North Liberty IA Real Estate Market Report 2nd Quarter / April – June 2010 Compared to April – June 2009
236 homes sold in North Liberty IA 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.
|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.
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.