Wakefield - Home Sales and Real Estate Market Report - Greenwood IN - Nov 2009

Wakefield - Home Sales and Real Estate Market Report -
Greenwood IN, November 2009

Wakefield – Current Real Estate Activity

13 Homes FOR SALE in Wakefield

• The typical 2 story home with a basement has an average list price of $199,657 ($68.64 per square foot).

• The typical 2 story home without a basement has an average list price of $176,567 (76.87 per square foot)

• Only 1 home is in a financial distress position (short sale, HUD owned, bank owned, foreclosure)

22 homes SOLD in Wakefield - January to November 2009

Highest net sale price: $233,000

Lowest net sale price: $118,400

Average net sale price: $175,558

Median net sale price: $176,800

1 home currently PENDING in Wakefield

Average list price: $164,900 (Sales Price will be available after closing)

Wakefield – 2009 Real Estate Activity

22 homes SOLD in Wakefield - January to November 2009

Highest net sale price: $233,000

Lowest net sale price: $118,400

Average net sale price: $175,558

Median net sale price: $176,800

Sold Activity in Wakefield in the last 5 years

Wakefield continues to be a popular area in Center Grove. Even in a challenging market, so far 22 homes have closed in 2009 compared with 17 for the same period of time in 2008. That is an increase of 23%!

How Did Buyers Pay For Their New Homes in 2009?

More than ½ of all buyers utilized FHA financing. FHA requires only a 3.5% down payment and rates are very similar to conventional financing.

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