Comments on: South Bend Real Estate Sales Report: June 2010 http://www.realst8.com/market-conditions/south-bend-real-estate-sales-report-june-2010/ 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: Randy Vanderpool http://www.realst8.com/market-conditions/south-bend-real-estate-sales-report-june-2010/comment-page-1/#comment-26596 Randy Vanderpool Mon, 02 Aug 2010 18:43:35 +0000 http://www.realst8.crankpin.com/?p=1145#comment-26596 Thanks again for always keeping us in the know with your situation. Glad to see things are continuing to creep up! Thanks again for always keeping us in the know with your situation. Glad to see things are continuing to creep up!

]]> By: Jim Scollon http://www.realst8.com/market-conditions/south-bend-real-estate-sales-report-june-2010/comment-page-1/#comment-25704 Jim Scollon Thu, 15 Jul 2010 20:54:18 +0000 http://www.realst8.crankpin.com/?p=1145#comment-25704 Nick, We had 5 new construction homes close in June at Stonebridge Villas! They are all in the MLS. Jim Nick,
We had 5 new construction homes close in June at Stonebridge Villas! They are all in the MLS.
Jim

]]> By: Irish Eyes http://www.realst8.com/market-conditions/south-bend-real-estate-sales-report-june-2010/comment-page-1/#comment-25655 Irish Eyes Wed, 14 Jul 2010 15:17:57 +0000 http://www.realst8.crankpin.com/?p=1145#comment-25655 Always interesting numbers!!! I think it is clear that the Home Buyer Tax Credit had an affect on sales in our area (whether they would have sold anyway is an open question) there was a huge rush to sign a contract by the end of April and close by the end of June (closing date has been extended to end of September...a $8,000 incentive to back date a contract...oh well, just more real estate fraud I suppose...why not just extend it 1 month...3 extra months to close just encourages backdating without extending the tax credit). You can see huge numbers for went under contract in April then elevated sales in May and June. HUGE fall off in went under contract numbers in May and just so so June under contract numbers. The June sold spike is gonna reverse big time in July and the rest of the year. I summarized Nick's numbers for January through June below for easy review. June 2010: 345 sold 293 went under contract May 2010: 285 sold 208 went under contract April 2010: 262 sold 458 went under contract March 2010: 238 sold 299 went under contract February 2010: 152 sold 247 went under contract January 2010: 121 sold 201 went under contract -------------------------------------- Looks like Oak Hill condos are coming back down to earth....one wonders if the buyer used the first time home buyer tax credit (for example, simply title it in the name of a son or daughter?). Ouch on the Dublin Village sale especially when you take into account the transaction costs. A $400,000 ouch on Ashton Court.... Will be curious to see what prices Ivy Quad closes at. Always interesting numbers!!!

I think it is clear that the Home Buyer Tax Credit had an affect on sales in our area (whether they would have sold anyway is an open question) there was a huge rush to sign a contract by the end of April and close by the end of June (closing date has been extended to end of September…a $8,000 incentive to back date a contract…oh well, just more real estate fraud I suppose…why not just extend it 1 month…3 extra months to close just encourages backdating without extending the tax credit). You can see huge numbers for went under contract in April then elevated sales in May and June. HUGE fall off in went under contract numbers in May and just so so June under contract numbers. The June sold spike is gonna reverse big time in July and the rest of the year. I summarized Nick’s numbers for January through June below for easy review.

June 2010:
345 sold
293 went under contract

May 2010:
285 sold
208 went under contract

April 2010:
262 sold
458 went under contract

March 2010:
238 sold
299 went under contract

February 2010:
152 sold
247 went under contract

January 2010:
121 sold
201 went under contract

————————————–

Looks like Oak Hill condos are coming back down to earth….one wonders if the buyer used the first time home buyer tax credit (for example, simply title it in the name of a son or daughter?). Ouch on the Dublin Village sale especially when you take into account the transaction costs. A $400,000 ouch on Ashton Court…. Will be curious to see what prices Ivy Quad closes at.

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