Facts and TrendsTM
Published May. 2010
Location : Omaha MLS
Number of Homes For Sale vs. Sold vs. Pended    (Feb. 2009 - Apr. 2010)
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Res. Proptypes - All Property Statuses - All Property Styles

 

 

	1 month	1 year	15 months
	Mar 10	Apr 10	% Change	Apr 09	Apr 10	% Change	Feb 09	Apr 10	% Change
For Sale	5437	5714	5.1%	4932	5714	15.9%	4865	5714	17.5%
Sold	825	943	14.3%	908	943	3.9%	485	943	94.4%
Pended	1311	1518	15.8%	1108	1518	37%	691	1518	119.7%

 

All reports presented are based on data supplied by the Council Bluffs IA Association of Realtor and Great Plains Realtors/Omaha Area BOR or their MLSs. Neither the Associations nor their MLSs guarantee or are in anyway responsible for their accuracy. Data maintained by the Associations or their MLSs may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

 

Pending sales in March 2010 were up 23.7 % over March pending sales 2009. For the same period homes that closed were up 7.4%. Overall the first quarter was a good start to the year with pending sales up 17.2% over the first quarter of 2009. Let's hope this trend continues

The Commerce Department reported Wednesday that sales of new single family homes dropped 11.2 percent in January from December.

This is a national figure however, and I have always said that the Omaha metro is it's own market. In addition, a better comparison, I feel, would be to compare January '09 figues to January '10 figures. In Omaha new home sales increased 12.6% and the number of new homes that went pending increased almost 30%. More proof that the market seems to be improving is evadent in the fact that NPDodge Real Estate's overall sales in February have averaged $3 million dollars a day and that number has been increasing each day. Historically low interest rates combined with the tax incentives, make now a great time to buy. Warmer weather is obviously not the solution to the bad economy, however you would have to agree that better weather makes it much easier to shop for a new home. As the real estate market becomes stronger so too will the economy and it looks as though Omaha will be leading the way towards recovery.

We are excited to announce that the construction of the new facade of the Beverly Hills Plaza has begun. Darland Construction has begun tearing done the shake shingled roofs and pouring new concrete sidewalks. They will work from the Jerry Ryan store at the East end down to the Play it Again store on the West end. Once they reach the West end, the bay that is currently Play it Again Sports will be tore down. This is where the new 80 Dodge building will soon emerge as the west end cap of the plaza. The construction of this new facade is expected to be complete by November.

 

  

Once the Beverly Hills Plaza has received it's face lift we will begin the demolition of the old Vatterott College building at 80th and Dodge. The new 80 Dodge building will have a foot print that will follow the contour of Dodge Street on the South and cover the area that is currently occupied by the old collage building.

On Thursday, July 24th, Steve Jensen, the Omaha city Planning Director, spoke to several potential residents about the vision and overall plans for the 72nd to 90th Street corridor. Click the link below to read a little about what he had to say.

KETV Story-80 Dodge Should Lead Midtown Development, City Says

Below is an invitation to an agent open house I am hosting on Thursday, July 17th from 10am-12pm. The open house is sponsored by Omaha Title and Escrow and Jo-on-the-Go will be there from 10-11 serving made to order espressos, cappuccinos, and coffee. Come get your caffeine fix and enjoy a bit of conversation whit your fellow REALTORs. I hope to see you there.

The 80 Dodge Condo project has been an exciting project to be a part of, and now things are really starting to get moving.

Part of the overall project is the reconstruction of he facade of the Beverly Hills Plaza.  The owners of this retail space have accepted bids on the construction and are expected to begin the transformation in early June.  The contractor that is choosen will be staging their equipment in the parking lot adjecent to the old Vatterott College building which must come down to begin construction on the first 80 Dodge tower. As the renovation of the Beverly Hills Plaza is completed, the developers of 80 Dodge will begin preparing for the demolition of the Vatterott building.  I expect this to begin as space in the staging area allows. Bellow are a few new renderings of the project. Including the 4th floor indoor pool, 4th floor terrace, and an updated view of the 80 Dodge tower from the 80th street and Dodge corner.

Our model is open 7 days a week from 11-6 and is located on  the Third Floor of the Access Bank building at the corner of 78th Street and davenport. For more information or a private showing please call Roy Kotz at 402-639-2059 or e-mail your questions to Roy@RoyKotzRealtor..com