My Local Market...Just the FACTS

By
Real Estate Agent with REMAX River Cities

Here are some facts about Moline Illinois and the surrounding area.  Sorry to all the media outlets who want to spread the doom and gloom.  Here in the Quad City area we are holding out own.  Yes we are down a little but I think the statistics ( and we all know about statistics) show that our LOCAL market is strong.  All real estate is local!

 

# -- Sales

% Increase

Ave. Price

% Increase

Ranking

DOM

Volume

2008 Total

4133

-10.54%

 $139,113.00

-1.83%

2nd

67

 $574,954,029.00

2007 Total

4620

-4.92%

 $141,705.00

3.00%

1st

63

 $654,677,100.00

2006 Total

4859

-2.15%

 $137,580.00

-0.83%

4th

63

 $668,501,220.00

2005 Total

4966

-0.48%

 $138,736.00

11.84%

3rd

59

 $688,962,976.00

2004 Total

4990

2.95%

 $124,051.00

2.78%

5th

61

 $619,014,490.00

2003 Total

4847

3.37%

 $120,697.00

3.28%

6th

64

 $585,018,359.00

2002 Total

4689

0.71%

 $116,868.00

3.05%

7th

67

 $547,994,052.00

2001 Total

4656

-3.88%

 $113,410.00

4.36%

8th

62

 $528,036,960.00

2000 Total

4844

N/A

 $108,672.00

N/A

9th

56

 $526,407,168.00

 

o  Current Listings 2/4/09      =  1913

o  Current Listings 12/31/08  =  1948

o  Current Listings 12/31/07  =  2123

o  New Construction 2/4/09   =    238 (An eight month inventory)

 

2007

# Listed

# Sold

% Sold

 

2008

# Listed

# Sold

% Sold

Jan.

752

268

35.64%

 

Jan.

636

193

30.35%

Feb.

524

313

59.73%

 

Feb.

527

312

59.20%

Mar.

775

355

45.81%

 

Mar.

705

324

45.96%

Apr.

765

402

52.55%

 

Apr.

785

365

46.50%

May

837

470

56.15%

 

May

780

466

59.74%

Jun.

835

520

62.28%

 

Jun.

760

400

52.63%

Jul.

810

471

58.15%

 

Jul.

678

447

65.93%

Aug.

783

469

59.90%

 

Aug.

674

400

59.35%

Sep.

659

372

56.45%

 

Sep.

623

358

57.46%

Oct.

739

399

53.99%

 

Oct.

613

361

58.89%

Nov.

581

307

52.84%

 

Nov.

434

248

57.14%

Dec.

382

274

71.73%

 

Dec.

398

262

65.83%

Total

8442

4620

54.73%

 

Total

7613

4136

54.33%

close

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Topic:
Real Estate Market Trends
Location:
Illinois Rock Island County Moline
Tags:
market
sales
value
moline

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Chuck Capan

REALTOR Licensed In IL. - Moline Homes Quad Citie
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