Coralville Real Estate Market Report 2nd Quarter / April – June 2010 compared to April – June 2009
156 homes sold in the 2nd quarter 2010 compared to 114 homes sold in the 2nd quarter 2009. That’s an increase of almost 37%. Just like my market report for Iowa City yesterday what jumps out is the number of condos sold. 42 condos sold in Coralville in the 2nd qtr this year compared to 25 in the same time period in 2009. That’s a 92% increase! Even better than Iowa City where condo sales rose 62% compared to last year. I’m going to be really interested to see what happens when I pull the North Liberty numbers later… Watch out for my next blog post for that.
| Average Price Homes Sold 2nd Qtr 2010: | $214,238 |
| Highest Price Home Sold: | $740,000 |
| Lowest Price Home Sold: | $60,500 |
| Average Price Homes Sold 2nd Qtr 2009: | $230,105 |
| Highest Price Home Sold: | $757,083 |
| Lowest Price Home Sold: | $38,500 |
I don’t use the days on market calculated by the MLS. I use a simple method to calculate the absorption rate/days on market that doesn’t manipulate the data. According to that calculation we have 9 months of inventory on the market, that’s 272 days on market. I should add that this calculation does not take into account the different types of homes, location or different price ranges, so it’s not a huge help to you if you’re selling your home. If you’re selling a home both of those factors would need to be looked at as they play into how many days on market you can expect when you list your home for sale.
For a complete list of homes for sale in Coralville 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.
If you need to sell your home and would like some advice on how to sell it for the best price in the shortest time please call me anytime at 319-400-0268 or click here to send me your contact details.
Coralville Real Estate Market Report June 2010
Iowa City Real Estate Market Report June 2010
Iowa City Real Estate Market Report 2nd Qtr 2010
