Fishers Real Estate - End of Year Report 2009
Posted by Mike Taylor on Monday, January 11th, 2010 at 3:03pm.
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:
2008 |
2009 |
% Change |
|
| Active | N/A |
544 |
|
| Homes Sold | 92 |
75 |
-18% |
| Average Selling Price | $212,469 |
$204,072 |
-4% |
| Days on Market | 85 |
59 |
-31% |
| Price Per Square Foot | $91 |
$90 |
-1% |
| Sales Price / List Price | 94% |
97% |
3% |
Now for the year end info for Fishers homes:
Number of Homes Sold |
Average Sales Price |
|||||
2008 |
2009 |
% Change |
2008 |
2009 |
% Change |
|
| 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. | 92 |
75 |
-18.48% |
$212,469 |
$204,072 |
-3.95% |
| Totals | 1,481 |
1,337 |
-9.72% |
$216,186 |
$206,468 |
-4.50% |
And my average sales price by month for sold homes in Fishers IN graph:
So, all in all we saw a 10% decrease in the average sales price and a 4.5% decrease in the average sales price for 2009 vs. 2008. Of course it is never good to see negative numbers in these categories especially the average sales price, but considering the housing market and the overall economy I think Fishers actually weathered the storm quite nicely.
thing that has me quite optimistic about the Fishers market for 2010 is the absorption rate, or number of months supply of homes on the market, is at its lowest point in December with a very manageable 4.52. We should see an increase in sales activity as the newest tax credit expiration gets closer and closer. Last time this did not translate into a higher sales price, so we will have to see what happens this time around. Overall the fundamentals are very strong in Fishers and the demand for affordable homes in a great family friendly environment is still quite strong.
Please visit our Fishers real estate page for more information or our Fishers foreclosures page.
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