Market Statistics  

Brownsburg Indiana Home Sales

Home Sales in Brownsburg for the first quarter of 2010 were fairly equal to the number of homes sold in Brownsburg in December, however, the price point was a bit higher.

Last month there were 41 sales for an average of $163,012, compared to November’s 45 sales and an average price point of $151,783. Averages don’t really mean a whole lot except when studied over a long period of time. When we factor in short sales or bank owned properties in a specific area, averages tend to skew the whole.

There were 10 distressed properties sold in Brownsburg in December; almost 25% of the sales. Distressed properties are homes which sold either through short sale or as a bank owned home.

Brownsburg Indiana Subdivision Sales:

The most popular neighborhoods and subdivisions in Brownsburg for sales last month were:...

Comparing the Indianapolis real estate market from 2008 - 2009 indicates signs of recovery on the horizon. As we track the number of home sales, the first half of 2009 was well below the number of sales of 2008.

In July, the sales equaled 2009 and with the exception of December. the number of home sales for the last half of 2009 exceeded the homes sold in 2008. Consequently, the average home price in Indianapolis in 2009 also stepped into pace with 2008 home prices in July and stayed consistent for the next few months.

By the end of 2009, the average home price exceeded 2008 and the trend is moving up for both number of sales and the average home price.

...

Brownsburg Indiana Home Sales

Home Sales in Brownsburg for December 2009 were fairly equal to the number of homes sold in Brownsburg in November, however, the price point was a bit higher.

Last month there were 41 sales for an average of $163,012, compared to November's 45 sales and an average prive point of $151,783.

Averages don't really mean a whole lot except when studied over a long period of time. When we factor in short sales or bank owned properties in a specific area, averages tend to skew the whole. There were 10 distressed properties sold in Brownsburg in December; almost 25% of the sales. Distressed properties are homes which sold either through short sale or as a bank owned home.

Brownsburg Indiana Subdivision Sales:

The most popular neighborhoods and subdivisions in Brownsburg for sales last month were:

• Summeridge - 7 homes sold - average price of $239,275
• Williamsburg Villages - 4 homes sold - average price...

Home Sales in Danville for the month of December were above last years sales. There were 11 sales last month, compared to 7 sales in December 2008. The averages for December 2009:

• The highest home sale was $217,900 for a four bedroom, 3 bath home with 2433 square feet.
• The lowest priced home sold was a two bedroom, 1 bath home with 1228 square feet.
• The average days on market was 59 days.

Danville Real Estate Sold

Danville homes sold,  subdivision, home levels, garage, basement, square feet and price. The most popular subdivision sales in Danville were in Stratford Ridge and Clear Creek, which represents two distinct home buyers, the first time home buyer and the move up home buyer.

...

The Avon Indiana real estate market actually improved year over year for the month of December. More homes sold, although only by a few, the price increase is very positive, especially for homeowners who are tracking the market and want to sell their home this Spring.

I was interested to see how the numbers would pan out after November’s deluge of first time home buyers closed. Remember, the original deadline was November 30th for first time homebuyers who wanted to take advantage of the $8000.00 incentive, so many were already scheduled and closed in November.

Carmel Indiana real estate market statistics indicate the last half of 2009 may be a turning point for home sales. While home prices aren’t back to the average sales price of the first quarter of 2008, the average sales price is remaining steady and the number of home sales in Carmel is up.

In the home sales report for the first three quarters of 2008 vs 2009, you can clearly see the average price decline to it’s lowest point in the first quarter of 2009.

By the end of the second quarter of 2009, the average home value was up to $304,270 and climbing. In November there were 103 condos and homes sold in Carmel, compared with 65  sold in November, 2008. Average Sales Price: $328,980

Single Family Home Sales:

• Homes Sold:89
• Average price: $356,914
• Average Days on Market: 92
• Highest Price Home Sold: $1,964,196.
• Lowest Price Home Sold: $40,000

...

It's official -- home prices are no longer in free fall.

According to the Federal Housing Finance Agency, the Home Price Index posted its  since 2007 last quarter.

The news was reported Tuesday.

The Home Price Index is an interesting metric.  It's huge in its scope, accounting for every home sold in the country that backs a mortgage bound for Fannie Mae or Freddie Mac with two notable exceptions:

1. It doesn't track new construction
2. It doesn't track multi-unit homes

Because the Home Price Index makes these specific exclusions, and because it doesn't account for FHA and jumbo mortgages, some analysts discount the HPI's relevance. 

They prefer the private-sector Case-Shiller Index instead. Now, to be fair, the Case-Shiller has its own set of flaws, too. For example, it excludes condos and co-ops, and only tracks sales in 20 cities nationwide.  But, of all the private home valuation...

Carmel Indiana Homes for Sale is a popular search for home buyers in the Indianapolis area. Carmel, Indiana is noted as having some of the most expensive real estate in Indianapolis, excluding waterfront properties and some downtown condos. With 849 currently active Carmel homes for sale through the MLS, there is sufficient inventory available, but which homes are selling?

Let’s take a look at what the Carmel Real Estate numbers for August tell us if you are trying to sell your home. What price range is selling and how long might it take? Remember, these are averages!

Recently, I was asked to provide some data about the state of foreclosures in Indianapolis and how it is affecting the economy. It was an eye-opening excercise, but certainly not surprising.

While the data reveals the state of foreclosures in Indianapolis (Marion County), the depth of what the statistics doesn’t reveal is mind boggling. The far reaching effect of foreclosures in many areas of Marion County will probably not be known for several years.

I certainly have opinions about how we reached this point, which I’ll write about next; first I’ll show you the statistics.

*2009 data through 6/30/2009      *YonY = year on year % increase

Although I’m not a big gambler, I’m willing to bet the % of foreclosures in...

Once again, there were few sales in Eagle Creek. Three homes sold in Eagle Creek in January.

• A 5 bedroom 4.5 bath home in Ballinshire with 3656 square feet and a three car garage sold for $325,000.
• A 4 bedroom, 2.5 bath home with 2154 square feet and a 3 car garage sold in Eagle Creek Woods for $200,950.
• A 3 bedroom, 2.5 bath home with 1717 square feet and a 2 car garage sold in Coppermill for $151,500.

There are currently 30 homes for sale in Eagle Creek ranging in price from $173,000 for a 4 bedroom, 2.5 bath home in Coppermill to a 5 bedroom, 5.5 bath home in Eagle Ridge with dock and waterview for $1,000,000.

There are currently 8 condos for sale in Eagle Creek at Cobblestone ranging in price fron $69,900 for a 2 bedroom, 1 bath with 885 square feet and no garage to $140,000. for a 2 bedroom, 2.5 bath with 1549 square feet and a two car garage.

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In the month of January, there were 69 homes sold and closed within Fishers, Indiana Real Estate, compared to 83 homes sold in December. Of the 69 homes sold in January, 8 were distressed sales.

• The average price of all Fishers, Indiana homes sold was $216,714
• The Median price of Fishers Indiana Real Estate was was not provided.
• The highest price Fishers, Indiana home sold was $565,000.
• The lowest priced Fishers, Indiana home sold was $97,000.
• The average Fishers real estate home sold was a 3 bedroom, 3 bath with 2344 square feet.

The average Days on Fishers, Indiana, Real Estate Market for homes sold was 86 days, up from 82 days last month. The highest number of days on market was 267 days.

There are currently 674 homes available for sale in Fishers, which gives us an absorption rate of  9.7 months.

The...

For the month of January, there were 61 homes sold and closed in Carmel, compared to 90 homes sold in December. Of the 61 homes sold in January, 3 were distressed sales, all bank owned properties.

• The average price of all homes sold in Carmel was $347,504
• The Median price was was not provided.
• The highest price home sold was $1,400,000.
• The lowest priced home sold was $84,750.
• The average Carmel home sold was a 3 bedroom, 3 bath with 2705 square feet.

The average Days on Market for homes sold was 89 days, up from 86 days last month. The highest number of days on market was 243 days.

There are currently 846  homes available for sale in Carmel, which gives us an absorption rate of  13.8 months.

The highest price home sold in Carmel was located in the gated community of Coppergate, featuring 6...

For the month of January, there were 12 homes sold and closed in Zionsville, compared to 26 homes sold in December. Of the 12 homes sold in January, none  were distressed sales

• The average price of all homes sold in Zionsville was $527,710
• The Median price was was $425,500.
• The highest price home sold was $1,150,000.
• The lowest priced home sold was $168,500.
• The average Zionsville home sold was a four bedroom, four bath with 3530 square feet.

The average Days on Market for homes sold was 148 days, up from 111 days last month. The highest number of days on market was 864 days.

There are currently 316 available homes for sale in Zionsville, which gives us an absorption rate of  26.3 months.

The highest price home sold in Zionsville...

Real Estate sales in Indianapolis for January were significantly less than the number of homes sold in December. Blame it on the cold, the snow, the ice - or the normal winter slow down - there were 652 homes sold in Marion County compared to 803 last month.

The good news is, the percentage of foreclosures and short sales were less. Distressed property sales represented 42.9% of the sales in January, down from over 50% in December.

Maybe it's a sign we are seeing the foreclosure and bank owned home inventory start to dwindle.

Somehow, I think not. We will see more bank owned homes when the ban on foreclosures is lifted.

For the month of January, there were 8 homes sold and closed in Danville, compared to 7 homes sold in December. Of the 8 homes sold in January, 4 were homes which were distressed sales; either bank owned, short sale, HUD or VA owned.

• The average price of all homes sold in Avon was $121,062
• The Median price was was not reported.
• The highest price home sold was $265,000.
• The lowest priced home sold was $40,000.
• The average Danville home sold was a two bedroom, two bath with 1680 square feet.

The average Days on Market for homes sold was 80 days, down from 102 days last month. The highest number of days on market was 161 days.

There are currently 87  homes available for sale in Danville, which gives us an absorption rate of  10 months.

The highest price home sold in Danville was in Stratford Ridge , featuring 3...

For the month of January, there were 13 homes sold and closed in Plainfield, compared to 17 homes sold in December. Of the 13 homes sold in January, 3 were homes which were distressed sales; either bank owned, short sale, HUD or VA owned.

• The average price of all homes sold in Avon was $135,100
• The Median price was was $126,000.
• The highest price home sold was $236,500.
• The lowest priced home sold was $70,000.
• The average Plainfield home sold was a three bedroom, two bath with 1762 square feet.

The average Days on Market for homes sold was 80 days, down from 87 days last month. The highest price home sold was on the market for 365 days.

There are currently 162  homes available for sale in Plainfield, which gives us an absorption rate of  13.5 months.

The highest price home sold in Plainfield was in Yorktown...

For the month of January, there were 30 homes sold and closed in Brownsburg, compared to 40 homes sold in December.

Of the 30 homes sold in January, 9 were homes which were distressed sales; either bank owned, short sale, HUD or VA owned.

• The average price of all homes sold in Avon was $147,285
• The Median price was was not reported.
• The highest price home sold was $247,000.
• The lowest priced home sold was $95,000.
• The average Brownsburg home sold was a three bedroom, two bath with 2286 square feet.

The average Days on Market for homes sold was 63 days, down from 78 days last month. The highest price home sold was on the market for 216 days.

There are currently 332  homes available for sale in Brownsburg, which gives us an absorption rate of  11.0 months.

The highest price home sold in Brownsburg...

For the month of January, there were 23 homes sold and closed in Avon, compared to 46 homes sold in December. Of the 23 homes sold in January, 9 were homes which were distressed sales; either bank owned, short sale, HUD or VA owned.

• The average price of all homes sold in Avon was $140,348
• The Median price was was not reported.
• The highest price home sold was $415,000.
• The lowest priced home sold was $70,000.
• The average Avon home sold was a three bedroom, two bath with 1959 square feet.

The average Days on Market for homes sold was 122 days, up from 68 days last month.The highest price home sold was on the market for 545 days, which increased the average days on market.

There are currently 398  homes available for sale in Avon, which gives us an absorption rate of  17.3 months. The highest price home sold in Avon was a new build in...

There are currently 7620 homes for sale in Indianapolis in Marion County. Sales were up in December compared to November, with 100 more homes sold in December.

There were 803 homes sold in December which represents 10.5% of the current inventory.

Last month sales equaled 8.8% of the inventory.

For the month of December, there were 7 homes sold and closed in Danville compared to 9 homes sold in November. Of the 9 homes sold in November, 1 home was a distressed property sales.

• The average price of all homes sold in Danville was $121,128
• The Median price of homes sold was $145,000.
• The highest price home sold was $160,000.
• The lowest priced home sold was $25,000.
• The average Danville home sold was a three bedroom, two bath with 1685 sq. ft.

The average Days on Market for homes sold was 102 days, up from 100 days in November. There are currently 90 available homes for sale in Danville, which gives us an absorption rate of 10.0 months.

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