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

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

48 homes sold in North Liberty in May 2011 compared to 71 in May 2010. The surprising thing about the numbers is the fact that condo sales are up compared to last year. The big drop comes from single family homes and zero lot sales. This is totally different to Iowa City where single family home sales are doing much better than condos. If you follow my blog you'll know I keep an eye on the housing trends in Iowa City, Coralville and North Liberty. At the moment there's a lot of volatility with strange data like this that's hard to get a handle on. We're just going to have to be patient and watch and wait to see what happens in the coming months. This is the peak selling time of the year. In another couple of months we should have a clearer idea of how the North Liberty and greater Iowa City area housing market is really doing. One thing's for sure, these are interesting times to say the least.

Homes sold in North Liberty May 2011 compared to May 2010


Homes spend less time on the market in North Liberty than Iowa City or Coralville with an absorption rate of 7.1 months, that's an average of 217 days on market. (6 months absorption rate would be a balanced market). I'll be right here continuing to watch 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 May 2011


The average price for a single family home in North Liberty in May 2011 was $215,967 compared to $233,480 in May 2010. The average price for condos in North Liberty was $118,008 in May 2011 compared to $118,172 in May 2010. The average price for a zero lot was $179,457 May 2011, compared to $161,737 in May 2010

Median Price Homes Sold North Liberty May 2011


The median price for a single family home in North Liberty in April 2011 was $214,900 in May 2011 compared to $219,450 in May 2010. The median price for a condo in North Liberty was 120,450 in May 2011 compared to $123,500 in May 2010. The median price for a zero lot was $177,900 in May 2011 compared to $149,900.

Source for data: Iowa City Area MLS June 22, 2011



North Liberty IA Real Estate Market Report April 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

 

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