2015 Des Moines Real Estate Year In Review

2015 Des Moines Real Estate Market In Review

So Long 2015 and Welcome 2016!!

 

This months report reflects back on home sale activity from last year and where we are headed in 2016 now that we have 31 days under our belt.

2015 was a year to remember but it may also be a year to repeat. A shortage of homes for sale and buyers that were out in full force caused supply to drop as demand surged. Economics 101 teaches us that low supply and high demand drives prices upward. View the entire 2015 year end report by clicking the graphic above for a web magazine view. If you would like a PDF copy of this report instead, click here and it will be sent to you by email.

Additional highlights of 2015
  • 9 Months of last year was spent in a Sellers Market
  • 3 Months were in a Balanced Market
  • There were 8% fewer homes for sale in 2015
  • Pending Sales were up over 24% last year
  • Closed transactions ended the year 20% higher that 2014
  • New construction accounted for 30% of all homes for sale in 2015
  • Bank owned inventory dropped back to our normal level of 3%

If you are interested in selling your home or purchasing a home, give me a call! I will help you determine your best strategy based on your local market data.


January 2016 End of Month Recap Reports
(Click on Thumbnail To Download Full Sized PDF)

January 2016 Year To Date Daily Homes For SaleJanuary 2016 Year To Date Homes For Sale

January 2016 Year To Date Daily Homes PendingJanuary 2016 Year To Date Pending Transactions

January 2016 Year To Date Daily Homes Sold CountJanuary 2016 Year To Date Homes Sold

January 2016 Balance of the MarketJanuary 2016 Year To Date Balance of the Market

About Les Sulgrove

Les is an Iowa native born in Des Moines and raised in the southwest Iowa town of Bridgewater. He has been a resident of Des Moines since 1982 and has been married to his wife Linda for over 35 years. Together they have 3 grown children, 6 grandchildren and make their home on Des Moines south side.

He has been a licensed REALTOR® since 1990 and is a Broker Associate with VIA Group, REALTORS®. Les is the 2011 Past President of the Des Moines Area Association of REALTORS® (DMAAR) and received the award of Salesperson of the Year by DMAAR in 2007 for his involvement and service to the Association.

Additionally, he is active at the Iowa Association of REALTORS® and serves on many committees. He also owns and operates the national technology networking group CyberProfessionals. This group of real estate professionals meets twice annually across the United States to learn from each other and share new marketing ideas with heavy emphasis on current and future technologies and their use in the real estate business.

Les’ hobbies include golf and photography. He and Linda spend many Saturday mornings from Spring to Fall at the Des Moines Downtown Farmers Market. He enjoys spoiling his grandchildren at every opportunity.

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