate market?

South Hampton Subdivision Real Estate Market Report


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

South Hampton, South Hampton Olathe, South Hampton Subdivision, Olathe


September 2016 is a Buyer’s market in the South Hampton Subdivision*

Home For Sale in September 2016: 8 units.

Up 100% compared to the last month
Up 33.3% compared to the last year

Home Listed in September 2016: 5 units.

Up 25% compared to the last month
0% compared to the last year

Home Closed in September 2016: 1 units.

Down 66.7% compared to the last month
Down 66.7% compared to the last year

Home Placed under Contract in September 2016: 0 units.

Down 100% compared to the last month
Down 100% 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 Neutral in the South Hampton Subdivision*


Average Sold Price per Square Footage in September 2016:$105 

Down 5.4% compared to the last month
Up 7.1% compared to the last year

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


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


Average Days on Market in September 2016: 3 

Down 82.4% compared to the last month
Down 81.2% compared to the last year

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


September 2016 is a Buyer’s market in the South Hampton Subdivision*


Months of Inventory based on Closed Sales in September 2016: 8 

Up 502.5% compared to the last month
Up 300% 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

South Hampton, South Hampton Olathe, South Hampton Subdivision, Olathe

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

Havencroft Subdivision Real Estate Market Report – Olathe, KS


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

Havencroft, Havencroft subdivision, Havencroft Olathe, Olathe


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

Home For Sale in September 2016: 19 units.

Up 46.2% compared to the last month
Up 111.1% compared to the last year

Home Listed in September 2016: 21 units.

Up 133.3% compared to the last month
Up 425% compared to the last year

Home Closed in September 2016: 10 units.

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

Home Placed under Contract in September 2016: 8 units.

Up 60% compared to the last month
Up 166.7% 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 Havencroft Subdivision*

Average Sold Price per Square Footage in September 2016:$110 

Up 15.8% compared to the last month
Up 31% compared to the last year

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


Average Days on Market in September 2016: 16 

Up 60% compared to the last month
Down 57.9% compared to the last year

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


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


Months of Inventory based on Closed Sales in September 2016: 1.9 

Up 46.2% compared to the last month
Up 111.1% 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

*

Havencroft, Havencroft subdivision, Havencroft Olathe, Olathe

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Spring Hill Home Values Have Increased in Value

Spring Hill Home Values Have Increased in Value

With the median estimated home value increasing 3.45% in the past 12 months in Spring Hill,  wouldn’t you like to see how much your home in Spring Hill has increased in Value?
Instantly find out the value of your home in Spring Hill by clicking the image below . . .
Spring Hill, Spring Hill KS, Spring Hill Kansas
Spring Hill, Spring Hill KS, Spring Hill Kansas

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Thinking of selling your home and want to be prepared?

Thinking of selling your home and want to be prepared?

Often times when I go to list a home I notice a list of neglected items that need to be done before the home goes on the market. Thinking of selling your home this fall? Follow this list to help ensure a smooth transaction:
Foundation: Look at the base of the walls and the ceilings in each room. Are there obvious cracks or apparent shifts in the foundation? Do the same around the outside. Are there any trees encroaching on the foundation and need to be removed? Any visible cracks on the inside or outside of the foundation?
Lot: With 95% of foundations issues caused by improper drainage, start with making sure that the water from downspouts and sump pump discharge pipes flow away from your house. Are there any low spots around your foundation?  Are there any obvious soggy areas in your yard? Are there any repairs needed on your fence?
Roof: Do a visual inspection of your roof from the ground. Are there any missing shingles? Are gutters clean and leaf free?
Exterior: Walk-around your house. Does the house look like it will need repairs or repainting soon? Are gutters and downspouts firmly attached? Are there loose boards or dangling wires? Is there any soft wood on the siding or trim? Are there any voids under concrete slabs (driveway, stoops or patios)?
Attic: How does the interior of the roof structure look? Are there any signs of leaks? Do you see any holes that critters could enter? Do you have the proper amount of insulation?
Interior evidence of leaks: During your inspection, did you observe any stains on the walls or ceilings? Are they currently wet? Could they be mold or mildew?
Basement: Inspect your basement. Are there any damp or wet areas?
Electrical: Do the switches work? Are there any obvious malfunctions? Have the outlets been grounded? Is the panel updated and expandable for additional appliances or a potential remodel? Are there any lights that don’t operate properly? Check the GFCI switches. Do they operate correctly?
Plumbing: Any unusual noises or malfunctions? Do any drains drain slowly? Shut off exterior hose connections to prevent freezing. Add water to the sump pit to make sure the sump pump is working properly.
Appliances: The inspector will run appliances that stay with the home. Do any of them not operate properly?
Heating/cooling system: First replace the furnace filter and wipe off the dust on the furnace and spray the A/C. Does both systems seem to do the job? Have you had both systems serviced in the past 12 months?
Odor: Does the home smell? Can you detect what it might be and whether it could be fixed? Beware of musty odors which could signal a wet basement.
Hoses: Remove hose bibs to prevent freezing.
Sprinkler System: Drain and service your sprinkler system, if applicable.
Tile: Check bathroom tile and replace any missing grout and broken tiles.
Clothes Dryer: Clean lint from dryer and duct work.

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Edgerton Home Values Have Increased in Value

Edgerton Home Values Have Increased in Value

With the median estimated home value increasing 8.4% in the past 12 months in Edgerton,  wouldn’t you like to see how much your home in Edgerton has increased in Value?
Instantly find out the value of your home in Edgerton by clicking the image below . . .
Edgerton, Edgerton KS, Edgerton Kansas
Edgerton, Edgerton KS, Edgerton Kansas

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ReeceNichols is Ranked #1 in the Number of Homes Sold in Kansas City

ReeceNichols is Ranked #1 in the Number of Homes Sold in Kansas City
(For the past 12 months)

Kansas City, Kansas City real estate
ReeceNichols is ranked #1 in Kansas City with 18,770 homes sold. Keller Williams is ranked #2 ad RE/MAX is ranked #3.
Thinking of selling your home in Kansas City?
Contact Chris Dowell with ReeceNichols.
Kansas City, Kansas City real estate

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