Wayne's Real Estate Blog

The "Old Town" entertainment district in Downtown Wichita was just voted one of the "top ten neighborhoods" for revitalizing and cleaning up polluted areas in America's cities.   The Wichita City council has approved $25 million in industrial revenue bonds to be used to purchase the Broadview hot...

Wichita, KS metro Area Real estate report, September, 2008    Existing home sales fell 15.6% from the same period in 2007.  New home sales were down 15.1%.  Total existing sales dropped from 831 to 701 units.  Median # of days on the market increased slightly from 27 to 39 days.  Average price re...

October, 2008 Economic Update for the Wichita, KS MSA   Local plane makers at the NBAA  convention in Orlando Florida are continuing to see orders grow for business jets made in Wichita.  This year over 70% of all new jet orders have come from over seas.  Cessna Aircraft has now over 900 Cessna C...

Wichita's real estate market is not near as bad as other cities and states but the slowdown has difinitely reached the "Air Capital".   August closings compared to August, 2007 were down 16.5% for existing homes but volume of sales was up 5.2%.  New home sales were down 27.9% according to Wichita...

More Good Economic News for Wichita, Kansas, September, 2008       The Milken Institute, A think Tank from California ranked Wichita, KS the 3rd fastest improving city in the country on it's list of "Best Performing" cities in the country.  Wichita's rank overall improved from 114th to 45th of th...

Welcome to Wichita, Kansas    Wichita is the largest city in the state and was founded as a cattle town in the late 1800's.  In the early 1900's Wichita evolved into the "Air Capital" of the World building more general aviation aircraft than any other city.   Today Wichita is still builds more ai...

January through July, 2008 Wichita MLS Statistics.    July closings were down from the same period in 2007 but not as bad as May and June.  YTD stats showed a 14.2% decrease in the number of residential closings.  July showed a 11.3% decrease from last year to 986 units.  New residential listings...

More good news for Wichita, KS   We previously heard this summer that Cessna Aircraft was going to build a finale assembly plant in Wichita for it's new Jet, the Columbus model.  The Columbus intercontinental business jet will sell for $27,000,000.  Spirit Aerospace who had been picked to build t...

August, 2008, Wichita, KS Real Estate Update   Wichita's housing market is bucking the National trend in number of foreclosures.  The national rate is 1.6% of all loans and the Wichita area is running at about ½ of the rate.   During July sales were 11.2% below last years levels (the 2nd best on ...

Closings Rebounded in July from June, 2008.   TOTAL YEAR-OVER-YEAR SALES (new & existing):  In July, year-over-year (Y/Y) sales of Wichita-area single-family homes decreased by 11.5%, dropping from 1,112 sales in July 2007 to 984 sales last month. NEW HOME SALES:  Sales of new single-family homes...