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        <title>Faulkner Real Estate Blog</title>
        <link>http://www.faulknerrealestate.com/blog/hugoton-kansas-real-estate/</link>
        <description>Current real estate market information for Ulysses, Kansas and the surrounding southwest, Kansas area. Information about homes, land, minerals and commercial property in Ulysses, Hugoton, Johnson, Elkhart, and Rolla, Kansas including the Kansas count</description>
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            <guid>http://www.faulknerrealestate.com/blog/valuable-real-estate-stats-be-an-informed-buyer.html</guid>
            <link>http://www.faulknerrealestate.com/blog/valuable-real-estate-stats-be-an-informed-buyer.html</link>
            <author>cbfaulkner@hotmail.com (Super Admin)</author>
            <title>Valuable Real Estate Stats- be an informed Home Buyer or Seller.</title>
            <description> <![CDATA[ 
If knowlege is power, reading this blog will empower you, I hope. I'm a generally inquisitive kind of guy. I like to know what is happening, and I like to analyze why it's happening. So, I've been studying our southwest Kansas, Ulysses and Hugoton home markets closely. In this blog I'll talk specifically about our small residential real estate market. I'll share some insights into why homes sell, why they don't. I'll share strategies for helping your home sell well, or to help you make a good purchase decision. I am not the all-knowing all-being REALTOR, however I've been in this industry for quite some time. Plus, I took a statistics class once in college; so surely that qualifies me.?


First let's discuss our southwest Kansas market in general. It's not large, not event average in size. Compared to the rest of the nation we're a tiny market with a very rural location. We don't have a typical Buyer or Seller, but our Buyers and Sellers are every bit as unique as those looking for a 3rd floor walk-up in New York, just different. When you start to look at raw data generated from our local southwest Kansas MLS system you can draw some disturbing conclusions if you don't understand our market. In a small real estate market, like Ulysses or Hugoton, you can have large fluctuations from month-to-month. It is not unlikely to see fluctuations of over 100% from month-to-month. This is because we average around 50 homes sold per year in Ulysses, Kansas; or about 4 per month and even fewer in surrounding communities like Johnson, Kansas or Satanta, Kansas. Sell only two homes one month and you've got one scary home inventory statistic. The point being, take the time to work with a qualified professional who understands the market and knows what to draw from all of the information that is available at the push of a button these days. So, now that you understand the size of our housing market and it's impact on home sales statistics, let's dive in.


Ulysses, Kansas Market Snapshot:Homes Sold last 12 months: 50Average Days on Market: 91Average % of List Price: 95.82Average Sales Price: $114,011Median Sales Price: $91,000 Most Popular Price Range: $80,000-$89,999Price Range Selling Fastest: $30,000-$39,999 &amp; $60,000-$69,999 (23 &amp; 49 days)Most Popular Bedroom Count: 3 bedrooms (19 sales)


From this informaiton there are some clearly standout statistics. The fact that our average days on market is 91 days is fabulous. This takes into account the real stinkers on the market, some homes that have sat for over a year. Compare this to any large market during this same time frame and we look very good. Additionally, it's nice to know that homes are selling at nearly 96% of list price. We can derive two conclusions from this. Our homes are being priced by professionals and the professionals are generally correct. When homes are selling quickly, they sell close to the list price and vice-versa.What's more difficult to determine from these sales statistics? For one, the average sales price. In the last 12 months, not a single home sold between $100,000 &amp; $120,000 according to MLS. However, some (4) did sell around the media of $91,000. What this does let you know, is that homes in our area tend to be more affordable than the national average and don't count on getting exactly the average. As you can see, there were many more homes sold around $85,000 and surprisingly serveral around $140,000-$159,999. We have a strong market and we're seeing our top end extend as well. Last year we had 18% of our homes selling above $180,000 with the highest recoreded sales between $250,00-$299,999.Not surprisingly, our two swiftest home price ranges were lower price ranges. This price range is one that investors purchase in and also first-time buyers. The competition for a limited quantity of affordable homes catapulted this market to an average marketing time of between 23 and 49 days! In fact this small two bedroom home market had an average marketing time of 56 days compared to 116 days for 5+ bedroom homes. Little homes typically sell more quickly here.One should note that I'm writing this blog right at the begining of what is traditionally considered the "busy" season (spring of 2012). So the past 12 months included last spring's busy season. We should see an increase of sales and hopefully inventory. I am convinced that there is currently more demand in many price ranges than supply to satisfy them. People are waiting for the right home. This is further substantiated by the fact that the average marketing time is shorter than average in many price ranges and homes are selling closer to list price. One shouldn't ignore one other very important ingredient in our housing market- the lack of rental property! There are very few homes available for rent at any given time in Ulysses and Hugoton. These are small markets that see large homeowner turnover. Our energy companies are constantly shuffling people in and out of the area, some for short term. The availabilty of relocation and transfer packages have enable many to buy, however many more are not willing to take that risk. So, the market for rental is hot. The cost of building a new home in southwest Kansas most typically is much higher than our average used home price. Therefore, two things happen, we have fewer new home starts for single family dwellings and we have fewer investors willing to hang their neck out, for a slim cashflow, to build rental properties like apartments, condos, townhomes or duplexes.


To be continued...


A note on Zillow and other real estate statistics websites: Zillow is a fun website that became wildly popular in the last 5 years. This site is so popular because it allows the consumer to snoop around a market and draw a conclusion on the value of a home easily. Zillow provides what they've billed as "Zestimates" of value for any home in America. One important fact must be pointed out about homes in Kansas. To my knowledge, Zillow is not allowed sales information for Kansas. Unlike some states, like Colrado, Kansas is not an open-record state. You can't go online or to your local court house and find out what your neighbor paid for their home. So, while Zillow is a great shopping tool and can give you a glimpse of the market, don't go to market on a guess- contact a professional.
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            <pubDate>Thu, 17 May 2012 13:46:02 -0500</pubDate>
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            <guid>http://www.faulknerrealestate.com/blog/national-exposure-for-your-southwest-kansas-home-or-land.html</guid>
            <link>http://www.faulknerrealestate.com/blog/national-exposure-for-your-southwest-kansas-home-or-land.html</link>
            <author>cbfaulkner@hotmail.com (Super Admin)</author>
            <title>National Exposure for Your Southwest Kansas Home or Land</title>
            <description> <![CDATA[ 










 





Have you ever stepped back and thought
about all of the available avenues for marketing real estate in western Kansas?
Your mind can spin out of control and so can your bottom line. Do you place an
ad in the paper, what about the local cable channel? Should I write a blog?
Post it on Craigs list and hope I don't get scammed? Advertising can be
complicated and expensive. Luckily we've got a solution. Have a seat, pause
your mind and leave it to us.



&nbsp;



Our Marketing Mix:




Professional print publications

Newspaper advertising

Local cable advertising

Social media through Face book- ads, updates...

Online presence on Faulkner
     Real Estate and syndication through MLS, LandWatch.com, LandsofAmerica.com and their nearly 150 partner websites like Field and Stream, The High Plains Journal's Land Journal online...

Over 25 years of personal
     experience putting these tools to work to produce Results- The Reason Why!
     




&nbsp;



Faulkner Real Estate has over 25 years
of experience getting information about homes, land and ranches in front of
Buyers who are ready to make a purchase of real estate. We target local,
national and even international real estate markets to sell homes and land
quickly and for top-dollar. We use traditional methods like print and direct-mailing
of real estate brochures, as well as cutting-edge real estate marketing methods
like social media (face book) and organic search SEO (search engine
optimization). Sound like Greek? That's okay, it's why we sell more homes and
land in western Kansas than anyone else. We're happy to dig into the mundane
details of SEO, constantly revising and updating our information online, and in
print, to give our real estate listings the best exposure. It's tempting to use
some national company to market your real estate, but when it comes down to it,
we're all just people. We're either well trained &amp; knowledgeable or not. I
can tell you confidently, after working for a large company (Coldwell Banker)
we are better qualified and more knowledgeable of the Western Kansas real
estate market than any corporate office out of Kansas City or other metropolis.
We're on the ground here in Southwest Kansas selling the ground and everything
attached to it.&nbsp;&nbsp; 



&nbsp;



So when it comes time to sell your
western Kansas land, home, ranch, business or a little mix of each, call on the
real estate marketing experts. We love real estate and spend all of our time
involved in our career.&nbsp; 



&nbsp;



Chris Faulkner is a licensed REALTOR working for Faulkner Real
Estate out of Ulysses, Kansas. He specializes in the marketing of
Land and Ranches in western Kansas.&nbsp; 



 ]]> </description>
            <pubDate>Thu, 13 Oct 2011 11:25:26 -0500</pubDate>
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            <guid>http://www.faulknerrealestate.com/blog/new-houselogic-website-provides-helpful-information-for-homeowners.html</guid>
            <link>http://www.faulknerrealestate.com/blog/new-houselogic-website-provides-helpful-information-for-homeowners.html</link>
            <author>cbfaulkner@hotmail.com (Chris Faulkner)</author>
            <title>New HouseLogic Website Provides Helpful Information for Homeowners!</title>
            <description> <![CDATA[ 
&nbsp;Ready to take your homeownership to a new level. Have questions about tax credits, energy star ratings, weighing the cost of improvements vs the benefits? Take a look at HouseLogic today. HouseLogic is a helpful website developed by the Nationa Association of REALTORS to assist homeowners with home ownership. Read more about HouseLogic below and then visit the HouseLogic website to get on your way to carefree home ownership. 

The HouseLogic Story


What is HouseLogic.com?HouseLogic is a free 
source of information and tools&mdash;from the NATIONAL ASSOCIATION OF 
REALTORS&mdash;that can help you make smart and timely decisions about your 
home. &nbsp;


What can HouseLogic do for me?With content 
covering home improvement, maintenance, taxes, finance, insurance, and 
even ways you can get involved in and enrich your community, HouseLogic 
can help you increase and protect the value of your home by helping you 
make confident decisions.


Why did NAR create HouseLogic?NAR has been a
 champion of homeownership rights and opportunities for more than a 
century. Helping consumers become more informed, responsible homeowners 
is important to the stability and value of the housing market  and your
 overall enjoyment of your home.


From time to time, NAR may ask you to partner on issues or 
legislation that may impact you as a homeowner.&nbsp; Its up to you whether 
to participate in these causes.


Will my information be shared? I can't stand junk mail, 
spam, and dinnertime phone calls.We're with you. Well 
NEVER share or sell your email address or other personal information you
 may provide us with anyone without your explicit consent. 

&nbsp;

Chris Faulkner is a licensed REALTOR with Faulkner Real Estate in Ulysses, Kansas.&nbsp; 
 ]]> </description>
            <pubDate>Mon, 03 May 2010 19:41:00 -0500</pubDate>
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        <item>
            <guid>http://www.faulknerrealestate.com/blog/faulkner-real-estate-extends-innovation-with-new-high-powered-real-estate-website.html</guid>
            <link>http://www.faulknerrealestate.com/blog/faulkner-real-estate-extends-innovation-with-new-high-powered-real-estate-website.html</link>
            <author>cbfaulkner@hotmail.com (Super Admin)</author>
            <title>Faulkner Real Estate Extends Innovation with New High-Powered Real Estate Website</title>
            <description> <![CDATA[ 
For years now I have been dreaming of developing a more powerful, and useful, website for our customers. Although our market area is small by population we reach a very large geographic demographic. So, after several months of planning and talking and planning some more we have released www.faulknerrealestate.com 3.0.&nbsp;

This new website offers more tools for real estate buyers and sellers in Western Kansas than ever before. Now our customers can have the most up-to-date information on residential, agricultural and commercial real estate at their fingertips. Our new site offers so many amazing features you'll have to spend some time poking around to appreciate them all. However the following will stand out to you right away:

&nbsp;


Full-featured listings with detailed information on each property and multiple pictures

Your very own personalized account to save your favorite listings and communicate your needs and wants to your REALTOR

Integrated search technologies to help you find just the right property whether it's in Ulysses, Hugoton or somewhere in the Southwest Kansas region

Blogs - don't be shy, they're just like an online journal of useful real estate information in a casual formatt

Custom IDX - that a fancy acronym that basically means we have integrated with the local MLS boards and can now offer you information on our own properties and other companies. Faulkner Real Estate is now your one-stop-shop for real estate in Southwest Kansas. Remember, we co-broke with most real estate companies so you can feel free to look at any listing in Southwest Kansas with your Faulkner Real Estate agent. Don't worry about calling around to each office, just find the homes you like and let you Faulkner agent do the rest.


There are so many more useful features and so many great details relating to each feature, please enjoy. If at any time you need our help or would like to start working with one of our agents, please contact us.



Chris Faulkner, Associate Broker

620-575-6555 mobile

&nbsp;
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            <pubDate>Sat, 28 Feb 2009 15:39:59 -0600</pubDate>
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