Fishers, IN

Active Homes for sale in Fishers Indiana for May total 735. What is most interesting is of the 189 new listings that came on the market in May, nearly 20% of them were from high end neighborhoods (sale price over $500,000) including Bridgewater, Canal Place, Lake Stonebridge, and Windermere Pointe. This may tell us that consumer confidence is beginning to come back or it may tell us executive job loss is on the rise; what's your call?

This market report covers the activity for May 2009 and is for both Delaware and Fall Creek Townships. Please be sure to look at our Market Report category for previous month reports.

Active Single Family Homes Listed in May 189

Single Family Homes Currently Active 735

Single Family Homes Sold in May 140

Average Sale Price per sq ft $96 (Nearly a 10% increase over last month)

Average Days on the Market 70 (Over a 25% decrease over last month)

The neighborhood with the most sold in May were Sumerlin Trails (7) and Sunblest Farms (8). These are first time buyer priced neighborhoods so that makes sense to see those turning over more. If we look at May of 2008, we had 167 homes sell, compared with 140 in 2009. This is a 15% decline from 2008; this is still encouraging since our decline %ages have been in the 30's for previous months of 2009 compared with 2008.

What is, however, very interesting is the number of distressed homes (aka deals in Fishers Real Estate!) that sold in May. In 2008 we had 5 or 3%; in 2009 we had 14 or 10%.

The most expensive home that sold in the Fishers Real Estate market was $1,155,000 this month in The Hawthornes near 106th and Geist Road. It was on the market for 292 days. The lowest priced home was in Marilyn Ridge for $71,000 and it was in foreclosure.

The neighborhoods with the most new listings this month include Brooks Chase (5), The Bristols (4), Woodberry (6) and Sunblest Farms (9). You can search for any Fishers Real Estate for Sale by Neighborhood here!

The most expensive Fishers home listed this month is actually one of mine, at $2,200,000 in The Overlook and sits on hole 16 with over 11,000 square feet.

Finally, one last tidbit that I think supports the Fishers Real Estate market being hot. Of the 117 homes pended in May; 39 of them or 33% were on the market LESS THAN 30 DAYS! Also of those 117 homes pended 44 or nearly 40% were less than $175,000. The first time buyer is buying and in some cases, actually being too late to get the house they want because there is competition for that price point.

If you would like information about your specific neighborhood such as active listings, average price sold over the last year, or appreciation rates, please contact this Fishers Realtor.

Search homes for sale in Fishers by Neighborhood

Cindy "in Indy" Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
317-290-7775

Fishers home owners enjoy great schools, appreciating values in neighborhoods and many local events to enjoy. Crime is not something that is talked about often here. But, as summer approaches and people take vacations and are away from their Fishers homes, I want to at least publish some helpful phone numbers and links. Fishers Crime Watch is a great resource to learn about setting up a neighborhood watch and they also have a link showing the crimes for various areas in Fishers for the month and various tips.

Here are some of the local numbers and links for you to use:

Fishers Police Department: 595-3300
Fishers Fire Department: 595-3200
Sign up for Fishers Alerts

Geist Patrol: 842-8082

Indianapolis Metro Police: 327-3811 (non emergency dispatch)
CrimeView Community (online incident map)
Sex Offender Search

McCordsville Police Department: 477-1144
Vernon Township Volunteer Fire Department: 911

Lawrence Police Department: 549-6414
Lawrence Fire Department: 549-4371

Search homes for sale in Fishers by Neighborhood

Cindy "in Indy" Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
317-290-7775

As your Fishers Realtor, I want to highlight as many neighborhoods as possible for you. It gives you a chance to see what resale and home values look like in the Fishers Real Estate market. Be sure to check out my Fishers monthly market reports detailing the activity in our area.

Sumerlin Trails is located off of 121st just west of Hoosier Road; there is also a newer area being built by Westport homes off of Hoosier Road. Together these two area of Sumerlin Trails has 376 homes.

I want to focus primarily on the older neighborhood of Sumerlin Trails.

There are currently four active homes in this division with an average price per sq ft of $75 and an average DOM (days on market) of 88 days. There are six pended at $80/sq ft and an average of 33 DOM. This price point in Fishers is flying off the shelves right now. The solds for the last year are 12 with an average price per sq ft of $74 and 71 DOM. That tells us that the absorption rate is less than 90 days which is a GREAT resale area.

They are mostly three bedroom homes without basements. The popularity of this neighborhood is probably because it has a treed lined area and their is a nice mix of ranches and two story homes that makes it feel less cookie cutter. Their sq ft varies greatly from 1500 to over 2300. It is a more mature neighborhood with trees and winding roads. The only catch is that the west side of the neighborhood can hear I69 traffic on a clear day.

The newer side of Sumerlin Trails off of Hoosier Road is a little less popular with an absorption rate closer to six months. The average price per sq ft of the actives is about $82. The street names in this newer area are Cool Winds, Schoolhouse and Long Lake.

If you are curious about other neighborhoods in Fishers, read the additional posts I've written.

I am currently working with Jennifer and we've found one in this neighborhood that fits her criteria. Watch for her on our home page of the Fishers Real Estate Website. She is a first time home buyer and will be enjoying the $8,000 tax credit soon! Be sure to click on the tab on our tool bar above if you are not aware of the tax credit for first time homebuyers!

Search active homes in Sumerlin Trails

Search homes for sale in Fishers by Neighborhood

Cindy "in Indy" Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
317-290-7775

Spring is here and if you are planning to buy a home, here are my Top 5 Secrets for making the process successful:

1) Know the difference between Pre Approval versus Pre Qualified and get Pre Approved. Don't just spend a few minutes on the phone with a lender and get a letter; but rather spend time with the lender and give him or her the appropriate documents so that you are Pre Approved. The market is shifting again, specifically in the first time buyer market. Houses are seeing multiple offers and price is not the only factor for a seller to choose their buyer. A buyer's financial strength will matter, play competitively.

2) Make your offer with as few contingencies as possible, most certainly do not make it contingent on selling your home. There is a season where that works well; it is winter. During the Spring months there is too much competition to tie your offer to any contingency.

3) Have a list of your "must have" and "wants" ready; without it you may find yourself drawn to those homes where decorating influences you. For example, I had a buyer that had to have a large fenced yard. We walked through a home that was tastefully decorated right out of Pottery Barn with a postage stamp yard. It is hard not to fall in love with the look and feel sometimes and still keep the functionality in check.

4) Don't feel pushed to buy a home. As a Realtor, I will pull the comps, give you website for crime statistics and encourage you to visit the home/neighborhood during different times of the day to be sure it is the right home for you.

5) If it is the home for you; try not to mull it over too much or bring in various family members for their opinions. In this market, when you are sure it is the home for you, you need to put the offer together to ensure you get the home.

There are many factors to consider in buying a home and these are just my Top 5 Secrets or things to consider. I've included some additional reading below. I would encourage you if your are a first time buyer in the Fishers area to attend our first time buyers class held every month on the last Saturday; check our Fishers Real Estate Website for more registration details. If you are a move up buyer, please be sure to visit our website where you can search for your new home by either price or by neighborhood (Fishers, Carmel, Geist or Noblesville) or call me and I'll set up the search specific to your criteria.

As always, be sure to post your questions here and I'll try to answer as many of them as I can.

Related Reading:

Understanding your FICO Score

Five Things you Need to Know before Buying a Home

Using the Best Real Estate Agent to Find your Home

Cindy "in Indy" Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
317-290-7775

Active Homes in Fishers Indiana for April total 737; something for everyone! This market report covers the activity for April 2009 and is for both Delaware and Fall Creek Townships. Please be sure to look at our Market Report category for previous month reports.

Active Single Family Homes Listed in April 184

Single Family Homes Currently Active 737

Single Family Homes Sold in February 113

Average Sale Price per sq ft $89

Average Days on the Market 103

The neighborhood with the most sold in April were Sandstone and Sunblest. These are first time buyer priced neighborhoods so that makes sense to see those turning over more. If we look at April of 2008, we had 122 homes sell, compared with 113 in 2009. This is a only a 5% decline from 2008; this is encouraging since our decline %ages have been in the 30's for previous months of 2009 compared with 2008.

What is, however, very interesting is the number of distressed homes (aka deals in Fishers Real Estate!) that sold in April. In 2008 we had 8 or 6%; in 2009 we had 18 or 16%.

The most expensive home that sold in the Fishers Real Estate market was $535,000 this month in Brooks Park near 104th and Olio. It was a custom home built by RC Tucker Homes. The lowest priced home was in Sunblest for $87,000 as a bank owned. This home had nearly 2,000 sq ft of living space and was assessed for $156,000. That was a deal for a home in Fishers!

The neighborhoods with the most new listings this month include Brooks Chase (9), The Bristols (8) and Sunblest(7). You can search for any Fishers Real Estate for Sale by Neighborhood here!

If you would like information about your specific neighborhood such as active listings, average price sold over the last year, or appreciation rates, please contact this Fishers Realtor.

Search homes for sale in Fishers by Neighborhood

Cindy "in Indy" Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
317-290-7775