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Cindy "in Indy" Marchant Carmel, and Fishers Real Estate

Fishers Real Estate Market Report for September 2009

The amount of homes for sale in Fishers remains fairly constant at around 750; currently there are 773 homes for sale. This blog post is to talk about the sales in September and also look at the full month by month report for 2009 for Fishers Real Estate.

Fishers Real EstateFor September, there were 129 homes that sold compared with 172 in September of 2008. This is a 25% decline.

The most popular neighborhoods were Sunblest, South Avalon, and Sandstone. Of the 129 homes that sold 49 of them or 38% were in the $150,000 to $250,000 price point with only 15 homes over $350,000.

The average price per square foot was $93 and the average days on market were 71. (The Marchant Team days on market for 2009 is averaging only 59!)

The most expensive home that sold in Fishers was $2,625,000 in Breakwater with over 14,000 square feet and on 3 acres! The most inexpensive home was for $65,000 near 113th and Florida road with only 1,152 square feet.

The last two months (July and August) we have thrown out the possibility that we have "borrowed" buyers in the earlier months of the year. I think September continues to show that trend.

The other possibility is that in September of last year, the zero % financing ended so many buyers quickly purchased before that funding was sunset in the July-September timeframe.

Next month should be an interesting bar on our graph to substantiate one of these hypothesis. Distressed Property Graph for Fishers Real Estate

Another trend we are watching is the distressed property numbers. This month there were 21 of the 129 or 16% that were distressed.

Last year for the month there were only 9 or 5%. I have six closings this month and 4 of them are with a distressed property.

Remember if you are needing to sell your home and think you may be upside down or you are looking to buy a distressed property, this Fishers Realtor is very educated and savvy on those types of sales.

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

Halloween Activities in Carmel Indiana

There are some great Halloween events planned for Carmel residents! While October is a great month to purchase one of the 826 homes for sale in Carmel Indiana, it is also a great month to get out and enjoy our Indiana cool weather.

The Carmel Clay Parks has many events! If you have kids that like to color, they can pick up a coloring sheet at the Monon Center or at the website and submit it by October 23rd to be entered to win a prize. The artworHappy Halloweenk will be judged in age groups of 0-2; 3-5; 6-8 and 9-12 years old.

The Pumpkinfest will be on Saturday, October 24th from 12-4 and is FREE. You can purchase a pumpkin, enjoy a hayride and create a scarecrow!

There will be pumpkin decorating on October 17th from 2-3; pumpkins are $10.00 each.

There is a Pumpkin Patch Festival from 10-1 at the Clarian North facility at 11700 N Meridian. There will a bounce house, petting zoo, face painting, clowns and balloons for the kids. Costumes are encouraged!Happy Halloween

For other events around town; check out these sites:

Headless Horseman at Conner Prairie is a favorite for all!

A visit to Tuttles Apple Orchard to pick apples or take a hayride.

The 37th annual Pumpkin Harvest Festival in Noblesville is a great choice and available during October.

The Indianapolis Zoo is hosting Halloween ZooBoo during the weekends in October.

The largest Haunted House is at Hanna's Haunted Acres!

If trick or treating is all you want to do this Halloween, residents in Carmel will be trick or treating on Saturday, October 31st from 5 -8 p.m.

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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

Halloween Activities in Fishers Indiana

It's October and time to give you my Top Halloween Spot pics! From the hundreds of clicks on my Easter Egg Hunt post, I know many of you follow the blog to find out what's happening in and around the Fishers area as well as staying up to date on the Fishers Real Estate market. Just as an update, today there are 782 homes for sale in Fishers!

Happy HalloweenI think the Children's Museum is one of the best places to take your kids anytime of year! But at Halloween, they have the Tomb of Doom. From October 16th through the 31st, kids can wear their costumes and explore the Egyptian labyrinth of fun including the Desert of Despair, Vile Nile and Pyramid of Peril as they search for the Lost Mummy! There is a lights on version during the day for this event also.

The Indianapolis Zoo has their Halloween ZooBoo every weekend starting the 16th - Oct 30th. The zoo stays open late with the animals on exhibit. There is a hay maze, monster music, pumpkin bowling, a haunted train ride and trick or treat stations.

Something fun to do any time this fall is a visit to Tuttles Orchard where you can go on a hayride, weave your way through the four acre family friendly corn maze or pick your pumpkin from the pumpkin patch. You can also pick over 22 varieties of apples!

One of the most popular events for Fisher Home Owners is the Headless Horseman at Conner Prairie. The cost is $9 or $13 depending on the day of the week you go. There is storytelling, crafts, live music, and a nightly staging of "The Legend of Sleepy Hollow" complete with hayride.

There are so many other great Halloween events including:Happy Halloween

The 37th annual Pumpkin Harvest Festival in Noblesville is a great choice and available during October.

The largest Haunted House is at Hanna's Haunted Acres!

There is a Pumpkin Patch Festival from 10-1 at the Clarian North facility at 11700 N Meridian. There will a bounce house, petting zoo, face painting, clowns and balloons for the kids. Costumes are encouraged!

So, have a great October enjoying the events, have some warm cider, pumpkin bread and please continue to come back and read about Fishers Real Estate, Events and Happenings!

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

Listing Agent who actually sells!

With nearly 800 homes for sale in Fishers, it is important to have a Realtor® who understands the Fishers Real Estate market, knows how to set your home apart from others and communicates with you. Every so often I receive a call from someone who has their home listed with another real estate agent and they find me from this blog and ask me to list their Fishers home. The number one reason they switch from their current real estate agent is communication.

There are a variety of reasons to list you home with this Fishers Realtor that include:

  1. A track record in 2009 for selling at 96% of list price and in 59 days.
  2. The upfront work I do in staging your home and professionally photographing your home.
  3. The tips and tricks I have learned in 10 years of selling real estate; for example how to set your home apart from all the others on Craig's List with ★ symbols before your listing!
  4. The background I have in negotiating and conflict resolution makes for a smoother transaction.
  5. Communication!

As part of my normal communication, I create a Seller's Report that shExample of Seller's Reportows activity, competition, marketing and recommendations.

It gives the seller a snapshot of the activity and important aspects of selling their home in a timely fashion.

I usually like to do this report at least once a month.

Do I sometimes recommend price reductions, absolutely. Typically I ask for them after 11 showings or 21 days, whichever comes first. But, if they see what I am doing in terms of marketing, I think they understand my requests.

One of the latest recommendations I am making is holding an open house during the week, maybe a Thursday night with snacks! I attend conferences and educational seminars to get different ideas that help sell my client's homes. This is one of those ideas.

When you list your Fishers home for sale, you hope it isn't with a Realtor that just puts a sign in the yard, drops it in MIBOR with a picture or two and prays it sells. You want someone who spends time with you and understands why you bought the home and why you are motivated to sell it. You want someone who will give you suggestions on what to do to increase the price or decrease the time on the market. You want someone who gives you professionals to help "sell" your home like stagers and photographers and sometimes painters and handymen. But you aslo want someone who will communicate with you too. Read my references, call me and let's get your Fishers home sold!

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

Why use a Realtor when considering New Construction

There are currently 731 homes for resale in Fishers that were built before 1/1/09 and another 53 on the market that were built after 1/1/09.

Of the 53 new homes in Fishers for sale, 12 are condo's and 41 are homes. The majority of the new construction in Fishers are Ryland, Pulte/Centex and Estridge with a few MI, Drees, Beazer and Custom Builders. The average price per square foot of these homes that are at least 3 bedrooms and are residential versus condo is $141.00. A custom build is usually well over $150.00 a square foot.

I have spent the last couple of weeks working with various buyers that want new construction in the Fishers or Carmel area. You might wonder why would you use a Fishers Realtor® if you are building new construction here.

Most builders have employed integrity pricing, meaning they are doing very little negotiations. This is important to you because you want to know that what you paid for your home is close to what the neighbor paid for his. You don't want the Builder to have discounted it for whatever reason; it will just bring the value of your home down. That being said, there was a buyer that I represented and was able to negotiate 6% off his purchase price by providing comparables; so sometimes we can do that for our clients.

But you do want a Fishers Real Estate agent to represent you for the following reasons:Happy Clients

  • You will not pay any more to have buyer representation; the builder pays the commission from a marketing fee. It will not change the price you pay for the home whether you use a Real Estate Agent or not so why wouldn't you want someone to represent you.
  • One of my clients was torn between two builders, so I ran comps for both neighborhoods so they would know what the price per square foot and the days on market were in each neighborhood. They could be vastly different by neighborhood and that impacts your resale and appreciation.
  • The builders do offer incentives and how the incentive is structured can matter to you. For example one builder is giving 3 points. Most people assume that is to buy down the rate. It would take you 30 years to realize the full benefit of that. But what most people don't know is that you can do a 3-2-1 ARM loan or you can have the builder pay your interest for six months or until the 3 points are used up, whichever comes first. That allows you to receive the full benefit in 6 months. For example if you buy a $300,000 home; those three points equals $9,000 off your payments in the first six months!

Read the rest of the article at MyFishers Blog!

Search homes for sale in Fishers by Neighborhood

Other Northside Blogs (Carmel, Noblesville, and Geist)

Search Homes in Fishers IDX Your Fishers Homes Value CMA

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