Real Estate Guide December 2019

Page 1

EMPORIA

R E A L E S TAT E

ED R U T A FE OPERTY H PR HE MONT OF T e4 See

Pag

1509 West 20 Park Place


DECEMBER 2019

EMPORIA AREA MLS STATISTICS

House hunting?

Emporia Area Current Month Summary Statistics Home Sales

Emporia Area Home Sales Fell in November

November 2019

2018

27

35

Change -22.9%

Total home sales in the Emporia area fell last month to 27 units, compared to 35 units in November 2018. Total sales volume was $3.4 million, down from a year earlier.

Active Listings

104

144

-27.8%

Months' Supply

2.7

3.8

-28.2%

New Listings

29

38

-23.7%

The median sale price in November was $105,000, down from $115,000 a year earlier. Homes that sold in November were typically on the market for 59 days and sold for 95.1% of their list prices.

Contracts Written

24

28

-14.3%

Pending Contracts

34

32

6.3%

Average

Emporia Area Active Listings Down at End of November

Sales Volume (1,000s)

Median

The total number of active listings in the Emporia area at the end of November was 104 units, down from 144 at the same point in 2018. This represents a 2.7 months' supply of homes available for sale. The median list price of homes on the market at the end of November was $104,950. During November, a total of 24 contracts were written down from 28 in November 2018. At the end of the month, there were 34 contracts pending, compared to 32 at the end of November 2018.

3,361

4,845

-30.6%

Sale Price

124,470

138,430

-10.1%

List Price of Actives

143,976

139,099

3.5%

83

41

102.7%

Percent of List

94.6%

94.3%

0.3%

Percent of Original

89.6%

92.6%

-3.2%

Sale Price

105,000

115,000

-8.7%

List Price of Actives

104,950

118,500

-11.4%

Days on Market

59

20

195.0%

Percent of List

95.1%

94.8%

0.2%

Percent of Original

91.1%

93.4%

-2.4%

Days on Market

Property Page Thursdays

TEG

Your Association Working for You! As a member of the Sunflower Association of REALTORS® you have access to a wide array of benefits, business tools, market data, educational opportunities and discount programs designed to help you succeed in today's market. The Sunflower MLS statistical reports are just one of the many benefits you receive from being a member of SAR.

Contact Information Linda Briden, Chief Executive Officer Sunflower Association of REALTORS® 2130 SW 37th Topeka, KS 66611 785-267-3215 Linda@SunflowerRealtors.com www.SunflowerRealtors.com

• • • • • • • •

Three-YearSunflower Comparisons – Page 2 of REALTORS® Association 2130 SW 37th, TOPEKA, KANSAS 66611 / (785) 267-3215

www.sunflowerrealtors.com Year-to-Date Statistics – Page 3

December 9, 2019 Closed Listings Analysis – Page 4

Sunflower Association of REALTORS® Releases

Active Listings Analysis – Sales PageFigures 8 for November 2019 Emporia Area Home Months' Supply Analysis – Page 12 Homes sales in Lyon and Coffey counties fell by 22.9% in November compared to the prior year. Sales in

November 2019 totaled units, 13 down from 35 in 2018. New Listings Analysis – 27 Page

Among existing homes, 26 units sold in November, a decrease of 21.2% from 33 units that sold in 2018.

Contracts The Written Analysis – Page 16$119,296. This represents a decrease of 9.7% from the average sale price of existing homes was November 2018 average price of $132,131.

Pending Contracts Analysis – Page 20 A total of 24 contracts for sale were written in November 2019, down from 28 in November 2018. This is a decrease of 14.3%. Contracts written during the month reflect, in part, sales that will close in the near future. The inventory of active listings in Lyon and Coffey counties stood at 104 units at the end of November, which is down from 144 homes that were on the market at the end of November last year. At the current rate of sales, this figure represents 2.7 months' supply of homes on the market.

Prepared on 12/9/2019 courtesy of the Kansas Association of REALTORS® using data from the Sunflower Multiple Listing Service.

Page 1 of 23

Provided by the WSU Center for Real Estate

For questions and/or comments, please contact SAR CEO Linda Briden at linda@sunflowerrealtors.com www.wichita.edu/realestate or 785-267-3215.


DECEMBER 2019

PAGE 3

New Realtors to the Emporia Area Heather Foster 620-340-5432 Heather was born and raised in the Emporia area. She has been actively involved with the community through the years as a member of 4-H. She graduated Chase County High School in 2011 and has 7 years of customer service work. In Heather’s free time she loves spending time with her family, husband, friends, and 4 dogs. She also loves being outdoors, running, and being at the lake. Heather is excited to be a part of Ek Real Estate and ready to help you with all of your buying or selling needs. Gwen Longbine 620-341-0087 Gwen Longbine joins Ek Real Estate as a full-time agent, after ten years in radio sales at KVOE. Gwen graduated with a Business Administration degree from ESU, starting her career in Property Appraisal in Kansas City, MO with a private Property Tax Consulting Firm. Gwen Is married to Jeff Longbine, who serves as Kansas State Senator for District 17 and owns Longbine Auto Plaza. They have two daughters, Lauren and Lexie. She is excited to rejoin the Real Estate industry and would love the opportunity to be your Real Estate Sales Professional of choice. Whether you are selling or buying, her skill-set will ensure you a successful experience. Allex Wilson 620-757-5612 Allex Wilson was born and raised in Emporia, Kansas and has always loved this community. “It makes my day to be able to go anywhere in town and see a friendly familiar face.” He has worked at Starbucks for the past 3 years, and also has experience as a Production Supervisor at the Hostess plant. Allex graduated from Emporia High in 2012, and attended ESU shortly after. He is excited to be a part of the Ek Real Estate team. He is dedicated to making the process of buying and/or selling property as stress free as possible.

Residential • Commercial Industrial • Pier Hole Digging Aerial Reach “HONESTY WITH INTEGRITY IS OUR POLICY. ELECTRICITY IS OUR BUSINESS”

Put your home in our hands.

Tell your realtor or lender to choose the very best in title insurance and closing services. You do have a choice.

620.343.1490 • 423 Commercial, Emporia 328 Broadway, Cottonwood Falls • 620.273.6611


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DECEMBER 2019

1509 West 20 Park Place

Buying Real Estate?

Let us help!

• 15-, 20- & 30-Year Fixed Rates • Excellent In-house Financing • Low Secondary Market Rates

Judy Blaufuss Assistant VP

Eric Guenther Executive VP

620-341-7400 620-341-7420 www.mybankcnb.com

Carla Barnett President

Like us on 701 Merchant 1440 Industrial

• 4 Bedrooms • 3.5 baths • 3800 Sq. Ft. • Custom built in 1984 • Updated kitchen with new Quartz countertops, new appliances

• Oversized Double Garage with lots of built in cabinets • Sun Room • Full Basement • In-ground Sprinkler System

$425,000

KB Thomas Jr. - Broker • American Real Estate 620-757-8469 • kbthomas.point2agent.com


DECEMBER 2019

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5 Winter Home Safety Tips Family Features

When you see frost on the windows in the morning, feel the crunch of leaves underfoot and hear the roar of fire in the fireplace, old man winter has returned. While you often hear about cold-weather fashion and beauty essentials, there is some maintenance your home needs too. Give your sanctuary some love with these five steps from the home safety experts at Kidde. CLEAN YOUR OVEN Ranges and cooktops are involved in 62% of home fires, according to the National Fire Protection Association. Stovetops and ranges, in particular, caused 87% of home fire deaths. Particularly in the winter when comfort foods are prominent, it's necessary to clean your oven and stovetop to remove grease and fat, which can ignite. Always keep towels and oven mitts away from hot appliances. KEEP A KITCHEN FIRE EXTINGUISHER READY Research from the National Fire Protection Association shows about half of all home fires start in the kitchen, so it's important to have a fire extinguisher handy. Look for one specifically designed for kitchen applications, and keep the extinguisher behind

you when cooking. In the event of a fire, there's risk of burning yourself if you must reach over the fire to grab the extinguisher. KNOW HOLIDAY LIGHTING RULES About 75% of holiday tree fires happen in December or January, according to the National Fire Protection Association, making now the perfect time to start being vigilant. Some rules of thumb: use flame-resistant decorations, utilize lights properly indoors or outdoors and look for electrical decorations that are approved by a nationally recognized testing lab such as UL, Intertek or CSA. Also avoid plugging more than three light strings into each other; opt for a power strip instead. CHECK YOUR SMOKE ALARMS Check your smoke alarms to ensure they are less than 10 years old. Winter and the holiday season are peak times for home fires, but according to industry experts, few realize smoke alarms need to be replaced at least every 10 years. In fact, common misconceptions about smoke alarm maintenance, such as hardwired alarms don't need to be changed, can leave you more vulnerable. Smoke alarms are just like every other appliance; they need

replaced periodically. This includes units that are hardwired into your home, even if you have changed the batteries. If you've forgotten when the alarms were installed, check the date on the back of the smoke alarm. If you're interested in a long-term fix, alarms are available with a built-in 10-year battery. When times comes to replace the unit, the alarm will signal. INSTALL CARBON MONOXIDE ALARMS On average, one person dies each day from carbon monoxide (CO) poisoning in the United States. CO is known as the silent killer because you can't see, smell or taste this poisonous gas. During winter months, CO incidents spike but symptoms can easily be mistaken for the flu. Natural gas furnaces, water heaters, ranges, gasolinepowered tools, cars, woodburning stoves, fireplaces and more produce CO. Because CO doesn't rise like smoke, it mixes with the air and can go through drywall. From plug-in to battery-operated and LED display, CO alarms are available in a range of options. Install alarms throughout the home, particularly outside of sleeping areas. Find more holiday safety tips and information at Kidde. com.

MY LISTINGS Katie Mathews 620.344.2943

711 N Park Lane Ct Olpe, KS 66865

List Price: $10,000

Est. Monthly Payment: $47 Type: Land Lot Size: 39,204 Sq. Ft. MLS#: 207592 Enjoy almost an acre of land to build your dream home on! Located on a quiet cul-de-sac in the north part of Olpe.

0 Road L2 • Olpe, KS 66865

List Price: $35,000

Est. Monthly Payment: $167 Type: Land Lot Size: 5.0 Acres MLS#: 207060 Wow! Gorgeous 5 acre lots just 10 minutes from Emporia! Build your dream home and enjoy evenings fishing or simply taking in the views of this beautiful country setting. *All block A lots are $35,000. Block B lot 1 is $45,000.

503 .49 Acres Darryl Ln Olpe, KS 66865

List Price: $15,000

Est. Monthly Payment: $71 Type: Land Lot Size: 21,344 Sq. Ft. MLS#: 205935 Build your dream home on this beautiful Olpe lot. Great neighborhood with gorgeous views all around.

Emporia Real Estate 608 Commercial Street Emporia, KS 66801


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DECEMBER 2019

Make the Most of Your Bathroom Renovation a separate tub, the style you prefer may guide your overall design. The aesthetic for a bathroom with a focal point like a claw-foot tub is likely different from a jetted tub.

Family Features

Adding additional bathroom space to your home or renovating an outdated lavatory can improve your home's usability and increase its value, too. To get the most practical benefits and value out of your new space, there are several factors to consider. Before you get started, take into account these considerations about the design and function of your new bathroom from the remodeling experts at the National Association of the Remodeling Industry.

Storage

Space A primary consideration is the available footprint to create your new bath. This is often a concern as children reach their teen years and also with expanding families. If there aren't enough bathrooms in the house, you may want to add another, or it may be that you simply need to improve the layout and features to make better use of the existing space. For example, if the bath will be shared by multiple members of the family, a separation of the sinks from the rest of the room may be helpful.

Features Determining how you will use your bathroom dictates the features you'll want to include. A guest or hall bath is likely to have far fewer features than a master bath but may share some similarities with a kids' bathroom. First, you'll need to make decisions about basics like lighting, the number of sinks and amount of counter space you'll need. If you like baths, you'll need to decide between a tub and shower combination unit or separate facilities. With

still enjoying a water-rich environment. You can find water-saving features on everything from toilets to shower heads to even sink faucets.

Accessibility

Applying universal design principles to your project can promote safety and increase your home's appeal to a wider range of buyers in the future. In the bathroom, you can improve safety by incorporating non-slip flooring surfaces and ensuring the space is well-lit. Other ideas include adjusting counter and toilet heights to make bathrooms more accessible (wall-hung toilets should be approximately two inches higher). You could incorporate structural bracing around the tub, shower and toilet for grab bars. You might also consider a walk-in tub or stand-up shower with no threshold, levered handles for faucets and an adjustable showerhead. Find more ideas and inspiration for Sustainability your bathroom design at remodelingMany contemporary bathroom fixtures doneright.com. are designed with sustainability in mind, so you can manage your water usage while

Storage is one of the biggest concerns in any design, particularly in rooms as small as typical bathrooms. Carefully consider this aspect of the room during your pre-planning phase. To help determine how much space you need, make a list of all the items you need to store in the bathroom, including cleaning agents, toiletries, linens, first aid items and medications. It's a good idea to also think about where in the room you would like to store each of these items. You may want some of the toiletries in the shower area, while others will be used near the sink or dressing area.

Home Inspections Home Inspectionsof of Kansas Kansas Home or Nightmare? DreamDream Home or Nightmare?

What is that smell? What is that smell? be mold? CouldCould it beitmold? and Mold Inspection Radon Radon and Mold Inspection

Know what you Know what you are buying, have are buying, have it inspected by by it inspected an experienced an experienced inspector. inspector. 620-342-5841 Jerry Marshall620-342-5841 Jerry Marshall Cell: 620-481-5501

Owner/Inspector

Owner/Inspector

Cell: 620-481-5501

Serving All Surrounding Counties Eric, Janice, Brian Office: 342-1917 421 Commercial, Emporia 620-342-1917 Fax: 620-342-6888 www.moontitle.com


DECEMBER 2019

PAGE 7

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PAGE 8

DECEMBER 2019

Local

Agents,

AMERICAN Real Estate Business Broker. Kansas State Teachers College double major graduate in Business Management and Economics. If you are looking to buy or sell a business, call me today for a confidential interview. Large Double lot Partially Fenced Fresh Paint and New Carpet HVAC New in 2017 Refrigerator new in 2018 Roof less than 10 Years Old Extra Parking Space This is a nice home in a great neighborhood. It has been well taken care of and is a wonderful place to raise a family.

Local

Knowledge Katie Mathews Real Estate Agent

620.344.2943 katie.mathews@ coldwellbankerrealestate.com

Emporia Real Estate 608 Commercial Street Emporia, KS 66801

Marc Glades

2902 Prairie St., Emporia, Kansas

Real Estate Agent

Square Feet: 2150 Bedrooms: 3 Plus 2 Bathrooms: 3

620.364.5500 marc.glades@ coldwellbankerrealestate.com

Emporia Real Estate 608 Commercial Street Emporia, KS 66801

Wendy Watters Real Estate Agent

Rented for $700 Out of town owner. Looking for offer Square Feet: 2,000 plus Bedroom: 4 Bathroom: 2

All brick home, 20 unit motel Out of State owner Will sell for Cash $ $60,000

301 7th St, Strong City Bedroom: 3

AMERICAN Real Estate

Let KB Thomas Jr.’s 54 years of experience work for you. Member MLS 4% Real Estate Commission

KB Thomas Jr. - Broker 620-757-8469 • kbthomas.point2agent.com 815 Graham Street •Emporia • 620-342-9500

620.218.8243 wendy.whitten@ coldwellbankerrealestate.com

Emporia Real Estate 608 Commercial Street Emporia, KS 66801

Jase Hubert 620.481.7303 jase.hubert@ coldwellbankerrealestate.com

Emporia Real Estate 608 Commercial Street Emporia, KS 66801

Judy Turner Real Estate Agent

620.344.6165 mturner@sbcglobal.net

Real Estate 2171 US HYW-50 Emporia, KS 66801

Place Your Ad Here Contact The Emporia Gazette at

620.342.4800


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