Moline, IL

Moline, Illinois Final 2007 Real Estate Market Report: REALTOR-Assisted Home Sales Down 14.5%. But, Average Home Sales Price Up 6.4% from 2006!

01-06-08

Paul David Hiebing, REALTOR @ Grampp Realty/GMAC Real Estate: Quad-Cities

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Office: (563) 359-4401 x264

Mobile: (563) 508-1649

Moline, Illinois 2007 Real Estate Market Report: 2007 REALTOR-Assisted Home Sales Down 14.5%. But, Average Home Sales Price Up 6.4% from 2006!

Moline, Illinois 2007 REALTOR-Assisted Home Sales Down 14.5%. But, Average Home Sales Price Up 6.4% from 2006!

REALTOR-assisted "Closed" sales transactions of existing single-family homes in the city of Moline, Illinois declined by 14.5% in the the year 2007, down from 2006.

With 420 closed sales transactions of existing homes from January 1 to December 31, 2007, the Moline market showed a decrease of 61 units (14.5%) from the 2006 total of 481 closed sales transactions.

On a slightly happier note for home sellers, the average sales price of home sales that closed during the same period showed a significant increase of 6.4%: up from $102,580 in 2006, to $109,141 in 2007.

The average number of days on the market (from home listing date to sale pending date) decreased slightly as well, from 55 Days in 2006, to 51 Days in 2007, an deccrease of 7.8%.

The list price to sales price ratio, (reflecting the percentage of the last recorded listing price of a property versus what the property eventually sold for) increased slightly, as well, up from 95.62% in 2006 to 96.37% in 2007.

The Quad-City Area market is made up of the cities of Davenport, Bettendorf, LeClaire, Eldridge and Blue Grass, in Iowa. And Moline, Rock Island, East Moline, Silvis, and Milan, in Illinois.

Please feel free to give me a call @ (563) 508-1649 for answers to any/all of your Real Estate questions!!

Paul David Hiebing, REALTOR

"The Quad-Cities Premier First-Time Homebuyer's Specialist"

Licensed in the State of Iowa Since 2000. Licensed in the State of Illinois Since 2001.

Grampp Realty/GMAC Real Estate
2500 18th Street
Bettendorf, Iowa 52722
Website: http://www.gmacrealestate.com/paulhiebing/
Office Phone:(563) 359-4401 Ext # 264
Cell Phone: (563) 508-1649
Office Fax: (563) 359-4405

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Moline, Illinois Market Report for 2007

01-01-08

Lucky Lang, SRES®, Davenport, Iowa Real Estate

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Office: (800) 791-8132 x2213

Mobile: (563) 676-9031
Secondary: (563) 823-2213

Market Statistics for Moline, Illinois Real Estate Sales in the entire MLS

Statistics for: Class=RE,CO,RI,CM,LA AND Date Range=1/2007-12/2007 AND Area=43; As Of: 1/1/2008

Class	Bedrooms	Current Active	Avg List Price	Avg DOM
All	All	224	$153,492	96
RE	All	149	$131,497	76
RE	0-2	48	$79,875	75
RE	3-4	95	$131,475	75
RE	5+	6	$544,816	108
CO	All	40	$207,455	152
CO	0-2	24	$167,391	89
CO	3-4	16	$267,550	245
CO	5+	0	$0	0
RI	All	12	$150,308	55
CM	All	9	$249,866	150
LA	All	14	$174,178	156

Class	Bedrooms	Total Listed	Num Sold	Pct Sold	Avg List Price Sold	Avg Sale Price Sold	Sale Price/List Price Ratio	Avg DOM Sold	Avg List Price Unsold	Pct Expired
All	All	956	483	50.52%	$118,683	$114,057	96.10%	60	$150,872	38.49%
RE	All	731	415	56.77%	$113,971	$109,775	96.32%	52	$136,021	31.60%
RE	0-2	223	135	60.54%	$80,958	$77,635	95.90%	51	$77,789	24.66%
RE	3-4	482	266	55.19%	$126,953	$122,517	96.51%	52	$143,756	34.44%
RE	5+	26	14	53.85%	$185,650	$177,582	95.65%	58	$396,000	38.46%
CO	All	107	42	39.25%	$171,002	$164,506	96.20%	130	$207,713	34.58%
CO	0-2	72	28	38.89%	$142,364	$138,998	97.64%	128	$169,010	34.72%
CO	3-4	35	14	40.00%	$228,278	$215,521	94.41%	134	$307,235	34.29%
CO	5+	0	0	0.00%	$0	$0	0.00%	0	$0	0.00%
RI	All	61	18	29.51%	$130,627	$120,345	92.13%	39	$118,163	67.21%
CM	All	29	3	10.34%	$114,966	$109,333	95.10%	84	$321,120	106.90%
LA	All	28	5	17.86%	$29,540	$25,900	87.68%	226	$80,510	100.00%