It was an odd year for Lawrence’s real estate and building industries, a new set of statistics show.
Lawrence home sales fell slightly in 2010, but the number of new homes built in the city increased by about 23 percent for the year.
Here’s a brief look at the data, which comes from the annual figures from the Lawrence Board of Realtors and the city’s building permit report.
• Partially stimulated: The federal stimulus program that offered homebuyers several financial tax credits did produce healthy months for Lawrence real estate sales early in 2010. But for the entire year real estate sales fell by 1.1 percent. The Lawrence Board of Realtors reports 1,239 sales were made by its members in 2010, down from 1,253 in 2009. The numbers also are down from 2008 totals when 1,286 homes were sold.
• Building bounce-back: The city issued 152 building permits for single family and duplexes in 2010. That’s up 23 percent from 2009’s total of 126. It also is up from the total of 114 in 2008.
• A taste for the new: Perhaps builders started more new homes in 2010 because that is what buyers wanted. The number of newly built homes sold in 2010 was 115, up from 96 in 2009. That’s an increase of 19.7 percent. It also marks a reversal from a serious slump in 2009. New homes sales in 2009 dropped by 26 percent.
• Price increases: Although sales were a tad weaker, prices were a tad higher in 2010. The median sale price in 2010 was $158,000, up from $155,000 in 2009. The median price is down from 2008 totals, when it was $159,900. The median selling price of new homes also increased slightly in 2010. The median was $229,822, up from $225,725 in 2009.
• Topping $100 million: Overall, the city issued building permits for $101.8 million worth of projects. That was up from $75.3 million in 2009, but down from $146.5 million in 2008.
Here’s a look at the 10 largest construction projects of 2010:
• $9.45 million for a new Lawrence retirement center at Sixth and Folks Road
• $7.99 million for a new seven-story apartment, office and retail building at Ninth and New Hampshire
• $5.5 million for a first-floor remodel of Lawrence Memorial Hospital
• $4.86 million for the first phase to rebuild the former Boardwalk Apartments at 546 Frontier Road
• $2.9 million for a city and Kansas University transit facility at 1260 Timberedge Road
• $2.34 million for a new city pump station at 3820 Greenway Circle
• $1.6 million for a new Orscheln’s store at 1541 E. 23rd St.
• $1.48 million for Deciphera Pharmaceuticals’ new office and laboratory space on the upper floors of 643-647 Mass.
• $1.44 million for a city pump station expansion at 3613 Brush Creek Drive
• $1.43 million for the city’s Carnegie Library expansion at Ninth and Vermont.