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:
| Terrace Hill |
- Since 2000, the average home sale price has increased more than 18%
- 422 homes were sold in January 2012.
- 50% of recent home buyers were first-time buyers.
- 20% of recent home buyers were single females and 12% were
single males.
- The current trend is that more first time buyers and empty nesters are buying single family units rather than condos or townhomes.
- In 2010 condo and town home sales made up 16% of the sold market.
- In 2010 the average sale price was $160,605 compared to $157,242 in 2009.
- The number of homes sold in 2011 was 7,877 compared to 7,677 in 2010.
- The average sale price in 2000 was $135,974 as compared to $160,605 in 2010, which is an increase of 18%.
