As 2014 comes to a close it is a good time to reflect on the past year. As a resident of Hampton Place and the # 1 listing agent I like to keep my fellow home owners up to date on recent sales and trends.
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Hampton Place continues to be a destination subdivision for families, the combination older & newer homes appeals to a broad array of would be homeowners, especially younger buyers wanting to move into the Blue Valley School District. While the number of homes Sold in 2014 was just below that of 2013, it can be explained by a supply issue and not one of demand.
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As we move into 2015 we should see a continued demand for Hampton Place homes. A normal Real Estate market will usually see 10% of the homes change hands, in the last 2 years we have only see about 6% of Hampto Places 470+ homes change hands on a yearly basis. This has left many would be buyers waiting idly for the right home to come to market.
Here is the 2014 report, compared to 2013 we SOLD 1 less house but the average sales price increased 6.5% and the average days to sell remained an incredibly low 44.
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The Russell Home Team has over 15 years experience and are 8 year residents of Hampton Place!
Michael Russell is a REALTOR with The Russell Home Team at Keller Williams Realty. Michael specializes in Johnson County Kansas Homes and Real Estate for sale. Michael is a tech savvy realtor with over 13 years experience. Did you enjoy Michael's Blog? Feel free to subscribe or join Michael on his Social Network to stay up to date on Overland Park, Olathe, Leawood, Lenexa, Shawnee and all of Johnson Counties real estate news and more...