Welcome to my blog. I am Greg Clark a Realtor in Wichita, KS I have started this blog so that those who want to can keep up on the Wichita, KS Real Estate Market. If you are buying or selling a home in Wichita you need to know what the market is doing. To search for homes or find the estimated value of your home go to my website at www.wichitahomesonline.net . Ok lets get started. I pulled data from 1/1/2008-3/7/2008 and compared it to 1/1/2009-3/7/2009. In the time frame for 2008 their were a total of 2,570. Of that 1,307 were sold which is 50% of what was on the market. In 2009 There where less people selling their homes at 2,314 , Of These 884 sold. Which comes out to 38% we are down about 12% year to year.
So how have prices held up.....last year the average sale price for a home in Wichita, KS was $131,989. In 2009 this number is $137,292. While other areas of the U.S. have seen almost a 50% decrease in home prices we have seen our usual 2-4% appreciation. Wichita, KS has never had huge increases in price, that's one of the reasons owning a home in Wichita, KS is a good investment. Another number we can look at is days on the market, in 2008 this number was 75. 2009 DOM is still 75. The average home still sells just as fast as it did a year ago.
First-Time home buyers, if you haven't heard already you can get and $8,000 tax credit just for purchasing your first home. What is a First-Time home buyer....anyone who as not owned a primary residence in the last 3 years. More details on the First-Time home buyer credit at www.wichitahomesonline.net
Thanks for checking out my blog, if there is anything I didn't cover that you want to know email me at gregclark@wichitahomesonline.net
Saturday, March 7, 2009
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