days on market iowa city

Weekly Real Estate Market Update Iowa City October 25, 2010

October 25, 2010 By Denise Hamlin Leave a Comment

482 Active Listings
41 Homes Under Contract
12 Homes Sold October 18 – October 23, 2010

Average Price Homes Sold w/e October 23, 2010	$186,772
Highest Price Home Sold:	$ 25,000
Lowest Price Home Sold:	$362,000

Highest number of days on market: 436 days
Lowest number of days on market: 23 days

This is a snapshot of what’s going on in the Iowa City real estate market at the moment. 12 homes sold last week. 9 single family homes and 3 condos. Pretty good numbers for late October.

Are you looking to buy a home in Iowa City? 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 Iowa City 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 Iowa City

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

Iowa City Real Estate Market Report 3nd Quarter: July – September 2010

Iowa City Real Estate Market Report September 2010

Iowa City Real Estate Market Report August 2010

Iowa City Real Estate Market Report July 2010

Weekly Real Estate Market Update Iowa City October 18, 2010

October 18, 2010 By Denise Hamlin Leave a Comment

489 Active Listings
41 Homes Under Contract
5 Homes Sold October 11 – October 16, 2010

Average Price Homes Sold w/e October 16, 2010	$156,680
Highest Price Home Sold:	$206,000
Lowest Price Home Sold:	$96,000

Highest number of days on market: 182 days
Lowest number of days on market: 57 days

This is a snapshot of what’s going on in the Iowa City real estate market at the moment. The first thing you’ll notice is that the number of homes under contract is rising. That’s a good sign. With interest rates still incredibly low at 4.25% for a 30 year fixed rate loan and really great prices on homes it certainly is a good time to be a buyer. As I mentioned in a recent post, I think the low interest rate is as much as if not a bigger incentive than the tax credit. Free money is gone before you know it, a low interest rate means you save every month for the life of the loan.

Are you ready to buy a home in Iowa City? 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 Iowa City 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

Iowa City Real Estate Market Report September 2010

Iowa City Real Estate Market Report August 2010

Iowa City Real Estate Market Report July 2010

Iowa City Real Estate Market Report 3nd Quarter: July – September 2010

Weekly Real Estate Market Update Iowa City October 11, 2010

October 11, 2010 By Denise Hamlin Leave a Comment

504 Active Listings
35 Homes Under Contract
5 Homes Sold October 4 – October 9, 2010

Average Price Homes Sold w/e October 9, 2010	$174,700
Highest Price Home Sold:	$210,000
Lowest Price Home Sold:	$120,000

Highest number of days on market: 143 days
Lowest number of days on market: 33 days

This is a snapshot of what’s going on in the Iowa City real estate market at the moment. No big fluctuations. Interest rates are still incredibly low at 4.25% for a 30 year fixed rate loan. As I talked about in a recent post, the low interest rate is as much as if not a bigger incentive than the tax credit. Free money is gone before you know it, a low interest rate means you save every month for the life of the loan. Plus, unlike the tax credit, the low interest rate benefits sellers too. After all, you’re quite likely to turn around and buy a home right after you sell yours, aren’t you?

If you need to sell your home in Iowa City 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.

Are you ready to buy a home in Iowa City? 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.

Iowa City Real Estate Market Report September 2010

Iowa City Real Estate Market Report August 2010

Iowa City Real Estate Market Report July 2010

Iowa City Real Estate Market Report 3nd Quarter: July – September 2010

Filed Under: Market Updates Tagged With: average price iowa city, days on market iowa city, homes sold iowa city, iowa city real estate, market reports iowa city, market statistics iowa city

Iowa City Market Report 3rd Qtr 2010

October 6, 2010 By Denise Hamlin Leave a Comment

Iowa City Real Estate Market Report 3rd Quarter / July – September 2010 compared to July – September 2009

165 homes sold in Iowa City in the 3rd quarter 2010 compared to 309 homes sold in the 3rd Qtr 2009 – That’s a 47% decrease in home sales over the 3rd quarter last year. Clearly the expiration of the home buyer tax credit has had quite an impact on the Iowa City real estate market. You would think the low interest rate, around 4.25%, coupled with great prices on homes would counteract that, but up to now there is no sign of that.

Average Price Homes Sold July – September 2010	$183,018
Highest Price Home Sold:	$510,000
Lowest Price Home Sold:	$ 51,000

Highest number of days on market: 354 days
Lowest number of days on market: 10 days

Average Price Homes Sold July – September 2009	$190,945
Highest Price Home Sold:	$765,000
Lowest Price Home Sold:	$ 32,000

Highest number of days on market: 602 days
Lowest number of days on market: 7 days

I use an excel spreadsheet to calculate the absorption rate. According to that calculation we have 7.5 months of inventory on the market, that’s 227 days on market. (No change over last month). 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 in Iowa City 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 in Iowa City 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.

Are you ready to buy a home in Iowa City? 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.

Iowa City real estate market report September 2010

Iowa City real estate market report August 2010

Iowa City real estate market report July 2010

Iowa City real estate market report April – June 2010 / 2nd Qtr

Filed Under: Real Estate Market Reports Tagged With: average price iowa city, days on market iowa city, homes sold iowa city, iowa city real estate, market reports iowa city, market statistics iowa city

Iowa City Real Estate Market Report September 2010

October 4, 2010 By Denise Hamlin 1 Comment

32 homes sold in Iowa City in September 2010 compared to 51 homes sold in September 2009. The data shows us that the Iowa City real estate market continues to struggle to find its feet again after the expiration of the home buyer tax credit. With interest rates in the low 4′s and great deals to be had on homes it can only be a matter of time before the tide turns – At least that’s my humble opinion!

Average Price Homes Sold September 2010	$189,423
Highest Price Home Sold:	$510,000
Lowest Price Home Sold:	$ 67,500

Highest number of days on market: 354 days
Lowest Number of days on market: 10 days

Average Price Homes Sold September 2009	$200,139
Highest Price Home Sold:	$500,000
Lowest Price Home Sold:	$ 32,000

Highest number of days on market: 602 days
Lowest number of days on market: 7 days

Are you ready to buy a home in Iowa City? 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.

Iowa City real estate market report August 2010

Iowa City real estate market report July 2010

Iowa City real estate market report April – June 2010 / 2nd Qtr