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Commentary Provided byMary Ann Alberson and Debbie Rasala If you can qualify, now is an exceptional time to buy a home in Crown Point. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 219-765-9534 and ask us about the $8,000 tax credit the federal government is offering to first-time home buyers! |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Chicago | ||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||
| Average Time on Market | More than 120 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $150,000 - View Graph Trend | ||
| Best Selling Price Range | $100,000 - $149,000 | ||
| Worst Selling Price Range | $350,000 - $399,000 | ||
| Compared to Last Year | Down 5-10% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | No | ||
| Multiple Offers Commentary | Some sellers are getting multiple offers, usually if the property is priced excellent and realistic and if the home is in the $100,000 to $150,000 range. | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Crown Point is | Increasing | ||
| Seller Activity for the past 90 days in Crown Point is | Increasing | ||
| Is Financing Available For Qualified Buyers in Crown Point? | Yes | ||
| Comments on Financing For Qualified Buyers | Plus, for first-time home buyers there is that $8,000 tax credit incentive from the federal government if you close before December 1, 2009. Hopefully it will be extended into April of 2010. We will know shortly if that is extended by the government. | ||
| Existing Home Prices for the past 90 days are | Decreasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | Most cities within the Lake County area are considered 'Housing Hotspots' | ||
| Reason to Buy/Sell | Population Growth | ||
| Average Sold Price | $150,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Mary Ann Alberson and Debbie Rasala
CENTURY 21 Alliance Group Valparaiso, Indiana 219-765-9534 maryann@21alliance.com Agent Home Page 
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Crown Point Local News
News for Crown Point, IN - Tuesday November 3rd, 2009 6:58pm
Well it is officially Autumn and we have turned back the clocks. Real estate is selling in Crown Point, especially the homes in the $100,000 to $200,000 range. It has been a busy fall season, and actually August was one of our best months. November is still seeing a steady pool of buyers out there looking and purchasing homes. The first-time home buyer credit of $8,000 that is set to expire November 30, 2009, is hopefully going to be extended to April of 2010. We are waiting for the government's approval of this extension. We should know soon if this credit will be extended.
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