Carmel, IN

With 731 homes for sale in Carmel, it is good to see them selling again! Of the 731 homes for sale in Carmel, 245 of them are over $500,000 or 34% and 62 of them are less than $150,000 (less than 10%). In addition 93 of those 731 homes were built in 2009 so still a very active new construction market in Carmel.

The graph shows two months in a row where 2009 sales are more than 2008 and October is showing a 63% increase, which is a significant increase from a year ago.

In October we had 126 homes sell and there were five that were over $1,000,000. The first one sold for $1,250,000 in the Village of West Clay, but was on the market since April of 2008. The second one sold for $1,100,000 in Laurelwood and was 10,000 sq ft on over 1.5 acreas. It was assessed at $1,700,000 and as a result sold in 21 days. Quite a difference between those two; showing pricing will make a difference.

There were 21 homes sold in Carmel that were less than $150,000. It is hard to find a home in Carmel in that price range, but it can be done. This Carmel Realtor knows where they are.

Distressed properties were 19 this month compared with 8 last year; so those deals are still out there. I closed one of those this month; it was in Bellewood. We bought it for $485,000 and it was in great condition; the last time it sold it went for over $700,000. My buyer got instant equity!

The Days on Market were 84 this year and 83 last year so no real change and still less than 90 days which is great and not surprising for this area with a great school system, shops and those lovely round-a-bouts!

The price per square foot took a nice increase in comparing the two years, from $108 to $112 or a 4% increase.

Finally the neighborhoods that sell the most are the usual suspects with Village of West Clay, Lexington Farms, Brookshire and a new one this month, Lenox Trace.

Let me know if you would like your neighborhood evaluated specifically because the data does VARY by neighborhood.

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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

Here is a look at the Carmel IN real estate market for October 2009:

Do you see what I see??? Holy shift in numbers…a 70% increase in the number of homes sold and a 13% increase in the average selling price!!! Wow! I really did not expect to see this kind of swing in the Carmel area. I don’t know if it the tax credit or what, but it would reason that areas like Noblesville or Fishers would be better candidates for swings like this. Well, I am not complaining just shocked. This is great news but as always let’s take it with a grain of salt and see how the market does over the next couple of months before we start celebrating too much.
If you are looking to buy or sell a home, please visit our Carmel homes for sale website for more information or our Carmel Indiana subdivisions page. You might also want to visit our Indianapolis real estate website for more info.

In my monthly Carmel sales reports, Brookshire often shows up as one of the neighborhoods with the most activity. There are several Brookshire neighborhoods, there is North, Villages, Pines and Lakes. Today I want to highlight Brookshire located between 116th to 126th and Gray. You've probably been by it; it has the pillars with the lions at the entrances.

It is an older neighborhood, built mostly in the early 70's. Most of the homes have basements and are four bedrooms and 2 1/2 baths. It is a very large neighborhood with nearly 400 homes. The neighborhood has beautiful mature trees and winding roads. It is conveniently located near Brookshire Golf Course.

Currently there are only seven homes available. Five of those are two story homes and the other two are ranch style homes. There are several tri-level homes as well. Most of the homes sell for approximately $100/sq ft. This is one neighborhood that has avoided most of the foreclosure/bank owned homes. Only one sold since January 1, 2009 and it sold for $66/sq ft.

The days on the market average is all over the map and that is probably because some of the homes haven't been updated since the 70's and others have. On the short end, they sell in about 60 days; on the long end, they take over 150 days to sell.

Since January 1, 2009 there have been 12 homes that have sold which is a little better than 1 per month. There are currently seven on the market, so about a six month supply. A balanced market between buyers and sellers is at five months.

The location of Brookshire, the variety of homes and the maturity of the area make this neighborhood very popular for people looking to buy a home for sale in Carmel.

Search homes with one local phone number

Search homes with YOUR phone

Search Carmel Indiana Real Estate by Neighborhood

Search Carmel Indiana Real Estate by Price

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

Part 3: GoGladiator Media went out late at night to see if this really was a 104 hour operation, or just some kind of Hollywood editing magic. We were floored to see the house already framed and standing tall! This is all FOR REAL everybody, and done through the HUGE hearts of great people and amazing sponsors!

From the minute you enter Kokomo and head north to Bunker Hill, you can feel all of the positive energy in the air. This experience is a great case study in how the power of positive pulls a community together for a common cause, and that people are willing to put aside all of life's personal problems to help others.

(Go-Giver Principals in action!)

Another BIG THANK YOU to all of the volunteers, sponsors, staff, security, Hallmark Homes, Anderson University, Ball State University, Grissom Air Force Base and ABC Extreme Makeover for everything you are doing for the Cowan-Brown family. Part 4 will be release tomorrow, and this is our interview with the great Brad King who is helping put all of the social media coverage together for Hallmark Homes with over 40 students of Ball State.

LOVE IT!

Harrison Painter

New Media 365 for Hire

317.871.1000

So the 5 clues probably gave away what we were doing! Here is part two of the GoGladiator TV coverage of the amazing ABC Extreme Makeover Home Edition with Hallmark Homes in Bunker Hill, IN. This one should probably be titled the "Muddy Edition". Enjoy!

All we can say is WOW! The people are simply amazing, and to see sponsors that are giving so much to make a difference in the world is a breath of fresh air! A special thank you to Hallmark Homes and ABC for being so kind and allowing us to film so much great footage in the midst of all this organized chaos!

LOVE IT!

Harrison Painter

Extreme Social Media Guy for Hire

317.871.1000