Here are the numbers for this week in Bloomington/Monroe County as per the Bloomington Board of Realtors MLS:
10 new listings, two are land/lots and 8 are residential listings priced from $98,900 for a 4 bedroom bi-level in Ellettsville to a $699,000 two story home with 5354 square feet on the far north side of Bloomington. The median list price this week is $230,954.
Two properties closed this week, both single family homes: a two story home with 1844 square feet on the west side selling for $189,900 and a two story home with 2608 square feet in Ellettsville for $269,900. Both homes sold for just over $100 per square foot which is just above the average for 2008.
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ReplyDeleteGreetings Bloomington! I had the privilege of working with Matthew in the Raleigh, NC market for 5 years so let me start by congratulating Bloomington for having one of the best Realtors in the business. Matthew is a dedicated Realtor who always looks out for the best needs of his clients. Purchasing a home is a life changing endeavor and Matthew always took it to heart to make sure every client got that perfect home. His clients also enjoyed above average appreciation as Matthew seemed to have a knack for spotting great neighborhoods.
But even with a great Realtor, the world isn’t all sunshine and butterflies.
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The national real estate market has taken a whipping and deserved every bit of it. We all saw it coming. When that part time grocery store bagger was giving advice on “flipping” houses, we knew it was time to go into safe mode. The foreclosure mess will not be cleaned overnight with there is plenty of blame to go around, including the homeowner. Homeownership comes with huge responsibility for you, your economy and your planet.
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Homeownership is a privilege, not a right. Homeownership has 100’s of advantages, appreciation will not always be one of them. Do not buy a house that you cannot afford. Opt for the home with the shorter commute. If you are buying an older home, you need to set aside funds to make your home more energy efficient. A smart open 2000 sq ft floor plan can live bigger than a 3000 sq ft home. There is nothing sexy about wasteful spending and over consumption. Do your part.
That’s all. Matthew, are you looking for that “delete” button?