The Northwest Allen County community of Twin Eagles Market Report

Real Estate Agent with Coldwell Banker Roth Wehrly Graber RB14042341
Twin Eagles entrance sign   The Northwest Allen county, Indiana community of Twin Eagles is more than 275 single family and common interest detached home sites located 3.5 miles North of Dupont road between Dunton and Coldwater roads and serviced by Northwest Allen county schools.  Home prices average in the low $400's and are less than 10 years old with some new construction still available. Most homes sit on one of the 18 ponds throughout Twin Eagles with the others being on level lots. Homes in Twin Eagles are higher end homes for our area given that they average almost 4 times the area sales price. 
Number of Homes Sold in Twin Eagles Jan-Aug 2011:  14

Number of Homes Sold in Twin Eagles Jan-Aug 2012:  21
Average Days on Market for Homes Sold Jan-Aug 2011:  125

Average Days on Market for Homes Sold Jan-Aug 2012:  177

   Not unusual for the higher end market to carry days on market longer than the average for the area as seen in Twin Eagles. Although there was a 50% increase in the number of homes sold in 2012, there was also a 42% increase in the number of days homes were on the market. I anticipate the days on market number to improve slightly going forward with the 9 current pending sales averaging 64 days.
dom and solds
Average Sales Price Jan-Aug 2011:  $406,365

Average Sales Price Jan-Aug 2012:  $401,119

Median Sales Price Jan-Aug 2011:  $393,000

Median Sales Price Jan-Aug 2012:  $391,000
     With a rise in the number of days on market we often see a decline in the average and median sales price. Twin Eagles is no different although the average sales price only dropped slightly over 1%. Another Statistic of note would be that the percent of list price received dropped from 98.5% to 97% for this time period.  The news going forward is positive for Twin Eagles with the 23 active and pending homes averaging $481,366.
avg and median sales prices
Going forward for the remainder of 2012 there are 14 homes currently for sale in Twin Eagles averaging $506,921 and 9 homes pending sale averaging $441,613.  Activity in Twin Eagles has increased significantly already this year as seen before. Should all 9 homes successfully close, Twin Eagles will have sold over 100% more homes in 2012 than in 2011.
Twin Eagles Homes for sale

When it comes time to buy or sell a home in the community of Twin Eagles or the Northwest Allen county area, please contact me (260) 438-6289 for the most up to date market information. 

This study is not designed to be used for determining a value of a particular home within the community of Twin Eagles. If you have a home in the community of Twin Eagles and would like a complete Market Analysis done for you, I would be happy to meet with you and provide a study designed for your home. This study was done using data provided by the Upstar MLS, while it may not contain information regarding the homes sold privately by owners, it does present a fair representation of the historical market in the neighborhood.

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Coldwell Banker Roth Wehrly Graber

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Comments (4)

Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Your days on the market still look to be long.  I wish you well and home those time periods come down significantly.

Sep 16, 2012 03:09 AM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Wow, that is an awesome market report.  I need to beef mine up a bunch! This looks awesome!

Sep 19, 2012 12:18 AM
Harrison K. Long
HomeSmart, Evergreen Realty - Irvine, CA
REALTOR , GRI, Broker associate, Attorney

I like your Twin Eagles local home selling market report - that you compared stated from January to August of this year with those of same time during 2011 - which are interesting.

Sep 19, 2012 02:32 AM
Brian Kuhns
Coldwell Banker Roth Wehrly Graber - Fort Wayne, IN
Fort Wayne Real Estate by Brian Kuhns

Tim -- things are starting to move quicker now, dom should be better by end of the year. Thanks for commenting

Evelyn -- Thanks for the kind words, I've taken ideas from other reports on AR and tried to incorporate into my own reports. Glad you liked them

Harrison -- Thanks for your comments, I like to compare Apples to Apples whenever possible 

Sep 19, 2012 03:00 AM