Facts & Trends - Fall 2009

Region’s Housing MarketTurned the Corner in Third Quarter

entry level homes, sellers of those homes

can buy new, more expensive homes, and

we will see increasing average sales prices.

Home prices in our region continue to be

stable, as show in the Federal Housing

Finance Agency chart on page 6. Ranked by

price appreciation, all of our regional

markets are in the top 25% of 296

Metropolitan Statistical Areas nationally.

This continues to be a great time to buy a

home in our markets. Interest rates are still

near record lows – in the range of 5%-5.25%

for 30-year conventional and FHA

mortgages and 4.375%-4.625% for 15-year

mortgages. All sellers are advised to get

pre-approved for a mortgage before

listing their homes for sale if they are

planning to purchase a new home.

Because of the tightened credit

requirements, some sellers have sold their

homes only to find they no longer qualify for

a mortgage to purchase a new home. While

mortgage monies are still readily available

in our region to buyers with good credit,

nationally nearly one-third of all borrowers

who applied for a loan last year were turned

down, according to the Federal Reserve.

Call 1862 Mortgage to get preapproved at

563.441.1862.

Iowa Quad CitiesListing Inventory: There were 964 homes

and condominiums listed for sale as of

September 30, 2009, which is a 13%

decrease from last year when there were

1,103 properties for sale. The data this year

does not include 73 properties that are

classified as “To Be Built.”

Properties Sold: 11% fewer properties sold

and closed in 2009 compared to 2008, a drop

Facts & TrendsR u h l & R u h l R E A L T O R S • F a l l 2 0 0 9

R e a l E s t a t e

In this issue:

page 3Hard Facts About Our

Soft New

Construction Market

page 4 RuhlHomes.com ~

Totally New Website

page 6Ruhl Adds Property

Management to

Services

page 6Home Prices Stable

Here Compared to

National Depreciation

According to economists surveyed by the

National Association for Business

Economics, the recession, which began in

December 2007, has ended. Further, they

noted the housing recovery “will gather

momentum” and 2010 will be the first year

since 2005 that the housing sector will

contribute to overall growth. After flattening

out this year, house prices, they said, will see

a “modest gain of 2% in 2010.”

Third quarter marked the turnaround

point for housing sales in our markets. At

Ruhl&Ruhl, for example, we sold and

closed on 8.4% more properties during

the third quarter of 2009 than during the

third quarter of 2008, comparing 1,187

sales this year to 1,095 sales last year.

Pending sales written in September of 2009

and not yet closed were up 23% over

September of last year and sales written

during the first three weeks of October were

up 55%. So fourth quarter sales closed will

be well ahead of fourth quarter 2008 as well.

The 2009 Regional Real Estate Results

chart on page 2 shows that year to date the

number of properties sold is still down from

last year, ranging from 3% down in the Iowa

City area to 17% down in the

Maquoketa/Preston/Bellevue markets. This

reflects the devastating first quarter results.

In most markets, year to date sales volume is

also down more than the number of

properties sold. This is because more lower-

priced homes have been selling due to the

first-time homebuyer tax credit. This change

in the mix of deals to more lower-priced

sales and fewer higher-priced sales has also

resulted in lower average sales prices in

most of our markets. The good news is –

now that first-time buyers have purchased

RuhlHomes.com

– Continued on page 2RuhlHomes.com ~ 1

Sharon TahereRealtor

563.441.5057

[email protected]

Average % Change % Change % Change Active % Change2009 in Average 2009 in Number 2009 in Sales Listing In Active

Sales Sales Price Number Sold Sales Volume Count ListingsPrice from 2008 Sold from 2008 Volume from 2008 2009 from 2008

Cedar Rapids Area $150,300 -1% 2,818 -10% $423,530,600 -11% 1,574 -14%

Clinton/Camanche/Fulton $96,600 -6% 300 -13% $28,985,900 -19% 262 +7%

DeWitt $138,300 -2% 76 -7% $10,507,700 -10% 64 +19%

Dubuque Area $153,500 +7% 695 -13% $106,682,100 -7% 704 +15%

Illinois Quad Cities $114,000 +2% 1,257 -11% $143,340,100 -10% 972 -8%

Iowa Quad Cities $160,800 -2% 1,494 -11% $240,224,900 -13% 964 -13%

Iowa City Area $183,200 0% 1,889 -3% $346,022,800 -4% 1,580 +12%

Maquoketa/Preston/Bellevue $112,700 0% 85 -17% $9,578,400 -14% 57 -34%

Muscatine/Wilton $125,900 0% 336 -10% $42,286,400 -10% 298 -5%

Southwest Wisconsin $125,200 -12% 290 +23% $36,314,700 +8% 436 N/A

Through September

2 ~ RuhlHomes.com

2009 Regional Real Estate Results

from 1,663 sales last year through

September to 1,494 sales this year

through September.

Average Sales Price: The average sales

price in the Iowa Quad Cities fell by 2%,

from $164,500 in 2008 to $160,800 in 2009.

Residential Sales Volume: Sales volume

fell by 13% from $273,535,600 to

$240,224,900.

Illinois Quad CitiesListing Inventory: The number of

properties for sale is down 8% from

September of last year, a decrease from

1,059 listings last year to 972 listings this

year. This is preceded by a 6% increase

at the same time last year. The 2009 data

does not include 36 properties that are

classified as “To Be Built.”

Properties Sold: Year to date, 11% fewer

properties have sold than during this

period in 2008, comparing 1,257 sales

this year to 1,414 sales last year.


price increased 2% from $111,800

through September of 2008 to $114,000

through September of 2009.


shrank by 10% from $158,070,600 in

2008 to $143,340,100 in 2009. 37% of

Quad Cities’ sales volume was sold on

the Illinois side, which is consistent with

the same time period in 2008.

Cedar Rapids AreaListing Inventory: There were 1,830

residential properties listed for sale on

September 30, 2009, 14% less than at the

same time last year when there were

1,574 properties listed.

Properties Sold: 3,128 properties sold

and closed year to date, 10% fewer than

the 2,818 that were sold through

September of 2008.


price in the Cedar Rapids region was

$150,300 through September 2009, 1%

less than the average sales price of

$152,000 through September 2008.


fell 11%, from $475,558,300 in 2008 to

$423,530,600 in the same period of 2009.

Clinton, Camanche & FultonListing Inventory: There are 7% more

properties listed for sale this year than

last, comparing 246 properties for sale in

September of 2008 to 262 properties for

sale in September this year. This is

compared to an 8% decrease from 2007

to 2008.

Properties Sold: 13% fewer properties

sold and closed through September 2009,

a decrease from 346 sales in 2008 to 300

sales in 2009.


price in Clinton, Camanche and Fulton

during the first nine months of 2009 was

$96,600, 6% lower than the average sales

price of $103,000 through September of

2008.


was down 19% from $35,651,500 in

2008 to $28,985,900 in 2009.

DeWittListing Inventory: DeWitt’s listing

inventory is 19% more than last year, an

increase from 54 listings in September

2008 to 64 properties for sale in

September of 2009.

Properties Sold: 76 properties sold and

closed during the first nine months of

2009 compared to 82 sales in 2008, a 7%

decrease.


price of homes sold through September

2009 was $138,300, 2% less than last

year’s average sales price of $141,600.


in DeWitt shrank by 10% from last year,

a decrease from $11,612,700 to

$10,507,700.

DubuqueListing Inventory: There were 704

residential properties listed for sale in

Dubuque this September. This is a 15%

increase from last year’s 610 properties

listed.


sold and closed year to date compared to

last year, a decrease from 801 closings in

2008 to 695 closings through September

of this year.



2009 was $153,500, compared to the

average sales price of $143,000 through

September of 2008, a 7% increase.


year to date of $106,682,100 was down

7% from last year’s sales volume of

$114,510,700.

Iowa CityListing Inventory: There was an

– Continued from page 1

– Continued on page 4

New Housing StartsThrough September

RuhlHomes.com ~ 3

Iowa Quad Cities 502 366 266 189 -29%

Davenport 138 86 70 59 -16%

Bettendorf & Riverdale 129 98 75 61 -19%

Rural Scott County 116 90 58 22 -62%

Eldridge & Long Grove 58 25 23 22 -4%

LeClaire & Princeton 56 52 37 21 -43%

Blue Grass - City of 5 15 3 4 +33%

Illinois Quad Cities 185 194 118 95 -19%

Moline & Coal Valley 27 23 18 16 -11%

Rock Island 17 8 10 4 -60%

East Moline & Hampton 18 10 5 4 -20%

Colona 15 18 2 2 0%

Port Byron 8 4 3 1 -67%

Geneseo 13 13 6 4 -33%

Rural Rock Island County & Milan 45 62 37 26 -30%

Silvis 22 8 3 5 +67%

Whiteside County 20 48 34 33 -3%

Iowa City Area 436 534 410 383 -7%

Iowa City 86 113 85 94 +11%

Coralville 79 78 24 57 +138%

North Liberty 206 278 243 167 -31%

Rural Johnson County 39 41 45 35 -22%

West Branch 10 6 6 5 -17%

Williamsburg & Wellman 11 14 7 19 +171%

West Liberty 5 4 0 6 +100%

Cedar Rapids Area 526 499 500 468 -6%

Cedar Rapids 285 226 252 278 +10%

Marion 171 183 182 126 -31%

Rural Linn County 64 71 54 54 0%

Hiawatha & Mechanicsville Areas 6 19 12 10 -17%

Dubuque Area 381 340 229 291 +27%

Dubuque 66 72 46 54 +17%

East Dubuque 2 0 0 28 +100%

Galena 6 3 1 3 +200%

Jo Daviess County 103 80 58 30 -48%

Peosta 19 16 16 11 -31%

Surrounding Dubuque Area 185 169 108 165 +53%

Muscatine Area 57 49 37 28 -24%

Muscatine 16 15 8 14 +75%

Muscatine County 36 32 26 13 -50%

Wilton 5 2 3 1 -67%

Other Areas – Clinton, DeWitt & MaquoketaClinton 50 41 39 18 -54%

DeWitt Area 8 4 7 2 -71%

Maquoketa, Preston & Bellevue 7 9 5 1 -80%

Total Regional Starts 2,152 2,036 1,611 1,475 -8%

(Source: Municipal offices. There may be additional new homes built which are not included with this data.)

2006 2007 2008 2009% Changefrom 2008

As much as we in the Midwest like to think

we are insulated from the tremendous swings

in the market often experienced by the coasts

and some larger markets, the truth is – this

time we are in it too! Developers and

builders in our region continue to suffer

through a drought when it comes to

financing being available for anything from

a single spec home to any kind of new

development. Loans that are already on the

books are being scrutinized very closely,

with new appraisals and cash calls becoming

very common among builders and

developers of all sizes and capabilities. This

has resulted in a situation where shrinking

new home sales becomes a “self-fulfilling

prophesy” as spec inventories dwindle and

cannot be replaced, and pre-sold

opportunities are missed because of

tightened lending practices for both

consumers and builders.

In the region served by Ruhl&Ruhl

REALTORS, while the year-to-date sales of

all new residences is down from the same

period in ‘08, there are some signs of stability

and a few bright spots. The three largest new

construction markets within our region are

the Quad Cities, the Iowa City area and

Dubuque. Of the three, Dubuque has shown

the most stability, as unit sales recorded are

exactly equal to the same nine month period

in ‘08. Overall, Quad Cities market unit sales

have dropped 23% in the same period and

the Iowa City market is off by 26%.

Hardest hit in all of these markets is the

sale of free-standing houses. The three major

markets combined have suffered a 48%

reduction in sales so far this year, as

compared to the same period in ‘08. But,

sales of condos, townhomes and zero lot line

residences are up 13% across these same

markets. The net result is still a loss of 26%

in unit sales for these three markets but a

56% increase in market share for condos,

townhomes and zero lot line homes. An

additional underlying factor is that a

relatively high percentage of the condo sales

increase is in a price range of $150,000 and

less, meaning that fewer dollars were spent

and there was less “ripple effect” in our

HARD Facts AboutOur SOFT New

Construction Market

RuhlHomes.com/Careers.aspx

Change is GoodChange is Good

563.441.5102

For information on a real estate career, go to RuhlHomes.com/Careers.aspx

or call Darcy Holle, Director of Career Development,

563.441.5102– Continued on page 7

Regi

(NOTE: This representation is based in part on data suData maintained by the Boards or their MLS may not r

Iowa Quad Cities (Quad City Area Realtor Assoc.)

Davenport

Bettendorf & Riverdale

Blue Grass, Buffalo & Walcott

Pleasant Valley & LeClaire

North Scott

Miscellaneous

Condominiums

Illinois Quad Cities (Quad City Area Realtor Assoc

Rock Island

Milan & Rural Rock Island County

Moline

Coal Valley, Rural Moline, Miscellaneous

East Moline & Silvis

Colona, Green Rock, Port Byron, Upper Rock Island

Mercer County

Henry County South

Henry County North, Geneseo, Whiteside

Condominiums

Iowa City Area (Iowa City Area Assoc. of Realtors)

Iowa City

Coralville

North Liberty, Oxford, Tiffin & Conroy

Tipton & West Branch

West Liberty, Lone Tree & Hills

Williamsburg, Kalona, Wellman & Riverside

Corridor Area

Miscellaneous

Cedar Rapids Area (Cedar Rapids Area Assoc. of

South East Cedar Rapids

North East Cedar Rapids

South West Cedar Rapids

North West Cedar Rapids

Marion

Hiawatha & Robins

East of I-380: Mechanicsville, Anamosa, Mt. Vernon,

West of I-380: Walford, Fairfax, Atkins, etc.

Corridor Area: Solon, Ely, Swisher

Dubuque Area (Dubuque Board of Realtors)

Dubuque

North, South and West Dubuque

Illinois

Wisconsin

Muscatine Area (Muscatine Board of Realtors)

Muscatine

Wilton

Muscatine Outlying

Condominiums

Clinton, Camanche, Fulton Areas (Clinton Board

DeWitt Area (Quad City Area Realtor Assoc.)

Maquoketa, Preston & Bellevue Area (Jackson Co

Wisconsin (South Central Wisconsin MLS)

Grant County

Lafayette County

4 ~ RuhlHomes.com

2009 Through September

RuhlHomes.com ~ Totally New:Look, Functionality & Information

On September 1, Ruhl&Ruhl

REALTORS launched an improved, even

easier to use website, with additional

bells and whistles to provide much more

information, faster to our customers.

RuhlHomes.com, the #1 real estate

website in the area for 10 years, provides

detailed information on over 11,000

properties from ten different Multiple

Listing Services in the region, including

the Iowa/Illinois Quad Cities region;

Cedar Rapids, Clinton,

Dubuque, Iowa City,

Muscatine, Jackson

County, IA; DeKalb

and Sauk Valley, IL;

Southwest, WI; and the Realtors Land

Institute.

The website includes larger photos

and Guided Tours, and gives users the

ability to search available properties on

an interactive map. In addition, listing

information is updated more frequently

from each multiple listing service,

showing new listings and updates

several times a day, instead of once

every 24 hours, as it was previously.

The website also improved its current

Personal Shopper, a feature that allows

customers to be the first to know about

new listings through pre-registered

property search criteria. Customers can

now create multiple saved searches,

receive email notifications and new

properties that meet desired

specifications, and have the ability to

save any properties to their “Favorites”

to view at a later date.

For Ruhl&Ruhl clients, the new site

offers Seller Activity Reports, which

include web visit counts and information

on local competing properties, including

new listings and price changes, among

others. These reports are emailed weekly

to each client who currently has a

property listed with Ruhl&Ruhl.

In addition, each Ruhl&Ruhl agent

also has their own website, allowing

consumers more avenues to search for

properties and giving them access to

listings right from their agent’s website.

Additional benefits to users include:

• Easy to use property search, by map,

address, MLS #, price range, school

district, new construction and more.

• Market pricing trends, competitive

market analysis and other reports

available online for an overview of the

market and how your home compares.

• Online applications for a pre-approved

loan with 1862 Mortgage, a partner of

Ruhl&Ruhl REALTORS.

• New construction subdivision

informat ion and

ability to learn about

the many quality

builders represented

by Ruhl&Ruhl.

• Home Services Vendors listings that

provide resources for home repair,

information on how to hook up

utilities, and move preparation.

• Relocation information including

welcome packets and community

tours, cost of living comparisons,

schools, taxes and much more.

• From the website, users can download

Mobile Ruhl, an application used to

search and provide real estate listing

information on your cell phone.

Mobile Ruhl displays listings on a

map, has GPS capabilities to show

properties for sale in the area around

the user’s location and allows users to

view real time property information,

such as photos, square footage,

number of bedrooms and bathrooms,

and other property details. Consumers

are able to refine their search to see

almost any listing in eastern Iowa,

western Illinois and southwestern

Wisconsin using their personal cell

phones, whether it is listed by

Ruhl&Ruhl or another company.

In addition, Ruhl&Ruhl also updated

the look and function of the company’s

blog, www.RuhlBlog.com. The blog

includes real estate trends, facts and

information. It is accessible through the

new website as well.

Visit www.RuhlHomes.com to view

all the new capabilities and improved

functions Ruhl&Ruhl REALTORS has

to offer.

RuhlHomes.com ~ seeproperties for sale from tenMLS’s in the region...

ional Residential Real Estate Ac tiv i ty

upplied by the REALTOR Associations or their Multiple List ing Services. Neither the Boards nor their MLS guarantee or is in any way responsible for its accuracy.reflect all real estate activity in the market.)

964 $160,800 $240,224,900 1,494 97% 1,663 $164,500 $273,535,600

459 48% 124,400 98,748,900 794 53% 96% 907 129,000 117,007,300

175 18% 249,500 75,360,000 302 20% 97% 329 247,400 81,397,900

58 6% 172,800 10,024,900 58 4% 96% 58 164,700 9,552,700

51 5% 223,800 11,414,600 51 3% 97% 61 246,100 15,013,000

68 7% 205,600 15,827,400 77 5% 96% 93 213,900 19,892,300

30 3% 99,500 2,287,600 23 2% 92% 24 108,400 2,600,600

123 13% 140,500 26,561,500 189 13% 98% 191 147,000 28,071,700

c.) 972 $114,000 $143,340,100 1,257 96% 1,414 $111,800 $158,070,600

163 17% 94,800 20,087,300 212 17% 95% 246 87,400 21,492,600

65 7% 129,400 10,348,800 80 6% 95% 89 116,700 10,387,600

160 16% 103,200 31,585,800 306 24% 95% 323 108,100 34,926,200

29 3% 190,000 8,742,000 46 4% 96% 53 149,600 7,928,100

104 11% 100,700 14,096,500 140 11% 95% 186 97,000 18,041,500

Co. 60 6% 167,900 9,571,200 57 5% 95% 60 161,800 9,707,600

79 8% 93,200 9,694,200 104 8% 96% 114 80,500 9,174,000

58 6% 100,600 6,737,400 67 5% 96% 61 107,400 6,553,000

129 13% 129,500 21,878,400 169 13% 96% 201 132,000 26,526,300

125 13% 139,500 10,598,500 76 7% 96% 81 164,600 13,333,800

) 1,580 $183,200 $346,022,800 1,889 93% 1,954 $183,900 $359,302,200

580 36% 199,100 140,956,000 708 38% 95% 728 197,100 143,520,400

214 14% 223,100 55,773,300 250 13% 97% 272 233,700 63,578,500

271 17% 166,300 83,810,400 504 27% 98% 444 168,900 74,974,600

40 3% 134,900 6,880,100 51 3% 95% 61 155,900 9,510,500

57 4% 138,400 5,534,800 40 2% 95% 42 145,300 6,101,600

108 7% 150,700 15,525,400 103 5% 95% 96 153,400 14,731,100

86 5% 210,500 11,369,000 54 3% 97% 60 218,100 13,087,800

224 14% 146,200 26,173,900 179 9% 97% 251 134,700 33,797,900

Realtors) 1,574 $150,300 $423,530,600 2,818 97% 3,128 $152,000 $475,558,300

185 12% 134,100 43,324,900 323 11% 97% 309 126,400 39,057,100

180 11% 155,700 80,970,800 520 18% 97% 539 154,800 83,427,100

151 10% 138,300 55,438,400 401 14% 98% 470 134,000 62,980,200

99 6% 126,600 31,399,700 248 9% 97% 290 137,000 39,731,200

215 14% 167,100 77,883,000 466 17% 98% 567 173,200 98,216,400

45 3% 228,900 16,255,100 71 3% 98% 86 257,000 22,099,400

Lisbon, etc. 408 26% 142,500 56,014,600 393 14% 95% 409 142,800 58,406,200

144 9% 137,400 29,954,500 218 8% 93% 305 138,300 42,195,700

147 9% 181,400 32,289,600 178 6% 98% 153 192,500 29,445,100

704 $153,500 $106,682,100 695 94% 801 $143,000 $114,510,700

450 64% 157,700 74,262,400 512 74% 97% 586 144,000 84,403,100

182 26% 150,800 18,957,900 127 18% 95% 153 145,000 22,189,000

37 5% 96,700 1,741,300 18 3% 84% 26 132,600 3,447,600

35 5% 111,700 4,244,000 38 5% 89% 36 124,200 4,471,000

298 $125,900 $42,286,400 336 94% 375 $125,600 $47,108,900

181 61% 121,400 28,282,700 233 69% 95% 261 126,900 33,118,100

19 6% 140,000 4,199,200 30 9% 92% 35 135,700 4,748,700

71 24% 118,500 7,347,100 61 18% 95% 64 109,500 7,005,100

27 9% 213,500 2,561,500 12 4% 94% 15 149,100 2,237,100

of Realtors) 262 $96,600 $28,985,900 300 95% 346 $103,000 $35,651,500

64 $138,300 $10,507,700 76 92% 82 $141,600 $11,612,700

ounty MLS) 57 $112,700 $9,578,400 85 93% 103 $112,700 $11,612,700

436 $125,200 $36,314,700 290 84% 236 $142,700 $33,676,900

300 69% 114,700 25,960,000 224 77% 85% 181 135,900 24,603,600

136 31% 156,900 10,354,700 66 23% 84% 55 165,000 9,073,300

Current % of Active 2009 Avg. 2009 Sales 2009 % o Unit Sale/ 2008 2008 Avg. 2008 Sales

MLS Listings Listings Sales Price Volume # Sold Sales List # Sold Sales Price Volume

RuhlHomes.com ~ 5

6 ~ RuhlHomes.com

Ruhl&Ruhl Adds Property Management to Services

According to the Federal Housing

Finance Agency, home prices fell

nationally 6.1% from the second quarter

of 2008 to the second quarter of 2009.

In our markets, as shown to the right,

home prices increased: 0.14% in Cedar

Rapids; 0.84% in Dubuque; and 1.25%

in Iowa City; and decreased only 0.43%

in the Quad Cities. Additionally, of the

296 MSA’s (Metropolitan Statistical

Areas) ranked by appreciation, our

markets ranked highly, all in the top 35%

– Iowa City at 20th; Dubuque at 33rd;

Cedar Rapids at 64th; and the Quad

Cities at 93rd.

Prices in our region have been stable

in the lower price ranges, $150,000 and

under, due in part to the demand

triggered by the first-time homebuyer

tax credit. The depreciation we have

seen has been in the higher priced homes

– as sellers who were transferred or had

to sell chose to cut their carrying costs

and accepted lower offers, thereby

pulling down comparable sold

information and future appraised values.

Home Prices Stable Here Compared toNational Price Depreciation

Cedar Rapids, IA 64 +0.14% +9.23%

Davenport - Moline - Rock Island, IA - IL 93 -0.43% +14.47%

DesMoines - West DesMoines, IA 99 -0.56% +10.95%

Dubuque, IA 33 +0.84% +16.11%

Iowa City, IA 20 +1.25% +14.28%

USA -6.13% +6.70%

Percent Changein House PricesMetropolitan

Statistical Areas

National Rankingby Appreciationof 296 MSA’s* 1 Year 5 Years

Information courtesy of Federal Housing Finance Agency (FHFA) for second quarter 2009. FHFA statsalways run one quarter behind. Their full report is accessible at www.fhfa.gov.*Rankings based on annual percentage change in house prices.

Ruhl&Ruhl REALTORS now has a

Property Management Department,

expanding their services to better assist

their clients.

The Ruhl&Ruhl Property Management

Department provides comprehensive

property management to a wide range of

clients – from the investor with one or

two properties to large

apartment complexes.

The focus is on

residential property

management and tenant

placement services for

both renters and owners

of rental property. In

addition, the department

will provide assistance

and education in

purchasing investment real estate.

The division will initially service the

immediate Quad Cities area, with future

plans for expansion into Ruhl&Ruhl’s

additional markets, including Iowa City,

Dubuque, and Muscatine, Iowa.

“We are excited to offer this service to

property owners and tenants,” said Jason

Young, Ruhl&Ruhl Senior Property

Manager/Broker. “Our expertise and

tools to service our owners and potential

tenants will ensure the highest customer

satisfaction and timely response.”

The division operates using the

sophisticated Yardi Accounting System,

supplying owners with customized

reports and operating costs. “The team

also works to

enhance the

value of the

property by

preserving

the exis t ing

income stream

and minimizing

a n y l o s s ,”

Young added.

In addition,

the Ruhl&Ruhl Property Management

Department provides:

• Full management services for

investment or residential properties.

• From placing renters to managing

the property; to evictions and court

appearances.

• 24 hour emergency support.

• Reliable maintenance and repair

vendors.

• Professional property management

tracking software.

• Monthly reporting to owners.

• Tenant placement (owners):

• Rental market analysis.

• Advertising for the property.

• Provide qualified, screened renters.

• Turn the property and tenant over to

the owner for private management.

• Tenant Placement (renters):

• Tenant representation.

• Show potential renters the area and

available rentals.

• Follow-up to ensure customer

satisfaction and maintain relationship.

• Executive Transferee Rental Assistance:

• Provide information and tours of the

area.

• Show available executive rentals.

• Maintain long term relationship with

Ruhl&Ruhl REALTORS.

If you are a tenant or owner looking to

rent a property, call us to see if we can

help, or view all of our properties for

lease at:

www.RuhlPropertyManagement.com

563.441.5230

Jason Young, Ashley Brown, Edward Owens

RuhlHomes.com ~ 7

Scott County 267 195 131 -33% 253 219 160 -27%

Houses 158 105 80 -24% 162 157 104 -34%

Condos/Villas 109 90 51 -43% 91 62 56 -10%

Rock Island County 101 49 47 -4% 48 33 35 +6%

Houses 52 20 13 -35% 32 20 12 -40%

Condos/Villas 49 29 34 +17% 16 13 23 +77%

Scott & Rock Island Counties Combined 368 244 178 -27% 301 252 195 -23%

Houses 210 125 93 -26% 194 177 116 -34%

Condos/Villas 158 119 85 -29% 107 75 79 +5%

*Note: 2009 Active Inventory reflects homes under construction or completed. This year it does not include homes listed as “To Be Built.”(Source: Quad City Area REALTOR Association Multiple List ing Service. Data may not reflect all real estate activity in the market.)

Quad Cities New Construction Home SalesActive

Inventory9/30/07

Sales2008

Sales2007

ActiveInventory

9/30/08Sales2009

ActiveInventory

9/30/09*

Inventory2009

vs. 2008

Sales2009

vs. 2008Through September

Combined Iowa & Illinois Quad Cities MLS Statistics2005 2006 2007 2008 2009

Current MLS Listings 2,024 2,181 2,188 2,162 1,936

Average Sales Price $138,100 $138,900 $140,700 $140,300 $139,400

4otal Sales Volume $509,209,300 $498,979,000 $481,612,000 $431,606,200 $383,565,000

Total # of Sales YTD 3,687 3,592 3,424 3,077 2,751

Through September

increase of 12% in properties for sale in

September of this year compared to

September of last year, a step up from

1,406 last year to 1,580 homes and

condominiums currently on the market. In

September of 2008, listings were down

19% compared to the same period in 2007.

Properties Sold: Sales have decreased

3% from 1,954 properties sold through

the first nine months of 2008 to 1,889

sales closed through September of 2009.


price of homes sold in the Iowa City

region did not change. Through

September of 2009, the sales price was

$183,200, compared to $183,900 in 2008.


shrank 4%, decreasing from

$359,203,200 through the first nine

months of 2008 to $346,022,800 in 2009.

Maquoketa, Preston & BellevueListing Inventory: There are 57

properties for sale in the Maquoketa,

Preston, and Bellevue area, 34% less than

the 86 properties listed in September of

2008. This follows a 30% decrease in

2008, compared to 2007.


sold through the first nine months of 2009

than 2008, a decrease from 103 sales last

year to 85 sales this year.



of 2009 was $112,700, no change from 2008.


shrank by 14%, from $11,084,300

through September of 2008 to $9,578,400

through September of 2009.

Muscatine & Wilton AreaListing Inventory: There are 298 homes

and condominiums listed for sale in the

Muscatine and Wilton area, 5% less than

the same period in 2008 when there were

314 properties for sale.

Properties Sold: There were 10% fewer

residential properties sold through the

first nine months of 2009 than 2008,

comparing 336 sales this year to 375 sales

last year.


price in the Muscatine area was $125,900

as of September 30, 2009, slightly higher

than the $125,600 average sales price last

year during this period.


is down 10% in the Muscatine area year

to date, a decrease from $47,108,900 to

$42,286,400 in 2009.

Southwest WisconsinListing Inventory: There are 436

properties for sale in the southwest

Wisconsin region.

Properties Sold: There were 23% more

properties sold and closed year to date,

compared to last year, an increase from

236 closings in 2008 to 290 closings

through September of this year.



of 2009 was $125,200, compared to the

average sales price of $142,700 through

September of 2008, a 12% decrease.


year to date of $36,314,700 was up 8%

from last year’s sales volume of

$33,676,900.

various communities’ economies. Overall,

the decrease in sales volume is far greater

than the drop in number of properties sold.

As condo, townhome and zero lot line

home sales have increased from 35% to

55% of sales, their inventory levels have

fallen from 54% to 51% of the market,

leaving an overall market inventory that is

14% smaller than at the end of ’08, but

more balanced with current sales activity.

– Communities continued from page 2

– New Construction continued from page 3

For further information or to be added to our mailing list, contact Caroline Ruhl or Veronica Pianca

563.355.7474 • 5403 Victoria Avenue, Suite 100 • Davenport, Iowa 52807-3925

[email protected] or [email protected]

Call Ruhl&Ruhl’s Relocation Cen terWe provide FREE help with recruiting and relocation services:

800.346.8389 or [email protected]

contact

Veronica Pianca, Vice PresidentRelocation & Business De vel op ment

Welcome Packets: Community Overview

Mortgage Services ~ 1862 Mortgage

866.441.1862 • [email protected]

School Information

Community Tour

Visit our website at RuhlHomes.com for realestate listings and community in for ma tion.

Housing Information

Cost of Living Comparison

Free Market Analysis of Home

Relocation & Recruiting As sis tance

Corporate Relocation Center

5403 Victoria Avenue, Suite 100

Davenport, IA 52807-3925

ADDRESS SERVICE REQUESTED

8 ~ RuhlHomes.com

Sharon TahereRealtor

563.441.5057

[email protected]

Regional Residential Real Estate Ac tiv i ty

(NOTE: This representation is based in part on data supplied by the REALTOR Associations or their Multiple List ing Services. Neither the Boards nor their MLS guarantee or is in any way responsible for its accuracy.Data maintained by the Boards or their MLS may not reflect all real estate activity in the market.)

Iowa Quad Cities (Quad City Area Realtor Assoc.) 964 $160,800 $240,224,900 1,494 97% 1,663 $164,500 $273,535,600

Davenport 459 48% 124,400 98,748,900 794 53% 96% 907 129,000 117,007,300

Bettendorf & Riverdale 175 18% 249,500 75,360,000 302 20% 97% 329 247,400 81,397,900

Blue Grass, Buffalo & Walcott 58 6% 172,800 10,024,900 58 4% 96% 58 164,700 9,552,700

Pleasant Valley & LeClaire 51 5% 223,800 11,414,600 51 3% 97% 61 246,100 15,013,000

North Scott 68 7% 205,600 15,827,400 77 5% 96% 93 213,900 19,892,300

Miscellaneous 30 3% 99,500 2,287,600 23 2% 92% 24 108,400 2,600,600

Condominiums 123 13% 140,500 26,561,500 189 13% 98% 191 147,000 28,071,700

Illinois Quad Cities (Quad City Area Realtor Assoc.) 972 $114,000 $143,340,100 1,257 96% 1,414 $111,800 $158,070,600

Rock Island 163 17% 94,800 20,087,300 212 17% 95% 246 87,400 21,492,600

Milan & Rural Rock Island County 65 7% 129,400 10,348,800 80 6% 95% 89 116,700 10,387,600

Moline 160 16% 103,200 31,585,800 306 24% 95% 323 108,100 34,926,200

Coal Valley, Rural Moline, Miscellaneous 29 3% 190,000 8,742,000 46 4% 96% 53 149,600 7,928,100

East Moline & Silvis 104 11% 100,700 14,096,500 140 11% 95% 186 97,000 18,041,500

Colona, Green Rock, Port Byron, Upper Rock Island Co. 60 6% 167,900 9,571,200 57 5% 95% 60 161,800 9,707,600

Mercer County 79 8% 93,200 9,694,200 104 8% 96% 114 80,500 9,174,000

Henry County South 58 6% 100,600 6,737,400 67 5% 96% 61 107,400 6,553,000

Henry County North, Geneseo, Whiteside 129 13% 129,500 21,878,400 169 13% 96% 201 132,000 26,526,300

Condominiums 125 13% 139,500 10,598,500 76 7% 96% 81 164,600 13,333,800

Iowa City Area (Iowa City Area Assoc. of Realtors) 1,580 $183,200 $346,022,800 1,889 93% 1,954 $183,900 $359,302,200

Iowa City 580 36% 199,100 140,956,000 708 38% 95% 728 197,100 143,520,400

Coralville 214 14% 223,100 55,773,300 250 13% 97% 272 233,700 63,578,500

North Liberty, Oxford, Tiffin & Conroy 271 17% 166,300 83,810,400 504 27% 98% 444 168,900 74,974,600

Tipton & West Branch 40 3% 134,900 6,880,100 51 3% 95% 61 155,900 9,510,500

West Liberty, Lone Tree & Hills 57 4% 138,400 5,534,800 40 2% 95% 42 145,300 6,101,600

Williamsburg, Kalona, Wellman & Riverside 108 7% 150,700 15,525,400 103 5% 95% 96 153,400 14,731,100

Corridor Area 86 5% 210,500 11,369,000 54 3% 97% 60 218,100 13,087,800

Miscellaneous 224 14% 146,200 26,173,900 179 9% 97% 251 134,700 33,797,900

Cedar Rapids Area (Cedar Rapids Area Assoc. of Realtors) 1,574 $150,300 $423,530,600 2,818 97% 3,128 $152,000 $475,558,300

South East Cedar Rapids 185 12% 134,100 43,324,900 323 11% 97% 309 126,400 39,057,100

North East Cedar Rapids 180 11% 155,700 80,970,800 520 18% 97% 539 154,800 83,427,100

South West Cedar Rapids 151 10% 138,300 55,438,400 401 14% 98% 470 134,000 62,980,200

North West Cedar Rapids 99 6% 126,600 31,399,700 248 9% 97% 290 137,000 39,731,200

Marion 215 14% 167,100 77,883,000 466 17% 98% 567 173,200 98,216,400

Hiawatha & Robins 45 3% 228,900 16,255,100 71 3% 98% 86 257,000 22,099,400

East of I-380: Mechanicsville, Anamosa, Mt. Vernon, Lisbon, etc. 408 26% 142,500 56,014,600 393 14% 95% 409 142,800 58,406,200

West of I-380: Walford, Fairfax, Atkins, etc. 144 9% 137,400 29,954,500 218 8% 93% 305 138,300 42,195,700

Corridor Area: Solon, Ely, Swisher 147 9% 181,400 32,289,600 178 6% 98% 153 192,500 29,445,100

Dubuque Area (Dubuque Board of Realtors) 704 $153,500 $106,682,100 695 94% 801 $143,000 $114,510,700

Dubuque 450 64% 157,700 74,262,400 512 74% 97% 586 144,000 84,403,100

North, South and West Dubuque 182 26% 150,800 18,957,900 127 18% 95% 153 145,000 22,189,000

Illinois 37 5% 96,700 1,741,300 18 3% 84% 26 132,600 3,447,600

Wisconsin 35 5% 111,700 4,244,000 38 5% 89% 36 124,200 4,471,000

Muscatine Area (Muscatine Board of Realtors) 298 $125,900 $42,286,400 336 94% 375 $125,600 $47,108,900

Muscatine 181 61% 121,400 28,282,700 233 69% 95% 261 126,900 33,118,100

Wilton 19 6% 140,000 4,199,200 30 9% 92% 35 135,700 4,748,700

Muscatine Outlying 71 24% 118,500 7,347,100 61 18% 95% 64 109,500 7,005,100

Condominiums 27 9% 213,500 2,561,500 12 4% 94% 15 149,100 2,237,100

Clinton, Camanche, Fulton Areas (Clinton Board of Realtors) 262 $96,600 $28,985,900 300 95% 346 $103,000 $35,651,500

DeWitt Area (Quad City Area Realtor Assoc.) 64 $138,300 $10,507,700 76 92% 82 $141,600 $11,612,700

Maquoketa, Preston & Bellevue Area (Jackson County MLS) 57 $112,700 $9,578,400 85 93% 103 $112,700 $11,612,700

Wisconsin (South Central Wisconsin MLS) 436 $125,200 $36,314,700 290 84% 236 $142,700 $33,676,900

Grant County 300 69% 114,700 25,960,000 224 77% 85% 181 135,900 24,603,600

Lafayette County 136 31% 156,900 10,354,700 66 23% 84% 55 165,000 9,073,300

Current % of Active 2009 Avg. 2009 Sales 2009 % o Unit Sale/ 2008 2008 Avg. 2008 Sales

MLS Listings Listings Sales Price Volume # Sold Sales List # Sold Sales Price Volume2009 Through September

Facts & Trends - Fall 2009

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