{"id":429,"date":"2008-04-01T11:00:40","date_gmt":"2008-04-01T15:00:40","guid":{"rendered":"http:\/\/www.realst8.crankpin.com\/market-conditions\/status-of-the-south-bend-area-housing-market-march-2008\/"},"modified":"2008-04-22T11:03:38","modified_gmt":"2008-04-22T15:03:38","slug":"status-of-the-south-bend-area-housing-market-march-2008","status":"publish","type":"post","link":"https:\/\/www.realst8.com\/staging\/9756\/market-conditions\/status-of-the-south-bend-area-housing-market-march-2008\/","title":{"rendered":"Status of the South Bend Area Housing Market: March 2008"},"content":{"rendered":"<p>Here are the March figures from the South Bend Area MLS, which primarily covers South Bend, Mishawaka and Granger properties. Sales are flat from last month and only two condos sold. I&#8217;ve seen a significant increase in inquiries and traffic to this web-site, but that hasn&#8217;t been reflected in the sales numbers. If you need help interpreting these figures and acting advantageously, or would like to see the data for your sub-market, <a title=\"Contact us\" href=\"http:\/\/www.realst8.com\/staging\/9756\/contact-us\/\" target=\"_blank\">contact us<\/a>.<\/p>\n<p><strong>Entire MLS (residential)<\/strong><br \/>\nListed today: 2,576 properties \/ combined list price of $379,727,078<br \/>\nSold in March: 219 transactions \/ $22,063,189 in volume<br \/>\nNoteworthy: $22 million in volume is the lowest sales figure in March for the online data set available to  Realtors, going back to 2002.<br \/>\n<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"http:\/\/www.realst8.com\/staging\/9756\/images\/market\/mar08\/volume.jpg\" alt=\"South Bend-Mishawaka MLS 2008 Sales Volume by month\" width=\"440\" height=\"218\" \/><\/p>\n<p><strong>Single Family Houses<\/strong><br \/>\nListed today: 2,338 &#8211; up slightly compared to to February 29th\u00e2\u20ac\u2122s 2,246<br \/>\nSold in March: 209 &#8211; nearly identical to February&#8217;s 206<br \/>\nNoteworthy: Despite the changing mortgage industry, conventional loans are still the most common way to buy a house. Of the 209 sales in this category, 94 used conventional financing, 76 were cash deals, 30 were FHA loans, 6 were VA loans, and 3 used other financing.<br \/>\n<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"http:\/\/www.realst8.com\/staging\/9756\/images\/market\/mar08\/houses-sales.jpg\" alt=\"Single Family House Sale Prices in the South Bend Area, March 2008\" width=\"439\" height=\"229\" \/><\/p>\n<p><strong>Townhouses\/Condos\/Villas<\/strong><br \/>\nListed today: 238 &#8211; up from 189 on February 29th. This number is somewhat inflated by the inclusion of 27 <a title=\"South Bend Main Street Condos in the JMS Building\" href=\"http:\/\/www.realst8.com\/staging\/9756\/condos\/new-downtown-condos-proposed\/\" target=\"_blank\">Main Street Condos<\/a> that seem to be in the mls as something of a market test.<br \/>\nSold in March: 10 &#8211; down from 12 in February<br \/>\nNoteworthy: Just two of the ten March 2008 sales in this category were condos, one at Irish Crossings and one at Oak Hill. The other eight were villas.<br \/>\n<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"http:\/\/www.realst8.com\/staging\/9756\/images\/market\/mar08\/condo-townhouse-villa-sales.jpg\" alt=\"Condo\/Villa\/Townhouse sale prices in the South Bend Area, March 2008\" width=\"440\" height=\"240\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are the March figures from the South Bend Area MLS, which primarily covers South Bend, Mishawaka and Granger properties. Sales are flat from last month and only two condos sold. I&#8217;ve seen a significant increase in inquiries and traffic to this web-site, but that hasn&#8217;t been reflected in the sales numbers. If you need [&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-429","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\/429","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=429"}],"version-history":[{"count":0,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts\/429\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/media?parent=429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/categories?post=429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/tags?post=429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}