north liberty real estate market
Weekly Market Update North Liberty August 9, 2010
217 Active Listings
24 Homes Under Contract
8 Homes Sold August 2 – August 9, 2010
When it comes to calculating the days on market 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 5 months of inventory on the market, that’s 151 days on market.
What does this mean for you as a buyer? We still have a price driven market so there are still great opportunities for buyers, plus the interest rates are at all time lows which means it’s really still a win-win situation for you.
The fact that we have a price driven market means that sellers probably won’t make as much as they would like on the sale of a home. On the up side, the turnover rate for homes is better in North Liberty and it is likely that your home will spend less time on the market than in Iowa City or Coralville. (Depending on the location of course, location is always king). Bear in mind too that buyers are looking for deals. Pricing it right is one part of the equation. Equally important is that it’s in pristine condition. Pricing your home right + seeing to it that it’s the shiny penny on the block will put you well on the way to selling your home quickly.
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 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.
Last week’s market update for North Liberty
North Liberty real estate market report July 2010
North Liberty real estate market report 2nd Quarter: April – June 2010
Weekly Market Update North Liberty August 2, 2010
217 Active Listings
26 Homes Under Contract
7 Homes Sold July 26 – July 31, 2010
When it comes to calculating the days on market 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 5 months of inventory on the market, that’s 151 days on market. July has been slow in the area and the absorption rate has slipped a bit in North Liberty compared to recent weeks.
What does this mean for you as a buyer? We still have a price driven market so there are still great opportunities for buyers, plus the interest rates are at all time lows which means it’s really still a win-win situation for you.
The fact that we have a price driven market means that sellers probably won’t make as much as they would like on the sale of a home. On the up side, the turnover rate for homes is better in North Liberty and it is likely that your home will spend less time on the market than in Iowa City or Coralville. (Depending on the location of course, location is always king). Bear in mind too that buyers are looking for deals. Pricing it right is one part of the equation. Equally important is that it’s in pristine condition. Pricing your home right + seeing to it that it’s the shiny penny on the block will put you well on the way to selling your home quickly so you can move onto the next phase of your life.
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 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.
Last week’s market update for North Liberty
North Liberty real estate market report June 2010
North Liberty real estate market report 2nd Quarter: April – June 2010
Weekly Market Update North Liberty July 26, 2010
213 Active Listings
31 Homes Under Contract
8 Homes Sold July 19 – July 24
When it comes to calculating the days on market 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 4.7 months of inventory on the market, that’s 141 days on market. North Liberty continues to do best in the area and with a 4.7 month absorption rate trending towards a sellers market.
What does this mean for you as a buyer? We still have a price driven market so there are still great opportunities for buyers, plus the interest rates are at all time lows which means it’s really still a win-win situation for you.
The fact that we have a price driven market means that sellers probably won’t make as much as they would like on the sale of a home. On the up side, the turnover rate for homes is better in North Liberty and it is likely that your home will spend less time on the market than in Iowa City or Coralville. (Depending on the location of course, location is always king). Bear in mind too that buyers are looking for deals. Pricing it right is one part of the equation. Equally important is that it’s in pristine condition. Pricing your home right + seeing to it that it’s the shiny penny on the block will put you well on the way to selling your home quickly.
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 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.
Last week’s market update for North Liberty
North Liberty real estate market report June 2010
North Liberty real estate market report 2nd Quarter: April – June 2010
Weekly Market Update North Liberty July 19, 2010
215 Active Listings
31 Homes Under Contract
13 Homes Sold July 12 – July 19
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 4.7 months of inventory on the market, that’s 141 days on market. North Liberty continues to do best in the area and with a 4.7 month absorption rate trending towards a sellers market.
What does this mean for you as a buyer? We still have a price driven market so there are still great opportunities for buyers, plus the interest rates are at all time lows which means it’s really a win-win situation for you.
The fact that we have a price driven market means that sellers probably won’t make as much as they would like on the sale of a home. On the up side, the turnover rate for homes is better in North Liberty and it is likely that your home will spend less time on the market than in Iowa City or Coralville. (Depending on the location of course, location is always king).
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.
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 market update for North Liberty
North Liberty real estate market report June 2010
North Liberty real estate market report 2nd Quarter: April – June 2010
North Liberty Real Estate Market Report 2nd Qtr 2010
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
Coralville Real Estate Market Report June 2010
Coralville Real Estate Market Report 2nd Qtr 2010
Weekly Market Update North Liberty July 5, 2010
214 Active Listings
50 Homes Under Contract
25 Homes Sold June 28 – July 5, 2010
An average of 132 days on market = 4.3 Months Absorption Rate (Number of months it takes for the market to “absorb” homes). North Liberty has the strongest numbers in the area and continues to do better than Coralville or Iowa City when it comes to how long inventory stays on the market. 4.3 months is definitely trending towards a sellers market. In a price driven market North Liberty is certainly attracting the “value shopper.” It will be interesting to see how this develops in the coming months now that the homebuyer tax credit has expired.
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.
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.
How the absorption rate is calculated
Last week’s market update for North Liberty
North Liberty real estate market report May 2010
North Liberty real estate market report 1st Quarter: January – March 2010
North Liberty Real Estate Market Report May 2010
71 homes sold in North Liberty in May 2010 compared to 53 homes sold in May 2009. That’s a 33% increase.
| Average Price Homes Sold May 2010 | $173,001 |
| Highest Price Home Sold: | $411,500 |
| Lowest Price Home Sold: | $70,000 |
| Average Price Homes Sold May 2009 | $167,575 |
| Highest Price Home Sold: | $336,900 |
| Lowest Price Home Sold: | $75,000 |
According to our MLS homes in North Liberty spent an average of 88 days on market in May 2010. This number is skewed as it doesn’t take into account the fact that some of the homes were re-listed and not new listings along with other variables. For my weekly updates 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 a little less than 5 months of inventory on the market – a bit of a variance to the MLS calculated number. Neither of the calculations take into account the different types of homes or different price ranges, so should be taken with a pinch of salt. 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 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.
If you’re interested in selling your home 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.
Weekly Real Estate Market Update North Liberty March 29, 2010
316 Active Listings
103 Under Contract
3 Homes Sold March 22 – March 27, 2010
6.8 Months Absorption Rate (Number of months it takes for the market to “absorb” homes).
The absorption rate in North Liberty jumped to 6.8 months this week. In all likelihood this number is skewed and will change when the 103 homes under contract start to close. 14 more homes went under offer last week as home buyers race to take advantage of the homebuyer tax credit and meet the deadline of April 30 for an accepted offer.
Last week’s real estate market update for North Liberty
How the absorption rate is calculated
Real estate market report for North Liberty February 2010
Weekly Real Estate Market Update North Liberty March 22, 2010
273 Active Listings
89 Under Contract
4 Homes Sold March 15 – March 21, 2010
5.9 Months Absorption Rate (Number of months it takes for the market to “absorb” homes).
The absorption rate in North Liberty is 5.9 months, a little higher than last week. Since the absorption rate is calculated using the numbers of homes sold this is likely to change when the large number of homes under contract start to close. North Liberty continues to benefit from the homebuyer tax credit as homebuyers race to meet the deadline of April 30 for an accepted offer.
Last week’s real estate market update for North Liberty
Real estate market report for North Liberty February 2010
Weekly Real Estate Market Update North Liberty March 15, 2010
257 Active Listings
76 Under Contract
2 Homes Sold March 8 – March 13, 2010
5.6 Months Absorption Rate (Number of months it takes for the market to “absorb” homes)
The absorption rate in North Liberty is 5.6 months and still trending towards a sellers market. When the 76 homes under contract start closing it will be sure to have a positive impact on the absorption rate. North Liberty continues to benefit from the homebuyer tax credit as homebuyers race to meet the deadline of April 30 for an accepted offer.
Last week’s real estate market update for North Liberty
Real estate market report for North Liberty February 2010
