Friday, March 27, 2009

Weekly Update for the Week Ending March 27th

It's been another busy week in and around Bloomington. 96 new listings on the market. Here's the break down:
  • 25 condos/PUDs
  • 54 Single family homes
  • 2 Multi family properties
  • 14 Land listings
  • 1 commercial listings

The new listing condo numbers are up this week thanks to the new construction condo building that is planned for Kirkwood Avenue. There will be more information on these condos next week on the b-town Report.

The highest priced single family home to come on the market this week is a 5000+ square foot home in Hyde Park listed at $5769,900. The lowest priced single family home to come on the market this week is located 13 miles south of Bloomington with 632 square feet and is priced at only $42,000.

There were 23 sales this week, the exact same number as last week. Here's the breakdown of the sales:

  • 2 Condo/PUDs
  • 14 Single family homes
  • 1 Multi family home
  • 3 land listings
  • 3 commercial listings

The high selling single family home of the week was a new construction house in Amber Ridge. It has four bedrooms, three and a half baths and just over 2800 square feet of finished living space. The list price was $419,000 and the selling price was $387,000.

Here's the price breakdown for the single family homes that sold this week:

  • 6 homes sold for under $100,000
  • 2 homes sold between $140,000 and $150,000
  • 3 homes sold between $150,000 and $160,000
  • 1 home sold for $222,000
  • 1 home sold for $297,500 (one of my favorite listings)
  • 1 home sold for $387,000 (noted above)

37 properties went pending this week including a couple of homes that have been on the market for a long time. And the inventory of houses near IU is very low, so buyers will need to move quickly to secure the property they want in this area.