Michael Taylor

Here are the numbers for real estate in Noblesville for October 2009:

We see a huge jump in the number of homes sold over and a pretty big price decrease over the same time last year. Both of these fluctuations can probably be attributed to the then impending tax credit expiration. The number of homes sold going up is a pretty obvious connection to the tax credit. The average sales price going down is likely that the tax credit pushed many more first time home buyers into the market who purchased homes at a lower price point and thus lower the average sales price.
All in all, the Noblesville real estate market seems to do just fine. If you are considering buying or selling a home in Noblesville feel free to visit our Indianapolis homes website. You may also be interested Deer Path Noblesville one of the area’s most popular and most affordable area or Sagamore homes for sale in Noblesville one the area’s most exclusive neighborhoods.

Here are the numbers for all homes in Indianapolis that are active, pending, and sold in October 2009:

As one might expect with the then impending deadline of the tax credit, we see a huge jump in the number of homes sold from this time last year. The average sales price stayed pretty much the same which is an improvement over the 3% decline we have seen on average. Days on the market were down and both price per square foot and listing price to sales price were up. This is all great, however, as I have cautioned before these could be, and probably are, are somewhat false reading of the true market. The tax credit expiring really pushed a ton of people into the market over the last couple of months and this will have an effect on the numbers. I am cautiously optimistic about the Indianapolis real estate market at this point.
If you are looking to buy or sell a home the Indianapolis area, please visit either one of our websites above. You may also want to visit our Indianapolis real estate blog or maybe even our Broad Ripple real estate website.

Here is a look at the Carmel IN real estate market for October 2009:

Do you see what I see??? Holy shift in numbers…a 70% increase in the number of homes sold and a 13% increase in the average selling price!!! Wow! I really did not expect to see this kind of swing in the Carmel area. I don’t know if it the tax credit or what, but it would reason that areas like Noblesville or Fishers would be better candidates for swings like this. Well, I am not complaining just shocked. This is great news but as always let’s take it with a grain of salt and see how the market does over the next couple of months before we start celebrating too much.
If you are looking to buy or sell a home, please visit our Carmel homes for sale website for more information or our Carmel Indiana subdivisions page. You might also want to visit our Indianapolis real estate website for more info.

Here is what happened for real estate in Fishers Indiana for October 2009:

Well, considering the tax credit coming to an end; I expected to see a big increase in these numbers. I might be able to justify a decrease in the average sales price because the first time home buyer should be purchasing the less expensive homes on the market. However, I am shocked to see a decrease in the number of homes. Until this tax credit crunch is behind us, we really won’t be able to get a good grasp on the market.
If you are look to buy or sell a home, please visit our Fishers homes for sale website for more information. You may also want to look at our Fishers Indiana neighborhoods page or our real estate in Indianapolis website.

Here is a look at what happened on the Zionsville real estate market in September 2009:

This was actually not a bad month at for Zionsville homes. A 13% increase in the number of homes sold and basically unchanged average sales price since the same time last year. The year to date numbers for Zionsville show an 18% decrease in the number of homes sold and 2% increase in the average sales price. The absorption rate is at 10.14 which is higher than other northern suburbs of Indy like Carmel and Fishers but not out of control. There are currently 311 Zionsville homes on the market with an average asking price of $587,478.

If you are thinking about buying or selling a home in Zionsville, please visit our website for more information. You may be interested in Spring Knoll Zionsville or The Enclave Zionsville.