Indianapolis Real Estate Blog

Market report, news, and events affecting the greater Indianapolis area. Provider: Rebate Real Estate Feed Type: Residential [report]

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Fishers Real Estate - January 2010

Here is a look at what happened on the Fishers real estate market for all homes active, pending, and sold in January 2010:

While the highs and lows are interesting, the averages are really what are important to look at. 592 homes on the market is really not that much for Fishers especially as we go into the selling season and the tax rebate expiration come upon us quickly. In fact, the 592 Fishers homes on the market only represents a 4.95 absorption rate which is indicative of a very healthy market. Fishers is a perfect place for first time home buyer and we should see a spike in activity over the next months as the tax credit expiration looms.

If you are considering purchasing or selling a home in the Fishers area, please feel free to call me anytime at 317-362-4064 or visit our Indianapolis real estate blog to read more about local real estate.

Carmel Indiana Real Estate - Market Update

Carmel real estate is one of Indianapolis most desirable areas to live in and for good reason. Lets have look and see how one of the areas best locations did for December 2009:

- 87 Carmel homes sold in December 2009
- Average sales price was $327,086
- Average price per square foot was $113
- Sales price to list price was 95%
- It took on average 95 days to sell a home in Carmel
- Currently there are 649 homes on the market with a price of $527,913
- 77 Carmel homes are pending with an average price of $330,710
- The absorption rate in Carmel is 6.67

The number of homes that sold in Carmel represents a 10% increase over last year which is great. What is not so great is that despite that 10% increase we still saw a 9% decrease in average sales price over last year. Despite the decrease in average sales price, I do believe Carmel is a stable market with great fundamentals and will be one of the first to bounce back.

If you are considering purchasing a home in Carmel, you might be interested in West Clay homes which is one of Carmel's largest and most unique communities.

Indianapolis real estate Update December

It is that time to see how the Indianapolis real estate market did for December 2009. Here are some stats about the market:

- 768 homes sold in December 2009 with an average sales price of $103,039
- The number of homes sold was down 6% over last year
- The average sales price was up 14% over last year
- The days on the market was down 9% over last year
- There are 6844 active homes on the market with an average asking price of $157,949
- There are currently 1096 pending homes
- The average price per square foot for sold homes was $56

Other than the number of unit selling, the Indianapolis real estate market had quite a decent month to end the year. Lets hope this trend continues into 2010 and we see a turnaround as some are already predicting.
Please visit our Broad Ripple homes for sale and our Indianapolis foreclosures for more info on the Indy market.

Fishers Market Update - December 2009

Here are some numbers for the December 2009 Fishers Indiana real estate market:

Some more facts about the Fishers real estate market in December:

- There are 554 Fishers homes on the market with an average asking price of $292,934

- The average selling price is down 4% over the December 2008

- The average days on the market for sold homes in Fishers 59

- 2009 number of homes sold is down 10% 2008

- There are 99 homes pending with an average asking price of $225,267

Considering Fishers Indiana is the exact target audience for first time home buyers it is really no surprise we a 19% decrease in the number of homes sold after last months 37% increase. Everyone thought the tax credit was expiring and rushed to close in November. I am not concerned about a 19% decrease in sales activity at all. Fishers is a strong market and should see another push as the newest expiration date for the tax credit draws nearer.

If you are considering purchasing or selling a home in Fishers, feel free to contact me anytime at 317-362-4064. You can also visit our Fishers subdivisions page for a breakdown of neighborhoods by price.

Fishers Indiana Foreclosures and Short Sales

Today I wanted to focus on Fishers foreclosures and Fishers Indiana short sales. Fishers foreclosures and short sales represent about 13% of the active market with 73 of the 569 homes on the market being “distressed”. What is interesting is that the numbers for the market as a whole and the bank owned homes are not all that different. For example, the average asking price for a home in Fishers is $291,230 while the average asking price for a foreclosure in Fishers is $287,381. Not that much different at all! Also, the average selling price for a foreclosure in Fishers Indiana is a very healthy 97%. What is different is the asking price per square foot which is $107 for all Fishers homes and $91 for distressed properties.

All in all, the Fishers foreclosure market does offer some good deals but due to its affordability and desirability these homes get picked over pretty quickly. You can find a good deal, but you must be patient (especially with short sales) and willing to throw all logic out the window when working with banks. Visit our Fishers real estate or Fishers homes pages for more info.

Noblesville Market Update - November 2009

Here is a peek at what happened on the Noblesville real estate market in November 2009:

Some other interesting facts about homes that sold in Noblesville:

- The number of homes sold in Noblesville is up 67% since this time last year
- The average selling price is actually down 17% over the same time last year
- Average days on the market is down by 3%
- YTD the number of Noblesville homes that sold is only down 2%
- There are currently 644 homes on the market in Noblesville

Overall, this was a mixed month for Noblesville real estate. We saw a huge increase in the number of homes sold, probably due to the tax credit, but we also saw a bigger than normal dip in price. If you are interested in Noblesville Indiana real estate, please visit one of our websites above and you may also like Fishers homes.

Carmel Real Estate Update

Here are some stats for the Carmel real estate in Indiana for the month of November 2009:

- 101 Homes sold which is 55% increase over last year
- The average sales price was $330,595
- The average sales price was up 7% over last year
- Average days on the market was 92
- Price per square foot was $115

Carmel real estate has had an incredible past 3 months showing huge gains in the number of homes sold and gains in the average sales price in 2 out of the last 3 months. I am not sure if this activity has been spurred on by the tax credit but typically Carmel buyers are not first time home buyers. Lets just hope this trend continues into the next year.