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The Lawrence Board of REALTORS®
Monthly Newsletter
May 1, 2017
HIGH LOW AVERAGE MEDIAN TOTAL PRICE CLOSED SALES
$599,900 $25,000 $212,759 $185,000 $80.0 million 376 +3% Units
+5% Volume $555,000 $25,000 $209,481 $182,450 $78.7 million
431 0 54 19 98.4% of List
HIGH LOW AVERAGE MEDIAN TOTAL PRICE CLOSED SALES
$1,299,000 $35,000 $208,956 $169,900 $76.2 million 365
$1,125,000 $25,000 $204,285 $168,500 $74.5 million
711 0 60 31 97.7% of List
MARKET UPDATE...Includes residential sales data in the MLS for Lawrence & Douglas County only
SALES JAN 1-APR 30, 2017
LIST PRICE:
SOLD PRICE:
DOM:
SALES JAN 1– APR 30, 2016
LIST PRICE:
SOLD PRICE:
DOM:
Lawrence Board of REALTORS®, 3838 W. 6th Street, Lawrence KS 66049 785-842-1843
CITY OF LAWRENCE
$IDEWALK REPAIR$
City of Lawrence Manager Tom Markus is pushing to enforce a longstanding sidewalk repair policy, requiring property owners to pay for repairs to sidewalks that border their properties. The condition of a property’s sidewalk is a major item to consider in the sale of a home. Although an uneven or cracked sidewalk may not have been deal killer over the years, the sidewalk condition may now result in a required and costly repair.
City inspectors began inspections of sidewalks early this year, and the City Manager has asked the City Commission to consider an administrative policy that directed city staff to enforce the city’s longstanding ordinance. However, commissioners have deferred the request, and will discuss the issue of sidewalk maintenance as part of the city’s upcoming budget process. Stay tuned! Although the City’s decision may resulting in a “sharing of the costs,” it is likely that some costs will be required of the property owner. Read the LJWorld article about this at — http://www2.ljworld.com/news/2017/mar/22/lawrence-city-commission-defers-proposal-enforce-s/
Our originally scheduled speaker has cancelled. Our new Featured Speaker will be announced soon!
Tuesday, May 23rd @ 11:45 am at Maceli’s—$7 Please call 785-842-1843 today to make your reservation and payment. Or, purchase online your luncheon reservation at http://LBORStore.com
Reservations may be transferred...please notify the LBOR Office if you transfer your reservation.
MAY 23rd LBOR LUNCHEON
Luncheon Sponsor
Attention Brokers, Agents, and Home Inspectors
The Lawrence Board of REALTORS®
Monthly Newsletter, May 1, 2017—Page 2
Lawrence Board of REALTORS®, 3838 W. 6th Street, Lawrence KS 66049 785-842-1843
May 3 — MLS & Rules Committee Meeting, 9am, LBOR Office.
May 4 — Education Committee Meeting, 1:30pm, LBOR Office.
May 6 & 7 — Spring Parade of Homes
May 10 — LBOR Board of Directors, 8:45am, LBOR Office Any members may attend
May 10 — ListHub Market Smarter 2.0 FREE Seminar: Be Productive, Not Busy! 1pm, LBOR Office
May 11 — Governmental Affairs GAD Search Committee, 9am, LBOR Office
May 23 — LBOR Luncheon, Maceli’s, 11:45am, Just $7
May 24 — Technology Committee Meeting, 9am, LBOR Office
May 26 — Retirement Reception for Donna Field, 10am—12pm. Come & Go Open House, LBOR Office
May 29 — Memorial Day LBOR Office Closed.
May 31 — New Member Orientation, 9am-12pm, LBOR Office
June 13 — “Ask the Appraiser” Lunch & Learn, by the Education Committee. 11:30am, at the LBOR Office
June 14 — LBOR Board of Directors, 8:45am, LBOR Office Any members may attend
Entire Calendar Online
THE EDUCATION COMMITTEE PRESENTS
ASK THE APPRAISER, Lunch & Learn
Brad Eldridge, Douglas County Appraisers Office June 13th from 11:30am to 1pm. Do you understand the process that is involved in collecting data & setting home values? Brad hopes to share information, and give insight into valuing residential properties.
Please sign up by contacting the LBOR at 785-842-1843 or by emailing [email protected].
MLS COMMITTEE UPDATE
Listing Visibility Type—For ALL Saved Searches, ensure that the new field called “Listing Visibility Type” has a value of MLS Listings, to see listings that are visible to all MLS users.
- - - - - - - - - - - - - - - - - - - - -
Zillow Data Feed — Select Include to send your listing to Zillow:
As a result of Zillow’s announcement to block agents from manually entering a listing after May 1, the LMLS now has a Zillow Data Feed for agents to use to send their listings to Zillow.
Simply, if the listing is to be displayed at Zillow &Trulia, the agent will select “Include” at the time of listing input, or in listing maintenance. Selecting Exclude will prevent the listing from being included in the Zillow Data Feed.
KAR Volunteer Opportunities
It’s now time to volunteer for 2018 KAR Com mittees. By serving on a KAR Committee you will help to identify products, services, and policies that will benefit the membership and
promote private property rights. Join with your colleagues across the state to make KAR better than ever. Apply online. June 15th deadline. Info at https://kansasrealtor.com/committee-descriptions/.
Make your KAR Awards Nominations now!
It’s time to make nominations for 2017 KAR awards! The deadline for submitting your nominations is May 15th, so don’t delay. Nominate your favorite REALTOR® for one of the KAR distinguished awards. To complete your nominations, go to https://kansasrealtor.com/award-winners/
If you have any questions, please reply to this email or contact [email protected].
The Lawrence Board of REALTORS®
Monthly Newsletter, May 1, 2017—Page 3
Lawrence Board of REALTORS®, 3838 W. 6th Street, Lawrence KS 66049 785-842-1843
COMMUNITY RELATIONS TAKES TO FACEBOOK
The SRE crew is pictured here during Bowl for Kids Sake Friday night. Thanks to all who have helped, donated, and participated. This year we’ve raised over $16,000! Way to go!!!
https://www.facebook.com/LawrenceBoardofREALTORS CommunityRelationsCommittee/
FREE TECHNOLOGY SEMINAR BY LISTHUB—MAY 10
Market Smarter 2.0
Be Productive, Not Busy
Board Staff answers Member questions…
Q. What is the difference between a
Cancelled and a Withdrawn listing?
A. Thanks for asking! There is a REALLY BIG difference!
A Cancelled listing status indicates that the listing agreement between the Seller and the Seller’s Agent has been terminated. This listing is no longer subject to a listing agreement, and agents may choose to market their services to this property owner. A Withdrawn listing status indicates that the listing has been removed from dissem-ination in the MLS system, however, the listing is still subject to a current and valid listing agreement. Agents who choose to market their services to this property owner may be accused of interfering with an existing agency agreement, which is a violation of license law. Days on Market & Days on MLS are suspended while a listing is in a Withdrawn status, and will resume once the status is returned to Active.
Have a burning question you’ve been dying to ask Board Staff? Here’s your chance!
Submit any/all questions to [email protected].
ASK the STAFF
The Lawrence Board of REALTORS®
Monthly Newsletter, May 1, 2017—Page 4
Lawrence Board of REALTORS®, 3838 W. 6th Street, Lawrence KS 66049 785-842-1843
The Lawrence Board of REALTORS®
Monthly Newsletter, May 1, 2017—Page 5
Lawrence Board of REALTORS®, 3838 W. 6th Street, Lawrence KS 66049 785-842-1843
MEMBERSHIP UPDATE New LBOR & LMLS Members Evan Holt, Stephens Real Estate Jessie Pepper, Keller Williams Diamond
Partners Brian Johnson, McGrew Real Estate Andrew Sobba, Keller Williams Diamond
Partners Robert Coleman, Stephens Real Estate Hilary Mumaw, Coldwell Banker Griffith & Blair Frances Faircloth, McGrew Real Estate Bailey Stuart, McGrew Real Estate Hannah Harris-Towns, Realty Executives,
Hedges Real Estate Elisabeth Ready, Realty Executives, Hedges
Real Estate Lynn Harrod, Stephens Real Estate Amber Darveaux, Town & Country Real Estate Aiden Mendez, McGrew Real Estate Patty Martin, American Dream Realty New LMLS Only Members Douglas Claussen, Baron Realty, LLC Jared Brunton, Baron Realty, LLC Ashley Rodgers, Your Future Address
Contract – Broker Responsibility for Agent Actions
Question: What is the responsibility of a broker when one of his/her agents has taken money from consumers that was to have been used to pay for repairs on a property? This action has resulted in a lien on the property by the un-paid contractor.
Answer: Although salespersons are viewed as independent contractors, the broker is responsible for supervision and has liability for wrongs done by the salesperson. Firing the agent and reporting this to the Real Estate Commis-sion while standing in and assuming responsibility for the wrongs of the agent is probably the appropriate course of conduct.
For More, go to: https://kansasrealtor.com/top-questions-legal-hotline-april-2017/.
Legal Hotline...Questions answered by Vern Jarboe
The Lawrence Board of REALTORS®
Monthly Newsletter, May 1, 2017—Page 6
Lawrence Board of REALTORS®, 3838 W. 6th Street, Lawrence KS 66049 785-842-1843
THE LBOR IS AN EVENT PARTNER OF THE 1ST ANNUAL
Lawrence KANSAS ECONOMIC OUTLOOK CONFERENCE The purpose of the conference is to provide insight into current local and national economies, addressing topics of interest to the community, region and state. A combination of state and local experts will be on hand to provide perspectives on issues affecting business, industry, education and government. Register online at http://Lawrence.cedbr.org.
