Michael Taylor

Here is a look at the Noblesville real estate market for September 2009:

These numbers actually lie, sort of:) While these are true and accurate numbers, this is an example of how stats can be used to twist the truth. Yes, technically the average sales price dropped 13% in September 2009 over the same time last year. However, that is factoring all homes that sold; even a few high end homes that seem to be distorting the number dramatically. If we take a look at the same number but put a cap on the listing price at $600,000 we see a totally different picture:

Instead of a 13% decrease in average sales price, we see only a 1% decrease. A whole different story.

If you are looking for homes for sale in Noblesville, please find a Realtor who really understands the market and does their research. You can visit our Indianapolis real estate website for more information about Noblesville. Some Noblesville most popular neighborhoods include Deer Path Homes and Lochaven homes.

Here is what happened on the Carmel real estate market for September 2009:

What a mixed signal with the number of homes selling going up over 20% since last year but the average selling price falling by 10%. I have a theory to explain this…the tax credit. Since the average sales price in Carmel is much higher than other areas the tax credit expiring will create more sales but it will also temporarily drive down the price in Carmel. This is because most buyers who qualify for the tax credit in Carmel are not going to be buying a house for $350,000. I suspect we may similar stats over the next 2 months as the tax credit expires, but we will have to wait and see if my postulation is correct:)

If you are considering purchasing a home, please visit our Carmel homes website for sale page to view all home currently available. You may also want to visit our Carmel Indiana subdivisions page to view a list of neighborhoods like West Clay homes broken down by price.

Here is a look at what happened on the Fishers Indiana real estate market for August 2009:

I am not sure if we are seeing the affect of the pending expiration of the tax credit but that would help explain the jump in average sales price. What is interesting is the number of homes sold is still down quite considerably compared to last year. I would have expected to see a spike in the number of sales as well. Perhaps this is coming over the next two months as the tax credit crunch really hits.
What is great news for the Fishers real estate market is the inventory is dwindling and we see only a 5.01 month supply of homes which is fantastic in this market.
If you are considering purchasing or selling a home in Fishers, please visit our Indianapolis homes website and be sure to read our Indianapolis real estate blog to stay on top of news and events around Fishers.

Ryan Homes has come to the Indianapolis area and has taken over most if not all the CP land that remained undeveloped. It appears that Ryan Homes Indianapolis will be continuing to serve the same first time home buyer that CP Morgan did with homes starting in the 90’s – 130’s.

Ryan Homes will be building in 10 communities in the metro Indianapolis area including Brownsburg, Franklin Township, Greenwood, and Noblesville just to name a few. We have put together a few resources for you to keep up with what is going on as Ryan Homes comes to the Indianapolis market. Please visit the follow websites for more information:

Ryan Homes Indianapolis

Ryan Homes Brownsburg

Ryan Homes Noblesville

Ryan Homes Greenwood

You can also visit our Ryan Homes Indianapolis blog to see what is happening with them.

Today I wanted to highlight one of Fishers most popular neighborhoods and check in to see how it is doing in the current real estate market. They always say “all real estate is local” and that applies even down to the subdivision level. This is why it is important to look at what is happening in your particular subdivision that you are considering buying or selling in. It is of course good to know what is going on at the national level and the city level, but the most important numbers to look at are the ones in your particular neighborhood. So, without further ado let’s take a look at what is happening with Plantana homes for sale in Fishers Indiana for 2009 compared to 2008:

The high and low selling prices are fun to watch, but not a great indicator of what is happening. The two most important numbers, I think, are the number of homes sold and the average selling price. Here we see a decrease of 38% in the number of homes sold and a decrease of 7% in the average selling price. These are YTD numbers compared to the same time frame last year. The average days on the market is up 12% or another way to say it is that it is taking 10 days longer to sell your home this year.

In addition to the above stats; there are currently 5 homes actively on the market with an average asking price of $170,900. There are also 3 homes pending with an average list price of 155,433.

In the case of Plantana homes in Fishers, it appears that the decrease in the number of homes sold and the average sales prices actually seems to be in line with what is going on at the Fishers city level. The number of homes sold is down more in Plantana, but it is hard to draw too much of a conclusion with such a small sample. So it looks like Plantana it not doing great, not doing bad, but just on par with the rest of the market right now.

You can also visit either this Fishers real estate or this Fishers real estate website for more information and to keep up to date on the Fishers market in Plantana and beyond.