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According to information from the Iowa Association of Realtors(IAR) the home prices for the Carroll Iowa real estate market have decreased by 1% in the first three quarters of 2014. The average price in Carroll was $139,143 compared to $140,484 in 2013. 

The active listings increased 5.2% in the same time period

Days on the market saw a 20% decrease from the prior year. Average days on the market was 60 in the first three quarters of 2014 compared to 75 days in 2013. 

So really in summary the Carroll Iowa Real Estate market remains very steady with more homes being sold at a slight decrease in price and they are spending less days on the market. The market just seems to avoid the big peaks and big valleys. We just ripple along. 

Here is a link to IAR's state report. 

If you or anyone you know if interested in buying or selling real estate please feel free to call the Mid Iowa Team. 

Mike 

I had the opportunity to see Dr. Yun in Des Moines recently and here is the summary of his talk. 
 

Top Economist Dr. Yun discusses Residential and Commercial Markets in Iowa

posted by Mark Gavin | Jul 31, 2014

Dr. Lawrence Yun, the Chief Economist of the National Association of REALTORS, presented to over 100 REALTORS in West Des Moines on July 31.

Dr. Yun covered a wide range of topics relating to the economy and housing trends. Dr. Yun discussed the pent-up demand for housing due to population growth and job growth. In some of Iowa’s biggest cities like Des Moines, Davenport and Cedar Rapids, the job growth is increasing and higher than last year’s numbers. 

Many of the cities in Iowa are in need of more inventory.  The recent sluggish recovery in housing starts can be attributed to cost of construction rising faster than the consumer price index (CPI) and the shortage in skilled construction workers. In addition, construction loans are more difficult for smaller builders due to financial regulations.  Iowans can expect growth in housing starts as inventory of more homes come to the market.

While young adult homeownership rates are declining throughout the country, Des Moines was highlighted as a top 10 market for young people to buy a home.

What Buyers Want Most from Agent

With the popularity of searching for homes on the national, regional and local firms’ websites, a person might think that REALTORS are not needed to find the right home. However, in a recent study by NAR’s Research team titled What Buyers Want Most From Their Agent, 53% of home buyers want help finding the right home to purchase.

See the entire presentation from Dr. Yun’s Residential Trends and Forecast session.

In the afternoon session, Dr. Yun discussed the outlook of commercial real estate. Commercial markets are improving slowly. Transactions including larger more expensive properties of $2.5 million are rising at a faster rate. The less expensive properties are improving at a much slower rate due to some financing difficulties with the smaller regional and local banks.

Jobs in professional business and financial services are at a new peak.  Overall job growth in improving in Iowa, however jobs in retail trade are still below their previous peak from 2001.

Dr. Yun is forecasting a GDP Growth near 3%, continued job growth. In the commercial sector he called for an increase in occupancy rates and falling vacancy rates. Overall the outlook is positive with improving business opportunities.

Carroll Iowa Real Estate July Analysis

by Mike Franey

The Carroll Iowa Real Estate market remained strong through July as new listing and pending sales activity levels were almost the same as July of 2011. The real difference is the sold activity that showed an increase of 86.4% from one year ago. The year to date sold activity is up 35.2% from this time last year. 

The average home price in the Carroll was up 11.6% from July of 2011 to $139,407 while the median price was up 18.5% to $130,375.

The sale price to listing price comparison has increased only 6.6% from a year ago indicating that educated buyers are still not over paying for their share of the American Dream in this active market.

The days on the market on down 22.3% from last July to only 73 days showing that when quality listings that are priced correctly in the market it does not take long for qualified buyers to make offers.

The news is equally as good for the housing market in the State of Iowa as the Iowa Association of Realtors reported in their July 2012 Housing Report that statewide homes sales have been up for the past 13 months in a row.

The overall health of the Carroll Iowa Real Estate market it very good. Currently there are 36 single family homes for sale in the City of Carroll.

If you are thinking about buying or selling in the Carroll Iowa area give your Mid Iowa Real Estate team a call at 1-712-792-4324.

Mike Franey

Carroll Iowa Real Estate Market - 1st Quarter 2012

by Mike Franey

The Carroll Iowa Real Estate Market remained strong in the first quarter of 2012. For the ninth consecutive month the Iowa Association of Realtors reported increased sales activity throughout the State. The activity levels in the Carroll Iowa Real Estate Market showed a decrease of 4.8% from the first quarter in 2011. Although a decrease in activity the sold comparison was up 68.2% in the same period.

 The average days on the market in the Carroll area were 84 days which has remained steady over the past three years. Over half of the Realtor boards in the State of Iowa reported decreases of days on the market. 

Sold price comparison from the first quarter in 2011 to 2012 shows a 11.8% decrease in the average sale price. The average sale price was around $105,000 in the Carroll area. 

Overall the health of the Carroll Iowa Real Estate Market is excellent. The supply of houses is low compared to other years. Currently there are 26 single family homes on the market. This number excludes condos. 

If you have been thinking about selling your home the time is right. Make the call to the Realtor of choice in the Carroll area...Your Mid Iowa Real EstateTeam. 

Mike Franey

Broker/owner

Mid Iowa Real Estate

712-830-0942

 

 

 

 

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Mid Iowa Team
Mid Iowa Insurance & Real Estate
603 US Highway 30 W.
Carroll IA 51401
Office: 712-792-4324
Cell: 712-830-0942
Fax: 712-792-4840

Mid Iowa Real Estate and its licensees are licensed to sell real estate in the State of Iowa