{"id":785,"date":"2009-09-02T08:01:53","date_gmt":"2009-09-02T12:01:53","guid":{"rendered":"http:\/\/www.realst8.crankpin.com\/?p=785"},"modified":"2011-03-21T12:22:34","modified_gmt":"2011-03-21T16:22:34","slug":"south-bend-real-estate-report-august-2009","status":"publish","type":"post","link":"https:\/\/www.realst8.com\/staging\/9756\/market-conditions\/south-bend-real-estate-report-august-2009\/","title":{"rendered":"South Bend Real Estate Report: August 2009"},"content":{"rendered":"<p>The South Bend Area MLS has closed sale information for 279 sales totalling $31.48 million. That is up from July&#8217;s figures though still the lowest total sales volume for any August back to 2001. August 2008 registered $39.17 million.<\/p>\n<div><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignnone\" style=\"border: 1px solid black;\" src=\"http:\/\/realst8.com\/images\/market\/aug-09\/long-term.jpg\" alt=\"\" width=\"496\" height=\"441\" \/><\/div>\n<h2 style=\"text-align: center;\">Sales by Price<\/h2>\n<div>There were three sales over $500,000 including two over $900,000.<\/div>\n<div>There were two sales at $3,500.<\/div>\n<div>147 sales were between $1 and $100,000<\/div>\n<div>102 sales were between $100,001 and $200,000<\/div>\n<div>30 sales were over $200,000<\/div>\n<div>The median sale was $92,500<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" class=\"alignnone\" style=\"border: 1px solid black;\" src=\"http:\/\/realst8.com\/images\/market\/aug-09\/scatter.jpg\" alt=\"\" width=\"496\" height=\"415\" \/><\/div>\n<h2 style=\"text-align: center;\">Sales by Financing<\/h2>\n<div>Financing remains an issue to watch. Closings are frequently taking longer than the 30 days after contract that used to be common.<\/div>\n<div>108 sales were financed with a conventional mortgage. They averaged 42 days from contract to closing.<\/div>\n<div>79 sales were purchased with cash. They averaged 30 days from contract to closing.<\/div>\n<div>78 sales were financed with FHA loans. They averaged 40 days from contract to closing.<\/div>\n<div>10 sales were financed with VA loans. They averaged 50 days from contract to closing.<\/div>\n<div>4 sales were financed in other ways or did not specify financing.<\/div>\n<h2 style=\"text-align: center;\">Condos and Townhomes<\/h2>\n<div>Townhomes took two of the most expensive sales in August.<\/div>\n<div>\n<ul>\n<li>A newly built 5,700 square foot, 8 bedroom, 8 bath townhouse at Stadium Village sold for $905,000.<\/li>\n<li>A newly built 2,722 square foot, 3 bedroom, 3.5 bath townhouse at the Townes at Kamm Island in Mishawaka sold for $445,843<\/li>\n<\/ul>\n<\/div>\n<div>Condos also sold at\u00a0the North Shore Club (two), \u00a0New London Lake and Sedgewick Place.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The South Bend Area MLS has closed sale information for 279 sales totalling $31.48 million. That is up from July&#8217;s figures though still the lowest total sales volume for any August back to 2001. August 2008 registered $39.17 million. Sales by Price There were three sales over $500,000 including two over $900,000. There were two [&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-785","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\/785","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=785"}],"version-history":[{"count":4,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts\/785\/revisions"}],"predecessor-version":[{"id":789,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/posts\/785\/revisions\/789"}],"wp:attachment":[{"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/media?parent=785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/categories?post=785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realst8.com\/staging\/9756\/wp-json\/wp\/v2\/tags?post=785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}