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The local real estate market for Kansas City is on an uphill trend, according to a recent report shared by the Home Builders Association of Greater Kansas City, which has stated the first half of 2013 is off to a strong start for new construction permits compared to the same time frame last year. This year, there have been 1,946 permits issued for single family homes from January-June, which is a 31.6 percent jump from the same time in 2012. Additionally, there were 1,702 planned apartment units–a 229.2 percent jump from last year. The Lenexa movers have learned that this is the best report for builders since 2008, and that the number of apartments planned is the highest since 2001.

Kansas City had the highest amount of single-family permits, thanks to the Northland subdivision. Lenexa had 92 permits, Olathe had 255 and Overland Park had 210. The average sales price of an existing home in June was up 7 percent, and new home sales were up almost 8 percent. Currently, the market is in favor of the seller, with a continually-dwindling supply of available homes available for prospective buyers.

Average home prices are rising in the Kansas City metro, according to data shared from the Kansas City Regional Association of Realtors, which states that existing home sales this past June were selling for about 7 percent higher than homes in June 2012. The jump was even higher for new homes, which were closer to an 8 percent jump in closing sale price.The Gladstone movers have found that total inventory sold, however, was about 20 homes less than the same comparative time periods.

Following the total sales in the month of June, there was an available 5.7 month supply of existing homes for sale on the market, compared with a 7 month supply in June 2012. New homes dropped to a supply that will last about 4.9 months. Technically, a 5.7 month is a balanced market, and anything less than that puts the sellers in favor.

Office occupancy in Kansas City is at an all time high, according to the Kansas City Business Journal. The commercial real estate in the area has recovered from the recession and has recorded 39.23 million square feet of occupied space, which is up from the previously recorded date of 39.18 million square feet back in 2008- which was previously the market’s peak.

The commercial Kansas City movers have found that while occupancy dipped in the two years in between, but the market began showing signs of recovery back in early 2011. There have been many corporations expanding their office space in the area, and the need for more office space will likely continue over the next two years, according to industry professionals. Many large tenants are looking to expand, such as CVS, Bank Midwest, USCIS, and many more.

Lenexa is growing as a large suburban outlying area for Kansas City, and the town will see significant growth in the coming months thanks to the pending development of restaurants and retail shops. The Grand Street Cafe, which is located next to the Country Club Plaza, have a new Lenexa location opening within the Lenexa City Center. The Lenexa commercial movers have learned that this restaurant is only the beginning. Another development called the City Center Lenexa will create a 20,000 square foot mixed use building space called 89 Renner @ City Center Lenexa.Construction will begin August 1, with a likely open date of June 2014.

Perceptive Software will occupy the second floor of 89 Renner and use it as a conference center, while the first floor will be occupied by retail and restaurant tenants. Other companies like Moe’s Southwest Grill will open about 30 locations in Missouri, with exact locations undisclosed at this time.

New wireless service from big name AT&T launched at the end of May to provide wireless security system services to area homeowners that will allow them to control appliances, shut off water, and give home access to someone to come by and check on their pets. It’s part of a new AT&T endeavor called Digital Life, which aims to provide customized security and home management tools for subscribers that can be activated and managed remotely from a smart phone, tablet, or computer. The Kansas City residential movers have found that the project is similar to a Time Warner Service that was recently released called IntelligentHome.

Kansas City is one of 15 U.S. markets to have access to the Digital Life technology, along with other cities such as Baltimore, Pittsburgh, Sacramento, Phoenix, and more. The future plans for AT&T are to bring the technology to 50 U.S. markets by the end of 2013.

Home building in the Kansas City metropolitan area has surged in April 2013, marking the busiest month for the local industry since 2008. Currently, the Home Builders Association of Greater Kansas City shows 444 permits issued for single family home projects in April 2013, which is up from last year and the highest amount of permits since April 2008, when 441 permits were issued. The Mission Hills local movers have found that the mini-boom that the area is experiencing is in the midst of the best four-month stretch for the area’s market since the recession began in 2008.

Construction of homes has risen throughout the state, in addition to apartment complexes and other multifamily units. Applications for new construction projects are at a five year peak, according to the local commerce department. Steady jobs for manual laborers are likely to increase thanks to the consistent market.

The metropolitan housing market in Kansas City is strengthening, and the recovery has continued well into 2013 with recent data from the Kansas City Regional Association of Realtors. Existing home sales in the region have risen 8 percent from early 2012, and prices are on the rise as well. The Leawood local movers have found that the average sales price is currently at $334,060, which is a six percent increase from last year. There are also currently about 2,400 pending contracts for existing homes, which is 27 percent higher than data from 2012.

There is a dwindling supply of available homes in the area, with realtor statistics showing a 5.5 month supply of existing homes currently available, down from the 7.3 month supply a year ago, and a 5.3 month supply of new homes on the market, down from 2012’s 7.6 months supply last year. The current supply leads industry experts to state that the market is balanced for both sellers and buyers.

If you are looking for a low priced property to renovate and sell, Kansas City is calling your name. The Kansas City area has plenty of opportunity for individuals looking to become home investors, and it was even ranked 32nd among the best markets in the country for finding a fixer-upper bargain. RealtyTrac collected data throughout the country and found that this area has extensive opportunity based on the criteria of: 1)homes built before 1960 and 2)valued at under $100,000. The Kansas City movers have found that there are about 300 homes owned by the bank (REOs) in Kansas City that fit these criteria. The average value of these homes is at about $78,000.

So what other markets are ideal for real estate investors? According to the study, Detroit, Chicago, Cleveland, St. Louis, Cincinnati and Toledo are among the rankings. In comparison to Kansas City’s 300 homes, St. Louis has about 1,000.

The industrial real estate market is strengthening in the Kansas City metro region, with a new company coming to the area to absorb remaining industrial space with a 1,000 acre Logistics Park Kansas City development project consisting of a 500,000 square foot distribution center. The project is slated for completion by the end of 2013, and a nearby industrial center for Kessinger/Hunter & Co is poised to finish construction within a few weeks. The Kansas City industrial movers have found that the current total industrial space in the region it about 235 million square feet.

The continued growth of industrial competitors in the area will likely raise the profile of Kansas City nationwide for existing industrial retailers as well as companies looking to expand operations into the Kansas City market. Industry experts predict a 25 percent market expansion in the area as companies continue to take advantage of the space available in Kansas City.

The average rate for 30 year fixed mortgages in the US has risen, according to a recent Kansas City Star article that revealed that the rise still has rates near their historic lows, with a slight rise to 3.51 from 3.42 earlier this month. The lowest mortgage lending rate on record since 1971 was in November 2012 at 3.31 percent. The Leawood movers have found that the 15 year loan also rose slightly in interest from 2.61 percent to 2.69 percent.

The Kansas City movers have found the slow and consistent rises in interest may continue to grow, which would jeopardize the stable growth of real estate markets nationwide. Low mortgage rates have certainly contributed to the growth and rebuilding of the national real estate market and the numbers have consistently shown high sales as well as increased activity for new construction.