Avon Indiana Real Estate Market Report - December 2008

For the month of December, there were 46 homes sold and closed in Avon, compared to 49 homes sold in November. Of the 46 homes sold in November, 17 were homes which were distressed sales; 17 were bank owned and none were sold as a short sale.

• The average price of all homes sold in Avon was $162,378
• The Median price was $135,000.
• The highest price home sold was $413,805.
• The lowest priced home sold was $78,403.
• The average Avon home sold was a three bedroom, two bath with 2252 square feet.

The average Days on Market for homes sold was 68 days, down from 92 days last month.

There are currently 380 homes available for sale in Avon, which gives us an absorption rate of 8.2 months.

The highest price home sold in Avon was a new build by Drees Homes in Woodcreek Crossing, featuring 4 bedrooms, three baths, a finished basement, a three car garage and 5227 square feet. The home sold for $413,805.

The lowest priced home sold was a HUD owned home in Avon Trails; a three bedroom, two bath, 2 car garage, with 1224 square foot, sold for $78,403.

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Indianapolis Real Estate Blog, written by Paula Henry, an Indianapolis real estate agent and team leader of The Home to Indy Team, an  at Keller Williams Realty, serving the Indianapolis and Avon Indiana real estate markets.

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