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Lawrence Township Real Estate - Market Report - December 2008

Here is a look at what happened on the Lawrence Township real estate market for homes under $500,000 in December 2008:

 
2007
2008
% Change
Active
N/A
871
Homes Sold
111
104
-6%
Average Selling Price
$129,686

$104,149

-20%
Days on Market
103
88
-15%
Price Per Square Foot
$65
$52
-20%

Well, it is hard to find too many good things to say about December in Lawrence Township. The number of homes sold was, predictably, down considerably over last year while the average sales price was down by a larger than normal margin. Overall, it was not a great month for Lawrence Township real estate. Lawrence Township is a very hard township to report numbers on because you two distinct areas in Lawrence: Geist homes and southern Lawrence Township. As you can see from my last post, some subdivisions in Geist saw huge increases in sales prices such as Feather Cove and Admirals Bay.

If you are looking for a home in the Lawrence Township area, please visit our Indianapolis homes for sale website to search all homes available in Lawrence Township and the rest of the Indianapolis area.

Posted Friday Jan 16