Posts
Showing posts with label Lake properties. Show all posts
Showing posts with label Lake properties. Show all posts
1/14/2008
New Storm Lake Iowa Pictures
Check out these beautiful winter pictures
Park on Lake Avenue
Frost and Fog on Storm Lake - For more pictures of Storm Lake Iowa and the surrounding area check out http://www.georgiaweaver.com/ and http://www.slrealtycheck.com/ and http://picasaweb.google.com/SLRealtyCheck.com/StormLakeIowaBlackAndWhitePictures
Frosty Morning
Park on Lake Avenue
Early Morning Frost
Frosty Star on Lake Ave.
Frosty Flame
Frost and Fog on Storm Lake - For more pictures of Storm Lake Iowa and the surrounding area check out http://www.georgiaweaver.com/ and http://www.slrealtycheck.com/ and http://picasaweb.google.com/SLRealtyCheck.com/StormLakeIowaBlackAndWhitePictures
10/12/2007
Storm Lake and Alta Real Estate Year to Date
The year to date numbers on residential properties sold in Storm Lake and Alta Iowa are very encouraging!
According to the Storm Lake MLS, www.StormLakemls.com
Total Dollars Sold - $16,002,318.00 - 100%
RES - $13,250,600.00
Market Share 41.40%
C-21 - $10,592,586.00
Market Share 33.09%
ReMax - $4,633,900.00
Market Share 16.41%
C&E - $800,500.00
Market Share 2.50%
Stanley - $548,425.00
Market Share 1.70%
Other - 1,624,825.00
Market Share 5.23%
Why should you care about these numbers? Well, these numbers show that our real estate activity is up 100% from 2006, it shows we have a very strong market.
These numbers also show the market share of each local brokerage. Why's that important, it is one tool to help you decide who to use to help you achieve your real estate needs and goals.
Some people think winter is not a good time to sell, well just because some people think that, it limits the number of homes on the market. People will still need to move, businesses will still transfer employees and people will still retire. So what do I think, I think an appropriately priced home will sell home at any time of the year! Call me I'll help you market your home to sell or I'll help you find a great home for you to buy!
According to the Storm Lake MLS, www.StormLakemls.com
Total Dollars Sold - $16,002,318.00 - 100%
RES - $13,250,600.00
Market Share 41.40%
C-21 - $10,592,586.00
Market Share 33.09%
ReMax - $4,633,900.00
Market Share 16.41%
C&E - $800,500.00
Market Share 2.50%
Stanley - $548,425.00
Market Share 1.70%
Other - 1,624,825.00
Market Share 5.23%
Why should you care about these numbers? Well, these numbers show that our real estate activity is up 100% from 2006, it shows we have a very strong market.
These numbers also show the market share of each local brokerage. Why's that important, it is one tool to help you decide who to use to help you achieve your real estate needs and goals.
Some people think winter is not a good time to sell, well just because some people think that, it limits the number of homes on the market. People will still need to move, businesses will still transfer employees and people will still retire. So what do I think, I think an appropriately priced home will sell home at any time of the year! Call me I'll help you market your home to sell or I'll help you find a great home for you to buy!
10/05/2007
Storm Lake and Alta Iowa Homes Available
The local market is tight with Buyers matching Sellers very closely. As of 10/4/07 there were 63 homes listed and active (no offers) there were 5 OPCTS (offer pending continue to show. In Alta there were 6 homes listed and active, none of them have offers so far.
Fourteen homes sold in Storm Lake within the last 30 days with prices ranging from $45,000 to $142,000. The sales in Alta ranged from $120,500 to $70,000. Now is a great time to buy or sell as the numbers above show.
If you would like to receive local market updates directly to your email please drop me a request and I will git'er done. Email me at GWeaver@IW.net or go to www.StormLakeIAProperties.com
Storm Lake and Related Home Markets- Still Going Strong!
By the numbers, the local home market is still cranking out excellent numbers of both sales and listings. Unlike the national big city markets our local market is solid. Yes, we are seeing an increase in foreclosures and it is tougher to get a loan if your credit history is shaky but the impact is very little - so far.
What are the numbers?
The local MLS (Multiple Listing Service)reported 21 sales in the last 30 days
1) 14 were in Storm Lake
2) 2 were in Alta
3) 2 were in Early
4) 1 in Aurelia
5) 1 in Sioux Rapids
6) 1 in Rembrandt
25% of the sales were out of the Storm Lake and Alta Market, this may be a reflection of the Buyers decisions being impacted by the negative press concerning the national real estate market.
The properties that sold outside of Storm Lake and Alta had an average sale price of $55,600. The sale price of $55,600 is quite low for the Storm Lake or Alta market.
There were 2 foreclosures in the mix - both in Storm Lake. These sold for $45,000 $50,000. These amounts are good for foreclosures, the sale price for these 2 reflects an aggressive investor market in the Storm Lake and Alta area.
Alta had 2 sales, one at $120,500 and the second at $70,000. There is a new foreclosure listed in Alta - 113 Division Street. This is not an investor property, it is move in condition and it is priced for this condition.
For additional local real estate market info and listings go to www.StormLakeIaHomes.com
What are the numbers?
The local MLS (Multiple Listing Service)reported 21 sales in the last 30 days
1) 14 were in Storm Lake
2) 2 were in Alta
3) 2 were in Early
4) 1 in Aurelia
5) 1 in Sioux Rapids
6) 1 in Rembrandt
25% of the sales were out of the Storm Lake and Alta Market, this may be a reflection of the Buyers decisions being impacted by the negative press concerning the national real estate market.
The properties that sold outside of Storm Lake and Alta had an average sale price of $55,600. The sale price of $55,600 is quite low for the Storm Lake or Alta market.
There were 2 foreclosures in the mix - both in Storm Lake. These sold for $45,000 $50,000. These amounts are good for foreclosures, the sale price for these 2 reflects an aggressive investor market in the Storm Lake and Alta area.
Alta had 2 sales, one at $120,500 and the second at $70,000. There is a new foreclosure listed in Alta - 113 Division Street. This is not an investor property, it is move in condition and it is priced for this condition.
For additional local real estate market info and listings go to www.StormLakeIaHomes.com
9/29/2007
New Storm Lake Conference Center, Restrauant and Water Park Open for Business
The AWAYSIS Project is full steam ahead, the water park is open both inside and outside as are the conference center, restaurant and hotel.
The outdoor water park is awesome - if you haven't been there you are missing out. Young and young at heart are trying out the slides. If you are feeling more sedate (chicken) they have provided an area just for swiming both inside and out, but WHY not try the slides just once, you'll be hooked?
The Regetta Grill restaurant has very good food, I felt the service was a bit slow but there may be a method to that and the view makes the service well worth the wait. Having experienced both lunch and dinner a word of advice - make a reservation if there are more than 2 people.
Check out the elegant modern lobby furnishings, very sophisticated with a hint of the 1940's.
On a separate note, the new condo project across the street to the east from King's Pointe is showing signs of life. Huge concrete pillars have emerged from the golf course, I can't wait to see what comes next. A number of these condo's have been spoken for, if you are interested in a condo home on Storm Lake give me a call. A number of floor plans and upgrades are available prior to development.
6/05/2007
Total Property Remodel? Follow this Plan for Success
For those of us who remodel and do big projects (like whole houses or apartment buildings) this information is priceless. The logical flow of a project is one of the most important lessons you can learn, doing things in the right order can save you thousands of dollars, lots of headaches and time. Time in a remodeling project translates directly in to dollars - usually hundreds if not thousands! We develop a plan for each project, planning is important, as someone said - Failing to Plan is Planning to Fail. I don't know who said that but they knew what they were talking about.
You want your financial partner not just comfortable but happy loaning you money, always have a written, professionally presented, detailed project plan. Your plan should include a time line, along with supplies and contractor's names (if you aren't doing it your self), costs and end results. Do not "fudge" on your plan, to put it simply "fudging" is lying.
If you under fund the project you could end up with an incomplete project, we see this more than we should - we buy these projects - usually at a discount! We calculate a 25-30% over run, and it is noted as "overrun" on our plan to our financial partner - this covers an increase in lumber, other materials, demo surprises and other items.
Check out the link by clicking on the title and check back to see what we have to help you in your Real estate investing adventure!
You want your financial partner not just comfortable but happy loaning you money, always have a written, professionally presented, detailed project plan. Your plan should include a time line, along with supplies and contractor's names (if you aren't doing it your self), costs and end results. Do not "fudge" on your plan, to put it simply "fudging" is lying.
If you under fund the project you could end up with an incomplete project, we see this more than we should - we buy these projects - usually at a discount! We calculate a 25-30% over run, and it is noted as "overrun" on our plan to our financial partner - this covers an increase in lumber, other materials, demo surprises and other items.
Check out the link by clicking on the title and check back to see what we have to help you in your Real estate investing adventure!
5/30/2007
State of the Real Estate Market in Storm Lake and Alta Iowa
There's been a lot of negative press on real estate lately, foreclosures up, too much inventory, over building by contractors. The local market continues to be the exception to the rule. Storm Lake and Alta are still solidly in a Seller's market and as a realtor if I don't stay ahead of the market by the time a property list in the MLS (Multiple Listing Service)they already have accepted offers. If you are thinking of selling - Git er done!!!
Acreages are selling fast, but they should be in fairly good shape - including the out buildings. Ranches are the best sellers hands down in our area and have been for several years; the main reason is living on one floor. If you are thinking about building or remodeling keep this info in mind.
The latest rage in local real estate is staging - staging is having someone come in and set the house up like a display in a magazine or furniture store. Does it work, you bet it does! Staging can be done in an occupied home or a vacant one, it is especially successful in new construction and vacant homes. Staging can be done by a number of business or people, and yes there is normally a fee. The fee is usually based on the items used to stage the home and the time the items will be in place.
Storm Lake Properties sold in the last 30 days: 20
Address --- List Price--- Sale Price--- Days on Market
420 Lake Ave Condo D --- $99,900 --- $97,000 --- 522
710 Walnut --- $89,000 --- $80,000 --- 265
315 Lake Ave--- $159,000 --- $147,000 --- 268
123 Superior --- $30,000 --- $15,000 --- 192
111 Superior--- $59,900 --- $55,500--- 102
1516 Hyland Dr --- $69,900 --- $65,000--- 93
716 Barton--- $115,000 --- $110,000--- 58
617 Iowa St--- $137,750 --- $120,000--- 57
1109 Seneca--- $66,900 --- $61,500--- 63
813 Hyland Dr --- $65,900 --- $65,000--- 44
224 Oneida--- $32,500 --- $31,000--- 3
600 W 5th--- $38,000 --- $35,000--- 3
307 Superior--- $33,500 --- $31,000--- 3
602 Otsego--- $31,000 --- $30,000--- 3
112 N Emerald--- $145,000 --- $140,000--- 28
906 Highview Dr --- $116,000 --- $107,500--- 6
305 E 10th--- $93,500 --- $93,500--- 28
318 E. 10th--- $55,500 --- $52,000--- 10
217 Cayuga--- $105,000 --- $100,000--- 13
Acreages are selling fast, but they should be in fairly good shape - including the out buildings. Ranches are the best sellers hands down in our area and have been for several years; the main reason is living on one floor. If you are thinking about building or remodeling keep this info in mind.
The latest rage in local real estate is staging - staging is having someone come in and set the house up like a display in a magazine or furniture store. Does it work, you bet it does! Staging can be done in an occupied home or a vacant one, it is especially successful in new construction and vacant homes. Staging can be done by a number of business or people, and yes there is normally a fee. The fee is usually based on the items used to stage the home and the time the items will be in place.
Storm Lake Properties sold in the last 30 days: 20
Address --- List Price--- Sale Price--- Days on Market
420 Lake Ave Condo D --- $99,900 --- $97,000 --- 522
710 Walnut --- $89,000 --- $80,000 --- 265
315 Lake Ave--- $159,000 --- $147,000 --- 268
123 Superior --- $30,000 --- $15,000 --- 192
111 Superior--- $59,900 --- $55,500--- 102
1516 Hyland Dr --- $69,900 --- $65,000--- 93
716 Barton--- $115,000 --- $110,000--- 58
617 Iowa St--- $137,750 --- $120,000--- 57
1109 Seneca--- $66,900 --- $61,500--- 63
813 Hyland Dr --- $65,900 --- $65,000--- 44
224 Oneida--- $32,500 --- $31,000--- 3
600 W 5th--- $38,000 --- $35,000--- 3
307 Superior--- $33,500 --- $31,000--- 3
602 Otsego--- $31,000 --- $30,000--- 3
112 N Emerald--- $145,000 --- $140,000--- 28
906 Highview Dr --- $116,000 --- $107,500--- 6
305 E 10th--- $93,500 --- $93,500--- 28
318 E. 10th--- $55,500 --- $52,000--- 10
217 Cayuga--- $105,000 --- $100,000--- 13
Price ---High $147,000 ----Low $15,000--- Average $75,579
Alta Properties sold in the last 30 days: 3
Address--- List price--- Sold Price--- Days on Market
802 W 2nd--- $279,000--- $230,000 --- 344
1306 Peterson St--- $198,000--- $190,000 --- 67
1310 Peterson St--- $153,900--- $150,000 --- 17
Alta Properties sold in the last 30 days: 3
Address--- List price--- Sold Price--- Days on Market
802 W 2nd--- $279,000--- $230,000 --- 344
1306 Peterson St--- $198,000--- $190,000 --- 67
1310 Peterson St--- $153,900--- $150,000 --- 17
Price ---High $230,000 --- Low $150,000--- Average $190,000
3/31/2007
Buena Vista County, Iowa - Property Valuations up 10% - 20%!!!
Agland and residential real estate have increased since 2005 - BUT they have not increased 10-20%. Agland is calculated on a 5 year rolling average according to Kathy Croker (BV County Assessor). Residential real estate is based on actual sales in 2006. The importance of comparable properties and the criteria for those properties when you sell or purchase a home are noted in a previous post. CMA Post Link
Both Ag and Residential will be subject to equalization by the State of Iowa but start preparing now. Contact a Realtor or an Appraiser if you think you assessment is incorrect (you will have it by April 15th). A Realtor can do a CMA (Competitive Market Analysis) and an Appraiser will appraise your property - both can show what the fair market value of your property actually is. This is very important because this amount is the one you should be taxed on.
The assessors will notify you by April 15, and you will have until May 5 to appeal the new assessment. To appeal you will need to be armed with facts that show your home has been assessed higher than the actual fair market value to get the taxes reduced.
Pay your fair share, but don't you work too hard to give your money away?
Both Ag and Residential will be subject to equalization by the State of Iowa but start preparing now. Contact a Realtor or an Appraiser if you think you assessment is incorrect (you will have it by April 15th). A Realtor can do a CMA (Competitive Market Analysis) and an Appraiser will appraise your property - both can show what the fair market value of your property actually is. This is very important because this amount is the one you should be taxed on.
The assessors will notify you by April 15, and you will have until May 5 to appeal the new assessment. To appeal you will need to be armed with facts that show your home has been assessed higher than the actual fair market value to get the taxes reduced.
Pay your fair share, but don't you work too hard to give your money away?
3/24/2007
Lake Houses on Storm Lake
"How do you justify the price of lake houses on our lake?" That was the question before the person on the other end of the phone even told me their name.
My answer, "Simple rules of supply and demand." " Lake property is in short supply, houses on lake property in our area are in short supply, short supply and high demand push up price."
Lake houses are expensive, but they do sell, so in my opinion they are not priced too high. Correct pricing is critical to selling a home, lake properties can stay on the market longer than other homes but part of that is due to the limited number of buyers in that price range.
My answer, "Simple rules of supply and demand." " Lake property is in short supply, houses on lake property in our area are in short supply, short supply and high demand push up price."
Lake houses are expensive, but they do sell, so in my opinion they are not priced too high. Correct pricing is critical to selling a home, lake properties can stay on the market longer than other homes but part of that is due to the limited number of buyers in that price range.
Subscribe to:
Posts (Atom)
