Zionsville, IN

Here is a glance at what happened for Zionsville homes under $700,000 in October 2008:

Two more homes sold this year compared to last which translates into an 8% increase in # of homes sold. However, the average sales price was down 7% over October 2007. Zionsville has relatively few homes sell each month so it is hard to get a grasp for the market based on just one month. The year to date numbers show the number of homes sold in Zionsville is down almost 10% over last year while the average sales price is down almost 4%.

If you are interested in purchasing a home in Zionsville, please call Mike Taylor at 317-362-4064 or visit our Indianapolis real estate website to search all listing available in Zionsville. Two of Zionsville’s most popular neighborhoods are Spring Knoll and Austin Oaks.

Here is a look at the sold data for Brittany Chase in Zionsville:

The good news is that despite everything else, we actually saw an increase in the number of homes sold in Brittany Chase. The bad news is that everything else is down over last year. Average sales is off by 7% over last year and the time is taking to sell a home is up a whopping 125% in 2008 vs. 2007.

If you thinking about purchasing a home Brittany Chase, now would an opportune time to get in at a great price compared to last year. Check out our Zionsville IN real estate site to search all homes available in the Zionsville area. You may also want to drop our Zionsville Information blog to read about what is going in Zionsville. If you are looking at other areas of Indy visit our Indianapolis homes for sale site to search all homes in the area.

Here is breakdown of two neighborhoods in Zionsville Indiana, Spring Knoll and Stonegate:

This is what has happened year to date in the Spring Knoll neighborhood in Zionsville:

Here is a look at what has happened in the more upscale Stonegate neighborhood in Zionsville:

As you can see Spring Knoll is faring far better than Stonegate this year compared to last. There are most likely two reasons for this; Stonegate is much higher end neighborhood and the neighborhood is still under development. This means there is competition not only from other resales on the market, but also from builders. In addition, higher end homes almost always take longer to sell and the absorption rate for luxury homes is much higher than those around the average sales price. That being said, Stonegate did actually see an increase in the number of homes sold this year while Spring Knoll saw a decrease.

If you are looking for home in the Zionsville area, please visit our Zionsville homes website to search all homes available. You can also visit our Zionsville Information blog to keep up to date on what is going on.

Here is what happened for all Zionsville Indiana real estate and homes for sale in September 2008 for homes under $700,000:

Not a great month for Zionsville real estate; both the number of homes sold is down and the average sales price is down. It is also taking longer to sell a home in Zionsville this year. The average days on the market is up 10% or 7 days over last year. I still think that 80 days to sell a home in this market is not bad at all. The absorption rate, or number of months supply of homes, ticked up a little bit from last month’s 7.85 to 8.04.

Even though the numbers look pretty sad for Zionsville homes, I have faith in the market. What I know is that Zionsville, like Carmel real estate, offers a great lifestyle to its residents and people will always have a desire to live in Zionsville. If you are considering Zionsville or any other real estate in Indianapolis, visit our website for more information about the area and to search homes for sale.

Here is a look at what happened on the Zionsville real estate market for August 2008 for homes under $700,000:

Every time I do a report on Zionsville I feel I must caution that with a relatively low number of homes sold each month, these monthly reports may be slightly misleading. That being said, Zionsville saw a huge increase in the number of homes sold but also a big decrease in the average sales price for August compared to last year.

While I might believe the number of homes sold is up, I simply cannot believe the average sales price in Zionsville is down 17% over last year. I am not saying the numbers are wrong, I just think a few low sales could have affected the overall average. I think the year to date figures most likely represent a more accurate picture of the Zionsville real estate market. The YTD number of sales is off 11% compared to last year and the average sales price is down 2.68% as well. This I can believe.

Despite the negative numbers for the year, Zionsville does have many things going for it including all the new jobs being added to the Anson project. If you are considering purchasing a home in Zionsville, please visit our website to search for all homes for sale in Zionsville and the rest of Indianapolis homes for sale. Another popular choice for people who consider Zionsville is Carmel Indiana real estate.