February – March 2014 Sales

by Nick Molnar on April 17, 2014

Sales recorded in the South Bend area MLS for February and March 2014

February: 148 sales, $19.56 million total
March: 194 sales, $23.28 million total

 

South Bend Real Estate Sales January February 2014

 

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18174 Baldwin Drive – An Entertainer’s Dream

by Nick Molnar on March 26, 2014

Pictures don’t do justice to this breathtaking, custom home on Gilmore Lake in desirable Bradford Shores. With approximately 6,000 finished square feet, a grand entrance with curved mahogany door, soaring ceilings with eleven and twelve foot heights, open floor plan and great water views, this home surpasses expectations.

Great room with significant hearth and large glass doors that look over the water and open to a wraparound deck.
Entertainer’s dream kitchen is open to the dining and living areas, and offers granite counters including an island with bar seating for six, walk in pantry, ample cabinetry and high end appliances including two built in ovens, six burner cooktop and integrated but hidden microwave.

Four bedrooms include two spacious master suites with separated tubs and tile shower enclosures. Two secondary bedrooms on the main floor share a full bath with dual sink vanity. Main floor master suite offers direct access to the deck and a walk-in closet with organization system.

The main floor is finished with a den / office with a custom detail ceiling, a guest’s powder room, large mudroom off the garage and laundry room with cabinetry.

The lower level walks out to a patio with water views and is finished to the same high standards as the main floor. It offers a bar, game room / second living room, home theater, cigar/poker room, and ample storage.
Paver drive, 3-car garage that is large enough for everything yet avoids becoming the focal point from the street, wraparound deck, paver patio and with an integrated seating and firepit.

Offered at $580,000. Contact Nick Molnar at 574-309-3758 / nick@realst8.com for more information.

 

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Sugar Camp Horse Ride

by Nick Molnar on March 20, 2014

Realst8.com is relaunching a weekly series of photos from around the South Bend – Mishawaka – Granger and surrounding area.

Our first is of the Sugar Camp Days at Bendix Woods County Park.

Sugar Camp Horse Ride

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January 2014 Sales

by Nick Molnar on February 18, 2014

After a long delay, the Realst8.com blog is active again.

Since our last posts on market conditions, the systems used by area Realtors have changed. Moving forward, I’ll post on sales in St Joseph County, Indiana, and not those posted in the “Greater South Bend – Mishawaka MLS” It’s a subtle but significant difference. So I’m not posting the long term graph this month. But I will work to recreate it based on this new criteria in the future.

Here are the January 2014 sales that hit the MLS. Click the icon for a larger image.

Real estate sales for St. Joseph County Indiana in January 2014
Real estate sales for St. Joseph County Indiana in January 2014

 

And if you’re making decisions on real estate in South Bend, Mishawaka, Granger, or Notre Dame, Indiana, and want professional guidance and answers to your questions, hit our contact page.

 

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We are halfway through 2013.  And sales are “up” compared with recent years. But whether you’re a buyer waiting for lower prices or a seller hoping for a return to 2006, don’t break out the champagne just yet. Long term trends aren’t clear and it will likely be a bumpy ride for some time yet: interest rates have spiked,  investors-banks-government agencies-and-the media are distorting markets, and many homeowners still owe more on property than they could clear if they had to sell today. My advice is unchanged: Be smart, do your homework, understand the niche market and plan for multiple potentialities.

Here are the figures from the Greater South Bend-Mishawaka Area MLS:

  • March: 251 closed sales, volume of ~ $24.9 million
  • April: 279 closed sales, volume of ~$32.6 million (edited from previously reported numbers due to late input of some closed sales)
  • May: 334 closed sales, volume of ~$43.8 million
  • June: 319 closed sales, volume of ~$45.3 million

 

Real estate sales volume by month

January 2001 – June 30, 2013

2001-to-June-2013-South-Bend-Area-Real-Estate-Sales

 

Only January 2010 – June 30, 2013

2010-June-2013-South-Bend-Real-Estate-Sales

 

 

 

 

 

 

 

 

Every sale recorded in the Greater South Bend – Mishawaka MLS for March, April, May and June 2013:

 

Sales at all prices

 

All real estate sales March, Arpil, May, June 2013 - South Bebnd, Granger, Notre Dame, Mishawaka and surrounding areas

 

Sales up to $300k
(this includes greater than 95% of closed sales)

All real estate sales to $300k, March, Arpil, May, June 2013 - South Bebnd, Granger, Notre Dame, Mishawaka and surrounding areas

 

 

 

 

 

 

These are useful statistics to get an idea of the overall market in and near South Bend. But before you buy be sure you drill down to a tighter data set.

Knowing that sales are up in the South Bend area is not enough to be an informed player in the market. You need to know what has happened within a half a mile, on the next block, and in the house two doors down. And you should know the trends and why that part of the larger market is performing well or poorly. Then you can make smart decisions. Call me if you want a more specific analysis.

 

 

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