Noblesville Indiana Homes for Sale - Market Report November 2011
Posted by Mike Taylor on Thursday, December 15th, 2011 at 9:33am.Time to finish up Hamilton County for the November 2011 market reports with our look at the Noblesville Indiana real estate market:
2010 |
2011 |
% Change |
|
| Active | N/A |
570 |
|
| Homes Sold | 79 |
52 |
-34% |
| Average Selling Price | $170,896 |
$178,348 |
4% |
| Days on Market | 94 |
83 |
-12% |
| Price Per Square Foot | $81 |
$82 |
1% |
| Sales Price / List Price | 95% |
96% |
1% |
Our Noblesville homes for sale YTD numbers:
Number of Homes Sold |
|
Average Sales Price |
||||||
2009 |
2010 |
2011 | % Change |
2009 |
2010 |
2011 | % Change |
|
|
|
|
|
|
|
|
|||
| Jan. | 60 | 40 | 50 | 25% | $178,032 | $165,004 | $173,774 | 5% |
| Feb. | 53 | 79 | 58 | -27% | $154,611 | $179,219 | $158,860 | -11% |
| March | 87 | 109 | 68 | -38% | $152,761 | $165,550 | $167,254 | 1% |
| April | 81 | 124 | 93 | -25% | $154,879 | $170,073 | $177,989 | 5% |
| May | 91 | 129 | 105 | -19% | $156,765 | $174,792 | $195,022 | 12% |
| June | 115 | 110 | 96 | -13% | $180,518 | $187,358 | $190,528 | 2% |
| July | 104 | 71 | 76 | 7% | $189,227 | $217,593 | $189,303 | -13% |
| Aug. | 100 | 89 | 116 | 30% | $180,490 | $190,998 | $182,668 | -4% |
| Sept. | 108 | 80 | 71 | -11% | $170,742 | $164,720 | $168,678 | 2% |
| Oct. | 99 | 67 | 66 | -1% | $162,516 | $200,645 | $198,173 | -1% |
| Nov. | 99 | 79 | 52 | -34% | $158,760 | $170,896 | $178,348 | 4% |
| Dec. | #DIV/0! | |||||||
| Totals | 997 | 977 | 851 | -2.01% | $168,217 | $179,754 | $181,555 | 6.86% |
And our 3 year price graph for Noblesville:
We saw a pretty drastic decrease in sales activity for Noblesville Indiana homes for sale in November 2011 with a 34% decrease in the number of homes sold. Despite this, the average sales price actually rose 4% for the same time period. If we pull back and look at the year to date numbers, we see a more reasonable decrease of 2% in the number of homes in Noblesville sold as compared to last year while we still see an increase of 6% in the average sale price. Noblesville only has 7 month supply of homes on the market which is indicative of a healthy market. However, Noblesville is more plagued with distressed properties than any other area of Hamilton County with more than ¼ of all sales involving either foreclosures or short sales
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