Fishers Real Estate - Market Report October 2011
Posted by Mike Taylor on Friday, November 18th, 2011 at 9:18am.Time to look at the Fishers real estate market for October 2011:
2010 |
2011 |
% Change |
|
| Active | N/A | 609 | |
| Homes Sold | 104 | 89 | -14% |
| Average Selling Price | $254,123 | $262,495 | 3% |
| Days on Market | 85 | 93 | 9% |
| Price Per Square Foot | $97 | $96 | -1% |
| Sales Price / List Price | 96% | 96% | 0% |
Along with some YTD numbers for Fishers homes for sale:
Number of Homes Sold |
|
Average Sales Price |
||||||
2009 |
2010 |
2011 | % Change |
2009 |
2010 |
2011 | % Change |
|
|
|
|
|
|
|
|
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| Jan. | 67 | 62 | 46 | -26% | $205,432 | $230,595 | $198,902 | -14% |
| Feb. | 79 | 75 | 53 | -29% | $207,417 | $193,646 | $229,899 | 19% |
| March | 113 | 131 | 91 | -31% | $188,454 | $204,874 | $214,983 | 5% |
| April | 124 | 155 | 105 | -32% | $186,470 | $203,055 | $192,547 | -5% |
| May | 159 | 153 | 146 | -5% | $212,962 | $199,209 | $204,888 | 3% |
| June | 157 | 150 | 151 | 1% | $218,264 | $216,551 | $212,265 | -2% |
| July | 154 | 86 | 151 | 76% | $204,313 | $229,578 | $239,028 | 4% |
| Aug. | 151 | 113 | 136 | 20% | $212,850 | $219,962 | $235,369 | 7% |
| Sept. | 138 | 92 | 120 | 30% | $231,668 | $217,698 | $216,277 | -1% |
| Oct. | 120 | 104 | 89 | -14% | $215,546 | $254,123 | $262,495 | 3% |
| Nov. | 113 | 69 | -100% | $193,180 | $226,184 | -100% | ||
| Dec. | 79 | 75 | -100% | $194,620 | $201,375 | -100% | ||
| Totals | 1,454 | 1,265 | 1,088 | -16.27% | $207,249 | $214,909 | $221,047 | 2.86% |
And our 3 year price graph:
It looks like despite a pretty significant decrease in sales activity, average sales price is actually up for the month and for the year. A YTD average price increase is remarkable considering the market and a 16% decrease in sales activity. Foreclosures or distressed properties make up 13% of the sales in Fishers for the month of October. This is far less than Indianapolis but not quite as good as its neighbor Carmel to the west. Average days on the market is still a very palatable 93 days and the price per square foot remain relatively unchanged with an average of $96 / sq. ft. The absorption rate, or months supply of homes on the market, is reduced this month to only 5.8.
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