Your home is more than an asset on your balance sheet. It's an income-generating asset that you can leverage to lower the cost of homeownership, pad your retirement account, pay for a child's tuition, or whatever else you desire. It's wise to keep this in mind when you're looking through the list of Iowa City homes for sale. With a little planning, you can turn your home into a cash cow that you can cash in on long before you put it on the market down the road.
Here is your July Market in a Minute – a quick snapshot of today's real estate market in both Cedar Rapids and Iowa City. In the Cedar Rapids metro market, we are seeing the average price hovering around $199,000 which up 2.1% from this time last year. The average number of days that a property is on the market is 33, which is up 6.5% from this time last year. There are 644 active listings in the Cedar Rapids Metro area, that is actually up 7.1% from this time last year.
In the Iowa City area, the average sale price is up 5% from this time last year to $272,000. Last month, 303 homes sold, which is down 6.2% from this time last year in the Iowa City Metro Area. If you have any questions about what this means to you, please don't hesitate to call!
Summertime in Iowa City means time to get out and get onto the water! Our real estate agents love any day spent topside on one of our area's lakes, ponds, and rivers. Living in the Hawkeye State opens us up to a world of outdoor adventure, and there's no better way to soak up the sun than by heading straight for the water. Swimming, boating, jet skiing, or canoeing — it doesn't matter how you spend your day on the water, all that matters is that you dive in and make your summer a splash! Get on the water this summer with these four great places around Iowa City where you can rent everything from boats to kayaks.