Despite the doom and gloom of the national news, residential real estate is doing just fine in Des Moines. Homes are priced to sell and there is plenty of inventory – making today’s market an incredible investment opportunity to realize the American dream of home ownership.
Don’t let the national news scare you. Here are the facts about the Des Moines housing market:
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- Since 2000, the average home sale price has increased more than 24%
- 1,015 homes were sold in June 2010.
- 41% of recent home buyers were first-time buyers.
- In 2009 homes selling between $120,000 and $160,000 continued to
outsell all other priced homes by 6%.
- 24% of recent home buyers were single females and 10% were
single males.
- The current trend is that more first time buyers and empty nesters are buying condos and town homes.
- In 2009 condo and town home sales made up 6% of the sold market.
- In 2009 the average sale price was $157,242 compared to $168,952 in 2008.
- The number of homes sold in 2008 was 8,092 compared to 8,451 in 2009.
- The average sale price in 2000 was $135,974 as compared to $157,242 in 2009, which is an increase of 15.6% over 10 years.
