2017 Market Study Analysis Results

Pursuant to KSA 1995 Supp. 79-1460a

A study of the residential real estate market for older houses in incorporated cities except in Herington and Hope i.e. built before 1946, indicated that there is an overall trend of 0% per year.

A study of the residential real estate market for newer houses in incorporated cities indicated that there is an overall inflationary trend of 1.5% per year.

A study of the residential real estate market in Herington, Hope indicated that there is an overall deflationary trend of -2.6% per year.

A study of the commercial real estate market indicated that the market has an overall inflationary trend of 5%

A study of the vacant land real estate market indicates the market is variable with some neighborhoods increasing in value and some decreasing.

Values on individual properties may not follow the general trend because of changes in the property, correction of descriptive information or adjustment of values based on sales of similar properties.