North Liberty Real Estate Market Report 2nd Quarter / April – June 2010 Compared to April – June 2009
236 homes sold in North Liberty in the 2nd Qtr 2010 compared to 175 homes sold in the 2nd Qtr 2009. That’s an increase of almost 35%. This is my sixth real estate market report this week and the thing that jumps out in all of them is that condo sales are on the rise. If you look at the numbers for Iowa City and Coralville you will see that condo sales are on the rise there too. Fantastic news considering we have lots of condos in our market!
| Average Price Homes Sold 2nd Qtr 2010 | $172,506 |
| Highest Price Home Sold: | $535,000 |
| Lowest Price Home Sold: | $69,000 |
| Average Price Homes Sold 2nd Qtr 2009 | $171,846 |
| Highest Price Home Sold: | $530,000 |
| Lowest Price Home Sold: | $75,000 |
When it comes to calculating the days on market I prefer not to use the numbers 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 4.3 months of inventory on the market, that’s 130 days on market. Much better than Iowa City and Coralville, although I would still hesitate to call it a sellers market, even though technically based on the absorption rate it is. The fact is that we have a price driven market. You probably have the opportunity to sell your home quicker in North Liberty, but only if you price it right. Market conditions in the last few years have lead to us seeing a rise in “value shoppers” and they’re not going away any time soon.
If you need to sell your home in North Liberty 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.
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
Iowa City Real Estate Market Report June 2010
Iowa City Real Estate Market Report 2nd Qtr 2010
