<?xml version="1.0" encoding="UTF-8" ?>
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    <channel>
        <atom:link href="http://www.reddoorindy.com/blog/fishers-real-estate/rss/" rel="self" type="application/rss+xml" />
        <title>Indianapolis Real Estate Blog</title>
        <link>http://www.reddoorindy.com/blog/fishers-real-estate/</link>
        <description>A local Indianapolis real estate blog by Red Door Real Estate keeping you up to date on all Indianapolis and surrounding areas real estate news.</description>
        <item>
            <guid>http://www.reddoorindy.com/blog/the-anchorage-in-fishers-hot-buy.html</guid>
            <link>http://www.reddoorindy.com/blog/the-anchorage-in-fishers-hot-buy.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>The Anchorage in Fishers - Hot Buy</title>
            <description> <![CDATA[ 
Just a quick post today to let you know about a super hot buy in The Anchorage subdivision in Fishers.&nbsp; Here is a link to the house:

&nbsp;

 

&nbsp;

10138 Summerlin Way, Fishers IN&nbsp; 46038

(coming 3/27/2012) 

This is a very good price for this home and it was recently on the market and received multiple offers in just a few days and I suspect the same will happen again.&nbsp; This home sold in 1999 for $567,000 and again 2005 for $662,000.If you are interested in view this home please call Mike Taylor at 317-362-4064 to schedule a private showing. &nbsp;
 ]]> </description>
            <pubDate>Mon, 26 Mar 2012 18:36:06 -0400</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/fishers-indiana-real-estate-market-report-february-2012.html</guid>
            <link>http://www.reddoorindy.com/blog/fishers-indiana-real-estate-market-report-february-2012.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Indiana Real Estate - Market Report February 2012</title>
            <description> <![CDATA[ 
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:



  
    
      
&nbsp;

      

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:



  
    
      
&nbsp;

      

Number of Homes Sold 


      



          

      

Average Sales Price 


      
&nbsp;

    
    
      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

    
    
      
&nbsp;

      

2010


      

2011


      
2012

      

% Change


      

2010


      

2011


      

2012


      

% Change


    
    
      
&nbsp;

      



          

      



          

      
&nbsp;

      



          

      



          

      



          

      
&nbsp;

      



          

    
    
      
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


      




      
&nbsp;

    
    
      
April

      

155


      

105


      




      

-100%


      

$203,055


      

$192,547


      




      
&nbsp;

    
    
      
May

      

153


      

146


      




      

-100%


      

$199,209


      

$204,888


      




      
&nbsp;

    
    
      
June

      

150


      

151


      




      

-100%


      

$216,551


      

$212,265


      




      
&nbsp;

    
    
      
July

      

86


      

151


      




      

-100%


      

$229,578


      

$239,028


      




      
&nbsp;

    
    
      
Aug.

      

113


      

136


      




      

-100%


      

$219,962


      

$235,369


      




      
&nbsp;

    
    
      
Sept.

      

92


      

120


      




      

-100%


      

$217,698


      

$216,277


      




      
&nbsp;

    
    
      
Oct.

      

104


      

89


      




      

-100%


      

$254,123


      

$262,495


      




      
&nbsp;

    
    
      
Nov.

      

76


      

61


      




      

-100%


      

$227,047


      

$226,631


      




      
&nbsp;

    
    
      
Dec.

      




      




      




      

#DIV/0!


      




      




      




      
&nbsp;

    
    
      
&nbsp;

      




      




      




      




      




      




      




      
&nbsp;

    
    
      
Totals

      

1,197


      

1,152


      

128


      




      

$215,878


      

$221,210


      




      
&nbsp;

    
  



&nbsp;


  And of course our 3 year price graph:






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 months 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. 


 ]]> </description>
            <pubDate>Wed, 14 Mar 2012 06:40:17 -0400</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/fishers-indiana-homes-for-sale-market-report-november-2011.html</guid>
            <link>http://www.reddoorindy.com/blog/fishers-indiana-homes-for-sale-market-report-november-2011.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Indiana Homes for Sale - Market Report November 2011</title>
            <description> <![CDATA[ 
Time to update our Fishers Indiana homes for sale market report for November 2011:



  
    
      
&nbsp;

      

2010


      

2011


      

% Change


    
    
      
Active

      
N/A

      
571

      


    
    
      
Homes Sold

      
76

      
61

      
-20%

    
    
      
Average Selling Price

      
$227,047 

      
$226,631 

      
0%

    
    
      
Days on Market

      
95 

      
111 

      
17%

    
    
      
Price Per Square Foot

      
$94 

      
$93 

      
-1%

    
    
      
Sales Price / List Price 

      
96%

      
96%

      
0%

    
  




As always some YTD perspective:



  
    
      
&nbsp;

      

Number of Homes Sold 


      



          

      

Average Sales Price 


      
&nbsp;

    
    
      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

    
    
      
&nbsp;

      

2009


      

2010


      
2011

      

% Change


      

2009


      

2010


      
2011

      

% Change


    
    
      
&nbsp;

      



          

      



          

      
&nbsp;

      



          

      



          

      



          

      
&nbsp;

      



          

    
    
      
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

      
76

      
61

      
-20%

      
$193,180

      
$227,047

      
$226,631

      
0%

    
    
      
Dec.

      


      


      


      
#DIV/0!

      


      


      


      
#DIV/0!

    
    
      


      


      


      


      


      


      


      


      


    
    
      
Totals

      
1,375

      
1,197

      
1,149

      
-4.18%

      
$207,975

      
$215,878

      
$221,344

      
2.53%

    
  




And the 3 year price graph for Fishers real estate:






  November ended up being sort of a good news, bad news type month for the Fishers Indiana real estate market.  The number of homes sold in Fishers is off by a pretty significant 20% but the average sales price is relatively unchanged for the month.  If you pull back and look at the YTD stats, the picture actually looks even better: the number of homes sold is only 4% for the year and average sales price is actually up 2.5% over last year for Fishers Indiana homes.  The fundamentals are strong too for the Fishers market with a very reasonable absorption rate of 5.5 and only 14% of the homes being &ldquo;distressed&rdquo; Fishers is positioned just fine for the time being.

 ]]> </description>
            <pubDate>Fri, 09 Dec 2011 07:21:31 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/fishers-real-estate-market-report-october-2011.html</guid>
            <link>http://www.reddoorindy.com/blog/fishers-real-estate-market-report-october-2011.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Real Estate - Market Report October 2011</title>
            <description> <![CDATA[ 
Time to look at the Fishers real estate market for October 2011:



  
    
      
&nbsp;

      

2010


      

2011


      

% Change


    
    
      
Active

      
N/A

      
609

      
&nbsp;

    
    
      
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%

    
  



&nbsp;


Along with some YTD numbers for Fishers homes for sale:



  
    
      
&nbsp;

      

Number of Homes Sold 


      



          

      

Average Sales Price 


      
&nbsp;

    
    
      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

    
    
      
&nbsp;

      

2009


      

2010


      
2011

      

% Change


      

2009


      

2010


      
2011

      

% Change


    
    
      
&nbsp;

      



          

      



          

      
&nbsp;

      



          

      



          

      



          

      
&nbsp;

      



          

    
    
      
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

      
&nbsp;

      
-100%

      
$193,180

      
$226,184

      
&nbsp;

      
-100%

    
    
      
Dec.

      
79

      
75

      
&nbsp;

      
-100%

      
$194,620

      
$201,375

      
&nbsp;

      
-100%

    
    
      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

    
    
      
Totals

      
1,454

      
1,265

      
1,088

      
-16.27%

      
$207,249

      
$214,909

      
$221,047

      
2.86%

    
  



&nbsp;


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. 

 ]]> </description>
            <pubDate>Fri, 18 Nov 2011 09:18:24 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/fishers-indiana-homes-market-report-march-2011.html</guid>
            <link>http://www.reddoorindy.com/blog/fishers-indiana-homes-market-report-march-2011.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Indiana Homes - Market Report - March 2011</title>
            <description> <![CDATA[ 
Now that we have seen the Carmel and Indianapolis reports, time to see how Fishers Indiana homes for sale compared in March 2011.  Here is a look at the month of March in detail:



  
    
      
&nbsp;

      

2010


      

2011


      

% Change


    
    
      
Active

      

N/A


      

632


      




    
    
      
Homes Sold

      

132


      

91


      

-31%


    
    
      
Average Selling Price

      

$204,279 


      

$214,983 


      

5%


    
    
      
Days on Market

      

82 


      

87 


      

6%


    
    
      
Price Per Square Foot

      

$90 


      

$94 


      

4%


    
    
      
Sales Price / List Price 

      

96%


      

95%


      

-1%


    
  



&nbsp;


And a year to date look:



  
    
      
&nbsp;

      

Number of Homes Sold 


      



          

      

Average Sales Price 


      
&nbsp;

    
    
      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

    
    
      
&nbsp;

      

2009


      

2010


      
2011

      

% Change


      

2009


      

2010


      
2011

      

% Change


    
    
      
&nbsp;

      



          

      



          

      
&nbsp;

      



          

      



          

      



          

      
&nbsp;

      



          

    
    
      
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%


    
    
      
&nbsp;

      




      




      
&nbsp;

      




      




      




      
&nbsp;

      




    
  



&nbsp;


And an average sales price graph:





In Fishers, we see the more general trend for the Indianapolis area; a decrease in sales activity and an increase in average sales price.  This month in Fishers we saw a 31% decrease in the number of homes sold and a 5% increase in average sales price.  Again, the decrease in sales activity is no doubt affected by the 2010 tax credit pushing loads of extra buyers into the market last year.  It is encouraging though that we are still seeing enough demand to see a steady increase in sales price.  The absorption rate, or number of months supply of homes, stands at a very healthy 6.3 for the Fishers real estate market.  Overall, the Fishers market looks pretty strong so far this year.  The decreased sales activity is expected and the fundamentals appear to be quite solid.  I am hopefully we will see a good year in 2011 for Fishers.


&nbsp;


&nbsp;


&nbsp;


&nbsp;

 ]]> </description>
            <pubDate>Mon, 11 Apr 2011 11:34:41 -0400</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/fishers-real-estate-year-end-report-2010.html</guid>
            <link>http://www.reddoorindy.com/blog/fishers-real-estate-year-end-report-2010.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Real Estate - Year End Report 2010</title>
            <description> <![CDATA[ 
Yesterday we looked at Indianapolis, today we will be looking at how the Fishers real estate rounded out 2010.  Indianapolis had a very clear trend of decreased sales activity and increased sales price.  Fishers will continue this trend as 2010 closes out.  First lets take a look at December in detail:



  
    
      
&nbsp;

      

2009


      

2010


      

% Change


    
    
      
Active

      

N/A


      

602


      




    
    
      
Homes Sold

      

79


      

75


      

-5%


    
    
      
Average Selling Price

      

$194,620 


      

$201,375 


      

3%


    
    
      
Days on Market

      

61 


      

96 


      

57%


    
    
      
Price Per Square Foot

      

$89 


      

$89 


      

0%


    
    
      
Sales Price / List Price 

      

97%


      

96%


      

-1%


    
  



Now lets see the entire year month by month:



  
    
      
&nbsp;

      

Number of Homes Sold 


      



          

      

Average Sales Price 


      
&nbsp;

    
    
      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

    
    
      
&nbsp;

      

2009


      

2010


      

% Change


      

2009


      

2010


      

% Change


    
    
      
&nbsp;

      



          

      



          

      



          

      



          

      



          

      



          

    
    
      
Jan.

      

67


      

62


      

-7%


      

$205,432


      

$230,595


      

12%


    
    
      
Feb.

      

79


      

75


      

-5%


      

$207,417


      

$193,646


      

-7%


    
    
      
March

      

113


      

131


      

16%


      

$188,454


      

$204,874


      

9%


    
    
      
April

      

124


      

155


      

25%


      

$186,470


      

$203,055


      

9%


    
    
      
May

      

159


      

153


      

-4%


      

$212,962


      

$199,209


      

-6%


    
    
      
June

      

157


      

150


      

-4%


      

$218,264


      

$216,551


      

-1%


    
    
      
July

      

154


      

86


      

-44%


      

$204,313


      

$229,578


      

12%


    
    
      
Aug.

      

151


      

113


      

-25%


      

$212,850


      

$219,962


      

3%


    
    
      
Sept.

      

138


      

92


      

-33%


      

$231,668


      

$217,698


      

-6%


    
    
      
Oct.

      

120


      

99


      

-18%


      

$215,546


      

$254,235


      

18%


    
    
      
Nov.

      

113


      

69


      

-39%


      

$193,180


      

$226,184


      

17%


    
    
      
Dec.

      

79


      

75


      

-5%


      

$194,620


      

$201,375


      

3%


    
    
      
&nbsp;

      




      




      




      




      




      




    
    
      
Totals

      

1,454


      

1,260


      

-13.34%


      

$205,931


      

$216,414


      

5.09%


    
  



&nbsp;


And lets look at the average sales price:





&nbsp;


As you can see, the trend continues with 13% less homes selling and a 5% increase in average sales price.  One of the things I started tracking this year is the percentage of closings that involved &ldquo;distressed&rdquo; homes.  In Indianapolis that number was 36% for 2010 while in Fishers we see only 14% of all sales activity involving distressed properties.  This is a very very good thing for Fishers.  The other great news for Fishers is the absorption rate is a very balanced 5.63 months.  This means all the fundamentals of the market a actually quite strong.  All we need now is just a little more demand and the Fishers market could turn hot. 

 ]]> </description>
            <pubDate>Tue, 11 Jan 2011 08:49:12 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/indianapolis-short-sales-explained.html</guid>
            <link>http://www.reddoorindy.com/blog/indianapolis-short-sales-explained.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Indianapolis Short Sales Explained</title>
            <description> <![CDATA[ 
I am finally writing the most overdue blog post EVER, the long winded answer to the question I probably get asked most often: What is a short sale?&nbsp; Quite simply, a short sale is when the owner of a property owes more than the house is worth and they ask the bank to accept an offer less than this amount in lieu of going to foreclosure.&nbsp; For example, a seller has a houses listed for $100,000 and they owe $125,000 on the mortgage.&nbsp; They receive an offer from a prospective buyer for $90,000 and ask the bank to take a loss of $35,000 instead of taking the home to foreclosure, re-listing it, and selling it themselves.&nbsp; Sometimes it works and sometimes it does not. &nbsp;

Now, the gory details.&nbsp; If you are the buyer or potential buyer of a short sale you MUST know what you are getting into or you are setting yourself up for a very frustrating experience.&nbsp; I usually tell people, depending on any number of variables it can take anywhere from 2  10 months to close on a short sale from the time you make your original offer.&nbsp; Why so long and why such a huge difference?&nbsp; Every deal, bank, and asset manager is annoyingly unique and each has their own idiosyncrasies that can greatly affect the amount of time it takes to close a deal.&nbsp; Here are just a few variables that can affect the time frame of the short sale:

-&nbsp;&nbsp; &nbsp;Is there one mortgage or are there two?-&nbsp;&nbsp; &nbsp;If two, are they with the same bank?-&nbsp;&nbsp; &nbsp;Is there a PMI company involved?-&nbsp;&nbsp; &nbsp;Is this a FHA loan or conventional loan?-&nbsp;&nbsp; &nbsp;Are you the first offer to be submitted?-&nbsp;&nbsp; &nbsp;Do you have a negotiator?-&nbsp;&nbsp; &nbsp;Who is the bank?-&nbsp;&nbsp; &nbsp;Is the listing agent experienced with short sales?-&nbsp;&nbsp; &nbsp;Is the asset manager in a bad mood? 

The list goes on and on and on.&nbsp;&nbsp; As you see, the amount of variables that affect the short sale process are mind boggling.&nbsp; One of the most frustrating parts of dealing with the short sale is the absolute uncertainty and lack of answers.&nbsp; Once you submit your offer, it could take weeks or even months for the bank to respond to you.&nbsp; All the while you have no idea what is happening or even if they will consider your offer.&nbsp;&nbsp; Assuming you get through this process and agree upon a price, the next process of getting from contract to the closing table can be and usually is excruciatingly s-l-o-w with little or no updates along the way.&nbsp; Eventually you can close on the short sale, but you must know what you are getting yourself into and be very flexible with your timeline in order to make a short sale purchase a success. &nbsp;

The importance of having an agent on your side that has experience with and understands how to best navigate through this sea of red tape cannot be underestimated.&nbsp; We at Red Door, unfortunately:), work with tons of buyers and sellers in short sale situations and can help you through the process.&nbsp;&nbsp; Contact us at 317-733-3667 or submit or contact form to discuss short sales in Indianapolis further. &nbsp;
 ]]> </description>
            <pubDate>Tue, 19 Oct 2010 14:13:24 -0400</pubDate>
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            <guid>http://www.reddoorindy.com/blog/fishers-real-estate-report-july-2010.html</guid>
            <link>http://www.reddoorindy.com/blog/fishers-real-estate-report-july-2010.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Real Estate Report - July 2010</title>
            <description> <![CDATA[ 

  As expected, the tax credit hangover has officially affected the Fishers real estate numbers in a big way.  Here are the YTD stats for all homes for sale in Fishers:



  
    
      
&nbsp;

      

Number of Homes Sold 


      



          

      

Average Sales Price 


      
&nbsp;

    
    
      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

    
    
      
&nbsp;

      

2009


      

2010


      

% Change


      

2009


      

2010


      

% Change


    
    
      
&nbsp;

      



          

      



          

      



          

      



          

      



          

      



          

    
    
      
Jan.

      

67


      

62


      

-7%


      

$205,432


      

$230,595


      

12%


    
    
      
Feb.

      

79


      

75


      

-5%


      

$207,417


      

$193,646


      

-7%


    
    
      
March

      

113


      

131


      

16%


      

$188,454


      

$204,874


      

9%


    
    
      
April

      

124


      

155


      

25%


      

$186,470


      

$203,055


      

9%


    
    
      
May

      

159


      

153


      

-4%


      

$212,962


      

$199,209


      

-6%


    
    
      
June

      

157


      

150


      

-4%


      

$218,264


      

$216,551


      

-1%


    
    
      
July

      

154


      

86


      

-44%


      

$204,313


      

$229,578


      

12%


    
    
      
Aug.

      




      




      




      




      




      




    
    
      
Sept.

      




      




      




      




      




      




    
    
      
Oct.

      




      




      




      




      




      




    
    
      
Nov.

      




      




      




      




      




      




    
    
      
Dec.

      




      




      




      




      




      




    
    
      
&nbsp;

      




      




      




      




      




      




    
    
      
Totals

      

853


      

812


      

-4.81%


      

$203,330


      

$211,073


      

3.81%


    
  




You will notice July saw a 44% decrease in the number of homes sold as compared to last year.  The average sales price is actually up 12% over last year and up 4% YTD which is great news.  Here is a graph looking at the average sales price for 2009 vs. 2010:



&nbsp;


&nbsp;


  What is not great news is that this represents the 3rd straight month of declines in the number of homes sold.  One of the things I started tracking this year is the number of &ldquo;distressed&rdquo; homes that are selling as a percentage of the total sales.  This month, Fishers has 13 distressed properties sell which represents 15% of the total sales.  Fishers short sales and Fishers Indiana foreclosures are making up more of the market this year than last so far. 


  The average price per square foot was $96 and the average list price to sales price was 97% for July 2010.  It will be interesting to see how these numbers play out the rest of the year.  I would hazard a guess to say we are going to see a few more months of declines due to the tax credit and then we should see the market start to normalize. 


  If you have any questions about Fishers real estate, please feel free to call me at 317-362-4064 or email me anytime. 

 ]]> </description>
            <pubDate>Wed, 11 Aug 2010 11:49:58 -0400</pubDate>
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            <guid>http://www.reddoorindy.com/blog/fishers-named-8th-best-place-to-live-in-the-us-by-cnn-money.html</guid>
            <link>http://www.reddoorindy.com/blog/fishers-named-8th-best-place-to-live-in-the-us-by-cnn-money.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Named 8th Best Place to Live in the US by CNN Money</title>
            <description> <![CDATA[ 
Get ready to pile another national accolade touting Fishers as one of the best places to live in 2010.&nbsp; CNN Money has named Fishers Indiana the 8th best place to live in the US in their list of best small cities.&nbsp; This is just another notch in the belt for Fishers which is constantly being recognized as one of the premier place to live, work, and raise a family in the US.&nbsp; And why not?&nbsp; Fishers boasts incredibly affordable homes, sensational schools, a great sense of community, and an amazingly family friendly atmosphere. 

The CNN article has some good stats about Fishers in general so I thougt I would post a few more details about Fishers homes:

-&nbsp;&nbsp; &nbsp;There are currently 737 Fishers homes on the market -&nbsp;&nbsp; &nbsp;The average asking price is $288,951-&nbsp;&nbsp; &nbsp;747 homes have sold since 1/1/2010-&nbsp;&nbsp; &nbsp;Average selling price in 2010 is $209,351-&nbsp;&nbsp; &nbsp;Average selling price to listing price is 97%-&nbsp;&nbsp; &nbsp;There are 123 homes pending 

Search Fishers real estateFishers foreclosuresFishers short sales 
 ]]> </description>
            <pubDate>Wed, 14 Jul 2010 16:29:56 -0400</pubDate>
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            <guid>http://www.reddoorindy.com/blog/fishers-subdivisions-with-community-pools.html</guid>
            <link>http://www.reddoorindy.com/blog/fishers-subdivisions-with-community-pools.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Subdivisions with Community Pools</title>
            <description> <![CDATA[ 
I hear this a ton when working with buyers looking for homes in Fishers&hellip;What neighborhoods or subdivisions in Fishers offer a community pool?  Well, now you have you answer.  Here is the list of subdivisions that offer community pools in Fishers Indiana with links to homes for sale on the market in those neighborhoods:

&nbsp;

&nbsp;


  Anderson Hall


  Auburn Springs


  Avalon


  Britton Falls


  Burberry Place


  Conner Creek


  Country Fields at Fishers


  Covington Estates


  Limestone Springs


 Meadow Brook


 Middleton Place


 Muir Woods


 North Point


 Oak Hall


 Plantana  


Pleasant View


 Rolling Knoll


 Rosewood


  Royalwood


  Sandstone Lakes


  Saxony


  Sedona


  Somerset


  South Avalon


  Sunblest Farms


  Tanglewood


  The Bristols


  Thorpe Creek


  Waterford Gardens


If you are thinking about purchasing or selling or a home in one of the communities, please call me anytime at 317-362-4064.



 ]]> </description>
            <pubDate>Tue, 16 Feb 2010 08:28:48 -0500</pubDate>
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