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Kansas Real Estate

Dec 23, 2007
The Overland Park, Kansas area is one of the more stable areas in the Kansas real estate market. This is in large part due to the fact that 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 in this area's real estate market is coming from single-family homes. This of course goes along with the recent increase in 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 down a significant portion of the job market for the Overland Park area and has a number of large-scale employers as well. The average time for homes to sit on the open 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 currently holding steady, and the housing inventory holds a good supply of homes and property in just about every price range. 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 any type of new construction in the Kansas real estate market, this is definitely one of the areas you're going to want 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 particular area of the Kansas real estate market may be slightly more expensive than some other areas of Kansas, it is still 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.
About the Author
Tom Beaty offers Kansas Real Estate information for buyers and sellers. Don't buy or sell without visiting this Blog or it could cost you: Kansas real estate
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