Rock Island, Illinois 2007 Real Estate Market Report: REALTOR-Assisted Home Sales up 5.8%. But, Average Home Sales Price Declines 4.6% from 2006!
Rock Island, Illinois REALTOR-Assisted Home Sales up 5.8%. But, Average Home Sales Price Declines 4.6% from 2006!
REALTOR-assisted "Closed" sales transactions of existing single-family homes in the city of Rock Island, Illinois increased by 5.8% in the the year 2007, up from 2006.
With 399 closed sales transactions of existing homes from January 1 to December 31, 2007, the Rock Island market showed an increase of 22 units (5.8%) from the 2006 total of 377 closed sales transactions.
On a less happy note for home sellers, the average sales price of home sales that closed during the same period declined slightly, down from $91,225 in 2006, to $87,199 in 2007.
The average number of days on the market (from home listing date to sale pending date) increased slightly as well, up from 56 Days in 2006, to 59 Days in 2007, an increase of 5.3%.
The list price to sales price ratio, (reflecting the percentage of the last recorded listing price of a property versus what the property eventually sold for) also remained nearly the same at 96.21% in 2006 and 96.30% in 2007.
The Quad-City Area market is made up of the cities of Davenport, Bettendorf, LeClaire, Eldridge and Blue Grass, in Iowa. And Moline, Rock Island, East Moline, Silvis, and Milan, in Illinois.
Please feel free to give me a call @ (563) 508-1649 for answers to any/all of your Real Estate questions!!
Paul David Hiebing, REALTOR
"The Quad-Cities Premier First-Time Homebuyer's Specialist"
Licensed in the State of Iowa Since 2000. Licensed in the State of Illinois Since 2001.
Grampp Realty/GMAC Real Estate
2500 18th Street
Bettendorf, Iowa 52722
Office Phone:(563) 359-4401 Ext # 264
Cell Phone: (563) 508-1649
Office Fax: (563) 359-4405