Have you seen to ads on facebook? You know, how much is my house worth? They are ads run by internet marketers trying to sell your information to local Realtors who may or may not know anything about your neighborhood.
This report is brought to you by the Russell Home Team and we are Hampton Place residents and top listing agents for Hampton Place. We are offering this service free to our neighbors because we want you to know what your home is worth and how the real estate market is performing. We believe you should receive this information from your local expert and not someone trying to sell your contact information to the highest bidder.
Hampton Place Home Sales For 2015
Homes Sold 33, that is up 18.2% from 2014
Average Sales Price $352,624, that is up 5.6% from 2014
Days on Market to sell 43, that is down slightly from 2014
Lowest Priced Home Sale $273,000, that is up 12% from 2014
Highest Price Home Sale $470,000, slightly down from 2014
So what does this all mean? Not only has the real estate market in Hampton Place stabilized, it is growing. The homes in the older section (pre 1998) are in extremely high demand with many of these homes selling in the high 290's to low 300's. While the newer homes have bounced back substanially. In 2015, 7 homes SOLD for more than $400,000 which is more than the last 3 years combined.
So what does 2016 have in store for Hampton Place? We foresee even higher sales but those numbers will be slightly suppressed by a lack of available homes. Mortgage Interest rates will also rise slightly and that may slow the increase in values.
Hampton Place will continue to be a prime South Overland Park destination because of the quality of the homes, the friendly neighbors and of course the amazing Blue Valley schools.
For a more detailed evaluation on your home please email us at info@RussellHomeTeam.com
If you would like to see what homes are for sale in Hampton Place? Visit www.HamptonPlaceHomeListings.com
If you would like to see all homes for sale in Johnson County? Visit www.SearchJoCoHomes.com
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...