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