Comments on: South Bend Home Sales: The Low End vs. The Luxury Market http://www.realst8.com/market-conditions/south-bend-home-sales-the-low-end-vs-the-luxury-market/ Real Estate and Area Information for South Bend, Mishawaka, Granger and Notre Dame, Indiana Wed, 01 Feb 2012 07:56:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Irish Eyes http://www.realst8.com/market-conditions/south-bend-home-sales-the-low-end-vs-the-luxury-market/comment-page-1/#comment-24446 Irish Eyes Tue, 05 Jan 2010 04:10:47 +0000 http://www.realst8.crankpin.com/?p=1007#comment-24446 How are the December and year end stats coming along Nick? Your monthly posts are always insightful... THANKS!!! And Happy New Year too! How are the December and year end stats coming along Nick? Your monthly posts are always insightful… THANKS!!! And Happy New Year too!

]]> By: Nick Molnar http://www.realst8.com/market-conditions/south-bend-home-sales-the-low-end-vs-the-luxury-market/comment-page-1/#comment-24174 Nick Molnar Wed, 16 Dec 2009 18:03:01 +0000 http://www.realst8.crankpin.com/?p=1007#comment-24174 Thanks for the feedback. I shortened the post a bit, but maybe this is more interesting to an agent than to anyone else. I thought it noteworthy that the supply of homes less expensive than the average (under $50,000) is comparable to those more expensive than the average (over $200,000) but the lower priced properties are outselling those at higher price points three to one. I'd guess that investors are buying but people are not moving. I'll try to put together a more comprehensive picture of 2009 sales over the coming weeks and post it in 2010. Thanks for the feedback. I shortened the post a bit, but maybe this is more interesting to an agent than to anyone else. I thought it noteworthy that the supply of homes less expensive than the average (under $50,000) is comparable to those more expensive than the average (over $200,000) but the lower priced properties are outselling those at higher price points three to one. I’d guess that investors are buying but people are not moving.

I’ll try to put together a more comprehensive picture of 2009 sales over the coming weeks and post it in 2010.

]]> By: Irish Eyes http://www.realst8.com/market-conditions/south-bend-home-sales-the-low-end-vs-the-luxury-market/comment-page-1/#comment-24173 Irish Eyes Wed, 16 Dec 2009 17:45:43 +0000 http://www.realst8.crankpin.com/?p=1007#comment-24173 Hey Nick....like the posts but can't make sense of this one. You might want to reread and clarify. Thanks. What would be interesting would be to know the number of sales over $200K, $300K, or whatever that are to people who don't claim the homestead exemption (rough estimate of second home buyers). In the low priced markets, non-homestead exempted properties probably are rentals while in the high priced market they would be second homes. Hey Nick….like the posts but can’t make sense of this one. You might want to reread and clarify. Thanks.

What would be interesting would be to know the number of sales over $200K, $300K, or whatever that are to people who don’t claim the homestead exemption (rough estimate of second home buyers). In the low priced markets, non-homestead exempted properties probably are rentals while in the high priced market they would be second homes.

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