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Hunziker & Associates, REALTORS®

In This Issue

Recap 1st 6mo. 2013

Interest Rates are Rising

Home Renovation

Des Moines Home Expo

Iowa Games 2013

Market Numbers
July Area Events
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  Ames on the Half Shell
Fridays in July
Bandshell Park, Ames

Midnight Madness 2013
Sat., July 13, Lots open at 9am
Iowa Speedway

American Ethanol 200 NASCAR Camping World Truck Series
Sat., July 13, 12pm-3:30pm
Iowa Arboretum, Madrid

10th Annual Garden Art Fair
Sunday, July 14 from 9:00am to 4:00pm
Reiman Gardens, Ames

Story County Youth Fair
July 19-24

Boone County Fair
July 18-21
Boone County Fair Grounds

Second Annual Health & Wellness Expo
Sat., July 20, 1pm-5pm
ISU Scheman Building, Ames

Evening Prairie Walk
Sat., July 20, 7pm
Doolittle Prairie
Story City

RAGBRAI Street Party
Tues., July 23, 11am - 10pm
Court Avenue Bridge
Des Moines

Adult/Child Canoe Trip
Sat., July 27, 9am
Start at McFarland Park Ames

Family Fun Night
Sun., July 28, 5pm-7pm
Prairie Ridge Aquatic Center

Movies Under the Stars
Friday, July 26, at dusk
Bandshell - Wagner Park

Useful Websites
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  Ames Chamber Logo
The Ames Chamber of Commerce

City of Ames Logo
The City of Ames

Ames CVB
Ames Convention and Visiors Bureau

Ankeny Chamber Logo
The Ankeny Chamber of Commerce

City of Ankeny Logo
The City of Ankeny

Booone Chamber Logo
The Boone Chamber of Commerce

Nevada Chamber Logo
The Nevada Chamber of Commerce

Ames Main Street Cultural District
Ames Main Street Cultural District

Interest Rate Info
Interest Rate Information


Market Recap First 6 months

The first 6 months of 2013 reflect a decrease in sales compared to the same time frame of 2012. This can be partially due to the lack of homes for sale. In the Ames Residential market, the homes currently listed for sale is down 35% compared to the number of listings 1 year ago. Certain price ranges are seeing a real lack of inventory, causing those homes that come on the market that are priced correctly and in good condition to sell quickly. For example, in the price range of $175,000-$225,000 there are currently only 15 homes for sale. In the first 6 months of this year, 67 homes have already sold in that same price range. See below to see how the first 6 months of 2013 compare to 2012. 1st6moRecap

Interest Rates are on the Rise

InterestRateChart Mortgage rates moved to within a hair of the 4% barrier this week, according to mortgage giant Freddie Mac.

The average rate for 30-year, fixed-rate loans rose 0.07 percentage point to 3.98%, and is up 0.63 percentage point since the week of May 2. Rates have not been this high since the week of April 12, 2012.

Click to go to video The recent improvement in the employment picture should result in more home buying, which would pressure rates even higher. Rates have also been going up because the Federal Reserve has signaled that it might cut back on buying mortgage-backed securities. If that happens, lenders would likely charge higher rates to make the securities more attractive to other buyers.

The increase will boost monthly mortgage payments for homebuyers by about $33 for every $100,000 borrowed. Gumbinger said that will discourage some existing homeowners from refinancing their loans if they already have a competitive rate but "[It] shouldn't be a major setback for a home purchase transaction."

Read full story from CNN here.

Celebrating 10 Years!  Join Us for a party on Saturday, July 13, following the Summerfest parade until 2pm.  Food and Drinks provided.  We appreciate all your trust the last ten years.

Home Renovation Boom

With the real estate market heating up, it appears that American homeowners are ready to start remodeling again. After years of decline, home-improvement spending increased 9% in 2012, according to the Joint Center for Housing Studies at Harvard University, which predicts a double-digit surge for 2013.
Click to go to video

Iowa Games 2013



Ames Market Numbers

  Ames 2013 Ames 2012 Story County 2013 Story County 2012
Active listings as of 7/2/2013 126 194   109 185
Homes SOLD Year to Date 271 296   164 114
Average Sale Price $193,948 $193,310   $138,428 $147,993
Average Days on the Market 69 97   114 107
Sale Price to List Price Ratio 96.4% 95.8%   94.0% 93.7%

Based on Sales information as reported to the Central Iowa Multiple Listing Service as of 6/30/2013
Ames - Ames Residential and Rural Subdivisions
Story County - Residential, excluding Ames and Ames Rural Subdivisions
Hunziker Logo

Hunziker & Associates, REALTORS® has been helping people buy and sell homes in Central, Iowa for over 50 years. With offices in Ames, Ankeny, Boone and Nevada, our real estate agents can help you find the "right" place to call home. Our agents have access to hundreds of homes for sale in the Ames, Ankeny, Boone and Nevada areas through the various Multiple Listing Services (MLS). Corporate office location 105 S. 16th St. Ames, Iowa 50010, phone number 515-233-4450. Agents and Brokers are licensed in the state of Iowa.