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 the highest sales volume since that month.

Here is the long term graph of monthly sales volume.

Real Estate Sale by Month in/near South Bend, Indiana

Here are all the June sales on a single graph. They are broken out by type of financing (conventional loan, FHA loan, cash purchase, etc.)

 

The high price sales were:

7 Responses

    1. KF-

      Here are the quick answers from the MLS:

      Twyckenham Hills
      34 sales since 1/1/2010
      low: $41k
      high: $250k
      average $86,757 / median $82,750

      Scottsdale
      27 sales since 1/1/2010
      low: $24,100
      high: $112,900
      average $74,146 / median $74,900

      Remember that each neighborhood has more and less desirable areas, and locations that impact price considerably (e.g. backing to a highway). That lessens the usefulness of average numbers, but they are a good place to start a neighborhood analysis. Also note my standard caveat, “Don’t make financial decisions based on a blog post.” If you want more help understanding these neighborhoods, e-mail me.

  1. Thanks, Nick. I was just curious. I live in Twyckenham Hills and have absolutely NO INTENTION of selling. I LOVE this area! Having lived in Granger, I think it is every bit as nice (if not nicer due to having city utilities), and the Ireland Rd. conveniences are a nice perk. I rarely have to go to Grape/Main. I LOVE that! If I wanted those kinds of traffic headaches, I would have stayed in Chicago! 🙂

  2. By the way, if you ever need someone to speak on behalf of the 46614 zip code to prospective buyers, I’d be MORE than happy to help. This is such a wonderful community out here.

Leave a Reply

Your email address will not be published. Required fields are marked *