This week with R+K…
Real Estate Market Update:
- Looking back at January, home sales were up this year 22% over 2020, totaling 61 units sold.
- The average sale price in January was $249,017, an increase of 16.7% over last year.
- Inventory at the end of the month was 84 units, down from 215 units in January 2020.
All of this means, inventory in Lawrence is critically low, coming in at just 0.7 months of supply! For reference, a balanced market would be around 6 months of supply. If you've thought about selling your home, let's talk about how we can help you save with our flat-fee listing program...there's never been a better time to list!
Updates around Lawrence:
ICYMI, Lawrence Douglas County Public Health issued an order effective now that expands mass gatherings to 25 people, and allows bars and restaurants to stay open until midnight. As cases continue to decline, we look forward to the changes to come! Read the details here: https://ldchealth.org/ArchiveCenter/ViewFile/Item/546
Great Harvest Bread Co, a long time Lawrence business, just recently moved to their new location off of 9th St! It’s a very exciting move, and they’ve done a great job updating their menu (coffee and sandwiches!). Read more on the LJ World write up here, and visit their website to order online! https://www2.ljworld.com/weblogs/town_talk/2021/feb/18/longtime-downtown-bread-shop-moves-into-bigger-space-gets-into-the-sandwich-business/
Order here: https://greatharvestbreadlawrenceks.square.site/
Are you interested in exploring screen free, nature rich, and IN PERSON education for your kids? After the past year, I think many of us know that screen-based schooling is hard on both kids and parents. Prairie Moon Waldorf School meets those needs for pre-k – 8th grade, and will be holding two COVID-aware open houses soon, Feb. 27 and March 27 (both 9am-12pm). They are currently enrolling for Fall 2021, and offering a Summer day camp for 3-6 year olds as well. Learn more here: https://www.prairiemoon.org/
Weaver’s, our local department store since 1857, recently had a great article featured about them on Forbes.com! In the age of online shopping, it is an awesome accomplishment that Weaver’s is still going strong. Read the article here: https://www.forbes.com/sites/michaellisicky/2021/02/13/how-a-rare-independent-department-store-remains-healthy-and-optimistic-during-challenging-times/?sh=76e8870748b9
In other news relating to the status of business and retail in Lawrence, read some statistics about current vacancies here: https://www2.ljworld.com/weblogs/town_talk/2021/feb/12/pandemic-pushes-retail-vacancy-rates-in-downtown-lawrence-to-historically-high-levels-report-shows/ It’s sobering, but provides very concrete evidence as to why it’s so important to continue to shop local!
Ryan started a new video series this week answering random Real Estate questions; here's the latest:
Got questions for us? Send them to Ryan@exploringlawrence.com and he'll answer in an upcoming video!
Basking in thoughts of Springtime,
- Katie, Owner/REALTOR