Wow, what a difference the weather made! With the recent sunshine and warmer weather, home owners are rushing to list their homes across the Metro area for the popular spring and summer selling season. The new listings increased the available inventory in Johnson County by over 12%; 7%+ in the Metro. The increase in listings are coming right at the time when first-time home buyers are really getting busy and serious about buying before the April 30 tax credit deadline. There are many new listings in all price ranges and styles of homes!
In Olathe there were 191 new listings in February and 146 through March 14. The 337 new listings ranged in price from $60,000 - $1,499,900.
The table below shows some of the subdivisions with new listings (there are many more) along with the total number of listings and price ranges for those subdivisions.
Subdivision | No. of New Listing Feb. – Mar. 14 | Price Range | Total No. of All Listings | Price Range |
Arlington Park | 3 | $195,000 – 200,000 | 6 | $192,500 – 245,000 |
Asbury Estates | 5 | $194,000 – 259,900 | 5 | $194,000 - 259,900 |
Brighton’s Landing | 6 | $319,000 – 425,000 | 9 | $319,950 – 425,000 |
Havencroft | 10 | $126,000 – 187,500 | 14 | $126,000 – 190,000 |
Nottingham H. Park | 4 | $413,600 – 465,000 | 6 | $400,000 – 465,000 |
Oak Run Meadows | 4 | $164,950 – 164,950 | 4 | $164,950 – 164,950 |
Palisades Park | 6 | $189,950 – 299,900 | 8 | $189,950 – 339,500 |
Scarborough | 9 | $152,000 – 238,950 | 10 | $152,000 – 238,950 |
Woodland Creek | 4 | $193,900 – 249,000 | 6 | $400,000 – 465,000 |
Quick Facts for Johnson County from January:
· 25% of homes sold in 30 days or less and another 22% were sold in days 31-60.
· 10% of homes sold were bought with cash, 25% with FHA financing and 59% with a conventional loan.
The deadline to qualify for the “first-time home buyer’s credit” and the “repeat- buyers credit” is April 30; interest rates are still very attractive.
Jim Krause
Reece and Nichols
913-575-0042
For a video explanation of the Home Buyers Credit, click on “$$$$ Tax Credit Information” at this link:
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