South Bend Real Estate Report: June 2008

by Nick Molnar on July 1, 2008

About 1 in 10 homes listed for sale sold in June 2008 in the South Bend Area MLS

Homes for sale
2,793 homes with a combined price of $405,474,558

Sales in June 2008
total: 273 transactions for $35,014,607 in sales volume
One in ten sold in the overall market. Here’s the breakdown in $50,000 increments.

$0 -  $50,000: 67 sales, 531 for sale, about 1 in 8 sold
$50,001 – $100,000: 64 sales, 817 for sale, about 1 in 13 sold
$100,001 – $150,000: 60 sales, 490 for sale, about 1 in 8 sold
$150,001 – $200,000: 34 sales, 399 for sale, about 1 in 12 sold
$200,001 – $250,000: 17 sales, 195 for sale, about 1 in 11 sold
$250,001 – $300,000: 14 sales, 118 for sale, about 1 in 9 sold
$300,001 – $350,000:  4 sales, 71  for sale, about 1 in 18 sold
$350,001 – $400,000:  6 sales, 59  for sale, about 1 in 10 sold
$400,001 – $450,000:  6 sales, 30  for sale, about 1 in 5 sold
$450,001 – $500,000:  0 sales, 21  for sales
over $500,001:             1 sale,   21  for sale, about 1 in 61 sold

Single Family Houses
256 sales for $32,016,378 in volume.

Condos and Townhomes
There were 7 June sales through the South Bend Area mls:
one condo-hotel at Waterford Estates for $134,500
one North Shore Club condo for $95,000
One Irish Crossings townhouse for $412,079
One New London Lake condo for $135,000
One Dublin Village townhouse for $210,000
Two Oak Hill condos for $159,900 and $172,000

The developer behind Stonebridge also reports four June sales, at $209,242, $253,365, $254,593, and  $273,447, outside of the mls. That means the South Bend Area condo / townhouse market had 11 sales in June for $2,309,126 in volume.

Market Trends

Past market reports on the South Bend Area Real Estate Blog


{ 1 comment… read it below or add one }

NDtom July 1, 2008 at 4:07 pm

Always interesting to see the end of month numbers. Two comprehensive graphs showing the number of sales and the dollar volume of sales for the past 5 years would be very very interesting to see if those numbers are available. The graph of 2007 and 2008 January through June are not as useful. Thanks for the update.

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