Real Estate, Week in Review

Chesterton Indiana Real Estate Recap – December 17th

December 18, 2010 by · 2 Comments 

Chesterton Indiana Real Estate Recap - December 17th by Jim SimsAlthough Christmas is right around the corner and people are out shopping for gifts and going to holiday celebrations, there is still activity in the Chesterton Indiana real estate market.

Of the 207 single family homes for sale in the Chesterton Indiana real estate market, 13 homes have been sold, 8 homes were listed, and 34% have lowered the listing price.

As you can see in the chart to the right, the average number of days for a home on the real estate market before selling has slowly increased over the last few months. The trend continued this week increasing the average number of days to 220. With inventory taking longer to sell, it is more likely that home prices will decrease or will sell for less than the listing price.

This week the median list price for a single family home in Chesterton Indiana has dropped to $204,000. With this median list price you can expect square footage of 1,940 with 3 bedrooms, 2 bathrooms and a lot size between .25 and .5 acres.

Whether you are buying a home or selling a home, it is important to know the current real estate market activity. With this information, you can be confident that your home is priced to sell or that you are buying a home for the right price.

Contact me today to  find out how the home you are selling or buying compares to other homes for sale in the Chesterton Indiana real estate market.

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Jim Sims

Jim Sims is a licensed Realtor with McColly Real Estate. With a Bachelor Degree in Marketing and Management Information Systems from Purdue University Calumet, he loves to leverage the best of today's technology to achieve his clients real estate goals. While Jim facilitates real estate needs throughout Northwest Indiana, he specializes in the Northern Porter County communities of Burns Harbor, Chesterton, Portage and Porter Indiana. Learn more about Jim and visit www.JimSimsHomes.com.

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Comments

2 Responses to “Chesterton Indiana Real Estate Recap – December 17th”
  1. Nothing like a little reality check right before the holidays. This is great real estate insider information for homeowners in Chesterton Indiana and for the home buyer who wants to live in Chesterton Indiana. With facts like these, your clients definitely have a competitive advantage when negotiating a purchase contract no matter what side of the table they sit.

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