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Market Trends
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 and the $6,500 tax credit for current homebuyers purchasing another home! |
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| Report Date | Winter 2010 | ||
| 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 have a contract accepted by April 30, 2010 and close before June 30, 2010.There is also a $6,500 tax credit available to current homebuyers whom have lived in their current homes for five consecutive years out of eight and are purchasing another home. Please contact us for more info on this tax credit! | ||
| 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 Winter and the start of a brand new year! Real estate is selling in Crown Point, especially the homes in the $100,000 to $200,000 range. The last quarter of 2009 was a very busy one! December was a little slower due to all of the holiday parties and the snowy weather that slows down the buyers searching for homes. However, there are still many buyers out there purchasing homes. The first-time home buyer credit of $8,000 that was set to expire November 30, 2009, has been extended to April of 2010! You need to have a contract accepted by April 30, 21010, and close by June 30, 2010. The government also added a $6,500 tax credit to existing homeowners that have owned their homes for the last five of eight years and are purchasing a different home. Please call us with any questions you have regarding these tax credits! It is the BEST time to BUY A HOME!! Interest rates are still at their lowerst rates in 40 years and along with the tax credits makes this the best time to buy a home, we may never see a better time to buy than now!
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