![\"South](\"http:\/\/www.realst8.com\/staging\/9756\/wp-content\/uploads\/2012\/01\/South-Bend-Real-Estate-Sales-by-Month-thumb-150x150.jpg\" "\\"South")
<\/a>\u00a0 \u00a0 \u00a0![\"South](\"http:\/\/www.realst8.com\/staging\/9756\/wp-content\/uploads\/2012\/01\/Closed-Sales-2011-thumb-150x150.jpg\" "\\"South")
<\/a><\/p>\nHigh Priced Real Estate Sales in South Bend and Granger<\/h2>\n
Almost none of the sales were over $600,000 – in fact just eight exceeded that amount. If you take the 135 costliest purchases in 2011, that creates a list of the top 5% of sales. It effectively starts at $300,000, which is a fair definition of the high end market in the South Bend Area. That 5% of sales by number accounted for about 19% of sales by volume. And within it, there are just a handful of neighborhoods that had more than just a sale or two.<\/p>\n
In Granger, they were:<\/p>\n
- \n
- Woodland Hills, with 7 sales at an average of $681,129<\/li>\n
- Covington Shores, with 16 sales at an average of $427,813<\/li>\n
- Fox Chase, with 10 sales at an average of $405,900<\/li>\n
- Copperfield, with 3 sales at an average of $371,667<\/li>\n
- Wild Wing, with 3 sales at an average of $361,667<\/li>\n
- Quail Ridge\/South, with 6 sales at an average of $348,217<\/li>\n
- Saddlebrook, with 4 sales at an average of $344,750<\/li>\n
- Waterford Green, with 7 sales at an average of $328,429<\/li>\n
- Quail Valley, with 4 sales at an average of $322,100<\/li>\n<\/ul>\n
And in South Bend:<\/p>\n
- \n
- Erskine Manor, with 3 sales at an average of $434,667<\/li>\n
- Ridgedale, with 3 sales at an average of $359,167<\/li>\n
- Irish Crossings (resales): with 3 sales at an average of $357,500 – this doesn’t include new construction sales that closed outside the MLS.<\/li>\n<\/ul>\n
Distressed Real Estate Sales in South Bend – Foreclosures and Short Sales<\/h2>\n
The distressed market of foreclosures and short sales was also quite significant in 2011. Together they accounted for about 26% of sales by number of sales and about 13% of sales by volume.<\/p>\n
Foreclosures<\/h3>\n
There were 611 foreclosures sold and entered into the MLS in 2011. They closed at prices from $1,000 to $420,000 and include everything from rural homes on 20 acres to a townhouse near Notre Dame to 2007\/8 built homes in new developments.<\/p>\n
Of the sales, 215 sold at or above list price.
\n312 sold at 95% or greater of list price
\njust 85 sold for less than 80% of list price
\n473 were cash sales<\/p>\nHere are all the foreclosures at a glance by price and by location<\/p>\n
![\"South](\"http:\/\/www.realst8.com\/staging\/9756\/wp-content\/uploads\/2012\/01\/foreclosure-prices-thumb-150x150.jpg\" "\\"South")
<\/a>\u00a0 \u00a0 \u00a0![\"South](\"http:\/\/www.realst8.com\/staging\/9756\/wp-content\/uploads\/2012\/01\/Foreclosure-map-thumb-150x150.jpg\" "\\"South")
<\/a><\/p>\nThere are 121 foreclosures listed for sale as I write this, photos and details here<\/a>. (It will be live for about 90 days. If you find this after it expires, contact me for an update).<\/p>\n
Short Sales<\/h3>\n
There were 97 short sales sold and entered into the MLS in 2011. They closed at prices from $8,000 to $325,000.<\/p>\n
Of the sales, 21 sold at or above list price
\njust 14 sold for less than 80% of list price
\n40 were cash sales<\/p>\nHere are all the short sales at a glance by price<\/p>\n
![\"South](\"http:\/\/www.realst8.com\/staging\/9756\/wp-content\/uploads\/2012\/01\/short-sales-thumb-150x150.jpg\" "\\"South")
<\/a><\/p>\nThere are 149 short sales listed for sale as I write this, photos and details here<\/a>. (It will be live for about 90 days. If you find this after it expires, contact me for an update).<\/p>\n
\u00a0Have questions or need specific info?<\/h3>\n
That’s a brief summary of real estate sales in and around South Bend, Mishawaka and Granger Indiana in 2011 and a few important niche markets. If you are interested in South Bend real estate and want customized analysis or just a quick answer to a question – e.g. “what is for sale near Notre Dame under $200,000 and how does it compare to what has sold in the past?” or “What neighborhoods have older homes that are in good shape and a location that makes for an easy commute to downtown South Bend?” or “What’s Granger?”- e-mail me at nick@realst8.com<\/a>. I’d be happy to talk with you and if I’m not the person to help you I can probably put you in touch with someone who can.<\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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 […]<\/p>\n","protected":false},"author":37,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post-2008","post","type-post","status-publish","format-standard","hentry","category-market-conditions"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts\/2008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/comments?post=2008"}],"version-history":[{"count":5,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts\/2008\/revisions"}],"predecessor-version":[{"id":2027,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts\/2008\/revisions\/2027"}],"wp:attachment":[{"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/media?parent=2008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/categories?post=2008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/tags?post=2008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}