Real Estate News. University Farm, West Lafayette IN

UNIVERSITY FARM: LOW INVENTORY

In the last 12 months, 19 houses have sold in the University Farm market area.

As of Dec 20, 2013, 19 homes sold in the University Farm market area over the last 12 months based upon statistics from the Lafayette Board of Realtors. Team Howlett, Meg & Eric,  Realtors with Coldwell Banker Shook, contributed 3 (or 15.7%). Sold prices ranged from $133,000 to $393,000.  Average sold price was $257,000.

U Farms is a mature neighborhood.

University Farm continues to be a desired location to buy real estate.  As a newer, yet mature, sub-division with wonderful houses in the West Lafayette School District, U Farms is a choice location for many home buyers.

Only 3 Active Listings. 3 houses is a low inventory.  Since on average 1.58 houses sell per month, this equates to approximately 2 months of inventory.  Anything less than 4 months of inventory is low.  And, 2 out of the 3 actives have been on the market for a long time, which indicates that they may be overpriced for their features.

Average Days on Market was 18 Days.  With the low inventory and desirable houses, it is no wonder that homes for sale turn quickly (if they are priced correctly).  The  average market time for all of Tippecanoe County is 71 days. Having the house properly prepared and staged always helps reduce the time on market.

7 out of the 19 went pending in the Winter months of 2012 / 2013. We hear

Christmas Lights cheer up Winter Days by Eric Howlett

 

concerns from owners about putting their house on the market during the winter.  In last 12 months, approx 1/3 of the houses sold received an accepted offer in the winter months.  With low inventory and people looking to move into the area, it is a good time to sell.

Team Howlett: Helping You Buy or Sell Real Estate.  We Care. www.TeamHowlett.com

Providing Our Sellers with Free Staging, Innovative Marketing, and Detailed Support

We don’t just list your house.. we actively help you sell it!  Starting with pre-market preparation including FREE staging, we are with you the entire real estate process.  Team

Staging by Team Howlett

Howlett has the most innovative marketing program in the county with a house specific webpage, superior photos, HD video, google ads, open house campaigns, social media, print ads, etc. And finally, we monitor every step until closing.

Providing Our Buyers with Passionate Customer Care and Detailed Market Knowledge

We are here to help you find your new house..as long as it takes!  As your buyer agent, Meg loves working with clients to find their new home.  After getting to know you and your needs, Meg will look daily for any real estate that may fit your criteria.  We’ll show you as many houses as you would like and give you our honest opinion.    Then, we’ll help you all the way until you get the keys.  Please call 765-414-6531. We’d love to help!

Meg, Helping Clients Buy Homes in Lafayette / West Lafayette Indiana. Your local real estate agent.

Meg, 765-414-6531, mhowlett@shook.com  and                                                           Eric, 765-414-1795, ehowlett@shook.com

www.TeamHowlett.com

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