MARKET UPDATE LaPorte County For Multi Family Residential Property September, 2009 In September, local real estate activity was seasonally active. There are currently 52 multi-family properties on the market. They are broken down as follows: Beach area - 2 Michigan City area - 22 La Porte area - 24 Rolling Prairie/New Carlisle area - 1 County area - 3 In September, 1 multi-family property closed, or 1.9% of current properties that were available as follows: Beach area - 0 (YTD 1) Michigan City area –0 (YTD 8) La Porte area - 1 (YTD 8) Rolling Prairie/New Carlisle area – 0 (YTD 0) County area - 0 (YTD 0) Interest rates have slightly declined during the last month and are just under 5.2%. The overall number of sales for all properties for 2009 compared to 2008 is down 16.4 and overall dollar volume is down 29.6%. There is currently a 56 month supply of multi-unit properties on the market. MARKET UPDATE LaPorte County For Multi Family Residential Property October, 2009 In October, local real estate activity was seasonally active. There are currently 50 multi-family properties on the market. They are broken down as follows: Beach area - 2 Michigan City area - 21 La Porte area - 23 Rolling Prairie/New Carlisle area - 1 County area - 3 In October, 4 multi-family property closed, or 8% of current properties that were available as follows: Beach area - 0 (YTD 1) Michigan City area –4 (YTD 12) La Porte area - 0 (YTD 8) Rolling Prairie/New Carlisle area – 0 (YTD 0) County area - 0 (YTD 0) Interest rates have stabilized during the last month and are just under 5.3%. The overall number of sales for all properties for 2009 compared to 2008 is down 14.53% and overall dollar volume is down 30.12% There is currently a 12.56 month supply of multi-unit properties on the market. MARKET UPDATE LaPorte County For Multi-Family Residential Property November, 2009 In November, local real estate activity was seasonally active. There are currently 45 multi-family properties on the market. They are broken down as follows: Beach area - 2 Michigan City area - 16 La Porte area - 23 Rolling Prairie/New Carlisle area - 0 County area - 4 In November, 3 multi-family property closed, or 6% of current properties that were available as follows: Beach area - 0 (YTD 1) Michigan City area –1 (YTD 13) La Porte area - 2 (YTD 10) Rolling Prairie/New Carlisle area – 0 (YTD 0) County area - 0 (YTD 0) Interest rates remained stable during the last month and are just under 5.2%. The overall number of sales for all properties for 2009 compared to 2008 is down 9.12% and overall dollar volume is down 26.44% There is currently a 15 month supply of multi-unit properties on the market. MARKET UPDATE LaPorte County For Multi-Family Residential Property December, 2009 In December, local real estate activity was seasonally active. There are currently 38 multi-family properties on the market. They are broken down as follows: Beach area - 3 Michigan City area - 14 La Porte area - 20 Rolling Prairie/New Carlisle area - 0 County area - 3 In December, 2 multi-family property closed, or 5.26% of current properties that were available as follows: Beach area - 0 (YTD 1) Michigan City area –0 (YTD 13) La Porte area - 2 (YTD 12) Rolling Prairie/New Carlisle area – 0 (YTD 0) County area - 0 (YTD 0) Interest rates slightly inclined during the last month and are just under 5.4%. The overall number of sales for all properties for 2009 compared to 2008 is down 8% and overall dollar volume is down 24.3% There is currently a 19 month supply of multi-unit properties on the market. |