Real Estate in Early Primary States

realtor.com
3 January 2012

The latest news from Realtor.com.

0103vote Real Estate in Early Primary States


The 2012 presidential election cycle officially kicks off on Jan. 3 with the Iowa primary, and will be followed a week later with the highly-anticipated New Hampshire primary. Nearly seven of 10 Americans (69.6%) said that candidate positions on housing will be important considerations in the upcoming elections in a recent national survey from Move, Inc.

Take a look at the latest real estate trend data (November 2011) and median-priced listings in key markets in the first two primary states—Iowa and New Hampshire:

Iowa (Primary: Jan. 3, 2012):

  • Des Moines, Iowa–the No. 111th most searched MSA according to Realtor.com’s November 2011 Real Estate Trend Data–has a median list price of $165,000, and the median age of inventory is 107 days there. This 4 bedroom, 4 bath Des Moines home is listed for $165,000. The 1,814-square foot home has an open floor plan with a great room, and a variety of upgrades including a new roof and laminate flooring. There’s also a large backyard shed for additional storage.
  • The median list price for homes in Iowa City, Iowa is $204,900, and has increased 2.50% compared to October 2011, according to Realtor.com’s November 2011 data. The median age of inventory is 113 days. Listed at Iowa City’s median price, this 3 bedroom, 2 bath property is 1,188 square feet. The charming, bungalow-style home has a two-car garage and beautiful lawns, and  is close to several nearby elementary schools.
  • In Cedar Rapids, Iowa, the median list price of $148,500 is much less than the national median list price of $189,900, according to Realtor.com’s November 2011 data. The median age of inventory in November–92 days–is also beating the national median age of inventory of 114 days. This 3 bedroom, 2 bath Cedar Rapids home is priced under the median list price at $145,000. The 1,570-square foot home has a spacious kitchen and living area, as well as a recreational room.

New Hampshire (Primary: Jan. 10, 2012):

  • In November 2011, the median list price in Concord, New Hampshire was $197,000, according to Realtor.com data. List prices increased year-over-year by 0.31% and month-over-month by 1.08%. Additionally, median age of inventory was at 121 days. Check out this New Englander-style home in Concord, currently listed for $195,000. The 3 bedroom, 1 bath, 1,413-square foot property has a lovely exterior, two-car garage and partial basement.
  • Manchester, New Hampshire had a median list price of $185,450 in November 2011, according to Realtor.com–a 6.03% year-over-year increase. The median age of inventory was lower than the national number–97 days compared to the national median of 114 days.  For $184,500, you can purchase this Cape home in Manchester.  With hardwood floors throughout, the 3 bedroom, 1 bath property has a beautiful kitchen and a spacious backyard.



Stay tuned for more real estate in primary states. Upcoming primaries are Jan. 21 in South Carolina, and Jan. 31 in Florida.

More:
Real Estate in Early Primary States



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