Apr. 1, 2008 -
Here is where you will find current information on recent sales in the Iowa Great Lakes Area. I will update this information several times per month so be sure to stop back often. If you'd like more detailed information on specific properties or would like to know the current estimated market value of your property, please email me directly at:
 mailto:MarketTrends@DawnLefevre.com
MARKET TRENDS 4/1/2008
CURRENTLY ON THE MARKET
- 1010 Total Properties
- High Price $3,495,000
- Average Price $278,476
- Average Days on Market 306
YEAR-TO-DATE SOLD
69 Total Properties
High Price $895,000
Average Price $171,540
Average Days on Market 222
WEST LAKE SOLD (YEAR-TO-DATE)*
3 Properties Sold for a Total of $1,674,500
Average West Lake Selling Price $558,167
EAST LAKE SOLD (YEAR-TO-DATE)*
8 properties Sold for a total of $2,345,700
Average East Lake selling price $293,212
BIG SPIRIT LAKE (YEAR-TO-DATE)*
2 Properties Sold for a Total of $410,000
Average Big Spirit Lake Selling Price $205,000
CONDOS CURRENTLY ON THE MARKET
190 Total Units
Lowest Price = $40,000 - Highest Price = $1,495,000
111 East Lake Units
1 Off East Lake Units
17 West Lake Units
5 Off West Lake Units
6 Big Spirit Lake Units
3 Other Lake Shore Units
CONDOS SOLD YEAR-TO-DATE
17 Condo Units Sold
*Lake sales figures include condo sales & properties on Leased Land, as well as vacant land. (Figures based on MLS statistics on above date.)
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Aug. 13, 2007 - Year Comparison
Took a look at some numbers this morning... with all of the increase in Condos in the lakes area as well as "New Listings"; hope you find the below numbers interesting.
January - July 2007*
NUMBER OF SOLD LISTINGS down 33
MEDIAN SALE PRICE down 32.43%
NUMBER OF NEW LISTINGS up 104
MEDIAN LIST PRICE up 24.87%
Basically - an Increase in Listings over last year at this time, Higher List price with Less Sales and Lower Sales Price. All this equals a Buyers Market! Contrary to what consumers might believe, this is no time to sell "For Sale By Owner". With greater options for qualified buyers, your home needs a qualified REALTOR to represent you. Be sure to contact me for information on buying or selling your home. I'm here to help!
*Numbers represent a comparison of 2006 over 2007 for the same time period based on MLS Statistics 8/13/07
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Jul. 26, 2007 - Market Trends
Here is where you will find current information on recent sales in the Iowa Great Lakes Area. I will update this information several times per month so be sure to stop back often. If you'd like more detailed information on specific properties or would like to know the current estimated market value of your property, please email me directly at:
mailto:MarketTrends@DawnLefevre.com
MARKET TRENDS 7/26/2007
CURRENTLY ON THE MARKET
- 1157 Total Properties
- High Price $4,950,000
- Average Price $240,893
- Average Days on Market 271
YEAR-TO-DATE SOLD
307 Total Properties
High Price $2,800,000
Average Price $221,861
Average Days on Market 196
WEST LAKE SOLD (YEAR-TO-DATE)*
34 Properties Sold for a Total of $20,157,565
Average West Lake Selling Price $592,869
EAST LAKE SOLD (YEAR-TO-DATE)*
34 properties Sold for a total of $13,324,160
Average East Lake selling price $391,887
BIG SPIRIT LAKE (YEAR-TO-DATE)*
4 Properties Sold for a Total of $1,346,500
Average Big Spirit Lake Selling Price $336,625
CONDOS CURRENTLY ON THE MARKET
223 Total Units
Lowest Price = $25,000 - Highest Price = $1,495,000
128 East Lake Units
1 Off East Lake Units
21 West Lake Units
4 Off West Lake Units
7 Big Spirit Lake Units
0 Other Lake Shore Units
CONDOS SOLD YEAR-TO-DATE
47 Condo Units Sold
*Lake sales figures include condo sales & properties on Leased Land, as well as vacant land. (Figures based on MLS statistics on above date.)
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- Market Trends
Here is where you will find current information on recent sales in the Iowa Great Lakes Area. I will update this information several times per month so be sure to stop back often. If you'd like more detailed information on specific properties or would like to know the current estimated market value of your property, please email me directly at:
mailto:MarketTrends@DawnLefevre.com
MARKET TRENDS 4/17/2007
CURRENTLY ON THE MARKET
- 1010 Total Properties
- High Price $4,950,000
- Average Price $217,240
- Average Days on Market 296
YEAR-TO-DATE SOLD
100 Total Properties
High Price $1,765,000
Average Price $205,782
Average Days on Market 165
100 total properties
WEST LAKE SOLD (YEAR-TO-DATE)*
9 Properties Sold for a Total of $4,958,500
Average West Lake Selling Price $550,944
EAST LAKE SOLD (YEAR-TO-DATE)*
10 properties Sold for a total of $4,233,979
Average East Lake selling price $423,397
BIG SPIRIT LAKE (YEAR-TO-DATE)*
1 Properties Sold for a Total of $22,000
Average Big Spirit Lake Selling Price $22,000
CONDOS CURRENTLY ON THE MARKET
183 Total Units
Lowest Price = $84,900 - Highest Price = $1,495,000
101 East Lake Units
1 Off East Lake Units
19 West Lake Units
6 Off West Lake Units
4 Big Spirit Lake Units
1 Other Lake Shore Units
*Lake sales figures include condo sales & properties on Leased Land, as well as vacant land. (Figures based on MLS statistics on above date.)
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Feb. 22, 2007 - Market Trends
Here is where you will find current information on recent sales in the Iowa Great Lakes Area. I will update this information several times per month so be sure to stop back often. If you'd like more detailed information on specific properties or would like to know the current estimated market value of your property, please email me directly at:
mailto:MarketTrends@DawnLefevre.com
MARKET TRENDS 2/22/2007
CURRENTLY ON THE MARKET
YEAR-TO-DATE SOLD
WEST LAKE SOLD (YEAR-TO-DATE)*
-
2 properties sold for a total of $1,288,000
-
Average West Lake selling price $644,000
EAST LAKE SOLD (YEAR-TO-DATE)*
- 5 properties sold for a total of $1,969,500
- Average East Lake selling price $393,900
BIG SPIRIT LAKE (YEAR-TO-DATE)*
CONDOS CURRENTLY ON THE MARKET
180 Total Units
Lowest Price = $99,900 - Highest Price = $1,495,000
98 East Lake Units
1 Off East Lake Units
15 West Lake Units
8 Off West Lake Units
3 Big Spirit Lake Units
2 Other Lake Shore Units
*Lake sales figures include condo sales & properties on Leased Land, as well as vacant land. (Figures based on MLS statistics on above date.)
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Feb. 3, 2007 - Market Trends
Here is where you will find current information on recent sales in the Iowa Great Lakes Area. I will update this information several times per month so be sure to stop back often. If you'd like more detailed information on specific properties or would like to know the current estimated market value of your property, please email me directly at:
mailto:MarketTrends@DawnLefevre.com
MARKET TRENDS 2/3/2007
CURRENTLY ON THE MARKET
YEAR-TO-DATE SOLD
WEST LAKE SOLD (YEAR-TO-DATE)*
-
2 properties sold for a total of $1,288,000
-
Average West Lake selling price $644,000
EAST LAKE SOLD (YEAR-TO-DATE)*
- 5 properties sold for a total of $949,500
- Average East Lake selling price $316,500
BIG SPIRIT LAKE (YEAR-TO-DATE)*
CONDOS CURRENTLY ON THE MARKET
157 Total Units
Lowest Price = $99,900 - Highest Price = $1,495,000
78 East Lake Units
1 Off East Lake Units
14 West Lake Units
8 Off West Lake Units
3 Big Spirit Lake Units
1 Other Lake Shore Units
*Lake sales figures include condo sales & properties on Leased Land, as well as vacant land. (Figures based on MLS statistics on above date.)
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Jan. 23, 2007 - Who's spending all the money on Real Estate?
According to NAR, the number of sellers who were at least 45 years
old or older in 2006 was 54 percent. This is the same percentage as
for 2005. This means that Boomer activity has remained consistent.
Furthermore, the age at which people reach their peak spending is
46.5. The largest proportion of Boomers was born in 1960; 2006 was the
year this group should have hit its spending peak. This may partially
account for why the market has been so strong for the last seven years
as the bulk of the Boomers moved through their peak spending years.
The current statistics also demonstrate that the prime time to
purchase a second home is when the buyer is between the ages of 50 and
60. Currently, many Boomers are purchasing second homes in the Sunbelt
with the idea of trying out the lifestyle while they are still
working. When they retire, they will sell their big family home and
make their second home their primary residence.
Copyright (c) 1996-2007, RealEstateCoach.com and Teleclass4U.com,
LLC. All rights reserved. Permission is granted to reproduce, copy or
distribute RealClues as long as this copyright notice and full
information about contacting the contributors to this newsletter is
attached.
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Jan. 11, 2007 - YEAR END MARKET STATS
YEAR END MARKET STATS - COMPARISON 2005 - 2006
Below are the year-end stats for properties within the Lakes Area MLS. Information is based on MLS stats 1/1/2005 thru 12/31/2006. You can see from the below numbers that all property values continue to increase and total sales remain strong. Days on market for sold properties remain relatively stable as well. If you'd like more detailed information or would like to discuss your opportunity for investments in and around the Iowa Great Lakes Region, please feel free to contact me directly.
PROPERTY ON MARKET AT YEAR-END
2005 - 230 2006 - 898
Highest Priced: 2005 - $779,000 2006 - $6,400,000
Avg. Asking Price: 2005 - $83,000 2006 - $194,778
Avg. Days on Market: 2005 - 693 2006 - 291
YEAR-END TOTAL SOLD
2005 - 837 2006 - 569
Highest Sold: 2005 - $1,425,000 2006 - $3,530,032
Avg. Price Sold: 2005 - $181,703 2006 - $235,627
Avg. Days on Market Sold: 2005 - 212 2006 - 219
WEST LAKE SOLD
2005 - 49 properties sold for a total of $30,867,265
Avg. West Lake Selling Price $629,944
2006 - 48 properties sold for a total of $31,491,300
Avg. West Lake Selling Price $656,068
EAST LAKE SOLD
2005 - 92 properties sold for a total of $30,569,764
Avg. East Lake Selling Price $332,280
2006 - 74 properties sold for a total of $31,245,060
Avg. East Lake Selling Price $422,230
BIG SPIRIT LAKE
2005 - 24 properties sold for a total of $6,949,900
Avg. Big Spirit Selling Price $289,579
2006 - 22 properties sold for a total of $8,719,400
Avg. Big Spirit Selling Price $396,336
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- MARKET TRENDS 12/5/06
Here is where you will find current information on recent sales in the Iowa Great Lakes Area. I will update this information several times per month so be sure to stop back often. If you'd like more detailed information on specific properties or would like to know the current estimated market value of your property, please email me directly at:
mailto:MarketTrends@DawnLefevre.com
MARKET TRENDS 12/05/2006
CURRENTLY ON THE MARKET
-
894 total properties
-
Highest price $12,500,000
-
Average price $224,245
-
Average days on market 278
YEAR-TO-DATE SOLD
WEST LAKE SOLD (YEAR-TO-DATE)*
-
46 properties sold for a total of $30,421,300
-
Average West Lake selling price $661,332
EAST LAKE SOLD (YEAR-TO-DATE)*
- 70 properties sold for a total of $29,985,241
- Average East Lake selling price $428,360
BIG SPIRIT LAKE (YEAR-TO-DATE)*
-
21 properties sold for a total of $8,091,400
-
Average Big Spirit selling price $381,876
CONDOS CURRENTLY ON THE MARKET
155 Total Units
Lowest Price = $99,000 - Highest Price = $12,500,000
75 East Lake Units
1 Off East Lake Units
16 West Lake Units
10 Off West Lake Units
3 Big Spirit Lake Units
*Lake sales figures include condo sales & properties on Leased Land, as well as vacant land. (Figures based on MLS statistics on above date.)
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Oct. 2, 2006 - MARKET TRENDS 10-2-2006
Here is where you will find current information on recent sales in the Iowa Great Lakes Area. I will update this information several times per month so be sure to stop back often. If you'd like more detailed information on specific properties or would like to know the current estimated market value of your property, please email me directly at:
mailto:MarketTrends@DawnLefevre.com
MARKET TRENDS 10/02/2006
CURRENTLY ON THE MARKET
YEAR-TO-DATE SOLD
WEST LAKE SOLD (YEAR-TO-DATE)*
-
42 properties sold for a total of $28,796,300
-
Average West Lake selling price $685,626
EAST LAKE SOLD (YEAR-TO-DATE)*
- 63 properties sold for a total of $28,037,241
- Average East Lake selling price $445,035
BIG SPIRIT LAKE (YEAR-TO-DATE)*
-
18 properties sold for a total of $5,721,400
-
Average Big Spirit selling price $317,855
CONDOS CURRENTLY ON THE MARKET
172 Total Units
Lowest Price = $79,000 - Highest Price = $1,495,000
76 East Lake Units
1 Off East Lake Units
17 West Lake Units
9 Off West Lake Units
3 Big Spirit Lake Units
*Lake sales figures include condo sales & properties on Leased Land, as well as vacant land. (Figures based on MLS statistics on above date.)
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- MARKET TRENDS 9/18/06
Here is where you will find current information on recent sales in the Iowa Great Lakes Area. I will update this information several times per month so be sure to stop back often. If you'd like more detailed information on specific properties or would like to know the current estimated market value of your property, please email me directly at:
mailto:MarketTrends@DawnLefevre.com
** Added this week are the CONDO STATS. We've seen quite a bit of condo activity this summer and many of you have asked for this information to be included. Keep the requests coming. This is your Newsletter! Thank you for your input.
MARKET TRENDS 9/18/2006
CURRENTLY ON THE MARKET
YEAR-TO-DATE SOLD
WEST LAKE SOLD (YEAR-TO-DATE)*
-
40 properties sold for a total of $26.571,300
-
Average West Lake selling price $664,282
EAST LAKE SOLD (YEAR-TO-DATE)*
- 62 properties sold for a total of $24,507,209
- Average East Lake selling price $395,277
BIG SPIRIT LAKE (YEAR-TO-DATE)*
-
16 properties sold for a total of $5,321,400
-
Average Big Spirit selling price $332,587
CONDOS CURRENTLY ON THE MARKET
172 Total Units
Lowest Price = $59,900 - Highest Price = $1,495,000
71 East Lake Units
2 Off East Lake Units
17 West Lake Units
9 Off West Lake Units
4 Big Spirit Lake Units
*Lake sales figures include condo sales & properties on Leased Land, as well as vacant land. (Figures based on MLS statistics on above date.)
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Aug. 22, 2006 - Condo Stats
CONDO-MANIA!
With all of the current condo activity, here's a bit of Condo Stats - the below numbers represent Condos currently "active" on the Lakes Area MLS as of 8/22/2006
178 Condos currently on the Market
19 of which are on West Lake
9 with West Lake Access
67 on East Lake
4 with East Lake Access &
4 Condos located on Big Spirit Lake
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Aug. 22, 2006 - MARKET TRENDS 8/22/2006
Here is where you will find current information on recent sales in the Iowa Great Lakes Area. I will update this information several times per month so be sure to stop back often. If you'd like more detailed information on specific properties or would like to know the current estimated market value of your property, please email me directly at:
mailto:MarketTrends@DawnLefevre.com
MARKET TRENDS 8/22/2006
CURRENTLY ON THE MARKET
YEAR-TO-DATE SOLD
WEST LAKE SOLD (YEAR-TO-DATE)*
-
34 properties sold for a total of $25,821,300
-
Average West Lake selling price $677,229
EAST LAKE SOLD (YEAR-TO-DATE)*
- 55 properties sold for a total of $22,160,000
- Average East Lake selling price $388,085
BIG SPIRIT LAKE (YEAR-TO-DATE)*
-
11 properties sold for a total of $4,673,300
-
Average Big Spirit selling price $407,627
*Lake sales figures include condo sales & properties on
Leased Land, as well as vacant land.
(Figures based on MLS statistics on above date.)
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Aug. 3, 2006 - Market Trends 8/3/2006
Here is where you will find current information on recent sales in the Iowa Great Lakes Area. I will update this information several times per month so be sure to stop back often. If you'd like more detailed information on specific properties or would like to know the current estimated market value of your property, please email me directly at:
mailto:MarketTrends@DawnLefevre.com
MARKET TRENDS 8/3/2006
CURRENTLY ON THE MARKET
YEAR-TO-DATE SOLD
WEST LAKE SOLD (YEAR-TO-DATE)*
-
32 properties sold for a total of $21,152,800
-
Average West Lake selling price $661,025
EAST LAKE SOLD (YEAR-TO-DATE)*
- 48 properties sold for a total of $18,075,809
- Average East Lake selling price $376,579
BIG SPIRIT LAKE (YEAR-TO-DATE)*
-
9 properties sold for a total of $3,389,900
-
Average Big Spirit selling price $376,655
*Lake sales figures include condo sales & properties on
Leased Land, as well as vacant land.
(Figures based on MLS statistics on above date.)
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Jul. 10, 2006 - Market Trends 7/10/06
Here is where you will find current information on recent sales in the Iowa Great Lakes Area. I will update this information several times per month so be sure to stop back often. If you'd like more detailed information on specific properties or would like to know the current estimated market value of your property, please email me directly at:
mailto:MarketTrends@DawnLefevre.com
MARKET TRENDS 7/10//06
CURRENTLY ON THE MARKET
YEAR-TO-DATE SOLD
WEST LAKE SOLD (YEAR-TO-DATE)*
-
28 properties sold for a total of $17,897,800
-
Average West Lake selling price $639,207
EAST LAKE SOLD (YEAR-TO-DATE)*
- 40 properties sold for a total of $14,811,309
- Average East Lake selling price $370,282
BIG SPIRIT LAKE (YEAR-TO-DATE)*
-
9 properties sold for a total of $3,389,900
-
Average Big Spirit selling price $376,655
*Lake sales figures include condo sales & properties on
Leased Land, as well as vacant land.
(Figures based on MLS statistics on above date.)
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Jun. 22, 2006 - Market Trends 6/22/06
Here is where you will find current information on recent sales in the Iowa Great Lakes Area. I will update this information several times per month so be sure to stop back often. If you'd like more detailed information on specific properties or would like to know the current estimated market value of your property, please email me directly at:
mailto:MarketTrends@DawnLefevre.com
MARKET TRENDS 6/22/06
CURRENTLY ON THE MARKET
YEAR-TO-DATE SOLD
WEST LAKE SOLD (YEAR-TO-DATE)*
-
23 properties sold for a total of $13,700,200
-
Average West Lake selling price $595,660
EAST LAKE SOLD (YEAR-TO-DATE)*
- 37 properties sold for a total of $13,817,509
- Average East Lake selling price $373,446
BIG SPIRIT LAKE (YEAR-TO-DATE)*
-
8 properties sold for a total of $2,919,900
-
Average Big Spirit selling price $364,987
*Lake sales figures include condo sales & properties on
Leased Land.
(Figures based on MLS statistics on above date.)
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Jun. 8, 2006 - MARKET TRENDS 06/08/06
Here is where you will find current information on recent sales in the Iowa Great Lakes Area. I will update this information several times per month so be sure to stop back often. If you'd like more detailed information on specific properties or would like to know the current estimated market value of your property, please email me directly at:
mailto:MarketTrends@DawnLefevre.com
MARKET TRENDS 6/08/06
CURRENTLY ON THE MARKET
YEAR-TO-DATE SOLD
WEST LAKE SOLD (YEAR-TO-DATE)*
-
23 properties sold for a total of $13,700,200
-
Average West Lake selling price $585,000
EAST LAKE SOLD (YEAR-TO-DATE)*
- 30 properties sold for a total of $11,161,182
- Average East Lake selling price $340,000
BIG SPIRIT LAKE (YEAR-TO-DATE)*
-
8 properties sold for a total of $2,919,900
-
Average Big Spirit selling price $420,000
*Lake sales figures include condo sales & properties on
Leased Land.
(Figures based on MLS statistics on above date.)
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Jun. 2, 2006 - Building Trends
New Homes Get Bigger, Yards Get Smaller
(June 2, 2006) -- Apparently, bigger is better when it comes to new single-family homes.
Despite the dwindling size of households, new homes are getting bigger and bigger — averaging 2,400 square feet in 2005, according to the National Association of Home Builders. That’s a 50 percent increase over the typical 1,600 square foot new home built in 1973.
Among other facts and trends revealed in the association's report on new homes:
- One-fourth of new homes have at least three bathrooms.
- Ceilings are at least 9 to 10 feet on the first floor and upscale houses have a standard ceiling height of 10 to 12 feet on the first floor and 9 feet on the second floor.
- Front doors are single and wider.
- The living room in homes with less than 3,000 square feet are being replaced by a room known as a den, parlor, retreat, library or music room. In homes larger than 3,000 square feet, living rooms are remaining.
- Stairs are moving from the front of the house to the middle or the rear.
- Master baths have shower stalls and a compartmentalized toilet. Mid-to-upscale homes have multiple shower heads and a tub. Upscale homes will continue to have whirlpool tubs even though nobody ever actually uses them.
- Yards are shrinking. The American yard is expected to decline to 7,000 square feet from today’s 9,000 square feet in the next few years.
Source: Chicago Tribune (06/02/2006)
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May. 2, 2006 - MARKET TRENDS 5/2/06
Here is where you will find current information on recent sales in the Iowa Great Lakes Area. I will update this information several times per month so be sure to stop back often. If you'd like more detailed information on specific properties or would like to know the current estimated market value of your property, please email me directly at:
mailto:Dawn@DawnLefevre.com
MARKET TRENDS 5/2/06
CURRENTLY ON THE MARKET
YEAR-TO-DATE SOLD
WEST LAKE SOLD (YEAR-TO-DATE)*
-
15 properties sold for a total of $9,864,300
-
Average West Lake selling price $657,620
EAST LAKE SOLD (YEAR-TO-DATE)*
- 17 properties sold for a total of $6,749,800
- Average East Lake selling price $397,047
BIG SPIRIT LAKE (YEAR-TO-DATE)*
-
5 properties sold for a total of $1,757,400
-
Average Big Spirit selling price $351,480
*Lake sales figures include condo sales & properties on
Leased Land.
(Figures based on MLS statistics on above date.)
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Apr. 10, 2006 - Market Trends 4/10/06
Here is where you will find current information on recent sales in the Iowa Great Lakes Area. I will update this information several times per month so be sure to stop back often. If you'd like more detailed information on specific properties or would like to know the current estimated market value of your property, please email me directly at:
mailto:dlefevre@mchsi.com
MARKET TRENDS 4/10/06
CURRENTLY ON THE MARKET
YEAR-TO-DATE SOLD
WEST LAKE SOLD (YEAR-TO-DATE)*
-
10 properties sold for a total of $7,324,000
-
Average West Lake selling price $732,400
EAST LAKE SOLD (YEAR-TO-DATE)*
- 12 properties sold for a total of $4,377,000
- Average East Lake selling price $364,750
BIG SPIRIT LAKE (YEAR-TO-DATE)*
-
3 properties sold for a total of $777,900
-
Average Big Spirit selling price $259,300
*Lake sales figures include condo sales & properties on
Leased Land.
(Figures based on MLS statistics on above date.)
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DAWN LEFEVRE
Serving the
Iowa Great Lakes Area.
Here you will find various
topics of discussion as
well as a variety of
information regarding
the Iowa Great Lakes
Area. Stop by often and
please feel free to leave
your comments....................
DOWDEN-HINN REALTORS Broker-Associate, e-Pro Certified
Spirit Lake, IA 51360 800.373.1241 x49 Cell: 712.330.2221
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