The statistics for Avon remain steady and fairly unchanged. The average price of homes sold in August was $160,650., compared to $166,661 in July. There are currently 95 homes pending compared to 91 last month.
As I research data and look at comparables, in both cities and neighborhoods, numbers do tell a story. Although, they don't tell the whole story, there is a story to be told.
The average square foot of homes sold in August in Avon were smaller than in July, therefore we would expect a lower average price. The average days on market also were down from 75 to 69.
When we compare the sold home with pending homes in August we find a higher square foot and longer days on market. Now compare that to the current Active listings. I believe this is indicative of the amount of homes available which are over the $300,000 price range. We are not setting records in that price range!
Our current Absoption rate is 7.8 months with 12.8% of homes selling.
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| Active - 593 Properties Found | ||||||||
Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | |
| Min | 0 | 1 | 0 | 0 | $ 0 | $ 0 | 1 | |
| Avg | 2510 | 3 | 2 | 0 | $ 219,897 | $ 0 | 0.00 | 112 |
| Max | 8568 | 6 | 5 | 3 | $ 1,870,000 | $ 0 | 0.00 | 731 |
| Pending - 95 Properties Found | ||||||||
Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | |
| Min | 1082 | 1 | 1 | 0 | $ 57,900 | $ 0 | 0.00 | 0 |
| Avg | 2311 | 3 | 2 | 0 | $ 174,219 | $ 0 | 0.00 | 84 |
| Max | 6396 | 5 | 4 | 1 | $ 799,900 | $ 0 | 0.00 | 381 |
| Closed - 76 Properties Found | ||||||||
Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sale Price | LP:SP% | Days on Market | |
| Min | 969 | 2 | 1 | 0 | $ 70,000 | $ 65,000 | 0.93 | 0 |
| Avg | 2145 | 3 | 2 | 0 | $ 164,735 | $ 160,650 | 0.98 | 69 |
| Max | 4289 | 5 | 3 | 2 | $ 327,000 | $ 320,000 | 0.98 | 398 |
Avon Indiana Real Estate Market Report July 2007
Avon Indiana Real Estate Market Report June 2007
Avon Indiana Real Estate Market Report May 2007
Avon Indiana Real Estate Market Reprt April 2007
Avon Indiana Real Estate Market Report March 2007
Avon Indiana Real Estate Market Report February 2007
This information is cooleected from the Metropolitan Indianaolis Board of Realtors on 9/1/2007 at 2:15 p.m. It is believed to be accurate but is not guaranteed.
Copyright Paula Henry 2007.
All rights reserved. No reproduction permitted.
Paula Henry is an Indianapolis Realtor with RE/MAX Connection, serving the needs of homeowners in Indianapolis, Speedway, Hendricks County, Zionsville, Carmel and Eagle Creek. When you're ready to buy or sell your home, you want an agent with a plan for helping you attain your dreams and goals. Contact Paula for your Indianapolis real estate needs and experience the P3 Advantage
Serving the residential real estate needs of homeowners in Indianapolis, Wayne Township, Speedway and Eagle Creek and the Hendricks County Towns of Avon, Plainfield and Brownsburg.
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Paula - this is a FABULOUS market report for Avon, IN. Your Days on Market seem pretty reasonable and lower than other reports I've seen. Sounds like Avon is a great place to be right now... I also think the links you supplied so locals can compare past months with "now" is another GREAT IDEA! You are such a good resource for Avon Homeowners!!
Paula, this is an excellent service for people in Indianapolis. Do you have alot of people sign up ?
Susie: Thanks! Always looking for ways to spice up data! It's funny, I have been saying all along - homes which are priced right are selling in a reasonable amount of time. Buyers are out there!
Missy: It is a great resource......I am thinking about putting a link on all my neighborhood reports. I am not getting the response I would like. I signed my daughters home up on this service and every month she gets a detailed 2 page report of all active, pendings and sold homes in her area. It is a great tool!
Paula, It looks as thought Avon is in a fairly healthy market right now. 95 pending? wow! Great job on the market report!
Stephanie: The market is not bad. We can not sell anything over $300,000. Well, very little. A home which is priced correctly is selling and in short time.