Carmel Indiana Homes for Sale - November 2011

Posted by Mike Taylor on Thursday, December 8th, 2011 at 12:59pm

Time to update our look at the Carmel Indiana homes for sale and see what is happening for November 2011:

 
2010
2011
% Change
Active N/A 677
Homes Sold 76 113 49%
Average Selling Price $300,169 $373,936 25%
Days on Market 105 105 0%
Price Per Square Foot $111 $117 5%
Sales Price / List Price 95% 95% 0%


And our YTD look to give us some perspective:

 
Number of Homes Sold

Average Sales Price
 
                 
 
2009
2010
2011
% Change
2009
2010
2011
% Change
 


 



 

Jan. 45 50 51 2% $298,853 $380,098 $317,863 -16%
Feb. 51 59 62 5% $267,568 $327,208 $305,323 -7%
March 69 94 109 16% $284,331 $361,970 $297,518 -18%
April 75 122 106 -13% $261,335 $272,486 $312,268 15%
May 101 135 124 -8% $311,970 $319,435 $321,928 1%
June 133 149 161 8% $322,635 $323,398 $340,349 5%
July 131 110 151 37% $304,502 $350,242 $341,203 -3%
Aug. 125 126 145 15% $323,863 $365,921 $338,403 -8%
Sept. 110 92 117 27% $278,921 $346,604 $338,957 -2%
Oct. 133 66 76 15% $340,566 $391,834 $315,517 -19%
Nov. 110 76 113 49% $327,709 $300,169 $373,936 25%
Dec. 90 78 -100% $322,835 $318,187 -100%
Totals 1,173 1,157 1,215 4.77% $308,768 $334,401 $330,756 -1.09%


And our 3 year price graph:


Well, this was quite a month for Carmel Indiana real estate! Number of homes sold up 49% and the average sales price up 25%?? The average sales price is a bit skewed because we did see a luxury home sell for over 2M and this, of course, will distort the average since this is a relatively rare sale in Carmel Indiana. The number of homes sold cannot so easily be explained away and is most likely just another sign that Carmel is already well on its way to recovery. This is the 6th straight month we have seen an increase in the number of homes sold in Carmel. The average sales price has been a bit of a yo-you so far this year but remains relatively unchanged showing only 1% decrease in the average. Overall, the market shows signs of health and recovery and I am very optimistic for the future of Carmel real estate.