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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.60405025%$178,032$165,004$173,7745%
Feb.537958-27%$154,611$179,219$158,860-11%
March8710968-38%$152,761$165,550$167,2541%
April8112493-25%$154,879$170,073$177,9895%
May91129105-19%$156,765$174,792$195,02212%
June11511096-13%$180,518$187,358$190,5282%
July10471767%$189,227$217,593$189,303-13%
Aug.1008911630%$180,490$190,998$182,668-4%
Sept.1088071-11%$170,742$164,720$168,6782%
Oct.996766-1%$162,516$200,645$198,173-1%
Nov.997952-34%$158,760$170,896$178,3484%
Dec.#DIV/0!
Totals997977851-2.01%$168,217$179,754$181,5556.86%


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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