The concept of supply and demand has been reiterated to you for years: The best time to sell something is when supply of that item is low and demand of that item is high. This guarantees that the price for that item increases as supply lowers. This is exactly what is happening in today's real estate market! In our markets, 4-6 months of inventory is considered a balanced market. 0-3 months is a seller's market, and 7 or more months is a buyer's market. However, this also varies by price range, with stronger demand generally in the lower price ranges and weaker demand in the upper price ranges. Nationally, there has not been a 6-month supply of inventory since August of 2012. Below are the last 12 months supply of inventory. Also nationally, fewer than 6 months of inventory is considered a seller's marker, so prices will appreciate. 6-7 months of inventory is considered a neutral market, and pric...
The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a statewide average decrease of 3.7% in cropland values from the March 2016 to September 2016 time period. Combining this decrease with the 5% decrease reported in March 2015 indicates a statewide average decrease of 8.6% for the year from September 1, 2015 to September 1, 2016. This is the exact predicted decrease from what was reported in March. In our east central district, high quality cropland is selling at $9,524 per acre. Timber is selling at $2,116 per acre. All nine Iowa crop reporting districts showed a decrease in value from September 2015 to September 2016. Our east central district posted a 4.3% decrease, less than the state average. The largest decrease was a 5.8% decrease in southwest Iowa. "There is a decrease in land values across the state but it isn't...
The future of real estate is here, and it is awesome! Here at Ruhl&Ruhl Realtors, we pride ourselves in providing our agents and clients with the most up-to-date technologies. Check out some of the ways our agents are keeping up with the fast-paced real estate environment in Dubuque and the Quad Cities!
Jared, and many other Dubuque agents, are now utilizing 3D Matterport tours to help sell real estate. These tours give potential buyers a virtual look at the inside of the home, and can rule out any potential buyers who are not serious right away. There are many other benefits, like out-of-town or busy buyers have the chance to look at a property without physically being there. Jared had an experience where an out-of-town buyer started paperwork on a listing, only because they were able to see the home virtually! It also encourages sellers to have their home in "tip-top" shape, as the tour is extremely thorough. Jared notes, "a byproduct of doing this tour is the seller is motivated to have their home beautifully staged!" No matter the benefit, these 3D views are a futuristic way to tour the home. View a 3D tour of Jared's listing here!
Kurt recently purchased a drone, and has been using it to his advantage in new construction subdivisions. According to Kurt, the images and videos from his drone have helped many potential clients pinpoint the locations of subdivisions like Pigeon Creek and Greyhawk. The Settlement at Pigeon Creek from Ruhl&Ruhl Marketing on Vimeo.
Kurt and Jared aren't the only Realtors equipped with the best technology. Every Ruhl&Ruhl Realtor is ready to serve you with the top tools in the business. Thinking of buying or selling real estate? Visit our website at ruhlhomes.com or call us 866.441.1776!
Ruhl&Ruhl Realtors is dedicated to providing service with quality, value and integrity to all of our clients. We are a company where people are the difference. Each quarter, the Excellence in Service Award is earned by agents and offices who show exemplary customer service on returned client surveys. Only agents who receive answers of "excellent" to the question "How well did we serve you" are counted toward this award. Check out what some of our Excellence in Service Winners had to say about what this award means to them. Paul Ellis, Iowa City Office* After buying his first home out of college, Paul figured that the business of real estate was a great fit for him. Shortly after that, circumstances gave him an oppor...
You may have been on the fence about selling all summer, but now is truly the best time to put your home on the market. Keeping Current Matters gives us the top five reasons why you shouldn't wait to sell your home.