Here is a quick look at the statistics on homes sold in Fort Wayne in 2012.
Homes Sold: 3,889
Average Days on Market: 76
Average List Price: $132,854
Average Sales Price: $127,507 (96% of List Price)
Median List Price: $110,000
Median Sales Price: $107,900
Lowest Sales Price: $1,300. No. I'm not kidding. This home was a foreclosure on South Anthony Blvd in Eckels Subdivision. It features 3 bedrooms, 1 bathroom, 1,232 square feet, and I'm sure plenty of rodents and maybe a squatter. It was on the market for 4 days before an investor snatched it up.
Highest Sales Price: $1,250,000. This home was on Little Turtle Trail in the luxurious Covington Lake Estates. It features 4 bedrooms, 4.5 bathrooms, 4,525 square feet with a partially finished basement. It has too many cool features to list, but in my opinion, this was the coolest:
So what does this report show us about the real estate market in Fort Wayne in 2012? It was good. Homes selling for 96% of list price (on average) is not surprising. This 96% also includes foreclosures and short sales. Not too bad at all. 76 days on market is also very good overall. Homes sold at 3,889 is up from 3,545 in 2011. That's almost 1 more home sold per day than the previous year. That tells me that people are out there buying homes. Overall, the 2012 Fort Wayne real estate market was strong.
If you are considering buying or selling a home in the Fort Wayne area, Amanda and I would love to help you. We are both full time Realtors that are passionate about helping people. Please call us at 260.704.0843 or email us at JaredChristiansen@gmail.com. We look forward to hearing from you!