THE BLOG at Michiana Homes and Land

July 8, 2020

Best Time to Sell? When Competition Is at an All-Time Low

 

Best Time to Sell? When Competition Is at an All-Time Low | MyKCM

In a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won’t sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are “seriously worried.” That concern seems reasonable considering the current condition of the economy. The data, however, is showing that home purchasers are still very active despite the disruptions American families have experienced this year.

The latest Existing Home Sales Report published by the National Association of Realtors (NAR) revealed that 340,000 single-family homes sold in this country last month. NAR’s most recent Pending Sales Report (homes going into contract) surpassed last month’s number by over 44%, which far exceeded analysts’ projections of 15%. ShowingTime reported that appointments to see homes (both virtually and in-person) have increased in every region of the country and are up 21.4% nationwide over the same time last year.

While buyer activity is surging, the number of listings has fallen to an all-time low. Zelman Associates, in their latest residential real estate report, revealed that housing inventory as a percentage of households has fallen to 1.2%, which is half of the long-term average and lower than any other time in our history.

Bidding Wars Heating Up Again

With buyer demand growing and the supply of available homes shrinking, purchasers are again finding themselves needing to outbid other buyers. NAR, in a recent blog post, revealed:

“On average, there were about three offers on a home that closed in May, up from just about two in April 2020 and in May 2019 (2.3 offers).”

Bidding wars guarantee houses sell quickly at a price near or even slightly over the listing price.

Bottom Line

If you’re thinking of selling, don’t be concerned about putting your house on the market right now. There’s no better time to sell an item than when demand for it is high and supply is low. It is exactly at that time when you will negotiate your best possible deal.

Posted in Selling Your Home
June 26, 2020

Build Your Dream Home on Eagle Lake!

Don't let this opportunity pass you by! This is one of the last lots on all sport Eagle Lake in Edwardsburg, MI. Enjoy waterskiing, boating, fishing, and more! 2 hour drive to Chicago, 20 minutes to Elkhart, 30 minutes to South Bend. Build your dream home on a beautiful waterfront lot surround by water on 2 sides. This lot will not require a special foundation as soils are stable and will handle conventional building. Seller had professional soil scientist report (available on request). This is a MAJOR savings in building your new home. Island Dr, Edwardsburg, MI

Posted in Listing Updates
Dec. 12, 2016

New Listings - December

NEW LISTINGS

10441 Cricket Sound, Granger, IN 46530

 

248 Murray Street, South Bend, IN 46637

51921 Primrose Road, South Bend, IN 46628

 

PRICE REDUCTIONS

222 N Hawthorne Drive, South Bend, IN 46614

 

604 Manchester Drive, South Bend, IN 46615

To see information on all of our listings, click here.

Feel free to contact us with any questions - Tim@TimMurray.com; (574) 286-3944!

Thank you,

The Tim Murray Team

Sept. 28, 2016

Spooktacular

Join us Thursday, October 27th from 6-8pm for our annual Halloween Spooktacular! Bring the family and trick or treat with our agents & vendors around the office. Fun, great food, and goodies!!

Posted in All Posts
Sept. 14, 2016

New Listings - September

Check out these great homes!

NEW LISTINGS

51264 Elm Rd., Granger, IN 46530

 

  • Beautiful Ranch offers 3 bedrooms, 2 bathrooms
  • Hardwood flooring, fireplace, vaulted ceilings
  • Master Suite with vaulted ceiling, large walk-in closet, full bath with double sinks
  • Large backyard with deck - great for entertaining!
  • Right by the Harris Library and Granger Paths sidewalks
  • 1.47 acre lot - restrictions allow for a second detached garage to be built

71222 Kestrel Drive, Niles, MI 49120

  • Incredible 2-story offers over 4,000 SF
  • 5 bedrooms, 4 bathrooms with finished walk-out basement
  • Great Room features fireplace, hickory flooring, and lovely open floorplan
  • Kitchen features granite countertops, center island with sink, stainless appliances
  • Main-level laundry with built-in cubbies/cabinets and ceramic tile flooring
  • Sun Room with access to maintenance-free Fiberon deck
  • Basement has large Rec Room with wet bar, bathroom, and bedroom

16226 Fox Cross Drive, Granger, IN 46530

  • Located in a peaceful Knollwood neighborhood on 16th hole of golf course
  • Classic Ranch offers 3 bedrooms, 2.5 bathrooms plus a versatile den
  • Located near Granger Paths and popular shopping/dining venues
  • Kitchen with hardwood flooring, tile backsplash, bar area
  • Master Suite with large walk-in closet and updated bath
  • New carpet in living rooms, 2 bedrooms, and bathroom
  • Large backyard is fully fenced and landscaped with deck/patio with benches/firepit
  • Two-car, side-loading attached garage

PRICE REDUCTIONS

2548 Emerson Forest Parkway, South Bend, IN 46614

2512 Running Deer Drive Unit 30 & 2615 Running Deer Drive Unit 26, South Bend, IN 46614

   

To see information on all of our listings, click here.

Feel free to contact us with any questions - Tim@TimMurray.com; (574) 286-3944!

Thank you,

The Tim Murray Team

Aug. 30, 2016

August Review + September Preview

Summer 2016 was very busy for us here at The Tim Murray Team - we saw a lot of great listings and a lot of great clients! Also, Tim was honored by The Wall Street Journal

In June, July, and August, we closed on over 40 homes/lots! Here are a few of our listings that sold:

  

  

We still have many homes and lots still listed, including villas and newly constructed homes! To see a full list of active listings, check out this page.

Now Listed:

   

  

We also have 9 new lots in Reverewood - check out Reverewood.com - and lots available in Portage Woods - see Portagewoods.com.

Questions/comments/concerns/etc., call Tim at (574) 286-3944!

Thanks for reading and be sure to check back for updates on listings, price reductions, and open houses! 

Have a great day,

The Tim Murray Team

 
Feb. 22, 2016

Fox Chase - Granger Indiana

Fox Chase Market Report

or Create your own market report

Active Properties
AddressBedsBathsLiving ft2List PriceCost per ft2DOM
14335 Fox Chase Ct. 4 4.0 4,590 $399,900 $87 41 days
Average: 4.0 4.0 4,590 $399,900 $87 42 days
Showing 1 of 1 result
Showing 1 of 1 result
Properties Under Contract
AddressBedsBathsLiving ft2List PriceCost per ft2DOM
14268 Fox Chase Ct 4 3.0 5,096 $349,900 $68 68 days
Average: 4.0 3.0 5,096 $349,900 $68 69 days
 

 

Sold Properties
AddressBedsBathsLiving ft2List PriceSold PriceCost per ft2DOMSold Date
50642 Brookhaven 5 7.0 7,277 $600,000 $557,500 $82 160 days 12/9/14
13979 Hearthside Ct 4 4.0 5,400 $549,000 $515,000 $101 189 days 1/8/16
13988 Hearthside Dr Drive 5 3.0 4,888 $485,000 $486,500 $99 29 days 3/27/15
13906 Hearthside Dr. 5 5.0 5,690 $449,000 $425,000 $78 160 days 12/17/15
50603 Chestnut 4 4.0 5,000 $429,000 $422,500 $85 48 days 5/21/15
50613 Brookhaven Drive 5 3.0 4,690 $424,900 $390,000 $90 113 days 9/14/15
50631 Glenshire Court 5 4.0 4,886 $379,900 $371,000 $77 56 days 11/13/15
50558 Hollybrook Drive 4 4.0 4,481 $369,900 $366,000 $82 35 days 9/9/15
50619 Lakeside 4 3.0 3,987 $319,900 $315,000 $80 60 days 6/15/15
50874 Tebay 4 3.0 4,219 $324,900 $309,900 $77 91 days 10/6/14
14012 Fox Chase Drive 4 3.0 3,420 $269,000 $264,000 $78 447 days 8/28/15
Average: 4.5 3.9 4,903 $418,227 $402,036 $84 126 days  
 

 

  

Nov. 11, 2015

Open House Sunday, November 15th!

Join us for an open house this Sunday, November 15th from 2-4pm.

Open House Location: 65434 Miami Road, Bremen, IN 46506

   

   

Special Features Include: In-Ground Swimming Pool, Sauna, Huge Custom Pole Barn (partially heated), situated on 26 acres of private land, Hiking/Biking Trails, Hardwood Flooring, Remodeled Kitchen with Granite Counters, Stainless Steel Appliances, and so much more!

Sept. 23, 2015

Open House This Weekend!

Sunday, September 27th 2015

2:00pm - 4:00pm

Crescent Oaks Neighborhood, Lots 38 & 45

Two beautiful, newly constructed single family homes in South Bend's Crescent Oaks neighborhood. These homes are connected to City Water & Sewer and are a part of the Penn-Harris-Madison (PHM) School District. There is also a 5 year tax abatement on these properties. Don't wait to come see these gorgeous homes!

 

2424 Basin Street, Lot 38, South Bend, IN 46614

 

2413 Basin Street, Lot 45, South Bend, IN 46614

July 21, 2015

Price Reduction - Sprawling Country Estate!

20740 Pierce Road, Lakeville, IN 46536

NOW $329,900

 

Country Living does not get much better than this. Easy Access to US 31 and you can be downtown South Bend before you know it. Don't Miss this amazing Home located on 5.5 Acres, Featuring 3 Large Out Buildings one with Gas and Electric. Many Updates-including a Roof in 2014. First Floor featuring a Formal Living and Dining Room, a Spacious Eat-in Kitchen which overlooks the family room and has access to the Large 20 x 18 Four Season Sun Room. Upstairs Featuring Master Bedroom with a Walk-in Closet and a Master Bathroom. 3 Other Nice Sized Bedrooms and a Full Bathroom. Finished Basement with a Kitchenette. Large Sprawling Patio located off the Sunroom-Great for Entertaining or relaxing and enjoying your private setting. Hot Tub is included. Enjoy living in this Park Like Setting! Whole House Automatic Generator is Included! (Out Buidling Information-1) Rv Storage-30' x 48' x 16' High -5" Concrete Flooring; 2) Shop-48' x 50' x 10h-24' x 24' of this building is Heated. 3) 12' x 30' x 8')

 

    

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