South Bend Real Estate Report: July 2008

by Nick Molnar on August 1, 2008

All Residential Properties
Early in the morning on August 1st, 2008, there were 2,873 residential properties listed for sale in the South Bend Area MLS with a combined price of $426,809,088
289 sales closed in July 2008 for $35,724,351 in sales volume
About 1 in 10 residential propertes listed for sale sold in July 2008 in the South Bend Area MLS

Single Family Houses
279 sales for $33,054,791 in volume.
The sales were nearly evenly split above and below $100,000
24 houses sold above $250,000

Condos and Townhouses
In July, there were 5 sales for $706,000 in volume reported in the mls.
With 86 condos and townhouses for sale, about 6 % of listed condos/townhouses sold in July.
17 condos or townhouses are currently marked “pending” and with the changing loan standards of the FHA and other lending institutiaons, it is likely some of these won’t close.

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New London Lake is Getting New Roofs

by Nick Molnar on July 15, 2008

The popular New London Lake condominium complex, built in 1973,  is getting new roofs.

New London Lake - Old Roofs

New London Lake - New Roof

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South Bend Real Estate Report: June 2008

by Nick Molnar on July 1, 2008

About 1 in 10 homes listed for sale sold in June 2008 in the South Bend Area MLS

Homes for sale
2,793 homes with a combined price of $405,474,558

Sales in June 2008
total: 273 transactions for $35,014,607 in sales volume
One in ten sold in the overall market. Here’s the breakdown in $50,000 increments.

$0 -  $50,000: 67 sales, 531 for sale, about 1 in 8 sold
$50,001 - $100,000: 64 sales, 817 for sale, about 1 in 13 sold
$100,001 - $150,000: 60 sales, 490 for sale, about 1 in 8 sold
$150,001 - $200,000: 34 sales, 399 for sale, about 1 in 12 sold
$200,001 - $250,000: 17 sales, 195 for sale, about 1 in 11 sold
$250,001 - $300,000: 14 sales, 118 for sale, about 1 in 9 sold
$300,001 - $350,000:  4 sales, 71  for sale, about 1 in 18 sold
$350,001 - $400,000:  6 sales, 59  for sale, about 1 in 10 sold
$400,001 - $450,000:  6 sales, 30  for sale, about 1 in 5 sold
$450,001 - $500,000:  0 sales, 21  for sales
over $500,001:             1 sale,   21  for sale, about 1 in 61 sold

Single Family Houses
256 sales for $32,016,378 in volume.

Condos and Townhomes
There were 7 June sales through the South Bend Area mls:
one condo-hotel at Waterford Estates for $134,500
one North Shore Club condo for $95,000
One Irish Crossings townhouse for $412,079
One New London Lake condo for $135,000
One Dublin Village townhouse for $210,000
Two Oak Hill condos for $159,900 and $172,000

The developer behind Stonebridge also reports four June sales, at $209,242, $253,365, $254,593, and  $273,447, outside of the mls. That means the South Bend Area condo / townhouse market had 11 sales in June for $2,309,126 in volume.

Market Trends

Past market reports on the South Bend Area Real Estate Blog

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South Bend Fireworks…ooh! ah!

by Tracy Molnar on June 28, 2008

Independence Day, commonly referred to as The 4th of July, commemorates our nation’s adoption of the Declaration of Independence. To many, it also means picnics, cookouts, parades, and fireworks! If you plan to shoot off your own fireworks, keep in mind our local laws as well as good fireworks safety tips.

If you decide to leave it to the pros, here’s where you can find some of our area’s displays:

Blast at St. Pat’s – St Patrick’s County Park
Saturday, June 28
South Bend Symphony Orchestra 8:00 pm; followed by the Fireworks display 10:30 pm
Admission: $15

SilverHawks games – Coveleski Stadium
Tuesday, July 1 through Saturday, July 5
Game time is 7:30 p.m. each night; fireworks display follow each game
Admission: $5-7; Children under 5 are free

Meet me on the Island – South Bend Regional Museum of Art
Thursday, July 3
Music by Clifford & Michaels Blues Band 5:00 pm; followed by fireworks at dusk
Admission: $7; Children under 12 and museum members are free

Comcast Day - East Race/Seitz Park
Sunday, July 6
Music and activities starting at 2:00 pm; followed by Fireworks at dusk
Admission: free

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Outdoor Music Festivals Around the South Bend Area

by Tracy Molnar on June 23, 2008

It’s time to enjoy great weather and great tunes. Check out the schedule of bands, days, and times below. There’s something for everyone.

Meet Me On the Island – Century Center, Island Park
Admission: $5; children under 12 free
July 3, 5:00 – 10:30pm – Clifford & Michaels Blues Band
August 29, 5:00 – 9:30pm – Darryl Buchannan
September 19, 5:00 – 9:30pm – The Whistle Pigs

Fridays By The Fountain, near W Colfax and N Michigan Streets
Admission: free
June 27, 11:30am - 1:30pm – John Sapen Band
July 11, 11:30am - 1:30pm – Little Frank & The Premiers
July 25, 11:30am - 1:30pm – Everyday People
August 8, 11:30am - 1:30pm – Kennedy’s Kitchen
August 22 11:30am - 1:30pm – Half-Pint Jones

Rooftop Rendezvous, near E Wayne and S St Joseph Streets
Admission: $7.00
June 21 , 6:00pm to 11:00pm - Driving Reign
July 12, 6:00pm to 11:00pm – Live Wire and Ruin Hayes
August 16, 6:00pm to 11:00pm – Vyagra Falls
September 20, 6:00pm to 11:00pm – Soul Funkshun

Beutter Park Thursday Concert Series
Admission: free
Jun 5, 6:30pm - South Slope Cut Throats
Jun 12, 6:30pm – Steve Foresman Band
Jun 19, 6:30pm – Driving Reign
Jul 3, 6:30pm – South Side Denny
Jul 10, 6:30pm - Soundwave
Jul 17, 6:30pm – FBI – Funky Blues Intuition
Jul 24, 6:30pm – High Life
Jul 31, 6:30pm - Last Call
Aug 14, 6:30pm – Vehicle
Aug 21, 6:30pm - Jason Sapen Band

Sundays at East Race / Seitz Park
Admission: free
June 22, 1:00pm — Celtic Fest and Kennedy’s Kitchen
June 29, 4:00pm — Dry Flood
July 6, 2:00pm — Comcast Day featuring: Jetta & the Jelly Beans, The Whistle Pigs, South Side Denny, Ruby Jazayre, and the Sisters of the Nile
July 13, 4:00pm — Zonnix The Band
July 20, 4:00pm — NIPSCO Day featuring: This End Up, LD Swygg Band, Jetta & the Jelly Beans, Leonardo
July 27, 4:00pm — Los Hermanos Bueno
Aug 3, 4:00pm — Soul Riders
Aug. 10, 4:00pm — Soul Funkshun

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