Shawnee Kansas, suburban Kansas City, Real Estate Market Update August 6th, 2009

Shawnee Kansas, suburban Kansas City, Real Estate Market Update August 6th, 2009

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

How many Shawnee homes are for sale in Shawnee at $150,000 or less?

As of August 6th, 2009 there are 53 homes listed for sale in Shawnee Kansas, suburban Kansas City in Johnson County listed at $150,000 or less. Since March 1st, 2009 88 single family homes have sold in Shawnee, KS at $150,000 or less. This would suggest a slight seller advantage at this point. Demand is likely boosted by the summer rush and the $8000 tax credit.

How many homes are for sale in Shawnee from $150,000 to $250,000?

As of August 6th, 2009 there are 179 homes listed for sale in Shawnee Kansas, suburban Kansas City in Johnson County with an asking pricee between $150,000 and $250,000 . Since March 1st, 2009 214 single family homes have sold in Shawnee, KS at $250,000 or less. Relatively neutral market with some slight seller advantage. Again, most likely enhanced by the summer rush and demand is helped by the $8000 tax credit

How many homes are for sale in Shawnee from $250,000 to $450,000?

As of August 6th, 2009 there are 156 homes listed for sale in Shawnee Kansas, suburban Kansas City in Johnson County listed at $250,000 to $450,000. Since March 1st, 2009 94 homes have sold in Shawnee, KS between $250,000 and $450,000. Based on the rate of absorbtion of inventory with recent demand levels for housing in Shawnee, the advantage has shifted to the buyer and there is more supply than demand for houses in this price range.

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

As of August 6th, 2009 there are 31 homes listed for sale in Shawnee Kansas, suburban Kansas City in Johnson County listed at $450,000 to $700,000. March 1st 2009 15 homes have sold in Shawnee, KS between $450,000 and $700,000. This is nearly a years worth of inventory based on recent demand. Buyers Advantage. Buyers in this price range may also be considering homes in Overland Park Kansas or Leawood Kansas.

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

As of August 6th, 2009 there are 8 homes listed for sale in Shawnee Kansas, suburban Kansas City in Johnson County listed at $700,000 to $1,000,000. Since March 1st 2009 only one listed home has closed in this price range. Strong buyer advantage. At this price point, buyer 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.

How many homes are for sale in Shawnee for $1,000,000 or more?

As of August 6th, 2009 there are 4 homes listed for sale in Shawnee Kansas, suburban Kansas City in Johnson County listed at $1,000,000 or more. Since March 1st, 2009 just one home has sold in Shawnee, KS at the Millions Dollar plus luxury home price point. Even with the beautiful rolling hills of Shawnee a supply of homes greater than 18 months compared to demand is a definate buyer's market.

How much is my Shawnee 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.

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 www.KansasCityRealEstate411.com