Indianapolis/Fishers Real Estate

We are all curious when the Fishers Real Estate market will return to normal levels, I think looking at trends is the best way to determine that.  For this post; I have pulled all of the sold homes in Fishers (both Delaware and Fallcreek Township) for each month from January to July comparing 2008 to 2009.

The numbers actually look fairly close for most months; within a couple of percents.  The exception is actually July.  We are down 14% from a year ago.  I think there are possibly two reasons for this.  The first is the date I am actually running this analysis, August 6th.  Some real estate offices do not get their data loaded in a timely manner, so there still may be homes that have closed but are not yet entered for July 2009.  The other reason might be a bit more alarming; all of the first time home buyers have entered the market and bought something and so those buyers aren’t as plentiful in July. 

Year to date there have been 935 homes in Fishers that have sold compared to 981 in 2008 or a 5% decline.  From these numbers, I think we can say that the media sometimes over states a National phenomena at a local level.  There are still some issues with days on market and the average price per sq ft that is sold.  Be sure to check out all of our Fishers Real Estate Market Reports for more details on these statistics!

I also ran a graph for distressed properties by month comparing 2008 and to 2009 and that is a far more interesting graph.  It is easily seen that the number of distressed properties is way up in 2009 and it is probably not a big surprise based on what we hear in the media.  It looks like the distressed properties actually began to be an “issue” in June of last year so hopefully we will see 09 start to be less than 08!  This is exactly what we have in July!

Our team has actually had some great success in securing great deals on distressed properties for our buyers.  Ben, is one of our clients that got a $200,000 home for about 75% of value.  Distressed properties do provide some great opportunities if you have a Certified Distressed Property Realtor on your team and we do!  This can be valuable if you are looking to buy AND if you are looking to sell because she can guide you on avoiding a possible foreclosure and the effects that will have on your credit.

It’s a bit of a lengthy post this month; but market statistics are important for any Realtor® that is at the top of their game.  Realtors® need to know absorption rates, market statistics and Fishers neighborhood values as well as how to price, negotiate and get the transaction to the closing table which is a challenge these days.  Want the best Realtor in Fishers, call or email me.  I will take you through the process and get you the best deal in the shortest amount of time.

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Other Northside Blogs (Carmel, Noblesville, and Geist)

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