Today I thought I would mix it up a bit and throw out something of value. Not that I don’t always try to give you “something of value”, but today it will be a breakdown of the current DSM market. Below is a stat sheet that will give you a better look at whats selling in the Des Moines area. These stats are important for the pure fact that it shows the numbers. As you can see a majority of pending (nearly sold) homes fall between 100k- 200k. However statistics like these are not surprising because a typical home, that is requested by a buyer has 5 bedrooms, 2 bathrooms and 1,500 square feet or more. Furthermore, a home such as this regardless of style (ie. ranch, 2 story, split level etc…) will often fall within this specific price range.
Narrowing this down even further the highest sale point for the last six months was a bell curve of about 160,000- 168,000 with… You guessed it, 3 bedrooms, 2 bathrooms and 1,500 square feet or more. In collusion, a majority of homes in Des Moines and the surrounding subearbs fall within this range. With interest rates dipping below 4% and the pending house price point falling in these parameters, a market such as this would be beneficial for both the buyer and the seller . So in all actuality, it really is a good time to buy or sell.
I would like to thank Les Sulgrove for his hard work and effort that he put into this chart. Thanks!
Ok, one last thing! I thought I would leave you a little video from yesterday. I hope you enjoy it.