Blue Grass, Buffalo, and Walcott, Final 2007 Real Estate Market Report: REALTOR-Assisted Home Sales Decline 1.3%. Average Home Sales Price Drops 10.3% from 2006!

Blue Grass, Iowa 2007 REALTOR-Assisted Home Sales Down 1.3%, and Average Home Sales Price Drop 10.3% from 2006!
REALTOR-assisted "Closed" sales transactions of existing single-family homes in the city of Blue Grass, Iowa declined by 1.3% in the the year 2007, down from 2006.
With 75 closed sales transactions of existing homes from January 1 to December 31, 2007, the Blue Grass market showed a decrease of 1 unit (1.3%) from the 2006 total of 76 closed sales transactions.
On an even note for home sellers, the average sales price of home sales that closed during the same period showed a significant decrease of 10.3%: down from $174,782 in 2006, to $158,447 in 2007.
The average number of days on the market (from home listing date to sale pending date) remained steady, at 63 Days in both 2006 and 2007.
The list price to sales price ratio, (reflecting the percentage of the last recorded listing price of a property versus what the property eventually sold for) decreased slightly, as well, from 97.3% in 2006 and 96.78% in 2007.
The Quad-City Area market is made up of the cities of Davenport, Bettendorf, LeClaire, Eldridge and Blue Grass, in Iowa. And Moline, Rock Island, East Moline, Silvis, and Milan, in Illinois.
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Paul David Hiebing, REALTOR
"The Quad-Cities Premier First-Time Homebuyer's Specialist"
Licensed in the State of Iowa Since 2000. Licensed in the State of Illinois Since 2001.
Grampp Realty/GMAC Real Estate
2500 18th Street
Bettendorf, Iowa 52722
Website: http://www.gmacrealestate.com/paulhiebing/
Office Phone:(563) 359-4401 Ext # 264
Cell Phone: (563) 508-1649
Office Fax: (563) 359-4405