Current market conditions fall 2017

Current market condition in Tippecanoe County are extremely odd at the moment. I used to be able to say that the market is good or the market is bad. This market is very segmented. Below 100,000 is still extremely hot and location is not really a factor, believe it or not. I have never sold so many houses in north Lafayette and all of them were owner occupied which will be a real boon to that part of town. Under 150,000 in a good area is still extremely hot. That’s great for seller’s and really hard on buyers. I’d say that between 150,000 and 250,000 is a stable market. From there on, the higher you go, the worse it gets. There are way too many houses on the market in the upper end and hardly any buyers. No matter what price point you are at, proper pre-market preparation is absolutely critical. The house pictured below is a fantastic example. We discovered that there were hardwood floors under the carpet, so we recommended that the sellers rip up all the older carpet. Then we recommended removing the dark paneling in the family room, painting all interior walls and trim and changing out a few light fixtures. Once all the work was done, we staged the home to look like a model home and we sold it in six days! Call Team Howlett if you have any real estate needs! 765-414-6531.

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