Why buy in the Wichita, KS MSA
Why buy in 2007
Why use RE/MAX and RE/MAX Realty Professionals
· CNN reported this Summer that Wichita, KS was the eighth most under valued market in the U.S. at 16.3% below national norms.
· Forbes reported the Fall of 2007 that Wichita had the 9th best job market in the united states
· The National Association of Realtors reported that Wichita ranked #16 of the top 100 U.S. markets in projected increase in property values from April, 2007 to April, 2008.
· Wichita is projected to have a 3.1% increase in appreciation of home prices over the next year. The 1st quarter of 2007 the value increase was 4.3% and the value was flat for the 2nd quarter.
· The National Association of realtors has ranked Wichita #56 of 219 markets in affordability of housing and homes were priced at 108% of the median U.S. value.
· Wichita was rated the 9th “Best Big City” to live in as reported by Money Magazine, 2007.
· Derby , KS was voted one of the “Ten Best Towns for Families” by Family Circle Magazine in July, 2007
· Wichita has the 2nd highest concentration of high to low paying jobs in the U.S. Only NY, NY was rated higher.
· Forbes Magazine, in 2006, named Wichita the Number 1 place to live the good life cheaply. Wichita also ranked among the top 32 cities for quality of life.
· Kansas ranks among the 10 sunniest states in the U.S.
· Boeing Military, Spirit Aerospace, Beech, Cessna and Learjet all our hiring engineers and workers with close to 1,500 job openings.
· Road construction, a new Airport terminal, the down town Arena, the down town Water Walk, Old Town expansion and commercial expansion are in process or projected for the area.
· Wichita has become the major medical center for Central and Western Kansas, Northern Oklahoma and Eastern Colorado.
· The unemployment rate has decreased from 2006 to the mid 4% range.
· Wichita ranked # 87 out of the top 100 real estate markets in Foreclosures. Only 13% of the markets had fewer Foreclosures.
· 7,054 homes have been closed in the 1st 7 months of 2007.
· A person making $65,000 in Orange County, CA would only have to make $37,768 in Wichita to maintain the same life style.
· Wichita was the 79th ranked MSA in growth over the last 10 years out of 287 MSA’s
· Wichita has high rental prices and high occupancy rates compared to comparable sized cities in the region. High rents/occupancy means future home sales.
· A married couple making over $61,300 can deduct the interest paid from their income and save on taxes at a 25% rate. Canada has stopped giving a mortgage interest deduction.
· Thru 2006 The Wichita metro housing market experienced 6 years of record breaking growth. The 1st 7 months of 2007 has the market down 2% in units closed but still 5% better than 2005, the 2nd best year ever for Wichita.
· Existing homes for sale are actually down 5% from last years level and new home inventory is up 2% from last years level.
· The absorption rate for homes in the $0 to $300,000 range is 3.75 months.
RE/MAX Realty Professionals had the #1 individual office (West maple) in listings sold, the #3 company in listing sold and the #1 franchise (RE/MAX) in listings sold. They did this with substantially less agents than the other companies. In fact, RE/MAX Realty professionals had 22 sides sold per agent in the 1st 7 months of 2007. The next closest company of the top 7 sellers in the Wichita area only did 44% as good.
27% of the Wichita MLS agents did not have a sale and 50% had 2 or less sales in the 1st 7 months compared to the 20+ sales of RE/MAX Realty Professionals agents.
Why buy in 2007
Why use RE/MAX and RE/MAX Realty Professionals
· CNN reported this Summer that Wichita, KS was the eighth most under valued market in the U.S. at 16.3% below national norms.
· Forbes reported the Fall of 2007 that Wichita had the 9th best job market in the united states
· The National Association of Realtors reported that Wichita ranked #16 of the top 100 U.S. markets in projected increase in property values from April, 2007 to April, 2008.
· Wichita is projected to have a 3.1% increase in appreciation of home prices over the next year. The 1st quarter of 2007 the value increase was 4.3% and the value was flat for the 2nd quarter.
· The National Association of realtors has ranked Wichita #56 of 219 markets in affordability of housing and homes were priced at 108% of the median U.S. value.
· Wichita was rated the 9th “Best Big City” to live in as reported by Money Magazine, 2007.
· Derby , KS was voted one of the “Ten Best Towns for Families” by Family Circle Magazine in July, 2007
· Wichita has the 2nd highest concentration of high to low paying jobs in the U.S. Only NY, NY was rated higher.
· Forbes Magazine, in 2006, named Wichita the Number 1 place to live the good life cheaply. Wichita also ranked among the top 32 cities for quality of life.
· Kansas ranks among the 10 sunniest states in the U.S.
· Boeing Military, Spirit Aerospace, Beech, Cessna and Learjet all our hiring engineers and workers with close to 1,500 job openings.
· Road construction, a new Airport terminal, the down town Arena, the down town Water Walk, Old Town expansion and commercial expansion are in process or projected for the area.
· Wichita has become the major medical center for Central and Western Kansas, Northern Oklahoma and Eastern Colorado.
· The unemployment rate has decreased from 2006 to the mid 4% range.
· Wichita ranked # 87 out of the top 100 real estate markets in Foreclosures. Only 13% of the markets had fewer Foreclosures.
· 7,054 homes have been closed in the 1st 7 months of 2007.
· A person making $65,000 in Orange County, CA would only have to make $37,768 in Wichita to maintain the same life style.
· Wichita was the 79th ranked MSA in growth over the last 10 years out of 287 MSA’s
· Wichita has high rental prices and high occupancy rates compared to comparable sized cities in the region. High rents/occupancy means future home sales.
· A married couple making over $61,300 can deduct the interest paid from their income and save on taxes at a 25% rate. Canada has stopped giving a mortgage interest deduction.
· Thru 2006 The Wichita metro housing market experienced 6 years of record breaking growth. The 1st 7 months of 2007 has the market down 2% in units closed but still 5% better than 2005, the 2nd best year ever for Wichita.
· Existing homes for sale are actually down 5% from last years level and new home inventory is up 2% from last years level.
· The absorption rate for homes in the $0 to $300,000 range is 3.75 months.
RE/MAX Realty Professionals had the #1 individual office (West maple) in listings sold, the #3 company in listing sold and the #1 franchise (RE/MAX) in listings sold. They did this with substantially less agents than the other companies. In fact, RE/MAX Realty professionals had 22 sides sold per agent in the 1st 7 months of 2007. The next closest company of the top 7 sellers in the Wichita area only did 44% as good.
27% of the Wichita MLS agents did not have a sale and 50% had 2 or less sales in the 1st 7 months compared to the 20+ sales of RE/MAX Realty Professionals agents.
