Posts in category 'New Construction'
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1
Dwindling Condo Sales Stall New Construction Market
A modest increase in new house sales has been offset by a continued reduction in the number of new condos sold across the region in 2014. Multiple Listing Services report a 2% increase in house sales and a 12% decrease in condo sales, combining for an overall unit sales decrease of 3% versus the same period last year. New home sales across the region accounted for about 1 in every 8 home purchases, up from 1 in 11 for all of 2013. Unit inventory increased 15% above 2013 and is at the highest mid-year level since 2011. Based on the first six month's sales, the region has 6.9 months of new house inventory and 8.0 months of...
27
Spring New Construction Update: New Home Sales Show Modest Increase Under Harsh Conditions
Even record cold, snow and frost depths were unable to dampen the spirits and efforts of some buyers and builders this winter. Despite many weather related schedule delays, overall regional new home sales managed a 1% increase over the same period last year, accounting for 1 in every 9.4 home sales during the first quarter. New home starts for the same period are detailed in the chart below. There was a 13% increase in regional inventory compared with the same time last year. Houses represent 74% of new home sales for the period and 57% of current inventory, while condos comprise 26% of sales and 43% of inventory. New house prices continued a steady rise during the quarter, as shown below: Below $300,000 = 44% of house sales $300,000 - $400,000 = 35% of house sales Above $400,000 = 21% of house sa...
9
Ruhl&Ruhl Leads Quad Cities Real Estate Market
In all major categories in the Quad Cities, Ruhl & Ruhl Realtors served more clients than any other company in 2012. Ruhl agents accounted for 39% of the closed market share of residential and condo sales in the Quad Cities Area (IAQC/ILQC). That is bolstered by our New Construction Market Share that accounts for nearly half of all dollars spent (49%).
Our land sales account for a whopping 53% of the market. Finally, we are proud that we are also #1 in Residential Income this year accounting for 29% of the market, up from 2008, when we were #3 and had 14.7% market share. Thank you Quad Cities for allowing us to serve you. We look forward to another very exciting year at Ruhl & Ruhl Realtors.
10
New Construction Inventory Falling
Across the region served by Ruhl&Ruhl REALTORS, new home sales dropped by an average of nearly 14% (see chart below for more detail) while Ruhl&Ruhl REALTORS experienced a company-wide increase of over 6% in unit sales for the year. Price level preferences were consistent with sales in the Quad Cities market, but the rest of the region expressed a much stronger preference for ranch style homes; at over 90% of sales in most areas. Inventory levels across the region fell by nearly 30%, compared to last year.
The Quad Cities Area Realtor Association's Multiple Listing Service sales and inventory figures for new homes in the Quad Cities have been compiled and the overall results for 2011 reflect a decrease in both sales and year-end inventory levels. Inventory of New Construction at the end of 2011 dropped 16% from a year ago, with available new houses down 2...
23
Robson Homes Now Building at Prairie Heights in Davenport
Ruhl&Ruhl REALTORS and Robson Homes are pleased to announce that construction is now under way on the first phase of a new townhome-style condominium project at Prairie Heights, Davenport's finest new neighborhood. With a traditional neighborhood design, Prairie Heights features large green spaces, expansive pedestrian walkways, adjacent city parks and the City of Davenport's newly opened branch library. The new townhomes feature nearly 1,400 square feet of finished living space, complete with 3 bedrooms, 2-1/2 bathrooms, attached two-car garages and full basements ready to be finished, with an egress window and a 3/4 bath rough-in. The master bedroom suite features a vaulted ceiling with a walk-in closet and master bath. Other details include oil-rubbed bronze fixtures, frieze carpet, and rounded drywall corners. With introductory pricing starting at $139,900, these homes are eligible for the Davenp...
