Overland Park Kansas, suburban Kansas City, Real Estate Market Update August 8th, 2009

Overland Park Kansas, suburban Kansas City, Real Estate Market Update August 8th, 2009

Overland Park is a large and growing city in suburban Kansas City Johnson county with quite a variety of homes for sale. Overland Park is consistently rated one of the best cities to live in by Money Magazine and Fortune during their annual surveys.

How many Overland Park Kansas homes are for sale at or under $125,000?

As of August 8th, 2009 there are 116 homes listed for sale in Overland Park Kansas, suburban Kansas City in Johnson County with an asking price of $100,000 or less. Since March 1st, 2009 119 homes have sold in Overland Park, KS at $125,000 or less. Essentially a neutral market with supply and demand in a decent or average balance

How many homes are for sale in Overland Park Kansas with an asking price between $125,000 and $200,000

As of August 8th, 2009 there are 238 homes listed for sale in Overland Park Kansas, suburban Kansas City in Johnson County with an asking price between $125,000 and $200,000. Since March 1st, 2009 389 homes have sold in Overland Park, KS at between $125,000 and $200,000. Advantage is to the seller based on supply and demand. This is the current hot price range in Overland Park. If you have a home to sell in Overland Park in this price range, you should talk to a real estate professional about whether now is the time to sell.

How many homes are for sale in Overland Park from $200,000 to $275,000?

As of August 8th, 2009 there are 215 homes listed for sale in Overland Park Kansas, suburban Kansas City in Johnson County where the home owner's asking price is between $200,000 to $275,000. Since March 1st, 2009 255 homes have sold in Overland Park, KS between $200,000 and $350,000. Seller advantage at this price point.

How many homes are for sale in Overland Park from $275,000 to $350,000?

As of August 8th, 2009 there are 154 homes listed for sale in Overland Park Kansas, suburban Kansas City in Johnson County where the home owner's asking price is between $200,000 to $350,000. Since March 1st, 2009 170 homes have sold in Overland Park, KS between $275,000 and $350,000. Seller advantage at this point. Buyers are choosing Overland Park versus other suburbs.

How many homes are for sale in Overland Park from $350,000 to $500,000?

As of August 8th, 2009 there are 173 homes listed for sale in Overland Park Kansas, suburban Kansas City in Johnson County listed at $350,000 to $500,000. Since March 1st, 2009 134 homes have sold in Overland Park, KS between $350,000 and $500,000. Market balance is in favor of the home buyer as the supply of homes is greater than an average of six months worth of demand for homes. The homes with better presentation, effective exposure, cutting edge marketing, which present the best value will be the homes which ultimately sell. Others will sit and linger.

How many homes are for sale in Overland Park from $500,000 to $750,000?

As of August 8th, 2009 there are 147 homes listed for sale in Overland Park Kansas, suburban Kansas City in Johnson County listed at $500,000 to $7500,000. Since March 1st, 2009 63 homes have sold in Overland Park, KS between $500,000 and $750,000. Advantage is to the buyer in this price point based on supply and demand.

How many Upper Bracket homes are for sale in Overland Park for $750,000 or more?

The Exceptional Properties market as of August 8th, 2009 inventory includes 73 luxury homes listed for sale in Overland Park Kansas, suburban Kansas City in Johnson County listed at $750,000 or more. Since March 1st, 2009 24 Luxury homes have sold in Overland Park, KS at the $750,000+ price point. With nearly a year and half of inventory at current rate of demand, this price point is a definite buyer's market. Luxury home buyers in this price point may also be considering Leawood KS or Mission Hills KS. A shrewd buyer in the market for good buy on a luxury home can find some outstanding values right now.

How much is your Overland Park home worth?

Ken Jansen Broker Associate, CRS, ABR, CLHMS, ePRO, CSP

Keller Williams Realty Partners, Inc. Overland Park KS 66210

Phone 913-908-2215 Fax 913-744-2714

email Ken@KenJansenSellsHomes.com

website http://www.KansasCityRealEstate411.com