Why buy in the Wichita, KS MSA......

Why buy in the Wichita, KS MSA

Why buy in 2007

Why use RE/MAX and RE/MAX Realty Professionals

•·        CNN reported this Summer that Wichita, KS was the eighth most under valued market in the U.S. at 16.3% below national norms.

•·        Forbes reported the Fall of 2007 that Wichita had the 9^th best job market in the united states

•·        The National Association of Realtors reported that Wichita ranked #16 of the top 100 U.S. markets in projected increase in property values from April, 2007 to April, 2008.

•·        Wichita is projected to have a 3.1% increase in appreciation of home prices over the next year.  The 1^st quarter of 2007 the value increase was 4.3% and the value was flat for the 2^nd quarter.

•·        The National Association of realtors has ranked Wichita #56 of 219 markets in affordability of housing and homes were priced at 108% of the median U.S. value.

•·        Wichita was rated the 9^th "Best Big City" to live in as reported by Money Magazine, 2007.

•·        Derby , KS was voted one of the "Ten Best Towns for Families" by Family Circle Magazine in July, 2007

•·        Wichita has the 2^nd highest concentration of high to low paying jobs in the U.S.  Only NY, NY was rated higher.

•·        Forbes Magazine, in 2006, named Wichita the Number 1 place to live the good life cheaply.  Wichita also ranked among the top 32 cities for quality of life.

•·        Kansas ranks among the 10 sunniest states in the U.S.

•·        Boeing Military, Spirit Aerospace, Beech, Cessna and Learjet all our hiring engineers and workers with close to 1,500 job openings.

•·        Road construction, a new Airport terminal, the down town Arena, the down town Water Walk, Old Town expansion and commercial expansion are in process or projected for the area.

•·        Wichita has become the major medical center for Central and Western Kansas, Northern Oklahoma and Eastern Colorado.

•·        The unemployment rate has decreased from 2006 to the mid 4% range.

•·        Wichita ranked # 87 out of the top 100 real estate markets in Foreclosures.  Only 13% of the markets had fewer Foreclosures.

•·        7,054 homes have been closed in the 1^st 7 months of 2007.

•·        A person making $65,000 in Orange County, CA would only have to make $37,768 in Wichita to maintain the same life style.

•·        Wichita was the 79^th ranked MSA in growth over the last 10 years out of 287 MSA's

•·        Wichita has high rental prices and high occupancy rates compared to comparable sized cities in the region.  High rents/occupancy means future home sales.

•·        A married couple making over $61,300 can deduct the interest paid from their income and save on taxes at a 25% rate.  Canada has stopped giving a mortgage interest deduction.

•·        Thru 2006 The Wichita metro housing market experienced 6 years of record breaking growth. The 1^st 7 months of 2007 has the market down 2% in units closed but still 5% better than 2005, the 2^nd best year ever for Wichita.

•·        Existing homes for sale are actually down 5% from last years level and new home inventory is up 2% from last years level.

•·        The absorption rate for homes in the $0 to $300,000 range is 3.75 months.

RE/MAX Realty Professionals had the #1 individual office (West maple) in listings sold, the #3 company in listing sold and the #1 franchise (RE/MAX) in listings sold.  They did this with substantially less agents than the other companies.  In fact, RE/MAX Realty professionals had 22 sides sold per agent in the 1^st 7 months of 2007.  The next closest company of the top 7 sellers in the Wichita area only did 44% as good.

27% of the Wichita MLS agents did not have a sale and 50% had 2 or less sales in the 1^st 7 months compared to the 20+ sales of RE/MAX Realty Professionals agents.