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Indianapolis Real Estate Blog

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Fishers Indiana Homes - Market Report - March 2011

Monday, April 11th, 2011 at 11:34am. 3768 Views, 0 Comments.

Now that we have seen the Carmel and Indianapolis reports, time to see how Fishers Indiana homes for sale compared in March 2011. Here is a look at the month of March in detail:

  2010 2011 % Change
Active N/A 632
Homes Sold 132 91 -31%
Average Selling Price $204,279 $214,983 5%
Days on Market 82 87 6%
Price Per Square Foot $90 $94 4%
Sales Price / List Price 96% 95% -1%


And a year to date look:

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Carmel Indiana Homes - Market Report - March 2011

Wednesday, April 6th, 2011 at 8:35am. 2380 Views, 0 Comments.

Let’s take a look at the Carmel Indiana real estate market for March 2011. Here are detailed numbers for the month of March:

  2010 2011 % Change
Active N/A 846
Homes Sold 95 409 15%
Average Selling Price $362,531 $297,518 -18%
Days on Market 77 110 43%
Price Per Square Foot $118 $110 -7%
Sales Price / List Price 95% 95% 0%


And for a little perspective, let’s also look at a 3 year YTD of both number of

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Indianapolis Homes - Market Report March 2011

Tuesday, April 5th, 2011 at 11:43am. 2139 Views, 0 Comments.

Time to take a look at the number for Indianapolis homes for March 2011.   The first quarter is behind us and it is a good time to assess the market and how it might be trending for 2011.  As I have mentioned before, this year is going to prove quite difficult because of the first time home buyer tax credit having such a huge affect on the market last year.  That being said, let’s look at the number for Indianapolis for March:

  2009 2010 % Change
Active N/A 6864
Homes Sold 999 697 -30%
Average Selling Price $111,719 $98,987 -11%
Days on

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Carmel Indiana Real Estate - Year End Report 2010

Wednesday, January 12th, 2011 at 9:17am. 3751 Views, 0 Comments.

Today it is time to look at the Carmel Indiana real estate market for 2010 year end. Again, we will see the trend of less activity but increased sales price. Let’s take a look at what we are dealing with then attempt some analysis. Here is December in detail:

  2009 2010 % Change
Active N/A 734  
Homes Sold 90 78 -13%
Average Selling Price $322,835 $318,187 -1%
Days on Market 96 85 -11%
Price Per Square Foot $112 $114 2%
Sales Price / List Price 95% 95%

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Fishers Real Estate - Year End Report 2010

Tuesday, January 11th, 2011 at 8:49am. 2321 Views, 0 Comments.

Yesterday we looked at Indianapolis, today we will be looking at how the Fishers real estate rounded out 2010. Indianapolis had a very clear trend of decreased sales activity and increased sales price. Fishers will continue this trend as 2010 closes out. First let’s take a look at December in detail:

  2009 2010 % Change
Active N/A 602
Homes Sold 79 75 -5%
Average Selling Price $194,620 $201,375 3%
Days on Market 61 96 57%
Price Per Square Foot $89 $89 0%

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Indianapolis Real Estate Year End Report 2010

Monday, January 10th, 2011 at 8:07am. 2422 Views, 0 Comments.

The time has come to take a look at the year of 2009 and see how the Indianapolis real estate market performed.  Over the next few days, I will be posting the year end reports for most of the Indianapolis market.  Today, we start with Indianapolis itself.

Indianapolis has typically not performed as well as the suburbs and has been plagued with more foreclosures than the suburbs as well.  However, despite this Indianapolis has actually posted some great numbers for 2009 indicating a recovery may already be well underway. 

Let ’s take a look at the month of December in detail:

  2009 2010 % Change
Active N/A 6603
Homes Sold

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Red Door Real Estate Nominated by Zillow as Best Blog in Indianapolis

Tuesday, November 16th, 2010 at 5:43pm. 2413 Views, 0 Comments.

I am excited to announce Zillow has recognized and nominated our blog as one of the best in the Indianapolis area.  We would be very appreciative if you help us out and vote for our blog as your favorite here:

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You can do so once a day and we would greatly appreciate it.  

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Geist Waterfront Homes : HSE vs. Lawrence

Friday, October 29th, 2010 at 1:31pm. 3735 Views, 0 Comments.

One of the area’s on Indianapolis real estate I love to work with is Geist waterfront homes. In case you didn’t know, Geist is split into two distinct counties and more importantly two very different school districts. North of 96th street, Geist lies in the Hamilton Southeastern School district which is by most people’s perception a much better school district than its southern counterpart Lawrence Township. Now, the question I am going to attempt to answer today is: Does the school district affect desirability and resale value of waterfront homes on Geist?

To answer this, we are going to look at two sets of data. One that shows us the number of homes sold, average sales price, and price per square foot for waterfront properties on Geist with HSE

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Indianapolis Short Sales Explained

Tuesday, October 19th, 2010 at 2:13pm. 2598 Views, 0 Comments.

indianapolis short salesI am finally writing the most overdue blog post EVER, the long winded answer to the question I probably get asked most often: What is a short sale?  Quite simply, a short sale is when the owner of a property owes more than the house is worth and they ask the bank to accept an offer less than this amount in lieu of going to foreclosure.  For example, a seller has a houses listed for $100,000 and they owe $125,000 on the mortgage.  They receive an offer from a prospective buyer for $90,000 and ask the bank to take a loss of $35,000 instead of taking the home to foreclosure, re-listing it, and selling it themselves.  Sometimes it works and sometimes it does not.  

Now, the gory details.  If you are the buyer or potential buyer of a short sale you MUST know

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Forbes Magazine: Indianapolis / Carmel 10 Markets Most Likely to Appreciate

Wednesday, September 15th, 2010 at 11:01am. 5828 Views, 0 Comments.

Forbes Magazine has recently added another accolade for the Indianapolis / Carmel area.  They have named us as the 10th most likely market to appreciate because we offer a “offer a mix of jobs weighted toward growth industries.”  If you look at the market reports I do on a monthly basis, Carmel real estate and Fishers estate are already seeing price increases this year over last year’s numbers.  

These are the top markets, the research company concludes:

1. Raleigh-Cary, N.C.
2. McAllen-Edinburg-Mission, Texas
3. Austin-Round Rock, Texas
4. Nashville-Davidson-Murfreesboro-Franklin, Tenn.
5. San Antonio, Texas
6. Colorado Springs, Colo.
7. Albuquerque, N.M.
8. Denver-Aurora-Broomfield, Colo.
9. Springfield, Mo.
10. Indianapolis-Carmel, Ind.

Source: Forbes, Francesca

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