All Forum Posts by: Scott Seel

Stunningly remodeled 3 bed 1 bath home located within walking distance of Northview Elementary, park and Northview Pool. Virtually every inch of this home is brand new. Large living room with ample natural light, large back yard and awesome detached two-car garage/shop set this home apart from the competition. Call Scott w/Alliance Realty today for a private showing.

713 Tuttle St, Manhattan, KS 66502 | $169,900

1% rule is not really in play anymore with interest rates where they are. Drop me a message and I’d be happy to help with comps or anything else.

Scott

Versatile commercial building in the heart of downtown Riley. This property features:

- 864-square-foot store front space

- Two other office spaces

- More than 7,000 square feet of dry storage/warehouse space. 

An excellent space for whatever your business needs might be. You won't find more square footage for your money. Reach out for a private showing or more information.

302 S BROADWAY ST in Riley, KS 66531

Versatile commercial building in the heart of downtown Riley. This property features

- 864-square-foot store front space 

- Two other office spaces 

- More than7,000 square feet of dry storage/warehouse space. 

An excellent space for whatever your business needs might be. You won't find more square footage for your money. Reach out for a private showing or more information.

302 S BROADWAY ST in Riley, KS 66531

If you've been searching for a one-of-a-kind lake house, look no further. This unique property offers country living with a dash of that lake life. Just minutes from Wildcat Marina as well as the camping, fishing and other outdoor amenities offered at Tuttle Creek State Park, this house has it all. Entry level offers an open concept living room with exquisite limestone fireplace, tile floors and incredible woodwork. There are two main floor bedrooms, the primary bedroom offering a shared en suite bath as well as an additional limestone fireplace. 

The second main floor bedroom has a large closet as well as large built-in storage. The lower level features a walk-out as well as garage entry into the updated kitchen open to the floor above with granite countertops and a limestone hearth in the dining room. Lower level also features laundry, a full bath, third conforming bedroom and a non-conforming bedroom/office space. Call Scott w/ Alliance Realty for a private showing.

5 bd | 2 ba | 2,944 sqft 

5805 Pheasant Ridge Rd, Manhattan, KS 66502

$349,000

If you've been searching for a one-of-a-kind lake house, look no further. This unique property offers country living with a dash of that lake life. Just minutes from Wildcat Marina as well as the camping, fishing and other outdoor amenities offered at Tuttle Creek State Park, this house has it all. 

Entry level offers an open concept living room with exquisite limestone fireplace, tile floors and incredible woodwork. There are two main floor bedrooms, the primary bedroom offering a shared en suite bath as well as an additional limestone fireplace. The second main floor bedroom has a large closet as well as large built-in storage. The lower level features a walk-out as well as garage entry into the updated kitchen open to the floor above with granite countertops and a limestone hearth in the dining room. 

Lower level also features laundry, a full bath, third conforming bedroom and a non-conforming bedroom/office space. Call Scott w/ Alliance Realty for a private showing.

$349,000 | 5 bd | 2 ba | 2,944 sqft

That certainly has a nice ring to it!

Typically, as the weather cools in the Midwest so does the market. This creates advantages for folks looking to buy property. And sky-high mortgage rates are exacerbating the situation.

Is this winter the time for you to invest in real estate? Give me a call and we can talk about it.

📈 Thinking about investing in properties in or around Manhattan, KS? 

Over the last year homes across the United States have increased by about 15%. Manhattan's prices are up by almost 30% that amount. And Emmett, Saint Mary's, and Belvue have increased by more than 40%. Check out the rest of the fastest-growing home prices in our area, according to stats from Stacker.com 

Want to talk more about the investment climate in the Manhattan area? Reach out!

Friends, family, neighbors and clients are all asking the same question. Is Manhattan headed for a housing crash? And my answer to them over and over is an emphatic no.
Don't buy into the simple-minded analysis that our housing market is on steep decline. These concerns are based on comparisons to artificially high reference points over the last two years. Volume is down, but this is more of a supply issue than a demand issue.

This statement rings true across the U.S. and especially in central Kansas. 

In the past 30 days, Manhattan has seen 101 homes go under contract and only 75 came on the market to replace them. Median days on market for all homes sold in 2019 was 44. Compare that to the median days on market we've seen the last month: 16. Last year at this time homes were on the market an average of 18 days.

We are seeing home prices remain stable. In August 2021 the average sales price was $263,000, just slightly above what we saw last month at $260,000. And when you look at the 5-year trend, you'll see Manhattan home prices are up more than 27%. That upward trend is true for many communities in the Manhattan area. Here are some stats on the areas with the fastest-growing home prices, according to a Zillow analysis by the online publication Stacker. Cities were ranked based on changes as of July 2022.

So, if we aren't in a housing crash, what is happening? Throughout the Manhattan area we are seeing a correction from the unsustainably high market we've seen over the last 18 months or so. The sky is not falling. It's just coming back to earth.

Sources:
https://www.usatoday.com/story/money/personalfinance/real-estate/2022/09/20/why-builders-slashing-home-prices/10425241002/
https://stacker.com/kansas/manhattan/cities-fastest-growing-home-prices-manhattan-metro-area