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Kansas City real estate and community news blog featuring Olathe and Overland Park, Kansas.
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Kansas City Real Estate Stats - Supply of New Homes Decreases!
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Another blog post written by:
Comments are appreciated! Go ahead and add your 2 cents . . .
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Kansas City Real Estate Stats - Pending Home Sales of New Homes Increases to 228 New Homes Under Contract
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Another blog post written by:
Comments are appreciated! Go ahead and add your 2 cents . . .
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Kansas City Real Estate Stats - New Home Inventory Slides to 1,169 New Homes Available For Sale
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Another blog post written by:
Comments are appreciated! Go ahead and add your 2 cents . . .
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Kansas City Real Estate Stats - New Home Sales Increase Again!
New home sales in Kansas City totaled 178 homes sold.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Another blog post written by:
Comments are appreciated! Go ahead and add your 2 cents . . .
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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 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.
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Question: I hear that it is nearly impossible to obtain a loan on a new home right now. How are home buyers buying homes in Johnson County, Kansas?Derrick L. from Lenexa, Kansas
Answer: Great question, Derrick. Although, it is more difficult to obtain a new home mortgage than it was 3 years ago, home buyers are obtaining home mortgages. Out of 39 new homes sold in January 76% of the new home purchases were bought with conventional financing. Only 5% of the new homes bought in January were bought with cash.
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 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.
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Kansas City Real Estate New Home Sales Stats - New Home Sales Continue Upward Trend in Sales
New home sales in Kansas City has continued with its upward tick. Although new home sales are still lower than the past summer, new home sales have continued their upward swing. In October there were 128 new homes sold. November new homes increased by 8 homes sold to 126 homes. December new homes increased another 11 homes sold to 147.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today! 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.
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Kansas City Real Estate Stats - The New Home Real Estate Market is a Buyers Market
Although there has been a dip in new home inventory in Kansas City, the new home real estate market is a strong buyers buyers market.
A sellers market is considered a real estate market that the supply of real estate inventory for sale is less than a 6 months supply. A Buyers market is a real estate market that is considered to have more than a 6 months supply of real estate inventory.
Currently there is a 8.8 months supply of new homes for sale. This is lower than the 9+ months supply of real estate inventory for sale this past summer.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today!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.
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Kansas City Real Estate Stats - The New Home Real Estate Market is a Buyers Market
Although there has been a dip in new home inventory in Kansas City, the new home real estate market is a strong buyers buyers market.
A sellers market is considered a real estate market that the supply of real estate inventory for sale is less than a 6 months supply. A Buyers market is a real estate market that is considered to have more than a 6 months supply of real estate inventory.
Currently there is a 8.8 months supply of new homes for sale. This is lower than the 9+ months supply of real estate inventory for sale this past summer.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today!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.
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Kansas City Real Estate Stats - The New Home Real Estate Market is a Buyers Market
Although there has been a dip in new home inventory in Kansas City, the new home real estate market is a strong buyers buyers market.
A sellers market is considered a real estate market that the supply of real estate inventory for sale is less than a 6 months supply. A Buyers market is a real estate market that is considered to have more than a 6 months supply of real estate inventory.
Currently there is a 8.8 months supply of new homes for sale. This is lower than the 9+ months supply of real estate inventory for sale this past summer.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today!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.
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Kansas City Real Estate Stats - The New Home Real Estate Market is a Buyers Market
Although there has been a dip in new home inventory in Kansas City, the new home real estate market is a strong buyers buyers market.
A sellers market is considered a real estate market that the supply of real estate inventory for sale is less than a 6 months supply. A Buyers market is a real estate market that is considered to have more than a 6 months supply of real estate inventory.
Currently there is a 8.8 months supply of new homes for sale. This is lower than the 9+ months supply of real estate inventory for sale this past summer.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today!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.
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Kansas City Real Estate Stats - The New Home Real Estate Market is a Buyers Market
Although there has been a dip in new home inventory in Kansas City, the new home real estate market is a strong buyers buyers market.
A sellers market is considered a real estate market that the supply of real estate inventory for sale is less than a 6 months supply. A Buyers market is a real estate market that is considered to have more than a 6 months supply of real estate inventory.
Currently there is a 8.8 months supply of new homes for sale. This is lower than the 9+ months supply of real estate inventory for sale this past summer.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today!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.
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Kansas City Real Estate Stats - The New Home Real Estate Market is a Buyers Market
Although there has been a dip in new home inventory in Kansas City, the new home real estate market is a strong buyers buyers market.
A sellers market is considered a real estate market that the supply of real estate inventory for sale is less than a 6 months supply. A Buyers market is a real estate market that is considered to have more than a 6 months supply of real estate inventory.
Currently there is a 8.8 months supply of new homes for sale. This is lower than the 9+ months supply of real estate inventory for sale this past summer.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today!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.
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Kansas City Real Estate Stats - The New Home Real Estate Market is a Buyers Market
Although there has been a dip in new home inventory in Kansas City, the new home real estate market is a strong buyers buyers market.
A sellers market is considered a real estate market that the supply of real estate inventory for sale is less than a 6 months supply. A Buyers market is a real estate market that is considered to have more than a 6 months supply of real estate inventory.
Currently there is a 8.8 months supply of new homes for sale. This is lower than the 9+ months supply of real estate inventory for sale this past summer.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today!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.
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Kansas City Real Estate Stats - The New Home Real Estate Market is a Buyers Market
Although there has been a dip in new home inventory in Kansas City, the new home real estate market is a strong buyers buyers market.
A sellers market is considered a real estate market that the supply of real estate inventory for sale is less than a 6 months supply. A Buyers market is a real estate market that is considered to have more than a 6 months supply of real estate inventory.
Currently there is a 8.8 months supply of new homes for sale. This is lower than the 9+ months supply of real estate inventory for sale this past summer.
RE/MAX sells more homes than any other real estate company.For a reason...should we talk?Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty Comments are appreciated! Go ahead and add your 2 cents . . .We have 3 easy steps to find you the perfect home . Click here to get started, today!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.
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