Real Estate Showdown Week 13 Denver Vs Kansas City

Real Estate Showdown Week 13 Denver Vs Kansas City

Well folks, as hard as it may be for you to believe, last week’s Broncos game left me speechless. The first half left me confidant and excited. The second half left me bewildered and oddly wanting a hug. With that said, overall, things could have gone a lot worse and told us three things about this team:

Running the ball works!

Remember when I said last week the Broncos needed to emphasize the running game? That’s just what they did. I’m not saying that Jackie Del and the coaching staff are listening to my advice, but that doesn’t mean the advice is wrong. Especially with the game conditions get colder and colder, the running game becomes more and more important. Knowshon Moreno proved last week that he can handle the increased workload which bodes well for the Broncos as they plunge deeper into the winter months.

Don’t forget to make second half adjustments

Not only is it key for the Broncos to make second half adjustments based on the play of their opponents, they must also make adjustments in order to account for their opponents doing the same thing. Clearly Tom Brady and Bill Bellichick did just that and figured out how to stonewall the Broncos in the second half.

Football is a game of inches 

Like Al Pacino said in one of my favorite movies of all time, “Any Given Sunday”, football, like life, is a game of inches. Last week’s game was a living embodiment of this concept. Had Tony Carter been there one yard sooner or one yard later, that ball wouldn’t have bounced into him and the Broncos would have had one last shot down the field. Now, I am not going to place the blame on Tony Carter solely. These things happen. Champions bounce back from these setbacks.  Also-rans let it consume them.

The Broncos cannot keep their eyes in the rear view, especially this week as they face the Chiefs one more time. True, the setting is a little bit different from two weeks ago as the Chiefs are on a two game losing skid. Make no mistake though; this game could very well determine which team takes the #1 seed in the playoffs and which team falls to #5. This game could determine who gets home field advantage and who goes on the road. Regardless of whether they finish the season undefeated, Denver could end up on the road against a team with a worse record if they lose to the Chiefs. The stakes are high.

Now, I know we just matched up Denver, Colorado to Kansas City, Missouri in the Real Estate Showdown two weeks ago, so you must be thinking, “What the heck is he going to write about this week?” Well have no fear my friends! Kansas City is the city so nice, they named it twice. Well, I’m not sure about the nice part but there is a Kansas City Missouri AND Kansas City, Kansas. Since we already took a look at Kansas City, Missouri, let’s have a little fun and look at Kansas City, Kansas. As we have each week, we will focus on 7 key factors to make our determination on which market is truly the winner (stats gathered via National Association of Realtors).

Denver, Colorado 
Median Home Price: $244,000
Percent Change in Median Home Price (Previous Month): 0.41% Increase 
Percent Change in Median Home Price (Previous Year): 10.90% Increase 
Percent of Home Ownership: 52% 
Home Vacancy Rate: 4.34% 
Income Per Capita: $32,051 
Unemployment Rate:  7.0%  

Kansas City, Kansas
Median Home Price: $68,000
Percent Change in Median Home Price (Previous Month): 1.36% Decrease 
Percent Change in Median Home Price (Previous Year): 4.61% Increase 
Percent of Home Ownership: 62% 
Home Vacancy Rate: Not Reported
Income Per Capita: $18,755
Unemployment Rate:  9.7%

Just as I expected, Kansas City, Kansas is no better than Kansas City, Missouri. In fact is considerably worse. Kansas City, Kansas has the lowest median home price and per capita income of any city we have looked at this season! Not to mention their home price have actually been deprecating as of late. The home vacancy rate was not reported but I cannot assume it is a spectacularly low number. Couple this with a higher unemployment rate, I think the answer is clear folks. Denver has a stronger real estate market, no contest.

Check out our next Real Estate Showdown when we compare Denver to Nashville, Tennessee. In the meantime, give me a call if you are thinking of buying or selling a home and would like help squashing the competition!

Matthew Koller is part of the Carr Peck & Associates at Keller Williams. Carr Peck & Associates were 6th in Denver Metro home sales out of 5,000 agents and has been recognized by the Wall Street Journal and Real Trends as one of the top selling teams in the country. For more information feel free to  
contact him   or call 303-704-3286. 

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Dated: November 27th 2013
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