{"id":416,"date":"2008-02-29T13:01:28","date_gmt":"2008-02-29T17:01:28","guid":{"rendered":"http:\/\/www.realst8.crankpin.com\/market-conditions\/status-of-the-south-bend-area-housing-market-february-2008\/"},"modified":"2008-02-29T13:26:26","modified_gmt":"2008-02-29T17:26:26","slug":"status-of-the-south-bend-area-housing-market-february-2008","status":"publish","type":"post","link":"https:\/\/www.realst8.com\/staging\/9756\/market-conditions\/status-of-the-south-bend-area-housing-market-february-2008\/","title":{"rendered":"Status of the South Bend Area Housing Market: February 2008"},"content":{"rendered":"<p>This month we are dropping the average prices for scatter graphs that show more information more quickly. We are also grouping condos, villas and townhouses. As always, feedback on the numbers and format is appreciated in the comments.<\/p>\n<p><strong>Entire MLS<\/strong> (residential)<br \/>\nListed today: 2,440 properties \/ combined list price of $338,078,129<br \/>\nSold in February: 218 transactions \/ $22,539,156 in volume<br \/>\nNoteworthy: This month was more active than last month&#8217;s $17,188,951 in sales, but just 68% of February 2007&#8217;s $32,908,117. More information on previous years <a href=\"http:\/\/www.realst8.com\/staging\/9756\/images\/sales_2002_2007.jpg\" target=\"_blank\">here<\/a>.<\/p>\n<p><strong>Single Family Houses<\/strong><br \/>\nListed today: 2,246 &#8211; nearly identical to January 31st&#8217;s 2,234<br \/>\nSold in February: 206 &#8211; up from 174 in January<br \/>\nNoteworthy: These numbers inlcude 64 cash sales under $50,000. That&#8217;s 31% of all February single family home sales.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"http:\/\/www.realst8.com\/staging\/9756\/images\/market\/feb08\/sf-feb.jpg\" alt=\"February 2008 Single Family HomeSales - South Bend Area MLS\" height=\"255\" width=\"449\" \/><\/p>\n<p><strong>Townhouses\/Condos\/Villas<\/strong><br \/>\nListed today: 189 &#8211; up a bit from 180 on January 31st<br \/>\nSold in February: 12 &#8211; up from 7 in January<br \/>\nNoteworthy: This month saw the first sale in <a href=\"http:\/\/www.michianarealestateguide.com\/condos\/oak-hill\/\" title=\"Notre Dame condos - Oak Hill \" target=\"_blank\">Oak Hill<\/a> since 9\/13\/07, for 90% of asking price. With a second unit pending in the complex it could be a sign that the impasse is over with sellers starting to realign their prices to the market and buyers conceding more value in a walk-to-Notre-Dame location.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"http:\/\/www.realst8.com\/staging\/9756\/images\/market\/feb08\/townhouse-feb.jpg\" alt=\"February 2008 condo\/townhome\/villa sales South Bend Area MLS\" height=\"256\" width=\"451\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This month we are dropping the average prices for scatter graphs that show more information more quickly. We are also grouping condos, villas and townhouses. As always, feedback on the numbers and format is appreciated in the comments. Entire MLS (residential) Listed today: 2,440 properties \/ combined list price of $338,078,129 Sold in February: 218 [&hellip;]<\/p>\n","protected":false},"author":1,"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-416","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\/416","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/comments?post=416"}],"version-history":[{"count":0,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts\/416\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/media?parent=416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/categories?post=416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/tags?post=416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}