Des Moines Weekly Real Estate Update October 19th 2012
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Des Moines Weekly Real Estate Update October 19th 2012

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The weekly real estate market update for Des Moines and Central Iowa by Les Sulgrove and Keller Williams Greater Des Moines Week ending October 19, 2012

The weekly real estate market update for Des Moines and Central Iowa by Les Sulgrove and Keller Williams Greater Des Moines Week ending October 19, 2012

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  • Welcome to the Weekly Real Estate Market Report for Des Moines and Central Iowa. This report is brought to you by Les Sulgrove from Keller Williams Greater Des Moines. These stats and more can be found at Simply Des Moines Dot Com. We finally got some of our much needed moisture back this week as many parts of the state received rain, but it came with cold temperatures.
  • For the week ending October 19th, 2012, the Des Moines Area Association of Realtorsnumber of homes currently for sale remained at the 4400 mark. 251 new listings were taken this past week at an average list price of $205,600. The week ended with just over 700 New Construction Homes On The MarketThe number of homes for sale is down by just under 18% from the same time last year.
  • Unlike re-sale inventory, new construction started the year out with a large inventory. January 9th recorded the most number of new construction homes for sale with 903 listings which represented 20% of the total homes on the market. On August 19th, new home listings dropped to 612 translating to 13% of total inventory.
  • The Average List Price of a Re-Sale home in our market is $193,600. New Construction Average List Price is $269,000. The highest price Re-Sale property is Three and A Half Million Dollars compared to One Point One Million for New Construction.
  • As this week ended, there were 1,461 Pendings in the Multiple Listing Service. There were 1,243 homes pending during the same time last year. 160 Offers were accepted this past week with an average list price of all Pendings of 181,391.
  • For closed transactions this week 139homes closed bringing our year to date total up to 7,408. We are closing in on 2011’s total sales and are now only 382 closed sales way from surpassing that number.The Average Sale Price for the last 30 days is just over $169,000 dollars and the Average time to market a home from listing to offer acceptance is 105 days.
  • As Always, For More Information On Real Estate Market Conditions For The Des Moines Area, Go To www.SimplyDesMoines.com. While There, Be Sure And Click On “Local Real Estate Statistics” For Monthly Recap Reports.
  • Real Estate Market Report Is Provided By Les Sulgrove at Keller Williams Greater Des Moines and is produced weekly. Les’ home search website is www dot Search Des Moines Dot Com. Les can be reached by Phone at 515-966-4663 or by Emailing Les Sulgrove At KWDSM Dot Com. And don’t forget to check out Facebook Dot Com Slash Simply Des Moines.

Des Moines Weekly Real Estate Update October 19th 2012 Des Moines Weekly Real Estate Update October 19th 2012 Presentation Transcript

  • SimplyDesMoines.com Weekly Real Estate Market Report For Des Moines and Central IowaBy Les Sulgrove, Keller Williams Greater Des Moines Week Ending October 19, 2012
  • • 4,411 Homes On The Market Today 5,310 Homes On The Market At This Time Last Year• 251 New Listings Taken In The Last 7 Days• The Average Price Of A Home On The Market Today Is $205,618• 701 New Construction Inventory On The RiseSimplyDesMoines.comWeekly Real Estate Market Report Week Ending October 19, 2012
  • SimplyDesMoines.comWeekly Real Estate Market Report Week Ending October 19, 2012
  • SimplyDesMoines.comWeekly Real Estate Market Report Week Ending October 19, 2012
  • • 1,461 Homes Under Contract Today 1,243 Homes Under Contract At This Time Last Year• 160 Offers Accepted In The Last 7 Days• The Average List Price Of A Home Under Contract Today Is $181,391SimplyDesMoines.comWeekly Real Estate Market Report Week Ending October 19, 2012
  • • 139 Home Sales Closed This Week• 7,408 Homes Have Closed Year To Date 6,202 During The Same Period Last Year• 1,206 Home Sales Ahead Of 2011 YTD• Average Sale Price Over The Last 30 Days Is $169,371• Average Days On Market Is 105 DaysSimplyDesMoines.comWeekly Real Estate Market Report Week Ending October 19, 2012
  • For More Informationwww.SimplyDesMoines.com Click On “Local Real Estate Statistics” For Monthly Recap ReportsSimplyDesMoines.comWeekly Real Estate Market Report
  • Real Estate Market Report Provided By Les Sulgrove Keller Williams Greater Des Moines Home Search Site www.SearchDesMoines.com (515) 966-4663 lessulgrove@kwdsm.com Keller Williams – 10200 Hickman Ct. Ste. 100, Clive, IA 50325