Archive for December, 2008
A short sale is the process by which a homeowner sells their home for less than what is owed to the current lender or lenders or when the cost to sell a home does not cover the current balance due the lender. A short sale is one option for homeowners who are facing foreclosure. It’s not quite as easy as it sounds, but not as difficult as many believe. Properties sold short are always subject to lender approval. Many banks require the home be listed on the local MLS by a Realtor. I have had some banks tell my clients they...
The real estate market in the Metropolitan Indianapolis area has slowed to a crawl over the last few months. In October there were 1970 sales; this month slowed again to 1610 sales, compared to 2219 sales in November 2007. Active Homes: There are currently 19,118 active homes and condos for sale The average price of homes for sale is $201,767. The average days on market for active homes is 147 days Sold Homes: There were 1610 homes and condos sold in November The average price of sold homes was $125,932 The average days on market for sold homes was 92...
There are currently 7990 homes for sale in Indianapolis in Marion County. Across the board there are fewer homes on the market along with fewer sales in general. Wayne Township and Center NE both increased the number of sales over last month. There were 703 property sales in November which represents 8.8% of the current inventory. Last month sales equaled 9.4% of the inventory. Township Active Sold Average Price Highest Price Wayne 965 123 $56,828 $215,000 Pike 689 65 $127,425 $850,000 Washington 1147 109 $194,927 $2,200,000 Lawrence 999 86 $112,930 $629,500 Warren 976 84 $66,636 $185,000 Franklin 527...
For the month of November, there were 9 homes sold and closed in Danville compared to 11 homes sold in October. Of the 9 homes sold in November, 2 homes were distressed property sales. The average price of all homes sold in Danville was $160,335. There are no Median statistics provided. The highest price home sold was $360,000. The lowest priced home sold was $88,000. The average Danville home sold was a three bedroom, two bath with 2103 sq. ft. The average Days on Market for homes sold was 100 days, up from 78 days in August. There are currently 89 available homes for sale in Danville, which gives us an absorption rate of 10.0 months. Search...
For the month of November, there were 27 homes sold and closed in Plainfield compared to 25 homes sold in October. Of the 27 homes sold in November, 5 homes were distressed property sales. The average price of all homes sold in Plainfield was $118,649. There Median price was $98,500. The highest price home sold was $291,500. The lowest priced home sold was $27,000. The average Plainfield home sold was a three bedroom, two bath with 1834 sq. ft. The average Days on Market for homes sold was 121 days, up from 60 days last month. There are currently 162 available homes for sale in Plainfield, which gives us an absorption rate of 6.0 months. Average days on market and...
There were no single family home sales in Eagle Creek in November, so, instead of a blank page, I thought you may enjoy a scenic view when the weather was a bit warmer and the trees still had leaves. There are currently 19 homes available for sale in Eagle Creek and 10 condos in Cobblestone. Homes for sale in Eagle Ceeek range in price from $194,889 for a 3 bedroom, 2.5 bath home with a 2 car garage and 2023 square foot in The Trees – to a 6 bedroom, 3.5 bath custom waterfront home with 5640 square foot for...
For the month of November, there were 10 homes sold and closed in Traders Point compared to 14 homes sold in October. Of the 10 homes sold in November, 2 homes were distressed property sales. The average price of all homes sold in Traders Point was $231,360. The Median Price of homes sold was $253,650 The highest price home sold was $500,000. The lowest priced home sold was $37,000. The average Traders Point home sold was a three bedroom, three bath with 2648 sq. ft. The average Days on Market for homes sold was 137 days, up from 108 days last month. There are currently 100 available homes for sale in Traders Point, which gives us an absorption rate...
For the month of November, there were 75 homes sold and closed in Fishers compared to 91 homes sold in October. Of the 75 homes sold in November, 10 homes were distressed property sales. The average price of all homes sold in Fishers was $254,118. There are no figures for Median price. The highest price home sold was $2,000,000. The lowest priced home sold was $72,500. The average Fishers home sold was a three bedroom, three bath with 2453 sq. ft. The average Days on Market for homes sold was 89 days, up from 94 days last month. There are currently 843 available homes for sale in Fishers, which gives us an absorption rate of 11.2 months. Average days on market...
