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Elkhart County Market Report - (46507), April, 2014 vs April, 2015

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

Elkhart County Market Report - (46507)

April, 2014 vs April, 2015.

 

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Zip Code 46507, includes Washington and Jefferson Townships, including the town of Bristol.  The statistics are from the MLS. The Listing agents are responsible for inputting information.  The statistics do not include and For Sale by Owner, Foreclosed properties and Auctions that were not listed in the MLS.

 

April, 2014, Zip Code 46507

Number of Listings Sold - 8

Average Days on Market - 76

Average Listing Price - $209,475

Average Sold Price. - $193,987

 

April, 2015, Zip Code 46507

Number of Listings Sold - 7

Average Days on Market - 159

Average Listing Price - $216,542

Average Sold Price. - $210,171

 

Increase/Decrease

Number of Listings Sold - 12.5% Decrease

Average Days on Market -52.2% Increase

Average Listing Price - 3.3% Increase

Average Sold Price. - 7.7% Increase

The statistics show, Sold residential homes on the market from last April have dropped from a year ago. The Days on Market have increased, The Listing and Selling Prices remained fairly constant, with a slight Increase from April, 2014.

Now is the time to List your home, as there are more buyers looking for homes, that sellers.  Now is the time to Buy a home, because the Interest rates are still low, but expect to pay close to the asking price, as there have been multiple offers on properties, due to the low inventory.

 

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If you know someone who wants to Buy or Sell a Home in Elkhart County, St Joseph County, 

or surrounding areas, 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 (8)

Gary Raze
RE/MAX Integrity - Eugene, OR
with RE/MAX Integrity

Great Stats Larry Johnston,

Buyers and Sellers love to know the facts. It is a great time to list your house now. Inventory is low throughout the USA right now. Gary

May 29, 2015 07:13 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Larry, great market report for Elkhart County, and is valuable for anyone thinking of moving.

May 29, 2015 08:24 AM
Yolanda Cordova-Gilbert
Richmond, TX

Larry,

 Looks like you have a stable market, ours is down off last year but it could not keep going at your pace.

May 29, 2015 09:09 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Larry the market in Zip Code 46507 does not seem to be doing as well as the other three Zip Codes you blogged about today.  Hopefully Zip Code 46507 will catch up with the others.

May 29, 2015 09:36 AM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

This little tiny town is quite popular, I see the majority of new builds heading this way. Nice Report!

May 29, 2015 02:00 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Larry. Some positive numbers, hope those numbers continue and a little improvement in the others will certainly be welcomed.

Make it a great weekend!

May 29, 2015 06:45 PM
Sussie Sutton
David Tracy Real Estate - Houston, TX
David Tracy Real Estate for Buyers & Sellers

Did I already tell you that I like the way you present your Market Reports? Well I do and I think I may emulate them.

May 29, 2015 10:41 PM
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Thanks for market report,,, interesting stats year over year.  Yes, this is good time to buy & sell.  Have a good week. Larry Johnston 

Jun 01, 2015 09:12 AM