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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.

7 Landscaping Mistakes That Wreck Curb Appeal

by Mike Franey

7 Landscaping Mistakes That Wreck Curb Appeal

 

Email us if you would like to be on a market watch system so you can stay informed about real estate in the Carroll area. 

 

 

Larry "Coach" Clark wins 2011 Public Service Award

by Mike Franey

He thought he was coming to support his daughter! But what he did not know was his grandson Kyler would take the podium and on behalf of the thousands of people whose lives he has impacted it was his time to be recognized. Larry “Coach” Clark has influenced us all around these parts. Colin Hackett nominated Coach for the award based on his dedication to the youth.  

In his heartfelt nomination Kyler looked out to the crowd of over 250 with a sense of pride as he told us why his Grandpa deserved the 2011 Carroll Chamber of Commerce Public Service Award. From his 31 years of service to the Social Security Administration, his volunteering efforts for the Carroll area Kiwanis, Meals on Wheels, his numerous golf clinics and his 22 years leading the Kuemper golf team it was clear that this award fit him well. 

In his nomination Hackett stated “Larry didn’t just make the teams successful he made the people successful as well!”

Kyler continued to tell the audience that Coach always preached about keeping a positive attitude and no matter what your successes are always remain humble.

What a great award given to a great recipient! Congratulations Coach!  

 

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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