Overland Park KS Homes for sale & Johnson County Real Estate Blog: July 2010

Regency by the Lake in Overland Park Kansas is one of those few subdivisions that has been completely unaffected by the downturn in the real estate market. There seems to be 2 reasons for this, it's incredible location next to Lionsgate and the Lakewood Elementary and middle schools and its affordability.

It is very rare to find the combination of quality 2 story homes and affordabilty in such a incredible location. If you have never been through Regency you should take a ride through. It boasts a very nice community pool and a walking path around the lake. Located near 145th and Metcalf Regency is not only walking distance to Lakewood Elementary and Middle Schools, it is close to restaurants, grocery stores and so much more...

Last 6 months home sales in Regency by the Lake

Homes Sold                                                     10

Average List Price                                       $263,782

Average Sold Price                                      $259,486

Highest Sales Price                                      $277,500

Lowest Sales Price                                      $234,000

Average Days to Sell                                   45

To see all Regency by the Lake Homes for sale Click Here

To Learn more about the Russell Home Teams Sell for Le$$ Listing Program click here 

Do you live in the Green Meadows Subdivision? Want to know what homes are selling for? Well you are at the right place. Below you will find a market report for the first 6 months of 2010. If you have any questions about home sales in Green Meadows you can contact the Russell Home Team at 913-681-1383 or you can request a market analysis on your home by clicking here

Green Meadows Home Sales Report for January to June 2010

Homes Sold                                        6

Average List Price                           $240,773

Average Sold Price                          $236,523

Highest Sales Price                         $262,750

Lowest Sales Price                         $197,100

Average Days to Sell                      110

Click Here to see all Green Meadows homes for sale

Click Here for more information on the Russell Home Teams Sell for Le$$ Listing Program

Sylvan Lake in South Overland Park Kansas is a fantastic little subdivision.  Just a stone's throw from Blue Valley High School, Sylvan Lake is a nice mix of 2 story and split level homes priced in the low $200,000's. The homes in Sylvan Lake are highly sought after for their quality and affordability. Sylvan Lake is also close to many of South Overland Parks amenities, including a Super Walmart, Price Chopper, restaurants and more..

Here is a look at the Last 6 months of Home Sales in Sylvan Lake

Homes Sold                                                5

Average List Price                                   $227,600

Average Sold Price                                  $223,360

Highest Sales Price                                 $237,000

Lowest Sales Price                                 $176,800

Average Days to Sell                               55

To see all Sylvan Lake Homes for sale Click Here

To learn about the Russell Home Teams Sell For Le$$ Listing Program click Here

To schedule a no obligation market analysis on your Sylvan Lake Home Click Here or call Michael Russell at 913-681-1383

Willow Bend in South Overland Park is a fantastic little subdivision. It is a hidden gem in a prime location near the corner of 159th & Metcalf in South Overland Park. It features a very nice selction of 2 story and split level homes for amazingly affordable prices. Willow Bend is the perfect subdivision if you are looking for Blue Valley Schools and don't want to spend $300,000 or more on a home.

Here is a look at the last 6 months home sales in Willow Bend

Homes Sold                                 7

Average List Price                    $203,200

Average Sold Price                  $199,289

Lowest Sales Price                  $156,170

Highest Sales Price                 $226,000

Average Days to Sell                57

Click Here to see Willow Bend Homes for sale

Click Here to find out about the Russell Home Team's Sell for Le$$ Listing Program

Want more information on Willow Bend? Request it here. Want to know how much your Willow Bend home is worth contact The Russell Home Team today at 913-681-1383 or email us at info@russellhometeam.com 

Do you think 6% commission is too much to sell your Olathe Kansas Home? Do want or need to pay less? Well then the Russell Home Team has a plan for you. It is called our Sell for Le$$ listing plan. You home sold for as little as 1.5% or even less if we sell it ourselves. 

The Russell Home Teams Sell for Le$$ full service listing plan offers everything you would expect for 6% and usually more for a lot le$$. To find out more about the services offered click the link below:

The Russell Home Teams Sell for Le$$ Listing Plan

Are you getting ready to list your home for sale? Call The Russell Home Team at 913-681-1383 for a no obligation market analysis.

Can't afford or don't want to pay 6% to sell your Overland Park home? What if I told you that you could hire a full service broker and only pay 1.5%? Would you be interested? 

The Russell Home Team is currently offering our full service real estate listing service starting at 1%. That's right 1%. Our sell for le$$ listing program offers all of the services you would expect to pay 6% for and usually a lot more. Interested? Use our link below to find out more:

The Russell Home Teams Sell for Le$$ Listing Program

For a free no obligation market analysis call Michael Russell today at 913-681-1383 or email me at info@RussellHomeTeam.com 

Do you think that 6% is way too much to sell your home? Well, we think so too. Whether you don't have the ability or just plain don't want to pay 6%, you now have another option.

For home sellers in Johnson County wanting to pay less than 6% you had 2 choices, either go For sale by owner or use a no services provided agency. Now the Russell Home Team gives you a full service listing plan as low as 1%. 

Our full service plan provides everything you would expect to pay 6% for and in most cases we provide a lot more. The Russell Home Team has over 10 years experience and has been recognized as one of the top online real estate marketers in the Johnson County area. To learn more about our program click on the link below:

The Russell Home Teams Sell for Le$$ listing Program

Call Michael Russell today at 913-681-1383 to schedule your no obligation market analysis.

I was reading a fantastic blog post by Richard Weiser  Buying a house now could be the best hedge against inflation …EVER! and I was thinking to myself about how it was not only a great way to beat inflation but how the historically low interest rates will help you save money right now? 

Interest rates have been so low for so long we have become sensitized to them. We have forgotten what the historical averages are for interest rates. While I am too young to ever have paid 18%, I did pay 9% on my first home in 1993. For those of you who haven't been paying attention the average rate on a new mortgage is hovering around the 4.5% range. By historical standards that is the lowest rate ever since rates have been tracked and it is 1% lower than a year ago. 

What most people don't realize is that a 1% drop in interest rate equal  a 10% difference in your purchasing power. So if you are qualified for a purchase price of 200,000 at 4.5% you would only qualify for $180,000 at 5.5%. While interest rate are low now, how long can they really stay there? 

So by taking advantage of the low rates you are not only beating inflation but you are saving an immediate 10% in the form of a lower monthly payment then if you bought 1 year ago today. 

Here is a simple idea. Buying a house at 4.5% interest rate vs. 5.5% interest rate. By buying now you save 10%. That's right 10%. Every 1% interest rate go down you save a full 10%

Open House this Sunday

July 25th 2010

From 1 to 3pm

3841 W. 143rd Terrace

Leawood Kansas

$349,900

Directions: From Mission road turn on to 145th, head east on 145th to your first left, turn left on Howe. House is on the left side at howe and 143rd terrace.

Click here to view a virtual tour of 3841 w. 143rd terrace.

Click here to see the MLS listing sheet