Urbandale Condo, Town Home & Lofts Sales Up 4% in 2010
Condo, town home and loft sales in Urbandale are up 4% compared to a year ago. 125 properties have been sold through December 8th, compared to 120 sales last year. It’s a small increase, but it just might portend a turnaround in the metro’s rather anemic condo and town home market. That being said, 2010 sales are still half of what they were in 2005, when Urbandale’s market peaked with 254 sales.
- Urbandale Condo Sales – Units Sold 2001-2010
Another small bit of good news. The average sales price is up from the previous year for the first time in five years. Granted, the average sales price is down 17% from the market peak in 2005, but the market is headed in a positive direction
- Urbandale Condo Sales – Average Sales Price 2001-2010
Of course, not every indicator went up in 2010. The average sales price per square foot dropped for the fourth year in a row to $104.
That represents a 17% drop from the market peak, which most likely indicates buyers were getting very good deals on upper end properties in 2010.
- Urbandale Condo Sales – Avg. Sales price Per Sq. Ft. 2001-2010
Jay Snyder | RE/MAX Real Estate Group |6600 University Ave. | Des Moines, IA
Licensed to Sell Real Estate in Iowa | 515-771-5562
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Categories: Urbandale Condos, Urbandale Town Homes
