Zionsville, IN

Here is a look at what happened on the Zionsville real estate market in January 2009 for homes under $700,000:

As you can see, there was not a ton of activity in January 2009 as far as number of homes sold. Somehow, only 8 homes sold in Zionsville during the month which resulted in a 70% decrease in activity. What is odd is that even though only 8 homes sold the average sales price was up 12 % over last year. I say this every time I do a Zionsville report, but with so few homes selling it is very difficult to get a grasp for the status of the market based on just one month’s sales activity. We will have to wait a few more months to see how the Zionsville real estate market will fare in 2009.

If you are looking for a home in Zionsville, please visit our Indianapolis homes website to search all homes in Zionsville and the greater Indianapolis area. Some of Zionsville’s most popular neighborhoods include: Stonegate, The Willows, and Cobblestone Lakes.

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

As you can see, the number of homes sold is still pretty far off from last years number with a 19% decrease in the number of homes sold. The average sales price was also down more than normal with a 10% decrease in average sales price from last year. The year end total for average sales price in Zionsville is down 5% over last year. This is great, but it is not terrible in this market. The absorption rate, or number of months supply of homes on the market, is at 7.1 months. This is higher than some areas like Carmel, but still within reason and indicative of a stable market.

If you are looking for to buy or sell a home in the Zionsville area, please visit our Indianapolis real estate website to search all homes for sale in the Zionsville area. In addition, you may also be interested in Carmel IN homes for sale and/or Westfield Indiana real estate.

Here is a glance at what happened for Zionsville homes under $700,000 in October 2008:

Two more homes sold this year compared to last which translates into an 8% increase in # of homes sold. However, the average sales price was down 7% over October 2007. Zionsville has relatively few homes sell each month so it is hard to get a grasp for the market based on just one month. The year to date numbers show the number of homes sold in Zionsville is down almost 10% over last year while the average sales price is down almost 4%.

If you are interested in purchasing a home in Zionsville, please call Mike Taylor at 317-362-4064 or visit our Indianapolis real estate website to search all listing available in Zionsville. Two of Zionsville’s most popular neighborhoods are Spring Knoll and Austin Oaks.

Here is a look at the sold data for Brittany Chase in Zionsville:

The good news is that despite everything else, we actually saw an increase in the number of homes sold in Brittany Chase. The bad news is that everything else is down over last year. Average sales is off by 7% over last year and the time is taking to sell a home is up a whopping 125% in 2008 vs. 2007.

If you thinking about purchasing a home Brittany Chase, now would an opportune time to get in at a great price compared to last year. Check out our Zionsville IN real estate site to search all homes available in the Zionsville area. You may also want to drop our Zionsville Information blog to read about what is going in Zionsville. If you are looking at other areas of Indy visit our Indianapolis homes for sale site to search all homes in the area.

Here is breakdown of two neighborhoods in Zionsville Indiana, Spring Knoll and Stonegate:

This is what has happened year to date in the Spring Knoll neighborhood in Zionsville:

Here is a look at what has happened in the more upscale Stonegate neighborhood in Zionsville:

As you can see Spring Knoll is faring far better than Stonegate this year compared to last. There are most likely two reasons for this; Stonegate is much higher end neighborhood and the neighborhood is still under development. This means there is competition not only from other resales on the market, but also from builders. In addition, higher end homes almost always take longer to sell and the absorption rate for luxury homes is much higher than those around the average sales price. That being said, Stonegate did actually see an increase in the number of homes sold this year while Spring Knoll saw a decrease.

If you are looking for home in the Zionsville area, please visit our Zionsville homes website to search all homes available. You can also visit our Zionsville Information blog to keep up to date on what is going on.