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        <atom:link href="http://www.reddoorindy.com/blog/tags/westfield-indiana-homes-for-sale/rss" rel="self" type="application/rss+xml" />
        <title>Indianapolis Real Estate Blog</title>
        <link>http://www.reddoorindy.com/blog/tags/westfield-indiana-homes-for-sale/</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>
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            <guid>http://www.reddoorindy.com/blog/westfield-indiana-homes-for-sale-market-report-february-2012.html</guid>
            <link>http://www.reddoorindy.com/blog/westfield-indiana-homes-for-sale-market-report-february-2012.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Westfield Indiana Homes for Sale - Market Report February 2012</title>
            <description> <![CDATA[ 
Today we are going to look at the how Westfield Indiana homes for sale are selling for the first couple of months of 2012.  Here are some detailed numbers for the Westfield Indiana real estate market for February 2012:



  
    
      
&nbsp;

      

2011


      

2012


      

% Change


    
    
      
Active

      

N/A


      

200


      




    
    
      
Homes Sold

      

19


      

25


      

32%


    
    
      
Average Selling Price

      

$199,814 


      

$192,768 


      

-4%


    
    
      
Days on Market

      

115 


      

92 


      

-20%


    
    
      
Price Per Square Foot

      

$91 


      

$90 


      

-1%


    
    
      
Sales Price / List Price 

      

94%


      

96%


      

2%


    
  



&nbsp;


And our YTD numbers:



  
    
      
&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.

      

17


      

19


      

24


      

26%


      
$217,463

      
$234,039

      
$177,231

      
-24%

    
    
      
Feb.

      

23


      

19


      

25


      

32%


      
$250,901

      
$199,813

      
$192,768

      
-4%

    
    
      
March

      

41


      

34


      




      

-100%


      
$214,250

      
$227,317

      
&nbsp;

      
-100%

    
    
      
April

      

50


      

41


      




      

-100%


      
$218,450

      
$209,291

      
&nbsp;

      
-100%

    
    
      
May

      

41


      

42


      




      

-100%


      
$216,181

      
$168,219

      
&nbsp;

      
-100%

    
    
      
June

      

47


      

43


      




      

-100%


      
$260,125

      
$204,417

      
&nbsp;

      
-100%

    
    
      
July

      

36


      

36


      




      

-100%


      
$265,700

      
$238,390

      
&nbsp;

      
-100%

    
    
      
Aug.

      

29


      

47


      




      

-100%


      
$249,708

      
$222,001

      
&nbsp;

      
-100%

    
    
      
Sept.

      

23


      

33


      




      

-100%


      
$227,573

      
$210,633

      
&nbsp;

      
-100%

    
    
      
Oct.

      

31


      

31


      




      

-100%


      
$226,076

      
$247,539

      
&nbsp;

      
-100%

    
    
      
Nov.

      

27


      

27


      




      

-100%


      
$261,162

      
$219,141

      
&nbsp;

      
-100%

    
    
      
Dec.

      




      




      




      




      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

    
    
      
&nbsp;

      




      




      




      




      
&nbsp;

      
&nbsp;

      
&nbsp;

      
&nbsp;

    
    
      
Totals

      

365


      

372


      

49


      

1.88%


      
$236,614

      
$214,961

      
&nbsp;

      
-9.15%

    
  



&nbsp;


And our 4 year price chart:





&nbsp;


As you see the Westfield Indiana homes market is really on an uptick for the first two months of 2012 with a 26% increase and a 32% increase in the number of homes sold for January and February.  Unfortunately, the average sales price doesnt reflect the apparent increase in demand but that could be explained by any number of things including a very small sample size for the first two months. 


  The number of foreclosures is a bit concerning and something to watch as the year progresses.  We saw 29% and 20% of all sales for Westfield homes in January and February come as a result of distressed properties.  This is an increase over last year when we saw only 16% of all sales involving distressed homes. 


  Overall, the Westfield Indiana homes for sale market appears to be in great shape,  The pending homes have a great average sales price, the absorption rate is great with only a 5.85 months supply of homes and the trend is for increased demand in Westfield homes.

 ]]> </description>
            <pubDate>Mon, 19 Mar 2012 07:19:02 -0400</pubDate>
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