Storm Lake Iowa Year To Date Market Report

Real Estate Broker/Owner with Weaver Realtors B55786000

12/7/09 Storm Lake and Alta Homes For Sale!

  Market Snapshot - Year To Date
  Single Family Residential in Storm Lake and Alta Iowa - 50588 and 51002

  Total Available - 266

  Sold - 159

  Active - 107

  Days on Market (DOM) - time from first listed until closed
  and %L/SP (Percentage of Listing Price Received)
  0 -31 days     31-60 days    61-90 days    91-120 days    120+ days
    40                 32                 22                    17                 48
  25.16%         20.13%         13.84%             10.69%          30.19%
  96.63%LP     95.92%LP    96.29%LP            93.9%LP       94.42%LP
  A big take away is that there are a number of properties available for sale, 107 today with Alta and Storm Lake addresses.  Just over 25% sell within the first 31 days and at only 3.37% less than listed price. However if the  property goes over 120 days (and over 30% stay on the market more than 4 months) it will bring nearly 6% less than listed price PLUS have an additional 3  months in mortgage payment, taxes, utilities and maintenance costs added to the cost.

Posted by

Georgia A. Weaver, GREEN, CNE, CRS, GRI, 
Broker Owner and Iowa Certified General Contractor

Weaver LLC Realtors
"A Promise Made is a Promise Kept"

607 Lake Avenue
Lake Avenue
Storm Lake, IA 50588
Office 712-213-4663 (HOME)
Direct 712-291-0118

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Georgia Weaver

A Promise Made is a Promise Kept! 712-291-0118
Ask me a Storm Lake IA area real estate question.

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