Tag Archives: 66062

Olathe, Kansas: Parkhill Manor Real Estate Stats – 7 homes have sold in the Parkhill Manor Subdivision between $229,500-$303,500 in the past 6 months.

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Olathe, Kansas: Parkhill Manor Real Estate Stats

7 homes have sold in the Parkhill Manor Subdivision
between $229,500-$303,500 in the past 6 months. 
The
real estate activity in the past year has affected the value of your home.
Thinking
of selling your house or you would like to know how the value of your home has been
affected?
Instantly
find out the value of your home in Parkhill Manor . . .
View homes for sale in Parkhill Manor
Parkhill Manor, Olathe, Olathe KS, Olathe Kansas

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Olathe, KS: Tomahawk Trails Real Estate Stats – 8 homes have sold in the Tomahawk Trails Subdivision between $173,500-$200,000.

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Olathe, KS: Tomahawk Trails Real Estate Stats

8 homes have sold in the Tomahawk Trails Subdivision
between $173,500-$200,000 in the past 6 months. 
The
real estate activity in the past year has affected the value of your home.
Thinking
of selling your home or you would like to know how the value of your home has been
affected?
Instantly
find out the value of your home in Tomahawk Trails . . .
View homes for sale in Bella Vista
Tomahawk Trails, Olathe, Olathe KS, Olathe Kansas

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Olathe Real Estate: Bella Vista Real Estate Stats – 5 homes have sold in the Bella Vista Subdivision between $151,000-$263,500.

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Olathe Real Estate: Bella Vista Real Estate Stats

5 homes have sold in the Bella Vista Subdivision between $151,000-$263,500. 


The real estate activity in the past year has affected the value of your home.

Thinking of selling or you would like to know how the value of your home has been affected?

Instantly find out the value of your home in Bella Vista . . .
View homes for sale in Bella Vista
bella Vista, homes for sale in Olathe, Olathe, Olathe KS, Olathe Kansas

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Olathe Real Estate: Stonehurst Subdivision Real Estate Stats

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Olathe Real Estate: Stonehurst Subdivision Real Estate Stats

The average sold price has increased 26.9%  in the past 4 years. The increase in the sales price has affected the value of your home.


Instantly find out the value of your home in Stonehurst

View homes for sale in Stonehurst
homes for sale in Olathe, Stonehurst, Stonehurst subdivision

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Woodland Creek Subdivision Real Estate – Find out the value of your home in Woodland Creek

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Woodland Creek Subdivision Real Estate

With the median estimated home value increasing .06% in the past month, wouldn’t you like to know how this affects your home value?

Instantly find out the value of your home in Woodland Creek Subdivision by entering your address below . . .


View Woodland Creek Subdivision in Olathe Homes For Sale
Olathe Real Estate
Olathe Real Estate

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5 year trend for the absorption rate for Olathe, KS

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5 year trend for the absorption rate for Olathe, KS

Absorption Rate


About Absorption Rate Report
There are 2 kinds of Absorption Rate as follows:

  1. Absorption Rate based on Closed Sales (%)
    Absorption Rate based on Closed Sales (%) = the number of properties sold divided by the number of properties for sale (in percentage).
    For instance, if there are 1,000 active listings and 100 of them sold in a given month, the rate of absorption would be 10%. 10% of the market is being sold in that given month.
  2. Absorption Rate based on Pended Sales (%)
    Absorption Rate based on Pended Sales (%) = the number of properties pended divided by the number of properties for sale (in percentage).
The Rate of Absorption measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed (sold or pended) each month. The Absorption Rate is presented as a percentage (%) of the current inventory. 

How to Use Months of Inventory Report? 

Refer to For Sale vs. Sold Report for the number of properties for sale, pended and sold that are used to calculate the Months of Inventory report. As a rule of thumb, an absorption rate of less than 16.67% indicates a strong buyer market while an absorption rate level greater than 33.33% indicates a seller’s market.

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5 year trend for real estate inventory for Olathe, KS

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5 year trend for real estate inventory for Olathe, KS

Months of Inventory Report


About the Months of Inventory Report

There are 2 kinds of Months of Inventory as follows:

  1. Months of Inventory based on Closed Sales (MOI based on Closed Sales)
    MOI based on Closed Sales = the number of properties for sale divided by the number of properties sold.
  2. Months of Inventory based on Pended Sales (MOI based on Pended Sales)
    MOI based on Closed Sales = the number of properties for sale divided by the number of properties pended.

How to Use Months of Inventory Report?
Refer to For Sale vs. Sold Report for the number of properties for sale, pended and sold that are used to calculate the Months of Inventory report. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer’s market.

  
   
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5 year trend for the average sales and median sales price for Olathe, KS

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5 year trend for the average sales and median sales price for Olathe, KS

Average Price For Sale & Sold Report


What Does Average Price For Sale & Sold graph mean?

  • The Average Price For Sale is the average of list price of the properties for sale in a particular month. The Average Price Sold is the average of sold price of the properties sold in a particular month. Displaying both the Average Price For Sale and Average Price Sold line charts in a graph portrays the relationship between the on and off market pricing.
What Does Average Price For Sale & Sold Report Do?
  • It helps determine whether the market is a buyer or seller market. If the average listing price and average sold price are the closest, the area has the healthiest market.
  • It helps identify where the softest market is and where the buyer can find the biggest price concessions.
  • It helps determine if there is any change in property value for a specific area.
How to Use Average Price For Sale & Sold Report?
  • Refer to For Sale vs. Sold Report for the number of properties sold. If a very expensive or very cheap home has been sold, these statistics can be skewed up or down, and the trend line can fluctuate with less consistency.
  • If the average sold price is below the average listing price, and falling, the market is moving toward a buyers’ market. If the average sold price trend is up or above the average listing price, the market is moving toward a sellers’ market.
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5 year trend on the average days on the real estate market for Olathe KS

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5 year trend on the average days on the real estate market for Olathe, KS

Days on Market Report


What is DOM?
  • DOM stands for days on the market, how long a property is on the market. It generally is between the day the property is listed and the day it becomes off market (for example, when it becomes pended).
Is Average DOM calculated based on sold listings?
  • Yes, it is. The Average DOM is the average of DOM of sold properties.
What is CDOM and how is it calculated?
  • CDOM stands for continuous days on the market and tracks consecutive listing periods.
  • While all MLSs are a little different, the generally accepted rule is that, if a property is re-listed within a 30 day period of it’s previous expired, withdrawn, or canceled period, CDOM kicks in and tracks the aggregated listing time of the property. If the property is off the market for 30 days it resets the CDOM. CDOM is usually only measured for a maximum period of two years.
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5 year real estate trend for the average price per square foot for Olathe KS

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5 year real estate trend for the average price per square foot for Olathe, KS

Average Price per Square Footage


How do you calculate the Average Price per Sqft?

  • The Average Price per Sqft is the average of sold price divided by square footage of sold listings.
What Does Average Price per Sqft. Report Do?
  • It helps establish the market price for an average home.
  • It helps determine if there is any change in property value for a specific area in a specific price range.
How to Use Average Price per Sqft. Report?
  • Use the highest and lowest monthly average price per square foot on the chart to establish the most marketable price range in a specific area.
  • If the home has a larger than normal lot, a special amenity, or is located in an area of social demand, the home price must be adjusted upward.
  • Refer to For Sale vs. Sold Report for the number of properties sold per month. If there are less than five properties sold per month for a specific price range, the average price per square foot might be skewed and is not as useful. In this case, an average of the fifteen month’s or more figures should be used in setting the price.
You Should Know
  • The garage area is not included in the square footage price calculation.
  • Individual listings in the MLS system without square foot information are excluded in the average square foot price calculation.
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