Ruhl&Ruhl REALTORS
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23
Ruhl 2017 Blood Drive
Ruhl is once again hosting our annual blood drive on Thursday, June 8 th at our Bettendorf Office to help save the lives of people like Andy Yohe. Andy Yohe received 22 pints of blood after he was struck by a train as a teenager. He lost his legs, but his life was saved thanks to generous blood donors.
Today, Andy is a Ruhl&Ruhl Realtor® at our Bettendorf Office and earned a silver medal in the 2017 Para Sled Hockey World Championship.
In 2016, 30 agents and staff were able to donate, but our goal is to get 10% more!
Unsure if you are able to donate? Check your eligibility here! And view more amazing facts about donating blood below!
17
First-Time Homebuyers Savings Program and What it Means for You
Beginning January 1 of 2018, those looking to become first-time homebuyers in Iowa will have a new resource available to them. Governor Terry Branstad signed the legislation to make the First Time Homebuyers Savings Program official. This program authorizes tax-preferred First Time Homebuyer Savings Accounts.
This account has to be in the name of a sole individual who is a first-time homebuyer. According to the code, you are a "first-time homebuyer" if you have not owned a single-family or multifamily residence for the prior three years. You must also meet this criteria when named as a beneficiary of an account and when applying the money towards a qualifying purchase. This definition means this program will benefit those who do not currently own a home, but for people who are looking to be first-time homebuyers.
An individual can be named as the beneficiary of mult...
15
Ruhl&Ruhl Realtors Opens Office in Galena
Ruhl&Ruhl Realtors is pleased to announce that they have joined forces with McCoy Real Estate Inc. Ruhl&Ruhl Realtors will be opening a new office in Galena located at 412 S Main Street, formerly the office of McCoy Real Estate.
Mike and Shelly McCoy are now brokers with Ruhl&Ruhl Realtors, as are Joan Murray, Kevin Knautz and Nanette Glasgow. Jeff Hefel, Ruhl's Dubuque manager, will be the managing broker for the office.
"Ruhl&Ruhl Realtors is excited to have an office in the Galena area and to continue the tradition of exceptional customer service shared by both Ruhl and McCoy," said Caroline Ruhl, President of Ruhl&Ruhl Realtors. "We look forward to working with the talented agents of McCoy Real Estate to enhance their services and tools in Galena and the Territory."
"We...
10
Regional New Homes Market off to a Good Start in 2017
Builders and developers across the region are hoping that a solid increase in first quarter sales reflects stronger customer confidence and result in stronger sales levels for the entire year in 2017. Area MLSs reported an overall growth of 27% in unit sales YTD. New house sales were up 13%, while condo sales jumped 62%. Builders have also demonstrated their confidence by increasing inventory levels of houses by 6% and condos by 57% vs. 2016. As always, results vary by individual market segment.
The chart below displays the relationship between sales prices for ALL of 2016 vs. the first quarter of 2017. Please note that it is too early in the year to identify these results as a trend.
| Houses | 2016 | YTD 2017 |
| Below $300K | 22% | 34% |
| $300K-$400K | 44% | 39% |
| Above $400K | 34% | 27% |
| Condos | 2016 | YTD 2017 |
| Below $200K | 38% | 46% |
| $300K-$400K | 47% | 39% |
| Above $400K | 15% | 15% |
Early results continue to reflect this region's preference for ranch style homes. However, multilevel home sales have contributed to the lower average sales prices YTD. New home sales account for 1 in every 10 sales regionally. Following is a summary of activity in major markets:
CEDAR RAPIDS: All segments of the Cedar Rapids market reported sales increases over last year, with the biggest gains coming in the College Community District with triple the sales vs. 2016. The 4 Quadrants/Hiawatha/Robins market saw a 400% increase in condo sales, coupled with a 43% decrease in house sales. Marion reported a sales increase of 26%. Area inventory is down just 3%.
DUBUQUE: The area is off to a slower start than the rest of the region, reporting an overall drop in sales of 14%, with houses down 33% and condos up 100% vs. 2016. Overall inventory is up 35%, with houses up 10% and condos up 162%. House sales $175-225K represent the largest segment for first quarter sales.
IOWA CITY: Coralville-Tiffin continues to set the pace for sales in the Iowa City area with an increase of 123% over 2016 and 38% of area MLS sales. Iowa City was the only segment that did not report an increase in sales, but did report the same number of sales as YTD 2016. Overall sales in the area increased by 43% while area inventory jumped by 49%, with the largest increases in both sales and inventory coming in condos. 1 in every 5 area sales was a new home - twice the regional average.
QUAD CITIES: Area sales increased 2% over 2016 YTD. While house sales are up 23%, condo sales dropped 53%. Overall supply of new homes has grown 11%, with houses up 18% and condos up 6%. 86% of houses sold in the market were above $300K, while 57% of condos were also above $300K. This represents 43% of homes sold regionally in this price range, despite the fact that the area accounts for only 25% of regional sales.
We do expect to see the average sales prices to climb as the year progresses since there are no real signs of relief coming for materials, labor, land or regulation costs in the near future.
5
Luxurious Apartment Living with a View
Ruhl&Ruhl Realtors' Property Management department is excited to announce a partnership with new luxurious apartments for lease overlooking Downtown Davenport and the Mississippi River Valley in the completely renovated Kahl Mansion. The Gold Coast Apartments are an upscale, active community for adults 50 plus.
Located on West Ninth Street in Davenport, the Gold Coast Apartments have a variety of floor plans available, including studios, one bedrooms, and two bedrooms. Floor plans range from approximately 1,000 to 2,500 square feet and are available in both the historic mansion and the more contemporary addition. ADA compli...
