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.
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