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Valparaiso, Indiana is in a Seller's Market Spring 2017

Posted by Shawn Spaw on Sunday, March 5th, 2017 at 3:44pm.

This is my 11th year in real estate and I have never seen such a great start to the spring season.  We never really slowed down that much this past winter, and that should have been a clue of what was to come.  Last week we had 4 new listings come on the market on Thursday and all but one is under contract.  The sweet spot is between $125,000 and $250,000, but we are now seeing some movement on the $500,000 plus market, which has been weaker in the past.  I think the pent up demand and low rates are fueling the market right now and I expect it to stay strong throughout the year.

We are seeing a lot of people coming from Illinois to find lower taxes and to escape the higher prices for a similar home in the western suburbs.  We are also seeing a lot of people who are finally putting their home on the market because it is so strong for sellers.  I don't know if there has ever been a better time to sell in Valparaiso since I became a Realtor back in 2006.  It is a fun time to be working with sellers because we are always delivering good news when we talk about the current market conditions and the value of their home.  When I call them 24 or 48 hours after listing the home with a full price offer, it is just about the best thing. 

 

 

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