Carmel Indiana Homes Sold May 2011

Originally posted at My Carmel Blog

Carmel Indiana saw a 25% decline in homes sold in May 2011 from May 2010. There wre 112 homes sold in Carmel compared with 151 last year at this time. This is the 2nd month in a row where 2011 has lagged 2010.

Other statistics that we watch are Days on Market (how long does it take from list to close) and the price per square foot (which most certainly varies by neighborhood...). For May of 2011; the DOM was 86 compared with 67 a year ago...so it is taking longer to sell homes in Carmel. The $ per sq ft is down just a bit at $110 versus $112 a year ago.

There were 13 homes over $500,000 that sold in May of 2011 compared with 16 a year ago. The highest priced home that sold in Carmel was $1,700,000 in Bridlebourne with over 11,000 sq ft. It was on the market for 623 days.

The lowest priced home in Carmel to sell was $60,000 in the Keystone and 126th area. It was a bank owned home.

Neighborhoods that saw a large number of sales include Avian Glen with 3; Cool Creek with 5; Village of West Clay with 6 and Woodfield with 4. These are some of the best neighborhoods in Carmel!

If you are looking to buy or sell a home in Carmel Indiana, please visit our website or email me for information that will help in that process.

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

CindyMarchant@comcast.net