North Liberty, IA Real Estate News

By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
January is almost done and I'm catching up with my market reports for December. (Yes, I've been that busy!) After the Iowa Association of Realtors released its Housing Trends Report for Iowa last week I caught up with market statistics for December 2010 in Iowa City and Coralville. Today it's North Liberty's turn. 29 homes sold in North Liberty in December 2010 compared to 18 in 2009. That's a 61% increase. Pretty impressive. On the whole North Liberty hadn't been doing as well in 2010 compared to 2009 as you can see from my year over year report. They sure made up for it in December!     Unsurprisingly there is downward pressure on home prices  in North Liberty comparing December 2010 to December 2009. We still have a lot of homes on the market and that means opportunities for buyers. ...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
After looking at Iowa City and Coralville it's time to look at home sales in North Liberty in 2010. With a whole year's worth of data to research I could spend all my time pulling data from the Iowa City MLS to compare! This post shows a year over year comparison of residential sales and average price of homes sold in North Liberty IA in 2010 compared to 2009. 471 homes sold in North Liberty IA from January to December 2010 compared to 545 homes sold in the same time frame in 2009. The North Liberty real estate market is looking good with both single family homes and zero lots showing a rise in home sales. The big exception of course is the major drop in condo sales. I'd say North Liberty is a great example of a market needing to balance out after the expiration of the homebuyer tax cre...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
North Liberty IA real estate market update December 13, 2010 - Number of homes sold, homes under contract and active listings.   192 Active Listings26 Homes Under Contract4 Homes Sold week ending December 11, 2010 High Price Homes Sold: $227,986Low Price Homes Sold: $155,000Average Price Homes Sold: $186,471 High number of days on market: 161 daysLow number of days on market: 19 days This is a snapshot of the North Liberty IA real estate market, December 13, 2010. 4 homes sold in North Liberty last week. 2 single family homes and 2 zero lots. The absorption rate for North Liberty is 5.0 months. That's the time it takes for the market to "absorb" homes. The first step in calculating the absorption rate is to find out how many homes sold in the past 12 months and how many are currently on...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
On Monday I looked at the number of homes sold in November in North Liberty. I collected data from the Iowa City MLS showing the number of homes sold in November from 2006 through 2010. Today I thought I'd follow up with the average price in the last five years. The number of homes sold in November in North Liberty was down, but on the up side the prices are up. The same goes for Coralville. Oddly enough, in Iowa City it's the other way round. North Liberty IA: Number of Homes Sold in November: 2006 - 2010Coralville IA: Average Price Homes Sold November: 2006 - 2010Coralville IA: Number of Homes Sold in November: 2006 - 2010Iowa City Average Price Homes Sold November: 2006 - 2010Iowa City: Number of Homes Sold in November: 2006 - 2010   Originally posted @ ichomesforsale.com
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
My monthly report for November is taking on a different format this month. Real estate sales are seasonal so comparing with the same month in a different year is usually the most logical way to compare the number of homes sold. This month however comparing November 2010 to November 2009 was definitely not comparing apples with apples. Last year the first time homebuyer credit was due to expire on November 30. That had a big impact on home sales in our area in general, not just North Liberty. Not wanting to give you totally skewed numbers I figured the best option was just to look at home sales over the last 5 years and see how we're doing that way.   As you can see, home sales for November are down quite significantly in North Liberty in November compared to previous years. North Liber...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
193 Active Listings24 Homes Under Contract0 Homes Sold week ending November 27, 2010This is a snapshot of the North Liberty IA real estate market, November 29, 2010. Thanksgiving week 3 homes sold in Iowa City and that was it. None sold in either Coralville or North Liberty.The absorption rate for North Liberty is 5.0 months. That's the time it takes for the market to "absorb" homes.The first step in calculating the absorption rate is to find out how many homes sold in the past 12 months and how many are currently on the market. 458 homes sold in the last 12 months in North Liberty IA and there are currently 193 showing as active listings. 458/193 = 2.4 - That means the inventory of homes in North Liberty turned 2.4 times in the last 12 months.Now we take the 12 months and divide it by...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
  190 Active Listings24 Homes Under Contract6 Homes Sold week ending November 20, 2010 Average Price Homes Sold w/e November 20 2010 $153,879 Highest Price Home Sold: $223,375 Lowest Price Home Sold: $ 80,000 Highest number of days on market: 162 daysLowest number of days on market: 22 days This is a snapshot of the North Liberty IA real estate market, November 22, 2010. 1 single family homes, 3 zero lots and 2 condos sold in North Liberty last week. The absorption rate for North Liberty is 5.0 months. That's the time it takes for the market to "absorb" homes. The first step in calculating the absorption rate is to find out how many homes sold in the past 12 months and how many are currently on the market. 469 homes sold in the last 12 months in North Liberty IA and there are currently...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
  186 Active Listings24 Homes Under Contract6 Homes Sold week ending November 15, 2010 Average Price Homes Sold w/e November 13 2010 $271,200 Highest Price Home Sold: $499,900 Lowest Price Home Sold: $154,900 Highest number of days on market: 216 daysLowest number of days on market: 26 days This is a snapshot of the North Liberty IA real estate market, November 15, 2010. 4 single family homes, 1 zero lot and 1 condo sold in North Liberty last week. The absorption rate for North Liberty is 5.0 months. That's the time it takes for the market to "absorb" homes. The first step in calculating the absorption rate is to find out how many homes sold in the past 12 months and how many are currently on the market. 442 homes sold in the last 12 months in North Liberty IA and there are currently 1...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
  189 Active Listings24 Homes Under Contract6 Homes Sold week ending November 6, 2010 Average Price Homes Sold w/e November 6 2010 $253,321 Highest Price Home Sold: $499,900 Lowest Price Home Sold: $ 86,500 Highest number of days on market: 263 daysLowest number of days on market: 53 days This is a snapshot of the North Liberty IA real estate market, November 8, 2010. 4 single family homes, 1 zero lot and 1 condo sold in North Liberty last week. The absorption rate for North Liberty is 4.8 months. That's the time it takes for the market to "absorb" homes. In case you're wondering how I come up with the 4.8 months here's the calculation: The first step in calculating the absorption rate is to find out how many homes sold in the past 12 months and how many are currently on the market. 48...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
North Liberty IA Real Estate: Market Statistics October 2010 Compared to October 2009 21 homes sold in North Liberty in October 2010 compared to 35 homes sold in October 2009. The expiration of the homebuyer tax credit has certainly had a negative impact on the North Liberty real estate market. Fortunately North Liberty has done very well in the last couple of years as one of the fastest growing towns in Iowa, so there's no reason to think it won't bounce back fairly quickly. Especially considering the low interest rates and "winter prices" on houses right now.   Average Price Homes Sold October 2010 $232,311 Highest Price Home Sold: $525,000 Lowest Price Home Sold: $  73,900 Highest number of days on market: 302 daysLowest number of days on market: 10 days Average Price Homes Sold Octo...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
North Liberty IA Homes: Weekly Real Estate Market Update November 1, 2010 - Homes Sold, Homes Under Contract & Active Listings   191 Active Listings23 Homes Under Contract2 Homes Sold October 25 - October 30, 2010327 Parkview Ct, North Liberty - Sold Price: $129,000 - 78 days on market248 Fox Run Dr, North Liberty - Sold Price: $248,000 - 81 days on market This is a snapshot of the North Liberty IA real estate market, November 1, 2010. 1 single family home and one zero lot sold in North Liberty last week. The absorption rate for North Liberty is 4.7 months. That's the time it takes for the market to "absorb" homes. In case you're wondering how I come up with the 4.7 months here's the calculation: The first step in calculating the absorption rate is to find out how many homes sold in the...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
  194 Active Listings25 Homes Under Contract4 Homes Sold October 18 - October 23, 2010 Average Price Homes Sold w/e October 23, 2010 $309,875 Highest Price Home Sold: $525,000 Lowest Price Home Sold: $189,500 Highest number of days on market: 209 daysLowest number of days on market: 80 daysThis is a snapshot of the North Liberty IA real estate market, October 25, 2010. 4 single family homes sold in North Liberty last week. The absorption rate for North Liberty is 4.7 months. That's the time it takes for the market to "absorb" homes. In case you're wondering how I come up with the 4.7 months here's the calculation: The first step in calculating the absorption rate is to find out how many homes sold in the past 12 months and how many are currently on the market. 491 homes sold in the las...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
North Liberty IA Homes: Weekly Market Update October 18, 2010 - Homes Sold, Homes Under Contract & Active Listings   201 Active Listings20 Homes Under Contract9 Homes Sold October 11 - October 16, 2010 Average Price Homes Sold w/e October 16, 2010 $204,565 Highest Price Home Sold: $294,457 Lowest Price Home Sold: $ 83,635 Highest number of days on market: 302 daysLowest number of days on market: 11 daysThis is a snapshot of the North Liberty IA real estate market, October 18, 2010. It's nice to see a big jump in the number of homes sold last week. Home sales were down in the 3rd quarter in North Liberty. Let's take  this as a sign that the 4th quarter is getting off on the right foot. One thing's for sure. We still have a great market for buyers. Interest rates are still hovering around...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
North Liberty IA Homes: Weekly market update October 11, 2010 - Homes sold, homes under contract & active listings   205 Active Listings23 Homes Under Contract1 Home Sold October 4 - October 9, 2010Condo on Elmridge Dr - Sold Price: $73,900 - 164 days on market As you can see, right in line with Coralville and Iowa City, it was a quiet week in North Liberty last week. The low interest rates haven't enticed buyers back into the marketplace just yet. Beats me why that is. 4.25% for a 30 year fixed rate loan - That is so much better than the free money handed out with the tax credit. It means you can save money month for month and in some cases even afford a bigger home.  Are you ready to buy a home in North Liberty IA? Do you have a real estate related question or a question about the are...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
North Liberty IA Real Estate Market Report July - September 2010 / 3rd Quarter Compared to July - September 2009 / 3rd Quarter 2009 104 homes sold in North Liberty in the 3rd Qtr 2010 compared to 211 homes sold in the 3rd Qtr 2009. You don't need a calculator to see that home sales are down by 50% over last year. When you consider that home sales were up by 35% in the 2nd quarter it's safe to say the expiration of the home buyer tax credit is having a big impact on the North Liberty market. Average Price Homes Sold 3rd Qtr 2010 $187,236 Highest Price Home Sold: $724,000 Lowest Price Home Sold: $ 68,500 Highest number of days on market: 429 daysLowest number of days on market: 1 day Average Price Homes Sold 3rd Qtr 2009 $157,018 Highest Price Home Sold: $413,771 Lowest Price Home Sold $ ...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
North Liberty IA Real Estate Market Report September 2010: Number of homes sold, average price and days on market 23 homes sold in North Liberty in September 2010 compared to 41 homes sold in September 2009. The North Liberty real estate market profited big time from the home buyer tax credit. It's not all that surprising that it would take a hit now that it's over. North Liberty has done very well in the last couple of years as one of the fastest growing cities in Iowa, so there's no reason to think it won't bounce back fairly quickly. Average Price Homes Sold September 2010 $180,094 Highest Price Home Sold: $277,640 Lowest Price Home Sold: $ 95,400 Highest number of days on market: 359 daysLowest number of days on market: 4 days Average Price Homes Sold September 2009 $149,746 Highest...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
  205 Active Listings 25 Homes Under Contract 2 Homes Sold September 13 - September 18, 2010 245 Sadler Ln - Condo - Sold Price: $125,000 - 203 days on market 230 Colton Rd - Single Family Home (new construction) - Sold Price: $219,900 - 137 days on market   If you need to sell your home and would like me to prepare a CMA (Current Market Analysis) please call me at 319-400-0268 or click here to send me your contact details. Are you ready to buy a home in North Liberty IA? Do you have a real estate related question or a question about the area for me? Just send me an email letting me know how I can help.     Last week's market update for North Liberty North Liberty IA real estate market report August 2010 North Liberty IA real estate market report July 2010 North Liberty IA real estate ...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Weekly snapshot of current market conditions - North Liberty IA September 6, 2010   201 Active Listings24 Homes Under Contract8 Homes Sold August 30 - September 6, 2010 Average Price Homes Sold w/e September 4, 2010 $204,640 Highest Price Home Sold: $345,181 Lowest Price Home Sold: $100,000 Highest number of days on market: 198 daysLowest number of days on market: 14 daysThe fact that we have a price driven market means that there are still great opportunities if you are buying a home in North Liberty. Couple that with the extremely low interest rates - 4.25% for a 30 year fixed rate loan - it's really hard to imagine a better combination of factors when it comes to buying a home in North Liberty. For sellers of course it's not quite as rosy. The price driven market means you probably w...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
North Liberty IA Real Estate Market Statistics August 2010 Compared to August 2009 27 homes sold in North Liberty in August 2010 compared to 40 homes sold in August 2009. Not great numbers. On the up side, it's an improvement on July when the number of homes sold in North Liberty took quite a dip. Average Price Homes Sold August 2010 $196,614 Highest Price Home Sold: $724,900 Lowest Price Home Sold: $ 76,500 Average Price Homes Sold August 2009 $155,445 Highest Price Home Sold: $370,000 Lowest Price Home Sold: $ 77,500 The source for the data used in all my market reports is from the Iowa City MLS. For the days on market/absorption rate I take numbers from the MLS and insert them into a simple Excel spread sheet to avoid manipulating the data. According to that calculation we have 4.8 m...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
  211 Active Listings23 Homes Under Contract9 Homes Sold August 16 - August 21, 2010 4 Single family homes sold Avg Price: $359,325 2 Condos sold Avg Price: $  91,700 3 Zeros lot sold Avg Price: $140,300 Highest number of days on market: 155 Lowest number of days on market: 28 The North Liberty real estate market remains stronger than Iowa City and Coralville. The absorption rate is at 4.8 months. (This is the time it takes for the market to "absorb" homes). That's an average or 144 days on market. The fact that we have a price driven market means that there are still great opportunities if you are buying a home in North Liberty. Couple that with the extremely low interest rates - 4.25% for a 30 year fixed rate loan - and you can see that it's really hard to imagine a better combinatio...
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