St. Joseph Housing Market Shows Continued Signs of Growth
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St. Joseph Housing Market Shows Continued Signs of Growth

31-percent increase in homes sold led by South Bend

SOUTH BEND, IN – May 29, 2012 – (RealEstateRama) — According to the latest housing data compiled by RE/MAX of Indiana, St. Joseph County’s real estate market continued to show strong growth during the first four months of the year. The number of homes sold from January through April 2012 increased by 24 percent with 781 homes compared to the same time last year with 629 homes.

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Broken out by city, South Bend had the most significant year-to-date increase in the number of homes sold, with 31 percent. Mishawaka residents saw the number of homes sold increase by 17 percent and Granger residents by 12 percent during January through April 2012 compared to the same time last year.

Housing data from RE/MAX of Indiana also shows the average price of homes sold in St. Joseph County remained flat from January through April at $102,414. Relatively low home prices may have contributed to the fact that home sales are moving more quickly on the market. The average number of days a home remained for sale dropped by nearly 15 percent to an average of 110 days.

 

Jan-Apr 2011 Homes Sold

Jan-Apr 2012 Homes Sold

% Change

Jan-Apr 2011

Avg Sold Price

Jan-Apr 2012

Avg Sold Price

% Change

Jan-Apr
2011

Days on Market

Jan-Apr
2012

Days on Market

%

Change

South Bend

358

470

31.28%

$75,565

$77,941

3.14%

126

110

-12.70%

Mishawaka

122

143

17.21%

$86,634

$85,670

-1.11%

121

111

-8.26%

Granger

89

100

12.36%

$232,129

$228,796

-1.44%

148

115

-22.30%

 

Saint Joseph

629

781

24.17%

$103,034

$102,414

-0.60%

129

110

-14.73%

Source: Data acquired by Greater South Bend/Mishawaka Assoc. of REALTORS®. Not all data may be represented.

CONTACTS:

Leslie Payne, RE/MAX of Indiana, Director of Communications
(p) 317.845.2005 x 209 (c) 317.370.3129 (e) lpayne (at) remax-indiana (dot) com

About RE/MAX of Indiana:
RE/MAX of Indiana is Hoosiers’ real estate market leader with $2.7 billion in annual sales, over 75 offices and nearly 1,200 sales associates. Founded in 1987, RE/MAX of Indiana helps growing families and businesses through its expertise in residential and commercial real estate, as well as relocation and referral services. Having sold 1.5 million homes in Indiana over the last five years, “nobody sells more real estate than RE/MAX.”

For more information, visit http://www.remax-indiana.com

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RE/MAX of Indiana is Hoosiers’ real estate market leader with $2.3 billion in annual sales, over 80 offices and nearly 1,200 sales associates. Founded in 1987, RE/MAX of Indiana helps growing families and businesses through its expertise in residential and commercial real estate, as well as relocation and referral services. Having sold 1.5 million homes in Indiana over the last five years, “nobody sells more real estate than RE/MAX.” Visit www.remax-indiana.com for more information, and follow us on Facebook at www.facebook.com/remaxofindiana and on Twitter at www.twitter.com/remaxofindiana.

Contact:

Phone: 317.845.2005

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