Sunday, April 5, 2009

Market Report for the Week Ending April 3rd

It's been another busy week here in the Bloomington area. In addition to Bloomington South winning the State Championships, the market has been quite strong. Here are the numbers:
  • 85 New listings
  • 22 Sales/closings
  • 41 properties went pending

As for the new listings, here's the break down:

  • 26 Condos/PUDs
  • 7 Land listings
  • 2 Commercial listings
  • 50 Single family homes

The single family homes new to the market range in list price from $55,500 for a 1930's bungalow in Columbus to a $2,950,000 estate on Bloomington's East Side consisting of over 10 acres and 9200 square foot house. The majority of new listings are priced from $100,000 to $200,000 with only 5 listings priced over $400,000.

As for the week's sales, all were single family homes except one land and one commercial listing. Here are the numbers:

  • 4 sold for under $100,000
  • 5 sold from $100,000 to $150,000
  • 6 sold from $150,000 to $200,000
  • 2 sold from $200,000 to $250,000
  • 1 sold for $298,000
  • 1 sold for $415,000
  • 1 sold for $491,076 (interesting price)

As for the newly pending properties, many were in the higher price range from the $300's to the $500's.

Interest rates ended the week still below 5% with many lenders so the spring market is looking strong for Bloomington for both buyers and sellers.