North Liberty Real Estate Market Report June 2010 Compared to June 2009
109 homes sold in North Liberty in June 2010 compared to 80 homes sold in June 2009. That's an increase of 36% and not surprisingly the best in the area. What jumps out in the graph above is that condo sales have increased by almost 47% compared to last year! If you look at the numbers for Iowa City and Coralville you will see that condo sales are on the rise there too. We have a market saturated with condos so this is great to see.
|Average Price Homes Sold June 2010||$166,248|
|Highest Price Home Sold:||$535,000|
|Lowest Price Home Sold:||$69,000|
|Average Price Homes Sold June 2010||$177,087|
|Highest Price Home Sold:||$530,000|
|Lowest Price Home Sold:||$90,000|
I don't use the days on market calculated by the MLS. I use a simple method to calculate the absorption rate/days on market that doesn't manipulate the data. According to that calculation we have 4.3 months of inventory on the market, that's 130 days on market. Much better than Iowa City and Coralville, although I would still hesitate to call it a sellers market, even though technically based on the absorption rate it is. The fact is that we have a price driven market. You probably have the opportunity to sell your home quicker in North Liberty, but only if you price it right. Market conditions in the last few years have lead to us seeing a rise in "value shoppers" and they're not going away any time soon.
If you need to sell your home in North Liberty and would like some advice on how to sell it for the best price in the shortest time please call me anytime at 319-400-0268 or click here to send me your contact details.
For a complete list of homes for sale in North Liberty just send me an email letting me know what you're looking for and I'll send you a list of homes fitting your criteria.
Iowa City Real Estate Market Report June 2010
Iowa City Real Estate Market Report 2nd Qtr 2010
Coralville Real Estate Market Report June 2010
Coralville Real Estate Market Report 2nd Qtr 2010
Originally posted @ ichomesforsale.com