North Liberty Real Estate Market Report December 2009
Time for my monthly look at what’s going on in the real estate market in North Liberty Iowa. A new year means there’s so shortage of data for us to check out. I’ll start out with a year over year comparison of the monthly and quarterly numbers of homes sold in North Liberty for the period ending December 31, 2009. And follow that with a year over year comparison of annual home sales in North Liberty for 2009.
Homes Sold in North Liberty December 2009 Compared to December 2008
17 homes sold in North Liberty in December 2009 compared to 30 homes sold in 2008.
Source for data: Iowa City Area MLS January 5, 2010.
Median price: $259,000 compared to $181,450 in 2008.
Average days on market: 145 compared to 121 in December 2008.
Homes Sold in North Liberty in the 4th Quarter: October – December 2009
110 homes sold in North Liberty October through December 2009 compared to 89 homes sold in the 4th quarter 2008.
Median price: $141,700 compared to $164,900 in the 4th Quarter 2008.
Average days on market: 106 compared to 118 in the 4th Quarter 2008.
Homes Sold in North Liberty January 1 2009 – December 31, 2009
615 homes sold in North Liberty January through December 2009 compared to 534 homes sold in 2008.
Median Price: $146,000 compared to $157,700 in 2008.
Average days on market: 102 compared to 108 in 2008.
North Liberty as one of the fastest growing communities in Iowa enjoyed an excellent year for home sales in 2009. Home sales were up for the year by 15%. How many other places can say that? Well priced new construction attracted price conscious first time homebuyers. The sharp decline in December was probably just a glitch and an indicator of the fact that first time homebuyers purchased their homes before the November 30 deadline.
As the homebuyer tax credit was extended it seems likely that first time homebuyers will be out and about again now that the holidays are over and 2010 promises to be another great year for North Liberty. We’ll look for confirmation of that by watching the trends closely in the coming months.
Source for data: Iowa City Area MLS January 5, 2010.
