Archive for Saturday, October 7, 2000

County, city home prices escalate

Number of area housing sales in pace with last year, report says

October 7, 2000


What a difference a year makes in the price of homes, anyway.

The average home sold in Lawrence last month went for $148,655, according to a report from Marion Johnson, Douglas County appraiser. That's up $17,309, or 13.2 percent, from a year ago.

Here's a look at Douglas County home sales during September, and the change from a year ago, according to Douglas County figures:Lawrence: 92 sales, down 1.1 percent.North Lawrence: 2, down 50 percent.Baldwin: 9, up 125 percent.Eudora: 6, down 45.5 percent.Lecompton: one, up from zero.Rural: 13, down 7.1 percent.Douglas County: 123, down 2.4 percent.

Purchase prices also increased across the county. The average deal in the county closed at $145,099 during September, which was up $10,756, or 8 percent, from a year earlier.

The increase in sale prices surfaced in a real-estate market awash in high-end homes. In recent months Lawrence has had enough new homes selling for more than $200,000 to satisfy a year's worth of buyers, said Lee Queen, president of the Lawrence Home Builders Assn.

"Everyone wants to sell," said Queen, whose organization's Fall Showcase of Homes continues today and Sunday.

The showcase features 21 properties with an average asking price of $262,000.

Johnson reported that the number of home sales remained fairly constant during September, as the market kept up with last year's pace.

There were 92 sales in Lawrence, down one from a year earlier. That brought the city's total for the first three quarters of 2000 to 1,094 homes sold, down three homes from the same period a year ago.

Declines in the past three months have offset early-year gains. Through June, the number of sales had been up 9.2 percent in Lawrence compared with the first half of 1999.

The county had 123 sales in September, down three from a year ago. That still left the county with 1,382 sales for the first three quarters, up two from the same period a year earlier.

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