About Boone County, IN

Here is a look at what happened on the Zionsville real estate market for August 2008 for homes under $700,000:

Every time I do a report on Zionsville I feel I must caution that with a relatively low number of homes sold each month, these monthly reports may be slightly misleading. That being said, Zionsville saw a huge increase in the number of homes sold but also a big decrease in the average sales price for August compared to last year.

While I might believe the number of homes sold is up, I simply cannot believe the average sales price in Zionsville is down 17% over last year. I am not saying the numbers are wrong, I just think a few low sales could have affected the overall average. I think the year to date figures most likely represent a more accurate picture of the Zionsville real estate market. The YTD number of sales is off 11% compared to last year and the average sales price is down 2.68% as well. This I can believe.

Despite the negative numbers for the year, Zionsville does have many things going for it including all the new jobs being added to the Anson project. If you are considering purchasing a home in Zionsville, please visit our website to search for all homes for sale in Zionsville and the rest of Indianapolis homes for sale. Another popular choice for people who consider Zionsville is Carmel Indiana real estate.

Details of the Home-A-Rama at the Willows in Zionsville include over 36 exhibitors and is open from September 22, 2008 through October 5, 2008 Mon-Thurs from 4-9:00 p.m. and Fri-Sun from noon-9:00 p.m. Tickets are $12.00 for Adults and $6.00 for Children from 5 to 12.

The Williows is an exciting new neighborhood in the ever popular Zionvsville area where the schools rank #1 in the Metro Indy area. It is a secluded area at 146th (County Road 300) and just east of Michigan Road (SR 421) in Boone County. There are mature trees and a ten acre Eagle Lake that is serene setting. The Willows has walking paths, tennis, basketball, volleyball and playgrounds. It is conveniently located to interstates that make a drive to downtown Indy or to Chicago easy.

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Search for homes available at The Willows

Here is a look at what sold on the Zionsville real estate market in July 2008 for homes under $700,000:

With only 50 or so homes selling in the Zionsville market, it can be hard to get good idea about what is occurring with the market by looking at just one month. However, the number of homes sold down by only 8% over last year and the average sales price down by only 3% over last year’s numbers. Both of these numbers although in the negatives represent a much better situation than most other areas in the Indianapolis region. If you look at the YTD numbers for Zionsville, the number of homes sold is down by 16% and the average selling price is relatively unchanged.

In addition the sold figures, there are 268 Zionsville homes for sale with an average asking price of $374,372. The 268 homes on the market represent an 8.08 months supply of homes on the market. This is a little high and still indicates that it is a buyer’s market.

Even though the numbers are down over last year, compared to other areas of Indy Zionsville remains one of the stronger markets. If you are considering a home in Zionsville, please visit our Indianapolis homes website for more information and to search the entire MLS. Many people who are interested Zionsville real estate also consider Carmel homes as another option.

Don’t look now but Zionsville real estate has just posted an increase in average sales price for the second straight month in a row. Here is what happened on the Zionsville Indiana real estate market in April 2008 for homes under $700,000:

Despite the fact that 52% less homes sold than last year, Zionsville home prices still managed to increase in average sales price by 9%. In addition, the average days on the market was down 15% over last year, taking 12 days LESS to sell a home in these market conditions. What else is amazing is that the Zionsville market has a fairly average absorption rate of 7.77 which is on par with the number of Noblesville homes on the market. Noblesville posted a decrease in the average sales price and the number of homes sold with the same absorption rate. In contrast, it took an absorption rate of less than 6 to have Fishers homes see an increase in sales price. I think a major factor at play here is new homes, Fishers and Noblesville are much more saturated than Zionsville with new homes. Regardless of what is affecting this, the fact remains that for 2 straight months Zionsville has seen an increase is average sales price and that is a good thing.

If you are interested in purchasing a home in Zionsville or any other part of Indianapolis, visit our Indianapolis homes website to search all homes for sale in Zionsville and the entire central Indiana region.

Great news for Zionsville residents and businesses...

Zionsville was named number 57 in Fortune magazine's "100 Best Places to Live and Launch a Small Business." According to Fortune, part of Zionsville appeal was is genteel charm, Victorian architecture, vibrant indie retail sector and 400 acres of parks.