Market Conditions in Granger>Question Details

Kal, Home Buyer in Granger, IN

what is the average percent paid for homes sold in Covington shores, and fox chase - on the water?

Asked by Kal, Granger, IN Sat Apr 19, 2008

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Nick Molnar’s answer
It's actually about 92% for Covington Shores on the water this year, though that's a dangerous metric on which to base decisions. You can read my full answer, along with details of the four sales in Covington Shores including address, original list price, sales price and list price at the time of sale on the South Bend Area Blog at:
http://www.realst8.com/blog/uncategorized/sales-price-as-a-p…
Web Reference: http://www.realst8.com/blog
0 votes Thank Flag Link Fri May 16, 2008
Hi Kal,
In the last two years there have been 28 homes sold on the water in Covington Shores and Fox Chase. Of those properties, the average sales price has been 96% of the listing price. The lowest sales price in that time was 86% of list price.

Year to date there have only been 4 homes sold on the water. The average sales percentage of these four is also 96%, with the lowest being 92% (Average home price was $523,325) Currently there are 9 homes for sale between $429,000 and $695,000. Only three of the nine have reduced price so far.

These average sales percentages are quite close to the county average which typically fluctuates around 97% of listing prices. I hope this is helpful.
0 votes Thank Flag Link Thu May 8, 2008
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