8 homes sold in North Liberty last week. This number is lower than last year when 25 homes sold in the same time period. According to MLS Data the number of days on market decreased from 94 to 74.
| 8 Homes Sold Week ending July 24, 2010 | Avg Price: $186,863 |
| 4 single family homes sold | Avg Price: $232,425 |
| 3 condos sold | Avg Price: $140,100 |
| 1 Zero Lot Sold | Avg Price: $144,900 |
It looks like July will be a soft month for sales. Not really surprising considering the expiration of the tax credit on June 30. It was clear that the housing market would need time to correct after that. A couple more days until the end of the month and we will know more about that correction.
What does this mean for you as a buyer? We still have a price driven market so there are still great opportunities for buyers, plus the interest rates are at all time lows which means it’s really still a win-win situation for you.
The fact that we have a price driven market means that sellers probably won’t make as much as they would like on the sale of a home. On the up side, the turnover rate for homes is better in North Liberty and it is likely that your home will spend less time on the market than in Iowa City or Coralville. (Depending on the location of course, location is always king). Bear in mind too that buyers are looking for deals. Pricing it right is one part of the equation. Equally important is that it’s in pristine condition. Pricing your home right + seeing to it that it’s the shiny penny on the block will put you well on the way to selling your home quickly so you can move onto the next phase of your life.
If you need to sell your home and would like me to prepare a CMA (Current Market Analysis) please call me anytime at 319-400-0268 or click here to send me your contact details.
For a complete list of homes for sale in North Liberty just send me an email letting me know what you’re looking for and I’ll send you a list of homes fitting your criteria.
North Liberty real estate market report June 2010
North Liberty real estate market report 2nd Quarter: April – June 2010
