Geist Waterfront Homes | Year End Report

Posted by Mike Taylor on Monday, February 23rd, 2009 at 8:22am

Here is a look at the yearend numbers for Geist waterfront homes for 2007 vs. 2008:

 
2007
2008
% Change
Active
N/A
37
Homes Sold
21
17
-19%
High Selling Price
$1,375,000
$2,000,000
45%
Low Selling Price
$384,700
$300,000
-22%
Average Selling Price
$752,540
$882,234
17%
Days on Market
67
133
99%
Price Per Square Foot
$243
$239
-2%

Despite 19% fewer Geist waterfront homes selling, we still saw a 17% increase in the average sales from 2008 vs. 2007. This number was inevitably help out a little because the highest priced home sold in 2008 on Geist was $2,000,000 compared to 1.375M in 2007. This one sale alone raises the average more than 35K per home sold in 2008. However, even considering this home the average sales price in 2008 is still above the 2007 averages for waterfront homes sold on Geist. The average days on the market almost doubled in 2008 compared to 2007.

Waterfront Homes For Sale On Geist

Here is a look at what is currently on the market:

2008
Active
37
High Asking Price
$3,740,000
Low Asking Price
$474,900
Average Asking Price
$1,403,459
Days on Market
189
Price Per Square Foot
$301

 

 

Visit our waterfront Geist homes for sale page to see a complete list of homes for sale on the water. You can also see our Geist real estate page for all homes for sale in the Geist area and you may want to visit our Fishers Indiana real estate page as well.