Kansas Housing Market Stats – May 2016

Market StatsJackson County Home Sales Rose in May
Total home sales in Jackson County rose by
27.3% last month to 14 units, compared to 11
units in May 2015.  Total sales volume was
$1.8 million, up 20.2% from a year earlier.

The median sale price in May was $95,500,
down from $153,000 a year earlier.  Homes
that sold in May were typically on the market
for 39 days and sold for 99.1% of their list price.

Jackson County Active Listings Down at end of May
The total number of active listings in Jackson
County at the end of May was 44 units, down from
74 at the same point in 2015.  This represents a 3.1
months supply of homes available for sale.  The
median list price of homes on the market at the end
of May was $94,900.

During May, a total of 16 contracts were written down
from 20 in May 2015.  At the end of the month, there
were 20 contracts pending, compared to 14 at the end
of May 2015.

 

Kansas Housing Market Stats – April 2016

April StatsNortheast Kansas Home Sales Fell in April
Total home sales in the Northeast Kansas MLS System fell
last month to 22 units, compared to 35 units in April
2015.  Total sales volume was $2.7 million, down from a
year earlier.

The median sale price in April was $118,750, up from
$100,000 a year earlier.  Homes that sold in April were
typically on the market for 25 days and sold for 97.2% of
their list price.

Northeast Kansas Active Listings Down at End of April
The total number of active listings in the Northeast
Kansas MLS System at the end of April was 231 units,
down from 295 at the same point in 2015.  This
represents a 10.5 months’ supply of homes available for
sale.  The median list price of homes on the market at the
end of April was $97,500.

During April, a total of 30 contracts were written up from
29 in April 2015.  At the end of the month, there were 46
contracts pending, compared to 45 at the end of April
2015.

Land Auction – June 2, 2016

Nocktonick AuctionJackson County Land Auction – THURSDAY, JUNE 2, 2016

441.59 Acres m/l in one tract NW of Mayetta, KS
S2, 14-8-14 and approximately 120.26 acres SW4, 13-8-14

330 Acres mostly terraced (some tiles) tilled farm ground, 40 acres alfalfa, 30 acres waterways, 5 ponds.  Current crop and hunting leases in effect for 2016 season.  Possession of Ag Land shall be
November 1, 2016.  Hunting lease expires December 31, 2016.  Seller is
Retaining all lease payments.

JUNE 2nd, 2016 10:00 a.m. closing on or before July 8th, 2016
YOUR PLACE OR MINE  –  501 E 5th St. Holton, KS 66436Nocktonick Auction

Seller is offering a $200 per acre discount for a Seller carry, finance package for 10 years.  Seller and Buyer to split equally the cost of the Title Insurance and Title Closing Cost.  Final bid subject to Seller confirmation.  Announcements Sale Day take precedence over prior information.

$100,000 Non refundable earnest money due on Auction Date!  Kansas Secured Title will be the escrow agent for earnest money and closing.  If the Seller finance package is elected by Buyer, an additional $150,000 will be due at closing.  The loan balance shall be payable semiannually for ten years at 4.0% interest with the first payment due July1, 2017.  Buyer and Seller to split equally the cost of escrow at Denison State Bank for Seller financing.  This loan cannot be paid off early.  If Buyer is obtaining their own financing, no financing contingency will be allowed.  Any inspections deemed necessary by Buyer, shall be paid for by the Buyer and shall be completed prior to Auction Date.

SELLERS:  ADAM, JR. AND RUTHANN NOCKTONICK TRUST

Soil Sample Map
Picture 1
Picture 2
Legal
Survey

Ag land like this in one farmable tract is hard to find!
Directions:  Head North from 158th Rd and L Rd to the property.  Land is on East side of L Rd.

Roger Hower, Associate Broker
Kellerman Real Estate
785-364-8272
rhower@kellermanrealestate.com
101 W 4th St.
Holton, KS 66436

 

Kansas Housing Market Stats – March 2016

March Market StatsNortheast Kansas Home Sales Rose in March
Total home sales in the Northeast Kansas MLS System
rose by 33.3% last month to 28 units, compared to 21
units in March 2015.  Total sales volume was $2.8 million,
up 68.7% from a year earlier.

The median sale price in March was $74,100, up from
$60,000 a year earlier.  Homes that sold in March were
typically on the market for 77 days and sold for 95.5% of
their list prices.

Northeast Kansas Active Listings Down at End of
March

The total number of active listings in the Northeast
Kansas MLS System at the end of March was 213 units,
down from 291 at the same point in 2015.  This
represents a 7.6 months’ supply of homes available for
sale.  The median list price of homes on the market at the
end of March was $109,000.

During March, a total of 28 contracts were written down
from 33 in March 2015.  At the end of the month, there
were 41 contracts pending, compared to 43 at the end
of March 2015.

 

Cindy’s Adventure to DC!

I left Kansas City early morning for Washington DC to the Independent Insurance Agents and Brokers of America (IIABA) national legislative conference.  I serve as the national director of the Kansas Association of Insurance Agents (KAIA) to the IIABA.  The rest of the Kansas delegation is arriving today and tomorrow but for now the fun begins.  Small world story.  Cindy Bontrager and Harry Moser, from our area were also on my flight to DC.  Cindy was on KSU business and Harry was on KLA legislative business.

My first thing to do after checking in to the hotel was to grab my running shoes and hit the streets.  Touring DC on foot is fabulous!!  I headed South on 9th street to the Mall area (not the shopping one, the National Mall) but before I got there it only seemed to be the thing to do to run East down Pennsylvania Avenue to the Capitol.  Once there I encountered the usual tourist groups and school kids getting their first glimpse of DC.

After checking out a group of protestors on the East lawn of the Capitol I ventured farther East to the Historic District known as Capitol Hill.  Kristy and I discovered this cute area on foot last year.  I thought some more exploring was due.  I hadn’t had lunch and figured I’d find a great local restaurant and for sure I did.  A local foods type of restaurant with fresh baked breads and salads.  I ended up with an Argula salad with walnuts, balsamic Washinton Monument and the Reflection Ponddressing and goat cheese smothered wheat bread.  Seriously to die for.  Something I could eat and then still go run.

I then headed back from the direction I came, West towards the Capitol.  It was time to tour the Smithsonian.  Building by building.  10 minutes was fast.  LOL.  The tour was from the outside as I trotted down the sidewalk.  This time I also included the run down the National Mall, which a year later is still under an infrastructure renovation.  I made it to the Washington monument, WWII memorial, the Reflection Pond, and Lincoln Memorial.  I blogged sitting on the East steps of the Lincoln Memorial towards the Capitol.  What a sight.  I never get tired of this beautiful architecture.  I often wonder what our forefathers would think of the mess this world is in these days.  A democracy that they might have trouble recognizing.

I headed next to the White House and typical there is usually someone doing strange stuff around there and lots of security.  I found a guy painted all in silver doing a dance to “Don’t Worry Be Happy.”  Seems a bit of an oxymoroLincoln Memorialn in that setting.  Just my opinion 🙂

I headed back to the hotel after that.  My running tour of DC is my most favorite thing to do here.  I estimate my travels added up to 7-8 miles today.  Not bad!  After dinner this evening with other IIABA members from Washington and Maine, Kansas was lucky enough to have a night time tour of the Capitol courtesy of Congressman Pompeo.  We got to actually sit in the House Chambers and take night time pictures from the Speakers balcony which is on the West side of the Capitol looking towards the monuments.

What a great day!!!

Kansas Housing Market Stats – July 2015

2015-07 stats cardKansas home sales rose by 7.2 percent in July 2015 compared to the same period last year, according to new figures released by the Kansas Association of REALTORS®. Sales totaled 4,062 units in July, up from 3,789 units in 2014. In comparison, sales on a national level rose by 10.3 percent for the month.

“Home sales continue to outpace new listings being added to the market,” said KAR president, Todd Woodburn with Coldwell Banker Plaza Real Estate in Wichita. “As a result, supplies are at historically low levels and sale prices are up dramatically over last year.”

Across the state there were 13,559 active listings at the end of the month. Supply of new and existing homes on the market – which is determined by taking the number of active listings and dividing by the number of sales – represents 3.3 months.

The statewide average sale price last month was $193,452, compared to $181,435 in July 2014. This represents an increase of 6.6 percent. The statewide median sale price last month was $164,500, compared to $154,900 for the same period last year. According to the National Association of REALTORS®, the median home price in the Midwest rose by 6.6 percent to $186,500. The national median existing home price was $234,000, which is 5.6 percent above last year’s figure. The median price is the value for which half of the homes sold for more and half sold for less.

According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage last week was 3.93 percent.

For more than 90 years, the Kansas Association of REALTORS® has been the “Voice for Real Estate” in Kansas. Working for Kansas property owners, the Association provides a facility for professional education, research and information exchange among its 8,500 member licensees, as well as to consumers, government and the media. REALTORS® agree to abide by a strict code of ethics, and are held to a high ethical standard by their peers through their association membership. The term REALTOR® is a federally-registered trademark owned by the NATIONAL ASSOCIATION OF REALTORS®, and denotes membership in the non-profit Association.

Outdoor Fun