Fishers Indiana Real Estate - Market Report February 2012

Posted by Mike Taylor on Wednesday, March 14th, 2012 at 6:40am

Fishers Indiana real estate is also seeing an increase in sales activity across for 2012 vs. 2011 so far this year. Here are the numbers for Fishers Indiana real estate for February 2012:

 
2010
2011
% Change
Active
N/A
601

Homes Sold
56
70
25%
Average Selling Price
$226,699
$208,156
-8%
Days on Market
106
100
-6%
Price Per Square Foot
$94
$88
-6%
Sales Price / List Price
96%
96%
0%


And the YTD numbers for 3 years running:

 
Number of Homes Sold

Average Sales Price
 
                 
 
2010
2011
2012
% Change
2010
2011
2012
% Change
 


 



 

Jan.
62
46
58
26%
$230,595
$198,902
$216,494
9%
Feb.
75
56
70
25%
$193,646
$226,699
$208,156
-8%
March
131
91

-100%
$204,874
$214,983

 
April
155
105

-100%
$203,055
$192,547

 
May
153
146

-100%
$199,209
$204,888

 
June
150
151

-100%
$216,551
$212,265

 
July
86
151

-100%
$229,578
$239,028

 
Aug.
113
136

-100%
$219,962
$235,369

 
Sept.
92
120

-100%
$217,698
$216,277

 
Oct.
104
89

-100%
$254,123
$262,495

 
Nov.
76
61

-100%
$227,047
$226,631

 
Dec.



#DIV/0!



 
 







 
Totals
1,197
1,152
128

$215,878
$221,210

 

 

And of course our 3 year price graph:

indianapolis indiana homes for sale february 2012


As you can see Fishers is off to a great start in terms of number of homes sold. We saw a 26% and 32% increase in the numbers of homes in Fishers sold in 2012. The average sales prices is a mixed bag with a 9% increase in January and an 8% decrease in February. Average sales price can be a bit and it more prone to fluctuations that the number of homes sold so we will have to wait for a little more date before we call this one.

One thing I did notice is that for some reason the number of foreclosures/short sales in the Fishers market shot up in February. Typically, Fishers see anywhere from 10-15% of all homes sold as a result of foreclosures / short sales. However, in February 30% of all homes sold in Fishers Indiana were a result of the distressed market. This is something to watch very closely as they are predicting an increase in foreclosure activity since the Robo Signing debate has been settled.

Foreclosures aside, Fishers appears to be rebounding like the other communities we have reported on so far. The number of homes selling appears to be steadily increasing and the market fundamentals remain strong. The absorption rate is great at 5.59 month’s supply of homes currently on the market and the days on the market is down 6% over last year. This should be a good year for Fishers real estate.