SimplyDesMoines.com  Weekly Real Estate Market Report      For Des Moines and Central IowaBy Les Sulgrove, Keller Williams...
• 4,390 Homes On The Market Today   5,367 Homes On The Market At This Time Last Year• 290 New Listings Taken In The Last 7...
SimplyDesMoines.comWeekly Real Estate Market Report                     Week Ending October 5, 2012
• 1,475 Homes Under Contract Today   1,255 Homes Under Contract At This Time Last Year• 174 Offers Accepted In The Last 7 ...
SimplyDesMoines.comWeekly Real Estate Market Report                     Week Ending October 5, 2012
• 187 Home Sales Closed This Week• 7,069 Homes Have Closed Year To Date   5,911 During The Same Period Last Year• 1,158 Ho...
For More Informationwww.SimplyDesMoines.com                         Click On    “Local Real Estate Statistics”           F...
SimplyDesMoines.com               Provided By        Les Sulgrove              Keller Williams               Greater Des M...
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Weekly Des Moines Real Estate Market Update For October 5, 2012

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Des Moines Real Estate Market Conditions for the Week Ending 10-5-2012

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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. This past week it seems like mother nature has flipped a light switch on our fall foliage. Despite our dry summer, there is a lot of color appearing on central Iowa trees. This is probably the best weekend to take that drive around the city and see the beauty of Iowa before all the leaves fall to the ground.
  • For the week ending October 5th, 2012, the Des Moines Area Association of Realtors recorded 4,390 homes currently for sale. 290 new listings were taken this past week and the average list price of a home on the market this week is $205,808. The number of homes for sale is down by over 18% from the same time last year.
  • Just over 50 percent of homes currently on the market are owner occupied. 6 percent are tenant occupied and vacant properties make up 43% or 1,849 homes.
  • Homes under contract in our market are also known as Pending sales. As this week ended, there were 1,475 Pendings in the Multiple Listing Service. There were 1,255 homes pending during the same time last year. 174 Offers were accepted during the last 7 days with an average list price of all Pendings today coming in at just over $180,000.
  • In the month of September, 69% of homes accepting offers were on the market less than 120 days. The 31% remaining homes with accepted offers had been on the market on average 9 months before finding a buyer.
  • 187homes closed this week bringing our year to date total up to 7,069. At the end of 2011 DMAAR had closed 7,790 which is a number we could reach before the end of October.
  • 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.
  • Weekly Des Moines Real Estate Market Update For October 5, 2012

    1. 1. SimplyDesMoines.com Weekly Real Estate Market Report For Des Moines and Central IowaBy Les Sulgrove, Keller Williams Greater Des Moines Week Ending October 5, 2012
    2. 2. • 4,390 Homes On The Market Today 5,367 Homes On The Market At This Time Last Year• 290 New Listings Taken In The Last 7 Days• The Average Price Of A Home On The Market Today Is $205,808• 18% Behind 2011 Home Inventory LevelsSimplyDesMoines.comWeekly Real Estate Market Report Week Ending October 5, 2012
    3. 3. SimplyDesMoines.comWeekly Real Estate Market Report Week Ending October 5, 2012
    4. 4. • 1,475 Homes Under Contract Today 1,255 Homes Under Contract At This Time Last Year• 174 Offers Accepted In The Last 7 Days• The Average List Price Of A Home Under Contract Today Is $180,835SimplyDesMoines.comWeekly Real Estate Market Report Week Ending October 5, 2012
    5. 5. SimplyDesMoines.comWeekly Real Estate Market Report Week Ending October 5, 2012
    6. 6. • 187 Home Sales Closed This Week• 7,069 Homes Have Closed Year To Date 5,911 During The Same Period Last Year• 1,158 Home Sales Ahead Of 2011 YTD• Average Sale Price Over The Last 30 Days Is $176,102• Average Days On Market Is 105 DaysSimplyDesMoines.comWeekly Real Estate Market Report Week Ending October 5, 2012
    7. 7. For More Informationwww.SimplyDesMoines.com Click On “Local Real Estate Statistics” For Monthly Recap ReportsSimplyDesMoines.comWeekly Real Estate Market Report
    8. 8. SimplyDesMoines.com Provided By Les Sulgrove Keller Williams Greater Des Moines Home Search Site www.SearchDesMoines.com (515) 966-4663 lessulgrove@kwdsm.comKeller Williams – 10200 Hickman Ct. Ste. 100, Clive, IA 50325
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