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7 homes sold in Coralville in January 2012 compared to 15 homes sold in January 2011. If that seems like a bit of a drastic drop, only 3 sold in January 2010, which kind of puts things more in perspective. In fact I went back a few years and the low single digits is more typical for the last few years, making 7 seem more "normal" for the time of year than the high 15 homes sold last year.
The absorption rate is at 7.2 months, that's an average of 217 days on market. (6 months absorption rate is a balanced market). Coralville is not doing as well as Iowa City where home sales are up for the 7th straight month and the absorption rate down to a low 4.8 months. If you check out the annual report for home sales in Coralville for 2011 you'll see that in general the trend is positive with a glitch every now and then. It's likely that this month is one of those glitches.
As we head towards spring and the peak buying time of the year, I wouldn't be surprised to see the numbers of homes sold in Coralville up again in the coming months. Especially when you consider Coralville benefits from its close proximity to Iowa City and is popular with buyers relocating to the Iowa City area for the UIOWA and UI Hospitals. With incoming Residents and Students thinking about accommodation for the Fall semester right around the corner, these are buyers that will have a big impact on home sales in Coralville in the coming months.

For information on the average and median price of homes in Coralville in January please visit the original post at Iowa City Homes For Sale
So what's the takeaway this month? Too few homes sold in January in Coralville to really make anything of the data. The single family homes that sold were lower priced homes, while the condos that sold were priced on the higher end. That right there is a strange phenomena for Coralville. We're just going to have to wait and see what the spring market brings.
One thing's for sure. If you've got a house to sell, now is the time to get it on the market. You want to have your house on the market at a time when there are the most buyers out there to see it. If not as many homes are selling in Coralville at the moment, you want to have the advantage of having yours on the market when there are the most eyes on it. And that just happens to be spring and early summer.
If you have a house to sell in Coralville I'd love the opportunity to talk with you and discuss your options. You can either call at 319-400-0268 or drop me an email with some basic information about your home and I'll provide you with a complimentary market analysis.
Home Sales in Coralville IA January - December 2011
Home Sales in Coralville by School District January - December 2011
Home Sales in Iowa City January - December 2011
Home Sales in Iowa City by School District January - December 2011
Data for the market report for January collected from the Iowa City MLS February 9, 2012
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Lately my market reports are full of positive news for housing trends in Iowa City. Home sales for January are no exception. Once again home sales are up in Iowa City. In fact home sales in Iowa City are up by a whopping 138% compared to January 2011. 31 homes sold in Iowa City January 2012 compared to 13 in 2011. And if that wasn't impressive enough. This is the highest number of homes sold in Iowa City in January of any year since 2007 when 35 homes sold!
The absorption rate has dropped to 4.8 months, that's an average of 148 days on market. (6 months absorption rate is a balanced market). 4.8 months absorption rate is technically a sellers market. Home prices don't totally reflect that yet. Since I'm on a roll with good news, there is positive data to share with you on that too. Although about half of the homes sold in Iowa City last month sold at less than 95% of list price, (indicating that buyers are still putting pressure on prices), a few homes sold in Iowa City ABOVE list price in January. That is definitely a good sign for sellers and gives us every reason to be optimistic about the spring market.

To view a table with information about the average price and median price of homes sold in Iowa City please visit the original post at Iowa City Homes For Sale
What's the takeaway this month? If you've got a house to sell, now would be a good time to talk to a Realtor. This market report is further indication that the housing market in Iowa City is definitely on the right track. What you need to know now is how that relates you and you're house. As you can tell from all the information in my market reports, one of my specialties is figuring out the market. I'd love the opportunity to talk with you and discuss your options. You can either call at 319-400-0268 or drop me an email with some basic information about your home and I'll provide you with a complimentary market analysis.
Home Sales in Iowa City January - December 2011
Home Sales in Iowa City by School District January - December 2011
Data for the market report for January collected from the Iowa City MLS February 6, 2012
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Good news from data just released from CoreLogic. Check out the decreases in foreclosure rates and delinquent mortgages for the Des Moines-West Des Moines area:
Foreclosure rate:Nov. 2011: 2.48%Nov. 2010: 2.69%
Mortgage delinquency (90+ days):Nov. 2011: 4.71%Nov. 2010: 4.81%
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Guns, Ammo and Dead Animal Heads. Storm Lake, IA has many homes with owners who hunt. Many deer, turkey, pheasant and other critters can be found on walls in this town. It can be problematic when listing a home that is owned by an avid hunter.
I don't show properties with guns out in the open, many Buyers have children with them, some guns are small enough to disappear. I am not comfortable showing a property that I know has guns and I know Buyers feel the same way. Dead animal heads are great if you hunt, but there are some people who are appalled at the sight of one and then there are others, like me, who it doesn't bother. Just as some cultures will not buy a home in which someone has died, some will not even go into a room with a hunting trophy.
How do you handle listings that have lots of trophys, guns in sight and ammunition laying around.
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