{"id":485,"date":"2008-10-01T22:03:26","date_gmt":"2008-10-02T02:03:26","guid":{"rendered":"http:\/\/www.realst8.crankpin.com\/?p=485"},"modified":"2011-03-21T12:22:34","modified_gmt":"2011-03-21T16:22:34","slug":"south-bend-real-estate-report-september-2008","status":"publish","type":"post","link":"https:\/\/www.realst8.com\/staging\/9756\/market-conditions\/south-bend-real-estate-report-september-2008\/","title":{"rendered":"South Bend Real Estate Report: September 2008"},"content":{"rendered":"<p>Lots of listings are expiring, six months after Spring contracts were signed. Despite this, there are still 2,733 residential properties for sale in the area&#8217;s mls with an asking price just over 408 million dollars.<\/p>\n<p>In September, there were 274 sales, for $30,233,646. Check the scatter graph for the price breakdown.<\/p>\n<figure style=\"width: 446px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"http:\/\/realst8.com\/images\/market\/sept08\/sales-9-08.jpg\" alt=\"September 2008 Sales Prices in the South Bend Area MLS\" width=\"446\" height=\"230\" \/><figcaption class=\"wp-caption-text\">September 2008 Sales Prices in the South Bend Area MLS<\/figcaption><\/figure>\n<p>There were just a handful of condo sales:<\/p>\n<ul>\n<li>Two at Irish Crossings, for $415,941 and $350,859<\/li>\n<li>Two at The Forest in Mishawaka, each for $170,000<\/li>\n<li>Two at Woodbridge, for $97,200 and $81,900<\/li>\n<li>One at Somers Square, for $128,000<\/li>\n<\/ul>\n<p>Nothing has sold in Oak Hill since June despite 8 listings now for sale (after one expired today). They are priced $164,500 to $229,500, clustered around $175,000. Oak Hill sellers, it looks like it&#8217;s time to drop your prices.<\/p>\n<p>Overall, sales for the year remain slow compared to years past. However September 2008&#8217;s sales volume was about 8% less than September 2007&#8217;s (see the comments for a note on an earlier version of this article with a mispublication). Here&#8217;s the graph for sales volume since September 2001:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignnone\" title=\"South Bend Area MLS sales volume by month\" src=\"http:\/\/realst8.com\/images\/market\/sept08\/macro-graph.jpg\" alt=\"\" width=\"445\" height=\"243\" \/><\/p>\n<p>As always, if you need greater insight into the market, or specific real estate services, don&#8217;t hesitate to <a title=\"South Bend's Best Realtors\" href=\"http:\/\/realst8.com\/contact-us\" target=\"_blank\">contact us<\/a>. There is more to know than we can fit in any post, and we&#8217;d be pleased to speak with you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lots of listings are expiring, six months after Spring contracts were signed. Despite this, there are still 2,733 residential properties for sale in the area&#8217;s mls with an asking price just over 408 million dollars. In September, there were 274 sales, for $30,233,646. Check the scatter graph for the price breakdown. There were just a [&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-485","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\/485","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=485"}],"version-history":[{"count":3,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts\/485\/revisions"}],"predecessor-version":[{"id":487,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts\/485\/revisions\/487"}],"wp:attachment":[{"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/media?parent=485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/categories?post=485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/tags?post=485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}