Leawood Kansas, suburban Kansas City, Real Estate Market Update August 1st, 2009

Leawood Kansas, suburban Kansas City, Real Estate Market Update August 1st, 2009

Leawood is a large and growing city in Kansas with quite a variety of homes for sale. Let's break down the Leawood real estate market by price range.

How many homes are for sale in Leawood at or under $250,000?

As of August 1st, 2009 there are 18 homes listed for sale in Leawood Kansas, suburban Kansas City in Johnson County listed at $250,000 or less. Since March 1st 18 single family homes have sold in Leawood, KS at $250,000 or less. This is the definition of a neutral or average market conditions.

How many homes are for sale in Leawood from $250,000 to $450,000?

As of August 1st, 2009 there are 111 homes listed for sale in Leawood Kansas, suburban Kansas City in Johnson County listed at $250,000 to $450,000. Since January 1st, 2009 91 homes have sold in Leawood, KS between $200,000 and $350,000. Based on the rate of absorbtion of inventory with recent demand levels for housing in Leawood, this is getting close to a more balanced or neutral market, but the slight advantage goes to the buyers at this point.

How many homes are for sale in Leawood from $450,000 to $700,000?

As of August 1st, 2009 there are 96 homes listed for sale in Leawood Kansas, suburban Kansas City in Johnson County listed at $450,000 to $700,000. March 1st 2009 47 homes have sold in Leawood, KS between $450,000 and $700,000. This is nearly a years worth of inventory based on recent demand. Buyers Advantage.

How many homes are for sale in Leawood from $700,000 to $1,000,000?

As of August 1st, 2009 there are 40 homes listed for sale in Leawood Kansas, suburban Kansas City in Johnson County listed at $700,000 to $1,000,000. Since March 1st 2009 13 homes have sold in Leawood, KS between $700,000 and $1,000,000. With roughly a year and half of inventory available based on current demand, this is a strong buyers market,

How many homes are for sale in Leawood for $1,000,000 or more?

As of August 1st, 2009 there are 48 homes listed for sale in Leawood Kansas, suburban Kansas City in Johnson County listed at $1,000,000 or more. Since March 1st, 2009 14 homes have sold in Leawood, KS at the Millions Dollar plus luxury home price point. Even in Leawood a supply greater than 18 months compared to demand is a definate buyer's market.

How much is my Leawood home worth?

The trend is picking up as far as sales volume. Credit is getting slighly easier to obtain although it will not return, at least anytime soon, to the easy credit access of 2003-2005. Those days are long gone.

Buyers are very interested in the $8,000 tax credit which is spurring interest in the market. This seems to be especially true for the under $250,000 price range.

In General, interest rates are at or near generational lows, assuming you have good credit. Now is a great time to buy, while activity is starting up and there is time to get your low low low interest rate locked in.

Ken Jansen Broker Associate, CRS, ABR, CLHMS, ePRO, CSP

Keller Williams Realty Partners, Inc. Leawood KS 66210

Phone 913-908-2215 Fax 913-744-2714

email Ken@KenJansenSellsHomes.com

website www.KansasCityRealEstate411.com