About Hamilton County, IN

Fishers Real Estate residents have experienced incredible growth over the last few years; the population has grown to over 66,000 in 2008, a growth rate of over 65% since 2000. There was a need for a 2^nd High School in addition to the existing Hamilton Southeastern High School, so Fishers High School re-opened in 2006. I say re-opened because Fishers High School did exist back in 1969 prior to its demolition.

There are approximately 2,000 students that are enrolled in Fishers High School, 517 in 9^th; 533 in 10^th; 498 in 11^th and 480 seniors. The school opened in 2006 with just 9-11^th grades so 2007 was the first graduating class. Demographically, the school is 82% White, 7% Black, 4% Asian and 7% Other.

The school is located at the corner of 131^st and Promise Road and the mascot is a Tiger. Many sports are offered at the Fishers High School including Cross Country, Football, Soccer, Basketball, Golf, Tennis, Swimming, Wrestling, Track and Field and Volleyball. They have a quality academic program including the International Baccalaureate Diploma.

To determine if you go to Hamilton Southeastern or Fishers High School you can input your Fishers subdivision or use the Fishers Real Estate boundary maps. Either of these tools will help Fishers Real Estate residents determine their schools based on where they live in Fishers. I know specifically that the neighborhoods with the best resale values in Fishers discussed in a previous post do attend Fishers High School.

Fishers Indiana is a magnet for many people relocating to the Indianapolis area because of its family friendly activities, its resale values and most importantly its schools. They are ranked as one of the best schools in the state of Indiana and consistently rank high in sports, band competition and other academic and sporting events. Forbes magazine has also ranked Fishers, In as the best place to raise a family. Perhaps the only negative for Fishers is the traffic congestion on I69 and the northeast corridor. That's why using a Fishers real estate agent that knows the area, the neighborhoods and the traffic patterns is important when relocating, so we hope you will be sure to contact us if that time arrives. If you already live in Fishers, congratulations on picking such a great city!

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

2008 Decreasing home inventory still indicative of buyers’ market

INDIANAPOLIS – October housing statistics point to continued opportunities for buyers to take advantage of lower housing prices across Central Indiana, while a decrease in available inventory reduces competition among sellers, according to pended sales statistics compiled by F.C. Tucker Company.

“Contrary to perception,mortgage money is widely available and rates are quite good. Combined with a steady demand for housing, we are seeing the number of homes for sale in Central Indiana continue to drop,” said Donna Kreps, Executive Vice President of Tucker's Residential Real Estate Services Division. “Home buyers are still experiencing unprecedented opportunities throughout Central Indiana.”

Available homes for sale dropped 12.7 percent in October with 17,746 homes on the market, 2,582 fewer homes than in October 2007. Marion County experienced the greatest decrease in inventory at 18.5 percent.

Central Indiana homes are holding their value better than other real estate markets. The average year-to-date sales price for a home in the nine-county area was $145,779, 5.2 percent less than what was reported in October 2007. In comparison, the latest data from the National Association of REALTORS® reported the national average year-to-date sales price was 9 percent lower than the same period last year, as of September 2008.

Of the nine counties, Hancock County was the only one to experience an increase in homes sold in October, with a 23.8 percent increase in sales compared to the same time last year.

The average number of days on the market is 93 days, a 6.9 percent increase comparing year-to-date figures from 2007 and 2008. Hamilton County boasts the shortest amount of time – 83 days– for homes on the market through October 2008.

Pended single-family and condominium home sales

Active Listings -Inventory

Editor’s Note: All statistics were compiled by F.C. Tucker Company from a report drawn from Propertylinx statistics on November 7, 2008. Pending means the sales contract has been signed, but the transaction has not closed. According to the NAR, pending sales typically are finalized within a month or two of signing.

2008 Six Central Indiana counties report increased sales in September

Year-to-date sales still down compared to 2007

INDIANAPOLIS – Indiana continues to ride the real estate tide, as indicated by an increase in home sales in several more central Indiana counties in September, while maintaining an overall year-to-date decline compared to the same period in 2007, according to pended sales statistics compiled by F.C. Tucker Company. In last month’s Tucker report, two counties saw an increase in sales on a year-to-date comparison. Another bright spot in the central Indiana real estate market is the continued shrinking inventory of homes on the market in the nine-county region, offering a ray of hope to current sellers.

Boone County is the strongest market with an impressive 41.9 percent increase in sales of single family homes and condominiums last month compared to a year ago. Following Boone are Shelby County with a growth of 15.0 percent, Morgan with a 12.3 percent growth, Johnson increasing by 7.9 percent and Hamilton and Marion county home sales growing by 2.5 percent and 2.0 percent, respectively.

Although September showed signs of improvement and stayed nearly the same as last year, dipping only 0.1 percent below September 2007, year-to-date sales figures remain off an average of 11.1 percent in the central Indiana market.

“In these difficult economic times, your home continues to be the strongest, most lasting investment,” said H. James Litten, president of F.C. Tucker Company’s Residential Real Estate Services Division. “The residential real estate market is still on the recovery road from this current downturn. We are making progress, and, as we have in the past, Indiana’s real estate market will recover stronger and more resilient than ever.”

Hamilton County boasts the shortest amount of time – 83 days – for homes to be on the market through September 2008. The average number of days for a home to be on the market in the regionis 93 days, a 6.9 percent increase comparing year-to-date figures from 2007 and 2008. Hancock County data shows the smallest increase in days on the market compared to last year with a change from 90 to 92 days, according to F.C. Tucker data.

Fewer homes continue to go onthe market which means more families are staying in central Indiana and fewer families are waiting for their home to sell. In September, there were approximately 18,393 active listings of single family homes and condominiums. Last year at this time, there were 20,943 homes on the market in the nine-county central Indiana region.

The nine-county average sales price was $146,247, which is 5.2 percent lower compared to the same time last year. Madison County showed the least decrease in sales price with a change of -1.8 percent compared to year-to-date figures from 2007.

Pended single-family and condominium home sales

Active Listings -Inventory

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Editor’s Note: All statistics were compiled by F.C. Tucker Company from a report drawn from Property linxstatistics on October 7, 2008. Pending means the sales contract has been signed, but the transaction has not closed. According to the NAR, pending sales typically are finalized within a month or two of signing.

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