Housing Trends by School District in Coralville 2011 Compared to 2010

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

The most efficient way to search for homes in the Iowa City area is by school district. That way you can narrow down neighborhoods without making the area so small that the search becomes ineffective. That's the principal I use when helping buyers to find homes and figured it's just as effective a tool for researching homes sold by neighborhood. Last week I looked at Iowa City. Today I'm looking at homes sold in Coralville.

Coralville has a population of about 20,000 and there are 3 elementary schools in Coralville itself. Some children living in the north of Coralville visit one of the other three elementary schools shown on the chart below in neighboring towns Tiffin, North Liberty and Iowa City. (If you check out this post where I created a map of elementary schools in the area you can see just how close Coralville is to its neighbors).

***Clicking on the chart will take you to the full size version for easier reading

Homes sold + median price Coralville 2011 compared to 2010

Kirkwood & Central Neighborhoods - Largest Number of homes sold in Coralville at the Most Affordable Prices

Kirkwood and Central Elementary Schools are in the heart of Coralville and this is where the most affordable homes can be found. This is the more established part of Coralville. This is where you'll find smaller single family homes, apartment style condos and A LOT of zero lots.  For newer homes, buyers need to look  further north. I relocated to Coralville in 2000 myself and a lot has changed since then. "New" Coralville, pretty much anything north of Holiday Rd, looks a lot different than it did when I arrived 12 years ago. The 12th Avenue extension takes commuters to North Liberty these days and Van Allen Elementary is just past the boundary between Coralville and North Liberty.

Opportunities for Buyers in the High End, Luxury Market in Coralville

Homes sold in the Wickham, Van Allan and Lincoln school districts as you can see are generally priced higher. The explanation for that is that the area to the north of Coralville has primarily larger single family homes and luxury condos. (Homes sold in the Clear Creek school district are apartment style condos in apartment buildings at Coral Ct).

If you checked out my market reports at the beginning of the year for Coralville you'll know that home sales were down a bit for the year compared to 2010. (275 homes sold in coralville in 2011 compared to 295 in 2010). What's clear from this chart is that home sales for the higher end and luxury market are down. This is obviously not great if you're a seller, but we all know every market is good for someone and this means opportunities for buyers.  With interest rates below 4% it can only be a matter of time before buyers recognize they can get a whole lot of house with an interest rate that low!

I'm all about providing as much information as possible for buyers and sellers in Coralville and Iowa City. If you have any questions for me, please be sure to drop me an email or give me a call. I'm here to help!

 

Data for this market report was pulled from the Iowa City MLS January 31, 2011

 

Originally posted at Iowa City Homes for Sale

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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Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
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Denise-A great job with this. I love the way you present this info. Nicely done.  That while a drop from last year is not a significant drop

Jan 31, 2012 01:45 PM #1
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Denise Hamlin, Broker/Owner

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