Wichita Kansas, Great housing market!
I feel for all of you around the country in poor markets. I welcome all of you who are moving to Wichita Kansas, welcome to Midwest stability. See www.realtyworldwichita.com to search metro area homes!
Our 12 month rolling average shows the market to be down almost 3%, but home values are up almost 5%. For the last 2 years our home values have risen 9%!
Our average price home 2 years ago was around $115,000, we’re now up to $126,000. Average days on market last year was 62 days, this year it’s 63 days. I guess you could say we’ve suffered a little with the rest of the country, but very little.
We didn’t make big bucks while some parts of the US was on the roller coaster. We just keep rolling along at a very stable rate.
So what can you buy in Wichita (metro area) Kansas? For the upper end, $350,000 (yes, upper end) can get you a 1.5 story home, 2300 ft up, plus a full finish walk out basement on a lake. 3 car garage, lot size 150 x 90. Around $170 gets you 1500 sq ft ranch, 3 car, 75 x 120 lot, view out basement with no finish. These are NEW homes. In the resale, sizes will be comparible depending on location. Several communities here have homes in the very low $100’s, new, around 1100 ft.
When you’re comparing a different location, remember that salary is only as good as what you can buy. Housing (your most expensive investment) is as cheap here as anywhere else! For more about Realty World Wichita, http://activerain.com/rwwichita
August 19th, 2007 at 4:55 am
Nice article, thanks!