Erik Armstrong

Terre Haute Market Report

The market in Terre Haute has shown sign of decline sure, but not quite as much as the dooms-day reports are insinuating. According the THAAR (Terre Haute Area Association of REALTORS®) Year end report 2,151 homes were closed in 2007 down 7.92% from 2006. The average list price was down 3.61% which is reflective of the average sales price declining 4.3%. The average days on the market for homes in the area went up from 88 days in 2006 to 98 days in 2007, an increase of 11.36%.

I don't have any numbers to back it up as of right now but as of February the phone call are picking up. Curiosity combined with better weather conditions are bringing out the buyers. I hope that this will be enough to relieve a good portion of the sellers that have been feeling strapped lately.

Pfizer Inc. dropped their inhaled Insulin Exubera, eliminating 660 jobs along with it. Many people are forced to sell, which has some areas over populated with sellers. The problem is that even though these are perfectly good homes and priced to sell, many buyers are nervous about buying a home in an area with so many homes on the market.

Terre Haute News and Events

For the most up to date information on news and events please go to http://www.terrehaute.com/ (the official site for Terre Haute) Here you will be able to view up coming events and plan a fun weekend. For any questions please contact me.

Vigo County News and Events

For the most up to date information on news and events please go to www.terrehaute.com (the official site for Terre Haute) Here you will be able to view up coming events and plan a fun weekend. For any questions please contact me.

Erik Armstrong

Vigo County Market Report

The market in Vigo County has shown sign of decline sure, but not quite as much as the dooms-day reports are insinuating. According the THAAR (Terre Haute Area Association of REALTORS®) Year end report 2,151 homes were closed in 2007 down 7.92% from 2006. The average list price was down 3.61% which is reflective of the average sales price declining 4.3%. The average days on the market for homes in the area went up from 88 days in 2006 to 98 days in 2007, an increase of 11.36%.

I don't have any numbers to back it up as of right now but as of February the phone call are picking up. Curiosity combined with better weather conditions are bringing out the buyers. I hope that this will be enough to relieve a good portion of the sellers that have been feeling strapped lately.

Pfizer Inc. dropped their inhaled Insulin Exubera, eliminating 660 jobs along with it. Many people are forced to sell, which has some areas over populated with sellers. The problem is that even though these are perfectly good homes and priced to sell, many buyers are nervous about buying a home in an area with so many homes on the market.

**The facts and figures represented in this article are based off an the Terre Haute Area Association of REALTORS® and are intended to reflect the market condition of this market only. For facts and figures for your market please consult with a REALTOR® who specializes in your market.

About Vigo County

Vigo is pronounced Vee-go because of it's French origins however many locals pronounce it with a strong I instead. Vigo County was organized in 1818 and named for Francis Vigo. Francis Vigo was an Italian American who aided American forces during the Revolutionary War. Francis also helped found Vincennes University in Vincennes, Indiana. Francis Vigo lived 1747-1836.

This monument pays tribute to his importance in our community and resides at Vincennes University.

Vigo County's courthouse resides in Terre Haute, which is also the county's largest city. The courthouse was dedicated on June 7^th, 1888. It took over $400,000 and four years to complete but the results speak for themselves. The architect was Samuel Hannaford, and the builder was Terre Haute Stone Co.. The courthouse is located on the Northeast corner of US Hwy 41 and Ohio.