{"id":438,"date":"2008-04-30T19:23:38","date_gmt":"2008-04-30T23:23:38","guid":{"rendered":"http:\/\/www.realst8.crankpin.com\/?p=438"},"modified":"2008-05-01T13:05:57","modified_gmt":"2008-05-01T17:05:57","slug":"status-of-the-south-bend-area-housing-market-april-2008","status":"publish","type":"post","link":"https:\/\/www.realst8.com\/staging\/9756\/market-conditions\/status-of-the-south-bend-area-housing-market-april-2008\/","title":{"rendered":"Status of the South Bend Area Housing Market: April 2008"},"content":{"rendered":"<p><strong>Entire MLS<\/strong> (residential)<br \/>\nListed today: 2,601 properties \/ combined list price of $377,318,851<br \/>\nSold in April: 262 transactions \/ $28,352,752 in volume<br \/>\nNoteworthy: still 10 months of supply and the mls is running out of keyboxes.<\/p>\n<p><strong>Single Family Houses<\/strong><br \/>\nListed today: 2,414<br \/>\nSold in April: 246 transactions, $25,295,027 in volume<br \/>\nNoteworthy: 83 sales, 34% of the month&#8217;s total, were below $50,000. All were below $500,000.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone\" src=\"http:\/\/www.realst8.com\/staging\/9756\/images\/market\/april08-1.jpg\" alt=\"House Sales Prices in the Greater South Bend-Mishawaka MLS, April 2008\" \/><\/p>\n<p><strong>Townhouses\/Condos\/Villas<\/strong><br \/>\nListed today: 186<br \/>\nSold in April: 16 transactions, $3,057,725 in volume<br \/>\nNoteworthy: The proposed &#8220;<a title=\"Main Street Condos at the JMS building in SOuth Bend, Indiana\" href=\"http:\/\/www.realst8.com\/staging\/9756\/condos\/new-downtown-condos-proposed\/\" target=\"_blank\">Main Street Condos<\/a>&#8216; at the JMS building expired without comment or visible progress.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone\" src=\"http:\/\/www.realst8.com\/staging\/9756\/images\/market\/april08-2.jpg\" alt=\"Condo \/ Villa \/ Townhouse Sales Prices in the Greater South Bend - Mishawaka MLS, April 2008\" \/><\/p>\n<p><strong>Condo Sales in Detail<\/strong><br \/>\nApril&#8217;s condo sales consisted of two new construction condos, an Oak Hill flip, one unit at Ashbury Court and a few lower-priced condos.<\/p>\n<ul>\n<li>complex: Irish Crossings. address: 54680 Burdette. sales price: $368,815. square feet: 1,794. $205.58\/sf. sales history: new construction. note: Irish Crossings is still attracting interest and buyers, despite their top of the market prices.<\/li>\n<li>complex: Ashbury Ct. address: 246 Ashbury Ct. sales price: $280,000. square feet: 2,220 per tax record (+1,500 sf finished lower level). $126.13\/sf. sales history: listed 10\/22\/07 for $299,500. note: Ashbury Court is nearer villa status than most condos and I almost hesitate to include it here. There are attached units in the complex, so I opted to keep it on the condo list.<\/li>\n<li>complex: Oak Hill. address: 1423 Oak Hill Ct. sales price: $230,000. square feet: 900 (+finished lower level). $255.56\/sf. sales history: listed 10\/11\/07 for $234,900, previously sold 9\/13\/07 for 189,000 and 11\/15\/05 for $156,900. note: I believe this is the highest price flip, and possibly the highest price sale in Oak Hill history. It looks like the buyer was able to get conventional financing despite the current lending conditions and a dearth of comparable sales.<\/li>\n<li>complex: North Douglas. address: 5640 Irish Way #4. sales price: $138,600. square feet: 1,379. $100.51\/sf. sales history: new construction. note: the complex finally has a staged model unit, sales of ground floor condos has been slow, especially those fronting to the parking lot.<\/li>\n<li>complex: Sedgewick House. address: 820 Lincoln Way West #22. sales price: $84,000. square feet: 1,067. $78.73\/sf. sales history: listed 6\/4\/2007 for $95,000, previously sold 8\/1\/05 for $67,350. note: The previously unmentioned on this blog Sedgewick House condos are no-glitz condos near the 100 Center in Mishawaka.<\/li>\n<li>complex: Woodbridge. address: 18120 Stoneridge B. sales price: $82,500 with seller concession of $2,475. square feet: 932. $85.86\/sf. sales history: listed 11\/9\/07 for $82,000, previously sold 4\/4\/05 for $76,500 and 1\/14\/03 for $75,000. note: there are 8 active listings in Woodbridge (excluding their villas) priced $87,500 &#8211; $129,900. It&#8217;s probably not a coincidence that the lowest priced condo in the complex is the one that sold.<\/li>\n<li>complex: Topsfield. address: 2500 Topsfield #419. sales price: $48,000. square feet: 800. $60\/sf. sales history: listed 12\/19\/07 for $54,900. note: Topsfield remains the most affordable condominium complex in South Bend.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Entire MLS (residential) Listed today: 2,601 properties \/ combined list price of $377,318,851 Sold in April: 262 transactions \/ $28,352,752 in volume Noteworthy: still 10 months of supply and the mls is running out of keyboxes. Single Family Houses Listed today: 2,414 Sold in April: 246 transactions, $25,295,027 in volume Noteworthy: 83 sales, 34% of [&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-438","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\/438","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=438"}],"version-history":[{"count":0,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts\/438\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/media?parent=438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/categories?post=438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/tags?post=438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}