wichita real estate: Wichita, KS real estate sales data. October, 2012 - 11/19/12 01:49 AM
October, 2012 Wichita Area Home Sales Data
Existing home sales in October, 2012 increased 17.3% over September, 2012 according to dada released by the South Central Kansas MLS.  They also increased 37.1 % over October, 2011.  Total sales of existing homes thru October, 2012 were 8% above the same time period in 2011.  The median sales price of existing homes was $124,186.  This was .9% over September and 9.5% over the same month in 2011.
New home inventory was down 28% from a year ago with 40 units sold last month.  The median price was 13% … (1 comments)

wichita real estate: Wichita, KS housing report for October, 2012 - 10/15/12 05:19 AM
October, 2012
South central Kansas MLS housing report
(Wichita, KS Metro area)
Existing sales for September, 2012 fell by 20% from the prior month and were 8.1% lower than September 2011.  Total YTD sales were up 325 units from a year ago. Existing home inventories continue to fall and are now 7.2% lower than they were in 2011 at 3,732 units.
New home sales were up substantially from the previous year, over 70% with 48 homes sold.  New home inventory did increase month over month but is still 29.9% lower than the same time … (0 comments)

wichita real estate: Wichita, KS real estate mortgage update, fall, 2012 - 10/03/12 08:09 AM
Wichita, KS Financial update for the Fall, 2012
By Wayne Short, broker/owner
Mortgage Interest rates continue at record low rates for the rest of 2012.
30 year fixed rate loans are at or below 3.5%
15 year fixed rate loans are at or below
Investors can get loans in the mid 4% rate with a 20% down payment.
What does this mean to you?  Real estate is again becoming the “BEST” investment someone can make.  It has the highest return of any safe place a person can put their … (0 comments)

wichita real estate: Sept., 2012 real estate update for the Wichita, KS metro area - 09/21/12 04:17 AM
September, 2012 Real Estate Update
Wichita, KS Metro area
The south Central Kansas MLS just released their August, 2012 Wichita, metro area homes sales Figures.
Existing home sales increased 5.1% between July and August and were 9.4% above a year over year basis.  The Average sales price of existing homes sold in august was $128,071 and the YTD average sales price was $123,251.
The average days on the market for the metro area YTD was 98 days with an average list to sales percentage of 96.2%. The highest list to sales are was SE suburban Sedgwick … (0 comments)

wichita real estate: May, 2012 Wichita, KS real Estate Update - 06/15/12 02:50 AM

May, 2012 Wichita, KS metro area
Real estate update
Mortgage Interest rates continued at Record lows for May, and June 2012.  Quotes for 6-15-12 were 30 year FHA fixed rate loans at 3.25%, Conventional loans were at 3.625%.
15 year fixed rate loans were 2.875% for both FHA/VA and Conventional loans
A $200,000 loan on a 30 year fixed rate conventional loan would only be $1,113 per month.
The South Central Kansas MLS just released their May Wichita area home sales figures.
Existing home sales increased 11.6% between April and May and … (2 comments)

wichita real estate: Wichita, KS economic news for march, 2012 - 03/20/12 04:59 AM

Wichita Economic news for March, 2012
Data following is from the RE/MAX National Housing Report:
Nationally, home sales in February were 8.7% higher than sales in February 2011.  This was the 8th straight month year-to-year sales have risen.  Of the 53 metro areas included in the survey, 45 saw increases over February last year and an impressive 26 metro areas saw double-digit jumps.  February inventory levels were 22.4% lower than the housing inventory in February 2011.  Reduced foreclosure activity and increased consumer sentiment appears to be the risen for the significant inventory drop. Average sales prices year over … (0 comments)

wichita real estate: Wichita, KS business and Real Estate update for Feb., 2012 - 02/22/12 05:07 AM
Wichita, KS metro area Real estate, Business and Financial update for February, 2012
Data from the South Central Kansas MLS shows that Home sales have stabilized in the last year and will increase in 2012. In 2011 there were 4.1% less existing home sales than 2010.  The 1st month of 2012 shows a 18% increase in sales compared to January, 2011. 
There were 12,759 new residential properties placed on the market in the MLS in 2011.  This was 11% below the amount listed in 2010.  In January of 2012 there were 1128 homes placed on the market, … (1 comments)

wichita real estate: Good news finally for the Wichita, KS metro area. - 11/07/11 04:04 AM
Why Wichita?
Friday, November 4th, 2011 I attended a seminar put on by the Wichita Area Association of Realtors.  The Professionals Development committee invited several people “in the know” about Wichita and its future to address Realtors about the future of the Area.
Speakers were:
Lavonta Williams, Vice Mayor of Wichita, KS
Pat George, Kansas Secretary of Commerce
John Rolde, CEO of Go Wichita and Visitors Bureau
Susie Ahlstrand, Interim President, Great Wichita Economic Development Coalition
Jack Pelton, Retired Chairman, President and CEO Cessna
Ron Whiting, Wichita Business Coalition … (2 comments)

wichita real estate: Wichita, KS Real Estate activity for the 1st Quarter, 2011 - 04/18/11 06:24 AM
Wichita, KS real estate report for April, 2011
The South Central Kansas MLS reported just data for the 1st quarter of 2011.  Existing sales increased 46% from February of 2011 but were 7% behind last year's #'s.  The average sales price Year to date for existing sales was $112,243.  Existing homes closings for the 1st quarter of 2011 were down 12% from a year ago and 38% below 2008 levels.
New home sales increased 17.9% over February and were 11.9% higher than a year ago.  The year to date average sales price of new homes was $264,278 for the 1st quarter … (0 comments)

wichita real estate: April, 2011 update Market update for the Wichita, KS metro area. - 04/04/11 09:20 AM
April, 2011 update Market update for the Wichita, KS metro area.
Good news for RE/MAX international in 2010.  Like all large real estate companies over the last few years RE/MAX lost or eliminated a number of low and poor producers.  Some were concerned that maybe RE/MAX had lost their leadership role in American and world Real Estate circles.  You need not have worried.  RE/MAX again continues to be the #1 Sales leaders in the U.S and Africa, Canada, The Caribbean, Europe and Latin America.
RE/MAX has been unstoppable in expanding its reach around the world.  Recent successful moves into countries such … (1 comments)

wichita real estate: 11-22-10, Wichita, KS Economic report. - 11/23/10 06:39 AM
November, 2010 Economic update for the Wichita, KS metro area.
Foreclosures increased to a 10 year high in the Wichita area in September but were still only 1.5 per 1,000 mortgages, more than ½ below the national average. Homeowners at least 90 days late were 3 in every 1,000 compared to almost 7 per 1,000 on a national level. In the last year at least 10% of all mortgage holders nationally were late at least one time during the year.
GDP Report: The economy is picking up steam……
The U.S. Economy continues to grow: The economy grew at a 2.5% rate … (0 comments)

wichita real estate: Wichita, KS real estate update, September, 2010 - 09/19/10 04:20 AM
September, 2010 Real Estate Report
Wichita, KS metro area
August sales were down about a third from 2009 but up slightly from July, 2010. August 2009 sales were 851 units and this August sales were 572 units.  YTD sales were 5,447 units.  This was 97% of 2009 sales, 76% of 2008 sales and 66% of 2007 sales.
Existing home inventory was up 2.2% with 4,378 homes in inventory compared to 4,282 last month.  The existing home inventory last month was 15.1% higher than it was a year ago.  Total existing homes on the market are at the highest level for any … (0 comments)

wichita real estate: January to June 2010, Wichita, KS Real estate update. - 07/18/10 04:21 AM

2010, 1st Six Months, Economic &
Real estate activity for the Wichita, KS metro area
The South Central Kansas MLS has released their June, 2010 figures for Wichita-area homes sales.
Existing home sales decreased by almost 10% between May and June, 2010. However, YTD sales increased by 10% due primarily to the Federal Tax Credit offered until 4-30-2010.  Many of the sales that closed in May and June were contributed to that Credit. 
New home sales increased dramatically (58.8%) from May with 77 sales compared to only 274 for the 1st 6 months. New Home inventory increased 11% to … (1 comments)

wichita real estate: Social Marketing, when do I have time.... - 07/14/10 09:40 AM
For the last two days I have been in Kansas City, MO at a Social Meeting seminar for RE/MAX agents.  Yesterday we covered Linked-in and Facebook and today we covered Twitter, You Tube and blogging. (yes we are talking about Active Rain).  My question to everyone is where do we find the time to do this RIGHT?
I have had these accounts before this Class but now that I have cleaned them up I will feel obligated to actually use the,  This means record a video too......I have gone out and found a number of videos that I have added to … (2 comments)

wichita real estate: Wichita, KS real estate update, May, 2010 - 06/25/10 03:15 AM
May, 2010 MLS Sales Statistics for the
South Central Kansas area including
The Wichita, KS metro area
Home sales in May increased 5.7% over April 2010 closings, nationally they decreased 2.2%. Closings in May 2010 were still up 23% compared to May 2009.  Average values of existing homes sold were up 2% over a year ago.  This was expected with the end of the federal tax credit April 30, 2010 and closings needed to take place over the next two months.  New contracts written since April 30th, 2010 and property showings are showing a downward trend (as much as 50%) and … (0 comments)

wichita real estate: Spring, 2010 real estate update for Wichita, KS - 06/03/10 05:00 AM
2010, Real estate update
Real estate closings were up 42% in the April-may time period, primarily due to the federal tax Credit that expired April 30, 2010.  Closings for May and June should be much higher than a year ago since June 30, 2010 is the cut off for closings if you want to qualify for the program.
Contracts written in May were still very solid for the 1st two weeks but faded the last two weeks to about ½ the previous two weeks level. This is usually the trend in May due to the end of school terms, graduation, River … (0 comments)

wichita real estate: Wichita, KS. Real estate activity for 1-1-10 to 4-30-10 - 05/24/10 04:44 AM
1st four months Sales data for the Wichita, KS metro area.
Residential real estate sales for 1-1-10 to 4-30-10
Existing home sales increased 33.9% between March and April, 2010.  The median sales price of homes increased 5.6% on a year over year basis. Sale YTD are 9% higher than a year ago.
Existing home inventory was down 2.4% compared to a month ago but home inventory is 11.6% higher than it was a year ago.  There were 3,765 residential homes on the market the end of April, 2010 in the South Central MLS district. .  There have been around 18% … (0 comments)

wichita real estate: march, 2010 Wichita, KS Real Estate report - 04/20/10 08:27 AM
March, 2010 Real estate sales Figures
For the
Wichita, KS Metro Area
The South central Kansas MLS released sales figures for March, 2010.  Existing home sales increased 180 units over February.  The median sales price of existing homes increased 9.7% over the same period.  These numbers were a huge increase over fairly dismal January and February sales and were only 98% of 2009 sales, 68% of 2008 sales and 61% of 2007 sales.
April and May sales will top these results once we see all the 1st time buyers who are getting Federal Tax credits close their loans. Personally contracts written … (0 comments)

wichita real estate: Housing trends for Wichita, KS - 04/12/10 05:22 AM
Real estate activity has certainly picked up in the Wichita, KS metro area this Spring (or maybe it was just really bad this winter). Contracts written at my office were up 29% in february, 231% in march and 300% the 1st 10 days of April over January's numbers.  Will it continue after 4-30-2010?  Only time will tell.
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you're in the market for a home, thinking about selling your home, or just interested … (0 comments)

wichita real estate: Real estate activity report for 2009 and projections for 2010 - 03/14/10 08:51 AM
Real estate activity report for 2009 and projections for 2010
The economy is growing but fallout from the recession continues to impact commercial real estate.  No commercial real estate recovery is expected before 2011.  The job market is expected to rebound in the 2nd half of 2010 and that will cause a rising demand for office and warehouse space says NAR Chief Economist Lawrence Yun.  Consumer confidence later this year will sustain the retail sector and encourage more people to enter the rental retail market.  February's increase in retail activity on top of the 4th quarter increase in 2009 seems … (2 comments)

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Wayne Short

Grove, OK

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