Shawnee Real Estate Market - View Shawnee Real Estate Market Trends in Kansas

Winter 2012 Market Update We hold Open Houses every weekend if possible. Last weekend 5 out of 6 couples came through one of our Open Houses and only one had their home on the market and was prepared to move forward. What this tells us is that pent up demand is on it’s way...slowly. Why haven’t you put your home on the market? How will you take advantage of 5% interest rates if you haven’t taken the first step in the process?
Average Home Price	$250,000 - View Graph Trend

Average Price Compared to Last Year	Down 0-5%

Average Time on Market	More than 120 days

Best Selling Price Range	$150,000 - $199,000

Worst Selling Price Range	$400,000 - $449,000

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	Decreasing

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Shawnee is	Decreasing

Seller Activity for the past 90 days in Shawnee is?	Decreasing

Multiple Offers?	No

Multiple Offers Commentary	No sellers are not getting multiple offers unless the house is priced right at or anywhere from 1-3% below market value and the condition is spectacular!

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	Shawnee isn’t made up of ’jumbo loan’ buyers (above 417k) so financing is very available! If you have any financing issues please send us a message and we will connect you with one of our most creative lenders!

Housing Inventory	Good supply - Some Prices

Inventory Comments	Above I stated that average days on market are decreasing. This is true to the numbers I pulled on 1/12/2011. Remember these are homes that have sold in the last 30 days. Time on market is down 50 days from one year ago! You’ll see below where the question is asked ’what price range of homes are not selling in Shawnee right now’ The answer isn’t simply one 50k range. There has not been a sale above the 375k in the last 30 days. Anything above that is very tough! The buyer pool is low which means that the sellers know this and have chosen to keep their home off the market. IF you are interested in a home in this price range please let us know. We know who wants to sell, even if they aren’t listed on the Multiple Listing Service.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Lower prices with good selection and competitive interest rates creates a perfect time to buy in Shawnee! With buyers we are working with, they are moving within Shawnee to a larger , more spacious home. Other buyers are relocating out of the Metro... there isn’t one specific or general reason why people are buying homes in Shawnee. We are a small city close to the Metro. Location is convenient along with the ability to enjoy all of our gorgeous parks, trails, pools, etc. Plus, you get more

Nearest Metro Area	Kansas City

Housing Hot Spots	Shawnee has a lot of great New Homes Communities that are priced exceptionally well for the market right now. This is one of the most affordable cities in Johnson County in relation to the amount of home you can buy. There are amazing prices in Oakbrook and Maplewood of Crimson Ridge, Frenchman’s Creek, Woodland Park, Woodsonia, etc. These areas have EXCELLENT schools within the Desoto School District. Be on the lookout for the affordable homes in the 150’s-250’s - where the sellers have upgraded carpet, hardwoods, granite countertops, and tile.

Average Sold Price	$250,000 - View Graph Trend

Shawnee Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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