Iowa City Real Estate Market Report December 2009

By
Real Estate Broker/Owner with Cardinal Realty ~ 319-400-0268

Iowa City Real Estate Market Report December 2009

I have so much data to share with you this month that it was tough to know where to start! I decided to do it chronologically. First a year over year comparison of the monthly and quarterly numbers of homes sold in Iowa City for the period ending December 31, 2009. Followed by a year over year comparison of annual home sales in Iowa City for 2009.

Homes Sold in Iowa City December 2009 Compared to December 2008

Home for sale - sold iowa city48 homes sold in Iowa City in December 2009 compared to 41 homes sold in 2008. That's an increase of 17%.

Median price: $219,950 compared to $175,000 in 2008.

Average days on market: 115 compared to 126 in December 2008.


Homes Sold in Iowa City in the 4th Quarter - October - December 2009


169 homes sold in Iowa City
October through December 2009 compared to 127 in the 4th quarter 2008. That's an increase of 33%.

Median price: $178,000 compared to $183,000 in the 4th Quarter 2008.

Average days on market: 95 compared to 112 in the 4th Quarter 2008.


We ended the year on a high note with a strong 4th quarter for home sales in Iowa City. Below are the numbers for the year. Altogether we see a modest increase in home sales for the year. Encouraging data, especially for home sellers when you think of the slow start we had at the beginning of 2009.


Homes Sold in Iowa City January 1 2009 - December 31, 2009


879 homes sold in Iowa City
January through December 2009 compared to 857 homes sold in 2008. That's an increase of 3%.

Median Price: $172,900 compared to $173,001 in 2008.

Average days on market: 93 compared to 100 in 2008
.


Coralville Real Estate Market Report December 2009

 

North Liberty Real Estate Market Report December 2009

 

Source for Data: Iowa City Area MLS January 5, 2010.

Posted by

Denise Hamlin, Realtor®

Broker/Owner

CARDINAL Realty, Coralville IA 

Licensed to Sell Real Estate in the State of Iowa

 

Helping Happy Clients Make Smart Choices 

Iowa City Area Real Estate Services

 

Please remember that opinions expressed in my blog are just that - opinions - not fact
For legal or accounting advice please consult with a professional
Although the information provided is deemed reliable, it's not guaranteed

 

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Rainmaker
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Jerri McCombs
Hendersonville NC Relocation - Hendersonville, NC
Hendersonville NC Relocation

Hi Denise,

Thanks for the report. You may be wondering what a North Carolinian would be doing looking at stats in Iowa. I used to live in Iowa City from 1973 to 1994. I really miss it and still have many friends there from all that time.

You write a great blog and I have been following because I miss Iowa like crazy. I have been vicariously liviing there through you-ha! But when I see your pictures of the weather I am still glad I made the move.

Thanks for all of the updates, especially about places like the Mill. I miss the Mills music and lasagna, and all he people that used to be a part of Keith's followers of music. I wonder how things have changed now that he has sold it.

I will continue to watch your blogs!

Jerri

Jan 05, 2010 01:36 AM #1
Rainmaker
565,763
Denise Hamlin, Broker/Owner
Cardinal Realty ~ 319-400-0268 - Iowa City, IA
Helping Happy Clients Make Smart Choices

Hi Jerri ~ That's so great that you're watching my blog for tidbits about Iowa City. (Including market stats.:-) It is a wonderful place to live. A fabulous, vibrant little college town. I do agree with you though, this weather makes it harder to love at the moment!

Denise

Jan 05, 2010 02:26 AM #2
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Rainmaker
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Denise Hamlin, Broker/Owner

Helping Happy Clients Make Smart Choices
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