iowa city real estate market: Iowa City Homes: Market Snapshot April 16, 2012 - 04/16/12 12:11 PM
The spring market has kicked in big time in Iowa City. A few weeks ago the real estate market was chugging along quite nicely with good solid gains month for month. This past couple of weeks there's been quite a shift and homes in Iowa City are going under contract left and right! To illustrate my point, 179 homes are marked on the MLS as pending or contingent. (There were 109 in March when I did my last update). And since the MLS relies on agents to update the data and they're pretty busy right now, it's probably safe to say there are … (2 comments)

iowa city real estate market: Home Sales in Iowa City - Market Snapshot January 27, 2011 - 01/27/12 10:09 AM
25 homes sold in Iowa City in January so far. That puts home sales way ahead of January 2011 when only 9 homes sold in the entire month. The real estate market in Iowa City is getting off to a great start in 2012.
46 homes are listed as pending or contingent and 310 homes are currently showing as Active Listings on the Iowa City MLS. I'm going to say something now that I wasn't saying last year at this time. We need more inventory! I know for a fact buyers are looking for fresh listings. If you're on the fence about selling your home, now would be … (1 comments)

iowa city real estate market: Homes Sold in Iowa City July 2011 Compared to July 2010 - 08/18/11 12:40 PM
Home sales in Iowa City hit it right out of the park in July. 144 homes sold in Iowa City in July 2011 compared to 73 homes sold in July 2010. That's a 97% increase over last year!  Phenomenal data on the heels of the pretty grim economic news of the last couple of days with the US losing its AAA credit rating and Freddie and Fannie being downgraded too. I'm hoping that doesn't rattle these happy home buyers and I can continue bringing you good news about the Iowa City real estate market throughout the second half of the year.
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iowa city real estate market: Iowa City Homes: Market Snapshot June 27, 2011 - 06/27/11 03:51 PM
It's almost the end of the month and it doesn't look like this is going to go down as the busiest June on record! According to data pulled from the Iowa City MLS today the number of homes sold in Iowa City this month to date is at 108. That's down by about 30% compared to June 2010 so far. There need to be a lot of closings in the next couple of days to bring that number up. There are 161 homes Sale Pending or Contingent. (Sale Pending or Contingent means they have accepted offers that may still have contingencies … (0 comments)

iowa city real estate market: Iowa City Homes: Weekly Market Update March 14, 2011 - 03/14/11 05:22 PM
It's mid March and the real estate market in Iowa City is hopping. If you've been following my posts you'll know I've been saying for weeks now that things are picking up. 101 homes under contract. That's a number that will get your attention I think. We're into the triple digits - Definitely a good sign! We've had a market where buyers had a hard time making decisions, it looks like that's changing. All we need now is for this trend to continue through the hot selling months of the year. Check back, because I will be watching that like a … (2 comments)

iowa city real estate market: Iowa City Homes: Weekly Market Update March 7, 2011 - 03/07/11 11:22 AM
 
The real estate market in Iowa City continues to flourish as we head towards Spring. This week I have numbers to back up my words again: 84 homes under contract. That's a good solid number, especially as 16 homes that were sale pending last week changed their status to sold this week. The number of active listings has risen by quite a bit too. The rise in the number of homes under contract coupled with the increase in active listings shows that both buyers and sellers are feeling pretty good about the real estate market in Iowa City right now. … (0 comments)

iowa city real estate market: When is the Best Time to List Your Home? Soon. Spring Has Arrived in the Iowa City Real Estate Market - 01/13/11 10:50 AM
When is the best time to put your home on the market in Iowa City? That's a loaded question, isn't it? And one that comes up all the time at this time of year. Got an email this week reminding me that home owners have a very different view on this than Realtors and figured that was reason enough to write this post. To answer a question with another question. When exactly does the spring market kick in? That's the big motivating factor for when you should put your home on the market. From a Realtor's perspective I can tell you … (4 comments)

iowa city real estate market: Iowa City Real Estate: Residential Sales & Average Price 2010 Compared to 2009 - 01/05/11 05:03 AM
My last market report covered home sales in Iowa City for the last decade, (2003 - 2010 to be precise. That's how far back the Iowa City MLS goes). Today I'm going to drill it down a bit and compare data for home sales and average prices for homes sold in Iowa City comparing 2010 to 2009.
785 homes sold in Iowa City from January to December 2010 compared to 880 homes sold in the same time frame in 2009. That's a drop of 12%. Looking at the chart it's single family homes that have taken a hit. The rest of … (0 comments)

iowa city real estate market: Iowa City Homes: Weekly Real Estate Market Upddate December 20, 2010 - 12/20/10 09:24 AM

416 Active Listings20 Homes Under Contract11 Homes Sold week ending December 18, 2010 I was going to skip my weekly market update this week with Christmas at the door and all that, then I saw 11 homes sold last week and I thought that was definitely worth passing along! It seems it's developing into a pretty decent month for home sales in Iowa City after all. 8 single family homes and 3 condos sold last week in Iowa City.Highest Price home sold: $332,000Lowest Price home sold: $103,500Average Price of homes sold: $188,693Highest number of days on market: 141Lowest number of … (2 comments)

iowa city real estate market: Weekly Market Update Iowa City August 23, 2010 - Number of Homes Sold, Average Price and Days on Market - 08/23/10 03:33 AM

 
563 Active Listings38 Homes Under Contract9 Homes Sold August 16 - August 21, 2010
Highest number of days on market: 140 daysLowest number of days on market: 36 days The Iowa City real estate market is continues to be pretty slow. We still have the winning combination of more homes than buyers in the market place + historically low interest rates. In fact they're lower than ever - 4.25% for a 30 year fixed rate loan! Beats me why the market isn't a total frenzy with such lucrative times for buyers. I guess we just wait and see … (0 comments)

iowa city real estate market: Weekly Real Estate Market Update Iowa City August 9, 2010: Homes Sold, Homes Under Contract & Active Listings - 08/09/10 05:22 AM
Weekly market update Iowa City: Number of homes sold, homes under contract and active listings August 9, 2010
 

 
 
 
572 Active Listings33 Homes Under Contract23 Homes Sold August 2 - August 7, 2010 When it comes to calculating the days on market 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 8.0 months of inventory on the market, that's 243 days on market. MLS data puts it at less. No matter how you slice and dice it, we still have many more homes … (0 comments)

iowa city real estate market: Iowa City Real Estate Market Report July 2010 Compared to July 2009 - 08/04/10 03:48 AM
Iowa City Real Estate Market Report July 2010 compared to June 2009
 

 
68 homes sold in Iowa City in July 2010 compared to 174 homes sold in July 2009. Quite the dip as you can see. It won't come as a surprise to you to learn that the expiration of the first time homebuyer tax credit had a significant impact on our market. The surprise would have been if that had not happened! Hopefully it levels out a bit now though and the numbers improve in August.
As far as the days on market are concerned. I … (0 comments)

iowa city real estate market: Weekly Market Update Iowa City August 2, 2010: Homes Sold, Homes Under Contract & Current Listings - 08/02/10 04:48 AM
Weekly real estate market update Iowa City August 2, 2010. Homes sold, homes under contract and current listings.

 
585 Active Listings53 Homes Under Contract13 Homes Sold July 26 - July 31, 2010No big fluctuations on the week to week numbers at the moment. When it comes to calculating the days on market 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 8.2 months of inventory on the market, that's 248 days on market. MLS data puts it at less. Fact is though that we have … (0 comments)

iowa city real estate market: Iowa City Real Estate Market Report 2nd Qtr 2010 - 07/07/10 05:43 AM
Iowa City Real Estate Market Report 2nd Quarter / April - June  2010 compared to April - June 2009
 

392 homes sold in Iowa City in the 2nd quarter 2010 compared to 313 homes sold in the 2nd Qtr 2009 - That's a 25% increase. The really interesting part is just how many condos sold this year compared to 2009. We have an impressive increase of 62% - Excellent news since we have a market that is saturated with condos. We still have some catching up to do, but this is a great indicator that confidence is rising with … (3 comments)

iowa city real estate market: Iowa City Real Estate Market Report June 2010 - 07/07/10 05:15 AM
Iowa City Real Estate Market Report June 2010 compared to June 2009


There were 195 homes sold in Iowa City in June 2010 compared to 175 homes sold in June 2009 - That's a 13% increase over last year. What jumps out is that condo and zero lot sales are on the rise. Good news, especially the condo part - We have a lot of condos in the Iowa City area!

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 … (0 comments)

iowa city real estate market: Weekly Market Update Iowa City July 5, 2010: Homes Sold, Homes Under Contract & Active Listings - 07/05/10 06:07 AM
Weekly real estate market update Iowa City July 5. Includes homes sold, homes under contract and active listings.

 
 
614 Active Listings 59 Homes Under Contract 50 Homes Sold June 28 - July 3, 2010 An average of 241 days on market = 7.9 Months Absorption Rate (Number of months it takes the market to "absorb" homes). This number is staying pretty steady at the moment. In other words we still have a buyers market.  More homes than buyers in the market place + historically low interest rates = Opportunities for Buyers. For a complete list of homes for sale … (0 comments)

iowa city real estate market: Weekly Market Update Iowa City: Homes Sold, Under Contract & Active Listings - 06/28/10 03:19 AM
Weekly real estate market update Iowa City June 28, 2010: Includes homes sold, homes under contract and current listings.
 

 

626 Active Listings100 Homes Under Contract34 Homes Sold June 21 - June 26, 2010An average of 243 days on market = 8.0 Months Absorption Rate (Number of months it takes the market to "absorb" homes). This number is staying pretty steady at the moment. Even with all the closings we've had in the last few months we still have a buyers market. It seems the homebuyer tax credit may have pulled home sales forward as activity is a … (0 comments)

iowa city real estate market: Weekly Market Update Iowa City June 21, 2010: Homes Sold, Under Contract & Current Listings - 06/21/10 04:38 AM
 
Weekly real estate market update Iowa City June 21, 2010: Homes sold, homes under contract and active listings

 
 
623 Active Listings126 Homes Under Contract40 Homes Sold June 14 - June 19, 2010An average of 245 days on market = 8.1 Months Absorption Rate (Number of months it takes the market to "absorb" homes). This number is staying pretty steady at the moment. In other words we still have a buyers market. It seems the homebuyer tax credit may have pulled home sales forward as right now activity is a little low for the time of the year. … (0 comments)

iowa city real estate market: Iowa City Real Estate Market Report May 2010 - 06/17/10 09:26 AM
Real estate market report for Iowa City comparing May 2010 to May 2009. Number of homes sold, average price and days on market.
 

 
 
96 homes sold in Iowa City in May 2010 compared to 78 homes sold in May 2009 - That's a 23% increase over last year.
 
According to our MLS homes spent an average of 83 days on market in May 2010. This number is skewed as it doesn't take into account the fact that some of the homes were re-listed and not new listings along with other variables. For my weekly updates … (0 comments)

iowa city real estate market: Weekly Market Update Iowa City March 29: Homes Sold, Under Contract & Active Listings - 03/29/10 01:59 AM
Weekly real estate market update for Iowa City March 29, 2010. Includes homes sold, homes under contract and active listings
 

 
 
624 Active Listings163 Homes Under Contract10 Homes Sold March 22 - March 278.4 Months Absorption Rate (Number of months it takes the market to "absorb" homes).We continue to see the number of homes under contract rise, a good sign that we have an active market. All we need now is for some of those homes to close to see what kind of impact it has on the absorption rate. This active market is likely to continue through … (0 comments)

 
Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices  (Cardinal Realty ~ 319-400-0268) Rainmaker large

Denise Hamlin, Broker/Owner

Helping Happy Clients Make Smart Choices

Iowa City, IA

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Cardinal Realty ~ 319-400-0268

Address: Coralville, IA, 52241

Office: (319) 400-0268

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