228 Active Listings
17 Homes Under Contract
2 Homes Sold August 23 – August 30, 2010

Highest number of days on market: 156 days
Lowest number of days on market: 7 days

The Coralville real estate market is continues to be pretty slow. We still have the winning combination of more homes than buyers in the market place + historically low interest rates. In fact they’re lower than ever – 4.25% for a 30 year fixed rate loan! As I’ve said before, beats me why the market isn’t a total frenzy with such lucrative times for buyers. If you’re still on the fence about buying a home in Coralville, I know you’ve heard it before, but this is an astoundingly good time to buy a home. This particular set of conditions won’t last forever. If there was ever a time to get into the game it is now!

Are you ready 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.

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

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

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.

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

251 Active Listings
27 Homes Under Contract
3 Homes Sold July 26 – July 31, 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 9.6 months of inventory on the market, that’s 292 days on market. It’s going to take us a while to work through all the homes on the market in Coralville so we probably won’t see any major changes for a while.

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 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 June 2010

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

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

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

257 Active Listings
29 Homes Under Contract
6 Homes Sold July 12 – July 19, 2010

When it comes to calculating the days on market I don’t 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 9.3 months of inventory on the market, that’s 281 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? 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. It’s important you have the facts about your neighborhood before you put your home on the market. Pricing it right will give you the edge on the competition and mean the difference between your home getting sold or languishing on the market.

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.

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

268 Active Listings
24 Homes Under Contract
7 Homes Sold July 5 – July 11, 2010

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 9.6 months of inventory on the market, that’s 290 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? More homes than buyers in the market place + historically low interest rates = Opportunities for Buyers.

For sellers it’s a different story. We have a price driven market. It’s important you have the facts about your neighborhood before you put your home on the market. Pricing it right will give you the edge on the competition and mean the difference between your home getting sold or languishing on the market.

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.

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

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.

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

82 homes sold in Coralville in June 2010 compared to 69 homes sold in June 2009. That’s an increase of 19%. What jumps out in the graph above is that condo sales have increased by a pretty impressive 62% over last year! Yesterday I pulled the number of Homes sold in the 2nd quarter in Iowa City from our MLS and if you check the link you will see that condo sales are also on the rise there. We have a lot of condos in the area so this is really great news.

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.

Iowa City Real Estate Market Report June 2010

Iowa City Real Estate Market Report 2nd Qtr 2010