I always ask everyone that I work with how I can add more value to them. One way that just came up was helping a client find a home in Marshalltown. I am not licensed in Marshalltown, and I don’t have access to the Multiple Listing Service(MLS). That being said, anytime that I can help in any way I very much want to.
I called a trusted contact in Marshalltown who is a realtor and we sat on the phone for a while while she looked at the MLS and answered questions about how we could help my client. I gathered a lot of information and was able to get it to my client so that he has a better idea of what is available and how specific he can be in looking for what he is looking for.
The point that I am trying to get across is that if you have a question on anything (I really don’t even care if it is even real estate related), I like to help people in any way that I can. I still get people that are confused as to why I am calling when I call every single one of my clients quarterly. I am just checking in to see if there is anything that I can do to make your life easier. Try me out.
Market Update:
As I wrote earlier this year, we are still seeing two different markets throughout Central Iowa and the Des Moines MLS. Just look at months of inventory by price point (all numbers are as of October 31st, 2018):
$0-$100,000 – 1.9 Months
$100,000-$200,000 – 1.6 Months
$200,000-$300,000 – 3.9 Months
$300,000-$400,000 – 7.9 Months
$400,000-$500,000 – 10.7 Months
$500,000-$600,000 – 9.1 Months
$600,000-$700,000 – 24.3 Months
$700,000-$800,000 – 14.7 Months
$800,000-$900,000 – 10.0 Months
$900,000-$1,000,000 – 10.5 Months
Look at that huge jump from a Seller’s Market (0-4 Months) to a Buyer’s Market (6+ Months) over $300,000. This has only become more pronounced. A large part of this is still that over $300,000 is where new construction gets into the game for most of the MLS. We are seeing two very different markets. Below $200,000 is still a strong Seller’s Market. $200,000 to $300,000 is almost a Balanced Market (4-6 Months), and then as high as TWO YEARS of inventory at the $600,000 to $700,000 levels.
What does this mean to you?
If you are in the Seller’s Market range, you are in a great time to get your house on the market, because you have less competition and motivated buyers. I say they are motivated, because if you are looking to move in Iowa in the Winter, you are motivated to move. Even better, if you are selling your home at below $200,000 and then looking to buy a home at above $200,000 you are in the ideal position to take advantage of both markets. Low competition as a seller, and excess inventory as a buyer.
I love doing what I do. I love looking at the market, and I love building relationships with the people that I get to help. Let me know how I can help you. Call me today. You can reach me at 515.639.0047 or RyanLynch@KW.com. I am good at what I do, and I want to help you.
~Ryan Lynch
