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Indianapolis Real Estate Blog

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Fishers Real Estate - End of Year Report 2009

Monday, January 11th, 2010 at 3:03pm. 2350 Views, 0 Comments.

It time to look back at the Fishers real estate market and see how it compared to 2008. First though, let’s take a look at the month of December:

  2008 2009 % Change
Active N/A 544
Homes Sold 92 75 -18%
Average Selling Price $212,469 $204,072 -4%
Days on Market 85 59 -31%
Price Per Square Foot $91 $90 -1%
Sales Price / List Price 94% 97% 3%

Now for the year end info for Fishers homes:

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Fishers Indiana Foreclosures

Monday, December 28th, 2009 at 4:58pm. 2872 Views, 0 Comments.

Since everybody is always so interested in Fishers foreclosures and Fishers Indiana short sales, I thought it might be interesting to do a side by side comparison of active, pending, and sold homes in Fishers vs. foreclosures, short sales etc. On the left will be all Fishers homes and on the right will be all homes in Fishers that are distressed (bank owned, short sales, HUD, and VA) and the solds will be from 6/1/2009 to today:

  All Fishers Real Estate Distressed
# Active homes 568 73
Average asking price $291,119 $287,381
Asking $/ Sq. Ft. $107 $91
# Pending homes 107 31
# Sold 876 101

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Brooks Chase Fishers | Market Update | Homes For Sale

Thursday, December 24th, 2009 at 8:25am. 2405 Views, 0 Comments.

We will take another more in depth look at Brooks Chase in Fishers after the year end to see how one of Fishers most popular subdivisions did in 2009 but for now let’s take a quick snapshot of what is going on:

- There are 19 homes for sale in Brooks Chase right now with an average asking price of $139,958

- There are 7 homes pending with an average price of $129,528

- 42 homes in Brooks Chase have sold this year with an average sales price of $127,727

- The average selling price per square foot was $58

- Average list price to sales price was 98%

- Average days on the market for Brooks Chase was 67

Brooks Chase Fishers is one of the area’s top performing subdivisions because of its location and it affordability. After the first of the year,

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Noblesville Real Estate Update November

Tuesday, December 15th, 2009 at 2:42pm. 2618 Views, 0 Comments.

Here is the November numbers for the Noblesville Indiana real estate market:

  2008 2009 % Change
Active N/A 644
Homes Sold 54 90 67%
Average Selling Price $195,713 $161,463 -18%
Days on Market 74 72 -3%
Price Per Square Foot $86 $80 -7%
Sales Price / List Price 95% 97% 2%

Here are the YTD number for Noblesville homes:

  Number of Homes Sold
Average Sales

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Fishers Indiana Market Update - November

Monday, December 14th, 2009 at 4:59pm. 3069 Views, 0 Comments.

Here are the number for Fishers IN homes that sold in November 2009:

  2008 2009 % Change
Active N/A 593
Homes Sold 73 100 37%
Average Selling Price $208,846 $194,448 -7%
Days on Market 84 66 -21%
Price Per Square Foot $91 $94 3%
Sales Price / List Price 96% 97% 1%

As always I like to include YTD numbers for some perspective:

  Number of Homes Sold

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Carmel Real Estate Market Update

Friday, December 11th, 2009 at 12:15pm. 2316 Views, 0 Comments.

Here is market update for the Carmel Indiana real estate market for November 2009 compared to November 2008:

  2008 2009 % Change
Active N/A 680
Homes Sold 65 101 55%
Average Selling Price $307,559 $330,595 7%
Days on Market 71 92 30%
Price Per Square Foot $112 $115 3%
Sales Price / List Price 95% 96% 1%


For a little perspective, here is a YTD look at the Carmel homes market:


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Hansen and Horn Out of Business

Monday, December 7th, 2009 at 8:39am. 6757 Views, 0 Comments.

going_out_of_business_425If you have not heard the latest drama for new homes in Indianapolis, Hansen and Horn is officially out of money.  Rumors have been swirling for months now that they were not paying their subcontractors and problems home owners have been having but now it is official.  You can read the Indy Star story here but the gist is they are out of money and going into receivership which means someone else is taking over and going to try to pay off their debts. 

I have to give credit to Paula Henry who runs her Indianapolis real estate website and blog for pointing this out, but take a look at this:

This is a separate

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First Time Home Buyer Tax Credit Extended - Indianapolis

Wednesday, November 18th, 2009 at 8:53am. 2904 Views, 0 Comments.

I am sure everyone has heard that the tax credit for first time home buyers has been extended and expanded so I thought I would post the main bullet points of the new bill as well as a quick reference guide for the first time homebuyer tax credit for Indianapolis home buyers.  The main bullet points are:

•    Contract must be signed by 4/30/10 and close by 6/30/10.
•    First-time homebuyers (not owned a home in the last 3 years) will receive an $8,000 tax credit.
•    A $6,500 tax credit will to buyers is they owned their current home for at least five consecutive years in the previous eight years.
•    Individuals with income under $125,000 will qualify.  Couples with income under $225,000 will qualify.  This is up from $75,000 for singles or $150,000 for

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Haverstick Homes Carmel Indiana

Wednesday, October 7th, 2009 at 8:55pm. 4239 Views, 0 Comments.

I recently represented a client who purchased a home in the Haverstick subdivision in Carmel.  As part of the process I ran some numbers to see what has happened in Haverstick for the past few years as far as the average sales price.  Here is a chart showing the average sale price for Haverstick since 2003:



As you see the average sales price has obviously increased since 2003.  To be exact, Haverstick has seen a 9.04% increase in average sales price since 2003.  
If you are considering buying or selling a home in the Carmel area, please visit our Haverstick homes Carmel or Carmel real estate pages for more information and see what is currently for sale.   

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Fishers Real Estate - Average Sales Price 2008 vs. 2009

Tuesday, August 25th, 2009 at 3:50pm. 3214 Views, 1 Comments.

This is just a quickie, but I since we do sell lots of Fishers real estate I wanted to post this graph I recently put together showing the average sales price for Fishers 2008 vs. 2009:



I am not sure one can surmise too much from this other than the average selling price is not that far off from the 2008 levels and in some cases it is higher.  Let’s hope the last few months of the first time home buyer tax credit will help the Fishers real estate market finish strong.    

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