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Kansas City Real Estate Market

Kansas City Real Estate Market

Kansas City is an excellent place to live and work. It is a vibrant city with heaps of culture, a thriving downtown district and enough employers to handle everyone. However, we have also been caught in the financial difficulties of the past five years, so as good as it might be, we haven’t come through completely unscathed.

As with many American cities, growth is slow in coming but it’s definitely on its way. With foreclosures down across the board and inventory running much lower than the  highs of 2010, things are looking good for sellers.

The shortage of buyers is still keeping the market, and prices in check.

City Overview

The median household income in Kansas City is $44,682, which is slightly lower than the surrounding area. The median household income for the whole county is $45,944 compared to the national median of $50,935. While not a lot of difference, it has a bearing on real estate prices.

The median age of people living in Kansas City is 34.6 years, with fewer families than average living here. There are 25.81% of households that are married families with children. The county average for households married with children is 26.28%.

Residential Real Estate

June saw an increase in properties sold, but a decrease in the prices they sold for. We saw 105,000 homes sold throughout the metro area in June, compared to 92,000 in June 2011.

The median sales price was $72,860, which is down 4.2% over this time last year. Average home prices around KC is $170,406, which is up only 0.1% on this time last month.

Commercial Real Estate

The commercial real estate market in Kansas City is similar to that of residential, except we have seen a slight rise in asking prices. Currently, office space costs around $86.25 per square foot which is an increase of 1.1% over last quarter. Spread over the year, that price is down 5.8% from the high of February 2008 when prices peaked at $98.94 per square foot.

Industrial property isn’t faring so well, with a 4.8% decrease in the footage price year on year. It’s currently sitting at $49.60 per square foot. The recent peak was in June 2007, when it hit $60.38 per square foot.

The average asking price for retail property in Kansas City is $104.74 per square foot for the month of June. That’s down 4.5% from the previous June. The previous high was in November 2008, when prices hit $122.04 per square foot.

The Kansas City real estate market is surviving, not thriving. The fall in inventory has got things moving again and sales are being made. As with every other city in the country, the recovery will be slow and steady, but it will come.

Need furnished short-term housing while you shop around for property in Kansas City? We have what you need.

Los Angeles Shopping Guide

Los Angeles Shopping Guide

From the boutiques of Beverly Hills to the specialty shops of Sunset Plaza, Los Angeles shopping offers a truly unique experience. While millions of travelers are drawn to the distinct variety of designer merchandise found here, others are attracted by the mere prospect of catching a glimpse of their favorite big-screen stars, often spotted leafing through the racks. Amid the bustling Los Angeles shopping scene, materialistic culture is alive and very well.

The elitist quality of Los Angeles shopping should come as little surprise. This city prides itself as a trendsetter. Los Angeles shopping often provides a preview of American fashion before its
styles migrate inland.

The most famous address for Los Angeles shopping is Rodeo Drive. Located off Wilshire Boulevard in Beverly Hills, this street is lined with the exclusive wares of French and Italian designers and prized pieces of world-class jewelers. But buyers beware: Better bring your 401K. Los Angeles shopping of this caliber requires a hefty checking account. Most visitors are content to window-shop along this swanky corridor.

For Los Angeles shopping that doesn’t tug quite so vigorously on your purse strings, a variety of venues abound. Beverly Center is a favorite Los Angeles shopping center of many celebrities. Westwood Village is a staple for neighboring UCLA. Melrose Avenue is a prime site for antiquing, while La Brea and Silver Lake features Los Angeles shopping of vintage variety.

Use this online guide to navigate your way through the dazzling Los Angeles shopping scene. Need a place to stay while visiting L.A.? We’ve got you covered!

Denver’s Rich History

Denver’s Rich History

Denver is a spectacular city in a beautiful position in Colorado. Called the “Mile High City” thanks to its elevation and proximity to the Rocky Mountains, it really is a beautiful place to live.

If you like the outdoors, you’re going to be in heaven in Denver. We have the mountains, several National Parks, thousands of miles of trails and hundreds of thousands of acres of forest and countryside.

History of Denver

Denver began life as part of the Gold Rush. Settlements grew on the banks for the South Platte River to service miners and their families. Over time, these were bought, or abandoned until General William H. Larimer came to town and bought a tract of land beside the river.

He managed to convince residents of local settlements of Montana City, Highland, St. James and Auraria to join him in his new venture. Once the town was established, he named it Denver, after Kansas Governor John Denver, in order to curry favor. Unfortunately, by the time the city was named, Denver was no longer governor.

Denver remained part of the mining landscape and slowly added manufacturing and agriculture to its arsenal. This diversification allowed the city to survive when many around it did not once the miners moved on. Even a silver find to the west didn’t change the city all that much, except by increasing the number of cathouses.

The building of the Denver Pacific railroad cemented the city as a base for the future. The railroad brought immigrants, trade, much-needed supplies and all that is needed by a modern population center. The arrival of the train secured the future of the city.

The modern Denver is a mixture of manufacturing, finance, services and tourism. The city itself is successful and on the up.

What to Do in Denver

Denver is a big city with a lot going on. Whoever you are and whatever you like doing, you can do it here, especially if it involves the outdoors. With hundreds of museums, galleries, shops and restaurants, there is no such thing as nothing to do here!

Arts and Culture

The sheer number of galleries and museums means there is more culture here than many other cities. We have a range of districts that house galleries, organized walks to visit them, more museums that you could see in a year with more exhibits than you could view in a lifetime.

Music and Entertainment

Music is a big part of our lives, so there are plenty of places to enjoy it. We have a range of top flight clubs, music bars, live performance venues and outdoor concert spaces. Whether you like dancing to a beat or in a line, you’ll find more than enough here.

Heritage

Our heritage and history is important to us. Denver has a range of high quality museums and memorials to honor the dead and educate the living. From the Children’s Museum to theHistory Colorado Center, there is millennia of history to be discovered here.

Interested in short-term housing for your stay in Denver? We have many furnished rentals all across the city.

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