East Wichita Real Estate Market Conditions & Reports, East Wichita Market Trends, Kansas

Market Commentary Provided by Top Agent
I think our market has declined at a slower rate than the national market primarily because we don’t have huge price increases even during great market conditions. Our property values remain pretty consistant. What we are seeing is the negative impact that the national news media has on buyers, causing them to be afraid to step out into the buying market. Again I would have to say that we need to do a better job at informing the public that it is a great time to buy a home in Wichita and surrounding communities. Interest rates are fantastic and if you remain within you economic comfort zone, you have the ability to purchase a home that will appreciate in value at a steady rate.

Report Date

Spring 2010

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Nearest Metro Area

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

90-120 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$175,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down 5-10%

Prices As % of Asking Price

90-95%

Multiple Offers?

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in East Wichita is

Seller Activity for the past 90 days in East Wichita is

Is Financing Available For Qualified Buyers in East Wichita?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

College Hill and Northeast Wichita Derby, Andover, Rose Hill and Maize

Reason to Buy/Sell

Other

Average Sold Price

$175,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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