Quad City Real Estate Sales stats 2/8/2011-3/10/2011

                          Active      Pending    Avg./LP         Avg./SP        #Sold
Rock Island           163         31           $122,963       $64, 814         14
Moline                   179         32           $143,880       $110,140       20
East Moline            124        33           $129,394        $77,154         10
Bettendorf              173        42           $312,457        $229,435       20     
Davenport              393        131         $146,394        $102,278       59
SW RI                   68           19          $182,177        $156,064        4
Upper RI                47           8            $299,490       $15,750          2

Source: Quad City Area Realtor Association

Here are updated stats from 2/8/2011 -3/10/2011. One very important thing I want everybody to pay attention to is the average list price (LP) versus average sale price (SP). There is a huge gap in what is actually listed and what is actually selling. This is data you must understand if you are going to try to sell your house in this market. It must be priced better than its competition. Even then, the pool of buyers is small. On the positive side, especially if you are a move up buyer, then you can afford to take a hit on your current house because you will be getting a great deal on your move up home. Not only do we have these historically low prices but interest rates are phenomenal. This market represents one of the best opportunities in real estate ever. Please contact me if you have any questions. I can be reached via e-mail tylerfuhr@remax.net , cell 309-314-4305 or by text. Have  a great day!