Erik Armstrong

Terre Haute is the county seat of Vigo County and the self-proclaimed capital of the Wabash Valley. Terre Haute is located near Indiana's western border with Illinois. In 2000 census, the city had a metropolitan population of 170,943. The physical geography of the city is dominated by the Wabash River, which forms the western boarder of the city. The community's major shopping area runs near I-74 and US 40 runs through the downtown area. Reader's Digest magazine named Terre Haute one of the 50 best places to raise a family. Terre Haute has many fine residential areas and a fine public school system, thanks to the priority the city places on education and family.

As of the census of 2000, there are 60,614 people, 30,870 households, and 20,035 families residing in the city. The median income for a household in the city is $28,018, and the median income for a family is $37,618.

The economic activity in Terre Haute is significant. Companies across the country and the world are learning about Terre Haute community. Over the course of this past year, the announcements of two outstanding new companies coming to Terre Haute/Vigo County along with the excitement and the promise for places to site a business in the Midwest.

Higher education abounds in Terre Haute. It is home to Indiana State University, Rose-Hulman Institute of Technology, and Saint Mary-of-the-Woods College and two vocational schools, Ivy Tech State College and Indiana Business College. The Vigo County School Corporation, which includes Terre Haute, boasts five fine high schools, six middle schools, and eighteen elementary schools.

Terre Haute Market Report

The market in Terre Haute has shown sign of decline sure, but not quite as much as the dooms-day reports are insinuating. According the THAAR (Terre Haute Area Association of REALTORS®) Year end report 2,151 homes were closed in 2007 down 7.92% from 2006. The average list price was down 3.61% which is reflective of the average sales price declining 4.3%. The average days on the market for homes in the area went up from 88 days in 2006 to 98 days in 2007, an increase of 11.36%.

I don't have any numbers to back it up as of right now but as of February the phone call are picking up. Curiosity combined with better weather conditions are bringing out the buyers. I hope that this will be enough to relieve a good portion of the sellers that have been feeling strapped lately.

Pfizer Inc. dropped their inhaled Insulin Exubera, eliminating 660 jobs along with it. Many people are forced to sell, which has some areas over populated with sellers. The problem is that even though these are perfectly good homes and priced to sell, many buyers are nervous about buying a home in an area with so many homes on the market.

Terre Haute News and Events

For the most up to date information on news and events please go to http://www.terrehaute.com/ (the official site for Terre Haute) Here you will be able to view up coming events and plan a fun weekend. For any questions please contact me.

Vigo County News and Events

For the most up to date information on news and events please go to www.terrehaute.com (the official site for Terre Haute) Here you will be able to view up coming events and plan a fun weekend. For any questions please contact me.

Erik Armstrong

Vigo County Market Report

The market in Vigo County has shown sign of decline sure, but not quite as much as the dooms-day reports are insinuating. According the THAAR (Terre Haute Area Association of REALTORS®) Year end report 2,151 homes were closed in 2007 down 7.92% from 2006. The average list price was down 3.61% which is reflective of the average sales price declining 4.3%. The average days on the market for homes in the area went up from 88 days in 2006 to 98 days in 2007, an increase of 11.36%.

I don't have any numbers to back it up as of right now but as of February the phone call are picking up. Curiosity combined with better weather conditions are bringing out the buyers. I hope that this will be enough to relieve a good portion of the sellers that have been feeling strapped lately.

Pfizer Inc. dropped their inhaled Insulin Exubera, eliminating 660 jobs along with it. Many people are forced to sell, which has some areas over populated with sellers. The problem is that even though these are perfectly good homes and priced to sell, many buyers are nervous about buying a home in an area with so many homes on the market.

**The facts and figures represented in this article are based off an the Terre Haute Area Association of REALTORS® and are intended to reflect the market condition of this market only. For facts and figures for your market please consult with a REALTOR® who specializes in your market.