Indianapolis Real Estate Blog

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

Now for the year end info for Fishers homes:

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

I am sure everyone has heard that the tax credit for first time home buyers has been extended and expanded so I thought I would post the main bullet points of the new bill as well as a quick reference guide for the first time homebuyer tax credit for Indianapolis home buyers.  The main bullet points are:

•    Contract must be signed by 4/30/10 and close by 6/30/10.
•    First-time homebuyers (not owned a home in the last 3 years) will receive an $8,000 tax credit.
•    A $6,500 tax credit will to buyers is they owned their current home for at least five consecutive years in the previous eight years.
•    Individuals with income under $125,000 will qualify.  Couples with income under $225,000 will qualify.  This is up from $75,000 for singles or $150,000 for

I recently represented a client who purchased a home in the Haverstick subdivision in Carmel.  As part of the process I ran some numbers to see what has happened in Haverstick for the past few years as far as the average sales price.  Here is a chart showing the average sale price for Haverstick since 2003:

As you see the average sales price has obviously increased since 2003.  To be exact, Haverstick has seen a 9.04% increase in average sales price since 2003.  
If you are considering buying or selling a home in the Carmel area, please visit our Haverstick homes Carmel or Carmel real estate pages for more information and see what is currently for sale.   

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:

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.  Let’s hope the last few months of the first time home buyer tax credit will help the Fishers real estate market finish strong.