Posts from March 2024
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29
Advantages of Listing Your Home with Ruhl&Ruhl Realtors
When listing your property with Ruhl&Ruhl Realtors, you partner with a trusted local real estate advisor. Our Realtors are equipped with the best support, knowledge, resources, and tools to guide you through this major life change. Most importantly, they care about you like you are part of their family. Using your personal goals as a guide, they will move you from the life you have to the life of your dreams. You can expect a basic level of service from any company. However, at Ruhl&Ruhl Realtors, we believe you deserve much more, including extraordinary customer service, the most effective marketing tactics, the knowledge of over 160 years of time-tested strategies, and the resources of the largest independently owned brokerage in Iowa.
Every property is unique, and no house has a fixed price. Given that there is a range of value for your property, here are five things we do that put your home in the best possible position to sell and ensure you receive top dollar.
22
Eric Schlutz Recognized as Part of RLI's APEX 2023 Producers Club
Eric Schlutz, REALTOR® and Managing Broker of our Ruhl&Ruhl Realtors Muscatine Office, has been recognized as a part of the APEX 2023 Producers Club by the REALTORS® Land Institute as a part of the RLI APEX Production Awards Program, sponsored by The Land Report. Eric was recognized by RLI CEO Aubrie Kobernus as well as The Land Report's Co-founders Eddie Lee Rider Jr. and Eric O'Keefe at a special awards ceremony on Tuesday, March 12th, during RLI's 2024 National Land Conference (NLC24) in Louisville, KY.
"I was honored to be recognized nationally for land brokerage and really appreciate the opportunity I have to assist and educate clients on all things related to land," said Eric Schlutz, ALC, upon receiving the award. Sc...
21
March Small Businesses of the Month
Small businesses are the heart of our communities! Here at Ruhl&Ruhl, we love to support locals and engage with the areas we serve in any way we can. So, let's help them out and spread the word about their great services!
Below are this month's featured businesses in all of our areas:
Bettendorf/Davenport: Twin Span Brewing has been consistently voted one of the Quad Cities favorite gluten free spots. Their expertly designed menu has something for everyone and changes seasonally—it is sure to get your mouth watering! They also have a Certified Cicerone® head brewer who has crafted a wide range of ales and lagers in classic styles and new experiments. Join their fan group to get a behind-the-scenes look at their brewhouse, pitch and vote on future reci...
14
March Featured Properties
The March featured properties are a wide variety of homes to fit any home buyer's needs. Be sure to share your favorite properties with your real estate agent. Happy house hunting!
Quad Cities
935 Mississippi Avenue, Davenport, IA 52803 - $599,000
Fabulous Tudor home built by renown Davenport architect Parke T. Burrows as his family home. With incredible attention to details throughout this restored home has a beautiful mixture of quarter-sawn oak and cherry hardwood floors and quarter-sawn woodwork throughout.
11
Home Price Appreciation Continues To Rise Into 2024
The Federal Housing Finance Agency published the 2023 Q4 Housing Price Index report and national data shows home prices rose 6.5 percent between the fourth quarter of 2022 and the fourth quarter of 2023. House prices were up 1.5 percent compared to the third quarter of 2023. Nationally, the U.S. housing market has experienced positive annual appreciation each quarter since the start of 2012.
The five-year home appreciation in our region was between 33.20% and 41.94% with all of our regional Metropolitan Statistical Areas experiencing positive gains.
In the past year, home prices in our markets have increased: +4.09% in Iowa City; +9.10% in Cedar Rapids; and +7.13% in the Quad Cities. This compares to other cities: Des Moines +4.59% and Chicago +6.96%. Of course, there is variation based on price range and location of properties, with more affordable properties appreciating more and expensive properties appreciating less.
| Metropolitan Statistical Areas (MSAs) | Percent Change in House Prices | Percent Change in House Prices | Percent Change in House Prices |
| 1 Year | 5 Years | 4th Quarter 2023 | |
| Cedar Rapids, IA | +9.10% | +38.55% | -0.64% |
| Davenport - Moline - Rock Island, IA-IL | +7.13% | +37.21% | -1.25% |
| Des Moines - West Des Moines, IA | +4.59% | +41.94% | +0.05% |
| Iowa City, IA | +4.09% | +33.20% | +2.45% |
| Waterloo - Cedar Ralls, IA | +11.02% | +38.55% | +2.98% |
| USA | +6.49% | +59.23% | +1.47% |
Information courtesy of the Federal Housing Finance Agency (FHFA) for the fourth quarter of 2023. FHFA stats always run one-quarter behind. Their full report is available at www.fhfa.gov.
U.S. house prices increased modestly over the course of 2023," said Dr. Anju Vajja, Acting Deputy Director for FHFA's Division of Research and Statistics. "However, the market showed signs of softening as house price appreciation was lower in the fourth quarter of the year than in the previous quarter."
"The latest FHFA.gov HPI Report highlights the continued stability of our local housing market, with most areas still experiencing lower than normal inventory levels. While there has been a year-over-year increase in listings, strong buyer demand continues to uphold a consistent supply and demand dynamic, leading to steady overall home price appreciation. However, it's important to recognize that, just as there are significant variations from market to market, individual neighborhoods and price points within our region also experience differing rates of appreciation," said Chris Beason, President of Ruhl&Ruhl Realtors.
Wondering how appreciation has affected your home? Contact your Ruhl&Ruhl Realtor to receive your free market analysis! Or contact us at 1.866.441.1776 or customerservice@ruhlhomes.com to be put in touch with a local, trusted expert!
