Well, we saw a little decline in local values in August. Saint John and Hobart were strong performers with median homes sales up both year to date and versus same month last year. Merrillville had a huge jump in median sales price over August of last year.
The average days on market dropped in many markets and I am sure this coincides with the drop in median values.
Overall, Real Estate is still local and I have spoke with many buyers and sellers over the last month and both have one major factor in common. The majority of buyers and sellers I have spoken with are not in a hurry. Below are up to date market stats for some Northwest Indiana Markets. If you do not see your city or town, give me a call, I"ll be happy to provide them!
Crown Point-
August 2011- 28 Units Sold
Median Sales Price- $172,998
Avg. DOM- 132 Days
August 2010- 19 Units Sold
Median Sales Price- $210,000
Avg. DOM- 88 Days
Year to date 2011- 201 Units Sold
Median Sales Price- $183,000
Avg. DOM- 134 Days
Year to Date 2010- 193 Units Sold
Median sale Price- $179,900
Average DOM- 114 days
Schererville-
August 2011- 18 Units Sold
Median Sales Price- $232,000
Avg. DOM- 86
August 2010-21 Units Sold
Median Sales Price- $235,000
Avg DOM- 107
Year to Date- 2011- 131 Units Sold
Median Sales Price- $223,900
Avg. DOM- 123 Days
Year to Date 2010- 131 Units sold
Median sales Price- $229,900
Avg. DOM- 101 Days
Saint John
August 2011- 11 Units Sold
Median Sales Price- $270,000
Avg DOM- 145
August 2010- 14 Units Sold
Median Sales Price- $242,552
Avg. DOM- 141 Days
Year to Date 2011- 85 Units Sold
Median Sales Price- $254,921
Avg DOM- 121 Days
Year to Date 2010-67 Units Sold
Median Sales Price- $250,000
Avg DOM- 123 Days
Cedar Lake
August 2011- 12 Units Sold
Median Sales Price- $133,000
Avg. DOM- 172
August 2010- 14 Units Sold
Median Sales Price- $146,000
Avg DOM- 114 days
Year to Date 2011- 98 Units Sold
Median Sales Price- $142,600
Avg Dom- 128 Days
Year to Date 2010- 108 Units Sold
Median Sales Price- $146,825
Avg DOM- 132
Winfield
August 2011-4 Units Sold
Median Sales Price-$193,000
Avg DOM- 62
August 2010- 6 units sold
Median Sales Price- $207,718
Avg DOM- 131
Year to Date 2011- 53 Units Sold
Median Sales Price- $211,000
Avg. DOM- 112
Year to Date 2010- 68 Units Sold
Median Sales Price- $218,950
Avg DOM- 113 Days
Merrillville
August 2011- 35 units Sold
Median Sales Price-$112,600
Avg DOM- 165 days
August 2010- 34 Units Sold
Median Sales Price- $80,500
Avg DOM- 79 days
Year to Date 2011- 245 Units Sold
Median Sales Price-$96,500
Avg DOM- 114 days
Year to Date 2010- 266 Units Sold
Median Sales Price- $107,750
Avg DOM- 96 Days
Hobart
August 2011- 27 Units sold
Median Sales Price- $126,200
Avg DOM- 140 Days
August 2010- 23 units sold
Median Sales Price- $117,000
Avg DOM- 81 Days
Year to Date 2011- 190 Units Sold
Median Sales Price- $115,000
Avg DOM- 121
Year to Date 2010- 249
Median sales Price- $111,000
Avg DOM- 101 days.
Wednesday, September 7, 2011
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