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Feb 8, 2022
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The 2022 real estate market has picked up where the 2021 market left off. The market is as active as ever and the new year seems to have brought a renewed energy to the market after a brief December “breather” — reflected by the fact that the average days on market is back down to just over a month.
The number of active listings remains very low, even as new listings rose to a four-month high. One distinction that is important to make is that “sold listings” are for closed sales only — not pending sales. The “December Dip” will tran... |
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Jan 27, 2022
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The past year was an unprecedented in the real estate world. The average number of days a house was on the market was just 32 days in Ames. During the summer months, houses were selling in under a month and they were routinely receiving multiple offers.
The very strong sellers market led to the median list price and the median sale price to be nearly identical. The median list price in Ames was $269,900 and the median sale price was $267,500 in 2021. In 2020, the median list price was $249,000 and the median sale price was $231,000 — a 14% increase in median sale price from... |
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Jan 11, 2022
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We hope you had a Merry Christmas, Happy New Year and a Happy Holiday season! As is typical this time of year, the real estate market seemingly took a bit of a “holiday break” in December as well, but even slower months give insights into the market.
Only 17 new listings were introduced to the market in December of 2021, and while the number of sold listings dipped to 45, the number of solds out paced the new listings by 28. That brought the number of active listings to a quarterly low of just 63 listings on the market at the end of December — a normal sign of the season.... |
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Dec 6, 2021
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While retail business picks up as the Holiday season arrives, the real estate market tends to slow down. November is the month that kicks off the Holiday season with Thanksgiving and the beginning of Hanukkah and the November real estate numbers, as expected, show signs of easing off the gas pedal. By no means is the market hitting the brakes, but it does appear to be coasting into the new year.
The two biggest indicators of the slowing market are the number of new listings and the average days on market. The 32.7 days on market is the longest since the end of March, when the ... |
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Nov 23, 2021
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We are proud to announce that for the third year in a row Friedrich Iowa Realty was named Best of Story County - Best Real Estate Company! We are grateful and thankful that you all have put your faith and trust in us to be your Realtors for your real estate needs.
Our mission is “Enriching lives through real estate” and the fact that you all have voted us Best of Story County for the third year in a row lets us know that we are succeeding in our mission. That being said, we will not rest on our accomplishments. We will continue to serve you — the community — di... |
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Nov 15, 2021
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Welcome to the Friedrich Real Estate Report! The goal of this monthly report is to help you better understand the current state of the real estate market. We believe it’s important to supply you with up-to-date information about our market, so you can make the best real estate decisions for you and your family. We want to provide the best and smoothest real estate experience possible and we believe one way to do that is through education of the current state of the market.
Similar to the national real estate picture, our local market is somewhat light on inventory. Lower sup... |
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Apr 8, 2019
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Mar 1, 2018
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While there is no script to follow when you begin the process of purchasing a home, it's a pretty good idea to have some questions ready when you're interviewing a Realtor. That's right, you should interview a few Realtors before you decide who will represent you in making one of the biggest purchases of your life.
Here are five questions you should ask to make sure an agent is right for you:
1. Do you have an active real estate license and is it in good standing?
Don't assume that your agent is licensed. It is your responsibility to pose this question to ensure t... |
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Feb 1, 2018
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One of the unique pleasures of having an office within walking distance of Ames' Old Town Historic District is being surrounded by historic structures. The unique architecture of so many of the area's homes brings an appreciation for what Ames has to offer its residents: A rich cultural history, balanced with all the conveniences of a modern, growing community.
There are a number of resources available online to introduce you in detail to some of Ames' most well-known historical treasures. In total, Ames boasts 16 structures listed on the National Register of Historical Places an... |
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Jan 11, 2018
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One of the most important things you can do prior to completing a real estate transaction is perform a home inspection. Whether you are buyer or seller, the process provides a number of benefits.
There are a number of qualified home inspection professionals in the community and your agent is an invaluable tool in helping you find the right one for you. By employing the services of a trained and experienced home inspector you can gain valuable insight to help you make informed, confident decisions on whether to proceed with a transaction. The process can also save you thousands of dol... |
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