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FEBRUARY 2021    |    VOL.  2021.3      

HAPPY NEW YEAR!

Did you know that Wichita has never seen such low housing inventory?! The housing market has been on fire this past year with record-low mortgage rates and a sudden wave of relocations made possible by remote work and schooling. Meanwhile, home prices have pushed new boundaries as buyer demand continues to surge. Residential construction continues to face limiting factors, including higher costs and longer delivery times for building materials, an ongoing labor skills shortage, and concerns over regulatory cost burdens. Home buyers’ choices are increasingly limited. The number of homes for sale across South Central Kansas sank to an all-time low in December, dipping below 1700 for the first time ever! Our inventory is down 39.3% and buyer activity is up compared to 2019. Home buyer demand remains high into January, causing bidding wars for the few homes on the market. Home prices are up by double-digit numbers compared to a year ago.
“The shortage of homes for sale has been an ongoing issue for the last couple of years, but in December, the combination of the holiday inventory slowdown and the pandemic buying trend caused it to dip to its lowest level in history,” says Danielle Hale, realtor.com®’s chief economist. “Looking forward, we could see new lows in the next couple of months as buyers remain relatively active. Thinking of Selling? Now could be the perfect time! Low interest rates combined with the equity in your current home, you could have the opportunity to step into a larger or more luxury home without the additional monthly cost! Contact us today to discuss your options.
FROM OUR BLOG
Sherwin Williams 2021 Color of the Year

Sherwin Williams has announced their color of the year, and man do we LOVE IT! The bold Urbane Bronze replaces the soft greys of 2018-2020.
Tap into nature with a hue whose warmth and comfort breathe down-to-earth tranquility. Our 2021 Color of the Year, Urbane Bronze, captures that simple sophistication every space is searching for.

 

Now more than ever, our homes have become the backdrop to our lives, reminding us that the moments worth cherishing have always been right in front of us. As we're looking to create the ultimate retreat for reflection and renewal, we're turning to a hue whose natural simplicity and nature-inspired energy cultivate a sense of calm from the ground up.

Source: Sherwin Williams
READ FULL ARTICLE

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OPEN HOUSE SUNDAY

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View all open houses in Wichita and surrounding towns.
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1814 N RED BRUSH ST, Wichita


NEW PRICE: $750,000
 
6 BED  | 4.5 HALF BATH  |  3 CAR GARAGE  | 5286 SQ FT

This is the opportunity you've been waiting for to get into The Preakness at Wilson Estates. Close to everything you need, this warm and inviting 1 1/2 story home situated on a beautifully landscaped over half acre lot with breathtaking water views
VIEW LISTING
1814 N RED BRUSH ST       WILSON ESTATES
This information is not verified for authenticity or accuracy and is not guaranteed. You should independently verify the information before making a decision to purchase. © Copyright 2020 South Central Kansas MLS, Inc. All rights reserved. Please be aware, property may have audio/video recording devices in use.
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