What are you hankering for when you buy a home in Ft Wayne? Good space and great bones? You bet. Nice neighborhoods and highly rated schools? Check. But when you put all of those different factors into a grinder, there’s one thing that comes out the other side: price appreciation.
Homes coming out of the grinder have appreciated tremendously. We already know that the West Coast houses have soared, but how about the Mid-West. Is it increasing in value—and if so, by how much?
The data team at realtor.com® crunched the numbers to find these appreciation sensations. And they aren’t the usual suspects.
Residents of “flyover country,” your time has come! For years, you’ve listened to your East or West Coast pals complain/brag/babble about soaring home values and bidding wars. It turns out that the cities increasing most in value are actually more often found smack-dab in the middle of the affordable American heartland. (Make that affordable for now.)
The designation we bestow each month based on high demand and low time-on-market include:
Median home list price: $176,100
1-year percentage change: 22.5%
3-year percentage change: 52.5%
5-year percentage change: 67.9%
Fort Wayne ranked No. 4 on realtor.com’s September ranking of the country’s hottest housing markets, after San Francisco, San Jose, and Vallejo. In fact, it was the only non-California metro to crack the top 9.
And that’s just further proof that this housing market has gotten Spanx-tight in just a few years. “It’s getting harder for buyers to purchase their perfect home or one that matches all their criteria,” says Ryan Dollens, an associate broker at Imagine Real Estate. “I’ve seen quite a few [home listings get] multiple offers.” This wasn’t the norm just a few years back.
The hottest parts of Fort Wayne are in its northwest and southwest regions. Dollens says there’s been a particular focus on building condos near Parkview Field, where Fort Wayne’s minor league baseball team plays.
The other cities are:
If you are looking for a great place to live, Ft Wayne has it. And, if you want help when you get here, call us: JT Integrity Properties at 260-202-2222
As investors, we are in business to make a modest profit on any deal. However, we can help homeowners out of just about any situation, no matter what! There are no fees, upfront costs, commissions, or anything else. Just the simple truth about your home and how we can help you sell it fast to resolve any situation.
Give us a call today at 260-202-2222 to let us know how we can help YOU.