Market Conditions

South Bend Real Estate Report: March 2012

April 6, 2012

“Real estate sales are up!”,  ”The Spring Market has arrived!”,  ”The Economy is on track for a recovery!” Every year about this time I see these breathless headlines, roll my eyes, and run through the news story or article cataloging what significant details the author missed – the change to tax policy or qualified mortgages, that foreclosures [...]

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South Bend Real Estate Report: January-February 2012

March 8, 2012

Here are the recent sales recorded in the Greater South Bend Mishawaka MLS (search it here) January: 148 sales, totaling just over $14 million. February: 161 sales, totaling about $15.8 million. Distressed sales, which I’ll define as disclosed foreclosures or short sales, are a significant but not overwhelming piece of the market. In these two months they accounted for [...]

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South Bend Real Estate Report: 2011 Summary

January 20, 2012

In 2011, there were just under 2,700 real estate sales recorded in the Greater South Bend – Mishawaka MLS, which total just over $295 million altogether. Here is the long term sales graph which plots that by month, and a scatter graph that shows all the sales at a glance, broken down by type of [...]

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South Bend Real Estate Sales Report: July 2011

August 4, 2011

There are records in the Greater South Bend – Mishawaka MLS for 252 sales totaling about $31,918,657 in July 2011. That is down from about $33.6 million that sold in June 2011 but up from July 2010′s ~$24.5m   Here are all the July sales on a single graph, broken out by type of financing. and [...]

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South Bend Real Estate Sales Report: June 2011

July 7, 2011

There are records in the Greater South Bend – Mishawaka MLS for 286 sales totaling $33,621,366 closing in June 2011. That is up from the roughly $28m sold in May, but down from June 2010′s ~$40.2m. Note that June 2010 was the last month to have sales inflated by the homebuyer’s tax credit and June 2011 saw [...]

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