Fishers Indiana Real Estate Year End Report

Posted by Mike Taylor on Thursday, February 5th, 2009 at 10:41am

We all know that Fishers real estate is among Indianapolis’ hottest areas so let’s take a look at what that means as far as the numbers go. Below is a year end, month by month, report of the number of homes sold and their corresponding average sales price for homes sold in Fishers Indiana:

 
Number of Homes Sold

Average Sales Price
 
             
 
2007
2008
% Change
2007
2008
% Change
 






Jan.
93
69
-25.81%
$218,528
$216,714
-0.83%
Feb.
107
86
-19.63%
$230,805
$213,481
-7.51%
March
134
129
-3.73%
$214,394
$214,817
0.20%
April
154
117
-24.03%
$212,723
$228,846
7.58%
May
213
161
-24.41%
$226,181
$202,926
-10.28%
June
189
153
-19.05%
$218,020
$212,484
-2.54%
July
184
166
-9.78%
$215,989
$224,070
3.74%
Aug.
143
173
20.98%
$231,558
$209,978
-9.32%
Sept.
128
152
18.75%
$233,934
$223,873
-4.30%
Oct.
123
99
-19.51%
$203,548
$224,954
10.52%
Nov.
111
71
-36.04%
$224,716
$208,532
-7.20%
Dec.
79
87
10.13%
$222,352
$213,536
-3.96%
 






Totals
1,658
1,463
-11.76%
$221,062
$216,184
-2.21%

 

I hope to be adding some fancy new graphs soon, but that will have to wait until I can figure it out completely.

So what does this “buyers market” look like in Fishers? Well, not so bad actually compared to other parts of the country. We do see a drop off of 11% fewer homes sold in 2008 vs. 2007. However, we only see a 2% decrease in the average selling price. Any decrease is bad, but in this market a 2% decrease is phenomenally good.

In addition to the sold data, these stats are also relevant to look at:
- There are currently 645 homes on the market right now.
- The current average asking price is $302,962.
- The average home has been on the market for 108 days.
- The average asking price per square foot is $111.
- There are currently 69 homes pending.
- The average pending home is listed for $90 / sq. ft. and has been on the market for 95 days.

What does all this mean? Well, it means that although no market is immune from the housing crisis, Fishers real estate is weathering the storm quite well. Fishers, and the rest of Hamilton County, should be among the first to emerge from this current downward trend and still remains a safe place to invest in a home.

If you are looking for a home Fishers, please visit our Fishers real estate page to view and search all homes for sale in Fishers. We have highlighted some of the larger and more popular neighborhoods such as Gray Eagle, Avalon, and Sunblest Farms. You may also want to visit our Geist real estate page.

 


Comments

Jayson wrote:
Looks like Fishers is doing well - That 2% drop is certainly bearable considering the low interest rates and up coming $15k tax credit; the average days on market is pretty comparable to an average market and is very good (compared to the nation). Hopefully, things keep up -

Posted on Sunday, February 8th, 2009 at 3:58pm.