Storm Lake Iowa Year To Date Market Report

12/7/09 Storm Lake and Alta Homes For Sale!

Market Snapshot - Year To Date
Single Family Residential in Storm Lake and Alta Iowa - 50588 and 51002

Total Available - 266

Sold - 159

Active - 107

Days on Market (DOM) - time from first listed until closed
and %L/SP (Percentage of Listing Price Received)

0 -31 days 31-60 days 61-90 days 91-120 days 120+ days
40 32 22 17 48
25.16% 20.13% 13.84% 10.69% 30.19%
96.63%LP 95.92%LP 96.29%LP 93.9%LP 94.42%LP

A big take away is that there are a number of properties available for sale, 107 today with Alta and Storm Lake addresses. Just over 25% sell within the first 31 days and at only 3.37% less than listed price. However if the property goes over 120 days (and over 30% stay on the market more than 4 months) it will bring nearly 6% less than listed price PLUS have an additional 3 months in mortgage payment, taxes, utilities and maintenance costs added to the cost.