Des Moines Weekly Real Estate Statistics 6/13/08

In 1993, the city of Des Moines experienced a 100 year flood that took out the cities water supply for 12 days and crippled the city.  This week we have experienced a 500 year flood.  Heavy rain in western, northwestern & north central Iowa during the last week have caused the Des Moines and Raccoon Rivers to overflow.  Yes, there is property damage & losses in the flooded areas, but thanks to the lessons learned in 1993 and new levees built around the city, it appears that we will come through this flood better off than we did 15 years ago.  Cedar Rapids took a worse hit than Des Moines due to a levee breach causing the entire downtown area of Cedar Rapids to go under water.  It seems as though Mother Nature is trying to tell us something with all the floods and tornados this year.  Perhaps she’s reminding us that there are worse things in life than a slow real estate market.  Amen to that.   

Real Estate Statistics for the week ending Friday, June 13th, 2008 for Des Moines, Iowa and surrounding communities.

Single Family Homes
4,090 Homes Currently For Sale – Down 1 from last week.
$229,003 Average List Price

1,140 Homes Pending – Down 8 from last week.
(Offers Accepted But Not Closed Yet)
$198,999 Average List Price
78 Average Days On Market

45 Homes Closed – Down 7 from last week.
$212,763 Average Sale Price
79 Average Days On Market

Acreages
195 Homes Currently For Sale – Up 3 from last week.
$327,297 Average List Price

37 Homes Pending – Up 1 from last week.
(Offers Accepted But Not Closed Yet)
$279,332 Average List Price 
87 Average Days On Market

284 Homes Pending – Down 22 from last week.
(Offers Accepted But Not Closed Yet)
$167,789 Average List Price 
118 Average Days On Market

8 Homes Closed – Down 4 from last week.
$146,994 Average Sale Price
105 Average Days On Market

If you have specific questions about real estate for sales in the Des Moines area, please feel free to contact me by Clicking Here. 
Les Sulgrove, RE/MAX Real Estate Group
Information on this blog posting is for informational purposes only and not intended as solicitation if you are already working with a REALTOR®  There is no obligation or fee for any information on this blog posting.

Data Source: Les Sulgrove, RE/MAX Real Estate Group – Des Moines Area Association of REALTORS® MLS.
Des Moines Metropolitan Area defined as: Adel, Altoona, Ankeny, Bondurant, Carlisle, Clive, Des Moines, Dallas Center, Desoto, Granger, Grimes, Indianola, Johnston, Norwalk, Pleasant Hill, Polk City, Urbandale, Van Meter ,Waukee, West Des Moines, Windsor Heights, Winterset