SOUTH BEND, IN Market Report - August, 2016

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

SOUTH BEND, IN Market Report - August, 2016

 

The City of South Bend, in St. Joseph County, is located in extreme north central Indiana. The August report of 2016, shows the market with 208 residential homes sold, compared to 196 sold in 2015.  The average Days on Market for the period was 95, which is less than the 2015 amount of 99 DOM.

 

The average Listing Price for 2016 decreased by .8% from 2015.

The average Selling Price for 2016 decreased by 3.2% from 2015.

The average Days on Market for 2016 decreased by 4.1% from 2015

 

Disclaimer:  The figures shown, do not include “For Sale by Owner” homes and only homes that were entered into the MLS system.

 

The market in South Bend, with the inventory declining, buyers are still looking for homes to fit their needs. Now is the time to sell a home in this area, as offers have been near the asking price.

Buyers are taking advantage of the low interest rates and the Sellers are taking advantage of the lack of competition in the selling market.

 

Now is the time to Sell and Buy a home in

South Bend, Indiana

 

Call Friends & Neighbors Real Estate for the latest Real Estate information in South Bend. 

 

574-304-7148.

 

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

If you know someone who wants to Buy or Sell a Home in

Elkhart, St Joseph, LaGrange and Kosciusko Counties, in Indiana

Call me:  Larry Johnston, 574-304-7577

 

"We have agents to serve you with your Real Estate needs"

Friends & Neighbors Real Estate

and Elkhart County Subdivisions, LLC, Elkhart, Indiana,

or email larry@larry-johnston.com 

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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for taking the time to prepare and share this.  This is perfect for buyers and sellers trying to get a better grasp on current market trends

Sep 28, 2016 11:31 PM #1
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Larry good to see that sales this year are up over 2015, hope that trend continues.

Sep 29, 2016 10:58 AM #2
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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Larry

Thank you for sharing the August 2016 real estate market report for South Bend Indiana.

Good luck and success.

Lou Ludwig

Sep 29, 2016 11:46 AM #3
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Thanks for the update on the South Bend Real Estate Market! Well done!

Sep 29, 2016 01:45 PM #4
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Larry I loved this report and it reminded me when I was at USMA and we went to South Bend IN for an Army Notre Dame game... I could write a book about it... not a post:))Endre

Sep 29, 2016 02:46 PM #5
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Larry Johnston

Broker,Friends & Neighbors Real Estate, Elkhart,IN
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