Old Drum Real Estate News & Market Updates

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Aug. 5, 2020

Customer Review - Jeneen DeShong

Thank you for the kind review of Old Drum Real Estate agent Jeneen DeShong. We are pleased to hear that you found the perfect home for sale in Warrensburg!

5 Star Review of Jeneen DeShong

Posted in Customer Reviews
Aug. 4, 2020

New Listing - 553 NE 101 Rd, Clinton, MO

Peaceful Country Living Complete with Tree-Lined Drive! This gorgeous "Lodge" sits on 3acres of land filled with Oaks, pear, blue spruce & cottonwood trees! 4 beds, 2.5 baths, main level laundry room and an AMAZING Cedar Great room! Hardwood flooring, newly carpeted master suite, Cedar walk-in, Formal dining fireplace, fireplace in great room. DRY basement for storage or to finish. Metal 30x40 Morton building with concrete floors, heat and 220V with 12x20 lean-to. This Unique Country paradise is a Must See! Contact Old Drum Real Estate agent Ashley Moore at (660) 624-4667 or click the link below for more photos and information.

553 NE 101 Rd, Clinton, MO

Click here for more photos and information about this listing!

Posted in New Listings
July 30, 2020

New Listing - 1301 Kimberly Dr, Warrensburg, MO

4BR 3BA charmer at the end of a cul-de-sac in Brookside Place, with some new flooring and fresh paint throughout. Contact Old Drum Real Estate agent Ashley Moore at (660) 624-4666 for more information.

1301 Kimberly Dr, Warrensburg, MO

Click here for more photos and information about this listing!

Posted in New Listings
July 30, 2020

New Listing - 1219 Nottingham Dr, Warrensburg, MO

Check out this 3BR 2.5BA home in the desirable Countryview subdivision. The neighborhood has a community swimming pool and this home has open concept living, hardwoods, a vaulted living room, fenced yard, and much more. Contact Old Drum Real Estate agent Justin Johnson to see this house.

1219 Nottingham Dr, Warrensburg, MO

Click here to see more photos and information relating to this listing!

Posted in New Listings
July 29, 2020

Customer Review - Laura Lockhart

Thank you for the kind review of Old Drum Real Estate agent Laura Lockhart. We hope you enjoy your new home in Warrensburg!

5 Star Review of Laura Lockhart

Posted in Customer Reviews
July 22, 2020

New Listing - 327 Jones Ave, Warrensburg, MO

Check out this newly listed Warrensburg home for sale. 3BR 2BA ranch with lots of updates in Southwest Estates. Contact Jeneen DeShong at (660) 441-2538 to see this home!

327 Jones Ave, Warrensburg, MO

Click here to see more photos and information about this listing.

Posted in New Listings
July 20, 2020

Customer Review - Jeneen DeShong

Thank you for the kind review of Old Drum Real Estate agent Jeneen DeShong, and welcome to Warrensburg and Whiteman AFB! We hope you enjoy your new Warrensburg home!

5 Star Review of Jeneen DeShong

Posted in Customer Reviews
July 17, 2020

Customer Review - Jo Johnson

Thanks for the kind review of Old Drum Real Estate agent Jo Johnson, and congratulations on the sale of your property!

5 Star Review of Jo Johnson

Posted in Customer Reviews
July 17, 2020

June 2020 Johnson County MO Market Update

KCRAR/HMLS just release its Market Report for real estate sales in the Kansas City area during June of 2020 and the numbers are atypical for a few reasons.

First, looking at Johnson County, Missouri home sales, we see 86 closed sales compared to 82 in June of 2019. This may look normal but that is coming off a low level of sales of 43 in May of 2020 compared to 76 in May of 2019.

Inventory and Supply numbers for Johnson County, Missouri have been trending downward for years and June 2020's Inventory number of 126 compares to 179 in June 2019, 189 in June 2018, and 192 in June 2017. It is highly irregular to have such low Inventory and Supply numbers in the peak selling periods.

June 2020 Johnson County Mo Market Report

It could be worse, and looking at the entire Kansas City Region as compiled by KCRAR/HMLS shows inventory and supply are even tighter for the region as a whole. The following chart is very illustrative. Note the Historical Inventory by Month chart has now dipped lower than it's been since at least January 2004.

KCRAR June 2020 Invesntory Chart

Experts say this inventory tightening is the result of potential sellers not wanting to list their properties or sell them due to the COVID-19 pandemic. I'd say that is a big part of it but it's not the whole story. Anxiety towards the results of the fall presidential election, economic uncertainty due to government lockdowns, and nervousness due to civic unrest in large cities around the country surely also play a role. Rarely acknowledged is also the underlying economics of new residential housing development. As regulations are continuously piled on top of existing regulations, and as fees and costs see ever more incessant increases, the difficulty and risk of bringing new projects to fruition become nearly insurmountable.

There are more buyers than sellers of quality properties in Johnson County, Missouri. It remains a seller's market.

Posted in Market Updates
July 7, 2020

New Listing - 600 Short St, Knob Noster, MO

4BR 2BA beauty with wood flooring, quartz countertops, new Trex decking, and much more. Contact Ashley Moore at (660) 624-4667 for a showing.

600 Short St, Knob Noster, MO

Click here for more photos and information about this listing!

Posted in New Listings