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New Market Update 10/14/2016

Northwest Indiana Real Estate Market Update!

 

Hello, My name is Brent Wright. Now I know all of you here how the Real Estate market is doing rather well, as well as homes are selling for top dollar and in some cases in just┬ádays. Well I’m here just to make everything clear for you and IT IS. Now if you don’t know me, I am totally a numbers kind of guy. #’s are the 1 thing that never lie. 1 is 1 and 2 is 2, there is no stopping that.

Ok, I’ll stop boring you. So in Northwest Indiana I want to give you some rough numbers of what has happened from January 1st to Sept 30th 2015 vs 2016.

So in 2015 There were 7701 Residential properties sold in all of Northwest Indiana for an average price of $160,923 at 1,933 sqft.

Now in 2016 there have been 8,368 Residential properties sold in the same time with a sales price of $168,663 at an average of 1951 Square feet.

Just to give you an idea that is an 8% increase in houses sold and a 4.1% increase in price per foot. Now this includes Single family homes, condos, townhouses, foreclosures and etc. There are so many homes that aren’t listed in the MLS because of New construction purposes, so these #’s only reflect what is in the MLS directly. So to answer your question if the Real Estate market is doing well, it’s not, IT’S ON FIRE!

Another thing that helps with this is the fact that interest rates are about FREE. When I first purchased my home I received what was a FANTASTIC interest rate at the low, low price of 7.8% with great credit. TODAY They’re well under 4%.

On this site you can search homes for sale all over Northwest Indiana with direct access to the MLS.

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About Brent Wright

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Brent Wright

Realtor

brentwright@mccolly.com

219-706-2998219-706-2998 main

Brent W. Wright McColly Real Estate

Serving Northwest Indiana! Beverly Shores IN, Burns Harbor IN, Cedar Lake IN, Chesterton IN, Crown Point IN, DeMotte IN, Dune Acres IN, Dyer IN, East Chicago IN, Gary IN, Griffith IN, Hammond IN, Hebron IN, Highland IN, Hobart IN, Kouts IN, Lake Station IN, Long Beach IN, Lowell IN, Merrillville IN, Munster IN, Ogden Dunes IN, Portage IN, Porter IN, Schererville IN, Saint John IN, Valparaiso IN, Wanatah IN, Westville IN, Whiting IN, Winfield IN

Reviews

5user8784985

Brent has stuck by my side through the whole process. If I want to see a house, immediately he sets up a time and we are looking at the house. You can always get ahold of him. He is very knowledgeable too!

5TeresaTaytumm

Brent is an amazing person, He helps in any way he can to his fullest! He isn't just doing his job, he goes above and beyond. With any question given, he has an answer every time and even if he did not know the answer, he would do whatever research needed so... (more)

5chris reed28

Brent is very hardworking. Best realestate agent to have. He showed me tons of homes in my price range and offered his expert opinion and background of the neighborhoods we were in.

Review Brent Wright on Zillow.com

Lender

Chuck Dayton

5

( 13 reviews )

(219) 763 3376 x4207

Lender Website