The following report is for single family site-built homes in Northwest Allen County, Indiana. Data is provided from the FWAMLS for mls area AL01 or Perry, Lake and Eel River townships for the 2nd Quarter 2011, the first Quarter of 2011 and 2nd Quarter of 2010 for comparative purposes. This information is provided solely to provide an overview of the market in this area and is not meant to be used for evaluating a particular homes value. The data is deemed reliable but not guaranteed
Year over year the second quarter of 2011 showed strength against 2010's Q2 which still had a Tax Credit in effect. The 2nd quarter of 2011 saw a slight decline in the number of homes sold from 191 in Q2 of 2010 to 178 in Q2 of 2011 but realised improvement in the data for those 178 homes that sold. Q2 continued to see increases in price per square foot numbers up almost 3.5% from Q2 of 2010 to $83.10. Median cumulative days on Market improved as well dropping to 46 days as compared to 53 days this same time last year.
Q2 Also saw a nice Median Sales Price increase year over year, up 6% to $164,450.
Q2 also had significant improvements from Q1 of 2011 with improvements in all categories
There are currently 329 active listings for single family residence in Northwest Allen County, which yields roughly a 6 month supply of inventory here. Going forward I look to see conditions remain stable given the continued low mortage rates and improved numbers from this quarter.
I live in Northwest Allen County and enjoy all that living here affords me and my family..I'm not just another Realtor, I'm your neighbor.
Northwest Allen County is served by the Northwest Allen County school system which is made up of Carroll High School, the Freshman Campus, Carroll Middle schooland Maple Creek Middle school, 7 elementary schools (Arcola, Cedar Canyon, Eel River, Hickory Center, Huntertown, Oak Viewand Perry Hill) and a Youth Services Center.
Contact me for a free market analysis if you are interested in buying or selling a home in the Northwest Allen county area. Don't buy or sell a home in Northwest Allen County without contacting me first for the most up to date market information. I look forward to the opportunity of earning your business.
Brian Kuhns, REALTOR®
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