Hutchinson Kansas Real Estate Market Report For 2007

By
Real Estate Agent with Brian Rodgers Companies, Realty Executives

Hutchinson, KS 67502

Here are the sales numbers primarily for the Hutchinson Kansas real estate market. Last year I reported that total real estate sales increased about 1.2% over 2005.

For 2007, the residential sales in Hutchinson (only) volume dropped 3.1%. However in the outlying cities and towns that we service also, volume dropped by 10.2%. Most of this volume drop occurred in the second half of 2007(sub-prime mortgage meltdown).

The average sales price in Hutchinson for 2006 was $102,000 but that increased to $110,000 in 2007.

Although Hutchinson residential sales dropped 3.1%, commercial sales actually increased by 21% Multifamily sales increased by 16%.

After crunching all these numbers, Hutchinson (only) had an increase in total sales of about 3/4 percent.

When you compare a drop of 3.1% with the national average drop of well over 10%(much higher in coastal areas) you can see that Hutchinson is doing pretty well.

The dynamics are in place for The Hutchinson Kansas (KS) area to continue growing. With new homes under construction, great roadways , a very progressive chamber of commerce, new industries, other new businesses and restaurants, etc. Hutchinson is on an long upward spiral.

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