Weekly Update for the Week Ending March 20th

It's been a busy week for the Bloomington real estate market. Here are the numbers...

• 89 new listings
• 23 sales
• 33 homes went pending

Of the 89 new listings, here's how they break down:

• 8 condos/PUDs
• 1 multi family
• 27 land listings
• 9 commercial listings
• 44 single family homes

Of the 23 sales for the week, here's how they break down:

• 3 condo/PUDs
• 2 land listings
• 2 commercial listings
• 16 single family homes

The 16 single family homes ranged in sales price as follows (many selling at or very near the list price):

• $64,000 for the lowest priced home
• 7 homes sold for under $100,000
• 4 homes sold between $100,000 and $150,000
• 2 homes sold between $150,000 and $200,000
• 1 sold for $205,000 in Stonegate
• 1 sold for $372,000 in Indian Echo Hills
• 1 sold for 585,000 in Elm Heights

Of the 33 residential listings going pending, here's the price breakdown:

• 10 priced below $100,000
• 7 priced between $100,000 and $150,000
• 6 priced between $150,000 and $200,000
• 3 priced between $200,000 and $300,000
• 2 priced between $300,000 and $400,000
• 3 priced between $400,000 and $500,000

Interest rates are still looking really great today with many banks coming in at or below 5%! Look for information on the first-time home buyers tax credit in the directory of posting at the b-town Report. They are labeled under "stimulus package".