August 2024 Recap
Posted by Oakridge Real Estate on Tuesday, September 10th, 2024 at 11:20am.
August 2024 Monthly Recap at Oakridge Real Estate
As many in our community are wrapping up summer activities and starting school, the Cedar Valley housing market is active with buyers and sellers. Today's August recap includes; August stats, what current inventory numbers mean if you are buying or selling, what an escrow analysis, August top performers, August listing of the month, the Cedar Valley 18th annual pink ribbon run and a spotlight of the Grout Museum in Waterloo!
August Stats
In August, homes listed by an Oakridge Realtor® sold for 99.78% of their list price in just 5 Days! Each month we discuss area stats with our Realtors® as a way to understand our market needs and changes. One of the stats we discuss is the inventory (the current number of homes for sale). Inventory has played a key role in the real estate industry for the past four years. Tracking the Cedar Valley housing inventory is very important when working with our clients to meet their goals, buying or selling. This month we were excited to see inventory levels grow! Increased inventory levels will allow homebuyers more selections when looking for a home. If you are looking to sell, it is very important to have a strategic plan with your Realtor® to make your home grab the attention of potential buyers.
The Mortgage Corner with Greenstate Credit Union: What is an Escrow Analysis?
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. This month our friends at Greenstate Credit Union are are sharing the importance of an escrow analysis and how this can impact your monthly mortgage payment. Read the full post here!
Join us for the 18th Annual Cedar Valley Pink Ribbon Run
Oakridge is a proud sponsor of the annual Pink Ribbon Run/Walk - Cedar Falls Downtown District. The event will be held Saturday, October 5 at the River Plaza in Cedar Falls. If you want to participate, you can register here! Your Oakridge crew will be greeting competitors at the finish line with water. Hope to see you there!
August Top Performers
August Listing of the Month: Experience the best of condo living in this beautifully designed home near Sunnyside Country Club!
Each month, Oakridge selects a listing from the homes our team lists for sale to share. Our listing of the month this beautifully designed condo near Sunnyside Country Club in Waterloo! View the full blog post of this home here. Listed by Paige Peyton, 319.404.9899
Take a tour of the Waterloo Grout Museum with us!
Contrary to the name, this museum is not filled with different types of grout to learn about. 
Founded by Henry Grout, the Grout Museum History and Science shares the history of the Waterloo area. The Sullivan Brothers Iowa Veterans Museum tells the story of Iowa Veterans from the Civil War to present day. But it doesn’t end there. You can also explore the Bluedorn Science Imaginarium, The Rensselaer Russell House and the Snowden House! This is an amazing place for all ages to explore right here in our community! See the full tour of the Grout Museum here.
