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The Bristols Homes For Sale in Fishers Indiana

Posted by Mike Taylor on Thursday, August 20th, 2009 at 7:34am

This is a look at what happened on the Fishers real estate market for The Bristols as of August 2009, if you would like more up to date information or want to see the current inventory; visit The Bristols homes for sale Fishers page.

Today I wanted to look at one of the larger and more popular subdivisions in Fishers, The Bristols. The Bristols is a popular Fishers community located at the northwest corner of 126th and Brooks School roads. The Bristols neighborhood has all the street names named after football teams and terminology. For example you will find streets like Cowboys Court and Touchdown Drive.

What I am really interested in is how is The Bristols selling right now and what is the average sale price doing compared to last year? It is vitally important to look at these numbers at the subdivision level. What you hear on the news every night could have no bearing on what is happening in a particular city or especially a particular subdivision. Hence, let’s take a look at what is happening in The Bristols:

 
2008
2009
% Change
Active
N/A
20

Homes Sold
17
20
18%
High Selling Price
$282,500
$272,000
-4%
Low Selling Price
$133,501
$154,000
15%
Average Selling Price
$206,061
$191,330
-7%
Days on Market
59
67
14%
Price Per Square Foot
$81
$74
-9%
List Price / Sales Price
98%
96%
-2%

 

This shows a little bit of mixed reviews here: the number of homes sold in 2009 YTD is 18% greater than this time last year! That is unheard of in this market. The bad news, actually just more normal news, is the average sales price is down 7% since last year in The Bristols. In addition to the numbers above; there are also 20 active homes on the market with an average asking price of $184,502 and 6 pending homes with an average asking price of $178,783.

Despite some setbacks in this real estate market, The Bristols is a strong and desirable neighborhood and I believe will bounce back quite quickly. If you are looking to buy or sell a home in Fishers, it is important to do this type of analysis on your particular subdivision. If you would like to see more homes for sale please visit our Fishers real estate page to search all homes on the market.


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