Chris Kamberis – Analyzes the Stated Increase for Kansas City’s Property Sector
The Kansas City property sector continues to increase as more jobs
appear and the economy grows, as reported by the Kansas City Regional Association of Realtors (KCRAR). Chris
Kamberis, CEO of CTK Real
Estate, has talked about the growth and prospects that will soon come to the
area.
The account from the KCRAR shows that home sales are remaining strong as buyer
demand is outnumbering current supply. Economists predict that this growth will
continue over next year, after comparing local data and outlining its
stability. Chris
Kamberis is confident the news will stimulate other sectors and have a lasting
impact on the local economy overall. “When Kansas City is enjoying healthy real
estate, and when residential deals reflect a strong market, the trend often transfers
to other industries too,” the expert developer stated. “This could include the
financial sector, commercial markets, and construction manufacturing.”
Despite witnessing its strong growth in Kansas City, investors
are carefully monitoring the real estate market before moving forward with
large-scale projects. Last year, city-wide sales were reported to be up 13.6
percent for both new and resale properties in a recent MLS report, with the
average sale prices rising by 5.6 percent. “Currently, the inventory is lower
than desired with an estimated four-month supply of homes for sale in Kansas
City instead of the preferred six-month for a balanced market. This means
buyers have fewer options to choose from, which tips the properties in favor of
the sellers,” says Kamberis.
Investor confidence for the development of more varied projects, like shopping
centers and restaurants, is reinforced when the amount of available housing stays
low and the property prices rise. Developers and real estate experts such as
Kamberis are monitoring the Crane Watch Map released by the Kansas City Business Journal to
help track these ongoing commercial projects. Contractors are also motivated to
work with local councils by the recent growth, in an attempt to seek financing
and attract larger and more mixed-use developments, which combine commercial
and residential property within a single building for communities.
As the founder of CTK Real Estate, Chris
Kamberis has more than twenty years of experience in real estate
development and transactions involving sale-leaseback, disposition, and
acquisitions for a number of international companies. He has been directly
responsible in providing properties for businesses including, Burger King
Corporation, Bank of America, McDonald’s, and Starbucks Corporation. CTK
Real Estate works closely with Fortune 500 companies throughout the nation,
managing a wide range of real estate needs effectively and efficiently. The
firm assists its clients improve the value of their property and positions in the
marketplace through strategically focused solutions. As each individual
opportunity is researched by CTK Real Estate, all transactions and projects are overseen personally by Chris
Kamberis, allowing him to directly analyze the project and its market potential.
Opus Development plans 256 apartments over retail in Westport: http://www.bizjournals.com/kansascity/news/2017/03/06/opus-development-westport-256-apartments-retail.html
New Westport player flips one of his properties for Opus’ redevelopment: http://www.bizjournals.com/kansascity/news/2017/03/07/ctk-group-developer-chris-kamberis.html
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