What’s New In Manhattan - July 2023

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Written By Travis Hecht
Broker/Partner

As we start July 2023, I wanted to take a moment to answer the age old question that REALTORS get on an almost daily basis!  How is the real estate market?  This is a loaded question for most Agents as the market is very segmented into prices, home size, and other factors.  Generally speaking the market remains strong in most segments, but cools as prices go above $450,000.  We still see the most market ready homes going on and selling quickly, however the average days on market overall has grown.

Inventory is up slightly, but down compared to historical Flint Hills area home inventory by about 50%.  Typically we see Pre-Covid numbers of 450-550 homes on average on the market and currently we are under 300 homes on the market, but up from 2021 and 2022 numbers.  Because interest rates have doubled since that same time, homes under contract have also dropped with the year over year amount of homes under contract down about 22%.  This means the buyer pool for certain price points has declined, while other price points are stronger.

Now more than ever is a great time to reach out the a Coldwell Banker Real Estate Advisor team member and discuss your buying or selling strategy.  No one monitors the economics of the real estate market like we do.  Enjoy your Fourth of July celebration and remember the reason for the celebration.  Oh, and if you are in the Flint Hills for the 4th of July, make your way to Boomtown USA, Wamego, Kansas for the best fireworks display in the State of Kansas!


July Office Announcements

One of our agents, Kayla Jordan, will be celebrating her birthday the 26th of this month! Please join us in wishing her a Happy Birthday!
Brecken Klein will be celebrating her Licensure Anniversary on the 22nd of this month. Please join us in congratulating her on a successful 7 years!
Andy McIlvaine
Andy Mcilvaine will be celebrating his Licensure Anniversary also on the 22nd of this month! Please join us in congratulating him!
Travis Hecht, our Managing Broker, will be celebrating his Licensure Anniversary on the 26th of this month. Please join us in congratulating him on his success. 
Colton Haug will be celebrating his Licensure Anniversary on the 27th of this month!! Please join us in congratulating him on his success the last 2 years!

We hope you have a fun and safe celebration!

Look for us at the Boomtown USA parade in Wamego, KS this year! We will be walking and handing out goodies! The Boomtown USA firework show was named the BEST in Kansas, so it's not something you want to miss. Make sure you get there with plenty of time to find parking and walk to your "landing spot." We hope to see you there!!


The Agents in Blue at our June Partnership, Happy Hippie

Our agents dropped by Happy Hippie for lunch earlier this month and absolutely loved it! We definitely understand the buzz! They are the perfect addition to Manhappiness! Our coupon never expires so make sure you go in to redeem it and welcome them to the Little Apple! 

 

For more, make sure to head to our Facebook page.


How to Lower Your Summer Energy Costs

Everyone always dreads that initial electric bill going into Summer, but it doesn't have to be that way. There are many things you can do to prepare your A/C for the Summer heat like cleaning ducts, upgrading systems, maintenance you've been putting on... the list goes on and on. Okay so you've done the upgrades, you've done you're cleaning, but your bill is still higher than you want. Here are some tips that may help you obtain/maintain that low electricity bill:

  1. Seasonal tuneup of your system
  2. Close shades or blinds during the day
  3. Raise your thermostat when you're gone
  4. Check for drafty windows or doors
  5. Ceiling fans or standing fans
  6. If needed, upgrade your system

Enjoy your free water bottle from manhattan brewing co.

This month we are partnering with the beloved Manhattan Brewing Company! Take your dog down to the patio and get yourself a FREE water bottle when you purchase a 4-pack or Growler. 

If you did not receive a coupon and want one, please give us a call at 785-776-1100.


And don't forget about last month's partner!


Local Market Update

Travis Hecht, real estate professional at Coldwell Banker Manhattan
Article Author

Travis Hecht

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