West Lafayette, Indiana homes for sale/sold in 2011: Market Report

By
Real Estate Sales Representative with Keller Williams Realty Lafayette, IN
https://activerain.com/droplet/Bsd

 

 

 

Market Report:  West Lafayette, Indiana homes for sale/sold in 2011

 

 

 

Out of a total of 153 homes for sale in West Lafayette that closed in 2011, there were only 4 foreclosures in the the West Lafayette city school district.

 

 

 

West Lafayette homes for sale, foreclosures for sale contact Bruce Walter Keller Williams Realty Lafayette, Indiana 47905

 

Foreclosures in homes for sale in West Lafayette, Indiana accounted for fewer than 3% of the total sales in 2011 in home sales within the West Lafayette Community Schools system.

 

West Lafayette foreclosure and disstressed properties for sale contact Sharon Walter and Bruce Walter Keller Williams Realty Lafayette, IN 47905

 

 

The average sales price of a West Lafayette home declined by 5.4% in 2011 compared to 2010, while the median sales price dipped 4.7% from 2010.

 

West Lafayette 3,4,5 bedroom homes for sale contact Sharon Walter, Bruce Walter real estate agents in West Lafayette Keller Williams Lafayette Indiana 47905

 

***  3 Bedroom and 4 bedroom houses for sale in West Lafayette that closed in 2011 had a decline of almost 9% in average sales price in 2011 from the previous year.

***  West Lafayette 5 Bedroom homes for sale that closed in 2011 had an average INCREASE in sales price by almost 1% from 2010.

 

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There has  been an  increase in the amount of homes that sold in West Lafayette at the low end of the sales market in West Lafayette in the last three years:

 

West Lafayette homes for sale contact real estate agents in West Lafayette Bruce Walter, Sharon Walter at Keller Williams Realty Lafayette, IN

 

 

SELLERS OF HIGH END HOMES in West Lafayette have been withholding their homes  from the market in SIGNIFICANT numbers since 2009!

 

West Lafayette homes for sale above $300,000 contact Sharon Walter, Bruce Walter Real Estate Agents Keller Williams Realty Lafayette, IN 47905

*** Sales of high end homes in West Lafayette over $400,000 have decrease FIVEFOLD since 2009!

***  Sales of all homes sold in West Lafayette over $300,000 have declined by 44% since 2009.

 

When taken into full context the West Lafayette housing market has been on an UPWARD TREND up till 2009. 

There has been a slight pull back in the average and median sales prices of about 5% each of the last two years. 

 

West Lafayette houses for sale contact Sharon Walter Bruce Walter real estate agents at Keller Williams Realty in West Lafayette, Indiana 47906

 

The long term outlook for home sales in West Lafayette within the West Lafayette city schools has been an upward trend until 2009.

***  There has been an increase in the number of homes selling at the low end of the West Lafayette market, but foreclosures are not a factor! 

***  Less than 3% of the homes for sale in West Lafayette that closed in 2011 were foreclosures.

***  There has been a SIGNIFICANT drop in the number of high end homes brought to market in West Lafayette in the last two years and that has pulled the average sales price DOWNWARD.

***  There has been a 3 month supply of homes in West Lafayette as buyers are snapping up homes priced right in the market and in the best condition.  Homes that are not priced right or in the best condition sit on the market.

Purdue University continues to be a rock of stability in the West Lafayette economy and as the state and national economy breathe signs of increased economic activity buyers and sellers in the West Lafayette market need to be aware of a potential shift in the market. 

If you would like more information on the West Lafayette housing market, current homes for sale, or specific subdivision market reports like University Farm, Amberleigh Village, Arbor Chase, Blackbird Farms please email Bruce Walter at:  bwalterkw@yahoo.com  or visit our website at SharonWalter@KW.com

WE CAN HELP!!!

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Sharon and Bruce Walter selling real estate in Lafayette, West Lafayette, Tippecanoe County Indiana @ Keller Williams Realty Lafayette IN                      

                              Sharon & Bruce Walter 

                      Indiana Licensed Real Estate Brokers

How can we help you with your real estate needs in Lafayette, West Lafayette, Tippecanoe County and the surrounding area in Indiana?

Whether you are thinking of selling or buying a home, looking to buy a foreclosure or rental property we are here to help you.

 

 

                      

                 PERFORMANCE OUTSELLS PROMISES!

 WE have a phone!    Please call us at:     765-418-1886

WE have email!         Please email us at:  bwalterkw@yahoo.com

WE can FAX!            765-588-4872

 

                       Keller Williams Realty

              3928 McCarty Ln, Ste A

              Lafayette, IN 47905

Licensed in the state of Indiana.  Each Keller Williams Realty independently owned and operated.

 

 

 

 

 

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Rainmaker
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Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Sharon and Bruce - Great, local real estate market report.  You've given both buyers and sellers a lot of good information to use.  Nicely done!

Feb 01, 2012 10:08 AM #1
Rainmaker
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Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

Laura, thanks so much for your visit and comment.  We have been very fortunate to avoid any major deflation in prices in the West Lafayette market due to a strong economy and the presence of Purdue University. 

Feb 01, 2012 12:08 PM #2
Rainmaker
668,532
Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

The West Lafayette Real Estate Market remains strong in 2014; call Sharon Walter at 765-426-5343 for more details.

Aug 14, 2014 04:52 AM #3
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Rainmaker
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