Wayne's Real Estate Blog

Why does the public have a poor attitude toward real estate agents?  Look at these stats from the 1st 3 months of 2008 for the South Kansas MLS. There are around 2100 members of the MLS.  Only around 52% of the members logged a side sold in the 1st Quarter of 2008.  In other words, over 1,000 age...

Sales were down in the Wichita MLS based on national news impact, inability of buyers to sell their existing homes in other cities and tightening of credit standards along with the elimination of sub-prime loans. Listing were also down at an slightly higher rate which caused the market in our are...

Wichita was ranked second by Forbes, 2008 in their list of the "Best Cities for Jobs"This same list ranked Wichita the fifth best city in income growth and the seventh best for cost of living and job growth.  Wichita is a key global competitor with nearly 50% of its products being shipped oversea...

Why own real estate in Wichita, KS  Wichita was named the #1 place in the country to live the good life cheaply, Forbes Wichita ranks in the top 32 cities nationally for quality of life.  Forbes Wichita was ranked last year the 2nd best real estate market in the Midwest.  Money Wichita's real est...

West Wichita sales data for 2007 Reflection Ridge and Fossil Rim:The average SOLD price was $312,358 with 43 sales and 89 avg. DOM (day on the market)The high sales price was $890,000 (Fossil Rim) and $479,900 in Reflection Ridge Tyler's Landing:The average SOLD price was $180,447 with 44 sales a...

All Real Estate is Local! Thank goodness I sell real estate in the Wichita, KS metro area.While real estate values are down 5% -10%-15% in other markets, the Stable Wichita market showed a 5.7% gain from Nov., 2006 to Nov., 2007.Wichita's real estate market after 7 years of increased units sold f...

FOR IMMEDIATE  RELEASE              RE/MAX Ranked the Top Real Estate FranchiseNational Survey Ranks RE/MAX Among Top Ten in Four Categories (Denver, CO -- January 16, 2007)   RE/MAX International is the nation's number one real estate franchise, and the number ten franchise overall, according to...

Wichita, KS economic updateJanuary, 2008 News for the Wichita, KS area is still very good compared to the rest of the country.  While the national unemployment rate rose to 5%, the number for December in Wichita, KS was 3.6%.   Interest rates for housing were 5.875% for a 30 year, fixed rate loan...

Statistical Data for RE/MAX Realty Pro Selected CriteriaFrom Jan 01, 2007 To Nov 30, 2007For Area Delimited By Entire Wichita MLS My Company's PerformancePositionUnitsValueAVG PriceAVDOMSold/AskedRank UnitsRank ValueTop UnitsTop ValueListing Company89888,387,11498,42774.897.22%352%3%Selling Compa...

Lots of good news today about the economy in the Wichita and KS area. Jobless rate in Wichita plunges:  In October the unemployment rate fell to 3.3% from 4.1% in September.  This is the lowest the rate has been since 1999. Cessna was the successful bidder for Columbia Aircraft in Oregon.  Columb...