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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Carmel Indiana Real Estate - Market Update December 2011

The Carmel Indiana real estate market is typically one of the most desirable in the Indianapolis area. Today lets look at how the market did for December 2011:

The first I notice when I look at the Carmel homes report is the average sales price seems to be significantly lower than normal. Indeed it is some 12% lower than last years sales averages and 40K+ lower than the average for the year. Perhaps a rash of lower priced homes sold or a lack of higher end homes sold. Either way, December appears to be an anomaly for the Carmel real estate market in terms of average sales price. If we look at the year over year 2010 vs. 2011 we see an average of $327,000 sales price which is a slight decrease of 2% over last year. The number of homes sold though is up 10% over last year. Here is a 3 year price graph for some comparison:

Indianapolis real estate - Market Report December 2011

Lets take a look at how the Indianapolis real estate market rounded out the year. Here is a look at the numbers for all sold homes in Indianapolis for December 2011:

The average sales price for December 2011 for Indianapolis homes was $107,563. This represents an 8% decrease in the average sales price as compared to the same time last year. The number of homes sold however is up 1%. The average price per square foot and average list price to sales price are also up for December 2011 vs 2010. Here is a 3 year price trend chart for Indianapolis sold homes:

Overall, the Indianapolis real estate market remains poised for slow and steady come back in 2012.

Indianapolis real estate report for October 2011

As the year comes to a close lets see how the Indianapolis real estate market fared in October for sold homes. Here are some stats for sold homes in Indianapolis for October 2011:

The average home in Indianapolis was sold for $120,770 and was on the market for 101 days. The average sales price per square foot was $64 and the average listing price to sales price is 95%. While the low and high numbers are interesting to look at, the average and the median numbers are far more informative about what is going on in the Indianapolis real estate market. There were a total of 673 homes sold in Indianapolis October 2011 which represents a 9% increase over last year.

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.