Pott County’s average home-sale price rises by $5K

By The Mercury

Times news service

The average sale price of a home in Pottawatomie County was $181,342 in 2011 — about $5,000 higher than the previous year, according to Appraiser Lois Schlegel.

Schlegel told county commissioners Monday that 86 percent of those home sales were along the Highway 24 corridor between St. Marys and Manhattan, while 78 percent were along the corridor between Wamego and Manhattan.

The average residential sale price in the county has increased every year but one (2009) since at least 1998, when the average sale price was $80,467, according to Schlegel’s figures.

In 2009, the average residential sale price in the county dipped by about $11,000 — from $165,833 to $154,961 — but rebounded the following year to $176,410.

There were a total of 529 property sales in the county in 2011 — 23 less than the 552 in 2010. Those sales included all classes of property — commercial, residential, vacant lots and farmstead or ag land.

Both residential and commercial property values in the county are expected to remain relatively stable for 2012, except in east Manhattan, where commercial values are expected to increase, Schlegel said.

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