How is the real estate market in Fort Wayne right now? 2/10/2016

By
Real Estate Broker/Owner with Christiansen Group Realty (260)704-0843

That is a question we get all the time from potential clients and from the general public.  

 

The answer is always going to depend on who you ask, so this is us, two professional full time Realtors that live and breathe real estate, giving our opinion of the Fort Wayne real estate market.  

 

SOLD Century 21 Fort WayneFor sellers, the market is good and has been for well over a year.  Inventory levels are way down and there isn't a lot of competition out there for good, quality homes.

What this has done is raise home sale prices and lower days on market, or how long it takes to sell a home.  

 

For buyers, it's a little frustrating right now.  While the low inventory is good for sellers, it's not great for buyers.  Many homes pop on the market and are under contract to sell within days if not hours.  

Not all homes are flying off the shelf, but a lot of them are.  

We've even seen homes go for over list price and have a set of buyers that have lost out on offers twice already, even though our offers have been clean and very strong. 

It's still a good time to buy a home due to interest rates staying low, it's just a little more difficult right now.

 

For investors it's a tough time as well.  The amount of foreclosures are a fraction of what they used to be and there is a LOT of competition between buyers and house flippers in that arena.  

Margins for profit are smaller and investors are (in our opinion) over paying for flips right now.  

 

Century 21 Christiansen Group Fort WayneAs we creep closer and closer to spring we anticipate inventory rising and there being more for buyers to choose from.  We also believe that it's still going to be a seller's market in 2016.

 

If you're considering buying or selling, we specialize in working with both buyers and sellers, and would love the opportunity to work with you!  

 

Posted by

 

 

   

Fort Wayne Realtors Jared and Amanda Christiansen with Century 21 Bradley

Amanda Christiansen is an award winning Realtor with Christiansen Group Realty.

 

Jared Christiansen is a business partner and in charge of marketing and taking care of things behind the scene.

 

Enough about us...

 

Tell us what you want your real estate experience to be, and we will do it YOUR way.

 

Buying a home in Fort Wayne? Tell us your wants and needs. Let us know how you envision your family living.  Tell us what's important to YOU, and we'll find the community and home that fits.  

 

Selling your home in Fort Wayne?  Our job is to make you the most money possible in the shortest amount of time. We offer our sellers professional staging, professional photography, and more internet marketing than most. 

 

We are committed to giving you everything we have to offer.  We are both full time agents and will work around your schedule.  Do nights and weekends work better for you?  NO PROBLEM. We are here to help YOU at YOUR convenience.

 

Amanda can be reached at 260-704-0843, and Jared can be reached at 260-704-0842, or you can email us at JaredChristiansen@gmail.com, or Amanda427@gmail.com.

 

 

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Rainmaker
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John Wiley
Right Move Real Estate Group- EXP Realty - Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Amanda & Jared, it looks like Fort Wayne is in a similar position as many parts of the country.

Low Inventory often is bringing multiple offers with a sale price above listing price.

I am curious as to what your market is doing with new construction.

Feb 10, 2016 02:46 AM #1
Rainmaker
1,520,561
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Amanda and Jared Christiansen Good 'take' on your market. We, too, are hoping for inventory recovery soon as the Snowbirds have been very active this season.

Feb 10, 2016 04:04 AM #2
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Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

Thank you for stopping by!  

John:  The new construction market is booming as well.  There are plenty of growing and new subdivisions that are a buzz of activity.  

Feb 10, 2016 04:33 AM #3
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Amanda Christiansen

Christiansen Group Realty
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