Scott County year-to-date new house sales, as reported by the Quad City Area Realtor Association’s Multiple Listing Service, have shown a 27.6% increase in unit sales, when compared with the first ten months of sales in 2009.
The month of October saw exactly the same number of both closed and pended new house sales as recorded during October of 2009. Houses in the $225,000-$300,000 and $300,000-$400,000 prices ranges continued to show the strongest growth with a combined growth of over 32% more sales than the same period in 2009. While house sales above $400,000 have not increased, recent sales have picked up to the point where the 2010 figures are nearly now the same as 2009. While sales are up, overall new house inventory is about 10% below the levels of this time last year.
Sales of new condos in Scott County have not kept pace with new house sales, as overall unit sales have slipped 11.4%, compared to the first ten months of last year. Condo sales remain heavily concentrated in the under $300,000 price range. Despite slowed sales, the number of available new condos in inventory is 37.5% lower than at the same time in 2009.
Overall, combined sales of new homes and condos remain 13% above the figures reported a year ago.
A family-owned company since 1862, Ruhl&Ruhl REALTORS annually sells nearly 3,800 homes in eastern Iowa, western Illinois and southwestern Wisconsin. Caroline Ruhl is the President and owner of Ruhl&Ruhl REALTORS, and is the fourth generation of the Ruhl family to lead the residential brokerage and home services company. Headquartered in Davenport, Iowa, the company has 250 sales associates and 50 employees based in sales offices located in Bettendorf, Cedar Rapids, Clinton, Coralville, Davenport, DeWitt, Dubuque, Maquoketa, and Muscatine, in Iowa, and in Moline, Illinois. In addition to residential sales, Ruhl&Ruhl offers services in relocation, new home sales, farm sales, senior services, real estate investment, property management and mortgage services through 1862 Mortgage. For more information on Ruhl&Ruhl, visit their website at www.RuhlHomes.com .
