Weekly Real Estate Market Update Coralville IA October 25, 2010

Weekly real estate market update coralville october 25, 2010

Weekly real estate market update coralville october 25, 2010

209 Active Listings
17 Homes Under Contract
2 Homes Sold week ending October 23, 2010
225E Dovetail Dr, Coralville – List price $334,200 – Sold price – $315,000 – 142 days on market
3241 Kelsey Ln, Coralville – List price $285,900 – Sold price – $283,000 – 141 days on market

This is a snapshot of the Coralville IA real estate market October 25, 2010. 2 single family homes sold last week, both in in the +$250,000 range. The absorption rate for Coralville is 8.1 months. That’s the time it takes for the market to “absorb” homes.

In case you’re wondering how I came up with the 8.1 months, here’s the calculation: The first step in calculating the absorption rate is to find out how many homes sold in the past 12 months and how many are currently on the market. 311 homes sold in the last 12 months in Coralville and there are currently 209 showing as active listings.

311/209 = 1.48 – That means the inventory of homes turned 1.48 times in the last 12 months.

Now we take the 12 months and divide it by 1.48 to come up with the absorption rate.

12/1.48 = 8.1 months = 243 days

This time last year the absorption rate in Coralville was about 11 months. Even though the market may be slow picking up the absorption rate shows us that we are getting there…


Are you looking to buy a home in Coralville? Do you have a real estate related question or a question about the area for me? Just send me an email letting me know how I can help.

If you need to sell your home in Coralville and would like me to prepare a CMA (Current Market Analysis) with information of homes sold in your neighborhood please call me anytime at 319-400-0268 or click here to send me your contact details.

Last week’s weekly market update for Coralville


Homes Sold – Iowa City – Coralville – North Liberty IA – January – September 2010

Coralville IA real estate market report 3rd Qtr – July – September 2010

Coralville IA real estate market report September 2010

Coralville IA real estate market report August 2010


Coralville IA real estate market report July 2010

Weekly Real Estate Market Update Coralville August 9, 2010

weekly real estate market update coralville august 9, 2010

weekly real estate market update coralville august 9, 2010

247 Active Listings
21 Homes Under Contract
7 Homes Sold August 2 – August 9, 2010


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 9.4 months of inventory on the market, that’s 286 days on market.
A few months ago we had 11 months of inventory, at the moment it’s holding steady around 9 months. It’s heading the right way. We just need some time to work through all the homes on the market in Coralville.

So what does all this mean if you’re thinking of buying a home in Coralville?
No change really. We’ve been saying it for a while now. It’s a great market to buy a home. The winning combination of more homes than buyers in the market place + historically low interest rates means opportunities for Buyers.

For sellers it’s a different story.
We have a price driven market and buyers are looking for deals. They’re also looking for shiny pennies. The winning combination for you is to price your home right + make sure it’s the shiny penny buyers are looking for. Pristine homes that are priced correctly for the market will sell. It’s as easy as that.


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 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.

Last week’s real estate market update for Coralville

Coralville real estate market report July 2010


Coralville real estate market report 2nd Quarter: April – June 2010

Coralville Real Estate Market Report July 2010

coralville real estate market report july 2010

coralville real estate market report july 2010

26 homes sold in Coralville in July 2010 compared to 60 homes sold in July 2009. Not a huge surprise to see this dip in home sales after the expiration of the homebuyer tax credit at the end of June. Let’s hope it was just a glitch and we see some stronger sales in August.

Average Price Homes Sold July 2010 $215,665
Highest Price Home Sold:$635,000
Lowest Price Home Sold:$52,000


Average Price Homes Sold July 2010 $215,519
Highest Price Home Sold:$620,000
Lowest Price Home Sold:$61,500




As far as the days on market are concerned. 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 9.4 months of inventory on the market, that’s 283 days on market. 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 you would need to look at the number of homes sold in your specific neighborhood in the same price range to figure out how many days on market you can expect when you list your home for sale.


If you need to sell your home and would like me to prepare a CMA (Current Market Analysis) with information of homes sold in your neighborhood
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 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.

Coralville Real Estate Market Report 2nd Qtr 2010

Iowa City Real Estate Market Report July 2010

Iowa City Real Estate Market Report 2nd Qtr 2010

North Liberty Real Estate Market Report July 2010

North Liberty Real Estate Market Report 2nd Qtr 2010

Homes Sold in Coralville Week Ending July 24, 2010

6 homes sold in Coralville last week. This number is lower than last year when 15 homes sold in the same time period. According to MLS Data days on market also increased from 88 to 138.

6 Homes Sold Week ending July 24, 2010Avg Price: $248,667
5 single family homes soldAvg Price: $279,600
1 condo soldAvg Price: $94,000



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.

So what does all this mean if you’re thinking of buying a home in Coralville?
No change really. We’ve been saying it for a while now. It’s a great market to buy a home. The winning combination of more homes than buyers in the market place + historically low interest rates means opportunities for Buyers.

For sellers it’s a different story. We have a price driven market and buyers are looking for deals.
They’re also looking for shiny pennies. The winning combination for you is to price your home right + make sure it’s the shiny penny they’re looking for. Pristine homes that are priced right sell. It’s as easy as that.


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 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.


Coralville real estate market report June 2010


Coralville real estate market report 2nd Quarter: April – June 2010

Source for data: Iowa City Area MLS

Weekly Market Update Coralville July 26, 2010

weekly real estate market update coralville july 26, 2010

weekly real estate market update coralville july 26, 2010

256 Active Listings
26 Homes Under Contract
6 Homes Sold July 19 – July 24, 2010


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 9.4 months of inventory on the market, that’s 285 days on market.
It’s going to take us a while to work through all the inventory in the Coralville market so we probably won’t see any major changes in the near term.

So what does all this mean if you’re thinking of buying a home in Coralville?
No change really. We’ve been saying it for a while now. It’s a great market to buy a home. The winning combination of more homes than buyers in the market place + historically low interest rates means opportunities for Buyers.

For sellers it’s a different story.
We have a price driven market and buyers are looking for deals. They’re also looking for shiny pennies. The winning combination for you is to price your home right + make sure it’s the shiny penny they’re looking for. Pristine homes that are priced right sell. It’s as easy as that.


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 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.


Last week’s real estate market update for Coralville

Coralville real estate market report June 2010


Coralville real estate market report 2nd Quarter: April – June 2010

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