Posts Tagged ‘Banking’

Kansas Real Estate – Overland Park, Johnson County

April 22nd, 2022

The Overland Park, Kansas area is one of the more stable areas in the Kansas real estate market. One of the reasons is because Overland Park is one of the main areas for call centers and distribution centers in the Midwest. This means there are a number of large employers that help to form a strong and stable job market in the area. Currently the greatest activity this areas Kansas real estate market is coming from single-family homes this of course goes along with the increase in job market stability in the job market and the growth of the area.

The nearest metropolitan area to Overland Park, Kansas is actually Kansas City. This city also holds a lot of the job market for the Overland Park area and has a number of large employers as well. The average time for homes to sit on the market in Overland Kansas is currently only 30 to 60 days. However, there are more sellers than buyers in the currently in this area of the Kansas real estate market. The market trend has not changed and is holding steady, and the housing inventory holds a good supply of homes and property in all price ranges. Either if you are looking to purchase property for investment purposes or if you are planning to move to the Overland Park Kansas area, the average price for a home is around $325,000, compared to last year. Housing prices are down between 0 and 5%. Unfortunately, there are multiple offers on homes in this area of the Kansas real estate market. This means that there is less opportunity for buyers to negotiate as the current sale price is set to between 95 and 100% of the initial asking price.

If you are looking at new construction in the Kansas real estate market, this is one of the areas to consider. There are a number of new communities that either are currently under construction or have just been completed. These communities may offer a hit in gem of an investment possibility as they are currently offering move-in specials in order to attract buyers.

While the real estate in this area of the Kansas real estate market may be slightly more expensive than other areas of Kansas. It is an excellent investment opportunity. The reason for this is the ever increasing and large number of employers, Overland Park, in the Kansas City area is home to some of the larger distribution centers for stores like Sears and Kmart. There are also a number of call centers, which hire and maintain a large number of employees if you are looking to invest in rental properties this may be a market to consider. Other things to consider when moving to or investing in this area is the weather. Kansas is located in the plains area of the Midwest winters are dry, and there are often blizzards and other heavy snows and summers can be excessively warm.