Northeast Indiana Lakes-Noble County Lakes-Lake Market Report-March 2011

Noble County Lake Property Sales This Month
There were 3 lake property sales this month ranging from a channel front property on a ski lake that sold for $130,000 to a lakefront home on a ski lake that sold for $198,000. The median sold price this month was 140,000 and the average sold price in Noble County for lake properties this month was $156,000.

Noble County Year to Date Lake Property Sales-Month End March 2011

So far this year there have been 6 lake property sales. The median sold price in Noble County for lake properties so far this year is $135,000 and the average sold price is $140,075.

Noble County Lake Properties Historical Comparison

Year to Date end of March 2011

Year-Number of Lake Sales-Median Sold Price-Average Sold Price

2010 6 sales-median sold price of $146,250 and average sold price of $124,568.
2009 3 sales-median sold price of $175,000 and average sold price of 136,666.
2008 8 sales-with a median sold price of $101,700 and average sold price of $138,587.
2007 6 sales-median sold price of $103,725 and average sold price of $97,125.
2006 6 sales-median sold price of $137,950 and average sold price of $151,550.

Noble County Lake Properties For Sale
There are currently 52 lake properties for sale with a median price of $179,750 and an average price of $209,501. The prices range from $40,000 for a place with deeded access on a non ski lake to $595,500 for a lake front place on a ski lake.

These statistics include residential properties: cottages, homes, condos, manufactured homes, modulars, villas, townhouses, and park models. They also include properties with varying degrees of lake rights or access: lake front, channel front, association, recorded easement, frontage lot, bay front or deeded pier. They are based on information from the NEIAOR (Northeastern Indiana Association of Realtors) MLS (Multiple Listing Service) for the period of January 1st 2006 to March 31, 2011. Property sales that were not listed in the local MLS are not included.