![\"\"](\"http:\/\/realst8.com\/images\/market\/12-2008.jpg\" "\\"December")
<\/p>\nThe year limped to a close in regards to real estate. Here’s the report on sales through the South Bend Area MLS.<\/p>\n
223 sales closed, with a combined total of $22,610,122. That is higher than last month’s near $16 million in sales, but down from about $30.5 million in December 2007. Here are the final sales prices of all 223 transactions.<\/p>\n
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The highest price sale was in Granger’s Covington Shores, where 14301 Parkridge Drive<\/a> sold for $560,000. The sellers listed it in February for $763,500 and reduced it bit by bit until the sale. 249 days on the market and about a 25% reduction from their original price.<\/p>\n The lowest priced sale was in South Bend, at 1345 College<\/a>. It sold for $3,000 after 77 days on the market. Since it was listed for $6,000, the sellers got 50% of their asking price.<\/p>\n Condo-wise, things continue to be extremely slow. One condo sold, in the North Shore Club<\/a>. It was a 1,000 square foot model with 1 bedroom and 1 bath. The sellers listed it in January for $89,900 and it went for $76,000. That means it sold at a loss for the sellers who seem to have paid $82,000 for it in 2005.<\/p>\n And, a New Year’s gift to all you stats fiends, sales volume from the South Bend MLS by month, 2002-2008. Click on the thumbnail for a larger image.<\/p>\n \u00c2<\/p>\n![\"Sales](\"http:\/\/realst8.com\/images\/market\/2002-2008_smaller.jpg\" "\\"Sales")
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