Friday, February 6, 2009

The Weekly Report for the week ending February 6th





Sixteen new listings went on the market this week. Six of these listings are for unimproved land ranging from a 5.9 acres parcel in Spencer for $29,900 to a 7.4 acres parcel in Bloomington's south side for $79,900. The ten new residential homes on the market range from a condo at Eagle Point for $79,900 up to a 4 bedroom home in Park Ridge East listed for $185,500 (the highest priced new listing of the week).


Seven properties closed this week: one commercial land listing for $50,000; one condo sale of $99,900 in Stoneview; and five residential single family homes. These five homes range in sales price from a 3 bedroom/1 bath 'fixer-upper' estate sale for $74,900 located near downtown up to a unique log home on 2 acres with 2 bedrooms/3 baths selling for $239,900 and located on the east side. The sales of the 5 single family have an average sales price of $173,907 which is just slightly above the average sales price of a home in Bloomington durring 2008 and 2007.

Don't forget to check the posting from last month with figures comparing 2008 to the previous three years.

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