Real Estate Information Archive

Blog

Displaying blog entries 1-10 of 11

REALTOR Ring Day 2017

by Morse Real Estate

This holiday season, over 100 REALTOR® associations will be supporting the Salvation Army on Friday, December 1. This idea came from a REALTOR® member in Fargo, N.D., who wanted to give real estate professionals an opportunity to support a cause familiar to them - housing. The Salvation Army was the perfect fit because it offers so many housing-related programs. This is the Iowa Association of Realtor’s sixth year participating in this great event joining over 26 other states ringing the bell for the Salvation Army.

Last year, more than 300 Iowa REALTORS® representing all 17 local boards participated in this event and raised more than $30,000. A few members of our team came out to volunteer. We had a lot of fun joking, singing and ringing!

Your Home Just Got More Valuable

by Morse Real Estate


The National Association of Realtors just released a report covering the latest data on our national housing market. Many of the figures were staggering and surprising. The following charts summarize the biggest findings from the report.


Click to enlarge

Housing Supply Year-Over-Year: Last 12 Months: One of the more surprising data produced from National Association of Realtors was the giant leap in housing shortage from July to August. It showed that nationally we are experiencing an incredible 10% decrease in homes on the market. It could be reasoned that a lot of buyers scooped up a ton of inventory during the summer leaving August high and dry. This could also mean buyers are struggling to find their next dream home.


Click to enlarge

Seller Traffic By State: To breakdown the data and apply it to each state we can see just how many homes are listed for sale by state. Alaska, New Mexico, Maine and four other states are experiencing Very Strong seller traffic numbers which means there are more homes to choose from. However, Iowa and Nebraska and most of the nation do not share the same fate. Seller traffic is weak meaning that these housing markets are struggling and need more homes listed for sale.


Click to enlarge

Existing Home Prices Year-Over-Year by Region: Nationally sellers are receiving 5.1% more for their homes this year versus last year. However, sellers in the Midwest are receiving 5.5% more on average. 

Let’s break that down for our local real estate market:

Average home sold in Council Bluffs, Iowa since September 1: $145,615

On average, sellers are receiving $8,008 more this year versus last year
____________________________________________________________

Average home sold in Omaha, Nebraska since September 1: $199,374

On average, sellers are receiving $10,965 more this year versus last year


By the way, homes are selling for more and much faster as opposed to last year, with many having multiple offers in less than 48 hours.

How Many Homes Sold Last Week?

by Morse Real Estate

Kids are back in school but it hasn’t slowed the housing market down. Just over the last weekend, our brokerage had a listing that received over 20 written offers on it! 

Here are the number of homes that have sold in our local markets in the last week:

Homes that sold in the Omaha area: 326 Homes
Average home price: $208,572
 
Homes that sold in the Council Bluffs area: 29 Homes
Average home price: $161,066

To find out more about what your home is worth, contact one of our experienced agents today!

Most Expensive and Cheapest Homes Sold in July

by Morse Real Estate

The month of July is officially behind us and August has begun. That means it is time to look at the cheapest and most expensive homes sold last month.



Photo Credit: Douglas County Assessors Office
1. Cheapest home sold in Omaha
For a whopping $12,500, this 1.5 story home in Omaha was on a 137 x 100 lot with 2 bedrooms and 1 bathroom. This tiny home had just under 840 square feet including a full basement. It was on the market for just 2 days before being paid for in cash.



Photo Credit: Douglas County Assessors Office
2. Most expensive home sold in Omaha
Located in the Fairacres subdivision on 1.36 acres, this 2.5 story brick home offered 6 bedrooms and 6 bathrooms with full basement for $1,552,000. It featured over 6,200 square feet and annual taxes of $28,132. Remarkably, it was only on the market for 1 day selling to a conventional buyer with 20% down.

 


Photo Credit: Google Maps
3. Cheapest home sold in southwest Iowa
A buyer finally snagged this home in Shenandoah after it was on the market for 328 days. They paid $7,500 cash for 968 total square feet featuring 2 bedrooms and 1 bathroom on the main floor.



Photo Credit: PottCo.org
4. Most expensive home sold in southwest Iowa
The most expensive home sold in southwest Iowa was purchased in Council Bluffs last month for $795,000 after only 6 days on the market. The brick, ranch-style home with over 5,300 square feet had a private drive, outdoor kitchen, in-ground swimming pool with 5 bedrooms and 4 bathrooms all on 4.5 acres. 

Want to know more about the homes selling around you? Click to find an agent.

How Many Homes Sold in the Last 7 Days?

by Morse Real Estate

Since July 29th, the market has picked up substantially in both Omaha and Council Bluffs areas. Prices are going to continue to climb, act now before you are priced out of your future home.

If you are on the fence about listing your home for sale and debating whether now is the time to move on with your plans of relocating… don't wait!

There are more buyers that are ready, willing and able to buy their first, second, third, or investment property now than there has been in years! The supply of homes for sale is not keeping up with the demand of these buyers.

Listing your home for sale now will give you the most exposure to buyers and the best sales price.

Homes that sold in the Omaha area: 162 Homes

Average home price: $188,035
 
Homes that sold in the Council Bluffs area: 30 Homes

Average home price: $179,678

To find out more about what your home is worth, contact one of our experienced agents today!

Hydrant Party Time

by Christy Rhoades

It is time for the sound of water roaring through the broad opening of a nearby hydrant and screams of delight as the cool water splashes everyone on the hottest days of the year! Visit with the neighbors, watch the kids and enjoy the fun.

Click to download the neighborhood hydrant party schedule for Council Bluffs. 

Mall of the Bluffs Still for Sale

by Morse Real Estate

Mall of the Bluffs Still for Sale

The Mall of the Bluffs has been a staple of the Council Bluffs community since it was built in 1986 along Madison Avenue near the Interstate 80 interchange. The 491,988-square-foot mall was the hot spot for shopping in the area for many years until competition from new shopping destinations appeared in the last decade.

It was set to be auctioned off this past Monday at noon through Wednesday at noon. The opening bid was set at $1.5 million dollars and bidding reached $4.5 million but did not go any further. It did not reach the secret reserve limit set by the auction company. Due to this, the current owners will continue to search for a buyer.

If you had to money to shell out for the property, what would you do with it?

 

Council Bluffs Area School Supply Lists

by Mike Morse

Council Bluffs and Omaha area stores are stocking up their shelves in preparation for back to school sales. Here is a list of the elementary school supply lists to see what you need to pack into your children's back pack this year. Click a school below to grab the list you need.

Bloomer Elementary
Carter Lake Elementary
College View Elementary
Crescent Elementary
Edison Elementary
Franklin Elementary
Hoover Elementary
Lewis & Clark Elementary
Longfellow Elementary
Roosevelt Elementary
Rue Elementary

Where are your go-to places to shop for your school supplies in Council Bluffs or Omaha?

WestFair gates are open!

by Morse Real Estate

WestFair is happening now in Council Bluffs across the river from Omaha!  It started this week on Wednesday and goes until Monday, July 27. The best news is the front gate admission is FREE!

Here are some things you can expect to see there.



Arena Schedule:

Thursday (7-23) - ATV Races 7pm
Friday (7-24) – Figure 8 Races
7pm
Saturday (7-25) – Motocross on the Bluff 2pm (Prelim) / 7pm (final)
Sunday (7-26) – Demolition Derby 7pm

Arena Event Admission:

FREE with your Westfair Membership


At the Arena Gate:

Adults - $10
Children (6-12) - $5 
Children 5 and under - FREE

Have you ever been to WestFair? Share your stories below.

Omaha Metro Activities: Mini Golf

by Mike Morse

 

 

 

 

 

 

 


If you are looking for an activity for date night or to do with the entire family but have exhausted the normal options, here is a great list for you today! Its time to hit the astro turf and track your score while playing miniature golf. This sport is known by other names such as putt putt golf or mini golf but it usually consists of small putting irons, colored balls, plastic grass, tiny holes and obstacles and odds stacked up against you.

Playing can become quite competitive and fun which makes it perfect for group outings. Here are several local places that offer miniature golf fun to check out this summer:

FUN-PLEX - 7003 Q Street, Omaha, NE 68117
www.fun-plex.com


 

Most locals in the Omaha metro area have visited or at least driven past this big time summer business. Mostly known for water slides, a lazy river, wave pool and go carts, this bustling place also offers 18 holes of miniature golf. Gameplay is included in the cost of admission which is $16.95-$24.95 per person depending on your age. Normal hours are 11am-8pm. That price grants you access to all of the attractions of the park. Or if you visit between 4pm-8pm you will only pay $12.95-$16.95 per person. Fun Plex's rides season will end August 14th, 2015.

PUTTING PLUS - 9216 Maple Street, Omaha, NE 68134
www.puttingplus.com

Another option for testing your talents is Putting Plus. The business specializes in one thing and they have been in business since 1967. They are open from 10am-11pm on most days of the week and have 3 different courses with 18 holes each. Prices range from $6.50-$3 per person depending on your age but they do run daily specials on Mondays, Thursdays and Saturdays. Their putting season ends on October 15, 2015.

PAPIO GREENS GOLF CENTER - 11050 S 66th St, Papillion, NE 68133
www.papiogreens.com/

Finally, Papio Greens Golf Center offers two challenging 18 hole courses. Avoid obstacles to your heart's content with their unlimited golf rate of $7 for adults or $5 per child.

 

Council Bluffs is lucky to be so close to Omaha's great entertainment offerings.


What are your favorite summer activities?

Displaying blog entries 1-10 of 11