Coralville, IA Real Estate News

By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
14 homes sold in Coralville IA in January 2011 compared to 3 in January 2010. It won't surprise you to learn Coralville did better than Iowa City and North Liberty by a long way for home sales in January... 8 single family homes sold in January, 5 attached condos and 1 zero lot.  In both Coralville and Iowa City it seems condo sales are on the rise. That's good news as we head towards the strongest selling time of the year for condos. The average price for a single family home in January 2011 was $267,056. That's up from last year, but is misleading since only 2 single family homes sold last year. The average price for condos was $159,100 in January 2011.  6 of the homes sold in January sold at less than 90% of the list price. A strong indication that buyers are still putting a lot of p...
Comments 3
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
A couple of days have passed and things are sort of getting back to normal in Coralville after the worst storm in at least a decade blew through town. (Blew being the operative word with winds reaching 50 to 60 miles an hour). On Monday I posted a "before" photo taken in front of the Marriott Conference Center in Coralville. Today it's time for a couple of "after" shots. A much prettier day as you can see with beautifully blue skies and temps almost balmy at 23ºF/-3ºC. All I can say if you're thinking of relocating to Iowa is, expect the unexpected. There's never a dull moment when it comes to the weather in Iowa...    
Comments 1
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
The Calm Before The Storm. This is what Coralville looked like today. Looks like we're heading for what is expected to be the worst storm of the season with 8 to 12 inches of snow fall expected by Wednesday. Eternal optimist as I am I'm hoping they're wrong. It's not like it would be the the first time - That the weather service got it wrong that is... And they still get a pay check at the end of the month. Have you ever wondered about that? Who else do you know that gets paid for getting it wrong? Of course I've probably jinxed it now. 8 to 12 inches for us for sure now... Hope you got those groceries in today and stocked up on batteries in case the power goes out!  
Comments 8
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Today was a "balmy" 27°F in Coralville. Not a fan of winter I thought I would brave the not so cold temperatures and visit the Coralville WinterFest with my still pretty new Canon 2ti. It's been a while since I've taken any real photos of the outdoors. In the warmer months I'm out all the time. I love Iowa in the summer time. In the winter time you'll only see my outside by necessity, not choice. Recent photos have either been of my cat or views from my front door step! Today I thought it was warm enough to take photos without my fingers freezing off. I got that wrong. 27°F is not that warm after all! (-2°C in case you're wondering. 10 years here and I still don't have that one down). Photos were a challenge with gloves on. Took a ride on the horse drawn trolley with Romeo and Juliet. (...
Comments 1
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Looking for some family fun this weekend? I've got just the event for you! On Sunday January 30, Coralville is celebrating its 4th annual WinterFest. There will be demonstrations, indoor and outdoor activities, entertainment and of course food! Indoor activities will take place at the Marriott Exhibition Hall and the Johnson County Historical Society/Antique Car Museum of Iowa. Outdoor activities will take place on the Iowa River Landing. Here's link to a printable map with the full schedule of events from the City of Coralville website.  There's Free Parking at the south surface lot off Quarry Rd. A time saving way to get to that is via 7th St rather than 9th St.   Schedule for Coralville WinterFest 2011: Sunday January 30, 2011 - 1.00pm - 4.00pm   Outdoor Activities - Iowa River Landi...
Comments 5
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
The Iowa Association of Realtors released its Housing Trends Report for Iowa last week and home sales are up in Iowa for December. Curious soul as I am I needed to know how we're doing in the Iowa City area. At the beginning of the month I did a year over year report of homes sold in the area. Yesterday I looked at the December numbers for Iowa City. Today it's Coralville's turn. 11 homes sold in Coralville in December 2010 compared to 13 in 2009. Interestingly, just like Iowa City, more condos sold than single family homes. That surprises me and I for one will be watching closely in the coming months to see how that trend continues. What's also surprising is that prices are up in Coralville comparing December 2010 to December 2009. I think that probably had something to do with first t...
Comments 1
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Yesterday I looked at residential sales and the average price of homes sold in Iowa City in 2010 compared to 2009.  Today I'm looking at Coralville. Fascinating stuff. With an entire year's data to research I could spend all day every day pulling data from the Iowa City MLS to compare. Lucky I like doing this, although I have to admit with things picking up now in the New Year I'm a bit challenged to find the time to put together as many reports as I would like. I'll catch up though, so if you haven't already, then bookmark my blog or sign up for email updates. There's more to come! 295 homes sold in Coralville IA from January to December 2010 compared to 303 homes sold in the same time frame in 2009. In Iowa City it was single family homes that took a hit. In Coralville it's Zero Lots....
Comments 0
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Weekly real estate market update Coralville IA December 13, 2010 - Number of homes sold, homes under contract and active listings.     188 Active Listings11 Homes Under Contract1 Home Sold week ending December 11, 2010 This is a snapshot of the Coralville IA real estate market December 13, 2010 ~ 1 Condo sold last week - 2325 Mulberry St - Sold Price: $165,000 - 133 days on market. The absorption rate for Coralville is 7.5 months - That's the time it takes for the market to "absorb" homes. The first step in calculating the absorption rate is to find out how many homes sold in the past 12 months and how many are currently on the market. 301 homes sold in the last 12 months in Coralville and there are currently 188 showing as active listings. 301/188 = 1.6 - That means the inventory of ho...
Comments 0
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
      On Monday I looked at the number of homes sold in November in Coralville. I collected data from the Iowa City MLS showing the number of homes sold in November from 2006 through 2010. Today I thought I'd follow up with the average price in the last five years. The number of homes sold in November in Coralville was down, but on the up side the prices are up. The same goes for North Liberty. Oddly enough, in Iowa City it's the other way round.Coralville IA: Number of  Homes Sold in November: 2006 - 2010Iowa City Average Price Homes Sold November: 2006 - 2010Iowa City: Number of Homes Sold in November: 2006 - 2010North Liberty IA: Average Price Homes Sold November: 2006 - 2010North Liberty IA: Number of  Homes Sold in November: 2006 - 2010   Originally posted @ ichomesforsale.com  
Comments 0
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
I was forced to deviate from my normal format this month when it came time to compile my market report for home sales in November. Real estate sales are seasonal so comparing with the same month in a different year is usually the most logical way to compare the number of homes sold. This month however comparing November 2010 to November 2009 was definitely not comparing apples with apples! Last year the first time homebuyer credit was due to expire on November 30. That had a big impact on home sales everywhere, not just Coralville. Not wanting to give you totally skewed numbers I figured the best option was just to look at home sales over the last 5 years and see how we're doing that way. As you can see, home sales for November are down a bit in November compared to previous years. I'm...
Comments 2
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
199 Active Listings8 Homes Under Contract0 Homes Sold week ending November 27, 2010 This is a snapshot of the Coralville IA real estate market November 29, 2010. Thanksgiving week 3 homes sold in Iowa City and that was it, none sold in either Coralville or North Liberty. The absorption rate for Coralville is 8.0 months - That's the time it takes for the market to "absorb" homes. The first step in calculating the absorption rate is to find out how many homes sold in the past 12 months and how many are currently on the market. 300 homes sold in the last 12 months in Coralville and there are currently 199 showing as active listings. 300/199 = 1.5 - That means the inventory of homes in Coralville turned 1.5 times in the last 12 months. Now we take the 12 months and divide it by 1.5 to come...
Comments 0
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
  202 Active Listings6 Homes Under Contract1 Home Sold week ending November 20, 2010 ~ Home Sold - 1513 Oak Lake Park Rd - List Price $264,900 - Sold Price $250,000 - 189 days on market ~This is a snapshot of the Coralville IA real estate market November 22, 2010. 1 single family home sold last week in Coralville. The absorption rate for Coralville is 8.0 months - That's the time it takes for the market to "absorb" homes.The first step in calculating the absorption rate is to find out how many homes sold in the past 12 months and how many are currently on the market. 303 homes sold in the last 12 months in Coralville and there are currently 202 showing as active listings. 303/202 = 1.5 - That means the inventory of homes in Coralville turned 1.5 times in the last 12 months.Now we take ...
Comments 0
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
  202 Active Listings7 Homes Under Contract1 Home Sold week ending November 13, 2010  ~1785 Brown Deer Ridge - List Price $429,000 - Sold Price $400,000 - 104 days on market ~This is a snapshot of the Coralville IA real estate market November 15, 2010. 1 single family home sold last week in Coralville. The absorption rate for Coralville is 8.0 months - That's the time it takes for the market to "absorb" homes.The first step in calculating the absorption rate is to find out how many homes sold in the past 12 months and how many are currently on the market. 308 homes sold in the last 12 months in Coralville and there are currently 205 showing as active listings. 308/202 = 1.5 - That means the inventory of homes in Coralville turned 1.5 times in the last 12 months.Now we take the 12 month...
Comments 0
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
The 2012 Arts & Crafts Show at the Coralville Marriott will be a 2 day event this year - Visit the original post @ denisehamlin.com for more details There's quite an event at the Marriott Conference Center this weekend. Arts and Crafts Shows fans will love it and it will definitely be of interest to you too if Holiday Shopping is top of your mind right now. It's the 17th Annual Fall Arts & Crafts Show. And it's taking place here in Coralville on Sunday, November 14. Insiders will know that the Marriott in Coralville is new. They haven't been around long enough to have hosted 16 craft shows. Originally this event was held at the Carver-Hawkeye Arena in Iowa City. They've just moved it a couple of miles down the road to us in Coralville. It's big. More than 150 exhibitors will present and...
Comments 2
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
  205 Active Listings10 Homes Under Contract3 Homes Sold week ending November 6, 2010 2325 12th St, Coralville - List price $139,900 - Sold Price $137,000 - 13 days on market 1505 10th St, Coralville - List price $149,900 - Sold Price $146,900 - 94 days on market 2488 Belmont Dr, Coralville - List price $319,900 - Sold Price $310,000 - 145 days on market This is a snapshot of the Coralville IA real estate market November 8, 2010. 1 zero lot and 2 single family homes sold last week in Coralville. The absorption rate for Coralville is 8.0 months. That's the time it takes for the market to "absorb" homes. In case you're wondering how I came up with the 8.0 months, here's the calculation: The first step in calculating the absorption rate is to find out how many homes sold in the past 12 mo...
Comments 0
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Coralville IA Real Estate: Market Statistics October 2010 Compared to October 2009 13 homes sold in Coralville in October 2010 compared to 18 homes sold in October 2009. Not very encouraging numbers considering home sales in Coralville were up last month. We have a very choppy market at the moment, making it difficult to analyze short term data. One thing remains constant though - It continues to be a great market for buyers! Average Price Homes Sold October 2010 $254,257 Highest Price Home Sold: $576,350 Lowest Price Home Sold: $ 81,000 Highest number of days on market: 250 daysLowest number of days on market: 56 days Average Price Homes Sold October 2010 $240,622 Highest Price Home Sold: $580,000 Lowest Price Home Sold: $ 59,000 Highest number of days on market: 205 daysLowest number ...
Comments 0
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Coralville IA Homes: Weekly Real Estate Market Update November 1, 2010 - Homes Sold, Homes Under Contract & Active Listings     205 Active Listings14 Homes Under Contract4 Homes Sold week ending October 30, 2010 Average Price Homes Sold w/e October 30, 2010 $216,450 Highest Price Home Sold: $465,000 Lowest Price Home Sold: $ 81,000 Highest number of days on market: 250 daysLowest number of days on market: 88 days This is a snapshot of the Coralville IA real estate market November 1, 2010. 2 single family homes and 2 apartment style condos sold last week. The absorption rate for Coralville is 7.9 months. That's the time it takes for the market to "absorb" homes. In case you're wondering how I came up with the 7.9 months, here's the calculation: The first step in calculating the absorptio...
Comments 0
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
The Coralville Library has a full program every month. It caters to the entire family. The very young with the wee read, activities for teens, family reading programs and drama discussions for adult members of the community - And that's just mentioning a few of their programs. There's something for everyone. So why is my post titled Reading to Therapy Dogs you may ask? Well, that's because that's my favorite activity for the month of November. I can't imagine anything more inspirational for a child than to read to a dog. Children and animals are such a perfect match. I think you'll agree, whoever came up with the idea is a total genius! If you have a child you think might benefit from this wonderful program, mark your calendar. Sunday, November 21, 2010 - 1.00pm - 3.00pm. Show up early,...
Comments 3
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
  209 Active Listings17 Homes Under Contract2 Homes Sold week ending October 23, 2010 225E Dovetail Dr, Coralville - List price $334,200 - Sold price - $315,000 - 142 days on market3241 Kelsey Ln, Coralville - List price $285,900 - Sold price - $283,000 - 141 days on marketThis is a snapshot of the Coralville IA real estate market October 25, 2010. 2 single family homes sold last week, both in in the +$250,000 range. The absorption rate for Coralville is 8.1 months. That's the time it takes for the market to "absorb" homes. In case you're wondering how I came up with the 8.1 months, here's the calculation: The first step in calculating the absorption rate is to find out how many homes sold in the past 12 months and how many are currently on the market. 311 homes sold in the last 12 mon...
Comments 0
By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Coralville IA Homes: Weekly Market Update October 18, 2010 - Homes Sold, Homes Under Contract & Active Listings     211 Active Listings12 Homes Under Contract3 Home Sold week ending October 16, 2010 Average Price Homes Sold w/e October 16, 2010 $273,116 Highest Price Home Sold: $576,350 Lowest Price Home Sold: $117,500 Highest number of days on market: 144 daysLowest number of days on market: 59 daysThis is a snapshot of what's going on in the Coralville IA real estate market at the moment. There continues to be big opportunities for buyers. Interest rates are still incredibly low at 4.125% - 4.25% for a 30 year fixed rate loan. (The link is to Hills Bank, where they publish their rates online). I think, as I mentioned in a recent post, the low interest rate is as much as if not a bigge...
Comments 0
Coralville, IA Real Estate Professionals