Leawood Homes are selling almost 40 per month on average. When do you want your home to sell?
Leawood, KS Real Estate Market Conditions
Leawood had 238 homes sell and close in the last 6 months as of 09/03/2008, counting all homes and price ranges, including existing homes and new construction. There are 346 Single family homes listed for sale in Leawood giving a just of 8.5 month supply of homes based on the current rate of absorption.
Upper Bracket Homes in Leawood $500,000+ Strong Buyer advantage
Upper Bracket Homes in Leawood accounted for 67 of the recent six month sales, based upon most recent listing price. There are 187 homes listed for sales in the $500,000+ range, which means the market is still overcrowded in that price range with a roughly 17 months supply of homes. Seller's should review their house's condition and curb appeal. If you have been on the market more than 30 days, talk with your agent about how the house could be presented better. If you don't need to sell, this may not be the ideal time to test the market. An example of a neighborhood in this price range is Highlands Ranch.
Leawood Homes $250,000 and under : Strong Seller Advantage
Leawood Homes $250,000 and under are relatively uncommon in Leawood and are selling well, accounting for only 23 of the last 6 months sales/closings. There are just 18 homes listed for sale at $250,000 or less price. Selling at an average pace of just under 4 homes per month, there is just under a 5 month supply of homes in Leawood in this price range, a decent Seller advantage market price range.
Leawood Homes $250,000 to $350,000 : Seller advantaged Market 4.9 months supply of homes.
Selling at a pace of 0.42 homes per day. There have been 75 homes sold in the last 6 months listed in this price range. There are 61 homes listed for sale in this price range.
Leawood Homes $350,000 to $500,000
Leawood Homes $350,000 to $500,000 There have been 76 homes sold in the last 6 months listed in this price range. There are 83 homes listed for sale in this price range. With a 6.5 months supply of homes, the market is slightly buyer advantaged. An example of a neighborhood in this price range is Whitehorse.
Summary - if you have an upper bracket home, realize the market is soft in your price and adjust your plans accordingly. The lower priced homes are selling well, so as a buyer, you will want to adjust your plans to fit the reality of the market place. It will be the rare seller in the under $250,000 price range who is going to be willing to make many concessions, since the market is strong. If, however, you are interested in buying UP in the down market, now is the time to assess your personal situation. Interest rates are low, upper bracket inventory is high, some sellers are very motivated.
ZIP Codes: 66224, 66209, 66206
Location Characteristics: Market conditions vary strongly from strong seller advantage to very healthy buyer advantage depending on price range. Leawood is an upper bracket community in suburban Kansas City in Johnson County. Leawood is one of the most sought after addresses in Johnson County. It borders the Missouri state line and Overland Park, Kansas. Leawood offers world class shopping, amenities, architectural standards on new developments, golf courses and private clubs. Everything you would expect.
When searching for or selling a home in Leawood Kansas be sure to contact real estate expert Ken Jansen REALTOR at 913-908-2215 or KenJansen@TopProducer.com Keller Williams Realty Partners Inc. 11005 Metcalf Overland Park KS 662110 http://www.kansascityrealestate411.com
