About Buena Vista County, IA

2008

40 total properties with the above criteria sold in this period

Days on Market in this period - 27.5% marketed 0 to 30 days, 35% marketed 31-60 days, 2.5% marketed 61-90 days, 7.5% marketed 91-120 days, 27.5% marketed120+ days

Average Days on Market (DOM) was approximately 80

2009

36 total properties sold within the above criteria in this period

Days on Market in this period - 22.2% marketed 0 to 30 days, 33.3% marketed 31-60 days, 8.3% marketed 61-90 days, 13.9% marketed 91-120 days, 22.2% marketed 120+days

Average Days on Market was approximately 87

Summation:

The striking thing about this 3-month block of sales is what little difference there is from last year to this year. None of the numbers are greatly significant, it shows our local market (Storm Lake and Alta) are very stable and have not been negatively impacted by the national downturn. Real estate is a good investment in general, a number of people are purchasing, and selling, we (Realtors) have seen a good year to date. The Storm Lake and Alta housing market is gaining ground overall.

As of August 31, 2009 we had 2.59 months of housing supply for sale in the above markets, this is referred to as the Listing/Absorption rate. 2.59 months is an excellent inventory compared to many markets that have over 12 months housing supply for sale. The supply and demand scenario in our area is excellent at 2.59 months of inventory, this gives buyers a number of properties to choose from but there aren't so many available that it drives the prices down like it has in Minneapolis, Kansas City, Des Moines and most cities in Arizona in general. However, these markets also offer many opportunities, if you are an investor, looking for a second or retirement home or want to move up now is the time to do it in these markets.

6275 170th Avenue, Storm Lake, Iowa is a nice rural property with a 3 bedroom older home, lots of mature trees, fruit trees, perennial flowers, large outdoor entertaining space, a number of out buildings including a large barn with 3 separate areas (2 have concrete flooring and one has pea gravel). Check out the video of the home.
It is not too late to qualify for the first time home buyers tax credit, call me to take a look at this rural home.

This property is located in the Storm Lake Iowa area, just off Highway 7. Storm Lake Iowa is a great area that has a destination part, King's Pointe, a recreational lake, shopping, http://www.bvu.edu/, Buena Vista Regional Hospital, The Pilot Tribune newspaper and the Storm Lake Times Newspaper, a community calendar

This one is a looker! I received it today from the sheriffs office. The address is 116 West 6th Street, picture below, it is a split foyer and located very close to the old middle school. ted

Go to my website www.GeorgiaWeaver.comto print off a copy of the notice and the details. The judgement amount and noted fees on this one are less than its assessed value. Assessed values are not always fair market value (depends on the market) and it is very hard to tell what it looks like on the outside so be careful if you think you are interested. Do your due diligence both at the property and in the court house records. Remember foreclosures can have a lot of hidden problems that will cost a lot to remedy.

Quick note to all my readers and all the Storm Lake and Alta, Iowa locals. I have had a very busy week showing properties, attending a closing for a great couple from Colorado - Stacey and Alan Schlechten, negotiating a commercial building purchase, analyzing a couple of income properties for an investor and finished it up having great fun helping mud the drywall in the new basement of a wonderful couple of friends - Brad and Cindy Pedersen with a bunch of other friends - John Hase, Joyce Rydstrom, Matt Younie, Gary Launderville, Ronnie (you know my husband), sorry if I missed anyone.

Soon, many of you will receive my new real estate newsletter, "Your Home Newsletter", yeah I know not too original but it gets to the point, kind of like me.

One thing to keep in mind all you newly weds, college graduates, mid 20's, late 20's, you get the point, if you have been thinking about buying or selling a property now is the time. Interest rates are rock bottom, many below 5% and on top of that if you are a first time home buyer you may qualify for up to $8,000 in tax credit! Call me, let me help you get into that home you've been longing for - we have a lot of great new homes on the market and new coming on everyday. OK, I'm beat, it's snowing sideways and it's forecast to snow 6-10 inches and we have a real blizzard warning till 1 tomorrow afternoon, I'm packing it in for the night.

Quick note to all my readers and all the Storm Lake and Alta, Iowa locals. I have had a very busy week showing properties, attending a closing for a great couple from Colorado - Stacey and Alan Schlechten, negotiating a commercial building purchase, analyzing a couple of income properties for an investor and finished it up having great fun helping mud the drywall in the new basement of a wonderful couple of friends - Brad and Cindy Pedersen with a bunch of other friends - John Hase, Joyce Rydstrom, Matt Younie, Gary Launderville, Ronnie (you know my husband), sorry if I missed anyone.

Soon, many of you will receive my new real estate newsletter, "Your Home Newsletter", yeah I know not too original but it gets to the point, kind of like me.

One thing to keep in mind all you newly weds, college graduates, mid 20's, late 20's, you get the point, if you have been thinking about buying or selling a property now is the time. Interest rates are rock bottom, many below 5% and on top of that if you are a first time home buyer you may qualify for up to $8,000 in tax credit! Call me, let me help you get into that home you've been longing for - we have a lot of great new homes on the market and new coming on everyday. OK, I'm beat, it's snowing sideways and it's forecast to snow 6-10 inches and we have a real blizzard warning till 1 tomorrow afternoon, I'm packing it in for the night.