Leawood Kansas Real Estate Market Update March 14th, 2010

Leawood Kansas, suburban Kansas City, Real Estate Market Update March 14th, 2010

Leawood Kansas in Johnson County, suburban Kansas City is a medium sized and sought after city in Kansas with a plethora of homes for sale. Let’s break down the Leawood Kansas real estate market by price range.

Leawood KS Homes for Sale in Johnson County Kansas

Quick overview – the Leawood Kansas Real Estate Market as of 03/14/2010 325 Leawood KS homes for sale, 237 Leawood KS Homes sold in the last six months. This equals roughly 8 months of Leawood residential inventory based on the last six months demand.

Overall – Slight advantage to the Leawood KS home buyer. The difference occurs in the price range of the home you are buying or selling.

Leawood KS homes for sale at $225,000 to $300,000

As of March 14th, 2010 there are 45 Leawood KS homes listed for sale in suburban Kansas City in Johnson County listed at $225,000 to $300,000. Since September 14th, 2009 42 homes have sold in Leawood Kansas between $225,000 and $300,000. Based on the rate of absorption of inventory with recent demand levels for housing in Leawood, a neutral real estate market for Leawood at this price point.

Leawood KS homes for sale at $300,000 to $450,000

As of March 14th, 2010 there are 92 Leawood KS homes listed for sale in suburban Kansas City in Johnson County with an asking price of $300,000 to $450,000. Since September 14th, 2009 80 Leawood KS homes have sold between $300,000 and $450,000. A neutral real estate market for Leawood at this price point.

Leawood KS homes for sale at $450,000 to $700,000

As of March 14th, 2010 there are 79 Leawood KS homes listed for sale in Metro Kansas City in suburban Johnson County listed at $450,000 to $700,000. Since September 14th, 2009 56 Leawood KS homes have sold between $450,000 and $700,000. Buyer advantage at this price point.

Top 5 most popular Leawood KS subdivisions in this price range include

  • Iron Horse
  • “Old Leawood”
  • Pavilions
  • Wilshire Place
  • Waterford
  • These five subdivisions account for over half of the sales in the price range in Leawood

Leawood KS Homes for sale at $700,000 to $1,000,000

As of March 14th, 2010 there are 52 Leawood KS homes listed for sale in metro Kansas City in suburban Johnson County with an asking price between $700,000 to $1,000,000. Since September 14th, 2009 15 Leawood KS homes have sold between $700,000 and $1,000,000. With roughly a year and half of inventory of homes in Leawood KS available based on current demand, this is a strong buyer’s market. Top selling Leawood subdivisions in this price range

  • “Old Leawood”
  • Highlands Creek
  • Highland Ranch

Luxury Leawood KS homes for sale with an asking price of $1,000,000 or more

As of March 14th, 2010 there are 36 Luxury Leawood KS homes listed for sale in suburban Kansas City in Johnson County with an asking price of $1,000,000 or more. Since September 14th, 2009, 11 Leawood KS homes have sold at the Million Dollars plus luxury home price point. Even in Leawood a year and a half plus supply of homes compared to demand is a definite buyer’s market. Luxury home buyers may also be considering a unique home in Mission Hills KS located in Northern Johnson County.

Top selling areas in Leawood for Million dollar plus homes

  • Hallbrook
  • Sienna of Leawood
  • Tuscany Reserve
  • Pavilions
  • Hazelwood
  • Siena of Leawood

Leawood KS homes for sale at $225,000 or less

As of March 14th, 2010 there are 30 Leawood KS homes listed for sale in suburban Kansas City in Johnson County with an asking price of $225,000 or less. Since September 14th, 2009 41 single family homes have sold in Leawood, KS at $225,000 or less. There is a Seller advantaged price point in the Leawood KS housing market in the under $225,000 price range in the Leawood Kansas Real Estate Market. Smart buyers are seeking out the great housing options in Leawood Kansas.

Make the smart move. Contact me.

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