Coralville Real Estate Market Report 2nd Quarter / April – June 2010 compared to April – June 2009
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%. 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.
|Average Price Homes Sold 2nd Qtr 2010:||$214,238|
|Highest Price Home Sold:||$740,000|
|Lowest Price Home Sold:||$60,500|
|Average Price Homes Sold 2nd Qtr 2009:||$230,105|
|Highest Price Home Sold:||$757,083|
|Lowest Price Home Sold:||$38,500|
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 in Coralville. If you’re selling a home in Coralville you need to look at home sales specific to your house and your neighborhood.
Are you looking for the right Realtor to help you navigate the complexities of the real estate market, all the while looking out for you and your money? Sound advice and guidance is just a phone call, text or email away. Call Denise now at 319-400-0268.