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The Reinhardt Estates Subdivision Real Estate And Homes For Sale In Fairway, KS

Find area information and real estate listings for the Reinhardt Estates Subdivision, Fairway, Kansas. Learn more about Reinhardt Estates, including available homes for sale, school info, and area reviews, from a local RE/MAX real estate agent.

Reinhardt Estates Area Insight

  • Ken Flaspohler
    RE/MAX State Line
    Ask Ken a question about the Reinhardt Estates Subdivision.
    Reinhardt Estates Subdivision
    Located in Northeast Johnson county, Reinhardt Estates is a short drive to the Country Club Plaza. I grew up in nearby Westwood and drove through the tree lined streets many times back in the 1970's. Yes, ouch... Great opportunities abound here to find a home to live in, remodel or tear it down and start over. The adjacent Mission, KS area has been slated for major redevelopments projects.
  • In the last six months Reinhardt Estates has had nine homes sold/closed as of July 22, 2019. This ratio of homes sold to time is called the absorption rate. The most recent absorption rate averaged over the last six months is 1.5 homes per month. Currently there are only three homes for sale in Reinhardt Estates. If the most recent absorption rate continues it would take a mere two months to sell all the homes, assuming that all homes sell, and that no additional homes came on the market.

    In general terms a market is considered balanced when the supply of homes equals 5.5 to 6.5 months of inventory compared to demand or absorption rate. The lower the month's supply of homes is, the seller tends to see an advantage in price or terms. The higher the months supply of homes the more advantage there is to the buyer in terms of price or terms.

    Reinhardt Estates in Fairway is in a *strong* sellers's market in terms of supply and recent demand. This is tempered as well by the higher than normal number of $1MM homes on the market in the Fairway, Mission Hills, and Prairie Village area.
  • Ask a Local Expert a question about the Reinhardt Estates Subdivision.
    Reinhardt Estates Subdivision
    Market update for Reinhardt Estates Fairway KS

    In the last six months Reinhardt Estates has had 10 homes sold/closed as of December 23, 2018. This ratio of homes sold to time is called the absorption rate. The most recent absorption rate averaged over the last six months is 1.67 home per month. Currently there are eight homes for sale in Reinhardt Estates. If the most recent absorption rate continues it would take just 4.7 months to sell all of the homes for sale, assuming that all homes sell, and that no additional homes came on the market.

    In general terms a market is considered balanced when the supply of homes equals 5.5 to 6.5 months of inventory compared to demand or absorption rate. The lower the month's supply of home is, the seller tends to see an advantage in price or terms. The higher the months supply of homes the more advantage there is to the buyer in terms of price or terms.

    Reinhardt Estates in Fairway is in a mild sellers's market in terms of supply and recent demand. This is tempered as well by the higher than normal level of $1MM homes on the market in the Fairway, Mission Hills, and Prairie Village area.
  • It's been another hot year for real estate sales in Reinhardt Estates. Here is a brief update with some key real estate statistics for the first half of 2016: Houses sold was 16, with average days on the market 53. Average List Price was $862,611 and sale price to original list price was 97.4%.

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