Northwest Allen County 3rd Quarter 2012 Market Report

By
Real Estate Agent with Coldwell Banker Roth Wehrly Graber RB14042341

 

Northwest allen county hospital   
 The Northwest Allen County 3rd Quarter 2012 Market Report consists of single family site built homes,villas,condos, and townhouses located within Perry, Lake, and Eel River townships in Allen county, Indiana.

   

 The data collected is from the Upstate Alliance of Realtors MLS otherwise known as UPSTAR MLS and is not guaranteed but considered reliable. Information collected is for the time period of the Months July,August,and September of 2011 and 2012 for comparative purposes. This study does not include private sales or those new construction homes not reported to the MLS.


 

Number of Homes Sold during the 3rd Quarter of 2011 in NW Allen County:  161

Number of Homes Sold during the 3rd Quarter of 2012 in NW Allen County:  218

 

Average Days on Market for Homes sold during the 3rd Quarter of 2011:  101

Average Days on Market for Homes sold during the 3rd Quarter of 2012:    61


     A 35% increase in the number of homes sold during the 3rd quarter this year to go along with a 40% decrease in the average number of days on market.  Northwest Allen county is experiencing a strong Residential Real Estate market right now. After 3 quarters in 2012 the area has already sold 85% of the number of homes sold for all of 2011 (615). With 101 homes currently pending, Northwest Allen county activity looks to remain strong through the end of the year.

3rd Quarter 2012 Market Report

 

Average Sales Price for the 3rd Quarter 2011:  $195,305

Average Sales Price for the 3rd Quarter 2012:  $199,559

 

Median Sales Price for the 3rd Quarter 2011:  $160,000

Median Sales Price for the 3rd Quarter 2012:  $159,950


     Average sales prices rose 2% in the 3rd quarter compared to this time last year and were up 7% from last quarter of 2012 after having fallen in the first quarter of this year.  Average sales prices are still at 10 year highs with volume slowly approaching the highs from 2005 and 2006. 

NW Allen County 3rd Qtr 2012 Sales Prices

 

     There are currently 267 active listings for sale in Northwest Allen County with an average list price of $234,317. There are also 101 homes currently pending or under contract and not yet closed with an average list price of $209,028.  Low interest rates continue to support the rising volume and sales prices in NW Allen County in my opinion and should do so for the forseeable future making this a great opportunity for those buyers wishing to move up and those sellers looking for the most out of the sale of their home.

 



contact me for the most up to date market information when it comes time to buy or sell a home in the Northwest Allen county area

Brian Kuhns

(260) 438-6289 bkuhns@cbrwg.com  


This study is not designed to be used for determining a value of a particular home within Northwest Allen County. If you have a home in Northwest Allen County 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.


To view Homes currently available for sale in Northwest Allen County visit:



Posted by

----------------------------------------------------------------------------------------------------------------

 brian kuhns signature
(260) 416-5103  *  bkuhns@movingindiana.com

Coldwell Banker Roth Wehrly Graber

 Start your online search here

      When the time comes for you to buy or sell your home, contact me for the latest market information and a detailed analysis of your Real Estate needs.

(260) 438-6289 or by email at bkuhns@movingindiana.com

 

Subscribe to Active Rain Blog     find me on facebook     follow me on twitter     linked in

 

Comments (1)

Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Brian, Thanks for the reminder to do the last quarter report. By the way, thanks for subscribing to my blog.

Oct 14, 2012 06:39 AM