The Number of Ames Homes for Sale
As of today, there are about 227 homes for sale in Ames! There are many opportunities to buy!
If you have a home for sale right now, remember that you either have to win the Beauty Contest or the Pricing Contest. And during these questionable economic times, sometimes you have to win both!
For homes located within Ames city limits, home values are stable. Most homes have not appreciated, or lost value since 2006.
How long will it take to sell your home?
There is no obvious answer to this question, and it is difficult to predict.
For most price ranges now, the average market time is 120 days.
Ames Sale Pendings per Month
The graph to the right shows that the most popular months for our local real estate are March through August. In 2009 (the red line) we experienced record highs & record lows per month. The winter months are particularly difficult during recessions. If your home is listed for sale in the Fall, most likely it will still be for sale the next Spring.
In April 2010, as a city, 69 homes went sale pending. In previous years we saw 80-95 homes go sale pending during April. As of today, it looks like about 60-70 homes will go sale pending in May. (green line)
Angie Shirk
Hunziker & Associates
105 S.16th Street, Ames, IA, 50010
515-450-8118
ashirk1@hotmail.com
Micro Markets
Though not shown here, the real estate market within Ames itself is comprised of several smaller micro-markets. I can demonstrate the very real differences as we make marketing and price-point recommendations for a $130,000 home, a $260,000 home, and a $520,000 home. For one to simply state that the market forces apply equally to these three Ames homes would be a mistake. The homes listed with Hunziker are selling 1/3 faster than the competition and 1% higher in sales price!
