<?xml version="1.0" encoding="UTF-8" ?>
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    <channel>
        <atom:link href="http://www.reddoorindy.com/blog/tags/fishers-real-estate/rss/" rel="self" type="application/rss+xml" />
        <title>Indianapolis Real Estate Blog</title>
        <link>http://www.reddoorindy.com/blog/tags/fishers-real-estate/</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/the-anchorage-in-fishers-hot-buy.html</guid>
            <link>http://www.reddoorindy.com/blog/the-anchorage-in-fishers-hot-buy.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>The Anchorage in Fishers - Hot Buy</title>
            <description> <![CDATA[ 
Just a quick post today to let you know about a super hot buy in The Anchorage subdivision in Fishers.&nbsp; Here is a link to the house:

&nbsp;

 

&nbsp;

10138 Summerlin Way, Fishers IN&nbsp; 46038

(coming 3/27/2012) 

This is a very good price for this home and it was recently on the market and received multiple offers in just a few days and I suspect the same will happen again.&nbsp; This home sold in 1999 for $567,000 and again 2005 for $662,000.If you are interested in view this home please call Mike Taylor at 317-362-4064 to schedule a private showing. &nbsp;
 ]]> </description>
            <pubDate>Mon, 26 Mar 2012 18:36:06 -0400</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/fishers-indiana-real-estate-market-report-february-2012.html</guid>
            <link>http://www.reddoorindy.com/blog/fishers-indiana-real-estate-market-report-february-2012.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Indiana Real Estate - Market Report February 2012</title>
            <description> <![CDATA[ 
Fishers Indiana real estate is also seeing an increase in sales activity across for 2012 vs. 2011 so far this year.  Here are the numbers for Fishers Indiana real estate for February 2012:



  
    
      
&nbsp;

      

2010


      

2011


      

% Change


    
    
      
Active

      

N/A


      

601


      




    
    
      
Homes Sold

      

56


      

70


      

25%


    
    
      
Average Selling Price

      

$226,699 


      

$208,156 


      

-8%


    
    
      
Days on Market

      

106 


      

100 


      

-6%


    
    
      
Price Per Square Foot

      

$94 


      

$88 


      

-6%


    
    
      
Sales Price / List Price 

      

96%


      

96%


      

0%


    
  




And the YTD numbers for 3 years running:



  
    
      
&nbsp;

      

Number of Homes Sold 


      



          

      

Average Sales Price 


      
&nbsp;

    
    
      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

    
    
      
&nbsp;

      

2010


      

2011


      
2012

      

% Change


      

2010


      

2011


      

2012


      

% Change


    
    
      
&nbsp;

      



          

      



          

      
&nbsp;

      



          

      



          

      



          

      
&nbsp;

      



          

    
    
      
Jan.

      

62


      

46


      

58


      

26%


      

$230,595


      

$198,902


      

$216,494


      

9%


    
    
      
Feb.

      

75


      

56


      

70


      

25%


      

$193,646


      

$226,699


      

$208,156


      

-8%


    
    
      
March

      

131


      

91


      




      

-100%


      

$204,874


      

$214,983


      




      
&nbsp;

    
    
      
April

      

155


      

105


      




      

-100%


      

$203,055


      

$192,547


      




      
&nbsp;

    
    
      
May

      

153


      

146


      




      

-100%


      

$199,209


      

$204,888


      




      
&nbsp;

    
    
      
June

      

150


      

151


      




      

-100%


      

$216,551


      

$212,265


      




      
&nbsp;

    
    
      
July

      

86


      

151


      




      

-100%


      

$229,578


      

$239,028


      




      
&nbsp;

    
    
      
Aug.

      

113


      

136


      




      

-100%


      

$219,962


      

$235,369


      




      
&nbsp;

    
    
      
Sept.

      

92


      

120


      




      

-100%


      

$217,698


      

$216,277


      




      
&nbsp;

    
    
      
Oct.

      

104


      

89


      




      

-100%


      

$254,123


      

$262,495


      




      
&nbsp;

    
    
      
Nov.

      

76


      

61


      




      

-100%


      

$227,047


      

$226,631


      




      
&nbsp;

    
    
      
Dec.

      




      




      




      

#DIV/0!


      




      




      




      
&nbsp;

    
    
      
&nbsp;

      




      




      




      




      




      




      




      
&nbsp;

    
    
      
Totals

      

1,197


      

1,152


      

128


      




      

$215,878


      

$221,210


      




      
&nbsp;

    
  



&nbsp;


  And of course our 3 year price graph:






As you can see Fishers is off to a great start in terms of number of homes sold.  We saw a 26% and 32% increase in the numbers of homes in Fishers sold in 2012.  The average sales prices is a mixed bag with a 9% increase in January and an 8% decrease in February.  Average sales price can be a bit and it more prone to fluctuations that the number of homes sold so we will have to wait for a little more date before we call this one. 


  One thing I did notice is that for some reason the number of foreclosures/short sales in the Fishers market shot up in February.  Typically, Fishers see anywhere from 10-15% of all homes sold as a result of foreclosures / short sales.  However, in February 30% of all homes sold in Fishers Indiana were a result of the distressed market.  This is something to watch very closely as they are predicting an increase in foreclosure activity since the Robo Signing debate has been settled. 


  Foreclosures aside, Fishers appears to be rebounding like the other communities we have reported on so far.  The number of homes selling appears to be steadily increasing and the market fundamentals remain strong.  The absorption rate is great at 5.59 months supply of homes currently on the market and the days on the market is down 6% over last year.  This should be a good year for Fishers real estate. 


 ]]> </description>
            <pubDate>Wed, 14 Mar 2012 06:40:17 -0400</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/fishers-real-estate-market-report-october-2011.html</guid>
            <link>http://www.reddoorindy.com/blog/fishers-real-estate-market-report-october-2011.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Real Estate - Market Report October 2011</title>
            <description> <![CDATA[ 
Time to look at the Fishers real estate market for October 2011:



  
    
      
&nbsp;

      

2010


      

2011


      

% Change


    
    
      
Active

      
N/A

      
609

      
&nbsp;

    
    
      
Homes Sold

      
104

      
89

      
-14%

    
    
      
Average Selling Price

      
$254,123 

      
$262,495 

      
3%

    
    
      
Days on Market

      
85 

      
93 

      
9%

    
    
      
Price Per Square Foot

      
$97 

      
$96 

      
-1%

    
    
      
Sales Price / List Price 

      
96%

      
96%

      
0%

    
  



&nbsp;


Along with some YTD numbers for Fishers homes for sale:



  
    
      
&nbsp;

      

Number of Homes Sold 


      



          

      

Average Sales Price 


      
&nbsp;

    
    
      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

    
    
      
&nbsp;

      

2009


      

2010


      
2011

      

% Change


      

2009


      

2010


      
2011

      

% Change


    
    
      
&nbsp;

      



          

      



          

      
&nbsp;

      



          

      



          

      



          

      
&nbsp;

      



          

    
    
      
Jan.

      
67

      
62

      
46

      
-26%

      
$205,432

      
$230,595

      
$198,902

      
-14%

    
    
      
Feb.

      
79

      
75

      
53

      
-29%

      
$207,417

      
$193,646

      
$229,899

      
19%

    
    
      
March

      
113

      
131

      
91

      
-31%

      
$188,454

      
$204,874

      
$214,983

      
5%

    
    
      
April

      
124

      
155

      
105

      
-32%

      
$186,470

      
$203,055

      
$192,547

      
-5%

    
    
      
May

      
159

      
153

      
146

      
-5%

      
$212,962

      
$199,209

      
$204,888

      
3%

    
    
      
June

      
157

      
150

      
151

      
1%

      
$218,264

      
$216,551

      
$212,265

      
-2%

    
    
      
July

      
154

      
86

      
151

      
76%

      
$204,313

      
$229,578

      
$239,028

      
4%

    
    
      
Aug.

      
151

      
113

      
136

      
20%

      
$212,850

      
$219,962

      
$235,369

      
7%

    
    
      
Sept.

      
138

      
92

      
120

      
30%

      
$231,668

      
$217,698

      
$216,277

      
-1%

    
    
      
Oct.

      
120

      
104

      
89

      
-14%

      
$215,546

      
$254,123

      
$262,495

      
3%

    
    
      
Nov.

      
113

      
69

      
&nbsp;

      
-100%

      
$193,180

      
$226,184

      
&nbsp;

      
-100%

    
    
      
Dec.

      
79

      
75

      
&nbsp;

      
-100%

      
$194,620

      
$201,375

      
&nbsp;

      
-100%

    
    
      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

    
    
      
Totals

      
1,454

      
1,265

      
1,088

      
-16.27%

      
$207,249

      
$214,909

      
$221,047

      
2.86%

    
  



&nbsp;


And our 3 year price graph:





It looks like despite a pretty significant decrease in sales activity, average sales price is actually up for the month and for the year.  A YTD average price increase is remarkable considering the market and a 16% decrease in sales activity.  Foreclosures or distressed properties make up 13% of the sales in Fishers for the month of October.  This is far less than Indianapolis but not quite as good as its neighbor Carmel to the west.  Average days on the market is still a very palatable 93 days and the price per square foot remain relatively unchanged with an average of $96 / sq. ft.  The absorption rate, or months supply of homes on the market, is reduced this month to only 5.8. 

 ]]> </description>
            <pubDate>Fri, 18 Nov 2011 09:18:24 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/fishers-indiana-homes-market-report-march-2011.html</guid>
            <link>http://www.reddoorindy.com/blog/fishers-indiana-homes-market-report-march-2011.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Indiana Homes - Market Report - March 2011</title>
            <description> <![CDATA[ 
Now that we have seen the Carmel and Indianapolis reports, time to see how Fishers Indiana homes for sale compared in March 2011.  Here is a look at the month of March in detail:



  
    
      
&nbsp;

      

2010


      

2011


      

% Change


    
    
      
Active

      

N/A


      

632


      




    
    
      
Homes Sold

      

132


      

91


      

-31%


    
    
      
Average Selling Price

      

$204,279 


      

$214,983 


      

5%


    
    
      
Days on Market

      

82 


      

87 


      

6%


    
    
      
Price Per Square Foot

      

$90 


      

$94 


      

4%


    
    
      
Sales Price / List Price 

      

96%


      

95%


      

-1%


    
  



&nbsp;


And a year to date look:



  
    
      
&nbsp;

      

Number of Homes Sold 


      



          

      

Average Sales Price 


      
&nbsp;

    
    
      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

    
    
      
&nbsp;

      

2009


      

2010


      
2011

      

% Change


      

2009


      

2010


      
2011

      

% Change


    
    
      
&nbsp;

      



          

      



          

      
&nbsp;

      



          

      



          

      



          

      
&nbsp;

      



          

    
    
      
Jan.

      

67


      

62


      

46


      

-26%


      

$205,432


      

$230,595


      

$198,902


      

-14%


    
    
      
Feb.

      

79


      

75


      

53


      

-29%


      

$207,417


      

$193,646


      

$229,899


      

19%


    
    
      
March

      

113


      

131


      

91


      

-31%


      

$188,454


      

$204,874


      

$214,983


      

5%


    
    
      
&nbsp;

      




      




      
&nbsp;

      




      




      




      
&nbsp;

      




    
  



&nbsp;


And an average sales price graph:





In Fishers, we see the more general trend for the Indianapolis area; a decrease in sales activity and an increase in average sales price.  This month in Fishers we saw a 31% decrease in the number of homes sold and a 5% increase in average sales price.  Again, the decrease in sales activity is no doubt affected by the 2010 tax credit pushing loads of extra buyers into the market last year.  It is encouraging though that we are still seeing enough demand to see a steady increase in sales price.  The absorption rate, or number of months supply of homes, stands at a very healthy 6.3 for the Fishers real estate market.  Overall, the Fishers market looks pretty strong so far this year.  The decreased sales activity is expected and the fundamentals appear to be quite solid.  I am hopefully we will see a good year in 2011 for Fishers.


&nbsp;


&nbsp;


&nbsp;


&nbsp;

 ]]> </description>
            <pubDate>Mon, 11 Apr 2011 11:34:41 -0400</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/fishers-real-estate-year-end-report-2010.html</guid>
            <link>http://www.reddoorindy.com/blog/fishers-real-estate-year-end-report-2010.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Real Estate - Year End Report 2010</title>
            <description> <![CDATA[ 
Yesterday we looked at Indianapolis, today we will be looking at how the Fishers real estate rounded out 2010.  Indianapolis had a very clear trend of decreased sales activity and increased sales price.  Fishers will continue this trend as 2010 closes out.  First lets take a look at December in detail:



  
    
      
&nbsp;

      

2009


      

2010


      

% Change


    
    
      
Active

      

N/A


      

602


      




    
    
      
Homes Sold

      

79


      

75


      

-5%


    
    
      
Average Selling Price

      

$194,620 


      

$201,375 


      

3%


    
    
      
Days on Market

      

61 


      

96 


      

57%


    
    
      
Price Per Square Foot

      

$89 


      

$89 


      

0%


    
    
      
Sales Price / List Price 

      

97%


      

96%


      

-1%


    
  



Now lets see the entire year month by month:



  
    
      
&nbsp;

      

Number of Homes Sold 


      



          

      

Average Sales Price 


      
&nbsp;

    
    
      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

    
    
      
&nbsp;

      

2009


      

2010


      

% Change


      

2009


      

2010


      

% Change


    
    
      
&nbsp;

      



          

      



          

      



          

      



          

      



          

      



          

    
    
      
Jan.

      

67


      

62


      

-7%


      

$205,432


      

$230,595


      

12%


    
    
      
Feb.

      

79


      

75


      

-5%


      

$207,417


      

$193,646


      

-7%


    
    
      
March

      

113


      

131


      

16%


      

$188,454


      

$204,874


      

9%


    
    
      
April

      

124


      

155


      

25%


      

$186,470


      

$203,055


      

9%


    
    
      
May

      

159


      

153


      

-4%


      

$212,962


      

$199,209


      

-6%


    
    
      
June

      

157


      

150


      

-4%


      

$218,264


      

$216,551


      

-1%


    
    
      
July

      

154


      

86


      

-44%


      

$204,313


      

$229,578


      

12%


    
    
      
Aug.

      

151


      

113


      

-25%


      

$212,850


      

$219,962


      

3%


    
    
      
Sept.

      

138


      

92


      

-33%


      

$231,668


      

$217,698


      

-6%


    
    
      
Oct.

      

120


      

99


      

-18%


      

$215,546


      

$254,235


      

18%


    
    
      
Nov.

      

113


      

69


      

-39%


      

$193,180


      

$226,184


      

17%


    
    
      
Dec.

      

79


      

75


      

-5%


      

$194,620


      

$201,375


      

3%


    
    
      
&nbsp;

      




      




      




      




      




      




    
    
      
Totals

      

1,454


      

1,260


      

-13.34%


      

$205,931


      

$216,414


      

5.09%


    
  



&nbsp;


And lets look at the average sales price:





&nbsp;


As you can see, the trend continues with 13% less homes selling and a 5% increase in average sales price.  One of the things I started tracking this year is the percentage of closings that involved &ldquo;distressed&rdquo; homes.  In Indianapolis that number was 36% for 2010 while in Fishers we see only 14% of all sales activity involving distressed properties.  This is a very very good thing for Fishers.  The other great news for Fishers is the absorption rate is a very balanced 5.63 months.  This means all the fundamentals of the market a actually quite strong.  All we need now is just a little more demand and the Fishers market could turn hot. 

 ]]> </description>
            <pubDate>Tue, 11 Jan 2011 08:49:12 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/first-time-home-buyer-tax-credit-fishers-and-indianapolis-2010.html</guid>
            <link>http://www.reddoorindy.com/blog/first-time-home-buyer-tax-credit-fishers-and-indianapolis-2010.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>First time home buyer tax credit Fishers and Indianapolis 2010</title>
            <description> <![CDATA[ 
I have LOTS to talk about in terms of real estate and homes for sale in the Fishers and Indianapolis area and too little time.&nbsp;&nbsp; Today, I wanted to touch base on the upcoming expiration of the first time home buyers tax credit.&nbsp;&nbsp; As you probably know, the current credit now applies to both first time home buyers and existing home owners but you must be under contract by April 30th 2010.&nbsp; Here are a few good resources with all the details of the program:

http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit

http://www.irs.gov/newsroom/article/0,,id=204671,00.htmlhttp://www.federalhousingtaxcredit.com/home.html

As we saw with the expiration of the last tax credit buyers are flooding the market and homes are selling quickly, especially the good ones.&nbsp; If you are a buyer you will be doing yourself a favor by not waiting until the last minute to get out there and start making offers on homes.&nbsp; People will procrastinate and you can stay ahead of the curve, have a better selection, and probably save money by looking now and not in 30 or 60 days.&nbsp; If you are a seller and your home falls into the under 250K range and you are even remotely thinking about selling, PUT YOUR HOUSE ON THE MARKET NOW!!&nbsp; This is the time to sell your house despite the fact we are not in summer.&nbsp; I am not sure what to expect, but a slight concern I have is a &ldquo;hangover effect&rdquo; after this newest tax credit expires. &nbsp;

If you have any plans to be in the real estate market in Indianapolis area as a buyer or a seller now is the time to act.&nbsp; Feel free to call anytime at 317-362-4064 to discuss your buying or selling needs. &nbsp;
 ]]> </description>
            <pubDate>Fri, 05 Feb 2010 08:50:36 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/fishres-indiana-foreclosures.html</guid>
            <link>http://www.reddoorindy.com/blog/fishres-indiana-foreclosures.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Indiana Foreclosures</title>
            <description> <![CDATA[ 
Since everybody is always so interested in Fishers foreclosures and Fishers Indiana short sales, I thought it might be interesting to do a side by side comparison of active, pending, and sold homes in Fishers vs. foreclosures, short sales etc.  On the left will be all Fishers homes and on the right will be all homes in Fishers that are distressed (bank owned, short sales, HUD, and VA) and the solds will be from 6/1/2009 to today:



  
    
&nbsp;

    
All Fishers Real Estate 

    
Distressed

  
  
    
# Active homes 

    
568

    
73

  
  
    
Average asking price 

    
$291,119

    
$287,381

  
  
    
Asking $/ Sq. Ft. 

    
$107

    
$91

  
  
    
# Pending homes 

    
107

    
31

  
  
    
# Sold 

    
876

    
101

  
  
    
Average Selling Price 

    
$211,893

    
$186,448

  
  
    
Selling $ / Sq. Ft. 

    
$96

    
$78

  
  
    
Sales Price / List Price 

    
97%

    
96%

  
  
    
Days on Market 

    
66

    
61

  




  There is some pretty interesting stuff in here.  It looks like of the active homes 13% are distressed, 29% of the pending are distressed and 12 % of the solds are distressed.  On average, it looks like you can save 25K by purchasing foreclosure/ short sale in Fishers.   What is also interesting is that the days on market and selling price to asking price are almost identical for both regular homes and distressed homes Fishers.  This may be counter to what you have heard but while banks do want to &ldquo;get rid of homes&rdquo; they typically price them aggressively rather than take an 80% offer on the home.   This is why we see the 96% sales price to list price.  In my experience, I have seen banks more willing to reduce the price on their own terms rather than entertain a low ball offer. 


  If you are like most buyers you will at least consider purchasing a foreclosure or short sale at some point during you house hunting for Fishers real estate.  Do yourself a favor and contact a full time Realtor with experience in this area.  We can guide through this long and sometime arduous road. 


 ]]> </description>
            <pubDate>Mon, 28 Dec 2009 16:58:16 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/brooks-chase-fishers-market-update-homes-for-sale.html</guid>
            <link>http://www.reddoorindy.com/blog/brooks-chase-fishers-market-update-homes-for-sale.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Brooks Chase Fishers | Market Update | Homes For Sale</title>
            <description> <![CDATA[ 
We will take another more in depth look at Brooks Chase in Fishers after the year end to see how one of Fishers most popular subdivisions did in 2009 but for now lets take a quick snapshot of what is going on:


-	There are 19 homes for sale in Brooks Chase right now with an average asking price of $139,958


-	There are 7 homes pending with an average price of $129,528


-	42 homes in Brooks Chase have sold this year with an average sales price of $127,727


-	The average selling price per square foot was $58


-	Average list price to sales price was 98%


-	Average days on the market for Brooks Chase was 67


Brooks Chase Fishers is one of the areas top performing subdivisions because of its location and it affordability.  After the first of the year, we will dive in a little deeper and look at the number of foreclosures and a month by month average sales price but for now we can see that things are still selling in Brooks Chase and it will remain one of Fishers best selling neighborhoods.  
Please visit our Fishers IN homes page for more info about Fishers and to find all homes for sale in Fishers.  You might also want to look at our Fishers foreclosures page if you are thinking about any bank owned homes or short sales for your next purchase.  

 ]]> </description>
            <pubDate>Thu, 24 Dec 2009 08:25:26 -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>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/fishers-real-estate-average-sales-price-2008-vs-2009.html</guid>
            <link>http://www.reddoorindy.com/blog/fishers-real-estate-average-sales-price-2008-vs-2009.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Fishers Real Estate - Average Sales Price 2008 vs. 2009</title>
            <description> <![CDATA[ 
This is just a quickie, but I since we do sell lots of Fishers real estate I wanted to post this graph I recently put together showing the average sales price for Fishers 2008 vs. 2009:

&nbsp;

&nbsp;

I am not sure one can surmise too much from this other than the average selling price is not that far off from the 2008 levels and in some cases it is higher.&nbsp; Lets hope the last few months of the first time home buyer tax credit will help the Fishers real estate market finish strong.&nbsp;&nbsp; &nbsp;
 ]]> </description>
            <pubDate>Tue, 25 Aug 2009 15:50:28 -0400</pubDate>
                    </item>
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