Home Sales
February proved to be a good month for home sales in Avon. The number of homes sold was up and the average days on market were down over last month. The average price point of homes sold was also down, though. This is to be expected when there were fewer number of homes sold and the fact there was a $1,000,000 home sold in Avon in January. There are currently 460 active homes for sale in Avon, which gives us an absorption rate of 11.0% or a 9 month supply of homes. January 2010 February 2010 February 2009 # Homes...
Reporting on a two-month lag, the government said home values rose 0.7 percent in November. National home prices are at their highest point since February 2009. But before we look too much into the FHFA's Home Price Index, it's important that we're cognizant of its shortcomings; the most important of which is its lack of real-time reporting....
The supply of newly-built homes fell to its lowest levels since 2006, offering additional proof of a housing market in recovery. You only have to take a drive through new home communities in Indianapolis to see the reduced amount of new starts. Home supply is defined as the amount of time it would take to sell the current inventory of homes at the current pace of sales. When home builders slow down the pace of building, existing home sales pick up. In October, for the 8th consecutive month, home supplies fell. Since peaking in January 2009, it’s now down by almost half. Lower...
Today, the Hilbert Mansion on 116th Street in Carmel was reduced by another $5,000,000. Originally listed at $25,000,000, the current asking price is less than 40% of the original listed price. You can read the story here. The volatility of the real estate market has taken it’s toll on higher end homes in Metropolitan Indianapolis. McMansions are being passed on for more economical living choices. Home sales in Indianapolis over the past few months may not reveal the true picture of sales per price point. Since many first time home buyers are taking advantage of the $8000.00 rebate, the price...
For the month of January, there were 12 homes sold and closed in Zionsville, compared to 26 homes sold in December. Of the 12 homes sold in January, none were distressed sales The average price of all homes sold in Zionsville was $527,710 The Median price was was $425,500. The highest price home sold was $1,150,000. The lowest priced home sold was $168,500. The average Zionsville home sold was a four bedroom, four bath with 3530 square feet. The average Days on Market for homes sold was 148 days, up from 111 days last month. The highest number of days on market was 864 days. There are currently 316 homes available for sale in Zionsville, which gives us an absorption...
For the month of September, there were 5 homes sold and closed in Traders Point, compared with 10 homes sold in August. The highest price home was $500,000. The lowest priced home sold was $173,000. The average home sold in Traders Point was a three bedroom, three bath with 3380 square feet and an average price of $310,360. The average Days on Market for homes sold was 91 days, down from 112 days last month. There are currently 115 homes available for sale in Traders Point, which gives us an absorption rate of 23 months. Average days on market and...
