Carmel Indiana Real Estate - Year End Report 2009
Posted by Mike Taylor on Friday, January 22nd, 2010 at 7:17am.
I don’t want to bore my readers to death with yearend reports, but I find them very interesting and a good indicator of how the market is doing. So, today we will look at the Carmel real estate yearend report. First though, I always like to look at the month of December:
2008 |
2009 |
% Change |
|
| Active | N/A |
649 |
|
| Homes Sold | 79 |
87 |
10% |
| Average Selling Price | $361,035 |
$327,086 |
-9% |
| Days on Market | 79 |
95 |
20% |
| Price Per Square Foot | $114 |
$113 |
-1% |
| Sales Price / List Price | 94% |
95% |
1% |
Now the year end number s for Carmel homes:
Number of Homes Sold |
|
Average Sales Price |
||||
2008 |
2009 |
% Change |
2008 |
2009 |
% Change |
|
|
|
|
|
|
|
|
|
| Jan. | 61 |
45 |
-26.23% |
$349,289 |
$298,853 |
-14.44% |
| Feb. | 70 |
51 |
-27.14% |
$362,693 |
$267,568 |
-26.23% |
| March | 104 |
67 |
-35.58% |
$344,503 |
$286,984 |
-16.70% |
| April | 108 |
73 |
-32.41% |
$322,869 |
$260,474 |
-19.33% |
| May | 133 |
95 |
-28.57% |
$330,225 |
$306,038 |
-7.32% |
| June | 135 |
133 |
-1.48% |
$344,330 |
$322,635 |
-6.30% |
| July | 133 |
121 |
-9.02% |
$344,709 |
$308,242 |
-10.58% |
| Aug. | 121 |
122 |
0.83% |
$313,284 |
$325,683 |
3.96% |
| Sept. | 88 |
108 |
22.73% |
$311,381 |
$280,781 |
-9.83% |
| Oct. | 70 |
119 |
70.00% |
$316,830 |
$357,321 |
12.78% |
| Nov. | 65 |
101 |
55.38% |
$307,559 |
$330,595 |
7.49% |
| Dec. | 79 |
87 |
10.13% |
$361,035 |
$327,086 |
-9.40% |
| Totals | 1,178 |
1,170 |
-0.68% |
$333,659 |
$309,048 |
-7.38% |
And the year end month by month look at the average sales price for Carmel Indiana real estate:
From a demand perspective, it looks like Carmel real estate is tearing it up with 5 straight months of increased demand and 4 of the 5 seeing double digit increases over last year. 10% this month, 55% increase last month, 70% increase in October…this are REALLY good signs. What is a bit disappointing is that this increase in the number of homes sold is not translating into an increase in the average sales price…yet. The average sales price is more of wild ride over the course of the year seeing a 13% gain two months ago and then a 9% decrease this month. The first time home buyers could be affecting the average sales price but it is just too hard to tell from a macro perspective like this. One thing is for sure, the demand for Carmel real estate seems to be heating up and that is a good thing. Based on the previous 5 months of increased sales, I would project good things for Carmel Indiana real estate in 2010 but only time will tell.
If you are considering buying or selling a home in Carmel, visit our Carmel homes page or feel free to call me anytime at 317-362-4064.
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