Michael Taylor

Here is a look at what happened on the Indianapolis real estate market for homes under 500K in March 2009:

As you can see, still a pretty sharp decrease in the number of homes sold since 2008. However, the average sales price is down only 3% over last year. This is a great improvement even since the beginning of the year when we saw 10% decreases in the average sales price. In addition, the absorption rate is a very reasonable 7.63 which indicates a pretty healthy housing market.
If you are considering purchasing a home in Indianapolis, visit our website to search all homes available. We have the entire MIBOR database of homes on our website. You may also want to visit our Broad Ripple real estate and/or our Geist real estate pages for more info on those areas.

I decided to run some numbers of active, pending, and sold Bridgewater Club homes in Carmel for first couple months of 2009 and I was a little shocked to learn that no homes have closed yet. In fact, no homes are even pending since the beginning of the year. Here is what is happening in The Bridgewater Club in 2009:

- There are 45 active homes on the market
- The average asking price for homes currently on the market is $869,146
- The highest priced on the market right now is $2,099,000.
- The least expensive home is listed at $189,900.
- The average days on the market is 155.

Since there are no pending or sold homes in the Bridgewater Club this year, I don ’t have any other numbers to report. If you are considering buying or selling a home in the Bridgewater Club, visit our Carmel Indiana real estate page to see all homes for sale in Carmel including the Bridgewater Club. We also have Carmel’s most popular neighborhoods including West Clay and Plum Creek just to name a few.

Here is a look at what happened on the Pike Township real estate market in January 2009:

OK, something must be wrong. We don’t see an increase in both the number of homes sold and the average sales price do we? It appears that we do! Let’s not get too excited, something tells me we should be cautious before we celebrate too much. Nonetheless, this is good news to see an increase in both the number of homes sold and the average sales price. We will have to see what the months ahead bring, but let’s hope it is more of the same.
If you are looking for a home in Pike Township, please visit our Indianapolis real estate website to search all available homes in Pike Township and the rest of Indianapolis. If you are interested in Pike, you may also be interested in Zionsville homes or Washington Township real estate.

Here is a look at what happened on the Indianapolis Washington Township real estate market for January 2009:

Not a good start to 2009 for Washington Township with pretty big decreases in both the number of homes sold and the average sales price. The number of homes sold is as big of a concern as we have seen that across the board and come to expect this number to be significantly lower than last year. The average sales price is what is concerning; a 14% decrease since last year is not good. Here is the thing about averages though; they can show a false picture. If you run the same numbers and only include homes sold from $100,000 to $800,000, the average sales price actually went up slightly over last year. This tells me the lowest priced homes are the ones taking the biggest hit while the “average” homes seem to be on par with areas of Hamilton County.

If you take too broad a look at the market, it can show deceptively low numbers and feed into the doom and gloom mentality. However, if you break the data down into more representative chunks it tells a truer story of what is actually going on. Washington Township homes in this middle price range appear to be doing just fine; it is the lowest priced homes that are dragging down the averages. Broad Ripple real estate and Meridian Kessler homes are two such areas where homes still remain popular. Please visit our Indianapolis homes for sale website for more info on these areas and more detailed market reports.

Here is a look at what happened on the Lawrence Township real estate market in January 2009:

As you can see, the Lawrence Township market is very similar to its Hamilton County neighbors; posting a pretty big decrease is the number of homes sold while only seeing a slight decrease in average price. The average days on the market did increase by 26% while the average price per square feet was down by 6%. Overall though, not too bad considering.

If you are considering purchasing a home in the Lawrence Township area of Indianapolis, please visit our Indianapolis real estate website to search for homes available. You may also want to visit our Fishers real estate, Geist real estate, or our other Fishers real estate websites.