{"id":2044,"date":"2012-03-08T14:31:48","date_gmt":"2012-03-08T18:31:48","guid":{"rendered":"http:\/\/www.realst8.com\/staging\/9756\/?p=2044"},"modified":"2012-03-08T14:31:48","modified_gmt":"2012-03-08T18:31:48","slug":"south-bend-real-estate-report-january-february-2012","status":"publish","type":"post","link":"https:\/\/www.realst8.com\/staging\/9756\/market-conditions\/south-bend-real-estate-report-january-february-2012\/","title":{"rendered":"South Bend Real Estate Report: January-February 2012"},"content":{"rendered":"<p>Here are the recent sales recorded in the Greater South Bend Mishawaka MLS\u00a0(<a title=\"Free South Bend MLS search\" href=\"http:\/\/www.realst8.idxco.com\/idx\/3142\/basicSearch.php\" target=\"_blank\">search it here<\/a>)<\/p>\n<ul>\n<li>January: 148 sales, totaling just over $14 million.<\/li>\n<li>February: 161 sales, totaling about $15.8 million.<\/li>\n<\/ul>\n<p>Distressed sales, which I&#8217;ll define as\u00a0disclosed foreclosures or short sales, are a\u00a0significant\u00a0but not overwhelming piece of the market. In these two months they accounted for about 1 in 3 sales and about 20% of the dollars sold.<\/p>\n<p>Here is a scatter graph showing all the sales at a glance.<\/p>\n<p><a href=\"http:\/\/www.realst8.com\/staging\/9756\/wp-content\/uploads\/2012\/03\/January-February-2012-real-estate-sales.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-2046\" title=\"January-February 2012 real estate sales\" src=\"http:\/\/www.realst8.com\/staging\/9756\/wp-content\/uploads\/2012\/03\/January-February-2012-real-estate-sales-300x169.jpg\" alt=\"\" width=\"300\" height=\"169\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>And here is the long term sales graph, which lets you easily compare sales volume to past years<\/p>\n<p><a href=\"http:\/\/www.realst8.com\/staging\/9756\/wp-content\/uploads\/2012\/03\/South-Bend-Real-Estate-Sales-Long-Term-Graph1.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignnone size-medium wp-image-2051\" title=\"South-Bend-Real-Estate-Sales-Long-Term-Graph\" src=\"http:\/\/www.realst8.com\/staging\/9756\/wp-content\/uploads\/2012\/03\/South-Bend-Real-Estate-Sales-Long-Term-Graph1-300x207.jpg\" alt=\"\" width=\"300\" height=\"207\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>2012 is starting off at a slightly faster pace than the last few years, but until we see numbers for March and April it&#8217;s not very useful to make predictions for the year. From what I&#8217;ve seen so far this year, it appears sellers who can wait are doing just that. <a href=\"http:\/\/www.realst8.com\/staging\/9756\/wp-content\/uploads\/2012\/03\/new-listings-jan-feb.jpg\" target=\"_blank\">There are fewer new Spring listings than in past years<\/a>. And while buyers with vision will find many options, there is a shortage of polished, updated homes that don&#8217;t need any work at all. It&#8217;s not as extreme as <a href=\"http:\/\/blog.redfin.com\/blog\/2012\/03\/inventory_shortage_move_along_nothing_to_see_here.html\" target=\"_blank\">Redfin&#8217;s Geln Kelman describes in larger markets<\/a>, but if you have a turnkey home in a popular South Bend or Granger neighborhood, you might be in a stronger position as a seller than you&#8217;d think just listening to the news about foreclosures and fraud.<\/p>\n<p>Have a question about South Bend real estate? Put it in the comments or <a href=\"mailto:nick@realst8.com\">send me a note<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are the recent sales recorded in the Greater South Bend Mishawaka MLS\u00a0(search it here) January: 148 sales, totaling just over $14 million. February: 161 sales, totaling about $15.8 million. Distressed sales, which I&#8217;ll define as\u00a0disclosed foreclosures or short sales, are a\u00a0significant\u00a0but not overwhelming piece of the market. In these two months they accounted for [&hellip;]<\/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-2044","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\/2044","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=2044"}],"version-history":[{"count":5,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts\/2044\/revisions"}],"predecessor-version":[{"id":2063,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts\/2044\/revisions\/2063"}],"wp:attachment":[{"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/media?parent=2044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/categories?post=2044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/tags?post=2044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}