North Liberty IA Real Estate Market Report 3rd Quarter 2010 - Homes Sold, Average Price & Days on Market

By
Real Estate Agent with Cardinal Realty - Locally Owned Real Estate Company

North Liberty IA Real Estate Market Report July - September 2010 / 3rd Quarter Compared to July - September 2009 / 3rd Quarter 2009

north liberty ia market statistics 3rd quarter 2010

104 homes sold in North Liberty in the 3rd Qtr 2010 compared to 211 homes sold in the 3rd Qtr 2009. You don't need a calculator to see that home sales are down by 50% over last year.
When you consider that home sales were up by 35% in the 2nd quarter it's safe to say the expiration of the home buyer tax credit is having a big impact on the North Liberty market.


Average Price Homes Sold 3rd Qtr 2010 $187,236
Highest Price Home Sold: $724,000
Lowest Price Home Sold: $ 68,500


Highest number of days on market: 429 days
Lowest number of days on market: 1 day



Average Price Homes Sold 3rd Qtr 2009 $157,018
Highest Price Home Sold: $413,771
Lowest Price Home Sold
$ 68,000


Highest number of days on market: 452 days
Lowest number of days on market: 1 day


The source for the data used in all my market reports is from the Iowa City MLS. For the days on market/absorption rate I take numbers from the MLS and insert them into a simple Excel spread sheet to avoid manipulating the data. According to that calculation we have 4.8 months of inventory on the market, that's 145 days on market. (The same as last month). 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 and would like me to prepare a CMA (Current Market Analysis) with information of homes sold in your neighborhood
please call me anytime at 319-400-0268 or click here to send me your contact details.


Are you ready to buy a home in North Liberty? Do you have a real estate related question or a question about the area for me?  Just send me an email letting me know how I can help.



North Liberty IA real estate market report September 2010


North Liberty IA real estate market report August 2010


North Liberty IA real estate market report July 2010

North Liberty IA Real Estate Market Report 2nd Qtr 2010

 

Source for data verified on the Iowa City area MLS October 7, 2010

Originally posted @ ichomesforsale.com

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Topic:
Real Estate Market Trends
Location:
Iowa Johnson County North Liberty
Tags:
north liberty ia real estate
north liberty ia market reports
north liberty ia market statistics
homes sold north liberty ia

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Rainmaker
407,969

Denise Hamlin

Real Estate & Relocation Services 319-400-0268
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