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Spring 2012 Market Update
When considering this market conditions report the criteria that was used for included ONLY Single Family Listings/Sales.
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| Average Home Price | $575,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 15-20% |
| 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 | 95-100% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Leawood is | No Change |
| Seller Activity for the past 90 days in Leawood is? | Decreasing |
| Multiple Offers? | No |
| Multiple Offers Commentary | Homes that hit the market that are priced RIGHT AT MARKET VALUE OR UP TO 5% BELOW, in excellent condition are getting multiple offers. Homes that are short sales / foreclosures and are priced well below market value are getting multiple offers. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 0-5% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | |
| Nearest Metro Area | Kansas City |
| Housing Hot Spots | Most cities within the Johnson County area are considered ’Housing Hotspots’ |
| Average Sold Price | $575,000 - View Graph Trend |
Leawood 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
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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
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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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