August 2023 Recap at Oakridge Real Estate

We are finally starting to feel little bits of fall here in the Cedar Valley. As we start to enter the fall months we are excited to recap all that has taken place! Our August recap is filled with stats, our new team stats, the 17th Annual Pink Ribbon Run, escrow analysis information from our friends at GreenState Credit Union, monthly top performers, August listing of the month and Fall in in the Cedar Valley. Here's to another month of doing what we love in the Cedar Valley!

Oakridge Monthly Recap

The Cedar Valley market continues to be busy with our team completing 109 transactions in August! When it comes to getting your home sold you can rely on our team of trusted Realtors. In August homes listed by an Oakridge Agent sold for an average 101.7% of their list price and sold in an average of 10 days. That is 2.6% MORE and 15 days faster than the MLS average. Our MLS is the Northeast Iowa region consisting of 107 offices and 800+ Realtors.

Join us for the 17th Annual Cedar Valley Pink Ribbon Run!

Oakridge is a proud sponsor of the Cedar Valley's Annual Pink Ribbon Run. The event will be held Saturday, October 7 at the River Plaza in Cedar Falls. The 5K run/walk begins at 8AM. If you want to participate you can register at this link. Your Oakridge crew will be greeting competitors at the finish line with water. Hope to see you there!

What is an Escrow Analysis? Our friends at GreenState Credit Union are sharing all the info that you need to know.

To understand what an escrow analysis is, we must first understand what an escrow account is. 

An escrow account is an account established at the time of mortgage closing to hold the property taxes and insurance premiums. When an escrow account is established the monthly payment due from the borrower will include the actual loan principal and interest, plus the monthly equivalent of the property taxes and insurance premium for the home. When the taxes and insurance items are due, they are paid by the mortgage lender from the homeowners’ escrow account. 

Now that we have that understanding, let’s walk through what an escrow account analysis is. 

An escrow analysis happens annually for anyone who has an escrow account set up with their mortgage. Property taxes and insurance premiums can adjust annually, which requires the lender to determine if they are collecting the right amount from the borrower monthly to pay the upcoming premiums. In addition to ensuring the appropriate amount is collected monthly, the lender is required to always have a two- month cushion in the escrow account to handle any increase in premiums. These two calculations could impact your monthly payment going forward.

It doesn't end there! Continue reading the full post sharing more information & answering questions here!

August Top Performers

Congrats to our August top performers! Top performers include Luke & Becky Bartlett, Josh & Sarah Bey, Bob Delveau, Bryn Mangrich, Carl Ericson, Justin Reuter, Karmen Schwake, Lauren Duhaime, Rachel Iverson, Sara Junaid, Sara Wegmann, Troy Olson and Valerie Kolpek.

August Listing of the Month: The Stellar Renovated Ranch in Waterloo

Each month we pick a listing from our team to highlight. The listing of the month for August is this stellar (and stunning) renovated ranch in Waterloo. is this immaculate home in Cedar Falls! The attention to detail and the pride of ownership is clearly evident in this gorgeous remodeled ranch home. The moment you open the front door you will be captivated by the stunning three sided gas fireplace with custom built mantle in the large open living room, an updated kitchen that is a chef's dream, covered patio and SOO much more. See more of this beautiful home here!

Sale Pending - Listed by Jane Obermeier, 319.404.5395

Fall Events & Activities to Enjoy Throughout the Cedar Valley!

Fall is officially feeling like it is here. If you are looking for all the fun fall activities, events, pumpkin patches and apple orchards to enjoy look no further! Check out our full blog post compiled of all the fun fall things to enjoy around the Cedar Valley.