Page 1

Facts & Trends Real Estate

Ruhl&Ruhl Realtors

Winter 2016

Local Real Estate is a Safe Investment

Kurt Johnson Realtor

Bettendorf Office 1228 Middle Road Bettendorf, IA 52722-3604 (563) 343-0675 KurtJohnson@RuhlHomes.com KurtJohnsonRealtor.com

IN THIS ISSUE: page 4 Ruhl&Ruhl Realtors Celebrates a Great 2015

page 4 Homes Prices Keep Appreciating

page 6 RuhlHomes.com - A New Site for the New Year!

page 7 Slight Dip in 2015 New Construction Sales & Inventory

Given the volatility of the stock market so far in 2016, investors would be smart to put their money in local real estate. Interest rates are still very attractive, inventories are good and the rental market is very strong. Our home prices are still affordable, and real estate continues to appreciate slowly but steadily in our markets (see page 4). REO’s (foreclosure properties) are especially good values and can be seen at RuhlHomes.com/Foreclosures. One of the investment strategies we encourage our clients to consider is to buy a home for each of their children or grandchildren as a gift when they are born. We suggest renting it out and FRQVLGHUÂż[LQJLWXSZLWKWKHFKLOGÂśV LQYROYHPHQWIRUWKHQH[W\HDUV:KHQ they are ready for college, they have a built-in college fund – either from the rental stream, home sale proceeds or UHÂżQDQFLQJSURFHHGVRQWKHKRPH3OXV when they graduate and relocate back KRPHÂąWKH\DOUHDG\RZQWKHLUÂżUVWKRPH The main objection we hear from people interested in investing in real estate is: “I don’t want to deal with tenants, home maintenance and repairs.â€? Ruhl&Ruhl Realtors’ Property Management Department is happy to help, or your agent can suggest other management options.

Forecast for 2016

2015 was a great year! Nationally, the total volume of residential sales was the highest since 2006. 2016 will continue the upward trend, though not as strongly as it was in 2015. According to Lawrence Yun, Chief Economist for the National Association of 5($/7256Š³H[LVWLQJKRPHVDOHVDUH IRUHFDVWHGWRH[SDQGLQDWDPRUH moderate pace as pent-up buyer demand combats affordability pressures and

meager economic growth.â€? “This year the housing market may only squeak out 1% to 3% growth in sales EHFDXVHRIVORZHUHFRQRPLFH[SDQVLRQ and rising mortgage rates.â€?  &OHDU&DSLWDO+RPH'DWD,QGH[SURMHFWV home price appreciation in the range of 1-3% by January 2017. As shown on page 4, in the past year, homes in our regional MSA’s appreciated: % Change in Metropolitan Statistical Areas Prices 1 Year Cedar Rapids, IA +1.45% Quad Cities, IA-IL +2.42% Dubuque, IA +1.33% Iowa City, IA +3.52% According to Clear Capital, homes in the low tier (selling below $116,000 nationwide) are forecasted to appreciate more than the KLJKHUWLHUVGXULQJ%\GHÂżQLWLRQWKH low tier is affordable to the widest range of potential homeowners and investors. This larger class of buyers will likely cause continued higher appreciation for the most affordable home tier. The Midwest is projected to be the fastest growing region in the country, with 2.5% annual appreciation in 2016. As always, this will vary by price range and neighborhood.

Ruhl&Ruhl Regional Forecast

Inventory levels are good and balanced between a buyer’s market and seller’s market (4-6 months of inventory) in most of our markets. The Iowa Quad Cities and Muscatine areas have the lowest months of inventory (see Activity Chart on page 2). Inventory is tight in some markets, mostly at entry level price points, but growing in our upper price brackets.  :HH[SHFWWKHQXPEHURISURSHUWLHVVROG in 2016 to be up slightly and appreciation to continue in the 1% - 2.5% per year range, resulting in sales volume going up about 3.5%.


2015 Regional Real Estate Activity Through December

Average 2015 Sales Price

% Change in Average Sales Price from 2014

2015 Number Sold

% Change in Number Sold from 2014

2015 Sales Volume

% Change in Sales Volume from 2014

Active Listing Count 2015

% Change in Active Listings from 2014

Months of Inventory

Burlington Area $124,500 +17% 528 -10% $65,739,300 +6% 220 -19% 8.3 Cedar Rapids Area $173,400 +6% 4,566 +12% $791,838,700 +19% 1,501 -2% 6.7 Clinton/Camanche/Fulton $90,600 -14% 434 -11% $39,314,200 -24% 256 -22% 12.2 DeWitt $152,200 +1% 114 -3% $17,349,100 -1% 28 -33% 7.0 Dubuque Area $172,700 +1% 1,075 0% $185,612,500 +1% 382 +3% 6.9 Galena & Galena Territory $186,000 -1% 155 +12% $28,824,000 +11% 277 -18% 25.8 Galesburg Area $88,600 +4% 608 -4% $53,863,700 -1% 265 -9% 11.2 Illinois Quad Cities $119,100 +8% 2,145 +11% $255,410,300 +20% 781 -13% 7.8 Iowa Quad Cities $192,000 +3% 2,276 +2% $437,057,900 +5% 659 -6% 4.4 Iowa City Area $217,100 +4% 2,979 +7% $646,700,400 +11% 955 -4% 7.3 Maquoketa/Preston/Bellevue $134,000 +17% 136 -11% $18,229,300 +4% 109 +56% N/A Muscatine/Wilton Area $136,400 +9% 573 +15% $78,174,200 +24% 157 -26% 4.7 Washington Area $110,000 0% 176 +15% $19,355,600 +16% 80 +19% 8.4 Wisconsin (Southwest) $124,000 -4% 499 +3% $61,883,800 -1% 254 -24% 26.8 2015 Regional Total $166,000 +5% 16,264 +6% $2,699,353,000 +11% 5,924 -8% Several MLS mergers are causing some data to be suspect. The Washington MLS merged into the Iowa City MLS and data may be reflected in both markets. The Clinton MLS merged with the Quad Cities MLS. Maquoketa MLS members merged with either the Quad Cities MLS or the Dubuque MLS.

Summary of Regional Real Estate Activity Burlington Area

Listing Inventory: There are 220 homes and condominiums listed for sale in Burlington, Iowa and the surrounding area, a 19% decrease from the same time last year when there were 272 properties for sale. Properties Sold: 10% fewer residential properties sold year-to-date than the same time period last year, comparing 584 sales last year to 528 sales last year. Average Sales Price: The average sales price was $124,500, a 17% increase from the average sales price of $106,200 last year. Residential Sales Volume: Sales volume was up 6%, an increase from $62,000,500 in 2014 to $65,739,300 through December 2015.

Cedar Rapids Area

Listing Inventory: There are 1,501 residential properties listed for sale in the Cedar Rapids area, 2% fewer than the same time last year when there were 1,532 properties listed. Properties Sold: This year, there were 4,566 properties sold, 12% more than the 4,093 that sold in 2014. Average Sales Price: The average sales price was $173,400 through December 2015, 6% more than the average sales price of $163,100 in 2014.

Residential Sales Volume: Sales volume increased 19% from $667,610,200 through the fourth quarter of 2014 to $791,838,700 through the fourth quarter of 2015.

Clinton, Camanche & Fulton

Listing Inventory: There are 22% fewer properties listed for sale in Clinton, Camanche and Fulton; comparing 256 current listings to 330 properties for sale last year. Properties Sold: 11% fewer properties sold through 2015, a decrease from 489 sales in 2014 to 434 sales in 2015. Average Sales Price: The average sales price through December 2015 was $90,600, a 14% decrease from the average sales price of $105,500 in 2014. Residential Sales Volume: Sales volume was down 24% through December 2015, from $51,593,000 in 2014 to $39,314,200 in 2015.

DeWitt

Listing Inventory: DeWitt’s listing inventory is down 33% from 42 properties listed for sale last year to 28 properties currently on the market. Properties Sold: 114 properties sold and closed during 2015, a 3% decrease compared to 117 sales in 2014. Average Sales Price: The average sales price of homes sold through December 2015 was $152,200, 1%

more than 2014 when the average sales price was $150,500. Residential Sales Volume: Sales volume decrease 1% this year, from $17,607,100 in 2014 to $17,349,100 in 2015.

Dubuque Area

Listing Inventory: 3% more properties were for sale in December of 2015; an increase from 371 to 382. Properties Sold: There are 1,075 residential properties listed for sale in the Dubuque region; no significant change from the same time last year when there were 1,071 properties for sale. Average Sales Price: The average sales price of homes sold through December 2015 was $172,700, a 1% increase over the average sales price of $171,600 through December 2014. Residential Sales Volume: Sales volume for 2015 was $185,612,500, up 1% from 2014 when sales volume was $183,806,300.

Galena & Galena Territory

Listing Inventory: There are 277 properties for sale in Galena, Illinois and the Galena Territory; 18% fewer than the same time last year when there were 337 listings. Properties Sold: There was a 12% increase in the number of residential

Summary continued on page 3 2 • RuhlHomes.com


Summary continued from page 2

properties sold in 2015, comparing 138 sales in 2014 to 155 sales in 2015. Average Sales Price: The average sales price was $186,000 through December 2015, 1% less than last year when the average sales price was $188,600. Residential Sales Volume: Sales volume was up 11% for 2015, an increase from $26,021,600 in 2014 to $28,824,000 through December 2015.

Galesburg Area

Listing Inventory: There are 265 residential properties currently listed for sale in the Galesburg area. This is a 9% decrease from last year when there were 290. Properties Sold: Sales have decreased 4% from 636 properties sold in 2014 to 608 through December 2015. Average Sales Price: The average sales price was $88,600 through December 2015, 4% more than the average sales price of $85,500 in 2014. Residential Sales Volume: Sales volume decreased 1% in 2015, from $54,299,700 to $53,863,700.

Illinois Quad Cities

Listing Inventory: The number of properties for sale in the Illinois Quad Cities is down 13%; from 897 listings last year to 781 listings currently on the market. Properties Sold: Through the fourth quarter of 2015, 11% more properties sold, comparing 1,932 sales in 2014 to 2,145 sales through December 2015. Average Sales Price: The average sales price was up 8%, from $110,100 in 2014 to $119,100 through December 2015. Residential Sales Volume: Sales volume increased 20% through the fourth quarter of 2015, from $212,788,100 to $255,410,300.

Iowa Quad Cities

Listing Inventory: There are 659 homes and condominiums listed for sale in the Iowa Quad Cities, 6% fewer than the same time last year when

there were 703 properties for sale. Properties Sold: 2% more properties sold through the fourth quarter of 2015, an increase from 2,233 sales in 2014 to 2,276 sales this year. Average Sales Price: The average sales price increased 3%; from $186,600 in 2014 to $192,000 through December 2015. Residential Sales Volume: Sales volume went up 5% from $416,656,500 in 2014 to $437,057,900 in 2015.

Iowa City Area

Listing Inventory: The number of properties for sale in the Iowa City area is down 4%, which is a decrease from 996 in 2014 to 955 properties currently on the market. Properties Sold: 7% more properties sold during 2015, an increase from 2,782 sales in 2014 to 2,979 sales in 2015. Average Sales Price: The average sales price was $217,100; a 4% increase from 2014 when the average sales price was $208,700. Residential Sales Volume: Sales volume increased 11%, from $580,617,300 in 2014 to $646,700,400 through December 2015.

Maquoketa, Preston & Bellevue

This information is suspect due to the closing of the Maquoketa MLS. Listing Inventory: There are 109 properties for sale in Maquoketa, Preston, and Bellevue, 56% more than the same time last year when there were 70 properties listed for sale. Properties Sold: 11% fewer properties sold during 2015, a decrease from 152 sales in 2014 to 136 sales in 2015. Average Sales Price: The average sales price of homes sold through December 2015 was $134,000, 17% more than the average sales price of $115,000 in 2014. Residential Sales Volume: Sales volume increased 4%, from $17,482,200 in 2014 to $18,229,300 in 2015.

Muscatine & Wilton Area

Listing Inventory: There are 157

homes and condominiums listed for sale in the Muscatine and Wilton area, 26% fewer than the same time last year when there were 212 properties for sale. Properties Sold: 15% more residential properties sold in 2015, comparing 500 sales last year to 573 sales this year. Average Sales Price: The average sales price was $136,400, a 9% increase from the average sales price in 2014 of $125,600. Residential Sales Volume: Sales volume was up 24%, from $62,813,500 in 2014 to $78,174,200 through December 2015.

Washington Area

Listing Inventory: There are 80 properties for sale in Washington, Iowa and the surrounding area, a 19% increase from the same time last year when there were 67 properties for sale. Properties Sold: Through 2015, 15% more properties sold, comparing 153 sales in 2014 to 176 sales through December 2015. Average Sales Price: The average sales price was $110,000, which is comparable to the average sales price of $109,500 in 2014. Residential Sales Volume: Sales volume was up 16%, an increase from $16,751,700 in 2014 to $19,355,600 through December 2015.

Wisconsin (Southwest)

Listing Inventory: There are 254 properties for sale in the southwest Wisconsin region, a 24% decrease compared to the same time last year when there were 333 listings. Properties Sold: There were 499 properties sold this year, which is 3% more than the 485 properties that sold in 2014. Average Sales Price: The average sales price was $124,000 in 2015, 4% lower than in 2014 when the average sales price was $129,500. Residential Sales Volume: Sales volume was down 1%, a decrease from $62,814,200 in 2014 to $61,883,800 through December 2015.

Quad Cities MLS Statistics - Iowa & Illinois Combined Through December Current MLS Listings Average Sales Price Total Sales Volume Total # of Sales YTD

2011

2012

2013

2014

2015

1,788 $137,600 $480,686,900 3,493

1,535 $147,100 $586,213,100 3,984

1,566 $146,900 $627,893,900 4,274

1,600 $151,100 $629,444,600 4,165

1,440 $156,600 $692,468,200 4,421

% Change 2014 vs. 2015 -10.0% +3.6% +10.0% +6.1%

RuhlHomes.com • 3


Ruhl&Ruhl Realtors Celebrates a Great 2015 Ruhl&Ruhl Realtors looks back at 2015. 1. Number of Properties Sold: Ruhl&Ruhl Realtors sold 5,226 properties in 2015, as either listing agent or selling agent. This was 1% more transactions than in 2014. 2. Residential Sales Volume: Ruhl’s sales volume in 2015 was $838,830,591, up 4.2% from 2014’s sales volume of $805,159,937. 3. Revenue: Revenue in a real estate company is primarily gross commission income (GCI). Ruhl’s 2015 GCI was $24,679,178, or 3.6% up from 2014 revenue. 4. Nationally Ranked Per Agent Productivity: On average our agents closed 18.3 transactions in 2015. This is the highest per agent productivity in the region and more than double the national average of 7 transactions per agent per year. 5. Great Agents and Staff: We ended 2015 with 286 residential agents. In addition, 61 employees work for the

Reg

company equating to 54 full-time staff. 6. Ruhl Mortgage: Ruhl Mortgage closed $139,663,172 in loan volume, which was generated by 863 loans. 83% were purchase loans and 17% were refinances. 26.1% of Ruhl&Ruhl Realtors’ buyers with financing worked with Ruhl Mortgage. 19.4% of Ruhl buyers paid cash. 7. New Construction Sales Volume: Ruhl&Ruhl agents sold 267 new construction homes or condos in 2015. The average sales price was $359,788, up from $343,597, resulting in sales volume of $96,063,358. 8. Insurance Referrals Sold: Ruhl agents referred clients resulting in 398 policies being sold by the Nelson Brothers Agency, Ruhl&Ruhl Realtors’ affiliated insurance company. 9. Commercial Sales Volume: NAI Ruhl Commercial Company, a joint venture with Ruhl&Ruhl Realtors, sold $124,267,174 in commercial real estate in 2015 and had a 53% market share.

Through December Burlington Area (Burlington Board of Realtors)

Cedar Rapids Area (Cedar Rapids Area Assoc. of R Southeast Cedar Rapids Northeast Cedar Rapids Southwest Cedar Rapids Northwest Cedar Rapids Hiawatha & Robins Marion

East of I-380: Mechanicsville, Anamosa, Mt. Vernon, L West of I-380: Walford, Fairfax, Atkins, etc. Corridor Area: Solon, Ely, Swisher Condominiums

Clinton, Camanche & Fulton (Quad City Area Realto DeWitt (Quad City Area Realtor Assoc.) Dubuque Area (Dubuque Board of Realtors) Dubuque North, South and West Dubuque Illinois Wisconsin

Galena & Galena Territory (Realtor Assoc. of North

Galesburg Area (W. Central IL Association of Realto

Illinois Quad Cities (Quad City Area Realtor Assoc. Rock Island Milan & Rural Rock Island County Moline Coal Valley, Rural Moline, Miscellaneous

Homes Prices Keep Appreciating The eastern Iowa and northwestern Illinois region continues its steady climb in home price appreciation – with most of our markets showing positive gain. This is the 17th consecutive quarterly appreciation nationally. The expected slowdown in appreciation this quarter didn’t occur, but this could lead to more of a challenge of affordability of housing moving forward, according to the Federal Housing Finance Agency (FHFA) Principal Economist Andrew Leventis. In the past year, home prices are up: 1.33% in Dubuque; 3.52% in Iowa City; 2.42% in the Quad Cities and 1.45% in Cedar Rapids. This compares to other cities: Des Moines up 4.62% and Metropolitan Statistical Areas (MSAs)

Cedar Rapids, IA Davenport-MolineRock Island, IA-IL Des MoinesWest Des Moines, IA Dubuque, IA Iowa City, IA USA

Chicago, IL up 3.71%. Nationally, home prices have increased 5.70% in the last year. Eastern Iowa and western Illinois’ gains have not been as high; however, our region also didn’t experience the extreme lows of the rest of the country. “With home appreciation percentages continuing to grow and interest rates projected to increase,” said Caroline Ruhl, president of Ruhl&Ruhl Realtors, “this is the best time to buy to ensure that you are putting yourself in the best position to purchase your dream home. If you have considered buying, or are just starting the process of searching for a home, please contact a Realtor.”

Percent Change in House Prices 1 Year 5 Year

2015 3rd Quarter National Ranking of 271 MSAs*

Port Byron, Upper Rock Island County Mercer County Henry County Condominiums Iowa Quad Cities (Quad City Area Realtor Assoc.) Davenport Bettendorf & Riverdale Blue Grass, Buffalo, Durant & Walcott LeClaire, Pleasant Valley & Princeton North Scott County Miscellaneous Condominiums Iowa City Area (Iowa City Area Assoc. of Realtors) Iowa City Coralville Northwest Iowa City Northeast Iowa City Southeast Iowa City Southwest Iowa City Corridor Area Miscellaneous

+1.45%

+3.10%

246

+2.42%

+6.79%

221

Maquoketa, Preston & Bellevue (Dubuque MLS & Q

+4.62%

+8.85%

130

Muscatine

+1.33% +3.52% +5.70%

+8.89% +9.14% +19.91%

250 180

Muscatine Outlying

Information courtesy of Federal Housing Finance Agency (FHFA) for third quarter 2015. FHFA stats always run one quarter behind. Their full report is accessible at www.fhfa.gov. *Rankings based on annual percentage change in house prices.

4 • RuhlHomes.com

East Moline & Silvis

Condominiums

Muscatine & Wilton Area (Muscatine Board of Real Wilton Condominiums

Washington Area (Iowa City Area Assoc. of Realtor Wisconsin - Grant & Lafayette Co. (S. Central Wisc

This representation is based in part on data supplied by the REALTOR Associations or Several MLS mergers are causing some data to be suspect. The Washington MLS me


gional Residential Real Estate Activity Current MLS Listings

Realtors)

Lisbon, etc.

or Assoc.)

hwest IL)

% of Active Listings

2015 Avg. Sales Price

2015 Sales Volume

2015 # Sold

% of Unit Sales

Sales/ List

2014 # Sold

2014 Avg. Sales Price

2014 Sales Volume

220

$124,500

$65,739,300

528

94%

584

$106,200

$62,000,500

1,501

$173,400

$791,838,700

4,566

98%

4,093

$163,100

$667,610,200

121

8%

168,900

65,701,000

389

9%

97%

348

155,700

54,192,500

189

12%

175,100

115,039,100

657

14%

98%

595

161,900

96,332,600

113

8%

146,900

64,199,000

437

10%

98%

421

139,500

58,745,800

113

8%

146,900

53,458,100

364

8%

98%

328

142,200

46,647,900

23

2%

254,800

23,189,800

91

2%

98%

92

240,300

22,108,700

155

10%

212,600

116,071,300

546

12%

99%

490

203,200

99,589,500

181

12%

161,500

74,759,400

463

10%

95%

382

143,100

54,674,600

175

12%

147,900

61,985,900

419

9%

96%

341

139,100

47,432,200

95

6%

288,400

80,172,700

278

6%

98%

235

270,500

63,577,000

336

22%

148,900

137,262,400

922

20%

100%

861

144,400

124,309,300

256

$90,600

$39,314,200

434

90%

489

$105,500

$51,593,000

28

$152,200

$17,349,100

114

94%

117

$150,500

$17,607,100

382

$172,700

$185,612,500

1,075

94%

1,071

$171,600

$183,806,300

248

65%

176,800

147,080,200

832

77%

95%

830

176,000

146,036,200

93

24%

159,900

29,096,300

182

17%

93%

170

156,100

26,538,600

30

8%

156,000

6,863,300

44

4%

92%

46

154,700

7,118,100

11

3%

151,300

2,572,700

17

2%

92%

25

164,500

4,113,400

$186,000

$28,824,000

155

88%

138

$188,600

$26,021,600

277

ors)

265

$88,600

$53,863,700

608

93%

636

$85,500

$54,299,700

.)

781

$119,100

$255,410,300

2,145

96%

1,932

$110,100

$212,788,100

169

22%

95,500

33,512,700

351

16%

96%

319

88,200

28,131,100

38

5%

139,000

23,764,600

171

8%

97%

152

129,300

19,657,000

150

19%

112,000

57,704,000

515

24%

96%

436

104,200

45,416,100

55

7%

151,700

19,568,300

129

6%

97%

71

133,200

9,457,500

88

11%

102,800

26,309,600

256

12%

96%

281

99,800

28,043,600

38

5%

185,000

17,762,900

96

4%

97%

72

188,400

13,561,900

55

7%

105,400

13,391,700

127

6%

95%

128

102,400

13,110,900

122

16%

123,900

49,180,100

397

19%

96%

373

113,700

42,407,400

66

8%

5%

96%

100

130,000

13,002,600

98%

2,233

$186,600

$416,656,500

659

103 2,276

52%

147,100

165,039,100

1,122

49%

97%

1,131

138,700

156,903,500

130

20%

304,500

159,267,700

523

23%

99%

497

305,000

151,560,900

25

4%

167,500

17,424,800

104

5%

97%

84

174,900

14,690,500

38

6%

237,300

28,478,700

120

5%

97%

118

232,300

27,415,000

34

5%

226,100

23,291,000

103

5%

98%

101

222,100

22,429,000

11

1%

104,600

5,645,800

54

2%

95%

67

100,500

6,732,700

77

12%

151,600

37,910,800

250

11%

98%

235

157,100

36,924,900

955

$217,100

$646,700,400

2,979

98%

2,782

$208,700

$580,617,300

185

19%

263,900

194,222,100

736

25%

98%

673

254,700

171,394,500

57

6%

303,800

55,890,600

184

6%

97%

192

302,600

58,102,000

115

12%

295,200

93,861,600

318

11%

98%

288

275,200

79,271,000

29

3%

159,000

9,381,500

59

2%

95%

77

156,200

12,029,200

32

3%

150,600

8,736,400

58

2%

96%

58

152,800

8,861,600

52

6%

165,500

28,801,700

174

6%

96%

158

162,800

25,722,200 26,371,600

40

4%

280,400

29,164,900

104

3%

97%

89

296,300

128

14%

179,300

78,179,100

436

15%

98%

361

148,800

53,703,100

317

33%

163,100

148,462,500

910

30%

99%

886

163,800

145,162,100

$134,000

$18,229,300

136

N/A

152

$115,000

$17,482,200

109

ltors)

157

consin)

14,216,400 $437,057,900

344

QCARA)

rs)

138,000 $192,000

$136,400

$78,174,200

573

96%

500

$125,600

$62,813,500

85

54%

137,100

52,791,100

385

67%

96%

335

127,400

42,679,100

12

8%

155,100

5,582,100

36

6%

96%

27

143,000

3,860,000

52

33%

126,400

16,554,200

131

23%

95%

112

117,000

13,104,900

8

5%

4%

154,600

3,246,800

21

101%

26

121,900

3,169,500

80

$110,000

$19,355,600

176

92%

153

$109,500

$16,751,700

254

$124,000

$61,883,800

499

89%

485

$129,500

$62,814,200

r their Multiple List­ing Services. Neither the Boards nor their MLS guarantee or is in any way responsible for its accuracy. Data maintained by the Boards or their MLS may not reflect all real estate activity in the market. erged into the Iowa City MLS & data may be reflected in both markets. The Clinton MLS merged with the Quad Cities MLS. Maquoketa MLS members merged with either the Quad Cities MLS or Dubuque MLS.

RuhlHomes.com • 5


Regional New Construction Home Sales Through December Cedar Rapids Area Houses Condos/Villas Dubuque Area Houses Condos/Villas Illinois Quad Cities (Rock Island County) Houses Condos/Villas Iowa Quad Cities (Scott County) Houses Condos/Villas Iowa City Area Houses Condos/Villas Total Regional Combined

Active Inventory 12/31/13

Active Inventory 12/31/14

Active Inventory 12/31/15

% Change in Inventory from 2014

Sales 2013

Sales 2014

Sales 2015

% Change in Sales from 2014

162 102 60 37 31 6 14 3 11 112 65 47 159 105 54 484

174 105 69 49 32 17 5 2 3 119 76 43 212 100 112 559

148 94 54 40 35 5 5 1 4 79 56 23 229 102 127 501

-15% -10% -22% -18% +9% -71% 0% -50% +33% -34% -26% -47% +8% +2% +13% -10%

342 223 119 68 66 2 9 7 2 255 197 58 443 247 196 1,117

337 192 145 92 79 13 9 6 3 237 187 50 406 237 169 1,081

345 205 140 71 60 11 8 6 2 238 174 64 379 236 143 1,041

+2% +7% -3% -23% -24% -15% -11% 0% -33% 0% -7% +28% -7% 0% -15% -4%

RuhlHomes.com – A New Site for the New Year!

RuhlHomes.com has an updated site designed to make your real estate journey easier. You can now access RuhlHomes.com anytime, anywhere with the same experience on your mobile, tablet, laptop and desktop computer. You can also learn more about the process of buying and selling a home by clicking the buy or sell menu items. Here are some other updates that you’ll notice: Find out what the houses actually sold for in your neighborhood. You no longer have to estimate what homes sold for in your neighborhood. You can get a real look at what they sold for by selecting the “sold” button on the top of the search bar. Easily search and refine your 6 • RuhlHomes.com

results. Find all current active listings by using the blue search bar where you can search by city, address or area. Also, when you hit the results page, you can click “More Filters” and search by school district or lifestyle (e.g., properties near golf courses, parks and trails, etc.). Draw a custom area on the map search or start your search with your current location. Take your home search into your hands by drawing a custom shape around the area where you would like to search or select your cu rrent location. Discover and compare local communities in our region. Look on the homepage of

RuhlHomes.com to discover what is happening in the real estate market in each of our regions by visiting the “Discover Our Communities” section. Get relevant, accurate real estate information delivered to your inbox without having to log in. Click on “Get New Listings First” on the RuhlHomes.com homepage to get an email once a new home comes on the market that meets your criteria. You can also click on “Get Neighborhood Market Activity” to find out information about properties that have sold or pended in your neighborhood. Questions? Contact your Ruhl&Ruhl Realtor or email us at marketing@ruhlhomes.com.


New Housing Starts Through December

2012 2008

2013

2014

2015

Burlington Area Burlington West Burlington Cedar Rapids Area Cedar Rapids Marion Rural Linn County Hiawatha & Mechanicsville Areas Dubuque Area Dubuque East Dubuque Galena Jo Daviess County Peosta Surrounding Dubuque Area Illinois Quad Cities Moline & Coal Valley Rock Island East Moline & Hampton Colona Port Byron Geneseo Rural Rock Island County & Milan Silvis Whiteside County Iowa Quad Cities Davenport Bettendorf Rural Scott County Eldridge & Long Grove LeClaire & Princeton Blue Grass - city of Iowa City Area Iowa City Coralville North Liberty Rural Johnson County West Branch Williamsburg, Wellman & Kalona West Liberty Muscatine Area Muscatine Muscatine County Wilton Other Areas Clinton DeWitt Maquoketa, Preston & Bellevue Washington Area Total Regional Starts

18 17 1 489 251 164 58 16 363 139 2 0 43 8 171 125 18 25 5 9 1 9 25 2 31 498 128 145 93 41 83 8 472 146 63 171 65 9 18 0 32 14 16 2 37 7 9 16 5 2,034

36 32 4 514 228 188 72 26 358 107 2 1 37 19 192 134 14 12 7 24 2 2 34 8 31 711 114 169 199 51 174 4 411 174 52 93 70 8 13 1 33 4 26 3 30 4 6 15 5 2,227

23 16 7 532 321 140 51 20 296 80 7 2 27 18 162 118 20 22 1 7 1 11 41 2 13 366 71 163 61 26 34 11 442 177 30 175 49 3 8 0 37 12 18 7 52 12 14 18 8 1,866

41 27 14 611 293 190 104 24 256 76 1 5 25 10 139 89 15 12 0 5 3 10 23 3 18 372 76 158 59 34 34 11 384 138 20 136 72 4 10 4 37 12 21 4 36 9 13 12 2 1,826

Des Moines Area*

1,872

2,367

2,205

2,266

% Change 2014 vs. 2015 +78% +69% +100% +15% -9% +36% +104% +20% -14% -5% -86% +150% -7% -44% -14% -25% -25% -45% -100% -29% +200% -9% -44% +50% +38% +2% +7% -3% -3% +31% 0% 0% -13% -22% -33% -22% +47% +33% +25% +400% 0% 0% +17% -43% -31% -25% -7% -33% -75% -2% +3%

Source: Municipal offices. There may be additional new homes built which are not included with this data. *Des Moines Area is comprised of Adel, Altoona, Ankeny, Clive, Des Moines, Indianola, Johnston, Pleasant Hill, Polk City, Urbandale, Waukee, & West Des Moines.

Slight Dip in 2015 New Construction Sales & Inventory In 2015, 1,041 new homes were sold across the region, 40 fewer than in 2014. This represents a 4% decrease in unit sales. House sales dropped by 3% while 5% fewer condos were sold. Inventory of new homes was 10% less than at the end of 2014. As always, each market showed considerable variation in new home sales. For more details, please see charts on pages 6 and 7. Houses continued to represent 65% of new sales with condos at 35%. Across the region, new home sales accounted for about 1 in 10 home purchases, as opposed to 1 in 7 during the early and mid 2000s. 72% of new home sales across the region were ranch style, while 21% were 2-stories. Split foyer and split level houses showed increased popularity, as builders and buyers look to economically create needed square footage in the face of increasing construction costs. The chart below reflects an upward trend in costs/prices for both houses and condos. This trend also reflects the diminished availability of development land to support affordable new housing. Houses: Condos: Below $300K = 40% Below $200K = 53% $300-$400K = 35% $200-$300K = 37% Above $400K = 25% Above $300K = 10% Following is a brief summary of activity: CEDAR RAPIDS: With house sales up 7% and a 3% drop in condo sales, this market, up 2%, showed the only regional sales gain. Largest gains were in houses above $350K and condos above $150K. Overall inventory is down 15%, with houses down 10% and condos down 22%. Ranch sales were 88% of new house sales. New home sales in this market accounted for 1 in every 9 home sales. DUBUQUE: Following a terrific 2014, Dubuque saw sales drop by 23% in 2015. A 24% decrease in new house sales was the main reason, as house sales of $175-225K fell 59% and those above $300K dropped by 56% vs. 2014. Overall unit inventory is down 18%, with houses up 9% and condos down 71%, as compared to the end of 2014. New home sales accounted for 1 in every 17 sales in 2015, as compared with 1 in every 12.5 sales in 2014. IOWA CITY: A 7% decrease in overall sales was created by a 15% fall in condo New Construction continued on page 8 RuhlHomes.com • 7


Corporate Relocation Center 5403 Victoria Avenue, Suite 100 Davenport, IA 52807 RETURN SERVICE REQUESTED

New Construction continued from page 7

sales, as house sales in this market remained stable. Area-wide, house sales above $350K showed strong gains as large drops in condo sales in Iowa City and North Liberty accounted for the bulk of the overall market decrease. Overall unit inventory is up 8%, fueled primarily E\DLQFUHDVHLQ7LIÂżQDVQHZ development has focused there. Even with two consecutive years of falling

sales, the Iowa City market remains our strongest regional new homes market, with 1 in every 6.5 home sales. QUAD CITIES: Sales results were unchanged, with a 25% increase in condo sales offsetting a 7% decrease in house sales. Sales of condos below $225K were up 65%. With stable sales and overall unit inventory down 32%, this market enjoys the region’s best absorption rates at 3.7 months for houses and 3.9 months for

The

condos. Absorption rates indicate how long current inventory should take to sell based upon the most recent period’s sales results. In 2015, new homes in the QCA accounted for 1 in every 15.5 home sales. We don’t anticipate sharp increases in EXLOGLQJFRVWVLQEXWZLWKD¿QLWH supply of prime building sites available, the higher costs of future development, and the potential for higher interest rates, 2016 is a great time to build or buy a new home.

way to a new

career .

Let your efforts, skills and desires control your earning potential with a career in real estate! Kurt Johnson Realtor

Bettendorf Office 1228 Middle Road Bettendorf, IA 52722-3604 (563) 343-0675 KurtJohnson@RuhlHomes.com KurtJohnsonRealtor.com

Think about setting your own hours, determining your pay and starting a business.

With its exible and rewarding environment, a career in real estate could be for you!

Enjoy the comfort of a stable, successful company supporting you every step of the way.

Find out if a career in real estate is for you at JoinTheRuhlTeam.com.

Find more information at RuhlHomes.com/Careers. Follow Us Online At:

For further information or to be added to our mailing list, contact Caroline Ruhl or Veronica Pianca • 563.355.7474 5403 Victoria Avenue, Suite 100 • Davenport, Iowa 52807-3925 • CarolineRuhl@RuhlHomes.com or VeronicaPianca@RuhlHomes.com 8 • RuhlHomes.com


The way. Congratulations 2015 Award Winners TOP AWARD WINNERS

2015

Ruhl&Ruhl Realtors is proud to congratulate our 2015 company award winners. Thank you to all our clients for your business. And thank you to our associates and staff for your hard work and wonderful service.

Kurt Johnson

Top Associate of the Year

Masters Club Bettendorf Office ~ 563.343.0675 KurtJohnson@RuhlHomes.com

Lacey Welsh Top New Associate of the Year

Silver Club Davenport Office ~ 563.210.0658 LaceyWelsh@RuhlHomes.com

Nelson-Woods Real Estate Team Top Team of the Year

Masters Club • Bettendorf Office DN: 563.650.0156 ~ LW: 563.508.4676 Nelson-WoodsRealEstateTeam@RuhlHomes.com

Ray McDevitt

Top Ruhl Mortgage Associate of the Year Triple Diamond Club Bettendorf Office ~ 563.441.5228 RayMcDevitt@RuhlHomes.com

Ken Paper

Janet Munck

Top Associate of the Year - Farm Division

Extraordinary Production Award

Sean Eckhardt

Tim Sampiller

Double Diamond Club Davenport Office ~ 563.441.5161 KenPaper@RuhlLand.com

Top Community Involvement of the Year Diamond Club Davenport Office ~ 563.441.5255 SeanEckhardt@RuhlHomes.com

Masters Club Clinton Office ~ 563.243.0627 Muncks’@RuhlHomes.com

Employee of the Year

Brand & Marketing Specialist Corporate Office ~ 563.441.5108 TimSampiller@RuhlHomes.com

Our Clients Come First!

Harry Blewett

Top Excellence in Service Award

Platinum Club Dubuque Office ~ 563.542.1904 HarryBlewett@RuhlHomes.com

“We are committed to providing our clients their best real estate experience ever. Our agents and staff are passionate about great customer service. The Ruhl&Ruhl Difference is found in the compassion, expertise and commitment of our people.”

RuhlHomes.com/News


Achievem

2015 Masters Club Aaron Healey

Kurt Johnson

Janet Munck

Sharon Tahere

Top Associate Extraordinary Production Top Lister; Top Sales; Top Sales Award; Top Lister; of the Year; Top Ruhl Mortgage & Bettendorf Office Lister; Excellence Top Sales; Top Referral AHS Award Associate; Ruhl Mortgage & in Service Dubuque Office Bettendorf Office AHS Award • Clinton Office

Nelson-Woods Real Estate Team

Triple Diamond Club

Ryan Anglese Dubuque Office

Top Team of the Year Bettendorf Office

Jane Bauman AHS Award Bettendorf Office

Sara Carlson

Top Lister; Top Sales; AHS Award Muscatine Office

Diamond Club Joe Lindsay

Bettendorf Office

Tim Martin

Bettendorf Office

Jill Monnahan Marna Nowack

Top Sales; Bettendorf Office Excellence in Service; AHS Award Cedar Rapids Office

Ken Paper

Top Associate of the Year - Farm Division Davenport Office

Brent Scogland Gary Williams Bettendorf Office

Kim Broders

Top Sales: Excellence in Service; Nelson Brothers Award; Ruhl Mortgage & AHS Award • DeWitt Office

Moline Office

Callie Brown

Dubuque Office

Platinum Club Greg Rediger

Nancy McElhiney

Bettendorf Office

Wendi Ingram

Darcy Jacks

Bettendorf Office

Excellence in Service Muscatine Office

Excellence in Service Moline Office

Kyle Robinson Candy Shamsie Top Sales Davenport Office

Bob Kelly AHS Award Moline Office

Dennis Stolk

Jeff Wehr

Nelson Brothers Award Moline Office

Davenport Office

Bettendorf Office

Sally Kent

LuAnn Lavine

Alicia Lillyblade

Bettendorf Office

Moline Office

Davenport Office

Pam Wendt Moline Office

Lisa Maller

Debbie White

Jared Althoff

Moline Office

Dubuque Office

Tiffany Mangler Mike McManus

Nelson Brothers Top Lister; Top Sales; Top Referral Excellence in Service; Award Associate Ruhl Mortgage & Bettendorf Office Davenport Office AHS Award Maquoketa Office

Kathy Meyer Moline Office

Gold Club Ron Whan

Kim Wilkins

Bettendorf Office

Davenport Office

Melissa Korte

Peg Kreutner

Bettendorf Office

Paul Ellis

Iowa City Office

Cedar Rapids Office

Barb Falk

Bettendorf Office

Tammy Williams

Rick Berg

Moline Office

Bettendorf Office

Ray Lind

Moline Office

Julie Flater

Dubuque Office

Kate Lockett

Lisa Lynes

Bettendorf Office

Iowa City Office

Ann Gavin

Sky Huston

Cedar Rapids Office

Moline Office

Gary Bettenhausen

Bettendorf Office

Iowa City Office

Shirley Masterson

Jolean Overton-Austin

Bettendorf Office

Jan Jaeger

Connie Kassewitz

Bettendorf Office

Ruhl Mortgage Award Moline Office

Ruhl Mortgage Award Burlington Office

Moira Brown

Davenport Office

Bettendorf Office

Jim Cannon

Tracy Rogers

Barb Cartwright

Moline Office

Debbie Sellers Moline Office

Lyndsay Krings Brian Krueger Ruhl Mortgage Award Muscatine Office

Iowa City Office

Merlin Conrad AHS Award DeWitt Office

Mike Tanner

Bettendorf Office

Jerry Lancaster

Moline Office


ment Clubs Connie Coster Bettendorf Office

Lesa Buck

Top Lister Davenport Office

Nancy Billups

Jon Loquist

Ray McDevitt

Top Lister Moline Office

Top Ruhl Mortgage Associate of the Year Bettendorf Office

Morse Burington

Marybeth Chupka

Nelson Brothers Award Muscatine Office

Jim Blaine

2015 Double Diamond Club

Top Lister; Nelson Brothers & Ruhl Mortgage Award Cedar Rapids Office

Sean Eckhardt

Top Community Bettendorf Office Involvement of the Year; Excellence in Service; Ruhl Mortgage & AHS Award • Davenport Office

Harry Blewett

Jim Farber

Bettendorf Office

Holly Lovell

Dubuque Office

Bettendorf Office

Otto Nobis

Sheri & Greg Paper

Cassandra Ryan

Barbara Scott

Marc Simpson

Pete Stopulos-

Heather Hawkinson

LaTisha Howlett

Beth RobertsonJackson

Top Referral Associate Dubuque Office

Nelson Brothers Award Davenport Office

Bettendorf Office

Davenport Office

Kathy Carpenter

Sabrina Chandler

Shan Corelis

Wendy Corzatt

Marie Schulte

Gina Rowland / Kate Franzen Bettendorf Office

Davenport Office

Bettendorf Office

Jodi Furnald

Stan Goodyear

Burlington Office

Davenport Office

Steve Hart

Jane Mason

Top Lister; Top Referral Associate DeWitt Office

Property Management

Davenport Office

Mary Dircks

Top Referral Associate Muscatine Office

Top Referral Associate Cedar Rapids Office

Angie Fullmer

Craig Newcomb

Bettendorf Office

Kathy Louvar

Top Lister; Top Sales Washington Office

Karl Dolter

Mark Miller

Jeff Dellitt

Granberg/ Streeter Team

The Home Team Peg Hopkins Bettendorf Office Advantage

Dubuque Office

Kelley Myers

Moline Office

Bettendorf Office

Moline Office

Bettendorf Office

Top Lister; AHS Award Iowa City Office

Tina DeMay

Stephanie Graham

Scott Egger

Top Sales Moline Office

Davenport Office

Top Excellence in Service Award Dubuque Office

Bettendorf Office

Top Referral Associate Moline Office

Penny Egert

Shueree Boley

Nelson Brothers Award Dubuque Office

Top Sales; Excellence in Service Burlington Office

Paula Firth

Dan Dolan

Davenport Office

Emilie Blindt

Bettendorf Office

Iowa City Office

Alan BrocketteBeth Brockette

Top Sales; Excellence Megan Stopulos Top Lister; in Service; Top AHS Award Davenport Office Burlington Office Referral Associate; Nelson Brothers Award Iowa City Office

Bob Hilbert

Davenport Office

Lindsay Thiel

Davenport Office

Regen Johnson

Silver Club Denny Wachs Ruhl Mortgage Award Iowa City Office

Karl Larsen

Iowa City Office

Kris Whalen

Eric Bartelt

Carole Benson

Clinton Office

Muscatine Office

Maureen Linnabery

Roxie Mitchell Cherokee Render Randy Richter

Moline Office

New Associate of the Year Iowa City Office

Cedar Rapids Office

Cedar Rapids Office

Cedar Rapids Office

Mona Asbell Burbach

Dubuque Office

Cedar Rapids Office

Davenport Office

Ashley Rowe

Phyllis Roxlau

Lisa Schaeffer

New Associate of the Year Moline Office

Burlington Office

Moline Office

Moline Office

Cedar Rapids Office

Nelson Brothers Award Burlington Office

Gwen Schwindt

Bettendorf Office


Achievement Clubs - continued

2015

Janel Shimak Cedar Rapids Office

Raymond Siddell

Cedar Rapids Office

Elaine Smithson

Scott Spalding Maquoketa Office

Muscatine Office

Muscatine Office

JJ Condon

Dylan Diedrich

Hannah Dolash

Eva Dondanville

Davenport Office

Bettendorf Office

Davenport Office

Joe Janssen

Malisa Kothe

LeighAnne Kerr

Kim Linnenkamp

Top Referral Associate; AHS Award Maquoketa Office

Suzi Webb

Steve Welk

Lacey Welsh

2015

Top New Associate of the Year Davenport Office

Kathy Winner Dubuque Office

Lisa Zeimet

Davenport Office

Bronze Club Liz Abramsky

Roger Freitag

Dubuque Office

Davenport Office

Don Gibeault

Fred Harris, Jr.

Davenport Office

Davenport Office

Michelle Lochner & Mike Havlik

Muscatine Office

Austin Maas

Joni Paaske

Randy Peters

Bettendorf Office

Pam Stewart Clinton Office

Jenny Hobbs

Bettendorf Office

Bettendorf Office

Ouida Maddox

Lindsay Morhardt

Moline Office

Cedar Rapids Office

Bettendorf Office

New Associate of the Year DeWitt Office

Nikki Preston New Associate of the Year Clinton Office

Mary Tharp Moline Office

Excellence in Service Clinton Office

Diane Hughes Davenport Office

Kelly Mortensen

New Associate of the Year Dubuque Office

Moline Office

Doris MosleyJohnson

Nelson Brothers Award Clinton Office

Muscatine Office

Burlington Office

Laura Reynolds

Stephanie Rodruck

Leslie Roland

Davenport Office

Lisa VanderBleek

Bettendorf Office

Bettendorf Office

Jake Ward

Moline Office

Davenport Office

Carol Bridgewater Warner Cedar Rapids Office

Greg Cotton

Pam DeVore

Glenn Eakes

New Associate of the Year; Top Referral Associate Burlington Office

Kim Mueller

Jeanne Eble

Dubuque Office

Liz Nash

Bettendorf Office

Clinton Office

Betty Roudybush

Krisha Saldivar

Muscatine Office

Bridgette Wedekind

Bettendorf Office

Bev Fedje

Washington Office

Chris Nixon Clinton Office

Jude Steil Top Referral Associate Bettendorf Office

Muscatine Office

Jeremiah Westerfield

Bettendorf Office

Bettendorf Office

Nettie Willey

Tim Sampiller

Amanda Hodge

Wayne Kreutner

Additional Award Winners Anna Wilson Cedar Rapids Office

Andy Yohe

New Associate of the Year Bettendorf Office

Nelson Brothers Award Ruhl Mortgage Davenport Office

New Associate of the Year Muscatine Office

Employee of the Year Corporate Office

Top Referral Associate Corporate Office

New Associate of the Year Cedar Rapids Office

Kurt johnson bettendorf office winter 2016  
Kurt johnson bettendorf office winter 2016