December 2009

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:

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 let’s 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 area’s top performing subdivisions because of its location and it affordability. After the first of the year,

Here is the November numbers for the Noblesville Indiana real estate market:

Here are the YTD number for Noblesville homes:

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

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

Here is market update for the Carmel Indiana real estate market for November 2009 compared to November 2008:

For a little perspective, here is a YTD look at the Carmel homes market:

If you have not heard the latest drama for new homes in Indianapolis, Hansen and Horn is officially out of money.  Rumors have been swirling for months now that they were not paying their subcontractors and problems home owners have been having but now it is official.  You can read the Indy Star story here but the gist is they are out of money and going into receivership which means someone else is taking over and going to try to pay off their debts. 

I have to give credit to Paula Henry who runs Hometoindy.com her Indianapolis real estate website and blog for pointing this out, but take a look at this: https://secure.in.gov/sos/bus_service/online_corps/view_details.aspx?guid=19AC7BA0-EE43-473C-8C2C-E3F5749F928A

This is a separate