Market Report - Elkhart County, IN, 2013 - 2014 Comparison

By
Real Estate Agent with Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC RB14037276

Market Report - Elkhart County, IN,

2013 - 2014 Comparison.

 

Market Statistics are derived from the Elkhart County, IN MLS

The number of Home Sales show a Decrease in the amount of sales by 205 homes.

The Average Sale Price Increased by $7,675.

The Days on Market Decreased by 6 Days


 The Home Sales Decreased in the amount of .89%

The Average Sale Price Increase  in the amount of .93%

The Days on Market Decreased by .93%


The Sale Price vs the List Price in 2013 was 95.68%

The Sale Price vs the List Price in 2014 was 95.76 %

 It is my opinion that due to the large amount of foreclosures on the market during 2013 and the preceding years, fewer Home Owners listed their homes in 2014, causing a drop in inventory.  The Home Owners that did list their home for sale in 2014 saw the  Average Sales Price Increased, and the Days on Market has Decrease.

Due to the low interest rate, the statistics for 2015, in my opinion should improve as long as the economy continues to show an upward swing.

This shows the overall market starting to return to normal, as the foreclosures diminish,

showing a more accurate view.

(The Market Report does not reflect For Sale By Owner properties.)

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

If you know someone who wants to Buy or Sell a Home in Elkhart County, Indiana, have them call me:

Larry Johnston, 574-304-7577

Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC

Elkhart, Indiana

or email larry@larry-johnston.com

Comments (12)

Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Larry Johnston  good market report for Elkhart County with a great comparison.. Buyers and sellers should call the agent in the KNOW

Jan 20, 2015 08:32 AM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

What a great market report for Elkhart County! Looks like this is the information your clients need to make wise decisions.

Jan 20, 2015 09:33 AM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

You did a great job on your market report.  For those Seller's that decided to enter the market they got a little more money this year!

Jan 20, 2015 10:35 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Improving and getting stronger. This is good news and 2015 should be even better Larry Johnston

Jan 20, 2015 11:11 AM
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Larry...great market report for Elkhart, IN. This is good information for both buyers and sellers. 

Jan 20, 2015 01:09 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Larry. Nice job with your report, positive numbers throughout your report, hope that continues throughout 2015.

Jan 20, 2015 06:30 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Larry.  Inventory down and prices up.  Looks good to me.

Jan 20, 2015 08:11 PM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Stopping by to wish you a fantastic week and mention that our temps are going up to 78 degrees today..............boating weather.

Jan 20, 2015 09:38 PM
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Hey Larry:

Beautiful job on the market report. Very helpful to those looking to enter the market. Have a great week. 

Jan 20, 2015 11:38 PM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Larry, Excellent job on the market report for Elkhart County, IN...hope you receive a lot of calls from this post.

Jan 21, 2015 12:07 AM
Sharon Paxson
Compass - Newport Beach, CA
Newport Beach Real Estate

HI Larry - it is improving and the market is getting stronger, and these fantastic interest rates are helping.

Jan 21, 2015 12:56 AM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Hannah,  Thanks for your nice comment on my market report.

Jan 23, 2015 12:32 PM

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