Here's what happened last month in the Fort Wayne real estate market for homes sold in the Northwest Allen County School District:
Homes sold: 26
Average list price: $201,358
Average sales price: $201,562
Median sales price: $156,250
Average days one market: 147
Lowest sales price: $82,500 (194 year old home in Huntertown)
Highest sales price: $666,088 (New construction luxury home in The Villas of Twin Eagles)
What does that tell us about the real estate market last month in the Northwest Allen County School District?
It wasn't really that good in February.
The average sell to list price was over 100%, but that was because of one home that was listed for $505,396 selling for $666,088. It was a build job that stared in July of 2013 and ended up selling in February of 2014. I assume the buyer wanted a TON of upgrades and that increased the price.
Average days on market being 62 is standard for this area.
Inventory is down as well. That's not a huge surprise as this winter has been brutal and the "buying" season is coming up here in the next few months.
Is it a good time to list your home right now?
Because of the decreased inventory, I would have to say yes. There isn't as much competition right now and the buyers that are out looking are serious.
If you are considering selling your home in Northwest Allen County School District, please give us a call. We'd love to talk with you about your situation and show you what we bring to the table as full time Realtors.
We know the NWAC area very well, and out of the 26 homes sold in February, our Century 21 Bradley Realty office in Fort Wayne sold 13 of them.
Amanda and I look forward to hearing from you soon! We can be reached at 260.704.0843 or 260.704.0842.
Thanks for reading and have a great day!