The Lawrence Board of REALTORS® Monthly …...2017/05/08  · The Lawrence Board of REALTORS® Monthly Newsletter May 8, 2017 HIGH HIGH LOW AVERAGE MEDIAN TOTAL PRICESALES JAN 1 CLOSED

The Lawrence Board of REALTORS®

Monthly Newsletter

May 8, 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

MLS COMMITTEE UPDATE Listing Visibility Type—For ALL Saved Searches, the new field called “Listing Visibility Type” must have a value of MLS Listings, to see listings visible to all users.

Zillow Data Feed — Select Exclude/Include for the field Zillow Data Feed. 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.

Be Productive, Not Busy !

Watch this Short Video for a Sneak Peek

Wednesday, May 10 1:00—2:00 pm LBOR Office

Join us for a real estate technology seminar exclusively for LBOR Members! This FREE seminar includes 3 simple steps to help you improve your productivity so you can focus your time and attention on what matters!

Reserve your spot today! In addition to walking away with tons of new tips and tools, all attendees will be automatically entered for a chance to win a $250 Visa Gift Card.*

Presenter Shoshanna Lefcourt Real Estate Marketing Expert

Guest Speaker:

William D Keel, Ph.D. Professor, University of Kansas Sister City Advisory Board, City of Lawrence

Learn about the sister cities program and how it enriches our community.

Tuesday, May 23rd @ 11:45 am Maceli’s—$7

Please call 785-842-1843 today to make your reservation and payment. Or, purchase online

http://LBORStore.com

Reservations may be transferred...please notify the LBOR if you transfer your reservation.

MAY 23rd LBOR LUNCHEON

Luncheon Sponsor

The Lawrence Board of REALTORS®

Weekly Memo, May 8, 2017—Page 2

Lawrence Board of REALTORS®, 3838 W. 6th Street, Lawrence KS 66049 785-842-1843

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 17 — Kansas Economic Outlook Conference, 11:30am—2:00pm, DoubleTree Hotel, Registration Required. $75 (see page 4)

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 8 — Community Relations Committee, 9am, 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

June 15 — Education Committee 1:30pm, LBOR Office

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].

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].

ASK the STAFF Board Staff answers Member questions…

Q. I recently sold a property that wasn’t in the Lawrence MLS (such as a FSBO, or a listing from another MLS). Can I report that sale to the Lawrence MLS so that it shows up in my SOLD inventory?

A. Yes—this is called a “FYI.” After closing, input the property data into Paragon, using “House” as the Listing Agent. Once input, send a SOLD Notice to [email protected]. On the SOLD Notice use “Non-Member” or “FSBO” as Company, and “House” as Agent. You will be listed as the Selling Agent/Office in the bottom section of the SOLD Notice. No listing agreement is required, because the listing agent is a non-member (you are selling agent only).

If in the process of selling a FSBO, you have a Listing Agreement signed by the Seller, remember to follow the procedures for ALL listings, and submit a copy of the listing to the MLS by midnight of the 3rd business day (even if the Seller signs to withhold from dissemination in the MLS).

Have a burning question? Submit to [email protected], or call us at 785-842-1843.

The Lawrence Board of REALTORS®

Weekly Memo, May 8, 2017—Page 3

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/

Attention Brokers, Agents, and Home Inspectors

YARD SIGNS and the CITY SIGN ORDINANCE Some of the most frequent questions that come to the LBOR Office involve Yard Signs!

A Yard Sign is permitted on a residential lot as long as it is placed out of the right of way (typically behind the sidewalk if a sidewalk exists, or a similar distance if not). A 2nd Yard Sign may be placed on additional street frontage, such as on a corner lot.

Open House signs, flags, and a directional arrow may be used after 5 PM on Fridays, but must be taken down by Sunday at 5 PM.

The City Sign Ordinance is available at: http://www.lawrenceks.org/city_code/system/files/chapter05.pdf

The Lawrence Board of REALTORS®

Weekly Memo, May 8, 2017—Page 4

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.

BE AWARE… They’re at it again!

Scraping your listing data from various sites, including the photos you’ve taken, and using the information to create a fictitious ad, with a “Too good to be true” rental offer!

Some of these strangers go to great lengths to make the deal seem very legit, but all seem to have one common characteristic: The owner is not in the area and money is sent in exchange for a promise...sight unseen!

Recently, when a Lawrence agent reported a rental scam to the police, he was advised to contact the Attorney General’s Office, who directed him to an FBI Internet Crimes website. The website is https://www.ic3.gov, which is a portal to report internet crimes. The site is geared to persons who have been victims and have lost money.