2013 Regional Real Estate Activity Through December
Average 2013 Sales Price
% Change in Average Sales Price from 2012
$112,200 $166,800 $101,600 $144,400 $160,600 $171,200 $107,900 $179,000 $206,500 $108,900 $130,400 $112,400 $96,500
+8% +3% -2% -6% -2% -3% -3% +1% +7% -8% +2% -2% -5%
Burlington Area Cedar Rapids Area Clinton/Camanche/Fulton DeWitt Dubuque Area Galena & Surrounding Area Illinois Quad Cities Iowa Quad Cities Iowa City Area Maquoketa/Preston/Bellevue Muscatine/Wilton Area Southwest Wisconsin Washington Area
2013 Number Sold
581 4,199 438 105 1,046 135 1,930 2,344 2,825 171 515 475 152
% Change in Number Sold from 2012
+11% +10% -5% -11% -6% -7% +7% +8% +8% +27% +6% +7% -1%
2013 Sales Volume
$65,180,500 $700,339,500 $44,512,100 $15,164,400 $167,956,000 $23,112,900 $208,276,000 $419,618,900 $583,242,200 $18,622,800 $67,167,200 $53,386,800 $14,668,300
% Change in Sales Volume from 2012
+19% +16% -7% -16% -8% -10% +4% +9% +16% +16% +9% +4% -6%
Active Listing Count 2013
242 1,631 272 39 376 318 895 671 903 92 215 347 92
% Change in Active Listings from 2012
-13% -5% -13% +26% -18% -6% +7% -4% -9% +15% -9% +9% -19%
Months of Inventory
5.5 6.1 8.4 5.3 4.8 29.5 6.1 4.2 6.2 8.1 4.7 10.6 5.3
Summary of Regional Real Estate Activity Burlington Area
Listing Inventory: There are 242 properties for sale in Burlington, Iowa and the surrounding area, 13% fewer than the same time last year when there were 279 properties listed. Properties Sold: There was an 11% increase in the number of residential properties sold in 2013, comparing 526 sales in 2012 to 581 sales in 2013. Average Sales Price: The average sales price was $112,200 in 2013, 8% higher than the 2012 average sales price of $104,000. Residential Sales Volume: Sales volume was up 19%, an increase from $54,695,900 in 2012 to $65,180,500 in 2013.
there were 1,718 properties listed. Properties Sold: In 2013, 4,199 properties sold and closed, 10% more than the 3,825 properties that sold in 2012. Average Sales Price: The average sales price was $166,800 in 2013, 3% more than the average sales price of $162,500 in 2012. Residential Sales Volume: Residential sales volume increased 16%, from $603,914,200 in 2012 to $700,339,500 in 2013.
Clinton, Camanche & Fulton
Cedar Rapids Area
$65,180,500
$54,695,900
$112,200
$104,000
581
526
242
279
Listing Inventory: There are 13% fewer properties listed for sale in the Clinton, Camanche and Fulton area; comparing 272 properties currently for sale to 312 listings for sale at the same time last year. Burlington Area 2013 Properties Sold: A total of 438 2013 2012 2013 2012 properties sold in 2013, 5% less than in 2012 2013 2012 2012 when 463 properties sold. Average Sales Price: The average sales price in 2013 was $101,600, 2% less than the 2012 average sales price of $103,300. Residential Sales Volume: Sales shrank 7%, from $47,806,300 in 2012 Listing Properties Average Residential Inventory Sold Sales Price Sales Volume to $44,512,100 in 2013. This follows a 22% increase from 2011 to 2012.
Listing Inventory: There are 1,631 residential properties currently listed for sale in the Cedar Rapids area, 5% less than the same time last year when 2 • RuhlHomes.com
DeWitt
Listing Inventory: DeWitt’s listing inventory is up 26%, from 31 properties listed for sale last year to 39 properties currently for sale.
Properties Sold: 105 properties sold and closed in 2013, a decrease of 11% from 2012, when 118 properties sold. Average Sales Price: The average sales price of homes sold in 2013 was $144,400, 6% less than in 2012 when the average sales price was $153,000. Residential Sales Volume: Sales volume decreased 16% in 2013, from $18,055,300 in 2012 to $15,164,400 in 2013.
Dubuque Area
Listing Inventory: There are 376 residential properties currently listed for sale in the Dubuque region, 18% less than the same time last year when there were 457 properties for sale. This follows a 19% decrease from 2011 to 2012. Properties Sold: 6% fewer properties sold and closed in 2013, a decrease from 1,111 closings in 2012 to 1,046 closings in 2013. Average Sales Price: The average sales price of homes sold in 2013 was $160,600, 2% less than the 2012 average sales price of $164,600. Residential Sales Volume: Sales volume in 2013 was $167,956,000, down 8% from $182,897,100 in 2012.
Galena & Surrounding Area
Listing Inventory: There are 318 properties for sale in Galena, Illinois and the surrounding area; 6% fewer than the same time last year when there were 337 properties for sale.
Summary continued on page 3