Carmel, IN

Pulte's Saddle Creek is a popular Carmel Indiana Real Estate location. It is located in the Spring Mill and Towne area just north of 136th. There are 493 homes in the subdivision and they were built between 2000 and 2005 for the most part.

There are so many neighborhoods in Carmel with homes for sale, why would you pick Saddle Creek? For starters it has very good resale in terms of days on market. On the average, homes only last about 60 days.

There have been 27 homes sold since January and there are currently 18 active homes for sale; so the absorption rate is about five months. For this particular time in real estate, five months is good!

The average price per sq ft is right at $110.00; with most homes ranging in price between $275,000 and $350,000. There is one home currently on the market with 6 bedrooms for $329,000!

Almost all of the homes have a basement and most of the homes also have a three car garage. They have brick on the exterior with most having composite siding as well. They have the signature Pulte design with the arched entrance at the front door.

If you are moving to Carmel or looking to purchase a new home in Carmel, be sure to check out our other neighborhood reports and our Carmel market reports that detail which neighborhoods have the best activity and resale. Finding the right neighborhood for you will take the experience of a Carmel Realtor that knows the area.

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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

The data is out for July so we can look at some trends. This is the market report for Carmel Homes that have sold over the last seven months. It is interesting to note that the difference between 2008 and 2009 is fairly consistent over the time period. This month was a 16% decline, with the YTD difference at 21%.

For July in particular, we saw 128 homes sell. The best "deal" on paper was at 13066 Fleetwood which was a 3,000 sq ft home with another 1,100 sq ft in the basement for $157,000 (or $53/sq ft). It however needs a complete renovation. The highest priced home was 12749 Parsons Gate in the Village of West Clay that sold for $1,425,000 ($292/sq ft) and had nearly 5,000 sq ft and an additional 2,800 in the finished basement.

Overall on a YTD basis for 2009, the days on market are 81 and the average price per sq ft is $114 (of course this varies by neighborhood, so be sure to check out our Carmel Neighborhood reports). For 2008 YTD through 7/31/08, the days on market were 80 and the average price per sq ft was $121.

The days on market are fairly consistent at less than 90; which is great news for Carmel residents. Of course, the ones that sell in less than 90 days have the right price, great staging and the best Realtor®!

The distressed properties are on the rise, with 23 from January to July in 2008 and 46 in 2009. I just completed the market report for Fishers Real Estate a few days ago and they are actually seeing the distressed properties start to decline. June of 2008 is when we initially saw the start of the distressed properties on the market.

Finally the number of Carmel Homes for Sale are 857 and 214 of those were listed in July. That means a lot of choices for those searching for a home 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

Here is a look at what happened on the Carmel real estate market for July 2009:

Well, good news and bad news. The bad news is that the number of homes sold and the average sales price is down for July 2009 vs. 2008. The good news is that even though it is down, it is still better than YTD averages. There are also 820 active homes on the market with an average asking price of $541,327. The absorption rate, or number of months supply of homes, is at 9.57. This is a little high for my liking, but still within reason and indicative a relatively balanced market but definitely still tipped towards buyers.
If you are considering purchase a home in Carmel, please visit our Carmel Indiana real estate website to search for all homes available. You may also be interested in some of the most popular subdivisions in Carmel including The Bridgewater Club and West Clay.

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Jeff & Grace Safrin Broker / Owners

F.C. Tucker 1st Team Real Estate - Independently Owned & Operated

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