Coralville, IA Real Estate News

By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
  There were 34 homes sold in Coralville in April 2010 compared to 17 homes sold in April 2009. That's a 100% increase and best in the area. Quite something considering the Coralville real estate market has been kind of flat, as you can see from my quarterly report.   Average Price Homes Sold April 2010 $220,800 Highest Price Home Sold: $740,000 Lowest Price Home Sold: $81,000   Average Price Homes Sold April 2009 $257,734 Highest Price Home Sold: $757,083 Lowest Price Home Sold: $83,000   According to our MLS homes spent an average of 91 days on market in April 2010. This number is skewed as it doesn't take into account the fact that some of the homes were re-listed and not new listings along with other variables. In my weekly reports I use a simple method to calculate the absorption ...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
    283 Active Listings86 Homes Under Contract9 Homes Sold May 10 - May 1510.7 Months Absorption Rate (Number of months it takes for the market to "absorb" homes)How the absorption rate is calculatedLast week's real estate market update for CoralvilleCoralville real estate market report April 2010Coralville real estate market report 1st Quarter: January - March 2010   Originally posted at ichomesforsale.com
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Weekly market update Coralville May 10: Homes sold, homes under contract and active listings.       297 Active Listings81 Homes Under Contract11 Homes Sold May 3 - May 1010.9 Months Absorption Rate (Number of months it takes for the market to "absorb" homes)The absorption rate has gone down just a touch this week and it looks like the Coralville market may be picking up a bit. Homes under contract are looking pretty decent too with 21% of the homes on the market under offer. Coralville is probably one to watch in the coming months. It may surprise us. (I tend to look on the bright side by nature - I also live in Coralville, so I may be considered a tiny bit biased).How the absorption rate is calculatedLast week's real estate market update for CoralvilleCoralville real estate market repo...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
It's Wednesday and we had another beautiful spring day here in Coralville. What better time to go out to my favorite park and take some photos.... The water fountains are up and running again and I will always gravitate to anywhere there is a body of water! (Comes from living on the coast for most of my life). No oceans around here, but still no lack of water with plenty of lakes and ponds and of course the Iowa River. Just love the sunshine - Have you noticed how much happier people are when the sun is shining?      
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Open, Spacious Townhouse with Vaulted Ceilings - 2237 Oakleaf St #3, Coralville Townhouse style condo with 2 car garage, a nice deck and fenced in common area. Open floor plan with vaulted ceilings in entryway, living and dining room. Living room opens up to deck with steps down to the yard. Lots of updates, including laminate wood floor in living/dining area. New ceramic range and built in microwave. New wash basins and faucetts in both bathrooms. Newer water heater and dishwasher. With just 3 units in the building this is a very small condo association. Fantastic location in the heart of Coralville with short walk to parks and shopping. Close to schools. Bus stop just around the corner. Short commute to UIOWA and UI Hospitals. Need 3 bedrooms? The family room in the basement could eas...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Weekly market update for Coralville Iowa. Includes homes sold, homes under contract and active listings.     300 Active Listings71 Under Contract2 Homes Sold April 12 - April 1911 Months Absorption Rate (Number of months it takes for the market to "absorb" homes)How the absorption rate is calculatedLast week's real estate market update for CoralvilleCoralville real estate market report March 2010
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
  291 Active Listings65 Under Contract5 Homes Sold April 5 - April 1011 Months Absorption Rate (Number of months it takes for the market to "absorb" homes)The turnover of inventory of homes in Coralville is pretty slow at the moment as you can see with an absorption rate of 11 months. I live in Coralville and am surprised since we're really conveniently located sandwiched between North Liberty and Iowa City. In a price driven market price trumps convenience at the moment it seems. Stay tuned for updates. What goes around comes around and this too will change at some point. Last week's real estate market update for CoralvilleHow the absorption rate is calculatedCoralville real estate market report March 2010
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Weekly real estate market update Coralville. Includes homes sold, homes under contract and active listings April 5, 2010.     296 Active Listings53 Under Contract12 Homes Sold March 29 - April 311 Months Absorption Rate (Number of months it takes for the market to "absorb" homes)In a price driven market Coralville is not doing as well as North Liberty and Iowa City. This is a surprise to me as I live in Coralville and find it an extremely convenient place to live sandwiched between Iowa City and North Liberty. The commute to Iowa City is a breeze with less than a 10 minute drive to downtown Iowa City and a straight shot to the UI Hospitals & Dental Schools. I guess price trumps convenience at the moment. I wonder if that will change sometime soon. Watch this space... You'll be the first...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Weekly real estate market update for Coralville March 29, 2010. Includes homes sold, under contract and active listings       303 Active Listings50 Under Contract1 Home Sold March 22 - March 2711 Months Absorption Rate (Number of months it takes for the market to "absorb" homes)As buyers race to meet the deadline of the homebuyer tax credit they seem to be overlooking Coralville. There are 50 homes under contract in Coralville compared to 103 in North Liberty. (With a similar number of active listings in both markets). From Coralville you have a straight shot to Iowa City with less than a 10 minute commute to downtown Iowa City and the UI Hospitals. The convenience of living in Coralville is apparently not a motivating factor at the moment with a price driven market heading for North Li...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
      245 Active Listings43 Under Contract1 Home Sold March 8 - March 139.6 Months Absorption Rate (Number of months it takes for the market to "absorb" homes) Right now the absorption rate in Coralville is not looking good with a high 9.6 months of inventory on the market. Hopefully that changes in the coming months as buyers race to meet the deadline of the homebuyer tax credit. On the up side, the number of homes under contract is on the rise and when they close that will impact the absorption rate. Last week's real estate market update for CoralvilleCoralville real estate market report February 2010
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Weekly real estate market update Coralville March 8, 2010       226 Active Listings39 Under Contract6 Home Sold March 1 - March 68.8 Months of inventory on the marketAn absorption rate of 8.8 months means Coralville remains a buyers market. Coralville does well with move-up buyers and there is a lot of buyer activity right now. The homes sold number is starting to tick upwards, so it looks like those repeat buyers taking advantage of the homebuyer tax credit may soon have a positive impact on the Coralville real estate market. If you're not familiar with the absorption rate, more than 6 months of inventory of homes on the market is a buyers market. 6 months of inventory of homes is considered neutral and less than 6 months a sellers market. For more info here's a link to the first post ...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Weekly Real Estate Market Update North Liberty Iowa March 8, 2010     253 Active Listings65 Under Contract12 Homes Sold March 1 - March 6, 20105.5 Months of inventory on the marketThe absorption rate for North Liberty is 5.5 months and still trending towards a sellers market. North Liberty continues to benefit from the homebuyer tax credit and we should see some real action in the next couple of months as buyers take advantage of the credit before the deadline of April 30.If you're not familiar with the absorption rate, more than 6 months of inventory of homes on the market is a buyers market, 6 months of inventory of homes is considered neutral and less than 6 months a sellers market. For more info here's the first post I wrote where I included the absorption rate with an explanation o...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Real Estate Market Update: Homes Sold in Coralville February 2010 It's the beginning of the month and time for a first look at home sales for February in Coralville Iowa. The number of homes sold in Coralville was up in February compared to last year. 11 homes sold in February 2010 in comparison to 10 in February 2009. This is great news, especially since home sales were down in February in both Iowa City and North Liberty. If you follow my real estate market reports you'll know that Coralville hasn't been doing as well with the first time homebuyer as Iowa City or North Liberty. Coralville does well with the move-up buyer and I guess last month was a case in point.The median price of homes sold in February was $214,900 compared to $185,500 last year.  With an average of 88 days on mark...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
      207 Active Listings 37 Under Contract 5 Home Sold Feb 22 - Feb 27 8.2 Months of inventory on the marketAn absorption rate of 8.2 months means Coralville remains a buyers market. Coralville does well with move-up buyers and there is a lot of buyer activity right now, so those repeat buyers looking to take advantage of the homebuyer tax credit may soon have a positive impact on the Coralville real estate market. If you're not familiar with the absorption rate, more than 6 months of inventory of homes on the market is a buyers market. 6 months of inventory of homes is considered neutral and less than 6 months a sellers market. For more info here's a link to the first post I wrote including the absorption rate and an explanation of how it's calculated.Last week's real estate market up...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Weekly Real Estate Market Update for Coralville February 22, 2010: Homes Sold, Under Contract & Active Listings         197 Active Listings 36 Under Contract 1 Home Sold Feb 15 - Feb 20 7.9 Months of inventory on the market With an absorption rate of 7.9 months Coralville is definitely still a buyers market. Coralville does well with move-up buyers, so once the weather warms up maybe those repeat buyers looking to take advantage of the homebuyer tax credit will change the face of the Coralville real estate market. For the moment at least Coralville is struggling a bit in comparison to North Liberty and Iowa City. If you're not familiar with the absorption rate, 6 months of inventory of homes on the market is a buyers market. 6 months of inventory of homes is considered neutral and less ...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Weekly market update for Coralville February 15, 2010: Homes sold, under contract and active listings.     182 Active Listings32 Under Contract1 Homes Sold Feb 8 - Feb 127.3 Months of inventory on the marketThe absorption rate in Coralville is just over 7 months, so we still have a buyers market. 6 months of inventory of homes on the market is considered neutral and less than 6 months trending to a sellers market. We have a lot of buyer activity in our area in general at the moment with buyers wanting to take advantage of the homebuyer tax credit. And now that it includes repeat buyers Coralville has a good chance of having a good spring too as it does well with the "move-up" buyers.Here's a link to a post I wrote a while back with pretty detailed info about the absorption rate.  
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
  185 Active Listings23 Under Contract3 Homes Sold Feb 1 - Feb 67.3 Months of inventory on the marketThe absorption rate in Coralville is about the same as Iowa City with just over 7 months, so we still have a buyers market. 6 months of inventory of homes on the market is considered neutral and less than 6 months trending to a sellers market. The absorption rate is a great tool for sellers to figure out how the market is trending. Here's a link to a post I wrote a while back with pretty detailed info about the absorption rate.
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Coralville Real Estate Market Report January 2010 It's the beginning of the month and time for a first look at homes sold in the Coralville area in January.The number of homes sold in Coralville was down in January compared to last year. 3 homes sold in January 2010 in comparison to 5 in January 2009. January is historically not a strong month as you can tell. This year we're having an even rougher winter than usual that might have contributed to the low number.The average price of homes sold in January was $197,333 with an average of 130 days on market. The average price is down by 14% from $230,460 in January 2009. Unlike Iowa City and North Liberty, Coralville has not benefited greatly from the first time homebuyer tax credit. We're hoping the expanded homebuyer tax credit for repeat...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Coralville Real Estate Market Report December 2009It's the beginning of the month and time for my monthly report on what's going on in the real estate market in Coralville. With an entire year to look back on I have a lot of data to share with you this month. I will start with a year over year comparison of the monthly and quarterly numbers of homes sold in Coralville for the period ending December 31, 2009. Followed by a year over year comparison of annual home sales in Coralville for 2009. Homes Sold in Coralville December 2009 Compared to December 200812 homes sold in Coralville in December 2009 compared to 25 homes sold in 2008. Median price: $189,500 compared to $176,900 in 2008. Average days on market: 89 compared to 123 in December 2008. Homes Sold in Coralville in the 4th Quarte...
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By Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices
(Cardinal Realty ~ 319-400-0268)
Don't miss out on the $5000 grant for eligible Veteran homebuyers. The information below comes directly from Jessica Greving, loan officer and VP of Residential Mortgage Network, Inc. in Coralville. RMN specializes in VA Loans, FHA Loans and USDA Rural Development Loans. These are all specialty home loans that are not offered by too many banks in the area. Jessica is very familiar with the nuances of these specialty home loans and definitely someone you should visit with if you're thinking of buying a home in Iowa City, Coralville or any of the surrounding areas in Johnson County and need a home loan. Getting pre-approved is the first order of business when you buy a home and talking to a few different lenders about the different options is a good idea. Make sure you get a good faith es...
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