Fishers Real Estate

I have LOTS to talk about in terms of real estate and homes for sale in the Fishers and Indianapolis area and too little time.   Today, I wanted to touch base on the upcoming expiration of the first time home buyers tax credit.   As you probably know, the current credit now applies to both first time home buyers and existing home owners but you must be under contract by April 30th 2010.  Here are a few good resources with all the details of the program:

http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit

http://www.irs.gov/newsroom/article/0,,id=204671,00.html

http://www.federalhousingtaxcredit.com/home.html

As we saw with the expiration of the last tax credit buyers are flooding the market and homes are selling

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:

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:

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

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

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.    

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?

Here is a look at the yearend numbers for Geist waterfront homes for 2007 vs. 2008:

Someone sent me this summary of the new tax credit for first time home buyers:

There were talks of a $15,000 tax credit that would be available to anyone, but that part got squashed last week.  The major differences in this credit are the tax credit was increased to $8,000 and does not require repayment unless the home is sold within 3 years.  The previous tax credit was basically an interest free loan that required repayment over a 15 year period.

Will this new tax credit help stimulate the housing market even more than the first round?  I suspect this might get some people off the fence, but overall I think it will just be people who were already in the market for a home who will benefit from this.  We will see.  Obama is also supposed to announce

We all know that Fishers real estate is among Indianapolis’ hottest areas so let’s take a look at what that means as far as the numbers go. Below is a year end, month by month, report of the number of homes sold and their corresponding average sales price for homes sold in Fishers Indiana: