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Tag Archives: new construction
Q4 2018: Des Moines Metro Housing Snapshot
By Kalen | Published January 16, 2019
The start of a new year is always a great time for developers, builders and real estate professionals to reflect on the past and start mapping out the future. Two-thousand-and-nineteen is going to be a year of change as national homebuilders enter the Des Moines Metro and with affordability and rising interest rates being a concern. Personally, I get excited when I think about the validation of a strong market, one that is strong enough to attract the attention and confidence of national builders. At the same time, now is the time to be more intentional than ever with collecting and analyzing data on what is selling – to help determine where and at which price points to build. When […]
Q1 2016: Des Moines Metro Housing Snapshot
By Kalen | Published March 07, 2016
Attendees of the Ninth Annual Builder & Developer Luncheon in February were provided with an update on the Des Moines-area new construction housing market and breakdown of lot inventories by city. Follow the links to access to my Q1 2016 presentation slides and complete housing statistics for 2015. Given 2015 was a RECORD YEAR with 8,795 single-family homes sold – compared with 7,935 total homes sold during a very strong market in 2005 – a look back over the past 12 months shows many encouraging signs that 2016 could be another great year for local builders. As of February 2016, the number of total active listings of single-family homes in the Des Moines market stood at 1,942, compared with 2,291 […]
Q4 2015: Des Moines Metro Market Snapshot
By Kalen | Published January 18, 2016
Sales of existing homes picked up the pace in 2015, returning Iowa to levels not seen since prior to the recession. It was a historic year with regards to the 8,795 total single-family and 1,456 new construction homes sold in the Des Moines-metro area. Activity is picking up as the housing recovery attracts more buyers in the 18 communities I track on behalf of Peoples Company throughout Greater Des Moines. At the same time, choices are still limited by a lack of available inventory within some buyers’ budgets. As of December 31, there were 2,043 active listings of single-family homes in the Des Moines-metro area, or 301 fewer than the previous year. The inventory of new construction homes increased slightly, as of December […]
Q3 2015: Des Moines Metro Market Snapshot
By Kalen | Published October 15, 2015
Central Iowa has something for everyone, thanks to job growth and the relatively low cost to get into an existing or new construction single-family home. In this – my Q3 2015 edition of the Des Moines Metro Market Snapshot – I’m presenting ten “Fast Facts” on inventories, price points, hot spots, homebuilders and more. 10 Fast Facts on the NEW CONSTRUCTION MARKET in Des Moines 1. The total inventory of single family units in the 18 Central Iowa communities I track fell by 320 – to 2,496 houses – compared with the year-earlier period. 2. Des Moines-area homebuilders showed no signs of slowing and they were ahead of schedule in the third quarter with 1,746 building permits pulled – as […]
Q2 2015: Des Moines Metro Market Snapshot
By Kalen | Published July 23, 2015
The Des Moines Metro Market Snapshot is a quarterly report featuring inventories of new construction and existing single-family homes in the 18 communities I track for Peoples Company. My reports cover the residential housing data and statistics presented during Peoples Company’s Annual Builder & Developer Luncheon, and provide updates on the Des Moines-area market throughout the year. The mercury is rising in Greater Des Moines, named as a Top 10 Hot Housing Market by the National Association of Realtors, amid increased levels of pending sales, homes SOLD and room for new construction throughout the region. Sellers are terrifically positioned to take advantage of this HEAT WAVE, fueled over the spring by low inventories – and contributing to higher average sales […]
Q1 2015: Des Moines Metro Market Snapshot
By Kalen | Published March 20, 2015
The Des Moines Metro Market Snapshot is a quarterly report featuring inventories of new construction and existing single-family homes in the 18 communities I track for Peoples Company. My reports cover the residential housing data and statistics presented during Peoples Company’s Annual Builder & Developer Luncheon, and provide updates on the Des Moines-area market throughout the year. The 2015 Builder & Developer Luncheon, presented by Peoples Company and Diligent Development, walked us through the prior year and provided a look to what’s ahead in for the Des Moines area housing community. My annual presentation is focused on comparing statistics, sharing information and leading a discussion about trends throughout the residential real estate and the new construction home market in Central […]
Q4 2014: Des Moines Metro Housing Snapshot
By Kalen | Published January 21, 2015
The Des Moines Metro Market Snapshot is a quarterly report featuring inventories of new construction and existing single-family homes in the 18 communities I track for Peoples Company. My reports cover the residential housing data and statistics presented during Peoples Company’s Annual Builder & Developer Luncheon, and provide updates on the Des Moines-area market throughout the year. The number of town homes sold in the Des Moines-metro area last year shot up by an impressive 108, compared with 2013, as total sales of single-family homes decreased by 1 percent. Interestingly, inventories of single-family homes remain very low in the Des Moines market after decreasing steadily for several years. There were only 2,342 of these properties on the market heading in […]
Q3 2014: Des Moines Metro Housing Snapshot
By Kalen | Published October 10, 2014
The Des Moines Metro Market Snapshot is a quarterly report featuring inventories of new construction and existing single-family homes in the 18 communities I track for Peoples Company. My reports cover the residential housing data and statistics presented during Peoples Company’s Annual Builder & Developer Luncheon, and provide updates on the Des Moines-area market throughout the year. Sales of single-family homes slowed a bit in August and September following a robust spring and early summer as buyers and sellers focused their attention on end-of-summer vacations, back to school preparations and seasonal pastimes such as the Iowa State Fair. Sales of existing homes have been more attractive for some buyers this year as the average new construction sale price has continued […]
