Existing Home Sales, Home Values, Real Estate

Highland Indiana Real Estate Market Summary January 2011

February 9, 2011 by · Leave a Comment 

Recent movement in the Highland  Indiana real estate market shows that the prices of single family homes continued trending downward during January.  Home prices made an impressive peak last summer but fell back and stayed flat at the end of 2010.

Highland Indiana Real Estate Market Summary January 2011 by Steve Cardwell

Compared to other nearby communities which are still experiencing declines, Highland Indiana home values are holding up very well. The condo market experienced an up-tick in January, with the median price of a Highland Indiana townhouse or condo unit increasing $4,500 from $129,900 in December to $134,400 at the beginning of February. Single family homes slipped $1,900, with the median home price currently $158,000.

Single Family Benchmarks:

  • New Listings, 17
  • Sold Listings, 14
  • Inventory, 90
  • Average Days-On-Market, 132
  • Price Per Square Foot, $112

Condominium & Townhouse Benchmarks:

  • New Listings, 6
  • Sold Listings, 9
  • Inventory, 52
  • Average Days-On-Market, 229
  • Price Per Square Foot, $101

New & Noteworthy

8939PriceCircle by Steve CardwellThis bank owned tri-level townhome on Price Circle had been listed on the market last March for $140,000. The MLS is now showing it as a PENDING listing with a price of $89,900. Congratulations to the savvy bargain-hunter who got this diamond-in-the-rough for only less than $64 per square foot.

Trust your local market expert. If you have you are scouting the market for a bargain of your own, or simply need more information about a particular home,  it is my mission to share the information at my disposal to help you.  And likewise,  if you know anyone who is seeking a property to buy, or thinking about selling a property in any of Highland Indiana’s neighborhoods or developments, please let them know about my innovative real estate practice. You can be assured that they will receive the utmost care, foremost marketing skills, and diligent service.

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Steve Cardwell

Steve Cardwell is an Indiana Realtor working with residential buyers and sellers throughout Northwest Indiana. He likes to stay current on the housing market by analyzing real estate trends with a focus on the towns of Highland and Munster Indiana. His broker affiliation is Red Key Realty Leaders in St John, Indiana. Learn more about Steve and visit www.SteveCardwell.com.

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