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New Office – New Year
2011 has begun and so has the Iowa City / Coralville Skogman Commercial office. Let’s take a look and see how both fare. I track the average home sales price, the price increase and the list price / sales price ratio as an indicator for the overall health of the Iowa City / Coralville real estate market. In the 29 years I have been …
Last Decade Iowa / US comparison
The Gazette reported in the Wednesday 12-30-2009 addition that basically, prices are higher and incomes are lower than they were 10 years ago. Median income is down $2,000, public debt is double and gas is 30% higher. At least the Iowa City housing market is stable. This is good news if you’re a real estate broker, or a home owner! I believe it also …
Iowa City Real Estate Checkup for Fall of 2009 – Q & A
1) The Current Condition of Real Estate in Iowa City? The residential real estate market, and as a following indicator, the commercial real estate markets are currently guarded, but healthy. Historically, for the last 20 years, or so, homes have increased in value by about 4% per year, have sold in 90-120 days and have sold for about 98% of what they were listed …
Jeff’s Gone GREEN!
GREEN. There is a lot of talk about GREEN these days. Green building, green living, green speech, green cars…so much I started to wonder what it really means to be GREEN, or to go GREEN. I got an email about a Realtor class offering a green designation. Well, I needed the CEU’s so I signed up thinking that I might actually learn …
Recession…Iowa City Style
Yes, we are in a recession and boy am I sick of hearing that. Believe me, I know there are real problems with this economy, but the self fulfilling prophecy aspect of talking about it is another problem altogether. Let’s see what a recession actually means in Iowa City. I have tracked home sales prices in Johnson County since 1981. My method is …
Home sale prices off 10% for 2008
Yikes! Home prices for 2008 will be down 10% nation wide! Some markets like Miami are down almost 30%, followed by San Francisco which is down by 25%. Iowa City is somewhat insulated from national trends, but it not immune to the influence of national real estate trends.
New market snapshot feature
I just put a new button on my website titled “market snapshot”. Unfortunately some of what we do is marketing fluff, but this is the real deal. The link sets up a market snapshot based on your search criteria and emails you a full featured, graphic report showing meaningful statistics, maps, and photos. I am excited about this tool and invite you to give …
Welcome to Jeff’s Iowa City Real Estate Blog
Welcome. Local real estate news, that is real real estate news is hard to come by. We’ll fix that! I will sift the statistics and facts and post information relevant to a buyer’s or seller’s interests in Iowa City area real estate.