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Spring 2012 Market Update
A Market study of
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| Average Home Price | $625,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $400,000 - $449,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Lake Quivira is | Decreasing |
| Seller Activity for the past 90 days in Lake Quivira is? | Decreasing |
| Multiple Offers? | No |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 0-5% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Just like anywhere, anyone who’s loan amount is under 417k will have the standard conventional requirements. Any Jumbo product, the buyer’s will have to have excellent credit, 15-20% down and ample assets. Many lenders are not wanting to see credits in the contracts for repairs so many buyer’s are limited to receiving credits for closing costs up to 3%. Also, a lot of Lake Quivira buyers/ lookers have homes in the metro area and would like a vacation home. This is tough with lending limits and 50 mile radius of the primary residence. Looking into lending for this sort of scenerio is important! |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | As of right now there are 20 homes on the market in Lake Quivira! The prices start at 289.5k and go up to $1,250,000! |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Lake Quivira! Lake Quivira is a very tight community! Many people chose to live there for the country club and the community |
| Nearest Metro Area | Kansas City |
| Housing Hot Spots | Hot Spots in Lake Quivira would obviously be the homes that front to the lake, however there are some amazing properties that are in community without a lake view. Most of these homes have beautiful tree views! |
| Average Sold Price | $625,000 - View Graph Trend |
Lake Quivira Local News
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
Contact Information
Kulp and Company
913-568-3844
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Kulp and Company
Keller Williams Realty Partners, Inc
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 913-568-3844
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