Homes Sold in Coralville - Market Update February 20, 2012

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

It's good news all around today. Not only are home sales up in Iowa City again this month, they're also up in Coralville. This is especially good news in Coralville as home sales took a bit of a dip in January. I figured it was a glitch, it's good to see I was right.

11 homes sold in Coralville in February so far compared to 5 this time last year. 24 homes are listed as pending or contingent and 175 homes are currently showing as Active Listings on the Iowa City MLS.

As I said in my post earlier today, if you're on the fence about selling your home, now would be a REALLY good time to list it! Spring is typically the best time to list your home anyway. This is the time of year when you will get the biggest number of buyers out looking for homes at the same time. Iowa City is a relocation destination and the next few months is when new Residents and Faculty for the UI Hospitals and University of Iowa start looking for accommodation this Fall. Both Coralville and North Liberty are popular options for folks relocating to the area. Add to that the renters that are looking to move into their own home around the time their lease expires in June or July and you have a whole lot of potential buyers for your newly listed home

 Coralville Real Estate Market Update February 20, 2012

 175 Active Listings
24 Homes Pending or Contingent
11 homes sold in Iowa City in February to date -  6 Single Family Homes, 4 Condos and one Zero lot

The Absorption Rate is at 7.7 months. That's an average of 233 days on market. If you follow the link you'll find out more about how the absorption rate is calculated.

The trend in the housing market in Coralville is once again moving in the right direction. With increased buyer activity in the next few months we should make more headway and move towards a more balanced market.

Whether you're buying or selling a home in Coralville, I'd love to hear from you. As your Local "Virtual" Brokerage Cardinal Realty offers top of the line service to buyers and sellers. With a "keep it simple" approach to real estate my goal is to leverage the power of the Internet and Technology and combine that with Personal Service to offer unparalleled support to clients throughout the buying or selling process. 

 

Real Estate Market Report Coralville IA January 2012

Home Sales in Coralville IA January - December 2011

Home Sales in Coralville by School District January - December 2011

Home Sales in Iowa City January - December 2011

Home Sales in Iowa City by School District January - December 2011

 

Data for this market update pulled from the Iowa City MLS February 20, 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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Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

You are not the first I have heard in the country to see things turning.

Feb 20, 2012 01:17 PM #1
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Denise Hamlin, Broker/Owner

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