Storm Lake and Alta Iowa Real Estate Market Snap Shot Year To Date
12/7/09 Storm Lake and Alta Homes For Sale!
Market Snapshot - Year To Date
Single Family Residential in Storm Lake and Alta
Total Available - 266
Sold - 159
Active - 107
Days on Market (DOM) - time from first listed until closed
and %L/SP (Percentage of Listing Price Received)
0 -31 days 31-60 days 61-90 days 91-120 days 120+ days
40 32 22 17 48
25.16% 20.13% 13.84% 10.69% 30.19%
96.63%LP 95.92%LP 96.29%LP 93.9%LP 94.42%LP
A big take away is that there are a number of properties available for
sale, 107 today with Alta and Storm Lake addresses. Just over 25% sell within the first 31 days and at only 3.37% less than listed price. However if the
property goes over 120 days (and over 30% stay on the market more than 4 months) it will bring nearly 6% less than listed price PLUS have an additional 3
months in mortgage payment, taxes, utilities and maintenance costs added to the cost.
All information from the Storm Lake Iowa Multiple Listing Service from 1/1/09 to 12/7/09. All information deemed correct but not guaranteed.