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

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

As we march towards the end of the month it's high time I catch up with my market reports for August. Home sales were up in Iowa City and Coralville in August 2011 compared to 2010. Now it's time to look at North Liberty. The good news is that North Liberty also had a good month in August with home sales up by 26% compared to last year. 34 homes sold in North Liberty in August 2011 compared to 27 in 2010. The third quarter is definitely shaping up nicely for the Iowa City area. Home sales are up, although of course we still have a lot of inventory to get through. Buyers are still in the driver's seat and are putting pressure on home prices. It's going to be interesting to see what happens during the winter months and if we can continue our progress towards a more balanced market.

 

Homes Sold North Liberty August 2011


 

The average price for a single family home in North Liberty in August 2011 was down compared to last year. $211,064 compared to $290,388 in August 2010. The average price for condos in North Liberty was was down a bit too at $123,683 in August 2011 compared to $125,591 in August 2010. Oddly enough, while the number of zero lots sold is down, the average price is up compared to last year. $177,275 in August 2011, compared to $165,950  in August 2010

The median price for a single family home in North Liberty in July 2011 was $216,200 in August 2011 compared to $229,900 July 2010. The median price for a condo in North Liberty was $126,950 in August 2011 compared to 131,900 in August 2010. The median price for a zero lot was $161,500 in August 2011 compared to $154,950 in August 2010.


Source for data: Iowa City Area MLS September 24, 2011

 

North Liberty IA Real Estate Market Report July 2010

 

 

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 (1)

Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

It looks like there is some good news... Condos seem to have taken a bigger hit than homes.  It is the same in NH. 

Sep 24, 2011 02:39 PM