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Market Conditions in Davenport : Real Estate Advice

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  • Home Buying25
  • Home Selling1
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Activity 7
Sun Nov 23, 2014
Tim Moore answered:
Telling us what area might get some better replies. Not all markets are declining.
0 votes 1 answer Share Flag
Wed Nov 6, 2013
Lucky Lang answered:
Market conditions in Davenport, IA are great!

Having been in Real Estate Sales for 22 years, I'm having my BEST year this year!

Do you have specific questions?

Thanks!
1 vote 1 answer Share Flag
Sun May 31, 2009
Lee asked:
are building works still ongoing. Will it be good for short term rental? Any opinions?
0 votes 0 Answers Share Flag
Wed Sep 3, 2008
Paul David Hiebing answered:
Jesse,

Yes being in Florida does change the whole scenario completely.... However the same rules to foreclosure prevention apply no matter where you live... Iowa, Florida or wherever... with a few minor differences..

You say that you doubt that you can rent your current home for enough to cover the $1,300/month mortgage payment.... which is probably true...... However, if you can rent the property for, lets say, $1,000/month, cover the additional $300/month for the mortgage payment, have some cash reserves left over to cover general maintenance, repairs, etc....... this will probably be a much better way to go than letting the home go to foreclosure..

While it will mean a loss to you for a period of time.... Always Remember... 60% of something is better than a 100% of nothing any day.

Good Luck,

Paul H.
... more
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Thu Apr 3, 2008
Carol Wilsey answered:
It depends on the area you choose, Raymond. But, prices have not been this low in ages (I have been in Florida for almost 20 years). And, of course, working with a good Broker who represents YOU is important, too. The old adage about LOCATION, LOCATION, LOCATION means much more than just the area of Florida, but the town, the community, the amenities, and the views. There is a lot to choose from, so having someone perform the due diligence for you will get you the most for your money. And, some markets, like Naples, are still holding their own in terms of volume and prices in certain neighborhoods. That is a good sign of a place strong enough to weather the storm! ... more
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Mon Jan 14, 2008
Dirk Knudsen answered:
Well they could to the exent there is a lot of them and the area is noisy with lots of interim tenants. Otherwise I say no. My beach home, which I no longer have sadly, was really one of the best rentals we had. It did not always throw off quite enough cash to pay for itself but it was close.

In Oregon the beach is only a hot spot in the Summer and fall anyway. So it worked for us. Our neighbors complained a few times as we had a group or two get out of hand but we had their VISA cards and hit them for damages where we could. It was good fromt he standpoint that we used it as a vacation spot for us too.

So I say no. There is a demand for this type of property form other owners and I think in most markets the short term rental zoning or designation brings with it a slight premium investment element. Better make sure if you are zoned for this as it is often the case that there is special zoning for such things!

Great question.... good luck with that.

Dirk Knudsen
Re\max Hall of Fame
#1 Rated Team in Oregon
"The Real Estate Doctor"
... more
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Sun Sep 30, 2007
Colin Stafford answered:
Hi Tim

What type of details are you looking for? For example:

As of today, there are 28 Aviana properties listed for sale on the MLS. The least expensive is a 4/3 1935 Sq Ft pool home for $269,900. The most expensive is a 5/4/1, 2827 sq ft pool home for $509,000. Fifteen contract have closed this year, ranging from $328,000 to $499,000. Some of these homes are Park Square and some could be Meritage properties.

These are all resale homes. Are you interested in new properties?
... more
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Market Conditions in Davenport Zip Codes

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