Weekly Report for the Week Ending March 13th

As of 8:00am this morning, international stock markets are up significantly which is a positive sign for the global economy...according to Ann Curry. As for the local scene, the real estate market is enjoying a spring burst of activity. For example, listings marketed by Re/max Acclaimed had 135 showings over last weekend. That is a positive sign that buyers are ready to take advantage of the great interest rates and the good inventory on hand.

Now for the week's numbers:

• 78 new listings came on the market
• 28 listings sold
• 43 listings had price reductions (now is the time for sellers to put their properties at the front of the pack)

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

• 7 condos/PUDs
• 8 land listings
• 63 single family homes

The condos range in value from $69,900 to 229,900 with both the high and the low being at Eagle Point.

New single family home listings range in price from $40,000 for an adapted mobile home on over an acre in Poland, IN, to $670,000 for a nine acre horse farm with a four bedroom/three bath home and pool. Here's the price breakdown for these 63 new single family home listings:

• 11 priced under $100,000
• 12 priced from $100,000 to $150,000
• 16 priced form $150,000 to $200,000
• 4 priced from $200,000 to $250,000
• 5 priced from $250,000 to $300,000
• 5 priced from $300,000 to $400,000
• 2 priced from $400,000 t0 $450,000
• 1 priced from $650,000 to $700,000

Now for the 28 sales from this week, here are the numbers:

• 8 condo/PUDs
• 18 single family homes
• 1 land listing
• 1 commercial listings

Three of the condo sales were at auction, each selling for $64,000. The high seller was a two bedroom/two bath condo at Peppergrass on the south side selling for $124,900.

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

• 10 sales under $100,000
• 1 sale between $100,000 and $150,000
• 4 sales between $150,000 and $200,000
• 2 sales between $200,000 and $250,000
• 1 sale between $250,000 and $300,000

That's the wrap-up for the week. If there is any additional information that you would like included, just let us know by emailing matthewcole@remax.net