Chesterton Real Estate

Chesterton Indiana Real Estate Recap February 28, 2011

Whether you are buying or selling real estate in the Chesterton Indiana real estate market, it is important to know the current activity within the market. A great indicator on what price to sell your home or what to purchase a home for is the price per square feet.

When looking at the price per square feet, there will be additional criteria to factor in of course. A couple of these would be the comparable homes in your neighborhood and the condition of the home.

Of the 190 homes listed for sale in the Chesterton Indiana real estate market, the current price per square feet is $112. This means that for a 2000 square foot home, a reasonable listing price would be around $224,000.  We can then factor in the additional criteria to determine which direction the price would go.

At this week’s median price of $199,400you can expect:

• 3 Bedrooms
• 2 Bathrooms
• .25 – .50 acres
• 1,894 square footage

Chesterton Indiana Real Estate Week At A Glance:

• 4 New Listings
• 8 Sold Listings 
• 190 Homes Listed
• 253 Average Days on Market

Thinking about buying or selling or know someone who is?

Call, text or email me to help you get started!

Chesterton Real Estate

Chesterton Indiana Real Estate Recap February 17,2011

Are you looking to buy or sell real estate in the Chesterton Indiana real estate market? If so, now is the time to make your move. While there are 185 homes listed for sale in Chesterton Indiana, these homes have been on the market for an average of 256 days.

Of these homes for sale in the Chesterton Indiana real estate market, 36% have reduced their price. For sellers, what better time to enter the market to have potential buyers view your home when they are out looking. From a buyer’s perspective, there are plenty of homes for you choose from.

At this week’s median price of $209,900 you can expect:

• 3 Bedrooms
• 2.5 Bathrooms
• .25 – .50 acres
• 1,960 square footage

Chesterton Indiana Real Estate Week At A Glance:

• 6 New Listings
• 8 Sold Listings 
• 185 Homes Listed
• 256 Average Days on Market

 

Thinking about buying or selling or know someone who is?

Call, text or email me to help you get started!

Chesterton Real Estate

New Homes Sales Gain in June, But What Does It Mean

After a down month in May, the sales of newly-built homes appears back on track.

As published by the Census Bureau, June’s New Home Sales report showed:

1. A 24 percent sales volume increase from the month prior
2. A 2-month drop in the supply of newly-built home

There are now just 210,000 new homes for sale nationwide.

June’s data is a major improvement over May, but it’s possible that the true “new home market” may be softer than the statistics suggest. This is for several reasons.

First, we’re comparing June’s sales data to the worst month in New Home Sales history.

In May, sales of new homes totaled just 267,000 units nationwide. That’s one-quarter fewer sales than in the previous worst month in New Home Sales history. May’s sales levels were awful by any measure but June’s improvement to 330,000 units remains second-worst sales levels ever posted.

Second, June’s new home supply of 7.6 months is elevated versus the historical norm near 6.0 months.  The last year has averaged 7.7 months.

For buyers of new homes in Chesterton Indiana, this combination of low sales volume and higher-than-normal inventory may be a positive. It’s the main reason why homebuilder confidence is reeling and the downturn has opened some doors for big discounts and deals. Free upgrades and closing cost credits can make a well-priced home even more attractive in Chesterton Indiana.

Plus, home affordability in Chesterton Indiana may never be better with mortgage rates at all-time lows and expected to rise later this fall.