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Storm Lake IA Homes For Sale - How's the local market doing?
Storm Lake Iowa home sales market is clicking along, although it is slower than the same time last year.
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For this quarter so far, Storm Lake and Alta had 33 properties sell. Last year 52 properties sold in the same time period, but the government incentive (up to $8,000) was in place.Sales ranged from $19,000 ( a foreclosure) to $360,000. With an average sale price of $136,532. Last year this range was from $35,000 to $445,000 with an average of $111,306.The time spent on the market ranged from 1 day (foreclosure, so this number is not accurate, property was previously listed), to 371 days on the market.
Over a third of the properties stayed on the market for 120 days or longer. Last year 42% of the 52 properties that sold, sold within the first 30 days on the market.
The Sale price as compared to list price was down overall. SP%/LP range in the 0-30 days on the market was 94.39% (exa $100,000 list price actually got an accepted offer of $94,390 - ... more
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