“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Chris Camperelli

Some Market Stats for Avon, IN and Washington Township

I dug up some stats out of MIBOR (Metropolitan Indianapolis Board of Realtors) for Avon and the surrounding Washington Township area for the past twelve months, from 10/8/07 to 10/7/08:

For residential (single family and condominiums):

Currently for sale: 515

Average Listing Price: $212,625

Average Days on Market: 140

In addition, the typical listing is a 3 bedroom, 2.5 bath home. 4 out of 5 have at least 1 fireplace and 22% have basements. Homes have an average of 2,244 sf.

Sold in the past 12 months: 838

Average Sale Price: $166,720

Average Days on Market: 84

Home which have sold are 3 bedroom, 2.5 bath homes. 2 out of 3 have at least 1 fireplace and 22% have basements. Homes have an average of 2,330 sf.

This also indicates, based upon number of homes sold versus now for sale, that there is a little over a 7 month supply on the market here. Sellers (and in most cases, their real estate agents) are still placing their homes on the market at unrealistically-high prices, as indicated by the sold vs. active data above.

PRICE YOUR HOME CORRECTLY. You benefit by attracting more buyers, selling faster and for closer to what you are asking.