Mid Year Market Trends in Coralville June 2015
With half the year behind us how is the real estate market looking in Coralville? Both home sales and home prices are up for the year in Coralville. The chart below shows the the types/styles of homes sold in Coralville in the first half of 2015 and it’s clear right away that it’s condos that are the big sellers this year with condo sales up by 100% – Exactly twice as many condos sold in the first half of 2015 compared to 2014. That is an impressive increase in condo sales and definitely a sign that the real estate market in Coralville is in excellent shape.
Coralville has many choices for condo buyers, ranging from affordable options for first time home buyers to luxury condominiums with views of the golf course or other upgrades for the discerning buyer. The highest price condo sold in the first half of 2015 is was $405,000. The lowest priced condo was $50,000. Both the average and the median price of homes in Coralville is up for all styles of homes. There is more information about that in the table below.
Surprisingly, single family home sales in Coralville are lagging behind and barely even for the year so far. 90 homes sold in Coralville January – June 2015 compared to 91 in the same time frame in 2014. It’s doubtful this lacklustre number has anything to do with a lack of buyers and much more to do with a lack of homes in the right price ranges for buyers in the peak selling season.
Homes Sold in Coralville January – June 2015
Average & Median Price: Homes Sold January – June 2015
What does this all mean to you if you’re buying or selling a home in Coralville? For buyers, hiring a (good) Buyer’s Agent will be your first step to ensuring that you actually get to see homes before they get snapped up. In the current busy real estate market a good agent is a great asset and a strong ally. She’ll be the one watching the market to make sure you don’t miss out on that “hot” property. Call Denise at 319-400-0268 for sound advice and guidance finding the right home for you in Coralville.
There are great opportunities for sellers in Coralville in a strong real estate market. Give Denise a call at 319-400-0268 for personal, effective real estate services with a hi-tech advantage. Even in a hot market homes don’t sell themselves. A successful real estate transaction has nothing to do with chance or luck – Every SOLD Sign starts with a plan! Call today ~ Let’s get started on getting that SOLD Sign in your yard!
Data for this market report provided by the Iowa City MLS July 19, 2015