Michael Taylor

Here is a look at what happened for Fishers homes that sold in July 2009 vs. July 2008:

Well, just when I thought we might be turning this thing around July comes in with some weak numbers. The number of homes sold being off I can live with, but the average sales price dipping down again is maddening. Last month, we saw a little tick up in the average sales price and I was hopeful this was a sign of things turning around. Well, I guess not so fast. The good news is that the absorption rate actually went down to a healthy 5.41. The fundamentals of the Fishers Indiana real estate market are strong; we just need the consumer confidence to catch up and Fishers will be doing fine.
If you are considering buying or selling a home in Fishers, please visit our Fishers real estate page to search all homes that are currently on the market. One of the most popular neighborhoods in Fishers you might want to look is Spyglass Falls.

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

I am almost afraid to say it, but it looks like Fishers actually had a good month in the midst of all this madness that is the “housing crisis”. The number of homes sold was basically the same as it was last year; an amazing feat in this market. In addition, the average sales price was up 3% over last year! More good news…the absorption rate dropped slightly to a very sustainable level of 5.57. I don’t want to get too excited but, let’s hope this continues!
If you are looking to purchase a home, please visit our Fishers real estate website to search for all homes for sale. You may be interested in viewing some of the more popular subdivisions such as Sunblest Farms Fishers and Sweet Briar in Fishers.

Lakeside Park in Westfield by Drees Homes seems to be one of those communities that continually draws interest and remains a popular choice for home buyers in the Westfield / Carmel area. Lakeside Park technically has a Westfield address but attends Carmel schools. I think the central location, quality homes, and Carmel schools all contribute to make Lakeside Park a popular choice when looking for a home in the Carmel area. Here is a look at YTD 2008 vs. 2009 in Lakeside Park:

     
As you can see, despite a 45% decrease in homes selling Lakeside Park the community still squeaked out an increase in the average sales price. In this market, that is impressive. Now, Drees Homes is still actively selling homes in Lakeside Park so this data does not included the new homes. If you are considering building a home in Lakeside Park, visit our Carmel Indiana real estate page for more information about Carmel homes and real estate. You may also want to visit our zip code pages: 46033 real estate and 46032 real estate.


 

Here is a look at what happened on the Carmel Indiana real estate market for home under $700,000 in March 2009:

We see a pretty sharp decrease in the number of homes sold this year verus last year. We are also seeing a relatively big, 7%, decrease in the average sales price for Carmel. One metric that is encouraging is the absorption rate, or number of months supply of homes on the market, is still at a very respectable 7.29. This is pretty good indicator that the market is still quite stable and actually well balanced.

If you are considering buying or selling a home in Carmel, please visit our Indianapolis homes website to learn more about us and search all homes in MIBOR. You can also visit our Indianapolis real estate blog to keep up to date on what is happening.

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

Maybe I am in denial, but I just believe these numbers. I might buy a 30% decrease in the number of homes sold in Fishers, but I cannot buy a 15% decline in the average sales price. I think it was unusually high in 2008 and low in 2009. I guess time will tell, but I don’t believe it. As we get into selling season full swing, the next few months should tell us what is really going on with the Fishers real estate market. If you look at the absorption rate in Fishers it is 5.33 which indicates a very healthy real estate market. I guess we will have to wait a couple of months to see if this levels out.
If you are looking for a home in Fishers, please visit our Indianapolis real estate website where you search the entire MIBOR database of homes for sale. We have the most popular subdivisions in Fishers listed such as Ashwood and Avalon.