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Posts from April 2010
Ruhl&Ruhl REALTORS
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April
28
28
Ruhl&Ruhl Outsells Mel Foster Company
For the first time ever, Ruhl&Ruhl REALTORS, the residential company, outsold Mel Foster Company in sales volume for the year of 2009. According to the Real Trends 500 Report, Ruhl&Ruhl was ranked 174th nationally based on sales volume. There are over 8,000 real estate companies in the country. Mel Foster Co. was ranked 178th. Ruhl&Ruhl's residential sales volume in 2009 was $547,890,896 and the company had 3,770 transactions, at an average sales price of $145,329. On average, Ruhl&Ruhl sales associates sold 16.1 properties per agent in 2009, as either the listing agent or selling agent. Mel Foster reported their residential sales volume in 2009 was $532,828,648 and they did 3,939 transactions, averaging $141,334 per deal. This equated to "almost 14 deals per agent," according to their press release in the Quad City Times
April
20
20
A Strong Start to the New Year - Scott & Rock Island Counties New Construction Report
Residential new construction in Scott County is off to a promising start. First quarter figures revealed that closed sales of both new houses and new condos were up slightly over the same period in 2009, yielding an overall 13.5% increase in unit sales. At the same time, pended new construction residential sales in the month of March more than doubled those of March 2009. House sales were particularly strong in the $175,000-$300,000 price range, where closed sales were up 60% from 2009. Meanwhile, sales of homes priced above $400,000 remained unchanged. Due to lack of inventory, no house sales under the $175,000 level were recorded in the Multiple Listing Service. Lack of saleable inventory is also evident in other price ranges, as Scott County's new house inventory dropped 45% when compared to the 3/31/2009 inventory. Condo sales were a...
April
20
20
North Liberty Dominates Iowa City Area New Construction
A review of the Iowa City area residential new construction market statistics for the first quarter of the year reveals that North Liberty continues to lead the way in unit sales, reporting 66% of the overall new home sales in the area, while Iowa City maintained a 14.6% market share with Coralville-Tiffin closing 12.1% of sales and the remaining outlying areas enjoying a 7.3% share of the new home market. North Liberty's sales amounted to 50% of all the new houses and 69% of all new condos sold, with no change in overall unit sales, when compared to 2009. Overall unit sales in the market dropped by 18%, compared with 2009. Of all closed new house sales, 81% were under $300,000, while 88% of condos sold were under $250,000. House sales dropped by 11% and condo sales by 22% from last year, as condo sales represented about 60% of the unit sales. I...
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