Year End Market Report for 2014 and Trends for 2015
How is real estate market looking in North Liberty? Last week I looked at Home Sales and Home Prices in North Liberty as a whole. Today I’m breaking it down to styles of homes sold in North Liberty in 2014 along with looking at the market trends for 2015.
North Liberty remains one of the fastest growing towns in Iowa so it’s a bit of a surprise to see home sales down 12% in 2014. Even more surprising is that condo sales are down by 35%. Fortunately this is one time the numbers don’t tell the whole story. There was a shortage of houses and condos on the market in North Liberty in the peak selling months and clearly that had a big impact on the number of homes sold this year.
The number of homes on the market in North Liberty increased in the winter months, although there is still a shortage of condos on the market. Home sales in January are looking good with 17 homes sold in North Liberty so far this year, compared to 10 homes sold in January last year. That’s a fine kick off to the year. When you consider the higher inventory levels of homes on the market AND low interest rates this trend should continue in the coming months.
Check back for updates. Market reports for North Liberty are a regular feature on the blog!
Home Styles: Homes Sold in North Liberty 2014
Average & Median Price: Homes Sold in North Liberty 2014
Looking to buy a home in North Liberty? Hiring a (good) Buyer’s Agent will be your first step to ensuring yours is a smooth and easy real estate transaction. In fact 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 for you when you’re busy with everyday life. How else can you be sure you’re not missing out on a “hot” property? When you’re ready to work with an agent completely committed to finding you the right home to fit your lifestyle, at the right price of course, Call Denise at 319-400-0268. You really can’t put a price on piece of mind!
There are great opportunities for sellers in North Liberty in a strong real estate market. If you’ve got a condo to sell that statement is even more true! 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! Hire an agent who is completely committed to the success of your real estate transaction. Call today to get started on getting that SOLD Sign in your yard!
Data for this market report pulled from the Iowa City MLS January 25, 2015