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Navigating the Real Estate Landscape: Insights from the West Des Moines Chamber of Commerce’s Real Estate Market Trends & Investments Luncheon 2024

Katherine Harrington

From Katherine Harrington, President & CEO | West Des Moines Chamber of Commerce

The West Des Moines area, like many regions across the country, is experiencing a dynamic real estate landscape influenced by a wide variety of economic factors and demographic trends. A recent Real Estate and Investments Event hosted by the West Des Moines Chamber of Commerce provided a platform for expert panelists to delve into the nuances of this evolving market. Several Real Estate experts participated on the panel and included:

  • Kathy Davis – VP Sales Manager – Home Services of Iowa
  • Richard Hurd – President – Hurd Real Estate Services
  • Adam Kaduce – President – R&R Real Estate Advisors
  • Ryan Wiederstein – Broker/Owner – WB Realty Co.
  • Shana Patrick – Senior Associate – CBRE

Ryan Moffatt – Community & Economic Development Director / City of West Des Moines was the moderator for the event. Here are the key takeaways:

Affordability Challenges and Investor Interest:

One of the biggest challenges highlighted was the issue of affordability in the housing market. With new construction costs on the rise, coupled with higher interest rates and significant consumer debt burdens, many potential homeowners face obstacles in finding properties within their budget. Despite these challenges, there remains a strong desire within the community to promote homeownership as a means of fostering stability and growth.

Market Dynamics and Opportunities:

Panelists shared insights into various sectors of the real estate market, including office spaces, single-family homes, and multi-family properties. While the office sector has experienced fluctuations, with rising vacancy rates and corporate consolidations impacting leasing dynamics, there is optimism about a gradual recovery, especially as interest rates potentially decrease in the future.

Meeting Diverse Housing Needs:

Addressing the diverse housing needs of different demographic groups emerged as a recurring theme. From baby boomers seeking to age in place, to millennials and young professionals desiring carefree living options, there is a growing demand for housing solutions that cater to varying lifestyles and preferences. The shortage of suitable products, such as townhouses and condos, underscores the importance of developers and financial institutions collaborating to bridge this gap.

Community Development Initiatives:

The conversation underscored the crucial role of community development initiatives in shaping the future of West Des Moines. From revitalizing commercial areas like Valley Junction to promoting entrepreneurship and innovation with organizations like Maple Studios, there is a concerted effort to enhance the city’s vibrancy and attract diverse residents and businesses. Creative zoning, pro-business policies, and a resident-friendly approach were highlighted as key strategies for fostering sustainable growth and prosperity.

Looking Ahead: Optimism and Collaboration:

Despite the challenges and uncertainties facing the real estate market, there is a prevailing sense of optimism among key stakeholders. The West Des Moines community remains resilient and adaptable, with a willingness to embrace change and explore new opportunities. By fostering collaboration between industry professionals, local government, and residents, the city is poised to navigate the evolving real estate landscape and emerge stronger than ever.

The Real Estate and Investments Event provided valuable insights into the complexities and opportunities within the local real estate market. By addressing affordability challenges, embracing innovation, and fostering a supportive business environment, West Des Moines, and the entire Greater Des Moines Region, is charting a course towards sustainable growth and prosperity for all its residents.


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