Wake Robin 3 bedroom homes for sale/sold in West Lafayette near Purdue University.
Year End Market Report: 3 bedroom homes for sale in Wake Robin Subdivision that closed in 2011.
Wake Robin is a subdivision located just outside the West Lafayette city limits and is composed mostly of 3 and 4 bedroom homes that come up for sale on the market.
Wake Robin is within a five minute drive of Klondike Elementary and Klondike Middle Schools, and it is very close to Purdue University as well!
West Lafayette shopping and dining is a quick trip by vehicle as well!
A 3 bedroom home for sale in the Wake Robin Subdivision that sold and closed in 2011 had an average and median sales price of almost $144,000.
A 4 bedroom home for sale in Wake Robin that sold and closed in 2011 had an average and median sales price of $176,500.
2011 WAKE ROBIN MARKET SNAPSHOT
Wake Robin 3 bedroom homes for sale that closed in 2011 were up 20% from the previous year.
***The Wake Robin AVERAGE 3 bedroom home sales price declined by 8% in 2011 from 2010.
***The MEDIAN sales price declined by 2% from the previous year.
*** Wake Robin 3 bedroom homes for sale that closed in 2011 had LOWER "lows" and LOWER "highs" compared to the previous year.
*** Median DAYS ON MARKET increased by 17% in 2011 from 2010; average DAYS ON MARKET went up 25% from the previous year.
ANALYSIS FOR 3 BEDROOM HOMES THAT SOLD IN 2011 IN WAKE ROBIN SUBDIVISION, West Lafayette, Indiana:
***Number of home sales increased by 20% in 2011 from the previous year.
*** While the average and median sales price dipped slightly from 2010; the average price per finished square foot was up almost $2 from the previous year.
Note: for 2011 the average finished square footage per sale decreased by 10% compared to sales in 2010.
That helps explain why the average sales price dipped 8% and the median sales price went down 2% from the previous year.
*** The average and median days on market increased in 2010; that is typical for this area of West Lafayette for 2011.
There have been transportation changes in the area of Lingberg road near Wake Robin Subdivision in West Lafayette. Lindberg Road is now open with the new bridge over the Celery Bog to West Lafayette and Purdue University! Wake Robin home owners now once again have a quick trip into Purdue University!
The new U.S. Highway 231 Bypass construction will connect West Lafayette to Lafayette in the future making for a very quick trip to the south and east side of Lafayette with its hospitals and major employers.
Wake Robin 3 bedroom home sales declined slightly in 2011 from the previous year, but the homes that sold in 2011 had an average of 10% less total finished square footage compared to 2010. Generally speaking, less finished square footage equals a lower sale price. The average price per square foot increased by almost $2 for the 3 bedroom homes that sold in Wake Robin in 2011.
Please contact Sharon Walter or Bruce Walter for more information on homes for sale in Wake Robin Subdivision, or other 3 bedroom homes for sale in West Lafayette near Purdue University.