January 2010 Johnson County real estate sales were slower than expected. I think weather had a little bit to do with it. We’ve had more snow this winter compared to other years, the local weather forecaster said it was 1962 since we’ve had a winter like this! WOW! But, it does have an affect on people! In Johnson County, we have 2788 resale homes on the market, with 320 going under contract, that’s 11% that sold! The largest price range % of sales–of course was the 1st time buyers. The 160-180K had 10% sold, the 180-200K had 9% sold!
With Tax Credit ending April 30,2010, we see the next few months to be very Active!! People are out there looking for Value! So Don’t Wait!, more and more buyers are checking things out. So the homes that offer Great Condition & are Priced very well–are Moving Very Quickly!! So Don’t Delay!
Buyers should do a little homework to maximize their purchasing power before buying. We make sure our buyers have their ducks in order via having their credit reports up to date, all of their mortgage loan information in order, and we do plenty of research on the housing information and housing conditions!
As for our sellers need to continually study their marketing position as current housing is sold and as new inventory enters the marketplace. Properties that are sitting a long time send out a negative message, so the right priced properties that show well and that have easy access are the ones that buyers will most likely want to see. With the timer running out soon on the tax credit incentives, all parties have to be ready to make their decisions or lose the transaction. My advice to sellers is to review the current marketing position with your agent. Take a close look at sales & inventory of homes that come on the market & arrive at a more realistic and competitive pricing range. Sellers need to do what’s necessary to attract serious buyers and get their property sold in Overland Park real estate.
Our goal is to get our sellers the best prices we can and helping our buyers get into the market while prices are down and interest rates are at historic lows. As our motto says…..Experience Matters!!
To find your dream home to go:
www.HomeInfoKansasCity.com
