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Zionsville Indiana Short Sales
Here is a display of current short sales in Zionsville Indiana. Simply click on them for more information!

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Ryan "Tiny" Crozier is an Indianapolis Real Estate Agent with RE/MAX Excel Realtors in Avon Indiana.
If you have any questions, please don't hesitate to call me @ 317.313.4240.

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So, I've got my opinions about the local and national Real Estate Market for the up coming year:

Local- Indiana Real Estate has been pretty steady in appreciation and towards the top of the list in foreclosures before the economy decided to go yucky, so we haven't been hit as hard as other areas in the country. I would hope this causes our market to see a minimal dip on the roller coaster ride of ups and downs. The job market and available credit will likely have the biggest impact on 2010 sales. Things are starting to look better in 3rd and 4th quarter; but they historically should so I'm hesitant to say next year will be strong, but I hope the market will see minimal decline to a marginal increase.

National- Consumers are the focus. Without buyers, properties won't sell... We need available credit and buyers ready to sign on the dotted line. I think the prospect of good buys (cheaper prices) will drive the market more than anything, but am concerned what the winter will do to the vacant properties; which will only increase in a heavy foreclosure market. Fortunately, short sales will keep many properties occupied and reduce the damage these properties would see otherwise. I expect to see property values decrease and sales to decline.

I believe it took us years for the bubble to get big enough to burst, and it will take years before we can see real improvement. I'm not trying to be a pessimist, but a realist...

What I would really like to hear: Is honest opinions of agents working in the trenches around the country. What do you thing the next year will bring in the Real Estate market in your local area and on the national level?

Here is what is happening on the Zionsville real estate market in October 2009:

	2008	2009	% Change
Active	N/A	374
Homes Sold	30	34	13%
Average Selling Price	$324,838	$298,380	-8%
Days on Market	74	68	-8%
Price Per Square Foot	$130	$121	-7%
Sales Price / List Price	95%	97%	2%

We do see an increase in the number of homes sold which is very good. However, we also see a slight dip in the average sales price which, again, may be triggered by the tax credit expiring. If you look at the YTD numbers for the average sales price compared to last year, Zionsville real estate is actually up 1%.
If you are thinking about purchasing or selling a home in the Zionsville market, please visit our website to learn more about how Red Door Real Estate can serve you best. You might also be interested in viewing Spring Knoll homes Zionsville or The Enclave homes Zionsville for more info on two of Zionsville’s most popular neighborhoods.

Here is a look at what happened on the Zionsville real estate market in September 2009:

	2008	2009	% Change
Active	N/A	311
Homes Sold	32	36	13%
Average Selling Price	$298,394	$298,763	0%
Days on Market	75	89	19%
Price Per Square Foot	$114	$106	-7%
List Price / Sale Price	95%	96%	1%

This was actually not a bad month at for Zionsville homes. A 13% increase in the number of homes sold and basically unchanged average sales price since the same time last year. The year to date numbers for Zionsville show an 18% decrease in the number of homes sold and 2% increase in the average sales price. The absorption rate is at 10.14 which is higher than other northern suburbs of Indy like Carmel and Fishers but not out of control. There are currently 311 Zionsville homes on the market with an average asking price of $587,478.

If you are thinking about buying or selling a home in Zionsville, please visit our website for more information. You may be interested in Spring Knoll Zionsville or The Enclave Zionsville.