Friday, May 1, 2009

Market Update for the Week Ending May 1st

The number of closings were significantly up this week, an outcome of a very busy season of showing houses during March. Here are the basic numbers for the week:
  • 59 Sales
  • 69 New Listings

Starting out with the week's closings, here's the breakdown:

  • 8 Condos/PUDs
  • 5 Commercial Listings
  • 46 Single Family Homes

The lowest priced home to sell this week was on Orris Drive in the city of Bloomington and closed for $19,000. This home was sold as a fixer-upper and has had a blue tarp over the roof for quite a while...The high seller of the week was a 5800+ square foot home on over 15 acres in northwestern Monroe County which sold for $450,000.

Here's the price breakdown for the single family home sales:

  • 9 home sales under $100,000
  • 16 home sales between $100,000 and $150,000
  • 10 home sales between $150,000 and $200,000
  • 5 home sales between $200,000 and $250,000
  • 2 home sales between $250,000 and $300,000
  • 1 home sale in the $300,000's
  • 1 home sale in the $400,000's (noted above)

For the week's new single family home listings, here is the price breakdown:

  • 11 homes priced under $100,000
  • 19 homes priced between $100,000 and $150,000
  • 9 homes priced between $150,000 and $200,000
  • 4 homes priced between $200,000 and $250,000
  • 6 homes priced between $250,000 and $300,000
  • 2 homes priced in the $300,000's
  • 1 home priced in the $400,000's
  • 1 home priced in the $500,000's
  • 1 home priced in the $600,000's
  • 1 home priced at $1,299,000

The million dollar listing of the week is a new construction home being built in Gramercy Park on Bloomington's north side. It will have 5 bedrooms and 4 full baths with a total of 5656 square feet of finished living space.