Homes Sold in North Liberty IA April 2011 Compared to April 2010

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

35 homes sold in North Liberty in April 2011 compared to 56 in April 2010. Bear in mind the first time homebuyer credit was around last year and that skews the comparison. There are 116 homes listed as pending or contingent. Homes showing as pending or contingent have accepted offers that still have contingencies on them to fulfill before they close. 292 homes in North Liberty are currently showing as active listings on the Iowa City MLS.

Number of homes sold North Liberty IA April 2011 compared to April 2010


Homes spend less time on the market in North Liberty than Iowa City or Coralville with an absorption rate of 7.2 months, that's an average of 219 days on market.  (6 months absorption rate would be a balanced market). I'll be watching to see how the housing market shapes up in North Liberty in the coming months so check back for updates, or better yet Subscribe to my blog for email updates.

Average Price Homes Sold North Liberty 2011


The average price for a single family home in North Liberty in April 2011 was $197,186 compared to $232,669 in April 2010. The average price for condos in North Liberty was $118,954 in April 2011 compared to $120,850 in April 2010. The average price for a zero lot was $187,946 in April 2011, compared to $159,150 in April 2010

Median Price Homes Sold North Liberty IA April 2011


The median price for a single family home in North Liberty in April 2011 was $210,500 in April 2011 compared to $217,047 in April 2010. The median price for a condo in North Liberty was $124,000 in April 2011 compared to $117,500 in April 2010. The median price for a zero lot was $191,400 in April 2011 compared ton $159,900. When we look at the median price it's basically telling us that 50% of the market purchased a home above this price and 50% below this price. It's an interesting trend with the median price down compared to last year for single family homes and up for condos and zero lots.


Source for data: Iowa City Area MLS May 26, 2011

Updated May 31, 2011


North Liberty IA Real Estate Market Report March 2011

North Liberty IA Real Estate Market Report February 2011

North Liberty IA Real Estate Market Report January 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

 

Comments (3)

EMILIA B COOPER, REALTOR® SFR.NCHSE.AHWD
LAROSA REALTY - Orlando, FL
Short Sales, Foreclosure & Bank Owned Real Estate

Wow Denise, I can tell you are very knowledgeable on market conditions in this area and in the  neighborhood, that is very good for your costumers sellers/buyers. Excellent post!!

May 30, 2011 07:45 PM
Denise Hamlin, Broker/Owner
Cardinal Realty ~ 319-400-0268 - Iowa City, IA
Helping Happy Clients Make Smart Choices

Thanks Emilia. I appreciate the compliment. I put quite a lot of effort into my market reports, it's nice to be noticed.

Well spotted Sherlock who noticed I was up in the wee hours. I'd had such a busy day with clients on the one hand and fixing stuff under my sink on the other hand that I couldn't sleep. Thought I might aswell play catchup.

May 31, 2011 02:50 PM