Homes Sold & Average Price - Coralville IA January 2011 Compared to January 2010

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

14 homes sold in Coralville IA in January 2011 compared to 3 in January 2010. It won't surprise you to learn Coralville did better than Iowa City and North Liberty by a long way for home sales in January... 8 single family homes sold in January, 5 attached condos and 1 zero lot.  In both Coralville and Iowa City it seems condo sales are on the rise. That's good news as we head towards the strongest selling time of the year for condos.

Homes sold in Coralville January 2011 compared to January 2010


The average price for a single family home in January 2011 was $267,056. That's up from last year, but is misleading since only 2 single family homes sold last year. The average price for condos was $159,100 in January 2011.  6 of the homes sold in January sold at less than 90% of the list price. A strong indication that buyers are still putting a lot of pressure on prices. This winter pricing won't last forever though and after this strong start in January things are looking positive for Coralville when the spring market arrives and more buyers enter the marketplace.

Coralville IA Real Estate Market Report December 2010

Source for data: Iowa City Area MLS February 5, 2011

 

Originally posted @ ichomesforsale.com

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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Vacation Rentals The Jeff Rickert Team
RE/MAX Property Specialists - Pocono Lake, PA
Poconos Vacation Rentals

Thanks for the post and the report.

Good luckin your area.

Feb 06, 2011 02:52 AM #1
Rainmaker
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Denise Hamlin, Broker/Owner
Cardinal Realty ~ 319-400-0268 - Iowa City, IA
Helping Happy Clients Make Smart Choices

Hi Corinne ~ Yes, things are definitely picking up in Coralville. Fortunately for me as I have two new listings coming up in Coralville in the next week. They will both be priced right for the market too so I'm optimistic they won't be around for long!

Jeff and Heather ~ Thanks for stopping by. I appreciate the feedback.

Feb 08, 2011 05:11 AM #3
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Rainmaker
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Denise Hamlin, Broker/Owner

Helping Happy Clients Make Smart Choices
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