The Kansas City Real Estate Network, the "Most Connected" real estate team in Kansas City. "Real Estate: Beauty Contest or Price War? Win it all with Intelligent Marketing".
Showing posts with label Ask a Question. Show all posts
Showing posts with label Ask a Question. Show all posts

Monday, May 7, 2012

I'm interested in know how much homes are selling for in the Wilshire Place subdivision in Leawood, Kansas. Could you provide that information, please? Leawood, KS. Real Estate

Question: I'm interested in know how much homes are selling for in the Wilshire Place subdivision in Leawood, Kansas. Could you provide that information, please?
Carol P. from Leawood, Kansas


Answer: I'll need to review the Heartland MLS to answer this question, Carol. I'll pull the real estate stats for the past 180 days in the Wilshire Place subdivision.


According to the Heartland MLS the average Wilshire Place subdivision home in Leawood, Kansas       
was listed for $413,000 and sold for $399,500  in 15 days during the past 180 days.

The highest priced home sold for $477,500 and the lowest selling price was $325,000. There are currently no active homes for sale in the Wilshire Place subdivision.




RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


Saturday, May 5, 2012

I have a 2 story home in the Palisade Park subdivision in Olathe, Kansas. I'm thinking about selling my home this summer. Is the real estate market active in the Palisade Subdivision? Olathe, KS. Real Estate For Sale

Question: I have a 2 story home in the Palisade Park subdivision in Olathe, Kansas. I'm thinking about selling my home this summer. Is the real estate market active in the Palisade Subdivision?
Stan B. from Olathe, Kansas






Answer: Thanks for asking Stan. Yes, the Palisade Park subdivision is active. There is actually 3 or 4 subdivisions that make up the Palisade Park area. With your address I can pinpoint the stats for you. For now I will group all of the Palisade Park subdivisions together. 


Over the past 6 months there have been 33 homes for sale. 14 homes have sold, 8 homes are under contract and 11 homes are for sale.


According to the Heartland MLS the average Palisade Park home in Olathe, Kansas       
sold for $186,333 in 152 days during the past 180 days. The highest priced home sold for $265,000.



Currently, it looks like the market is heating up for the Palisade Park subdivisions.






RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


Friday, May 4, 2012

My husband's employer has offered a relocation to Kansas City. We visited Kansas City two weekends ago and we were impressed with the Overland Park subdivision of Wilshire Farms. Are you familiar with Wilshire Farms? Is it a good subdivision and what is the history? Overland Park, Kansas Real Estate

Question: My husband's employer has offered a relocation to Kansas City. We visited Kansas City two weekends ago and we were impressed with the Overland Park subdivision of Wilshire Farms. Are you familiar with Wilshire Farms? Is it a good subdivision and what is the history?
Lori G. from Cleveland, OH.








Answer: Congrats on your relocation to Kansas City, Lori. You'll love Overland Park and if you have school aged children, you'll like the Blue Valley School District also.


Wilshire Farms is a great subdivision in Overland Park, Kansas. It has been one of the hottest luxury subdivisions for the past 4 years and for the past 6 months it has been the hottest subdivision.


According to the Heartland MLS the average Wilshire Farms home in Overland Park, Kansas       
sold for $527,363 in 147 days during the past 180 days.

The highest priced home sold for $793,352 and the lowest selling price was $405,000.



My real estate team has helped a few home buyers and sellers in the Wilshire Farms subdivision and they have all been extremely happy with the area.




RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


Can you solve a debate that we're having at my office? Were are the most million dollar homes selling in Johnson County? I say Mission Hills, my secretary says Leawood and my boss says Overland Park. Who is right? Kansas City Luxury Real Estate

Question: Can you solve a debate that we're having at my office? Were are the most million dollar homes selling in Johnson County? I say Mission Hills, my secretary says Leawood and my boss says Overland Park. Who is right?
Aaron C. from Kansas City


Answer: For the past 6 months, the most million dollar luxury homes have sold in Leawood. Overland Park is second and Mission Hills is third. By the way, these cities are also the top selling million dollar luxury home cities in Johnson County. 




RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


Thursday, May 3, 2012

Home buyer backs out of purchase of Leawood, Kansas home and causes home seller problems - What can be done?

Home buyer backs out of purchase of Leawood, Kansas home and causes home seller problems - What can be done?


Question: I sold my Leawood home with a contingency to close the buyer's home to a home buyer last month.The home buyer had their home sold, it just needed to close. The buyer had also done inspections on my home and requested repairs. I agreed to fix the repairs and I had hired a repairman to fix the requested repairs. Now here is the problem. The buyer backed out of our contract 12 hours before closing. I was told that their buyer backed out. In reality, I just found out during my sons soccer practice that that was not true. The buyers got cold feet and backed out of both deals. The buyer really put me in a bad situation because we had already paid the movers and closed on our home in Overland Park.  Other than keeping the earnest deposit can I sue for damages? 
John M. from Overland Park, Kansas


Answer: Sorry for your real estate problems, John. In a normal situation, John, I would say get your home back on the market and try to sell it as quick as possible. In your situation, since there maybe some expensive damages, I would consult with a real estate attorney.




RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


Is it a good time to sell a home in the Cedar Creek - Southglen subdivision in Olathe, Kansas? Olathe, KS. Real Estate For Sale

Question: Is it a good time to sell a home in the Cedar Creek - Southglen subdivision in Olathe, Kansas?
Anonymous from Olathe, Kansas






Answer: In the past 6 months, 10 homes have been on the real estate market in the Cedar Creek - Southglen subdivision. Although 2 homes have sold and closed during the past 6 months, the market as heated up with 4 homes going under contract. It appears that it is a good time to sell if your home is price correctly. 


According to the Heartland MLS the average Cedar Creek - Southglen subdivision home in Olathe, Kansas sold for $353,500 in 13 days during the past 180 days. The highest priced home sold for $377,000.


We would be happy to help you determine if this is the right time for you to sell your home.


RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


My husband and I drove through the Cedar Creek - Cedar Glen subdivision in Olathe last week and noticed that there are a lot of homes for sale. Are homes selling in the Cedar Creek - Cedar Glenn subdivision? Olathe, KS. Real Estate

Question: My husband and I drove through the Cedar Creek - Cedar Glen subdivision in Olathe last week and noticed that there are a lot of homes for sale. Are homes selling in the Cedar Creek - Cedar Glenn subdivision?
Norma G. from Olathe, Kansas






Answer: After looking at the MLS stats for the Cedar Creek - Cedar Glenn subdivision, I also noticed that there are a lot of homes for sale. Thirteen in all. 


In the past 6 months, 19 homes have been listed for sale, 2 have sold, 4 are currently under contract and 13 are available for sale.


With only 2 homes selling and closing, it appears that homes in the Cedar Creek - Cedar Glenn subdivision are not selling extremely quick. 


According to the Heartland MLS the average Cedar Creek - Cedar Glenn home in Olathe, Kansas       
sold for $347,450 in 67 days during the past 180 days. The highest priced home sold for $385.000.



RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


Despite the real estate market turnaround, I'm getting no offers on my million dollar home. I need to relocate to Dallas. If I don't sell, I will need to rent it. Is there a market for rentals of million dollar homes in Kansas City? It just seems that Kansas City luxury home buyers want new homes.

Question: Despite the real estate market turnaround, I'm getting no offers on my million dollar home. I need to relocate to Dallas. If I don't sell, I will need to rent it. Is there a market for rentals of million dollar homes in Kansas City? It just seems that Kansas City luxury home buyers want new homes.
Janice H. from Kansas City


Answer: Sorry to hear about your problems, Janice. I'm assuming that you have hired an aggressive real estate agent to market your home on the web, so your home maybe priced to high. 


If you can't lower the price or stage your home to beat out the newer luxury homes, you may look into other options like offering financing options.


Many Kansas City luxury home buyers are self employed and may need help in financing. I have seen some home sellers successful by offering a 2nd mortgage, a lease purchase option or owner financing. These options may help get your home sold.


If your home was a little lower in price I would suggest renting out your home until the luxury home market changes. I have been told that there is not a demand for million dollar rental properties in Kansas City, so I would not explore that option.


Not all Kansas City luxury home buyers want new homes. Older million dollar luxury homes sell in Prairie Village, Mission Hills, Old Leawood and Fairway, Kansas. All of these areas have older homes, unless a builder buys a home and tears it down and builds a new home.


Hope this helps, Janice.




RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


I have a million dollar home in Kansas City. I have had 5 REALTORS tell me the past month that it will never sell for what I want out of it because it has metal siding. Should I replace the metal siding with stucco as suggested in order to sell? Kansas City Real Estate

Question: I have a million dollar home in Kansas City. I have had 5 REALTORS tell me the past month that it will never sell for what I want out of it because it has metal siding. Should I replace the metal siding with stucco as suggested in order to sell?
Darlene and Pat D. from Kansas City


Answer: Great question, Darlene and Pat. For some reason metal and vinyl siding never took off here in Kansas City. I would get estimates of different siding materials and weigh whether it is worth installing an expensive stucco material or another siding material versus lowering the price and keeping the metal siding.


I'm sure, unless you have acreage, replacing the siding will probably be a good option.




RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


Wednesday, May 2, 2012

I'm interested in moving to Overland Park and I'm interested in the Nottingham St. Andrews subdivision. What are homes selling for in the Nottingham St. Andrews subdivision? Overland Park, KS. Real Estate

Question: I'm interested in moving to Overland Park and I'm interested in the Nottingham St. Andrews subdivision. What are homes selling for in the Nottingham St. Andrews subdivision?
Stan R. from Overland Park, Kansas


Answer: The Nottingham St. Andrews subdivision is a nice subdivision, Stan.


According to the Heartland MLS the average Nottingham St. Andrews home in Overland Park, Kansas was listed for $447,770 and sold for $432,000 in 92 days during the past 180 days.

The highest priced home sold for $579,000 and the lowest selling price was $325,000.



RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


The top 7 selling cities for luxury homes priced in the $600-900,000 price range in Johnson County the past 6 months are - Real Estate Stats

Question: My wife and I have been looking at 3/4 million dollar luxury homes in Johnson County, Kansas. Where are most of the 3/4 million dollar luxury homes selling? We currently live in Northern Overland Park, Kansas and want to move to a newer area. We would like to stay in the $600-900,000 price range.
Janet P. from Overland Park, Kansas


Answer: Great question, Janet. Although the Northern Overland Park area is a nice area, there  is not many 3/4 million dollar luxury homes there unless you go to the Pinehurst subdivision area. There is also some nice homes spread out through Northern Overland Park like the 65th and Lamar area.


The top 7 selling cities for luxury homes priced in the $600-900,000 price range in Johnson County the past 6 months are:
1) Overland Park, Kansas with 31 homes sold and 20 homes under contract.
2) Leawood, Kansas with 16 homes sold and 16 homes under contract.
3) Olathe, Kansas with 5 homes sold and 7 homes under contract.
4) Mission Hills with 6 homes sold and 4 homes under contract.
5) Lenexa, Kansas with 3 homes sold and 3 homes under contract.
6) Stilwell, Kansas with 4 homes sold.
7) Prairie Village, Kansas with 2 homes sold and 2 homes under contract.


Out of these cities, all but Mission Hills and Prairie Village will have newer homes.






RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


Tuesday, May 1, 2012

This has been a crazy year and now it got worse. I have mice in my kitchen, birds (or something else in my attic) and a raccoon in my storage shed. Who do you recommend to get these animals out? Kansas City Animal Control and Removal

Question: This has been a crazy year and now it got worse. I have mice in my kitchen, birds (or something else in my attic) and a raccoon in my storage shed. Who do you recommend to get these animals out?
Haley K. from Olathe, Kansas


Answer: Sorry to hear about your animal problems, Haley. Unwanted wild animals who get into the home can cause severe damage, so removing the animals is important.


In addition, I have been told that the dust from raccoons and birds can also cause severe allergies.


I recommend Stan Banks from Action Animal Control to remove your wild animals. Stan can be reached at 913-907-5798. Stand will do a great job!




RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


Are homes selling in the Brighton's Landing subdivision in Olathe, Kansas? Olathe, KS. Real Estate for Sale

Question: Are homes selling in the Brighton's Landing subdivision in Olathe, Kansas?
Denise O. from Olathe, Kansas




Answer: Thanks for asking Denise. Yes, homes are selling in the Brighton's Landing subdivision in Olathe, Kansas. Over the past 6 months, 7 homes have sold and 6 homes are under contract.


According to the Heartland MLS the average Brighton's Landing home in Olathe, Kansas       
sold for $311,012 in 139 days during the past 180 days. The highest priced home sold for $412,072.



If you have any additional real estate questions, feel free to contact us anytime, Denise.




RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


I'm thinking about moving to the Coffee Creek Crossing subdivision in Overland Park, Kansas. What are homes selling for and is it a good time to buy in the Coffee Creek Crossing subdivision? Overland Park Real Estate

Question: I'm thinking about moving to the Coffee Creek Crossing subdivision in Overland Park, Kansas. What are homes selling for and is it a good time to buy in the Coffee Creek Crossing subdivision?
Cathy W. from Overland Park, Kansas




Answer: Glad to hear about your possible move, Cathy. You must be excited! The Coffee Creek Crossing subdivision is a very good subdivision in Overland Park, Kansas and in the Blue Valley School District. I'll look at the real estate stats for the past 180 days to answer your questions.


According to the Heartland MLS the average Coffee Creek Crossing home in Overland Park, Kansas sold for $565,088 in 45 days during the past 180 days. Since the subdivision is a new subdivision, the days on the market will not be accurate.

The highest priced home sold for $734,824 and the lowest selling price was $425,000.



Looking at the real estate stats, if you're looking to buy a spec home, it maybe a good time to buy since there is some inventory. I have found that many builders in subdivisions that are in high demand do not negotiate much. In addition, many home buyers in this price range like to custom build rather than buy a spec home if they have the time.


RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


What is the real estate market like in the Olathe subdivision, Arbor Landing? Olathe, Kansas Real Estate

Question: What is the real estate market like in the Olathe subdivision, Arbor Landing?
Janelle K. from Olathe, Kansas


Answer: Great question, Janelle. 


In the past 6 months, 8 homes have been listed for sale in the Arbor Landing subdivision in Olathe, Kansas. 3 homes have sold, 2 homes are currently under contract and 3 homes are currently for sale.


With 3 homes currently for sale and 3 homes that have sold in the past 6 months, there is a 6 month supply of inventory in the Arbor Landing subdivision. This means that the Arbor Landing subdivision is experiencing a buyers market.


According to the Heartland MLS the average Arbor Landing home in Olathe, Kansas       
sold for $272,833 in 55 days during the past 180 days. The highest priced home sold for $298,000.






RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


Monday, April 30, 2012

I need help selling my Northern Overland Park home. My husband is in bad health so I need to downsize homes. The problem is we have had 3 realtors look at our home and they say a home in the downtown Overland Park area will not sell in the 500's. Could you help me sell my home? Overland Park Real Estate

Question: I need help selling my Northern Overland Park home. My husband is in bad health so I need to downsize homes. The problem is we have had 3 realtors look at our home and they say a home in the downtown Overland Park area will not sell in the 500's. Could you help me sell my home?
Anita D. from Overland Park, Kansas




Answer: Sorry to hear about your husband's health and your need to downsize homes in Overland Park. 


Yes, it is true that homes priced in the downtown Overland Park area are selling in the 160's, but the highest priced home has sold for $510,000 in the past 6 months.


After looking at your home my team and I will create a customized marketing plan to help sell your home. I'm sure with a great marketing plan and a correct list price, we'll help you achieve your goal of selling your home in the downtown Overland Park area.




RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


What are homes selling for in the Leawood, KS. subdivision of Bridgewood? Leawood, Kansas Real Estate

Question: What are homes selling for in the Leawood, KS. subdivision of Bridgewood?
Tom J. from Leawood, Kansas
Answer: I'll need to use the MLS to answer your question, Tom. I'll pull the stats for the past 180 days.

According to the Heartland MLS the average Bridgewood home in Leawood, Kansas       

was listed for $611,725 and sold for $567,625 in 101 days during the past 180 days.

The highest priced home sold for $900,000 and the lowest selling price was $430,000. Currently the only active home for sale in Bridgewood is listed at $1,250,000.




RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.


I've been looking at buying a new home in Overland Park, Kansas for the past 5 years. Despite the real estate downturn, the new homes plans we like from certain builders keep going up in price. Why are they going up in price? Shouldn't they go down in price?

Question: I've been looking at buying a new home in Overland Park, Kansas for the past 5 years. Despite the real estate downturn, the new homes plans we like from certain builders keep going up in price. Why are they going up in price? Shouldn't they go down in price?
Dan S. from Overland Park, Kansas


Answer: Great question, Dan. There are quite a few reasons why new homes are going up in price in Overland Park, Kansas. 


1) The new home plans from the new home builders you want are highly desirable floor plans. Higher demand means higher prices. 
2) Despite the real estate downturn, construction materials are still rising.
3) Also despite the real estate downturn, land keeps going up in value. A lot that might of cost $55,000 5 years ago, might cost $80,000 now.
4) New homes in Overland Park are in the Blue Valley school district, which is a highly desirable area for buyers.
5) Although relocation has been down nationally, relocation in Overland Park has still been hot.
6) In addition to construction material cost rising, the cost to build have increased. A recent government study showed that 25% of the cost of a new home has to do with government regulations, permits, planning board requirements and so forth. The cost to develop land has skyrocketed again because of government regulations. The cost of getting a subdivisions approved in Overland Park can take years. I worked on a subdivision back in the 90's. It took 7 years before I was able to sell the first home in the subdivision. The developer had to higher a traffic study engineer, a design engineer, an environmental studies engineer, planning architect and probably more that I didn't know about. 


After the studies the developer had to go the city planning meeting to get plans approved. There would be months before certain studies got approved because of not enough city council members for a vote. It was frustrating for the developer because he was paying engineers to attend after hours meetings and nothing would get accomplished.


Now get this. After all of the approvals by the planning commission didn't mean start building homes. The developer had to get all of the infrastructure in first. Yep, that is right, streets, sewers, telephone, electrical, cable, and drainage all needed to be in before the first foundation  was allowed to be poured. During the whole process a inspectors needed to inspect and of course they came out at a minutes notice. 


Hope this helps Dan. If you have any additional questions, feel free to send them my way.



RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Another blog post written by:
The Real Estate Wizard of Kansas City
The Real Estate Wizards of Kansas City

Comments are appreciated! Go ahead and add your 2 cents . . .
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.
Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill, Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview, Raytown, Waldo and the surrounding Kansas City communities.