The Lawrence market is a sub market of the Kansas City, KS Metropolitan area. Lawrence is home to Kansas University and approximately 25,000 college students. The market thrives regardless of the condition of the economy. Many students will purchase housing instead of renting long term. The biggest obstacle to purchasing at this time is the condition of a lack of financing for parents as investors. This condition pushes rental prices. To accommodate, local investors have added hundreds of rental units, thereby creating a surplus of rental units. Douglas County adjoins Johnson, on the east, Leavenworth County on the north, Shawnee County on the west and Franklin county to the south. Lawrence continues to be stable because Kansas City is supported by railroads, transportation and insurance. As well as the state of Kansas is supported by food production and food manufacturing therefore Kansas enjoys a lower unemployment rate. Lawrence is located on the Kansas River and predates the Civil War. The Watkins Museum holds many artifacts of border battles and tales of escape. Lawrence hosts a thriving downtown that supports three types of consumers; commerce by day, early evening dining, and entertainment at night. Lawrence is located adjacent to Interstate 70, and only about 20 miles west of Nascar and the new Sporting KC Soccer Team of which both bring visitors nationally and internationally. Lawrence boasts of a low crime rate and excellent city and college police services. Bus stops are located on all major streets, serving both students and the public, an the bus system runs from early morning to late evening. Johnson County Community College also sends a service to Lawrence to transport students between schools. Lawrence is quickly becoming a popular place to retire. KU offers Lawrence arts and culture. Douglas County Senior Services also plays an active role in helping acclimate to the community. Lawrence has a regionally recognized hospital that is supported by KU Medical Center of KCKS. The average price for a home in Lawrence fell from $186k in 2010 to $180k to 2011. Volume of sales is fallen 16% from 2010 mainly due to the first time home buyer tax credit and many of those who used to tax credit were affiliated with the University somehow. Lawrence is a very generous community supporting the homeless with shelter, food and healthcare. Lawrence entertains college football, basketball, baseball, track and field. Something good is always happening in Lawrence.
Company: Chaney Realty
Phone: 785-865-5000
Email: laura at teamchaney dot com
