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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
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U.S. News & World Report recently released a list of the top cities to grow up in and my hometown showed up at #8! That’s right, Cedar Rapids, Iowa is considered one of the best places to enjoy a happy childhood based on safe neighborhoods, schools and fun activities. Having being happily born and raised in Cedar Rapids, I can completely agree with the top ten ranking.
Here is the complete top ten:
Source: U.S. News & World Report (08/19/2009)
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Andy Zeal is a Realtor© at Coldwell Banker Residential Brokerage in Scottsdale, Arizona and author of the real estate blog AZintheValley.
For more information about buying or selling property call 480-540-2291 or visit www.AndyZeal.com
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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