Real Estate update for the week of February 13th - 19th

Blue skies and warming temperatures brought out the buyers in Bloomington. Sales and accepted offers were up this past week.  Here are the numbers:

• 114 new listings
• 51 listings had accepted offers/sales contracts
• 28 listings sold

The highest priced listing that received an accepted offer this week was a limestone house in Elm Heights that was listed at $379,900. This home has been on the market since last spring and needs significant updates, but the location is superb.

The high selling house of the week was located just outside Ellettsville and sold for $276,200.  This elegant two story home was listed for $290,000 and offered five bedrooms and four full baths. Listed since last July, this home started at $325,000.  The best values can often be found in the Ellettsville area, though they can take quite a long time to sell.

Have a great week!

Weekly update for the Bloomington Real Estate Market

While I was cruising through the Caribbean Sea this past week, a great deal of activity was taking place in Bloomington.  Here are the week's numbers:

• 102 new listings on the market
• 37 listings had price changes/reductions
• 43 listings received accepted offers
• 17 listings sold

The high price sale of the week was in Sutton Place on Derby Drive. This home was listed at $319,000 and sold for $300,000.  This home was on the market for 118 days before it had an accepted offer.

The highest priced listing of the week is in Gentry East. This home is priced at $449,900 and has four bedrooms, three full baths and just over 3700 finished square feet.  Plus there is an additional 700+ square feet of unfinished space in the basement.

It was a great week sailing in the Caribbean, but it's great to be back in Bloomington!

This past week's numbers for Bloomington

As we wrap up the month of January, the real estate market continues to be very active.  Mild weather, great interest rates and a good inventory of homes is creating a healthy environment. 

There were fewer new listings this week caused by the fact that some many home owners focused on getting their houses on the market bright and early this month.

Here are the week's numbers:

• 80 new listings (there were 29 properties withdrawn, so we're most likely looking at 51 +/- actual new listings
• 30 properties sold
• 31 properties received accepted offers
• 42 properties had price reductions.  (many of these will be home owners who are trying to make their house more appealing to buyers with the new year...a good idea.)

The high selling house of the week sold for $270,000. This house in Hyde Park was listed for $300,000.

Market update for the past week of Bloomington's real estate industry

It's been a busy week in Bloomington and the surrounding area. Even with icy conditions buyers were ready to make a move.  And more and more homes keep coming on the market which makes the shopping great fun!

Indiana as a whole is seeing appreciation again in many areas, which will bring even better conditions to Bloomington.

Here are this past week's numbers:

• 100 new listings
• 26 withdrawn listings (like last week, most of these homes will have been pulled out of the MLS system and re-entered with a new MLS number.  All MLS numbers in this market start with the year they are entered into the system, so all new listings will be eight digits starting with 2012.  And having a new MLS number will make the listing appear as if it is fresh on the market)
• 45 price changes (almost all, if not all, will be price reductions)
• 16 homes sold
• 61 homes went pending (this is a phenomenal number for this time of year!)

This time of year we are seeing a lot of local home owners making a move and trying to beat the rush of those buyers coming from out of the area with spring job offers.  The fact that people are making moves for more space or to a different neighborhood is a great sign of the confidence that Bloomingtonians have in our local economy.

Stay warm!

What happened this week in Bloomington's real esate market?

The real estate market here in Bloomington is in full bloom.  Here are some of the numbers for this week's activity in Bloomington and the surrounding areas:

1. 120 new listings!
2. 55 listings had price changes (reductions is a more accurate term)
3. 38 listings were withdrawn (most of these withdrawn listings will have been pulled from the MLS system by the listing agent and then re-entered so that the listing has the current year's MLS number...good marketing)
4. 23 properties sold
5. 29 properties went pending

All this is great news for Bloomington.  Since the norm in this market is for it to take about 30 days for a house sale to close from the time an offer is accepted, these numbers show that 30+/- contracts were written and accepted in this area during the middle of December which is a typically quiet month for real estate.


And new listings are coming on the market every day.  Keep checking back for more information or click the like button at on my facebook business page and follow all the trends in this market.

Three major metro areas in Indiana are marked as Improving Housing Markets.

The National Association of Home Builders has added 35 new metro areas to their list of 'Improving Housing Markets'. Three of those cities are in Indiana: Elkhart, Lafeyette and Indianapolis. The complete list of 76 cites are in only 31 states and the District of Columbia.

Though Bloomington is too small to be in the radar screen for this type of data, it is a great sign that our neighboring communities are starting to be noticed for healthy recovery.  The criteria that was used to compile the list: number of housing permits, home prices and employment monitored over six months.

2011 Market Report for Bloomington Indiana Sales 2011

Overall, the sales market in Bloomington continued to be strong during the 2011 calendar year. Here are some number based on sales of homes in Bloomington:

• Total homes sold: 897
• Average days on the market: 89
• Top selling priced bracket: $120,000 to $139,999
• Second top selling price bracket: $140,000 to $159,999
• The greatest number of homes sold in 30 days or less

How does that compare to 2010?  Here are the 2010 numbers:

• Total homes sold: 861
• Average days on the market: 74
• Top selling price bracket: Same as 2011
• The greatest number of homes sold in under 30 days as well.

Jumping back to the hot real estate market of 2007, here are the number:

• Total homes sold: 1240
• Average days on the market: 112
• Top selling price bracket: same as both 2010 and 2012
• The greatest number of homes sold in 31 to 60 days on the market.