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.