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Old 05-20-2015, 03:58 PM
 
Location: Edmonds, WA
8,975 posts, read 10,237,017 times
Reputation: 14254

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Was talking to some family back home in the real estate field and they were saying that the NWI market is red hot right now. Homes getting multiple offers and being snapped up within 24 hours of listing, often selling over asking price. Is this really the case up there right now? If so it'd be great to hear how much the market has bounced back.
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Old 05-20-2015, 07:29 PM
 
39 posts, read 66,195 times
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Default Guess

I guess you have to specify what town.
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Old 05-20-2015, 08:03 PM
 
Location: Edmonds, WA
8,975 posts, read 10,237,017 times
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Quote:
Originally Posted by Snuggles01 View Post
I guess you have to specify what town.
They specifically mentioned Valpo/Winfield/St. John/Chesterton and also Lowell actually. Apparently Lowell is just booming right now which sort of surprises me.
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Old 05-20-2015, 08:23 PM
 
Location: Hoosierville
17,476 posts, read 14,710,390 times
Reputation: 11692
Yes - it's up across the board.

Not sure about Lowell specifically, but I can tell you that things are flying off the shelves in Valparaiso.

GNIAR should have some publicly accessible stats on their site.
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Old 05-20-2015, 08:27 PM
 
Location: Sweet Home Chicago!
6,721 posts, read 6,503,369 times
Reputation: 9915
Financial crisis and taxes in Illinois finally sinking in?
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Old 05-20-2015, 08:44 PM
 
2,158 posts, read 5,502,046 times
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A good sign is that previously halted residential subdivisions (like Copper Creek in Crown Point) as well as projects that had started almost a decade ago but were never finished (like Foxmoor in Merrillville) are finally seeing major activity. I can also say that in Munster, there is a lot of activity in West Lakes again with homes bigger and more expensive than had been built before and Katona has also been buying up lots to finish off some of the subdivisions south of 45th in Munster (they finished off Briar Creek in 2013 and are finishing up the last lot in Twin Creeks right now). They are also building an executive style home in Fairmeadows on Columbia (by the hospital) on a lot that was a tear-down. I have heard that Katona and some other builders may be trying to make Fairmeadows into a more uniformly upscale housing development through some teardowns (mostly near Frank H Hammond Elementary School) and market the area as being not only close to Chicago but also to the future south shore station in Munster. This will be interesting to see.
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Old 05-22-2015, 07:31 PM
 
1,406 posts, read 2,725,443 times
Reputation: 1426
Yes, it can suck for buyers

Trying to find a 'good' home that's not way over estimated price... going on three years now.
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Old 05-28-2015, 10:26 PM
 
Location: Edmonds, WA
8,975 posts, read 10,237,017 times
Reputation: 14254
NWI home sales surge upward
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Old 05-28-2015, 10:33 PM
 
Location: Hoosierville
17,476 posts, read 14,710,390 times
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Quote:
Originally Posted by negativenancy View Post
Yes, it can suck for buyers

Trying to find a 'good' home that's not way over estimated price... going on three years now.
If you haven't been able to find a house in 3 years, the problem isn't the market.
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Old 05-29-2015, 06:34 AM
 
Location: Valparaiso, IN
277 posts, read 444,025 times
Reputation: 204
Quote:
Originally Posted by Chuckity View Post
If you haven't been able to find a house in 3 years, the problem isn't the market.
Agreed
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