Saturday, February 21, 2009

Weekly Market Update for the week ending February 20th

Wow! 98 new listings went on the market this week, up from 27 new listings last week. Here's the break down of the listings:
  • 4 Condos/PUDs (aka Townhouses in other markets)
  • 66 single family homes
  • 23 land listings
  • 5 commercial listings
The condos/PUDs range in price from $77,900 for an Eagle Point condo to a new construction free standing patio home in Baywood priced at $242,500

The 66 single family homes range in price from mobile home on 2+ acres in Morgan County to a 19 room, six bedroom home with 6870 square feet located in Sterling Woods priced at $1,095,000. Most of the new listings are priced from the $130K's to the low $200k's.

The land listings are priced from $15,000 for a .8 acre lot in Owen County to a 68 acre tract of land in Ellettsville priced at $1,025,000.

Right now there are 1127 residential listings on the market and 13 of those sold this week. Here are the numbers:

  • 1 condo/PUD
  • 12 single family homes

The condo was a 3 bedroom, 3 bath home in Oaklawn Park at Canada Park and sold for $130,000. The single family homes ranged from $99,900 for a bi-level in Kelli Heights to a 10 room home with 3860 square feet in Morgan County that sold for $398,500.

The median sales price for single family homes this week was $190,800 which is down from last weeks number of $209,556. But the number of sales was up by 85%.