A look at inventory levels of new construction compared with existing homes for sale in Des Moines.
Des Moines Real Estate: New Construction Homes For Sale, January 1st, 2007
by: Brian Wentz, Realtor
Des Moines home builder inventory levels remain high at the start of 2008. New construction currently accounts for around 33% of the homes for sale in our area. Proposed construction levels are down substantially from last year, standing at just around 4% of homes available in Des Moines. Existing homes account for the bulk of our market, at just over 63% of total inventory.
There are currently4,612 pre-owned homes for sale in the Des Moines area and 2,382 new homes for sale. Home builders in Des Moines have proposed building another 303 homes.
In this current environment, new homes for sale in Des Moines present potantial buyers with the opportunity to negotiate with builders for upgrades and even reductions in price. This has not been the case in recent years as new homes sold quickly, and builders did not need to negotiate prices to keep sales moving.
If you plan to build a home in the greater Des Moines, Iowa area, having a REALTOR who stays on top of the ever changing market can be a valuable asset to you! Contact us today to discuss your plans!
Also See:
Des Moines Real Estate: Foreclosure Homes For Sale, January 1st, 2007
Des Moines Iowa Real Estate Sales Activity: December 07: 9.9 Months of Inventory
Des Moines Iowa Real Estate, Homes for Sale, 2007 vs. 2006
Brian Wentz & Beth Ernst
Burnett Realty
515-334-4994
www.BrianWentzRealtor.com
Helping you buy or sell your Des Moines area home, including Urbandale, Clive, Beaverdale, West Des Moines, Johnston, Ankeny and Waukee.
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