Davenport Iowa Real Estate

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Eastern Iowa Market is Changing!

Here Are The Facts For This Year Through May

Market Statistics All MLS

Statistics for: Class=RE AND Type=RES AND Date Range=1/2007-5/2007 AND Area=51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65; As Of: 5/3/2007
 
ClassBedroomsCurrent ActiveAvg List PriceAvg DOM
AllAll961$213,84280
REAll961$213,84280
RE0-2130$99,95667
RE3-4779$216,31082
RE5+52$461,58695
ClassBedroomsTotal ListedNum SoldPct SoldAvg List Price SoldAvg Sale Price SoldSale Price/List Price RatioAvg DOM SoldAvg List Price UnsoldPct Expired
AllAll1,42460042.13%$161,033$156,92797.45%65$190,62034.27%
REAll1,42460042.13%$161,033$156,92797.45%65$190,62034.27%
RE0-221811854.13%$85,667$84,88999.09%51$97,71028.44%
RE3-41,13045540.27%$173,241$168,96897.53%68$193,43733.81%
RE5+762735.53%$284,688$268,84094.43%75$326,45757.89%

 

                                                                                Here Are The Facts For Last Year Through May

Market Statistics All MLS
Statistics for: Class=RE AND Type=RES AND Date Range=1/2006-5/2006 AND Area=51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65; As Of: 5/3/2007
 
ClassBedroomsCurrent ActiveAvg List PriceAvg DOM
AllAll961$213,84280
REAll961$213,84280
RE0-2130$99,95667
RE3-4779$216,31082
RE5+52$461,58695
ClassBedroomsTotal ListedNum SoldPct SoldAvg List Price SoldAvg Sale Price SoldSale Price/List Price RatioAvg DOM SoldAvg List Price UnsoldPct Expired
AllAll1,69892154.24%$155,026$150,79497.27%63$199,80522.79%
REAll1,69892154.24%$155,026$150,79497.27%63$199,80522.79%
RE0-228416959.51%$80,172$77,69896.91%45$90,87518.31%
RE3-41,33772954.53%$167,572$163,27497.44%66$204,58923.78%
RE5+772329.87%$307,377$292,35495.11%122$442,78522.08%

Number of sales went from 921 down to 600.  That's a 35% decrease in activity.

Average list went up from $155,026 to $161,033.  That's a 4% increase.

Average sold price went up from $150,794 to $156,927.  That's a 4% increase as well.

The average list to sale percentage barely changed from 97.27% to 97.45%.

The average days on market barely changed from 63 days to 65 days.

What does this all this information really telling us about the current market?  It does not mean that your property has gone up in value.  The average price of the homes that people have bought has gone up.  It does tell us that the people selling their homes that were the most realistic about the value, and listed it accordingly, are the ones that were rewarded with a sale.  With 35% fewer buyers out there this year and almost 1,000 residential listings in Eastern Iowa, it is imperative that the proper listing price is established. 

If you are serious about selling your home, or are looking to invest in our market, call the professional with over 30 years experience in real estate sales and investing. 

I currently have 4 listings under contract that went pending after an average of only 36 Days!

My proven marketing system can work for you as well.

FOR MORE INFORMATION CONTACT LUCKY LANG, QUAD-CITIES FAVORITE REALTOR®, AT:

                                    Lucky Lang, Realtor ®             Licensed in Iowa & Illinois

                    Mel Foster Co., Inc., 3211 E. 35th Street Ct., Davenport, IA  52807-2585

Cell: 563-676-9031      Office: 563-359-4663 Ext. 325  Fax: 563-459-6720 Toll Free: 800-791-8132 Ext. 325

                                                      Website:  http://www.qcfsbr.com/

For info about Real Estate Anywhere in the World, please call:

LUCKY LANG, VOTED FAVORITE REALTOR®

Lucky Lang Davenport Iowa Real Estate for Sale

Lucky Lang, SRES®, RFC, M.I.S.

Licensed in Florida & Iowa

Premiere Plus Realty, 886 Park Ave. #103, Marco Island, FL 34145

Cell: (563) 676-9031

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Don't let this great Real Estate buying opportunity pass you by!!!

Comment balloon 0 commentsLucky Lang • May 05 2007 06:00AM
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