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        <atom:link href="http://www.reddoorindy.com/blog/tags/fishers-in-homes/rss/" rel="self" type="application/rss+xml" />
        <title>Indianapolis Real Estate Blog</title>
        <link>http://www.reddoorindy.com/blog/tags/fishers-in-homes/</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/fishers-real-estate-end-of-year-report-2009.html</guid>
            <link>http://www.reddoorindy.com/blog/fishers-real-estate-end-of-year-report-2009.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Real Estate - End of Year Report 2009</title>
            <description> <![CDATA[ 

  It time to look back at the Fishers real estate market and see how it compared to 2008.  First though, lets take a look at the month of December:




  
  
    
      
&nbsp;

      

2008


      

2009


      

% Change


    
    
      
Active

      

N/A


      

544


      




    
    
      
Homes Sold

      

92


      

75


      

-18%


    
    
      
Average Selling Price

      

$212,469 


      

$204,072 


      

-4%


    
    
      
Days on Market

      

85 


      

59 


      

-31%


    
    
      
Price Per Square Foot

      

$91 


      

$90 


      

-1%


    
    
      
Sales Price / List Price 

      

94%


      

97%


      

3%


    
  




Now for the year end info for Fishers homes:



  
    
&nbsp;

    

Number of Homes Sold 


    




    

Average Sales Price 


    
&nbsp;

  
  
    
&nbsp;

    
&nbsp;

    
&nbsp;

    
&nbsp;

    
&nbsp;

    
&nbsp;

    
&nbsp;

  
  
    
&nbsp;

    

2008


    

2009


    

% Change


    

2008


    

2009


    

% Change


  
  
    
&nbsp;

    




    




    




    




    




    




  
  
    
Jan.

    

69


    

67


    

-2.90%


    

$216,714


    

$205,432


    

-5.21%


  
  
    
Feb.

    

86


    

79


    

-8.14%


    

$213,481


    

$207,417


    

-2.84%


  
  
    
March

    

129


    

106


    

-17.83%


    

$214,817


    

$183,270


    

-14.69%


  
  
    
April

    

117


    

120


    

2.56%


    

$228,846


    

$187,131


    

-18.23%


  
  
    
May

    

161


    

147


    

-8.70%


    

$202,926


    

$212,985


    

4.96%


  
  
    
June

    

153


    

152


    

-0.65%


    

$212,484


    

$218,474


    

2.82%


  
  
    
July

    

167


    

133


    

-20.36%


    

$223,644


    

$203,758


    

-8.89%


  
  
    
Aug.

    

177


    

145


    

-18.08%


    

$210,777


    

$206,423


    

-2.07%


  
  
    
Sept.

    

155


    

115


    

-25.81%


    

$223,056


    

$236,620


    

6.08%


  
  
    
Oct.

    

102


    

98


    

-3.92%


    

$226,175


    

$217,582


    

-3.80%


  
  
    
Nov.

    

73


    

100


    

36.99%


    

$208,846


    

$194,448


    

-6.89%


  
  
    
Dec.

    

92


    

75


    

-18.48%


    

$212,469


    

$204,072


    

-3.95%


  
  
    
&nbsp;

    




    




    




    




    




    




  
  
    
Totals

    

1,481


    

1,337


    

-9.72%


    

$216,186


    

$206,468


    

-4.50%


  



&nbsp;

&nbsp;

And my average sales price by month for sold homes in Fishers IN graph:

&nbsp;


&nbsp;


&nbsp;

So, all in all we saw a 10% decrease in the average sales price and a 4.5% decrease in the average sales price for 2009 vs. 2008.  Of course it is never good to see negative numbers in these categories especially the average sales price, but considering the housing market and the overall economy I think Fishers actually weathered the storm quite nicely. 


thing that has me quite optimistic about the Fishers market for 2010 is the absorption rate, or number of months supply of homes on the market, is at its lowest point in December with a very manageable 4.52.  We should see an increase in sales activity as the newest tax credit expiration gets closer and closer.  Last time this did not translate into a higher sales price, so we will have to see what happens this time around.  Overall the fundamentals are very strong in Fishers and the demand for affordable homes in a great family friendly environment is still quite strong.


&nbsp;

Please visit our Fishers real estate page for more information or our Fishers foreclosures page.

 ]]> </description>
            <pubDate>Mon, 11 Jan 2010 15:03:44 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/fishers-indiana-market-update-november.html</guid>
            <link>http://www.reddoorindy.com/blog/fishers-indiana-market-update-november.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Indiana Market Update - November</title>
            <description> <![CDATA[ 

Here are the number for Fishers IN homes that sold in November 2009:



  
  
  
  
    
      
&nbsp;

      

2008


      

2009


      

% Change


    
    
      
Active

      

N/A


      

593


      




    
    
      
Homes Sold

      

73


      

100


      

37%


    
    
      
Average Selling Price

      

$208,846 


      

$194,448 


      

-7%


    
    
      
Days on Market

      

84 


      

66 


      

-21%


    
    
      
Price Per Square Foot

      

$91 


      

$94 


      

3%


    
    
      
Sales Price / List Price 

      

96%


      

97%


      

1%


    
  




As always I like to include YTD numbers for some perspective:



  
    
&nbsp;

    

Number of Homes Sold 


    




    

Average Sales Price 


    
&nbsp;

  
  
    
&nbsp;

    
&nbsp;

    
&nbsp;

    
&nbsp;

    
&nbsp;

    
&nbsp;

    
&nbsp;

  
  
    
&nbsp;

    

2008


    

2009


    

% Change


    

2008


    

2009


    

% Change


  
  
    
&nbsp;

    




    




    




    




    




    




  
  
    
Jan.

    
69

    
67

    
-2.90%

    
$216,714

    
$205,432

    
-5.21%

  
  
    
Feb.

    
86

    
79

    
-8.14%

    
$213,481

    
$207,417

    
-2.84%

  
  
    
March

    
129

    
106

    
-17.83%

    
$214,817

    
$183,270

    
-14.69%

  
  
    
April

    
117

    
120

    
2.56%

    
$228,846

    
$187,131

    
-18.23%

  
  
    
May

    
161

    
147

    
-8.70%

    
$202,926

    
$212,985

    
4.96%

  
  
    
June

    
153

    
152

    
-0.65%

    
$212,484

    
$218,474

    
2.82%

  
  
    
July

    
167

    
133

    
-20.36%

    
$223,644

    
$203,758

    
-8.89%

  
  
    
Aug.

    
177

    
145

    
-18.08%

    
$210,777

    
$206,423

    
-2.07%

  
  
    
Sept.

    
155

    
115

    
-25.81%

    
$223,056

    
$236,620

    
6.08%

  
  
    
Oct.

    
102

    
98

    
-3.92%

    
$226,175

    
$217,582

    
-3.80%

  
  
    
Nov.

    
73

    
100

    
36.99%

    
$208,846

    
$194,448

    
-6.89%

  
  
    
Dec.

    
&nbsp;

    
&nbsp;

    
&nbsp;

    
&nbsp;

    
&nbsp;

    
&nbsp;

  
  
    
&nbsp;

    
&nbsp;

    
&nbsp;

    
&nbsp;

    
&nbsp;

    
&nbsp;

    
&nbsp;

  
  
    
Totals

    
1,389

    
1,262

    
-9.14%

    
$216,524

    
$206,685

    
-4.54%

  




And a graph to help visualize things:

&nbsp;



As expected with the then impending tax credit expiration, we see a big jump in the number of homes sold in Fishers for November.  The average sales price does not jump as a result of this however.  This might be explained away because the first time home buyers are purchasing the less expensive homes but I cannot say for sure.  What I can say for sure is that inventory in Fishers Indiana is LOW!  The absorption rate, or number of months supply of homes, is at a crazy low 4.92.  Technically this puts Fishers into a sellers market believe it or not.  Lets not pop the champagne yet though.  This tax credit is creating a false increase in activity and we need to watch as the market progresses over the next few months. 


  Be sure to visit our Fishers real estate website for more information or you might also be interested in Sunblest Farms Fishers or perhaps Brooks Chase Fishers.

 ]]> </description>
            <pubDate>Mon, 14 Dec 2009 16:59:05 -0500</pubDate>
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