Leawood Real Estate Report – November 2012

Leawood Real Estate Report
 
The median list price in LEAWOOD, KS this week is $424,975.

Inventory has been decreasing lately but the Market Action Index is
falling also. With days-on-market climbing, these are relatively
negative implications for the market.

In terms of supply and demand, the market is getting cooler – more
supply is coming on the market relative to the sales demand.
However, in recent weeks prices have been moving higher. Since it is
technically a Buyer’s market, this price trend may be a result of
improved quality (newer, larger homes) of the homes being listed.
Look at the descriptive statistics where you may notice the homes
being listed are larger and younger than they have been in the past.

Price trends continued their recent uptrend this week. While
still below the market’s price high-point, we’ve seen a nice run
recently.

 Click to see the full report

 
Below are highlight properties for Leawood Real Estate Report. See more at the full report:
 
Highlights Photos Maps & Local Schools Market Data MyNeighborhood Report Homeownership & Kids Leawood Video  
 
Status: Active
10201 Mohawk Lane Leawood, 66206
$549,900
5 BEDROOMS
5 BATHROOMS [ 4 FULL, 1 HALF ]
LISTING MLS ID: 1806878
Listing Courtesy of: Reece & Nichols Southgate

Status: Active
12814 Sagamore Road Leawood, 66209
$275,000
5 BEDROOMS
4 BATHROOMS [ 3 FULL, 1 HALF ]
LISTING MLS ID: 1806074
Listing Courtesy of: Coldwell Banker Advantage

Status: Active
2803 W 146th Street Leawood, 66224
$399,900
4 BEDROOMS
4 BATHROOMS [ 4 FULL ]
LISTING MLS ID: 1806459
Listing Courtesy of: Reece & Nichols Town Center

Status: Pending
12113 Aberdeen Street Leawood, 66209
$379,000
4 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: 1804489
Listing Courtesy of: RE/MAX Premier Realty

Status: Just Sold
15316 Rosewood Street Leawood, 66224
$310,000
4 BEDROOMS
4 BATHROOMS [ 3 FULL, 1 HALF ]
LISTING MLS ID: 1795295
Listing Courtesy of: Prudential Kansas City Realty

Status: Just Sold
14802 Granada Court Leawood, 66224
$427,000
4 BEDROOMS
5 BATHROOMS [ 4 FULL, 1 HALF ]
LISTING MLS ID: 1777600
Listing Courtesy of: Reece & Nichols Mission

Status: Just Sold
9612 Manor Road Leawood, 66206
$268,000
2 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: 1798388
Listing Courtesy of: Keller Williams Key Partners

 
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Paul Holland
Reece & Nichols
913-307-4051
paul@paulsellskc.com












 

Lenexa Real Estate Report – November 2012

Lenexa Real Estate Report
 
The median list price in LENEXA, KS this week is $279,950

Inventory is tightening and days-on-market is falling. But demand
as measured by the Market Action Index is also trending down. The
market is not giving strong up or down signals from these data.

In terms of supply and demand, the market is getting cooler – more
supply is coming on the market relative to the sales demand.
However, in recent weeks prices have been moving higher. Since it is
technically a Buyer’s market, this price trend may be a result of
improved quality (newer, larger homes) of the homes being listed.
Look at the descriptive statistics where you may notice the homes
being listed are larger and younger than they have been in the past.

 Click to see the full report

 
Below are highlight properties for Lenexa Real Estate Report. See more at the full report:
 
Highlights Maps & Local Schools Market Data MyNeighborhood Report Homeownership & Kids Lenexa Video  
 
Status: Just Sold
23605 W 93rd Street Lenexa, 66227
$248,000
4 BEDROOMS
4 BATHROOMS [ 3 FULL, 1 HALF ]
LISTING MLS ID: 1793216
Listing Courtesy of: Your Future Address, LLC

Status: Just Sold
13201 W 77th Terrace Lenexa, 66215
$179,000
4 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: 1799276
Listing Courtesy of: Reece & Nichols Leawood

Status: Active
7903 Gillette Street Lenexa, 66215
$180,000
3 BEDROOMS
2 BATHROOMS [ 2 FULL ]
LISTING MLS ID: 1804475
Listing Courtesy of: Realty Executives

Status: Active
17600 W 84th Street Lenexa, 66219
$395,000
4 BEDROOMS
5 BATHROOMS [ 4 FULL, 1 HALF ]
LISTING MLS ID: 1806025
Listing Courtesy of: Keller Williams Diamond Part

Status: Pending
9731 Redbird Street Lenexa, 66227
$439,950
4 BEDROOMS
4 BATHROOMS [ 3 FULL, 1 HALF ]
LISTING MLS ID: 1804053
Listing Courtesy of: Prime Development Land Co LLC

Status: Coming Soon
23706 W 88 Terrace Lenexa, 66227
$225,000
2 BEDROOMS
2 BATHROOMS [ 2 FULL ]
LISTING MLS ID: 1806035
Listing Courtesy of: Reece & Nichols Leawood

 
See the Full Lenexa Real Estate Report
 
 
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Paul Holland
Reece & Nichols
913-307-4051
paul@paulsellskc.com












 

Shawnee Real Estate Report

Shawnee Real Estate Report November 2012
 

The median list price in SHAWNEE, KS this week is $214,975

Inventory has been lightening lately and the Market Action Index has been trending up. These are mildly positive indications for the market.

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

 Click to see the full report

 
Below are highlight properties for Shawnee Real Estate Report November 2012. See more at the full report:
 
Highlights Maps & Local Schools MyNeighborhood Report Market Data Home Ownership & Kids Shawnee Video  
 
Status: Active
6211 Albervan Street Shawnee, 66216
$150,000
3 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: 1806880
Listing Courtesy of: Reece & Nichols College Blvd

Status: Active
5118 Anderson Street Shawnee, 66226
$245,000
4 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: 1806950
Listing Courtesy of: Platinum Realty

Status: Pending
5322 Roundtree Street Shawnee, 66226
$244,950
4 BEDROOMS
3 BATHROOMS [ 2 FULL, 1 HALF ]
LISTING MLS ID: 1804188
Listing Courtesy of: Keller Williams Key Partners

Status: Just Sold
6359 Payne Street Shawnee, 66226
$174,000
4 BEDROOMS
3 BATHROOMS [ 3 FULL ]
LISTING MLS ID: 1798910
Listing Courtesy of: Coldwell Banker Advantage

Status: Just Sold
20603 W 71st Terrace Shawnee, 66218
$250,000
4 BEDROOMS
4 BATHROOMS [ 3 FULL, 1 HALF ]
LISTING MLS ID: 1797750
Listing Courtesy of: Keller Williams Diamond Part

Status: Active
13801 W 54th Terrace Shawnee, 66216
$350,000
4 BEDROOMS
4 BATHROOMS [ 3 FULL, 1 HALF ]
LISTING MLS ID: 1805822
Listing Courtesy of: Reece & Nichols Southgate

 
See the Full Shawnee Real Estate Report November 2012
 
 
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Paul Holland
Reece & Nichols
913-307-4051
paul@paulsellskc.com












 

4774 Halsey St, Shawnee, KS – Property Video

 

Great neighborhood, definitely move in ready. Billiard room, family room at basement level for an additional 1200 square feet. Beautiful deck, updated kitchen. Must see, property is a steal at this price!

Listing Provided Courtesy Of: RE/MAX Associates of Topeka

 
 
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Paul Holland
Reece & Nichols
913-307-4051
paul@paulsellskc.com












 

3511 Wayne Ave Kansas City, MO – Property Video

 

Newer 3BR ranch built in 2001 with great hywy access. Master BR has 2 spacious closets. New tile in kitchen & added cabinet space for plenty of storage. Large screened-in front porch. Lots of closet space! Be anywhere downtown in minutes. Less than 5 miles from Crown Center, Plaza, UMKC, Downtown, Loose Park – great location, great opportunity!  Additional side entry door for easy access to kitchen. Utility room located off kitchen. Close to public transit.

 
 
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Paul Holland
Reece & Nichols
913-307-4051
paul@paulsellskc.com












 

6000 Hardy St Merriam, KS – Property Video

 

HUD owned property, 1.5 Story, located in well established area, 1 car garage, finished Basement, eat-in dining, utility room in the Basement, fire place, patio in the back, Wood-fenced yard, Close to major highways, Shopping and school. This property is being sold in as/is condition, make an offer today!

Listing Provided Courtesy of Michelle O Conner Real Estate

 
 
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Paul Holland
Reece & Nichols
913-307-4051
paul@paulsellskc.com












 

4817 Mund Rd Shawnee, KS 66218

 

Take a look at this beautiful house. The backyard can be your own private resort area with an in-ground pool, covered patio, beautiful landscaping and low maintenance foliage. It also boast a finished walk-out basement with a wet bar. Enjoy entertaining your family and friends while BBQing on the large deck off the main level with easy access to the kitchen. The krox fence carries a life-time warranty so you never have to worry about painting or repairs. The house also has a reverse osmosis water softener and purification system. Bring your buyers to take a look.

 
 
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Reece & Nichols
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14817 Wyandotte Dr, Olathe, KS 66062

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Gen X and Y Will Lead The Next Housing Boom

Will the next buying boom be fueled by Generation X and Y buyers? I believe so and I’ve been preaching to every person who will listen to me that that Generation X and Y buyers are ready to make a move right now. Now, I know some of you are burdened with student debt; I understand that. I understand that some of you are living at home with your parents and you’re very, very comfortable, but there’s another whole segment you that is not in that category. There’s a segment of you that is living in a rental and watching your rents go up every single year, and go up dramatically every single year. BUT – There are segments of you, and again, what we’re talking about is the X and Y generation, that are ready to buy right now. Let’s take a look at numbers. Here’s the homeownership rate by age. What we can see is there’s been the biggest falloff in percentages for that 35 and under group, the group I’m specifically talking about right now. That drop‐off is going to be corrected. Let me show you a few statistics. Now, part of you, as I mentioned before, are living with your parents. Take a look at the graph below showing the 25‐ to 34‐year‐olds living with their parents, in millions. Back in 2003, that number was four million, ending last year it was 5.9, and probably that number is over six million right now, but again, that’s the anomaly, from the four million to the six million. There are two million people, two million young adults between the ages of 25 and 34, who are living with their parents right now. Some are by choice and some are due to economic realities, but either way many of you still place a high value on owning a nice home. Here’s another interesting tidbit. Better Homes & Gardens did a national survey of 18‐ to 35‐year‐olds. And the major question? What is the fundamental indicator of success for that age group? Seventy‐five percent, three out of four, said owning a nice home. The next closest thing was taking extravagant vacations, which made that down all the way to 12 percent; own an expensive car, nine percent; owning designer clothing and looking good, five percent. I believe that now might be the greatest time in American real estate history for young people to step up and purchase, and ladies and gentlemen, I’m not the only one. This is an actual quote from the joint housing studies of Harvard University this past summer. This is what their report said: "Surveys consistently find that the overwhelming majority of young adults plan to own a home in the future. But many would‐be buyers have stayed on the sidelines, waiting for the job outlook to improve and housing prices to stop falling. But as markets tighten, these fence‐sitters may begin to take advantage of today’s lower home prices and unusually low mortgage rates." So it’s not me saying this, it’s even Harvard saying it. Generation X and Y buyers are also getting into childrearing ages, and they know something that every study just keeps on repeating. When children grow up in a home that is homeowner occupied, they do better in school. And according to a new study by Professors Richard K. Green and Gary D. Painter at the University of Southern California and Michelle J. White at the University of San Diego, they found that their findings reaffirmed the idea that homeownership, in and of itself, predicts positive outcomes for children. This result applies to the likelihood both of children remaining in school and girls not bearing children as teenagers. The two major things they were looking at: Do people stay in school and stay in school longer, and do they not, the teenaged children, not have children? Homeownership was a big indicator in those. You can read the full report; it’s pretty interesting. I believe the dream of home ownership is alive and well. I also believe more people can buy a home of their own today than ever before. The young people that make up Generation X and Y know the value of homeownership and see the benefits it provides to their children, in addition to the economic benefits they receive. If you’re thinking of buying a house but you’re not sure if you can afford it, or where to start, I’d like to point you to my first time buyer page. It’s loaded with information on buying your first home and lots of other great information too. You can even sign up for a first time buyer course that will deliver information right to your e-mail so you can take your time learning about the whole process. Don’t sit on the sidelines and let historically low rates and great prices pass you by. Of course you can shorten the process by doing what a lot of people did last year – Just "Call Paul & Start Packing!" 913-800-0536

 
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Paul Holland
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