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Morse Real Estate's New Office

by Morse Real Estate

Morse Real Estate is excited to announce the opening of a new office in central Council Bluffs, Iowa. This facility is located on the busy corner of West Broadway and S. 7th Street, just one block northwest from Bayliss Park

Morse Real Estate was established in 2010 by Council Bluffs native, Mike Morse. After a successful 20-year career in residential and commercial real estate, Mike launched the brokerage. Over the past 9 years, it has continued to grow as a family-owned and operated virtual brokerage.

“Our agents have been working at our virtual brokerage for years and have helped thousands of people make a move. They have either worked from home or a remote office and have met clients wherever was convenient for the client.” Mike said. 

After years of successfully operating the virtual brokerage, the number of agents began to grow. Getting a physical office was the next step to providing a larger community presence and increasing resources for Morse Real Estate agents.

“We were on the lookout for a central location that would be easy for our busy clients and active agents. We found the perfect place and received keys in the beginning of February. After gaining access, our family pulled together to plan out the office and take on the challenge of the remodel. It was worth the effort.” Mike said.

The work space features modern technology in a comfortable setting to allow agents to focus all day or simply stop by to write contracts. The design of the space was inspired by a 3D rendering that his daughter and office manager, Christy Rhoades, drafted. The space is fresh, airy, and contemporary.

“Our REALTORs are so mobile that most work from their cars, home offices or coffee shops. However, in this fast-paced market, agents really have to manage everything even quicker and on the go. This new office allows them to do that seamlessly.” Mike said. “Since opening, I have had clients come for consultations and they comment about how clean and beautiful the space is. We couldn’t be more excited for the future of our service to the local community.”

Morse Real Estate hosted an agent open house on April 4. The agents were able to walk through the space and see it and celebrate with Mike and his family.


(From left to right: Mike R. Morse, Shannon Snipes, Christy Rhoades, Mike Kent, Abby Tietsort, Mike Morse, Deb Peraza)

(Capre Kennett)
(Eric Mace)

During the remodel, Nebraska and Iowa experienced some of the worst flooding witnessed in recent history. Since opening, Morse Real Estate has seen an increase in the need for professional advice and guidance in the local real estate market.

“With all of the flooding recently, our agents have received so many calls from families that have had to move out of places like Pacific Junction, Glenwood, and Bartlett. It’s heartbreaking. As agents, we want to help them find somewhere to live and do it quickly. I have never seen so many people displaced locally. Iowa and Nebraska needs to continue pulling together and help each other out.”

With the opening of the new office in Council Bluffs, Morse Real Estate and its agents will continue to service residential and commercial real estate clients in the Omaha, Nebraska and Council Bluffs, Iowa metro area. Consultation appointments can be made by calling the office at 712-435-1900 or by contacting one of the expert agents directly at www.morse-re.com/agents.

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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!

The Difference An Hour Makes

by Morse Real Estate

Every Hour in the US Housing Market: 

  • 633 Homes Sell
  • 253 Homes Regain Positive Equity
  • Median Home Values Go Up $1.43

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
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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.

Listings SOLD in 10 days or less

by Morse Real Estate

With a knowledgeable agent, attention to detail and the right market, homes can be listed for sale and purchased within a few hours. Today's market is full of fast sales and happy buyers and sellers. See the 4 listings below that have sold in less than 2 weeks!



1034 E Washington Avenue, Council Bluffs, IA 51503
This home was listed by Mike Morse after it had been on the market for 122 days with another agency. It is a 4 bedroom, 1 bathroom home with 1,561 finished square feet. In less than 24 hours with Mike, it was sold!


550 Coronado Circle, Carter Lake, IA 51510
This beautiful ranch is seated right on the water and boasts 2,971 finished square feet with 4 bedrooms and 3 bathrooms. Abby Tietsort got this incredible home listed and sold in only 6 short days!


9 Windsor Avenue, Council Bluffs, IA 51503
Located in a desirable, east-end neighborhood, this split-level is beautiful on the inside with 4 bedrooms and 1.75 bathrooms and a large, fenced backyard. Christy Rhoades found a buyer for this home before it was even listed for sale!


2119 N 120th Avenue, Omaha, NE 68164
This bank-owned townhouse in Omaha had multiple offers and was listed by Mike Morse and sold within 10 days! It features 1,807 finished square feet and has 2 bedrooms and 2 bathrooms.

Speak to one of our agents today to find out how to prepare your home for a fast sale!

Families in Business

by Christy Rhoades

This week our brokerage was featured in the “Families in Business” write-up in the Daily Nonpareil, a publication serving Council Bluffs and southwestern Iowa. Mike, my father and owner of the company, received a call asking if he wanted to be interviewed for the newspaper. We were very excited to be thought of since we are very much a ‘family in business’ and have been since 2011. During a very busy week, my father, my brother and I were able to get an updated portrait from A Better Exposure out of Omaha. Getting all three of us together at the same time seems to be getting more challenging as the months pass but somehow we were able to make it all to the appointment.

Some families are not able to work well together, but luckily we have found a groove where each of us are able to utilize our past experiences to grow the business. Our current agents are amazing and we cannot wait to see what the future holds!

Click the article to enlarge and read it. Share it with someone who would like to buy or sell now or in the future.

Here is another photo taken that day (click to enlarge):

What do you think? Which is your favorite?

Written by Christy Rhoades

How Many Homes Sold in 7 Days?

by Morse Real Estate

Since March 21, the market has picked up substantially in both Omaha and Council Bluffs areas.

What Does This Mean For Buyers?

There is a lot of competition out there right now for your dream home. Prices are going to continue to climb, act now before you are priced out of your future home.

What Does This Mean For Sellers?

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.

Here are the statistics for the last 7 days:

Homes that sold in the Omaha area: 194 Homes

Average home price: $200,175

Homes that sold in the Council Bluffs area: 29 Homes

Average home price: $129,143

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

 

5 Fall Staging Ideas for Your Listing

by Morse Real Estate


Here are some great ideas to update your listing and add some pizzazz during these cozy fall months to entice buyers to stay a little longer.

1. Add in some fall scents. Smells of apple pie, pumpkin and cinnamon, and leaves all can offer up buyers a cozy, warm feel for fall. Try scented candles or melted wax in warmers.


2. Lighten up. With shorter days, be sure to take advantage of the natural light as much as you can by opening the drapes and blinds. You may also need to add more light in with floor and tabletop lamps.


3. Rake the leaves. The leaves will soon be falling and great curb appeal is important for your listing. Rake up leaves and be sure to trim back any overgrown or dead plants. Also, trim trees and hedges to make sure they are not overshadowing the home’s windows or porches.


4. Decorate with mums. Some pots of orange or gold chrysanthemums can instantly brighten up a porch and deck – they’re cheap and hardy too. Also, pumpkins can add a seasonal touch and pops of color to the outside too – just be sure to not overdo it.

5. Show off the fireplace. If the listing has a fireplace, make sure it’s clean and highlighted. You probably don’t want it turned on during showings and left unattended. But you can highlight it with décor, like a simple vase of pinecones, on the mantle or hearth. During an open house, when a real estate professional is present, you may want to have the crackling fire on to add to the home’s coziness this fall.

5 Fast Stats for August

by Morse Real Estate

The month of August is officially behind us and September has begun. That means it is time to look at 5 interesting details for the month of August!

1. Cheapest home sold in Omaha
Not even bank-owned, this property sold for only $16,500 in 3 days. Seller paid cash for this vacant 2 bedroom ranch with appliances included and hardwood floors.

2. Most expensive home sold in Omaha
Have you ever wanted your own tennis court? You could have bought a home with a private one outside AND a basketball/sports court inside the lower level. It featured over 9,200 square feet, portico, 5 car garage, large office, game room, rec room, and all for $1,225,000. It was only on the market for 48 days. Don't forget the $26,636 due annually for taxes.

3. Cheapest home sold in southwest Iowa
A bank owned, bargain selling for just $10,600 in Mondamin. This ranch had 3 bedrooms, 2 baths, half an acre of land and was in need of serious TLC.

4. Most expensive home sold in southwest Iowa
For $433,000, you could have owned a custom ranch on just under a 1/2 an acre at Fox Run in Council Bluffs. It featured TWO master suites, 4,400+ square feet, 3 fireplaces, a full second kitchen and a waterfront view.

5. Number of homes and condos sold
There were 1,302 homes and condos sold in southeastern Nebraska and southwestern Iowa in the month of August. That is a lot of paperwork!

Which part of the real estate transaction makes you the most curious? Let us know.

 

Statistics for July 2015

by Morse Real Estate

Market Statistics for July 2015

See the charts below for the most up-to-date market statistics for southwest Iowa.


The southwest Iowa market statistics for July are impressive. As you can see in the first chart, homes are selling nearly twice as fast this year in July than compared to last year! A home in this area is averaging only 48 days on the market. That is a fast sale especially for the Midwest.

The second chart shows us that July of 2015 was a record breaking month when it comes to how quickly homes are selling. Making it the fastest turn around since at least July of 2012. All of this data represents a seller's market full of fast-moving and ready buyers!

A summary of the city specific data above shows the average number of days a Council Bluffs home was on the market in July was 41.9 days and 38.8 days for homes in Glenwood. Homes in Carter Lake and Crescent are selling in under 34 days!

The median sales price for the entire market has increased this year by nearly $7,000 which is great news for most homeowners in the area. It means that their real estate investment is increasing. Council Bluffs homes saw an average increase of over $17,000 in their sales price. Overall, Glenwood actually saw a decrease from last year of over $14,000.

A lot of factors are in play in the market which affect the average sales price. Be sure to speak with one of our knowledgeable Realtors to get specific information regarding your property and needs.

Data sourced from Iowa Association of Realtors

 

Displaying blog entries 1-10 of 13