Home Values, Real Estate, Week in Review

Chesterton Indiana Real Estate Recap January 28, 2011

January 28, 2011 by · Leave a Comment 

Chesterton Indiana Real Estate Recap January 28, 2011 by Jim SimsThis has been a fairly active week in the Chesterton Indiana real estate market with 6 new homes listed and 8 that have been absorbed. Even with this activity, the days on market it takes for a home over the last few weeks has slowly been increasing to a current median number of days of 256, or over 8 months.

The days on market is an important aspect of real estate as it can dictate the lowering of a price or even taking the property off of the market. When a property is taken off the market or the price is lowered, the homeowner may then has less resources to purchase another home.

While this is not the best thing that can happen to the market, we do see another week of slight median price increases to $209,900. In Chesterton Indiana you expect to pay this amount for a 3 bedroom, 2.5 bathroom, with 1960 square feet, and a lot size between .25 – .50 acres.

This is still a great time for buyers and sellers to purchase or list their home in Chesterton Indiana though. With the price increases, sellers may start seeing more reason to sell now than before. For buyers, you will on average be receiving a little more home for the price.

Contact me and I can help you make the next move in your life in selling or buying your home!

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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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