The Residential Real Estate market in NW Allen county for the 4th Qtr of 2011 continued to improve. The number of units sold bettered both the 3rd Qtr of 2011 and the 4th Qtr of 2010.
The year over year comparisons for the 4th Qtr of 2011 saw large improvements in most all categories except a small increase in median cumulative days on market. As previously mentioned the number of homes sold increased pretty dramatically from this same time last year by 54 Homes or more than a 55% improvement to 151 Homes sold. The median price per sq ft also rose to $79.40/sq ft nearly 6% better than the 4th Qtr of 2010. Median days on market was the only area that saw a weeker number increasing to 86 days vs the 73 days in 2010 or 18% longer.
The Median Sales price of $155,000 for the 4th Qtr of 2011 was also a strong number, moving up from 2010's 4th Qtr Median Sales price of $145,750 or an increase over 6%
At a time when most people would think the Real Estate market slows down, the 4th quarter in Northwest Allen county remained strong when looking at comparisons to the 3rd quarter. The number of homes sold improved slightly to 151 or up 2% vs the 148 Homes sold in the 3rd quarter of 2011. While the Median Sales Price of $155,000 was down from the $160,000 mark in the 3rd Qtr of 2011, the median price per square foot remained steady reflecting smaller homes being sold more so than any reduction in overall market value. The median cumulative days on market rose a little over 19% from the 72 days in the 3rd quarter to 86 days in the 4th quarter.
The Median Sales price saw a small decline to $155,000 from the $160,000 mark set in the 3rd quarter of 2011. Still a strong number given that the price per square foot didn't change for this same time period.
Overall continued attractive interest rates I think have supported the strong 4th quarter of 2011 and will most likely contribute to the market going forward. Some slightly better economic and employment data could also contribute to a increase in numbers for the 1st quarter of 2012. There are currently 225 Homes Actively for Sale in Northwest Allen county as of this writting (Jan. 6th, 2012) down from the previous quarter's number of 270. If inventory continues at these reduced levels and the weather continues to remain mild for this time of year, we may see an opportunity for sellers to enter into a favorable market ahead of the normal Spring activity.
This report is for single family site-built homes in Northwest Allen County, Indiana. Data is provided from the FWAMLS for mls area AL01 or Perry, Lake and Eel River townships for the 4th Quarter 2011, the 3rd Quarter of 2011 and 4th Quarter of 2010 for comparative purposes. This information is provided solely to provide an overview of the market in this area and is not meant to be used for evaluating a particular homes value. The data is deemed reliable but not guaranteed.
I live in Northwest Allen County and enjoy all that living here affords me and my family..I'm not just another Realtor, I'm your neighbor.
Northwest Allen County is served by the Northwest Allen County school system which is made up of Carroll High School, the Freshman Campus, Carroll Middle schooland Maple Creek Middle school, 7 elementary schools (Arcola, Cedar Canyon, Eel River, Hickory Center, Huntertown, Oak Viewand Perry Hill) and a Youth Services Center.
Contact me for a free market analysis if you are interested in buying or selling a home in the Northwest Allen county area. Don't buy or sell a home in Northwest Allen County without contacting me first for the most up to date market information. I look forward to the opportunity of earning your business.
The Real Estate market for Northwest Allen county Indiana remained fairly solid for the third quarter of 2011. The 3rd quarter saw the first drop in median sales price in 3 quarters after a 13% increase since the end of 2010.
Year over year Northwest Allen showed increases in all major categories including a 7.5% increase in the number of homes sold from 136 to 147 in the 3rd quarter of 2011. A steady measure of the median price per square foot at $79.33 and a slight increase in the days on market from 67 to 73 for the 3rd quarter of 2011.
Year over year the Median Sales price of $160,000 for the 3rd quarter of 2011 was almost a 3.5% increase.
The numbers are down a little bit from the 2nd Quarter of 2011, but don't forget we had that whole "government shutdown" debt ceiling thing going on around the first of August that put a lot of financial decisions on ice until it they got it cleared up. 147 homes sold in the 3rd quarter, a decline of 32 homes from the 2nd quarter of 2011. Median days on market was 73 days, up from 46 days last quarter and the median price per square foot was $79.33 a decline from $83.00 in the 2nd quarter.
Median sales prices dropped to $160,000 from $164,000 in the 2nd quarter of 2011
There were 270 active listings in Northwest Allen county at the time of this report. If we see a similar decline in activity in the 4th quarter that we saw in 2010, I would anticipate that buyers might see some good opportunities in the market here going forward. Continued positive interest rates will help activity in the area while the ongoing relocation of 1000+ Navistar employees out of the area may hamper the market in some areas.
This report is for single family site-built homes in Northwest Allen County, Indiana. Data is provided from the FWAMLS for mls area AL01 or Perry, Lake and Eel River townships for the 3rd Quarter 2011, the 2nd Quarter of 2011 and 3rd Quarter of 2010 for comparative purposes. This information is provided solely to provide an overview of the market in this area and is not meant to be used for evaluating a particular homes value. The data is deemed reliable but not guaranteed.
I live in Northwest Allen County and enjoy all that living here affords me and my family..I'm not just another Realtor, I'm your neighbor.
Northwest Allen County is served by the Northwest Allen County school system which is made up of Carroll High School, the Freshman Campus, Carroll Middle schooland Maple Creek Middle school, 7 elementary schools (Arcola, Cedar Canyon, Eel River, Hickory Center, Huntertown, Oak Viewand Perry Hill) and a Youth Services Center.
Contact me for a free market analysis if you are interested in buying or selling a home in the Northwest Allen county area. Don't buy or sell a home in Northwest Allen County without contacting me first for the most up to date market information. I look forward to the opportunity of earning your business.
Brian Kuhns, REALTOR®
Coldwell Banker Roth Wehrly Graber
(260)438-6289
(260)489-2485 x8487
email: bkuhns@cbrwg.com
find me on FACEBOOK
follow me on Twitter
Realtors get asked all kinds of questions in all kinds of ways, but the one I love getting the most from people is what in my opinion is the most important feature of a home when getting ready to put a house up for sale?
My response is...in my best viking voice like the guys on those Capital One credit card commercials "What's in your closet?"
Sellers often spruce up the curb appeal or make those little repairs,tear down wallpaper and paint in popular colors before listing their home for sale in order to attract potential buyers. All great ideas in order to make your home shine above the competition....but what's the first thing a buyer will do upon entering your home?......Open the closet closest to the front door!
Yes those stainless steel appliances are nice and those new countertops are fabulous.....but jam all the kids winter coats, hats, gloves, holiday decorations, board games and a vacuum cleaner in the front closet and guess what the first mental note taken of your home is to the buyers viewing your home.....There's not enough storage in this home!
Now, instead of enjoying all of the other features your home may have....potential buyers will spend the rest the tour with their radar on for further proof that your home is cramped for space and may overlook things that they would otherwise have a greater appreciation for if you had just cleared out the front closet.
If you're considering putting your home up for sale, start at the front of the house and keep an honest eye to how your home will be perceived by potential buyers and don't forget to get that closet cleaned out. You never get a second chance to make a first impression.
Brian Kuhns, REALTOR®
Coldwell Banker Roth Wehrly Graber
(260)438-6289
(260)489-2485 x8487
email: bkuhns@cbrwg.com
find me on FACEBOOK
follow me on Twitter
The following report is for single family site-built homes in Northwest Allen County, Indiana. Data is provided from the FWAMLS for mls area AL01 or Perry, Lake and Eel River townships for the 2nd Quarter 2011, the first Quarter of 2011 and 2nd Quarter of 2010 for comparative purposes. This information is provided solely to provide an overview of the market in this area and is not meant to be used for evaluating a particular homes value. The data is deemed reliable but not guaranteed
Year over year the second quarter of 2011 showed strength against 2010's Q2 which still had a Tax Credit in effect. The 2nd quarter of 2011 saw a slight decline in the number of homes sold from 191 in Q2 of 2010 to 178 in Q2 of 2011 but realised improvement in the data for those 178 homes that sold. Q2 continued to see increases in price per square foot numbers up almost 3.5% from Q2 of 2010 to $83.10. Median cumulative days on Market improved as well dropping to 46 days as compared to 53 days this same time last year.
Q2 Also saw a nice Median Sales Price increase year over year, up 6% to $164,450.
Q2 also had significant improvements from Q1 of 2011 with improvements in all categories
There are currently 329 active listings for single family residence in Northwest Allen County, which yields roughly a 6 month supply of inventory here. Going forward I look to see conditions remain stable given the continued low mortage rates and improved numbers from this quarter.
I live in Northwest Allen County and enjoy all that living here affords me and my family..I'm not just another Realtor, I'm your neighbor.
Northwest Allen County is served by the Northwest Allen County school system which is made up of Carroll High School, the Freshman Campus, Carroll Middle schooland Maple Creek Middle school, 7 elementary schools (Arcola, Cedar Canyon, Eel River, Hickory Center, Huntertown, Oak Viewand Perry Hill) and a Youth Services Center.
Contact me for a free market analysis if you are interested in buying or selling a home in the Northwest Allen county area. Don't buy or sell a home in Northwest Allen County without contacting me first for the most up to date market information. I look forward to the opportunity of earning your business.
Brian Kuhns, REALTOR®
Coldwell Banker Roth Wehrly Graber
(260)438-6289
(260)489-2485 x8487
email: bkuhns@cbrwg.com
find me on FACEBOOK
follow me on Twitter
|
 |
|
|
I'm excited about helping people find their dream home, whether you're a first time buyer or experienced with real estate, let me make your next transaction the easiest
Fort Wayne is a three time award winner of the All American City designation for it's being awarded the honor again in 2009
I've often heard people describe Fort Wayne as a great place to raise a family and it is, but there is much more to this city than going to work and sending your kids off to school and wondering what to do on the weekends. I live and work in the city's Northwest side so I'm biased about all the great things happening around here. Below is a beginners guide to all that this city has to offer, take some time to visit some of these websites if you are considering a move into the area or if you already live in the area maybe you'll find something that you'd forgotten this city offers. Then when you've decided to buy or sell your home in Fort Wayne give me a call..I look forward to hearing from you.
Some of Fort Wayne's professional athletic events
Fort Wayne Komets are BACK TO BACK Turner Cup Champions for a 3rd Straight year and a part of the International Hockey League (IHL). They play at the Allen County War Memorial Coliseum.
The Fort Wayne Tincaps are the single A affiliate for major league baseball's San Diego Padre's...formerly the Fort Wayne Wizards the Tincaps were the Midwest League Champions in their first year of existence in 2009. Playing at the beautiful new Parkview field downtown check here to see an aerial photo of the ballpark http://www.oxblue.com/pro/open/?webPath=bc/harrison
The Mad Ants are part of the NBA's D-League and are affiliated with the Detroit Pistons, Indiana Pacers and Milwaukee Bucks
New this year to Fort Wayne is an indoor arena style Football Team. The Fort Wayne Firehawks are part of the CIFL and play their games at the Memorial Coliseum.
Some of the Cultural and Arts related organizations of Fort Wayne
The Fort Wayne Philharmonic plays a 38 week season with concerts ranging from classical to modern pops artists and programs for all of Northeast Indiana schools www.fwphil.com
Check the Philharmonic Website for more information about Andrew Constantine...the new Fort Wayne Philharmonic Music Director...WELCOME ANDREW!!!
The Fort Wayne Ballet performs the Nutcracker every year with the Fort Wayne Philharmonic as well as many other performances and educational programs throughout the region www.fortwayneballet.org
The Fort Wayne Museum of Art is currently expanding it's operations at it's downtown location and should be an exciting venue when finished www.fwmoa.org
There are many opportunities for family outings in this great city, so if you are a part of one that I haven't mentioned below..don't be offended.
www.Kidszoo.org awesome awesome zoo!! with a new African journey exhibit to open summer of 2009
www.sciencecentral.org great hands on exhibits for kids and adults with educational demonstrations given by the staff
Some of my favorite restaurants
http://www.opentable.com/rest_profile.aspx?rid=27505 this is link to a review on opentable.com for Chappells Seafood and Steaks
Check back often as I will updating this page with more exciting offerings. For more information about Fort Wayne go to www.visitfortwayne.com or www.downtownfortwayne.com for upcoming events or blogs about Ft. Wayne
Now that you know what a great city Fort Wayne is come visit me at http://bkuhns.cbrwg.com to find your next Fort Wayne home!!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
