Overland Park Real Estate market update 08 23 2011 for $400K+ price range

Overview of Overland Park KS Real Estate Market as of August 23rd, 2011 for the $400,000+ Market

Executive summary of Overland Park Real Estate

• The amount of homes on the market is relatively steady
• The number of homes selling is slightly down
• It is the end of summer- historically a bit slower
• Interest rates are at crazy low levels
• Buyers AND sellers are getting into action

Overland Park KS homes for sale $400,000 or more

• 224 – Overland Park KS homes for sale $400,000 or more
• 194 – Homes in Overland Park KS sold in last 6 months ($400,000+ asking price) sales are steady
• 32.3 – Average number of homes sold per month in Overland Park KS over the last 6 months
• 6.9 – Months of Overland Park KS housing inventory based on current supply and recent demand
• Overland Park KS Real Estate Market in the $400K+ price range is Buyer advantaged based on current supply and recent demand
• Most often there are significant variations in the above stats based on price range
• Overland Park Real Estate Market prices for sale range start at $400,000 and go to $2,600,000 – thanks in part to the recent addition of Wolf Valley Ranch to the City of Overland Park
• Overland Park Real Estate actual sales prices (for those with a $400K asking price) ranged from $368,000 to $1,962,500 in the last 6 months ($400,000+ asking price)
  • Popular subdivisions in this price range include
    • LionsGate
    • Wilshire Farms
    • Brookwood Estates
    • Bluestem
    • Brookwood Estates
    • Coffee Creek Crossing
    • Colton Lakes
    • Deer Creek with an impressive 9 sales
    • Deer Valley
    • Nottingham by the Green
    • Nottingham Forest
    • Nottingham Forest South
    • Nottingham St. Andrews (also very popular with 6 sales)
    • The Wilderness
  • Luxury Subdivisions in the price range include
    • Wolf Valley
    • The Links at LionsGate
    • Mills Farm
    • Summerwood
    • Town and Country Manor
    • Estates of GlenEagles
    • Rockwood Falls Estates
    • Polo Fields
    • Wilderness Valley

Central Location in Metro Kansas City

• Sought after address
• Eastern Location in Johnson County KS
• Just minutes to world class shopping, restaurants, and entertainment at the County Club Plaza
• Quick drive to downtown Kansas City
• Easy access to Highways
• Overland Park has great shopping, entertainment, and restaurants
• Accessible to Downtown Kansas City
• Close enough to Country Club Plaza to go every weekend