This Gem of an early 20th Century home - located halfway between Lawrence, Kansas, and the Kansas City Metro in De Soto, KS (66018) - combines the charm of a mature setting with the convenience of modern life.
Features of this beautiful home include a Master Suite on the main level, a new roof and vinyl siding in 2013, a new water heater (6 Mo), updated electrical and plumbing, ceramic tile in the kitchen, dining and laundry rooms, wood floors, multiple built-ins and MORE.
Situated on an elevated lot overlooking Miller Memorial Park, you will have a great view of baseball games on summer evenings from your own porch swing, all while sipping from your favorite cold beverage. The park also offers picnic areas, a playground, and courts for basketball, volleyball and tennis. Truly convenient for keeping active or entertaining friends and family!
Sellers are offering special terms during the first 30 days home is listed and have put a One Year Home Warranty from Old Republic in place for the future owner.
100% Financing through USDA and other Kansas City area programs are also available so call Dwight at 913-912-3470 for additional information!
Thursday, February 6, 2014
Friday, November 15, 2013
Home For Sale: 16782 W 155th Terrace in Olathe KS 66062
This 2-Story home for sale in Olathe's Heritage Glen Subdivision featuring tall ceilings and eight oversized windows is full of natural light and room for entertaining. The large deck has easy access from main level living areas and leads to a manageable back lawn surrounded by wooden fencing and beautiful trees.
An open floor plan on the main level allows for easy flow and interaction with family and friends from kitchen to living room to formal dining room. The Master Bedroom offers more space than most similar homes in the neighborhood (17X14) and features a 13x8 Walk-In Closet along with a fully updated Master Bath & Shower.
For more information about this Heritage Glen Home for sale in Olathe or to schedule your showing, please call Dwight Goodwin at 913-912-3470!
An open floor plan on the main level allows for easy flow and interaction with family and friends from kitchen to living room to formal dining room. The Master Bedroom offers more space than most similar homes in the neighborhood (17X14) and features a 13x8 Walk-In Closet along with a fully updated Master Bath & Shower.
For more information about this Heritage Glen Home for sale in Olathe or to schedule your showing, please call Dwight Goodwin at 913-912-3470!
Tuesday, October 8, 2013
Dwight Goodwin and Joey Jones Discuss VA Home Loans for Veterans
One of the easiest way for veterans or active-duty service members to purchase a house is via the VA Home Loan. In this video Dwight Goodwin and Joey Jones of Veterans United discuss the features and requirements of the VA Home Loan.
The VA Home Loan is a 100% financing government-backed loan that features no down payment and no PMI. It allows the active-duty service member or qualifying veteran the opportunity to purchase a home with minimal money up-front. Although there is no down payment requirement, there are still some costs associated such as earnest money, home inspections, etc.
Contact Joey Jones at vajoeyjones.com for more information about the VA Home Loan or Dwight Goodwin at 913-912-3470 to discuss your real estate needs.
To search for home in the Kansas City area, please visit dwightgoodwin.kwrealty.com!
The VA Home Loan is a 100% financing government-backed loan that features no down payment and no PMI. It allows the active-duty service member or qualifying veteran the opportunity to purchase a home with minimal money up-front. Although there is no down payment requirement, there are still some costs associated such as earnest money, home inspections, etc.
Contact Joey Jones at vajoeyjones.com for more information about the VA Home Loan or Dwight Goodwin at 913-912-3470 to discuss your real estate needs.
To search for home in the Kansas City area, please visit dwightgoodwin.kwrealty.com!
Tuesday, October 1, 2013
Real Estate 101: What is Earnest Money and why do I have to pay it?
The Real Estate 101 series is a short focus video segment focusing on purchase contracts and customary practices in the Johnson County Kansas real estate market.
In this edition, we focus on the Earnest Money Deposit (EMD), its function and purpose. Earnest money is very similar to the concept of a down payment on an item. It is what provides peace of mind and a sense of security to the seller that you are serious about completing the purchase of the home.
If you are a first time home buyer and considering purchasing your first home, earnest money is one of many topics you will want to understand. Contact Dwight Goodwin today (913-912-3470) for additional home buyer resources!
In this edition, we focus on the Earnest Money Deposit (EMD), its function and purpose. Earnest money is very similar to the concept of a down payment on an item. It is what provides peace of mind and a sense of security to the seller that you are serious about completing the purchase of the home.
If you are a first time home buyer and considering purchasing your first home, earnest money is one of many topics you will want to understand. Contact Dwight Goodwin today (913-912-3470) for additional home buyer resources!
Tuesday, September 24, 2013
What home sellers learn from the latest MLS Statistics for the Johnson C...
What does the average home buyer look like from a numbers perspective in Johnson County, Kansas? Looking closely at the latest statistics from the Heartland MLS, here are some things we can learn:
Home buyers come to the table with a variety of financing packages. The most common is conventional financing, which generally requires 5-20% down. In August, 67% of all Johnson County home buyers used this type of financing. One might think government FHA financing with 3.5% down would be second, but that is not correct. Actually, 14% of all sales were cash, while 13% were via FHA financing. VA loans came in at 4.5% of the market.
With home sales still up 15% year-to-date, there is still time to take advantage of the fall season to sell your house. For a thorough market analysis and to explore putting your house on the market, give Dwight Goodwin a call at 913-912-3470 Today!
- More than 51% of all homes sold in August had four or more bedrooms. Of these home sales, 23% were in the $200,000 to $249,999 price bracket, making this the hottest price bracket in the county.
- The best price point for 3-bedroom home sales in August was the $160,000 to $179,999 bracket.
- 42.5% of homes sold in 0-30 days
- 26% in 31-60 days
- 15% in 61-90 days
- After 90 days, a seller's chances of selling dwindle dramatically into the single digits.
Home buyers come to the table with a variety of financing packages. The most common is conventional financing, which generally requires 5-20% down. In August, 67% of all Johnson County home buyers used this type of financing. One might think government FHA financing with 3.5% down would be second, but that is not correct. Actually, 14% of all sales were cash, while 13% were via FHA financing. VA loans came in at 4.5% of the market.
With home sales still up 15% year-to-date, there is still time to take advantage of the fall season to sell your house. For a thorough market analysis and to explore putting your house on the market, give Dwight Goodwin a call at 913-912-3470 Today!
Monday, September 16, 2013
Impact of USDA Boundary Changes and Gardner-Edgerton Intermodal on Johns...
The times... they are a'changing!
There are BIG CHANGES in the Johnson County Kansas real estate market as the BNSF Intermodal and Logistics Park KC are scheduled to begin operations in the next several weeks, while USDA lending boundaries are set to change on October 1st.
Located in the small town of Edgerton, Kansas, in southwestern Johnson County, the Intermodal is expected to hire 500 direct employees and anywhere from 7,000 to 15,000 indirect employees, depending on which source you read. While large-scale relocation to Johnson County is not expected in the near future, there already appears to be an uptick in housing prices in nearby Gardner.
Until now, Gardner, Edgerton and all points south have been eligible for USDA rural development home loans. As of October 1st, those boundaries will be extended making previously eligible areas unavailable. In this video, Rick Woodruff of Metropolitan Mortgage (913-266-5800) shows the new USDA boundaries and discusses other types of financing available in these areas.
Although It is self-evident that the small town of Edgerton is in for sizable growth in business and housing as we move forward, it is equally as clear that the cities of Gardner, Spring Hill and Olathe are positioned to benefit early in the process from the perspective of existing infrastructure and housing.
During the housing crisis beginning in 2007-2008, the Gardner and Spring Hill markets in particular, suffered annual declines in real estate between 3-7% depending on specific location. The most recent statistics available reveal that Gardner sellers are now receiving more than 97% of Original List Price.
Please reach out to us today for up-to-date market information and for your next steps to purchasing a home in Johnson County, Kansas. We look forward to earning your business (913-912-3470) and helping you find the right home for you and your family!
Monday, September 9, 2013
September 2013 Real Estate Market Update for Johnson County Kansas
It has been a great year for real estate and that trend continues as autumn approaches...
The average sales price in Johnson County Kansas is up 5% in the past 12 months, creating great opportunity for home sellers. With 20.6% fewer listings than a year ago and 15.3% more sales, limited inventory continues to be a challenge. This is why price pressure is up and many areas around Johnson County are leaning towards a seller's market.
Although interest rates have climbed from the all-time lows of 2012, they are still at near-historical lows. Bottom line? It's now a win-win for Sellers AND Buyers to take the next step... Call us today (913-912-3470) and let us provide the expertise to Make It Happen!
What are the hottest zip codes and areas in the Johnson County Kansas market?
As of the July statistics, Gardner (66030), Olathe (66061, 66062), Overland Park (66213, 66221, 66224, 66225), Lenexa (66227), Shawnee (66218, 66220, 66226) and Stilwell (66085) are all seeing average sold prices exceeding 97% of original list price.
Please call us today to receive a no-obligation market analysis of your home. Call 913-912-3470!
The average sales price in Johnson County Kansas is up 5% in the past 12 months, creating great opportunity for home sellers. With 20.6% fewer listings than a year ago and 15.3% more sales, limited inventory continues to be a challenge. This is why price pressure is up and many areas around Johnson County are leaning towards a seller's market.
Although interest rates have climbed from the all-time lows of 2012, they are still at near-historical lows. Bottom line? It's now a win-win for Sellers AND Buyers to take the next step... Call us today (913-912-3470) and let us provide the expertise to Make It Happen!
What are the hottest zip codes and areas in the Johnson County Kansas market?
As of the July statistics, Gardner (66030), Olathe (66061, 66062), Overland Park (66213, 66221, 66224, 66225), Lenexa (66227), Shawnee (66218, 66220, 66226) and Stilwell (66085) are all seeing average sold prices exceeding 97% of original list price.
Please call us today to receive a no-obligation market analysis of your home. Call 913-912-3470!
Wednesday, July 31, 2013
Home for Sale: 21709 W 52nd St in Shawnee Kansas 66226
Beautiful Home for Sale in Shawnee Kansas' Deerfield Trace Subdivision (66226)!
Open the front door and fall in love! Stunning Atrium Split features vaulted ceilings, hardwoods & Open Floor Plan perfect for entertaining! Huge Kitchen boasts cabinet space galore, pantry & kitchen island. Dining Area overlooks large Lower Level family room with Walk Out to patio. Laundry on bedroom level, landscaping & In-Ground Sprinkler system = icing on the cake!
It's the details that make a buyer fall in love with a home, and this one has plenty of details, including hardwoods, plantation shutters, Hunter Douglas blinds, and an in-ground sprinkler system. Radon mitigation has already been done on this home and the seller is offering a home warranty from Old Republic with an acceptable offer.
For more details or to schedule a showing, call Dwight at 913-912-3470.
Open the front door and fall in love! Stunning Atrium Split features vaulted ceilings, hardwoods & Open Floor Plan perfect for entertaining! Huge Kitchen boasts cabinet space galore, pantry & kitchen island. Dining Area overlooks large Lower Level family room with Walk Out to patio. Laundry on bedroom level, landscaping & In-Ground Sprinkler system = icing on the cake!
It's the details that make a buyer fall in love with a home, and this one has plenty of details, including hardwoods, plantation shutters, Hunter Douglas blinds, and an in-ground sprinkler system. Radon mitigation has already been done on this home and the seller is offering a home warranty from Old Republic with an acceptable offer.
For more details or to schedule a showing, call Dwight at 913-912-3470.
For Sale: 7313 Halsey St in Governor's Square - Shawnee KS
This 4 bedroom, 2 1/2 bath home for sale in the Governor's Square subdivision of Shawnee, Kansas, is a side to side split with the Master Bedroom occupying the top floor. This home features new tile and carpet in the Master, new tile in the kitchen and a newer HVAC system.
A bright and cheery main level features gorgeous hardwoods (LR and DR) and a vaulted ceiling in the Living Room. Enjoy summer evenings under mature shade trees on the beautiful deck or on the adjacent patio accessible from the Lower Level Walk Out. Master Suite is on its own level and features new carpet and tile. Laundry in 1/2 bath on LL, not in sub-basement!
Home also features recent updates such as fresh paint on the exterior and many rooms on the interior. Seller invested in new carpet on stairs and hallways & installed beautiful 18x18 inch tile in the kitchen. Home also boasts newer HVAC system with transferrable warranties plus a 1YR HMS Home Warranty with an acceptable offer.
Call today (913-912-3470) for more information or to schedule a showing!
A bright and cheery main level features gorgeous hardwoods (LR and DR) and a vaulted ceiling in the Living Room. Enjoy summer evenings under mature shade trees on the beautiful deck or on the adjacent patio accessible from the Lower Level Walk Out. Master Suite is on its own level and features new carpet and tile. Laundry in 1/2 bath on LL, not in sub-basement!
Home also features recent updates such as fresh paint on the exterior and many rooms on the interior. Seller invested in new carpet on stairs and hallways & installed beautiful 18x18 inch tile in the kitchen. Home also boasts newer HVAC system with transferrable warranties plus a 1YR HMS Home Warranty with an acceptable offer.
Call today (913-912-3470) for more information or to schedule a showing!
Wednesday, March 27, 2013
Home for Sale in Gardner KS - A 2001 Parade of Homes true Ranch Entry
This home for sale in Gardner's Fountain Gate Subdivision was a 2001 Parade of Homes entry. From custom over-sized Rimple oak cabinets to tongue & groove hardwood floors, porcelain tile, a 200Amp Electrical Panel,10-Ft ceilings and energy efficient windows, this home exudes quality and was built to last. Impeccably maintained, the seller also is offering a 1-Yr Home Warranty from HMS with an acceptable contract!
The full basement doubles the square footage of the home & has potential for a 4th bedroom (egress window). The current owner's barbershop area has a sink, toilet & is stubbed for a shower. It is heated by a separate Williams Electric Counterflow wall furnace that offers plenty of heat.
For more information on this home or to schedule a showing, call Dwight at 913-912-3470. Also call us if you are looking to buy or sell a home in Johnson County, Kansas. We look forward to the opportunity to earn your business!
The full basement doubles the square footage of the home & has potential for a 4th bedroom (egress window). The current owner's barbershop area has a sink, toilet & is stubbed for a shower. It is heated by a separate Williams Electric Counterflow wall furnace that offers plenty of heat.
For more information on this home or to schedule a showing, call Dwight at 913-912-3470. Also call us if you are looking to buy or sell a home in Johnson County, Kansas. We look forward to the opportunity to earn your business!
Home for Sale in Overland Park's Cunningham Heights
Located just blocks off Metcalf Avenue and I-35, this home for sale in Overland Park's Cunningham Heights is a rare find indeed! Thanks to the large 2002 addition and high caliber of upgrades, this spacious home rivals its southern Johnson County competitors in quality and ambience - and is more centrally located to many KC-Area attractions like the Plaza, the P&L District and the Truman Sports Complex.
In addition to an Open Floor Plan, the large Master Suite, and impressive Covered Deck, this home also offers the perfect setup for a Home-Based Business via dedicated office space on the Lower Level. Separate quarters for mom, dad or an adult child is a viable alternative as well. For more information on this home for sale in Overland Park, Kansas, call us today at 913-912-3470!
In addition to an Open Floor Plan, the large Master Suite, and impressive Covered Deck, this home also offers the perfect setup for a Home-Based Business via dedicated office space on the Lower Level. Separate quarters for mom, dad or an adult child is a viable alternative as well. For more information on this home for sale in Overland Park, Kansas, call us today at 913-912-3470!
Monday, February 4, 2013
Using your IRA to Build Real Estate Wealth via Non-Recourse Loans
Calling all investors... Looking for a way to purchase more properties, pay fewer taxes and beat the 10-loan limit imposed by Fannie Mae?
Here it is... tax-deferred and non-recourse!
Many investors are aware that they can use cash from their IRAs to purchase real estate. Fewer are aware that non-recourse loans are available to do the same.
For those who may be unfamiliar with the concept, a non-recourse loan is one where there is no personal guarantee and a loan decision is made based on the income stream of the property.
For the newbie investor, this means you won't need to use your credit or income/debt ratios to qualify for the loan. For the pro, this offers you an opportunity to exceed the Fannie Mae 10-loan limit and have your profits tax-deferred.
For a short list of requirements and to be put in contact with the IRA and tax professionals who can get you started, give us a call at 913-912-3470.
Here it is... tax-deferred and non-recourse!
Many investors are aware that they can use cash from their IRAs to purchase real estate. Fewer are aware that non-recourse loans are available to do the same.
For those who may be unfamiliar with the concept, a non-recourse loan is one where there is no personal guarantee and a loan decision is made based on the income stream of the property.
For the newbie investor, this means you won't need to use your credit or income/debt ratios to qualify for the loan. For the pro, this offers you an opportunity to exceed the Fannie Mae 10-loan limit and have your profits tax-deferred.
For a short list of requirements and to be put in contact with the IRA and tax professionals who can get you started, give us a call at 913-912-3470.
Thursday, December 20, 2012
Dwight Goodwin Presents the 2012 Real Estate Market Year in Review for J...
Our final Market Report for 2012 shows a 23% increase in closed sales Year-to-date in Johnson County Kansas. The average sales price county-wide is up 2%, with areas closer in to the Kansas City Metro generally outperforming outlying areas of the county.
Real estate inventory remains much lower than 12 months ago - between 3-5 months in much of the county. In fact, both prices and inventory have stabilized sufficiently to make this the most competitive environment for sellers since 2006. Normally, these numbers would indicate a shift to strictly a sellers' market; however, perpetually low interest rates continue to make this a win-win environment for buyers and sellers alike.
Contact us today at 913-912-3470 to get your questions answered so we can move you forward in 2013!
Real estate inventory remains much lower than 12 months ago - between 3-5 months in much of the county. In fact, both prices and inventory have stabilized sufficiently to make this the most competitive environment for sellers since 2006. Normally, these numbers would indicate a shift to strictly a sellers' market; however, perpetually low interest rates continue to make this a win-win environment for buyers and sellers alike.
Contact us today at 913-912-3470 to get your questions answered so we can move you forward in 2013!
Monday, October 15, 2012
Dwight Goodwin says "Stop, Look and Listen" before Waiting for Spring to...
Home sellers will want to consider staying in the market this fall and winter. Conventional wisdom often suggests there are fewer home buyers in late fall and winter, leading many sellers to take their homes off the market and wait for spring.
While home inventory did drop 30-40 percent last winter, home sales increased dramatically in the same period. Many of those who stayed in the market SOLD their homes quickly and were able to take advantage of the spring listing period to buy their next home.
The latest statistics released on October 15, 2012, show that a seasonal slowdown may already be occurring. One indicator is that Johnson County home sales for September mirrored the closed home sales from September of 2011. Another? A month ago, closed sales were up 24% YTD; this month the data indicates closed sales are up 21% YTD.
The skeptical seller might say that the decrease above is a good reason to follow conventional wisdom and wait it out until spring. What is missing in the picture is the fact that there is under three months of inventory in the marketplace county wide (and buyer demand remains high). Even the slower areas of Johnson County are under four months of home inventory - a far cry from the 6-9 months we were experiencing just a year ago.
Call us today for an evaluation of your home and neighborhood (913-912-3470) and let's get your house SOLD sooner rather than later!
Search for your dream home in Johnson County KS Here!
While home inventory did drop 30-40 percent last winter, home sales increased dramatically in the same period. Many of those who stayed in the market SOLD their homes quickly and were able to take advantage of the spring listing period to buy their next home.
The latest statistics released on October 15, 2012, show that a seasonal slowdown may already be occurring. One indicator is that Johnson County home sales for September mirrored the closed home sales from September of 2011. Another? A month ago, closed sales were up 24% YTD; this month the data indicates closed sales are up 21% YTD.
The skeptical seller might say that the decrease above is a good reason to follow conventional wisdom and wait it out until spring. What is missing in the picture is the fact that there is under three months of inventory in the marketplace county wide (and buyer demand remains high). Even the slower areas of Johnson County are under four months of home inventory - a far cry from the 6-9 months we were experiencing just a year ago.
Call us today for an evaluation of your home and neighborhood (913-912-3470) and let's get your house SOLD sooner rather than later!
Search for your dream home in Johnson County KS Here!
Dwight Goodwin on the Continued Market Shift in Johnson County KS - Sept 2012
A huge market shift continues to occur in the Johnson County KS real estate market. A significant drop in homes being listed (down 22% YTD) coupled with a great rate environment for buyers has resulted in a huge increase in closed sales (up 24% YTD) in the local real estate market.
Just one year ago, many areas in the county had 7-9 months of home inventory and buyers were king. While buyers are still big winners due to the low interest rate environment and 5+ years of price declines, sellers with sufficient equity are now able to move their houses more quickly at terms more favorable.
The average Days on Market are down 30 days per listing in the last six months, sales prices are up an average of 1.5% county wide YTD, the percent of original listing price received is up 2.1%, and multiple offers are occurring on a more regular basis.
Contact Dwight Goodwin at 913-912-3470 for a full analysis of your Johnson County KS home to see how this changing real estate market affects your bottom line.
Just one year ago, many areas in the county had 7-9 months of home inventory and buyers were king. While buyers are still big winners due to the low interest rate environment and 5+ years of price declines, sellers with sufficient equity are now able to move their houses more quickly at terms more favorable.
The average Days on Market are down 30 days per listing in the last six months, sales prices are up an average of 1.5% county wide YTD, the percent of original listing price received is up 2.1%, and multiple offers are occurring on a more regular basis.
Contact Dwight Goodwin at 913-912-3470 for a full analysis of your Johnson County KS home to see how this changing real estate market affects your bottom line.
Wednesday, June 6, 2012
Dwight Goodwin on The Perfect Storm for Buyers and Sellers in Johnson Co...
Low interest rates have led to signficantly higher home sales Year-to-Date in Johnson County Kansas. With inventory decreasing to only a 4 1/2 month supply of homes county-wide, the average sales price is up 3% over just 12 months ago.
Market conditions have created the Perfect Storm for buyers and sellers. Sellers are in a better position now than the past several years because inventory is shrinking and prices are rising; buyers win because interest rates are so incredibly low that the rebound in housing prices is having little impact on them finding the right home at the right price for their families.
Whether a seller or a buyer, now is the time to take advantage of this phenomenal real estate market. Call us today at 913-912-3470.
Dwight Goodwin, REALTOR®
Keller Williams Realty Partners, Inc.
11005 Metcalf Ave
Overland Park, KS 66210
Monday, May 14, 2012
Dwight Goodwin Introduces the Coffee Creek Crossing Subdivision in south...
This real estate development is currently in Phase 2 or three phases. Eventually, there will be 161 homes in this open building-community. At the time of this video, you can purchase one of the five homes that are at or near completion or select from the 25 remaining lots and bring your own builder.
Lot prices currently range from the upper 60s to the upper 110s, while sales prices range from the 400's to the 700s. The average sales price for real estate in the Coffee Creek Crossing Subdivision is just over $511,000.
For more information on this (or other) new homes communities, please call us at 913-912-3470. You may also register for a free account to search for all homes in the Kansas City Multiple Listing Service (MLS) at http://www.homesinoverlandparkks.com.
Lot prices currently range from the upper 60s to the upper 110s, while sales prices range from the 400's to the 700s. The average sales price for real estate in the Coffee Creek Crossing Subdivision is just over $511,000.
For more information on this (or other) new homes communities, please call us at 913-912-3470. You may also register for a free account to search for all homes in the Kansas City Multiple Listing Service (MLS) at http://www.homesinoverlandparkks.com.
Tuesday, May 8, 2012
Dwight Goodwin and Rick Woodruff Discuss the Johnson County KS Down Paym...
Today, I sat down with Rick Woodruff of Metropolitan Mortgage to talk about the Johnson County Kansas down payment assistance program.
This program has up to $10,000 in down payment assistance available for qualifying buyers. Although it starts out as a loan, it acts like a grant in that 20% is forgiven for each year through Year 5. The program creates opportunity for those who want to take advantage of a great real estate market with near-record low interest rates.
Be sure to mention this video when you call Dwight Goodwin 913-912-3470 or Rick Woodruff 913-266-5800 for more details. To find a comprehensive list of listed homes in the Kansas City area, register for a free account at http://homesinoverlandparkks.com.
This program has up to $10,000 in down payment assistance available for qualifying buyers. Although it starts out as a loan, it acts like a grant in that 20% is forgiven for each year through Year 5. The program creates opportunity for those who want to take advantage of a great real estate market with near-record low interest rates.
Be sure to mention this video when you call Dwight Goodwin 913-912-3470 or Rick Woodruff 913-266-5800 for more details. To find a comprehensive list of listed homes in the Kansas City area, register for a free account at http://homesinoverlandparkks.com.
Tuesday, May 1, 2012
Dwight Goodwin on Improving Conditions of the Johnson County KS Real Est...
Statistics from Heartland MLS indicate improving conditions for home sales in Johnson County Kansas. Single Family closed sales are up 25% YTD over 2011 figures YTD, while average sales price is up 2% over the same period. A second sign of an improving market is the increase of new home sales; closed volume is up 30% year over year, while the average sales price is up 7%.
A March 2011 to March 2012 snapshot of For Sale vs. Sold shows a 14.6% drop in inventory, with a 7.1% increase in sales. There is currently less than 6 months inventory of single family homes in Johnson County. If this number drops further when the April numbers are released, this will be further evidence of a stabilizing market.
Buyers should remain in favorable conditions, particularly with interest rates still near all-time lows, but sellers may also see more opportunity as inventory drops and average sale prices rise.
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