Archive for the ‘Iowa’ Category

Zestimate Guesstimate

Wednesday, October 22nd, 2014

MissedAccording to Zillow’s own research, Zillow’s median margin of error in Iowa is 5.8%. This doesn’t sound like much until one thinks through this statistic. The median, by definition, is that one half of the homes will sell outside the 5.8% range. What does this look like in practice? The average sales price of a home in Ames is approximately $200,000. Lets assume for example that Zilow’s Zestimate for a residential home is $200,000. According to Zillow, there is a 50% chance that the sales price will be between $188,400 and $211,600. The total range is $23,200. Conversely, Zillow acknowledges that their Zestimate has a 50% chance of being wrong by more than 5.8%. It is equally likely that the actual sales price might be outside their stated range. Therefore the actual sales price could easily be $185,000 as it might be $215,000? Who knows? We know!! What confidence can this Zestimate give a home seller or a home buyer? By Zillow’s own admission, this is precisely why a Hunziker & Associates Realtor is required. We know the market.

Food Drive Under Way for United Way

Wednesday, May 15th, 2013

DonateFoodHereArea businesses, including Hunziker & Associates, REALTORS®, are working with the United Way this month to help families in need put food on their table. You can be a part of it too! Simply bring your food or cash donation to Hunziker & Associiates, REALTORS® at 105 S. 16th Street in Ames  May 13-23. Your donation will be distributed to the one of the 15 food pantries in the county. The United Way is hoping for a large food donation this year. The need for food is even greater during the summer months. One out of four students in Story County are on a free or reduced lunch program. These children will no longer have access to school-provided meals once summer break starts.

Click Here for the United Way of Story County website for some ideas for donations. Cash donation may be used to purchase perishable items or other items in bulk.

Monday, December 17th, 2012

Source: http://www.desmoinesregister.com/article/20121216/BUSINESS/312160024/?odyssey=nav|head&gcheck=1&nclick_check=1

We sell homes for 1.3% more than our competition!

Friday, October 12th, 2012

Year to date stats for Ames…

  • Hunziker’s sales to original list price ratio is 96.4%
  • The entire Central Iowa MLS’s sales to original list price average is 95.6%
  • When Hunziker’s numbers are removed from the overall MLS, the Central Iowa MLS average sales price to original list price average drops to 95.1%.
  • 96.4% vs. 95.1%  HUGE Difference!

On average, listings at Hunziker & Associates are selling for 1.3% more than our competition!

Data source: Central Iowa Board of Realtors®

Iowa home sales up 15%

Thursday, September 27th, 2012

From the Iowa Association of Realtors®…

Housing Market Going Strong in Iowa, Sales Up More Than 15 Percent

 CLIVE, IOWA (Sept. 10, 2012) – The Iowa housing market is going strong, reports the Iowa Association of Realtors® (IAR). IAR’s August 2012 Housing Trends Report shows that home sales were up by 15.5 percent from last year, and prices were up by 3.8 percent.

IAR reports that a total of 3,602 homes sold/closed in August 2012, while 3,119 homes sold/closed in August 2011. Thirty-two of Iowa’s 44 local Realtor® boards across the state reported increases in number of sales last month. Pending sales were also up by 2.4 percent. There were 3,221 pending sales in August 2012 and 3,146 pending sales in August 2011.

Median and average sale prices also increased. The median sale price in Iowa was up by 3.8 percent while the average sale price was up by 3.4 percent. The median sale price was $129,700 in August 2012 and $125,000 last year at this time. Twenty-five local Realtor® boards reported increases in median sale price.

The statewide inventory was 21,416, down 14.5 percent from last year when the inventory was 25,055. New active listings increased by 4.5 percent. There were 5,275 new active listings in August 2012 and 5,048 new active listings in August 2011.

Days on the market dropped under 100 days. The average number of days on the market in August was 98 days, down 4 days or 3.9 percent from last August. Twenty-five local Realtor® boards reported a decrease in the average number of days on the market.

“We are pleased to see continued strong sales activity in the Iowa market,” says Dale Gross, president of the Iowa Association of Realtors®. “The housing market has led the nation out of recession in the past and is paving the way to do it again. According to the National Association of Realtors®, nationally, the first half of 2012 was the strongest first half of sales in the last five years. Our data shows the same here in the Iowa – with 2012 year-to-date sales the highest since 2007.”

The information used to create the IAR August 2012 Housing Trends Report was current as of Sept. 10 at 1:30 p.m. The information is subject to change due to the dynamic nature of the IAR’s housing statistics system, which is updated hourly based on information present in local participating MLS (multiple listing service) systems. Cherokee data is now reported as part of the Storm Lake MLS.

The IAR releases a Housing Trends Report each month. Data is collected from local Realtor® boards through their multiple listing service (MLS), which tracks sales activities in the board area. The IAR compiles all of the local board data into the statewide report each month. Reports are available online to IAR members and affiliates with a login and password. Anyone is eligible to become an IAR affiliate. For membership information, visit www.iowarealtors.com.

The term Realtor® is a registered trademark, which identifies real estate professionals who follow a strict code of ethics as members of the National Association of Realtors®. The Iowa Association of Realtors® is the state’s largest real estate professional organization representing nearly 6,200 members and affiliates.

Housing Market Rebound-Quotes from the Experts

Wednesday, August 22nd, 2012

These recent quotes by market experts make a strong statement about the level of recovery in the U.S. housing market. They also line up with how our local markets have been performing all year, with significant increases in sales and overall reduction in inventory levels.

“Right now the market is the strongest it’s been since the start of the downturn… we expect to see this organic growth sustain and strengthen through the end of the year.”

– Clear Capital Director of Research and Analytics Dr. Alex Villacorta

“The [overall] resumption in residential activity cannot be understated.”

– Deutsche Bank housing analyst Joseph LaVorgna

“This time next year, there could be a 10% price appreciation. I would not be surprised to see that.”

– NAR Chief Economist Lawrence Yun at the National Association of Real Estate Editors conference in Denver

Tabitha Zesch, Relocation Director

Ames Market Changes

Monday, August 20th, 2012

Year over year stats show just how much the real estate market in Ames has changed since 2011. Questions? Contact us. We know the market and are happy to help you make informed decisions related to your home or commercial property.

Ames a “Best City for Successful Aging”

Thursday, August 2nd, 2012

A new study reviewed which communities were best equipped to help their population prosper in multiple facets of life during their senior years, and how likely residents in those communities could “age in place”. Ames ranks #11 for small metros.

Best Cities for Successful Aging Calculator

Article: Where You’ll Want to Live in 2032

Monday, July 23rd, 2012

Iowa continues to be named among lists of the best places to live. Gallup now predicts that Iowa and the upper Midwest will be the best region of the country to live in 20 years from now.

“Using metrics that include economic, workplace, community, and personal choice factors, Gallup found what will be the most livable U.S. region 20 years from now….

The West North Central region, which includes Minnesota, Iowa, Missouri, North Dakota, South Dakota, Nebraska, and Kansas, is the region poised for the brightest future. Workers in this area are most likely to be employed full time for an employer in the type of good jobs associated with high GDP. Residents have the highest economic confidence in the nation, setting the region up for a strong economic future. They are also the most likely to report easy access to clean, safe water, meaning that this region is best positioned to address one of the critical resource challenges of the future.”

Read the article

Visit our booth at the Solum Job Fair TODAY!

Wednesday, July 18th, 2012

Solum, Inc., a leader in advanced field measurement technology for commercial agriculture, is holding a career fair TODAY,  July 18 at the Iowa State University Alumni Center for their new laboratory in Ames.  The job fair will run from 9 a.m. to 7 p.m. in the Reiman South Ballroom at the ISU Alumni Center, 420 Beach Ave. Learn more about the jobs available here: www.desmoineshelpwanted.com.

Solum develops advanced measurement systems and software solutions to increase profitability. The laboratory will employ 25 people full-time and create a possible 40 additional part-time or seasonal jobs.

“The decision to make Ames our choice for expansion was clear early in the process,” said Landon Morris, Solum Vice President of Business Development, in a release from the commission. “We have been working closely with ISU faculty for several years, and the Ames community has been extremely supportive.”