Iowa City Real Estate - Market Snapshot January - September 2012

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

Today I thought I'd share some preliminary data on how the Iowa City real estate market is doing. Charts - Data on the Iowa City real estate marketAs we head into the 4th quarter there's plenty of year to look back on! I'll have my work cut out for me this week when I take a closer look at home sales in the three areas I keep a close eye on - Iowa City, Coralville and North Liberty IA.

Home sales in Iowa City - January 1 through September 30, 2012

  • Number of homes sold so far this year is up 16% compared to 2011
  • Single family home sales are up by almost 20% - 492 single family homes in 2012 compared to 411 in 2011
  • Condo Sales are up by 6.25%. - 204 condos in 2012 compared to 192 in 2011
  • Zero Lot sales are up by almost 15% - 31 zero lots sold in 2012 compared to 27 in 2011
  • The average price of a home in Iowa City is up by 5% for the year. If you prefer to look at the median price it's up by 4%.

This is a very broad look at the data. In the coming weeks I'll be taking a much more in depth look at how the Iowa City real estate market is shaping up as 2012 winds down. Looking at the bigger picture, the trend is positive. Buyers are clearly feeling more positive about the Iowa City real estate market and where it's headed. That's a trend that we want to see continue through the Fall and Winter months in the Iowa City area!

If I've whet your appetite for market reports, just hop on over to my other website and you'll find detailed monthly market reports and market updates going back at least a couple of years.

 

Do you have a house to sell in the Iowa City area? I'm a straight talking Realtor who knows the ins and outs of the Iowa City real estate market and knows how to get your home sold. Give me a call today and let's talk. I promise you it will be worth your while!

 

Data pulled from the Iowa City MLS October 1, 2012

 

Originally posted @ Cardinal Realty Iowa City

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-This is very good news for your area. I have heard there are many places with increases which is always a positive for the housing market. Hope you are doing well.

Oct 02, 2012 03:37 AM #1
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Denise Hamlin, Broker/Owner

Helping Happy Clients Make Smart Choices
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