What is the Market like in Urbandale?

By
Real Estate Agent with Signature Real Estate

That, dear reader, is a question we get asked almost everyday and can be a very tricky question to answer.  The answer depends on price range, area and type of home. You might get a different answer from a variety of Realtors. Some say…”It’s Hot”, some say “Fine”, some say “Dead” and some say “Steady.”  The reason you may get a different answer is because every segment of the housing market has it’s ups and downs.  Most Realtors focus on a couple of niches from Luxury Homes to Foreclosures.  For example, those who have focused on the “short sale” segment of the market may tell you things are really “slow.”  

So What is HOT HOT HOT In Urbandale? 

 

Let’s take a look at August of last year and this year in Urbandale.

In 2013, there were 217 residential homes for sale, 110 homes with pending sales and 56 home sold (transferred to new owners).  The average sale price was $305,256.  The average days on the market was 64.  That turned out to be a 2 month supply of residential homes.  Our Buyers really had to make up their minds quickly, because the well priced quality listings didn’t stay on the market long.  The Condo market was even tighter with a 1.9 month supply with an average sale price of $141,916.

At the close of last month there were 217 residential homes for sale (same as 2013), 93 homes with pending sales and 65 homes sold. The average sale price was $254,097.  The average days on market was 56 with a 2.3 month supply of homes for sale.  Again, Buyers really had to and continue to have a sense of urgency when shopping for homes in Urbandale.  The Condo market had a 1.4 month supply with an average sale price of $167,818.   The monthly average sale price can be affected by that 1 Million dollar home that might of sold on any given month, but we would say the $200,000 to $300,000 price range has been “Hot” for the past year in Urbandale.

   $210,000

  $254,900

  $289,900

                                                                                             

Do you live in a house in the $200,000 to $300,000-ish price range?  Are you thinking of moving up the housing “food chain”?  It might be a good time to investigate that option.  

 

Thank you for reading our Blog!  Feel free to contact us if you have any questions.

Wanda and Lynn

Posted by
 
  
515-402-9435      
wanda@realestateconcepts.net
 
Licensed to Sell Real Estate In The State Of Iowa
 
Oh, by the way.... we are never too busy for your referrals.  If you know of someone 
who is looking to buy or sell a home or needs help from a real estate expert, please let us know.  
We will treat them like gold!  - The Greif | Augspurger Real Estate Team    
 
RE/MAX Real Estate Concepts      8020 Douglas Ave. | Urbandale, IA  50322

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
Iowa Polk County Urbandale
Tags:
market
urbandale iowa

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,817,056
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Nice Market Report. Our Re/Max RELO message -  http://actvra.in/4jHG

Sep 12, 2014 10:18 AM #1
Rainer
28,924
Wanda Greif
Signature Real Estate - Urbandale, IA
Connecting Buyers and Sellers

Thank you!

Sep 12, 2014 02:13 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
28,924

Wanda Greif

Connecting Buyers and Sellers
Ask me a question
*
*
*
*
Spam prevention