Sellers Market in Pella Iowa in Early 2018
Pella, Iowa was recently ranked the “second safest city in Iowa” by the National Council for Home Safety and Security. This is among the many factors that contribute to the influx of young professionals and families moving to the area in recent years.
Pella’s growth is demonstrated by the month of January’s year-over-year home sale increase of two million dollars. Home sales in 2018 Year-to-Date of Pella Real Estate exceeded $8.98 million, compared to 2017’s $6.7 million, over a 34% increase in sales volume thus far.
At the end of February 2018, 28 homes were listed for sale in Pella. Of the available homes, only 6 were below $208,000.00 (the avg. sale price in 2017).
Pella Real Estate Services Market Analysis:
There were 114 homes sold under 208K in 2017 (averaged 53 days on the market).
Very few homes available below 2017 avg. sale price ($208,000)
Implication: higher likelihood of a quick sale.
Property values appreciating by 7% on average across the community (2017 – $207,629 vs 2016 -$193,969)
Implication: continual investment in your home will result in higher ROI after the sale.
Sales price vs. list price (97%)
If you’re thinking about selling, NOW is a great time:
Prospective homeowners are constantly looking for the opportunities to become involved in the Red Rock community because of the great school systems, events, and lifestyles the area has to offer.
Low home inventory and high demand create an opportunity for individuals and families who wish to sell their homes.
If you are in the market to take advantage of the opportunity to sell your home, call 641-628-1-buy and learn about our discounted commission rates.