REAL ESTATE MARKET REPORT

JOHNSON COUNTY
Su M Tu W Th F Sa Monday, May 1
1 2 3 4 5 6
7 8 9 10 11 12 13
14
21
28
15
22
29
16
23
30
17
24
31
18
25
19
26
20
27
2017
TABLE OF CONTENTS

Charts and Commentary .. Pages 1-2

Market Summary Table .. Page 3
Glossary ... Page 4

Goodlifekc Team
COLDWELL BANKER GOOD LIFE
10865 Grandview Drive Ste. 2050
Overland Park, KS 66210
www.GoodLifeKC.com
913.345.9999

https://www.facebook.com/GoodLifeKansasCity?ref=hl

https://twitter.com/GoodLifeKC

Real Market Reports

www.RealMarketReports.com
REAL ESTATE MARKET REPORT

JOHNSON COUNTY
Monday, May 1, 2017 Goodlifekc Team
COLDWELL BANKER GOOD LIFE
913.345.9999

Let's take a look

at the real estate market. Currently
The pending ratio indicates the supply
& demand of the market. Specifically,
Taking a closer look, we notice that
the $200K - $300K price range has a
there are 1844 sales pending in the a high ratio means that listings are in relatively large number of contracts
market overall, leaving 1288 listings demand and quickly going to contract. pending sale.
still for sale. The resulting pending Alternatively, a low ratio means there
ratio is 58.9% (1,844 divided by are not enough qualified buyers for the We also notice that the $400K - $500K
3,132). So you might be asking existing supply. price range has a relatively large
yourself, that's great... but what inventory of properties for sale at 281
exactly does it mean? I'm glad you "Current inventory is described listings. The median list price (or
asked! as active." asking price) for all properties in this
market is $464,950.

Properties For Sale Number of Listings For Sale vs. Pending Contract
Contracts Pending Johnson County
600
Updated 5/1/2017, RealMarketReports.com
Copyright Goodlifekc Team
500

400

300

200

100

0
$0K

$100K

$200K

$300K

$400K

$500K

$600K

$700K

$800K

$900K

$1.0M

$1.1M

$1.2M

$1.3M

$1.4M
A total of 3489 contracts have closed
Sold Num Sold vs. Off-Market (Last 6 mos.) in the last 6 months with a median sold
Off-Market Johnson County price of $275,000. Breaking it down,
1400 we notice that the $200K - $300K price
Updated 5/1/2017, RealMarketReports.com
1200
Copyright Goodlifekc Team range contains the highest number of
sold listings.
1000
Alternatively, a total of 643 listings
800
have failed to sell in that same period
600 of time. Listings may fail to sell for
many reasons such as being priced
400 too high, having been inadequately
marketed, the property was in poor
200
condition, or perhaps the owner had
0 second thoughts about selling at this
particular time. The $200K - $300K
$0K

$100K

$200K

$300K

$400K

$500K

$600K

$700K

$800K

$900K

$1.0M

$1.1M

$1.2M

$1.3M

$1.4M

price range has the highest number of

off-market listings at 145 properties.

Real Market Reports 1 Market Dashboard

www.RealMarketReports.com
REAL ESTATE MARKET REPORT

JOHNSON COUNTY
Monday, May 1, 2017 Goodlifekc Team
COLDWELL BANKER GOOD LIFE
913.345.9999

Looking at the chart to the right, you

might be wondering why average days Sold Median Days on Market (DOM)
on market (DOM) is important. This is For Sale Johnson County
a useful measurement because it can 200
Updated 5/1/2017, RealMarketReports.com
help us to determine whether we are 180 Copyright Goodlifekc Team
in a buyer's market (indicated by high 160
DOM), or a seller's market (indicated 140
by low DOM). Active listings
120
(properties for sale) have been on the
100
market for a median time of 9 days.
80
Analysis of sold properties for the last 60
six months reveals a median sold 40
price of $275,000 and 14 days on 20
market. Notice that properties in the 0
$200K - $300K price range have sold
$0K

$100K

$200K

$300K

$400K

$500K

$600K

$700K

$800K

$900K

$1.0M

$1.1M

$1.2M

$1.3M

$1.4M
quickest over the last six months.

The recent history of sales can be

seen in the two charts below. The
median sold price for the last 30 days
was $282,000 with a DOM of 7 days.
Since the recent DOM is less than the
median DOM for the last 6 months, it
is a positive indicator for demand. It is
always important to realize that real
estate markets can fluctuate due to
many factors, including shifting interest
rates, the economy, or seasonal
changes.
"The median list-to-sales ratio
for this area is 100.0%."
Ratios are simple ways to express the
difference between two values such as
list price and sold price. In our case,
we typically use the list-to-sale ratio to
determine the percentage of the final
list price that the buyer ultimately paid.
It is a very common method to help
buyers decide how much to offer on a
property.
Analysis of the absorption rate
indicates an inventory of 2.2 months
based on the last 6 months of sales.
This estimate is often used to
determine how long it would take to
sell off the current inventory of
properties if all conditions remained
the same. It is significant to mention
that this estimate does not take into
consideration any additional properties
that will come onto the market in the
future.

Median Sold Prices Median Days on Market (Sold)

Johnson County Johnson County
$285K 40
$280K 35
$275K 30
$270K 25
$265K 20
$260K 15
$255K 10
$250K Copyright Goodlifekc Team 5 Copyright Goodlifekc Team
Updated 5/1/2017, RealMarketReports.com Updated 5/1/2017, RealMarketReports.com
$245K 0
Dec Jan Feb Mar Apr May Dec Jan Feb Mar Apr May

Real Market Reports 2 Market Dashboard

www.RealMarketReports.com
REAL ESTATE MARKET REPORT

JOHNSON COUNTY
Monday, May 1, 2017 Goodlifekc Team
COLDWELL BANKER GOOD LIFE
913.345.9999

ABSORPTION RATE
MARKET SUMMARY TABLE 1844 PENDING [2] 643 OFF-MARKET (last 6 mos) [3] (months of inventory)
A = Average Value
M = Median Value
N/A = Not Available
1288 ACTIVE [1] 3489 SOLD/CLOSED (last 6 months) [4]

Price Range Days Current Days Original Final Sold/ List-

Num Num Pend Num Num Est.
on List on List List Closed Sale
Low High # # Ratio # # Mos.
Market Price Market Price Price Price Ratio
A 5 $ 49,950 A 42 $ 91,507 $ 88,018 $ 80,202 91%
$0 $99,999 1 8 89% 8 45 0.1
M 5 $ 49,950 M 22 $ 92,000 $ 89,000 $ 87,000 98%
A 27 $ 167,014 A 34 $ 164,965 $ 162,347 $ 161,351 99%
$100,000 $199,999 62 284 82% 64 801 0.5
M 6 $ 174,950 M 17 $ 167,500 $ 165,000 $ 167,000 101%
A 17 $ 253,874 A 30 $ 251,795 $ 248,314 $ 247,243 100%
$200,000 $299,999 134 508 79% 145 1,173 0.7
M 6 $ 254,950 M 12 $ 249,950 $ 247,500 $ 245,000 99%
A 19 $ 357,968 A 41 $ 353,373 $ 348,314 $ 345,710 99%
$300,000 $399,999 267 395 60% 121 621 2.6
M 2 $ 359,950 M 15 $ 350,000 $ 349,000 $ 340,500 98%
A 42 $ 448,977 A 49 $ 458,715 $ 447,285 $ 443,112 99%
$400,000 $499,999 281 278 50% 110 413 4.1
M 2 $ 449,950 M 13 $ 450,000 $ 440,000 $ 439,950 100%
A 45 $ 552,745 A 49 $ 556,363 $ 547,594 $ 543,334 99%
$500,000 $599,999 192 158 45% 80 170 6.8
M 10 $ 549,950 M 8 $ 550,800 $ 549,700 $ 541,273 98%
A 59 $ 648,129 A 35 $ 653,578 $ 643,565 $ 645,750 100%
$600,000 $699,999 125 103 45% 46 120 6.3
M 15 $ 649,000 M $ 650,000 $ 649,700 $ 645,000 99%
A 92 $ 751,274 A 60 $ 766,446 $ 749,524 $ 745,393 99%
$700,000 $799,999 57 47 45% 26 56 6.1
M 60 $ 749,000 M 41 $ 767,750 $ 750,000 $ 744,897 99%
A 110 $ 868,751 A 109 $ 877,882 $ 849,998 $ 841,315 99%
$800,000 $899,999 30 20 40% 9 19 9.5
M 29 $ 875,000 M 8 $ 875,000 $ 850,000 $ 846,000 100%
A 127 $ 954,741 A 78 $ 1,012,386 $ 970,447 $ 950,302 98%
$900,000 $999,999 23 12 34% 6 18 7.7
M 43 $ 949,900 M 9 $ 979,764 $ 979,764 $ 945,000 96%
A 107 $ 1,062,490 A 62 $ 1,102,900 $ 1,097,275 $ 1,041,463 95%
$1,000,000 $1,099,999 10 3 23% 3 8 7.5
M 44 $ 1,062,500 M 69 $ 1,102,100 $ 1,102,100 $ 1,050,000 95%
A 62 $ 1,147,201 A 66 $ 1,258,000 $ 1,216,500 $ 1,152,250 95%
$1,100,000 $1,199,999 21 6 22% 1 10 12.6
M 23 $ 1,150,000 M 43 $ 1,199,000 $ 1,199,000 $ 1,150,000 96%
A 91 $ 1,260,261 A 144 $ 1,405,016 $ 1,292,731 $ 1,236,009 96%
$1,200,000 $1,299,999 19 10 34% 6 7 16.3
M 32 $ 1,275,000 M 181 $ 1,275,000 $ 1,275,000 $ 1,225,000 96%
A 54 $ 1,347,875 A 41 $ 1,380,694 $ 1,334,694 $ 1,333,798 100%
$1,300,000 $1,399,999 8 3 27% 2 5 9.6
M 40 $ 1,349,500 M $ 1,358,471 $ 1,358,471 $ 1,325,000 98%
A 115 $ 2,286,160 A 146 $ 2,139,402 $ 2,038,120 $ 1,877,296 92%
$1,400,000 + 58 9 13% 16 23 15.1
M 58 $ 1,882,500 M 118 $ 1,945,000 $ 1,875,000 $ 1,700,000 91%

Market Totals 1,288 1844 59% 643 3489 2.2

Market Averages 46 $ 579,342 39 $ 337,830 $ 331,258 $ 327,773 99%
Market Medians 9 $ 464,950 14 $ 279,900 $ 275,000 $ 275,000 100%
Date Range (Off-Market & Sold) = 10/31/2016 to 05/01/2017
Favors Sellers Favors Buyers
Data believed to be accurate but not guaranteed.
Status = [1] Active; [2] Pending, Show For Backups, Contingent; [3] Cancelled, Expired, Temporarily Off Market, Withdrawn; [4] Sold
ZIP = 66061, 66062, 66063, 66085, 66202, 66202, 66203, 66204, 66205, 66206, 66207, 66208, 66209, 66210, 66211, 66212, 66213, 66214, 66215, 66216,
66217, 66219, 66220, 66221, 66223, 66224, 66225, 66227, 66251, 66282, 66283, 66285, 66286, 66218, 66226
SUB_PROP = Single Family

Real Market Reports 3 Market Summary Table

www.RealMarketReports.com
REAL ESTATE MARKET REPORT

JOHNSON COUNTY
Monday, May 1, 2017 Goodlifekc Team
COLDWELL BANKER GOOD LIFE
913.345.9999

1. PROPERTIES FOR SALE (ACTIVE)

a. Number Active: The number of listings for sale which are currently being marketed but do not yet have a purchase
agreement.

b. Days on Market (DOM): The marketing period of currently active listings. This does not account for some listings
which have had a previous listing period, but were re-entered as a new listing.

c. Current List Price: The price that a property seller is currently asking.

2. CONTRACTS PENDING

a. Number Pending: The number of current listings for which a contract has been signed but has not yet closed.

b. Pending Ratio: Sometimes called a list-to-pending ratio. This is a measure of how fast properties are going under
contract vs. how fast they are being listed.

Pending Ratio = P (Number of Pending Listings)

A+P (Number of Active + Pending)

(P) represents properties that buyers have chosen

(A+P) represents the entire pool from which they have chosen

3. OFF-MARKET

a. Number Off-Market: The number of listing agreements that have failed to close in the last 6 months. Some
owners may choose to re-offer their property for sale.

4. PROPERTIES SOLD (CLOSED CONTRACT)

a. Number Sold: The number of properties that have gone to a closing in the last 6 months.

b. Days on Market (DOM): The marketing time it has taken properties to sell in the last 6 months.

c. Original List Price: The price at which a sold property was originally marketed.

d. Final List Price: The price at which a sold property was marketed just prior to selling.

e. Sold/Closed Price: The price for which a property sold.

f. List to Sales Ratio: The percentage of the list price that the buyer ultimately paid for the property.

List to Sales Ratio = Sold Price

Final List Price

5. ABSORPTION RATE / MONTHS OF INVENTORY

a. Absorption Rate / Months of Inventory: An estimate of how fast listings are currently selling measured in months.
For example, if 100 properties sell per month and there are 800 properties for sale - there is an 8 month supply of
inventory before counting the additional properties that will come on the market.

Real Market Reports 4 Glossary

www.RealMarketReports.com