Coralville IA Real Estate: Market Snapshot April 23, 2012

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

The real estate market in Iowa City is heating up for spring, you know that already, I wrote about that last week. How about Coralville? If you follow my market reports you'll know that they don't move in tandem. Coralville is very different to Iowa City and had a harder time during the downturn. Fortunately Coralville also has a lot going for it, not only is it a real easy commute to Iowa City, there's also easy access to the Interstate. And yes, before you start wondering where I'm going with this, home sales are up in Coralville in April too22 homes sold in Coralville in April so far. That's already up by 69% compared to April 2011 and the month is not over yet! Double digits home sales this early in the year in Coralville is really a great sign that buyers are on the move in a serious way.

85 homes in Coralville are marked on the MLS as pending or contingent. That's a pretty impressive number too. The number of active listings is on the decline too, with 186 listings showing as active on the Iowa City MLS.

Until those homes with accepted offers start closing of course we won't see any major changes in the absorption rate.  The Absorption Rate is at 7.7 months. That's an average of 233 days on market.  Check back for updates. Just like me I'm sure you want to know if this positive trend in the housing market in Coralville and Iowa City continues through the summer months. I'll be staying on top of it so you will find that info here...

Market update Coralville IA April 23, 2012


186 Active Listings
85 Homes Pending or Contingent
22 homes sold in Coralville in April to date -  10 Single Family Homes, 8 Condos, 4 Zero lots

Whether you're buying or selling a home in Coralville I'd love to hear from you...  When you're ready to make your move give me a call at 319-400-0268. 

 

Data for this market update pulled from the Iowa City MLS April 23, 2012

 

Originally posted at Iowa City Homes for Sale

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Topic:
Real Estate Market Trends
Location:
Iowa Johnson County Coralville
Tags:
housing trends coralville ia
coralville ia real estate market

Comments 3 New Comment

Ambassador
1,305,385
Jon Zolsky
Selling Daytona paradise for heavenly good prices
Daytona Condo Realty, 386-405-4408

Denise - I like your market snapshot. Thsi is the format, that makes it wasy for me to follow. It is like you are talking tome.

Also liked that you used the photo as a background for the graph. Don't know how you did it, but it looks good.

April 23, 2012 07:58 PM
Rainmaker
397,897
Denise Hamlin
Real Estate & Relocation Services 319-400-0268
Cardinal Realty - Locally Owned Real Estate Company

Thanks Jon, I really appreciate the feedback. I'm glad it's easy to follow. That's exactly what I'm shooting for. I know how dry market data is and I want readers to actually get something out of it and not for them to go glassy eyed with boredom!

Thanks for the compliment about the photo too. There was a bit of a learning curve with Excel, but I've got it down now.

April 23, 2012 08:11 PM
Rainmaker
238,428
Matt Grohe
RE/MAX Des Moines
RE/MAX Real Estate Concepts

Hi Denise! Hope all is well. Was in IC about a week or so ago, wanted to ring you up but ran out of time. Ended up leaving at 10:15pm. Have an old friend there, a writer who has been having some trouble, has been living under the Benton street bridge by McDonalds. Trying to get him some help but he's pretty efficient at self sabotage...oh boy. Should be going up again. Would be great to meet up for lunch or coffee. Cheers!

April 24, 2012 09:42 PM
Rainmaker
397,897

Denise Hamlin

Real Estate & Relocation Services 319-400-0268
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