Homes in Lenexa suburban Kansas City, Real Estate Market Update August 26th, 2009

Lenexa Kansas, suburban Kansas City, Real Estate Market Update August 26th, 2009

Lenexa is a large and growing city in Kansas with a plethora of homes for sale. Let's break down the Lenexa real estate market by price range.

Lenexa Homes for Sale under $150,000

As of August 26th, 2009 there are 39 Lenexa homes listed for sale suburban Kansas City in Johnson County listed at $150,000 or less. Since April 1st, 2009 41 single family homes have sold in Lenexa, KS at $150,000 or less. This would suggest a seller advantage at this point. Demand is likely boosted by the summer rush and the $8000 tax credit. For those buyers who want to live farther south in Johnson county Olathe may be a good alternative.

Lenexa Homes for sale between $150,000 to $250,000

As of August 26th, 2009 there are 97 Lenexa homes listed for sale suburban Kansas City in Johnson County with an asking price between $150,000 and $250,000 . Since April 1st, 2009 133 single family homes have sold in Lenexa, KS between $150,000 and $250,000. Some slight seller advantage. Again, demand is most likely enhanced by the summer rush and demand is helped by the $8000 tax credit.

Lenexa Homes for sale between $250,000 to $450,000?

As of August 26th, 2009 there are 120 homes listed for sale in Lenexa Kansas, suburban Kansas City in Johnson County listed at $250,000 to $450,000. Since April 1st, 2009 76 homes have sold in Lenexa, KS between $250,000 and $450,000. Based on the rate of absorbtion of inventory with recent demand levels for housing in Lenexa, the advantage has definately shifted to the buyer and there is more supply than demand for houses in this price range.

How many homes are for sale in Lenexa from $450,000 to $700,000?

As of August 26th, 2009 there are 74 Lenexa homes listed for sale in suburban Kansas City in Johnson County listed between $450,000 to $700,000. Since April 1st 2009, 21 homes have sold in Lenexa, KS between $450,000 and $700,000. With over a years worth of inventory based on recent demand a Buyers Advantage exists. Buyers in this price range may also be considering homes in Overland Park Kansas or Leawood Kansas.

How many homes are for sale in Lenexa from $700,000 to $1,000,000?

As of August 26th, 2009 there are 25 homes Lenexa homes for sale in suburban Kansas City in Johnson County with an asking price between $700,000 to $1,000,000. Since April 1st 2009 only one listed home has closed in this price range. Strong buyer advantage. At this price point, buyers may also be looking at Leawood Kansas, Overland Park Kansas, and Mission Hills Kansas as there are more choices in those cities at this price point.

Luxury Homes in Lenexa for sale at $1,000,000 or more?

As of August 26th, 2009 there are 2 homes listed for sale in Lenexa Kansas, suburban Kansas City in Johnson County listed at $1,000,000 or more. Since April 1st, 2009 no homes listed in this price range has sold in Lenexa, KS at the Millions Dollar plus luxury home price point. Even with the beautiful rolling hills of Lenexa a supply of homes greater than 18 months compared to demand is a definate buyer's market. Upper bracket home buyers are probably considering homes in Overland Park KS, Leawood KS, and Mission Hills Kansas.

How much is my Lenexa home worth?

The trend is picking up as far as sales volume. Credit is getting slighly easier to obtain although it will not return, at least anytime soon, to the easy credit access of 2003-2005. Those days are long gone.

Buyers are very interested in the $8,000 tax credit which is spurring interest in the market. This seems to be especially true for the under $250,000 price range.

In General, interest rates are at or near generational lows, assuming you have good credit. Now is a great time to buy, while activity is starting up and there is time to get your low low low interest rate locked in.

How much is your home worth?

Contact information has been updated below