July is over and based on a data pull I made Saturday, there were 249 closed sales in the South Bend Area MLS for $29.39 million in volume. That volume is down slightly from the June 2009 figures.
Charts and Graphs
Long Term Graph of Sales Volume by month in the South Bend Area MLS
The prices of all homes sold through the South Bend Area MLS for July 2009
The location of sold homes in the South Bend Area MLS for July 2009
Number of real estate sales in the South Bend Area MLS for July 2009 by City
Average sales price of homes sold through the South Bend Area MLS for July 2009
Type of financing for homes sold through the South Bend Area MLS for July 2009
Notre Dame Condos and Townhomes
This month there were no closings of condos or townhouses near Notre Dame reported in the MLS. I’ll check again in a few days to make sure none of the half dozen pending Notre Dame condo/townhouse sales closed with a slow agent who didn’t yet report the sale, but simply put, sales of the Notre Dame condos are sluggish. Likely reasons for the decrease in sales include increased competition from newly-built high-end apartment buildings and more strict lending guidelines that exclude some people who may have bought in past years.
One Pendle Woods villa sold for $286,500. It previously sold in August 2006 for $318,302 and was originally listed at $358,000 in October 2007. It sold for about 90% of its price when new and about 80% of its original list price.
An assortment of other villas and a duplex unit also sold, but in locations throughout Mishawaka and South Bend that are not communities I consider to be “Notre Dame condos” and regularly track on this site.
For comparison, one year ago in July (2008), there were 11 closings I’d call Notre Dame condos:
two North Shore Club condos,
one Woodbridge condo,
two Waterford Estates condo-hotel rooms,
one Dublin Village townhouse,
one Wexford Place townhouse,
and four Irish Crossings townhouses