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  1. #1
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    Declining House Prices

    Real Estate Market Reports - Zillow Local Info

    Click on a town and see how prices have dropped in their graph.

    Zillow is a good website.


    Let my Fred's Posse Ride: Georges, 3sus Naz, Dustin, Bryce, Abdel, Monte, Matt, and Jameel.

  2. #2
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    Re: Declining House Prices

    Des Moines has stayed pretty steady. If anything they've gone up if you don't count inflation. I guess that's a good thing.



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    Re: Declining House Prices

    Throw LV into that graph. $306K to $128K in 4 years.



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    Re: Declining House Prices

    Why would I do this... so i can be depressed?



  5. #5
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    Re: Declining House Prices

    Quote Originally Posted by dmclone View Post
    Throw LV into that graph. $306K to $128K in 4 years.
    I sold my LV house in late 2004.


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    Re: Declining House Prices

    Quote Originally Posted by alaskaguy View Post
    I sold my LV house in late 2004.
    Smart move.



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    Re: Declining House Prices

    Just went to look at a house for a friend tonight in Dyersville. They're asking $47,800 for it. No, that's not a typo.



  8. #8
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    Re: Declining House Prices

    I question zillow's values... its saying my townhome is worth about 15k more than i bought it for back in 08 (more than 10% increase). While id love it to be true, im doubting it.



  9. #9
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    Re: Declining House Prices

    Quote Originally Posted by alarson View Post
    I question zillow's values... its saying my townhome is worth about 15k more than i bought it for back in 08 (more than 10% increase). While id love it to be true, im doubting it.
    Exact same for mine and I know I overpaid in '08 too. I'd love to sell mine at the zillow "value"




  10. #10
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    Re: Declining House Prices

    Quote Originally Posted by dmclone View Post
    Smart move.
    It was more of a lucky than a smart move.


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  11. #11
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    Re: Declining House Prices

    Still going down in KC too. Its a shame, but foreclosures are continually coming onto the market and helping to push prices down. Could really use some home building for the economy, unfortunately little market for it.



  12. #12
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    Re: Declining House Prices

    Trying to sell my home right now. Fortunately I'll probably get more than I paid for it in 99, but unfortunatly, I'm not going to get back what I invested in it since then. I'll probably lose 20 K on the deal, but that's not really that bad in the greater scheme of things.

    The other thing is the new house I bought is about 30 or 40 K less than it would have been just a few years ago.

    Oh well; win some, lose some.



  13. #13
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    Re: Declining House Prices

    Quote Originally Posted by no2cyclones View Post
    Just went to look at a house for a friend tonight in Dyersville. They're asking $47,800 for it. No, that's not a typo.
    Over the past 2-3 years there have been a half dozen or so houses for sale in Gladbrook for <$60,000. I think the cheapest one I saw was like $32,000. This summer for the first time I saw a decent looking house come on the market with an asking price within a couple grand of our place (see signature).


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  14. #14
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    Re: Declining House Prices

    Quote Originally Posted by besserheimerphat View Post
    Over the past 2-3 years there have been a half dozen or so houses for sale in Gladbrook for <$60,000. I think the cheapest one I saw was like $32,000. This summer for the first time I saw a decent looking house come on the market with an asking price within a couple grand of our place (see signature).
    The thing is there were houses like that for sale in those little towns for that price even during the housing boom. Location, location, location.

    If you're close to a metro area, tack a 100,000 onto everything. Too bad there aren't more decent jobs in small town Iowa. I could locate in one of those towns easy with my work, but harder for my wife and we don't want to commute.



  15. #15
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    Re: Declining House Prices

    We rented our other house for a year, put it on the market for a year (had it sold, **** you FHA), now are renting it for another year. We bought our new house well, so I suppose it will even out any losses on the other when it does sell.



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