Lafayette Real Estate Market - February, 2018
If you're considering buying or selling real estate it's important to stay updated on current market trends. Here's a look at what sold in the Lafayette and West Lafayette real estate market in February.
Homes That Sold - In February there were 110 homes in Tippecanoe County that sold. The prices ranged from $16,000-$470,000. Out of all of those homes only 2 of them were foreclosures which sold for $51,000 and $82,000. The average days on market for all of Tippecanoe County in February was only 34 days! We'll break down the sales by school district to help you get a better idea of what homes are selling near you.
Harrison High School - In the Harrison district there were 34 homes that sold ranging from $48,000-$456,000 - One of which was the foreclosure mentioned above that sold for $51,000. The average sale price for this area was $226,114, and the average days on market was 47.
West Lafayette High School - In the West Lafayette school district there were only 7 homes that sold ranging from $74,500-$199,000. The average sale price for this area was $135,714, and the average days on market for listings in this area was 19.
McCutcheon High School -In the McCutcheon district there were 29 homes that sold that ranged between $63,000-$334,900. The average sale price was $186,069, and the average days on market was 23.
Jefferson High School - In the Jefferson school district there were 40 homes that sold ranging from $16,000-$470,000. The average sale price was $116,085, and the average days on market for listings in this area was 34 days.
As you may or may not know there's much more to look at than just the price of homes and days on market when searching for the right home. It's important to check into specific neighborhood statistics as well as price per square foot, lot size, upgrades, etc.. A home with an awesome tree house is obviously worth more than something with granite countertops, heated floors, theater rooms.. you get the idea. Tree houses are awesome.
In all seriousness- you should contact your local real estate agent to give you the knowledge you need to make an informed and confident decision before buying or selling real estate in Lafayette, IN. Happy house hunting from all of us at Parker Team Homes!
Lafayette, Indiana Foreclosures
Unfortunately there are times when homeowner's can't afford to make their mortgage payments. When these situations come up banks have to repossess the property and sell them as a foreclosure. Depending on how much the homeowner has paid toward the mortgage, sometimes banks can afford to resell the property well under market value.
A lot of times investors will purchase the home and have the opportunity to "flip" the home for a profit, or rent it out if the homeowner's association allows rental properties. Luckily for owner occupants most foreclosures have a grace period where they only allow owner occupant offers. If no offers are acceptable after that grace period then the bank allows investors to start bidding.
In 2017 there were 56 foreclosures in Lafayette, IN that sold. The prices ranged from $20,500 - $170,000. Some of these Lafayette foreclosures are move-in-ready and require little to no repairs. Of course some of them were in pretty rough shape and required a complete remodel. In most cases the amount of repairs don't come near the amount of profit the investor could make, especially in the seller's market Lafayette real estate is currently in.
It's important to do your research before investing in foreclosed properties. As an experienced real estate agent in Lafayette I always recommend having the home inspected. Even though banks will rarely (if ever) repair or give credits towards defects found in the inspection.
If you'd like to stay updated on current Lafayette foreclosures contact a real estate professional. Please share this information with anyone you know that is searching for Lafayette, IN homes for sale and happy house hunting from all of us at Parker Team Homes!
Winding Creek is one of the many desired neighborhoods in West Lafayette, IN. The mature subdivision is very well maintained and has a beautiful setting. It is located right next to Harrison High School and is near Purdue University, Interstate-65, Lafayette, restaurants, shopping, and much more. Not to mention Winding Creek is connected to the respected Coyote Crossing golf course.
Neighborhood Features - There are a lot of features that make Winding Creek a great place to call home. Many residents enjoy evening walks as there are sidewalks throughout the community. A community pool is open 6-8 months out of the year and includes a grilling area, lounge chairs, and a nice view of one of the stocked ponds. All of the ponds in have fountains which adds to the relaxing setting. The homeowner's association takes care of the community pool, snow removal on the main streets, upkeep of the entrance signs, mowing of the common grounds, and treating the ponds.
Residents - Winding Creek is home to a variety of residents including younger families, senior citizens, and many different ethnic backgrounds. The residents are very friendly and give the community a safe and comfortable atmosphere.
School Districts - One of the reasons why many families decide to make Winding Creek their home is the school districts. The elementary, middle, and high school are all right outside of the neighborhood. Not only is it convenient that they're close by, but they all have great reviews and solid reputations. Learn more about the Tippecanoe County School District.
Elementary School: Burnett Creek
Middle School: Battle Ground
High School: William Henry Harrison
Home Values - $250,000-$900,000+
Be sure to watch our video tour below. When you’re ready to begin your home search contact Kirby Parker - Lafayette Real Estate Agent at Keller Williams Realty.
'Like New' home for sale in West Lafayette! This quality home was built in 2010 and is ready for new owners. Huntington Farms is a desired neighborhood near Purdue University. Check out the virtual tour below and share with anyone you know that's searching for a home in West Lafayette.
List Price: $349,900
Finished SqFt: 4,256
Basement Sqft: 1,692
Garage: 3 Car Attached
Lot Size (Acres): .23
Contact Kirby Parker for more information on this home or to schedule a private tour. (765)421-1562
Parker Team Homes
Keller Williams Realty
Harrison High School is located in West Lafayette, Indiana near Purdue University. There are approximately 1,900 students that attend from grades 9-12. The school staff prides themselves on providing an acedemic experience steered towards high achievement, leadership, and real world responsibilities.
There are many reasons why Harrison is one of West Lafayette's respected high schools. The advanced academic environment provides vocational opportunities, and credit options with colleges such as Purdue University, Ivy Tech, Vincennes, and IU. Local businesses in Greater Lafayette have teamed up with Harrison to supply a unique learning experience geared towards their students.
The safe learning environment encourages students to reach their full academic potential. Above all, the focus at Harrison is to ensure success in students post high school endeavors!
Learn more about the Tippecanoe School Corporation.
Searching for homes in the Harrison District? Check out some of our featured West Lafayette Neighborhoods.
Kirby has lived in Indiana his whole life and has been an agent with Parker Team Homes since 2011. You can contact him directly at (765)421-1562.