Active Homes for sale in Fishers Indiana for May total 735.  What is most interesting is of the 189 new listings that came on the market in May, nearly 20% of them were from high end neighborhoods (sale price over $500,000) including Bridgewater, Canal Place, Lake Stonebridge, and Windermere Pointe.  This may tell us that consumer confidence is beginning to come back or it may tell us executive job loss is on the rise; what’s your call?

This market report covers the activity for May 2009 and is for both Delaware and Fall Creek Townships.   Please be sure to look at our Market Report category for previous month reports.  

Active Single Family Homes Listed in May                   189

Single Family Homes Currently Active                        735

Single Family Homes Sold in May                               140

Average Sale Price per sq ft                                     $96 (Nearly a 10% increase over last month)

Average Days on the Market                                      70 (Over a 25% decrease over last month)

The neighborhood with the most sold in May were Sumerlin Trails (7) and Sunblest Farms (8).  These are first time buyer priced neighborhoods so that makes sense to see those turning over more.  If we look at May of 2008, we had 167 homes sell, compared with 140 in 2009.  This is a 15% decline from 2008; this is still encouraging since our decline %ages have been in the 30’s for previous months of 2009 compared with 2008. 

What is, however, very interesting is the number of distressed homes (aka deals in Fishers Real Estate!) that sold in May.  In 2008 we had 5 or 3%; in 2009 we had 14 or 10%.

The most expensive home that sold in the Fishers Real Estate market was $1,155,000 this month in The Hawthornes near 106th and Geist Road.  It was on the market for 292 days. The lowest priced home was in Marilyn Ridge for $71,000 and it was in foreclosure. 

The neighborhoods with the most new listings this month include Brooks Chase (5), The Bristols (4), Woodberry (6) and Sunblest Farms (9).  You can search for any Fishers Real Estate for Sale by Neighborhood here!

Landover HomeThe most expensive Fishers home listed this month is actually one of mine, at $2,200,000 in The Overlook and sits on hole 16 with over 11,000 square feet.

Finally, one last tidbit that I think supports the Fishers Real Estate market being hot. Of the 117 homes pended in May; 39 of them or 33% were on the market LESS THAN 30 DAYS!  Also of those 117 homes pended 44 or nearly 40% were less than $175,000.  The first time buyer is buying and in some cases, actually being too late to get the house they want because there is competition for that price point.

If you would like information about your specific neighborhood such as active listings, average price sold over the last year, or appreciation rates, please contact this Fishers Realtor.

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 Cindy “in Indy” Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
317-290-7775