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Wichita, KS MLS stats for the 3rd quarter, 2007

By
Real Estate Agent with The Wichita Home Team with KW Signature Partners

Wayne "SHORTY" Short             

 

Data from the 3rd quarter of 2007 is still showing our West office leading the city in listings sold.  Our 30 agents are out producing offices with well over 100 agents.

Our company with around 45 agents was the #2 company in listing sold.  The company that beat us had over 300 agents.

All the RE/MAX offices (120 agents) were #1 in listing sold for franchises.

RE/MAX agents made up 26% (7) of the top 27 agents while only having 5% of all agents.  CB, KW and Prudential who have agent counts of 150+, 170+ and 320+ only had 3, 1 and zero agents in the top 27 agents.  Congratulations to all of the RE/MAX agents for their sales in the first 9 months of 2007.

Realtor.com reported in June on Unique visitors to National Real estate web sites.  Realtor.com of course was the #1 searched site (that is why I still do the enhanced listings on Realtor.com).  The top Real estate company or franchise was REMAX.com. at  #6.  C21 came in at #10 and CB came in at #11 at about ½ the traffic of REMAX.com.

Some interesting production statistics on business done by the 2300 MLS agents in the Wichita, KS area:

600 associates or about 26% of the Realtors have still not had a sale.

1082 agents have had no more than 2 sides sold or about 47% of the MLS agents.

62% of the MLS agents have had 5 or less, sides sold.

The top 1.5% of MLS agents did 15% of all sales.

The top 5% of MLS agents did 34% of all sales.

 

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July, 2015 Mid-year Real Estate Report

 

For the United States, NE Oklahoma and the Grand Lake area.

 

 

 

Nationally, June Home sales were the highest of any month since the RE/MAX National Housing report began in 2008.  In the last 5 month each month’s sales were higher than the proceeding moth and the same month one year ago. The median sales price of homes sold in June was $224,671, 7% above a year ago.  Nationally, supply still lags demand with only a 3.6 month supply of housing.  A 6 month supply is a balanced market.

 

 

 

Nationally, April, May and June saw an increase in inventory but June’s inventory was still 11.8% below a year ago.  For example the DFW area reported only a 1.8 month’s supply of homes. Grand Lake’s supply of housing was almost 14 months.

 

Nationally The average home lost $13,067 of equity value in the last 9 years but over the last 3 years the value of a home went up $45,533 and that equity loss should be wiped out in another two years.  The Tulsa area was not hit nearly as bad.  The last 3 years equity gain was only $21,100 but the 9 year position was a $19,400 value increase over 2006.  The Grand Lake area is still behind values 9 years ago but values are slowly rising.  The only negative to a faster recovery will be the dramatic decrease in oil prices and increase in job losses in the oil industry and how that impacts buyers from the OKC, Tulsa and Wichita, KS area.

 

Grand Lake real estate sales

 

2015 sales started slow but are beginning to accelerate. There were 426 residential sales in the 1st 6 months of 2015, a 2.9% increase but Junes increase over June, 2014 was 40.8% or 100 sales compared to 71.

 

Pending sales at the end of June, 2015 were up 13.4% over June, 2014 and YTD pending sales were up 5%.  During June, 2015 32 homes went under contract priced over $200,000, 34 homes sold between $100,000 and $200,000 and 27 homes were sold under $100,000. 

 

The number of listings available for sale was down 11.4% at the end of June, 2015 compared to a year ago. The greatest need seems to be homes under $100,000 that are stick built so they can qualify for government loans. (USDA, FHA and VA)

 

Homes are selling at 91% of last listed price, the highest level in over a year.  If no new listings entered the market it would take about 13.5 months to sell Grand Lake’s entire inventory.  This number is three times the national average for major metro areas.