Indianapolis Real Estate Index

Contact Red Door Real Estate

If you have any questions or need more detailed information, please feel free to contact me via phone at 317-RED-DOOR / 317-733-3667 or fill out the form to let us know how we can help with your real estate needs.

Phone: (317) 733-3667
Fax: (317) 663-0840

Refine your search...
Use the form below to narrow down your results

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
ActiveN/A609 
Homes Sold10489-14%
Average Selling Price$254,123$262,4953%
Days on Market85939%
Price Per Square Foot$97$96-1%
Sales Price / List Price96%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
 


 



 

Jan.676246-26%$205,432$230,595$198,902-14%
Feb.797553-29%$207,417$193,646$229,89919%
March11313191-31%$188,454$204,874$214,9835%
April124155105-32%$186,470$203,055$192,547-5%
May159153146-5%$212,962$199,209$204,8883%
June1571501511%$218,264$216,551$212,265-2%
July1548615176%$204,313$229,578$239,0284%
Aug.15111313620%$212,850$219,962$235,3697%
Sept.1389212030%$231,668$217,698$216,277-1%
Oct.12010489-14%$215,546$254,123$262,4953%
Nov.11369 -100%$193,180$226,184 -100%
Dec.7975 -100%$194,620$201,375 -100%
         
Totals1,4541,2651,088-16.27%$207,249$214,909$221,0472.86%

 

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.


Share this Article with a Friend.