January 2011 Market Report for Lake of the Four Seasons, Crown Point, Indiana

By
Real Estate Agent with McColly Real Estate

January 2011 Market Report for Lake of the Four Seasons, Crown Point, Indiana

 

During the month of January there were 90 homes on the market in Lake of the Four Seasons.  Of these 84 were active, 2 were pending and 4 sold.  The chart below shows the minimum, average, median and maximum data for the properties.    The total sales value was $727,900.00. While the average days on the market was 110.

Active: 84  Pending: 2  Sold: 4  Other: 0  Total: 90

   Bedrooms  Bathrooms  Square Feet  List Price  Selling Price  DOM/CDOM
 Minimum  2   1.00   1,000   $64,900   $90,000   2/6 
 Average  3   2.37   2,116   $200,706   $181,975   110/177 
 Median  3   2.00   1,922   $174,900   $144,000   75/119 
 Maximum  5   4.00   5,000   $594,997   $349,900   586/772 
 Total Dollar Value           $727,900   
 

The second chart shows the average days on the market versus the percentage of selling price.  If the home sits on the market longer, do you get a lower price ultimately?  Interestingly the homes on the market for 31-60 days got a higher percentage of sale price than those that sold more quickly or took longer.  This sample is small for drawing broad conclusions.  It will be interesting to see if this trend holds true as the spring approaches.

 

Average DOM Breakdown and Average % of List Price received on Solds by Market time:
   0-30 Days   31-60 Days   61-90 Days   91-120 Days   120+ Days 
 No. of Listings   1    1    1    0    1 
 Breakdown %   25.00    25.00    25.00    0.00    25.00 
 Avg SP % LP   85.78   100.00    85.71    0.00    93.39 

 

The third chart shows the sale price to list price counting the entire time the home was on the market not just the most current listing. (Cumulative Days On Market) For this month 3/4 of the homes sold were on the market for 120 days or more and sold for 95% of the asking price.

 

Average CDOM Breakdown and Average % of List Price received on Solds by Market time:
   0-30 Days   31-60 Days   61-90 Days   91-120 Days   120+ Days 
 No. of Listings   0    0    1    0    3 
 Breakdown %   0.00    0.00    25.00    0.00    75.00 
 Avg   0.00    0.00    85.71    0.00    95.25 

 

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Marilyn S. Tolhuizen, N W Indiana Real Estate Specialist

219-616-7069

McColly Real Estate, Realtor, GRI, ePro

Crown Point, Munster, Dyer, St. John, Schererville, Winfield, Merrillville, Hobart, Portage, Hammond, Cedar Lake, Lowell, Lake of the Four Seasons, Demotte, Hebron, Wheatfield

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