Wednesday, February 29, 2012
Sedgwick County property values dropped significantly from 2010, officials said.
County Appraiser Mike Borchard presented the annual report to county commissioners Wednesday morning.
Borchard says 72-percent of all homes in the county will see a decrease in value, 20-percent will have no change in value and 8-percent will see an increase in value.
The number of homes built in 2011 dropped from 893 to 679 in 2011.
Annual valuations will be mailed out Thursday, March 1.
Other trends show the number of commercial property sales is up slightly from 2010, the number off retail permits is up significantly, mostly Borchard says because of Walmart Markets and the Maynards being opened in Wichita.