Shawnee Kansas, suburban Kansas City, Real Estate Market Update February 22nd, 2010
Overview of Shawnee KS Real Estate Market
- 336 Shawnee KS homes for sale
- 377 Shawnee KS Homes sold in last 6 months
- Over 62 Shawnee KS homes sold per month for the last 6 months
- Just over 5 months of inventory based on current supply and recent demand
- Overall Shawnee KS Real Estate Market is Neutral based on supply and demand
- Most often there are significant variations in the above stats based on price range
Shawnee KS is a large and growing city in suburban Kansas City with a bunch of homes for sale. Let's break down the Shawnee real estate market by price range.
Shawnee KS homes for sale at $150,000 or less
As of February 22nd, 2010 there are 59 Shawnee homes listed for sale in suburban Kansas City in Johnson County with an asking price of $150,000 or less. Since August 22nd, 2009 88 single family homes have sold in Shawnee, KS at $150,000 or less. Seller advantage helped by the tax credit and tax credit extension. The under $150K is a hot housing market for Shawnee KS right now.
Homes for sale in Shawnee KS from $150,000 to $225,000
As of February 22nd, 2010 there are 119 Shawnee homes listed for sale in suburban Kansas City in Johnson County with an asking price between $150,000 and $225,000 . Since August 22nd, 2009 158 single family homes have sold in Shawnee, KS at between $150,000 and $225,000. Seller advantage. Demand is exceeding supply, but the demand was likely inflated by original cut off of the $8000 tax credit, which has since been extended.
Shawnee KS Homes for sale priced between $225,000 to $300,000
As of February 22nd, 2010 there are 63 Shawnee homes listed for sale in suburban Kansas City in Johnson County with an asking price between $225,000 and $300,000 . Since August 22nd, 2009 63 single family homes have sold in Shawnee, KS at $250,000 or less. Neutral Shawnee KS Housing market in this price range - inventory is balanced compared to supply.
Homes for sale in Shawnee KS from $300,000 to $450,000
As of February 22nd, 2010 there are 72 Shawnee KS homes listed for sale in suburban Kansas City in Johnson County listed at $300,000 to $450,000. Since August 22nd, 2009 67 homes have sold in Shawnee, KS between $300,000 and $450,000. Netural Market with demand at roughly six months supply of homes -edging towards a slight buyer advantage
Shawnee KS homes for sale between $450,000 or more
As of February 22nd, 2010 there are 32 Shawnee KS homes listed for sale in metro Kansas City in Johnson County listed at $450,000 or more. Since August 22nd, 2009 8 homes have sold in Shawnee KS when the asking price was $450,000 or more. This is over a years worth of inventory based on recent demand. Buyers Advantage. Buyers in this price range may also be considering homes in Overland Park Kansas or Leawood Kansas.
Search Shawnee KS home values
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 / $6,500 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, CRS, ABR, CLHMS, ePRO, CSP
Jansen Realty Group, Inc.
Phone 913-908-2215 Fax 913-273-1201
email Ken@KansasCityRealEstate411.com
website www.KansasCityRealEstate411.com
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