The Southwest Allen county residential Real Estate market in 2012 has continued to be one of the stronger markets within the greater Fort Wayne area. This study includes single family homes/common interest detached (villas)/common interest attached (condos) site built homes located within Aboite and Lafayette townships that were sold in the first half of 2012 with data from 2011 for comparison purposes.
The number of homes sold during the first half of 2012 was exactly the same number sold during the last half of 2011 at 357. Holding on to a 32% gain from the 1st half of 2011. The number of days to sell a home also held steady at 79 days. A 13% improvement from this same time a year ago.
The Average sales price for 2012 of $217,632 is a 7% gain from this same time last year and a 3% increase from the last half of 2011 while the Median sales price increased 8% to $175,000 compared to this same time last year. The Southwest Allen county average and median sales prices are at their highest levels in the last ten years, beating the height of the market in 2006 by 7%
There are currently 299 active properties for sale in Southwest Allen county with an Average list price of $247,138 and a Median list price of $189,800. I anticipate demand to remain strong going forward if record low interest rates continue. 5 months of current inventory indicates a fairly balanced market that slightly favors sellers.
Southwest Allen county is served by the Southwest Allen county school system which is made up of Homestead High school, 2 Middle schools Summit Middle school, Woodside Middle school and 6 elementary schools Aboite Elementary, Covington Elementary, Deer Ridge Elementary, Haverhill Elementary, Lafayette Meadows elementary, Whispering Meadows elementary and an alternative school
Contact me for a free market analysis if you are interested in buying or selling a home in the Southwest Allen county area. Don't buy or sell a home in Southwest Allen County without contacting me first for the most up to date market information. I look forward to the opportunity of earning your business.