wichita real estate: Wichita, KS metro update
- 11/20/09 10:04 AM
Wichita is a top SALAD City
Hold the steak. A study by the world's largest producer of fresh salad suggests that Wichita residents may actually prefer salad.
The internal study, conducted by Dole Fresh Vegetables, ranked Wichita among the top salad markets in the United States. This means that local residents eat more salad per person than their counterparts in other U.S. cities, have the potential to eat more salad and/or are more likely to try new salad blends, experiment with salad and salad ingredients in the kitchen or serve salad as a meal.
Dole Fresh Vegetables is a subsidiary of … (0 comments)
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wichita real estate: Wichita real estate update, September, 2009
- 09/28/09 03:47 AM
August, 2009 MLS report
From
W.A.A.R for the
South Central Kansas MLS
YTD closings in August, 2009 were down 16% from August 2009. YTD closings for January through August are down 22% from 2008 levels. YTD closings are down 40% from 2006 levels.
Listings YTD for 2008 are down 4% compared to new listings from January to August, 2008. Total existing homes on the market are up 4% compared to August, 2008.
New home inventories are down 24% compared to August, 2008.
The average sold price of an existing home in August was $122,823 and … (0 comments)
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wichita real estate: Wichita business update for August, 2009
- 08/27/09 05:47 AM
Wichita, KS Business Update
August 27, 2009
Wichita Aquifer Project:
Wichita, KS is making sure it's water supply stay available for future growth by taking excess water from the Arkansas river, filtering it and pumping it back into the Equus beds aquifer to create plenty of product through 2050. The cost of the project will be around $400 million.
NCAA scouting out Wichita:
The NCAA is in town checking out the new 15,000 seat Intrust arena in Downtown Wichita. Wichita has bid on tournament games for 2011, 2012 and 2013. NCAA official are checking out the … (1 comments)
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wichita real estate: Wichita, KS real estate activity for 2009
- 07/25/09 06:50 AM
The 1st 6 months, Wichita, KS metro area real estate activity
Existing home sales increased 20.9% over May 2009's figures but were still down 10% from the same period in 2008.
New home closings were up 48% compared to a month ago. The median new home price in June was $196,998 compared to $215,400 a month ago.
Existing homes on the market rose by a little over 2% compared to a month ago. The total inventory of existing homes was only 1.5% higher than a year ago.
Builders are slowing building and more buyers' interest in … (1 comments)
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wichita real estate: April, 2009 real estate update
- 05/21/09 09:16 AM
April real estate update
For 2009
Sales figures are in and April's sales were 9.1% higher than March. They were still 27.5% below 2008's numbers. Average sales price of existing homes in April was $113,445. The existing inventory of homes remained relatively stable from March to April this year and to April, 2008 figures. Total existing listings available for sale are 10% below 2008 levels.
The new home inventory dropped 7.9% from March's levels and was 7% below April, 2008's level. Average sales price was $254,000.
Absorption rates:
Homes priced below $120,000 have 4.5 months of inventory.
… (1 comments)
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wichita real estate: Wichita, KS was a highly ranked city in 2008.
- 04/04/09 09:24 AM
Wichita was a highly ranked city in 2008
Wichita, KS for most of 2008 outpaced the rest of the nation in the quality of its real estate market, job increases and local private and public building projects. The economy started catching up with Wichita in the 3rd quarter and buy the 1st quarter of 2009 lay-offs increased the local unemployment rate to 6% and there for slowed down real estate sales.
Before all that happened Wichita has received many accolades in 2008
U-haul ranked us the #1 city for inbound moves Wichita is once again an All-American City Finalist … (0 comments)
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wichita real estate: Wichita, KS Spring Real Estate update for 2009
- 04/03/09 03:29 AM
1st Quarter, 2009
Real Estate & Economic report for the
Wichita, KS metro area
Another Round of lay offs in the aviation industry was announced this week in Wichita, KS. In addition, there will be two to three companies doing furloughs for two to three weeks this summer. Total lay offs in the Aviation industry announced or all ready done exceed 10,000 workers. This will be a total employment impact of 20,000 plus workers before the end of the year.
Before last fall, Wichita had seemed to be immune from the financial hardships of other areas of the country. … (0 comments)
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wichita real estate: Real estate update for Wichita, KS, 2-2009
- 02/26/09 02:24 AM
February, 2009 Market update
For
Wichita, KS
The Center for Real Estate at Wichita State University and the Wichita Board of Realtors reported sales activity for all of 2008 and January of 2009 this week.
Real estate sales forecast for 2009 shows existing home sales at around 7,500 units, 11% less than 2008. New home sales are expected to decline by 17% to 1,280 units. Building permits are also expected to decline 19% from 2008 levels.
No rebound in sales levels are expected until the 4th quarter of 2009. This date could be extended depending on how … (1 comments)
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wichita real estate: Wichita real estate update for 2008
- 01/19/09 09:39 AM
Real Estate Update for 2008
2003 thru 2007, Wichita‘s average increase in home values rose 15.2%. 2008 values rose 3+% the first half of the year and were stable the second half. The Wichita, Kansas metro area was only one of 5 to 6 areas out of the top 100 metro areas that showed an increase in home values for 2008. There were areas in Florida, Arizona and Nevada that showed as much as a 30% drop in values during the same period.
Wichita real estate sales were down roughly 18% in 2008 compared to 2007 but a … (0 comments)
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wichita real estate: 2008, Wichita <k board and MLS production stats
- 01/19/09 09:36 AM
2008 board and agent Production stats
For the South Kansas MLS
The Wichita Board of Realtors ended the year with approximately 1769 agents and the South Kansas MLS finished with 1880 agents. Two years ago there were approximately 2300 MLS agents.
1880 agents in the MLS at the end of 2008. The year started with about 200 more.
1596 agents had at least one sale in 2008
677 agents or 35% had 2 or less sales.
Only 798 agents (42%) had at least a sale ever other month.
There were 20086 units sold by the … (0 comments)
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wichita real estate: Forclosures and "SHORT" Sales
- 11/23/08 05:49 AM
November 20, 2008 Meeting with
Regional VP of Countrywide Home Loans and staff.
The following is notes and observations from a very frank meeting about the economy, short sales and foreclosures with representatives of the Mortgage industry, Title officers and top Wichita real estate agents.
90% of all foreclosures were caused by job loss, divorce and health issues.
The Huge LTV loans gave no wiggle room to borrowers when they got in trouble.
90% of all requests for short sales have at least one issue of Fraud connected to them. This is why the lenders are taking … (2 comments)
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wichita real estate: Economic news for November, 2008
- 11/10/08 02:41 AM
The Labor Department reported that 240,000 jobs were lost in October, which was worse than the expected loss of 200,000 jobs. In addition, the Unemployment Rate jumped to 6.5%, up from last month's read of 6.1% and reaching the highest unemployment rate since 1994. And if the current numbers weren't bad enough, there were heavy downward revisions to August and September numbers, which erased an additional 179,000 jobs. So far in 2008, a total of 1.18 million jobs have been lost, with 651,000 job losses coming in just the past three months. Look for things to get worse before they get … (0 comments)
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wichita real estate: Wichita real estate activity
- 09/17/08 04:48 AM
Wichita's real estate market is not near as bad as other cities and states but the slowdown has difinitely reached the "Air Capital".
August closings compared to August, 2007 were down 16.5% for existing homes but volume of sales was up 5.2%. New home sales were down 27.9% according to Wichita MLS data just released. YTD sales for new homes were down 11.9%.
The median sales price of Existing homes was up in August compared to a year ago and the WSU (Wichita State University) Center for Real Estate has projected a 4% rise in home values for 2008 … (0 comments)
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wichita real estate: Welcome to Wichita, Kansas
- 09/03/08 06:23 AM
Welcome to Wichita, Kansas
Wichita is the largest city in the state and was founded as a cattle town in the late 1800's. In the early 1900's Wichita evolved into the "Air Capital" of the World building more general aviation aircraft than any other city.
Today Wichita is still builds more airplanes than any other city but is also a major agricultural center, Oil and gas producer and a regional medical center.
Wichita has 36 museums, 34 golf course, 35 art galleries and 24 other area attractions including the Sedgwick County Zoo (top 10 in the nation), Wichita Music Theatre, … (2 comments)
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wichita real estate: August, 2008, Wichita, KS Real Estate Update
- 08/22/08 03:30 AM
August, 2008, Wichita, KS Real Estate Update
Wichita's housing market is bucking the National trend in number of foreclosures. The national rate is 1.6% of all loans and the Wichita area is running at about ½ of the rate.
During July sales were 11.2% below last years levels (the 2nd best on record). That rate was twice as good as June's levels when closings were 22.2% below June, 2007.
In August, MSN asked "Sperling's Best Places" to do an analysis of cities above 500,000 populations and find the best cities for their "2008 MSN Real Estate Most Livable, … (0 comments)
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wichita real estate: Are lenders contributing to the Mortgage mess?
- 07/15/08 07:28 AM
Are lenders contributing to the Mortgage mess?
We have a twin home in Wichita that was sold to an out-of-state investor with minimum down but also had positive cash flow. A year after owning the property the investor's purchases in some costal areas where he was promised huge appreciation started reversing in value. The negative cash flow he experienced got worse as some of the properties would not rent or did rent for substantially less than promised.
Now comes the problem in Wichita because the investor was taking the income to live on and stopped making payments. We were … (4 comments)
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wichita real estate: Are lenders contributing to the Mortgage mess?
- 07/15/08 07:22 AM
Are lenders contributing to the Mortgage mess?
We have a twin home in Wichita that was sold to an out-of-state investor with minimum down but also had positive cash flow. A year after owning the property the investor's purchases in some costal areas where he was promised huge appreciation started reversing in value. The negative cash flow he experienced got worse as some of the properties would not rent or did rent for substantially less than promised.
Now comes the problem in Wichita because the investor was taking the income to live on and stopped making payments. We were … (0 comments)
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wichita real estate: Wichita, KS Sales data for May, 2008 and YTD 2008
- 07/12/08 09:11 AM
Wichita, KS Sales Figures for May, 2008
Plus YTD Information
Real estate sales for May, 2008 compared to May, 2007 were down 19.8%. YTD sales were down 13.1% for the same period. While that may look bad on the surface, Listings were down 11.3% year-to-date and 17.5% May, 2008 compared to may, 2007 which kept the over all market balanced.
There was some surprising good news in the May, 2008 data. Days on the market (DOM) decreased to 65 days for all prices ranges for existing homes in May. YTD days on the market were only slightly higher at … (1 comments)
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wichita real estate: 1st quarter, 2008 Market conditions for Wichita, Kansas
- 06/05/08 07:33 AM
1st Quarter, 2008 Market Conditions
for
Real Estate in
Wichita, Kansas
Money Magazine just reported 1st quarter information on Median home prices and projections from May, 2008 to May, 2009. Wichita ranked #10 with a projected increase in value of 1.5%. The highest ranked city was Rochester, NY at 2.7% of value. Only 24 of the top 100 cites in the US are projected to show any increase in value of homes in the next year.
Wichita also showed only a 9% increase in foreclosures from last year. Wichita ranked ahead of 90% of the top 100 markets in … (2 comments)
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wichita real estate: Wichita, KS cost of living
- 05/14/08 04:25 AM
Living on the east and West Coast and want to transfer to Wichita, KS for less expensive housing and good jobs? Check these cost of living #'s below:
A person living in Orange County, CA making $107,300 would only need to make $65,000 in Wichita, KS and have the same standard of living. A person living in Prince William County, VA Making $87,600 could get by on $65,000 too. In Orange county, Housing is over 200% more than Wichita's prices and in VA, Housing is over 100% more.
Take in consideration the thousands of job openings in the oil … (1 comments)
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Wichita is a top SALAD City
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