My report card!

Good Morning Friends!

I woke up this morning and decided I needed to give myself a review. Luckily, I just need to punch some numbers into my MLS and I instantly have a little report card. I have to be honest and tell you I didn't include one of listings in the mix. Our spec house on 5915 River Parkway NE ($344,900.00) has not sold yet. Needless to say the upper end market is very depressed. The good news is that properties under 200K (in good condition) are selling thanks to $8000.00 tax credit to first time home buyers.

So, what did the numbers say?

Year to date: My average marketing time to sale pending is 17 days!

My sellers received an average of 93% of their list price.

Career Average: My average marketing to sale pending is 59 days.

My sellers received an average of 97.75 of their list price.

Cedar Rapids Metro year to date average marketing time is 68 days for homes in and around the $150's. My listings this year list prices this year have ranged from 89K to 165K.

Again, the upper end house market is struggling in Cedar Rapids. You could be looking at over a year of marketing time, unless you are lucky. There are many beautiful homes out there and not many buyers. Many buyers in the higher end market (300K and up) are building.

I hope your basements stayed dry yesterday. My sump pump is running non stop!

Have a great day!

Wanda