Jan
8
Homes Sold in Fishers 2011 Stats
Posted by marchantteam under Fishers, Market Reports, Sellers Corner
Homes sold in Fishers for the year 2011 compared to 2010 were actually only 2% different. There were 1447 homes sold in Fishers in 2011 compared with 1476 a year ago. 
Thank goodness for the third quarter, the only quarter where we outsold 2010. The reason is simple…in 2010, the first time buyer credit expired on 6/30/10 so that there were virtually no more buyers in the 3rd quarter of 2010.
It is good to see amidst all of the negative rhetoric about the declining housing market that at the end of the year we can see our local Fishers Real Estate market be within 2% from a year ago.
Other good news includes the average selling price. This year, an average home in Fishers sold for $241,058 compared with $229,909 a year ago. This represents about a 5% increase in the selling prices.
The only bad news is the length of time a home for sale in Fishers is on the market. In 2011, the average was 91 days, the median (most common) was 69 days…so still better than most cities in the country. In 2010, our average days on the market were 81 and the median was 59. So basically our sellers in Fishers are staying on the market an extra 10 days in 2011 and they do that for a 5% increase in selling price…a good deal I would say.
The Marchant Team sold 38 homes and our average days were 69; so we typically can sell faster than the average agent in Fishers.
We do this because we have experience in preparing a home for sale (i.e. staging), pricing the home correctly and marketing the home better than most (i.e. IVR system, enhanced website placement, etc).
If you would like to discuss how to sell your home with the Marchant Team, we would love that opportunity; to exceed your expectations.
Cindy in Indy Marchant – Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
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Dec
11
Fishers Real Estate Market Report November 2011
Posted by marchantteam under Fishers, Market Reports
The news for homes for sale in Fishers is getting gloomy. The last several months have seen declining numbers compared to prior years. It certainly isn’t the low interest rates, I saw 3.25% on a 15 year last week at a closing. It certainly isn’t seller motivation, I have seen seller’s give up way more than the average 5-7% on a list price. What is it then? Perhaps consumer confidence and with an election looming in 2012; I am not sure we will be out of this for quite awhile.
The numbers for November 2011 showed an 18% decline from last year at this time. In 2011, 72 homes sold in Fishers compared with 88 last year and 123 in 2009!
The stats are equally gloomy with the average days on market at 103 in 2011 compared with only 88 a year ago. The average price of a home sold in Fishers in 2011 was $246,973 compared with $248,382 a year ago.
Some of the neighborhoods that sell like hot cakes fell off this month, most notably Sunblest. It had only one home sold this month. The only one that seems to be holding its own is Avalon of Fishers, the Pulte subdivision just north of 116th on Olio. They sold 5 homes this month.
The lowest priced home was an 1850 sq ft home in Luxhaven selling for $40,000 and Fishers saw two over $1,000,000 sell this month.
If you are thinking of selling your home in Fishers, be sure you have the best Real Estate agent in Fishers helping you. Review the comparables with them, don’t just assume they or you have the right number. Compare sq ft, compare finishes, compare lot, compare upgrades, etc. Get the right price out of the gate! Then stage it and show it whenever you can…and hopefully 11 showings later (my average), it will be SOLD!
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Cindy in Indy Marchant – Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
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Nov
7
Fishers Real Estate Sold Market Report October 2010
Posted by marchantteam under Fishers, For Buyers, For Sellers, Market Reports, Marketing Reports
To spice up the post this month, I am going to give you two slices of the Fishers Homes that have sold, my standard graph and then also a chart. I have about 200 faithful readers and would love to know which you prefer. You can either comment on this blog or send me a quick email. I love the questions and comments you are sending to me; I write so much about the Fishers Real Estate market, there is virtually nothing I can’t answer as a result. So, continue to ask away!
Looking at the graph, you can see another month lower than the previous year. It will end sometime, I promise! This month there were 104 homes for sale in Fishers that sold compared with 139 in October 2009. There were a couple of similarities: the number of distressed properties was the same at 18 and the number of luxury homes (over $500,000) was the same at 7.
One of the more notable items as I reviewed the data were some homes that sold in Gray Eagle. There were three of them that caught my eye.
One for $375,000 selling for $338,000 (right at 90%); one for $269,000 selling for $237,000 (91 %) and one for $245,000 selling for $225,000 (92%). You might remember me telling you that for 2009, the Marchant Team sold at 97% of list price. You can see by the above stats that not everyone makes that attempt. 
The chart on the right shows some interesting stats. It shows the DOM increasing by 7 which is really good news given the decline in sales. The average price of homes has actually increased 10%.
Neighborhoods in Fishers with high activity this month include Gray Eagle, Sandstone Lakes, Sunblest and the Bristols. The other neighborhood that is noteworthy is Idlewood selling two. It is noteworthy because there are only about 70 homes in the neighborhood.
So to sum up the market…we are still in a declining sales mode from the prior year, but we did sell more homes than last month and our average price of homes is increasing.
Want to know about your neighborhood in particular, contact your Fishers Realtor for an easy no commitment answer!
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Cindy œin Indy Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
317-290-7775
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Apr
7
Fishers Real Estate Market Report March 2010
Posted by marchantteam under Fishers, For Buyers, For Sellers, Market Reports, Marketing Reports
I know that March was a great month, but I will lay odds April will knock it out of the park. If you read the recent posts on the Fishers Real Estate that has pended, you would probably agree! There are so many buyers out there still trying to get the tax credits that are available for first time buyers and repeat buyers.
There are currently 810 homes for sale in Fishers, with 173 of those under $150,000.
For March 2010, 136 homes sold compared with 127 a year ago. The neighborhoods that saw the most activity were the usual with Sunblest Farms, but we also saw many homes in Saxony (near Hamilton Town Center), Spyglass Hill and The Bristols sell this month.
I also wanted to mention Limestone Springs, this is a tough area for sellers, but a bargain for buyers. There were four homes in Limestone that sold, one was the lowest of the month at $86,000. Those same homes sold for $150,000 four years ago. I currently have one in there at 12145 Bubbling Brook that is pottery barn decor and in excellent condition; it is a short sale and listed for $116,500 but may be reduced soon.
The days on market for 2010 were 87 compared with 98 a year ago, so great improvement. I will toot my horn here, and tell you that for 2009, the Marchant Team sold their homes on average in 67 days! The price per sq ft was $92 in 2010 compared with $90 in 2009.
The highest priced home sold for $950,000 in The Hawthornes. It had 8,600 sq ft and was on the golf course. The Hamilton Proper neighborhood is a beautiful area. 
I realize this post is a bit lengthy…but I do want to touch on the 1st quarter for Fishers Real Estate.
If we compare 2010 to 2009 we will see that the number of homes sold in Fishers was almost exactly the same. There were 291 in 2010 and 294 in 2009. We are still substantially behind 2008, but all the indicators in the real estate world are favorable so we should continue to see good news!
The price per square foot was also nearly the same with $94 in 2010 and $95 in 2009.
I think the only “caution” I will put out there is the interest rates. All the indicators for that are saying they will rise over the next few weeks and months. So if you are on the fence on whether to purchase a home, jump off and into the market!
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Cindy œin Indy Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
317-290-7775
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Apr
3
Fishers Real Estate Market is Unbelievable
Posted by marchantteam under For Buyers, For Sellers, General Information, Market Reports
The Fishers Real Estate market is crazy good this Spring. While there are 807 homes for sale in Fishers, we are seeing many homes sell! There are currently 206 homes that are pended; 125 of those pended in March 2010 and 47 in February and the reminder prior to that. Those are a lot of homes for sale in Fishers that are now under contract.
There are an additional 72 that are “Active with Back Up”. That means there are 278 homes for sale in Fishers with contracts!
Pended means that there is signed contract and the transaction is likely to close. The “Active with Back Up” means that there is a signed contract, but either earnest money has not been delivered, the inspection has not been completed or there may be an issue with financing; something that the listing agent is uncomfortable with so they choose NOT to pend the home.
Active with Back Up for a potential buyer is somewhat risky; they may fall in love with a home and be the 2nd in line to purchase it waiting for something to go bump in the night with buyer #1.
What is even more interesting is the over $500,000 market, there are 10 homes that have pended with the highest at $2.2 million. The Fishers luxury market is starting to move too!
There were 30 distressed properties that have pended which is about 15% of the market. There were an additional 17 distressed properties in the “Active with Back Up” for a total of 47.
Many of the current pends are for sale by the Marchant Team; we are having great success in selling our listings. Our stats for 2009 were days on market of 67 days and a sell price to list price percentage of 97%!
This is all great news and my next post will be on the first quarter stats for Fishers Real Estate. But, I probably should say that I am a tad concerned that the first quarter will look very favorable because of the First Time Home Buyer and Repeat Buyer credits. May and June will tell us the full story. So be sure to come back and read the latest !
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Cindy œin Indy Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
317-290-7775
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Mar
11
Fishers Real Estate Market Report February 2010
Posted by marchantteam under Fishers, For Buyers, For Sellers, Market Reports, Marketing Reports
There are currently 772 Fishers homes for sale and 91 homes pended (received an accepted offer) during February. The graph shows that for the second month in 2010 we are seeing fewer homes sell. The difference if fairly marginal this month; the solds were only 7 homes less than a year ago.
The average price per square foot remains constant at $87.00 and the days on market improved from 107 in 2009 to just 83 in 2010. It is definitely a great time to be selling.
The neighborhoods that sold the most in February 2010 were Brooks Chase (4), Marilyn Ridge (4) and Sunblest (5). This is probably indicative of the first time buyers credit still in force because these neighborhoods typically have homes priced lower than $150,000.
Remember that the Marchant Team has a first time buyer class every month on the last Thursday of each month. We have a lender, inspector and a Real Estate Agent discuss the process and answer questions. Registration is required.
The highest priced home was in Hamilton Proper for$520,000 in Turne Grove. The lowest priced home that sold was in Cedar Cove for $83,900.
One point worth mentioning in this Fishers Real Estate market report is related to distressed properties. In 2009 12% of the Fishers homes sold were distressed, in 2010 that number has jumped to 25%. It continues to be a sign of the times that we have distressed properties. The fall out of this is appraisals for “normal” homes in these neighborhoods will use these distressed properties as comparables.
If you would like to get an idea of what your home may sell for, I can give you an analysis that is free to you. I also have access to an appraiser who will appraise your home for a very very reasonable price. If you are curious or you are still wanting to take advantage of the “repeat” buyer credit email me at cindymarchant@comcast.net and I’ll help you through the process.
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Cindy œin Indy Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
317-290-7775
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Jan
26
Was your Fishers Neighborhood one of the best in 2009?
Posted by marchantteam under Buyer Information, Fishers, For Buyers, For Sellers, Market Reports, Marketing Reports, Neighborhoods, Sellers Corner
I just recently posted my year end 2009/2008 analysis of the Fishers Real Estate Market; but wanted to dig a little deeper and look at the statistics by neighborhood. You may recall that of the homes for sale in Fishers in 2009, 1,615 were sold compared with 1,676 in 2008; a 3.5% decline. The full report for the 2009 Year in Review for Fishers Real Estate is available for you to read.
This first graph shows us Fishers most popular neighborhoods, many of which I have written detailed reports on this blog.
Each month, one of the neighborhoods that sells the most is Sunblest Farms located near the center of town. In 2009, 89 homes were sold compared with 62 in 2008. Part of the higher numbers is the neighborhood has nearly 1500 homes.
Other popular neighborhoods shown are Sandstone, Gray Eagle and Sumerlin Trails.
Of the 10 neighborhoods shown, five of them sold less in 2009 versus 2008, four sold more and Spyglass Hills sold exactly the same at 19.
This next graph shows us the price per sq ft by neighborhood between 2009 and 2008. Overall for 2009, the average price per sq ft was $92.80 compared with $97.05 in 2008. But there were neighborhoods that saw an increase or appreciation in their pricing.
For example, Sumerlin Trails saw a 14% increase in pricing and both Meadow Brook and Sweet Briar saw a 2% increase. Most of the other neighborhoods did see slight decreases between 1-3%. Sandstone remained constant.
The days on market for Fishers homes for sale in 2009 were 75 compared with 81 in 2008; so they sold quicker! The graph for that might make this blog post a little busy, so I will highlight it just in text. The neighborhood with the best improvement in DOM was Sunblest moving from 70 days in 08 to just 52 in 09. Only two neighborhoods saw higher DOM’s; they were Gray Eagle (5%) and Windermere (6%).
For the Marchant Team, our days on the market were 60 per the most recent MIBOR report. Of the thousands of Realtors ® in the Metro Indy area, the Marchant Team ranked 10th in the city in 2009. This Fishers Realtor has her pulse on the Fishers market, enabling me to be in the best position to sell your home or find you a new home. Be sure to read all of the Fishers Real Estate Market Reports.
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Cindy œin Indy Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
317-290-7775
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Jan
10
2009 to 2008 Fishers Real Estate Year in Review
Posted by marchantteam under Fishers, For Buyers, For Sellers, Market Reports, Marketing Reports
I was very anxious to view 2009 to 2008 to determine if we had declining values in Fishers, specific trends and any good news! I am an accountant by background and love the analytics of evaluating real estate; I also am a very good negotiator as a result of my previous training. That is a trait you WANT in your Fishers Real Estate Agent!
For 2009, there were 1,615 homes that sold in Fishers compared with 1,676 in 2008 so a decline of about 3.5% during what has been termed the most turbulent year in the housing market ever. Apparently no one told the residents in Fishers that!
If we look at the days on market (DOM) and price per sq ft, we see 2009 at 75 DOM and 2008 at 81 DOM which is an improvement! Homes were selling faster. The Marchant Team had seven homes in 2009 that sold in less than 20 days! Our average for 2009 was 67.
The price per sq ft in 2009 was $92.80 versus $97.05 in 2008; so some disappointment there as we saw a decline in the Fishers Real Estate market. There may be a few reasons for this. I noticed seller motivation very high this year as move up buyers saw great opportunities on the buy side and were willing to give more on the sale side. In addition our foreclosure and short sales were significantly higher this year (50%); these homes will typically sell for less per sq ft.
For December, we saw 81 homes sell compared with 102 in 2008 (it might be that folks have not turned in their year end closings yet, so I’m not overly alarmed by that). The highest priced home was $1,150,000 in the Horizons with 9,000 sq ft; keep in mind this home had been on the market since August of 2004 starting at $1,600,000.
There was a home in Lake Stonebridge that sold for $295,000 that was bank owned; normally that neighborhood is well into the $500,000 to buy. I know, it is where when I sell enough real estate, I will move!
You can look back to our monthly Fishers Real Estate market reports to see how each month looked and the neighborhoods that sold well. Statistics always vary by location right down to neighborhood. Let me know if you are interested in how your neighborhood faired. Or you might find it as a Fishers Neighborhood I have already highlighted. Our team writes varies area blogs, including the Noblesville Real Estate year end Market Report and the Carmel Indiana Real Estate year end Market Report.
It is always good to know what is ahead as well and while I wish I could tell you your house will sell for $5,000 more than you thought in 10 days with multiple offers, I can’t. There are some trends worth reading about though to help you sort through the Real Estate Market for 2010!
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Cindy œin Indy Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
317-290-7775
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Nov
11
Fishers Indiana Real Estate Market Report for October 2009
Posted by marchantteam under Fishers, For Buyers, For Sellers, Market Reports, Marketing Reports
It’s my monthly analysis of the Fishers Real Estate market. There are currently 759 homes for sale in Fishers, with 135 of them below $150,000. Here is a quick list of those homes less than $150,000 in Fishers; it is dynamic so changes daily. Those are great homes for first time buyers to take advantage of the extended $8,000 tax credit. If you haven’t already heard, there is a credit for repeat buyers as well now. The rules are:
- Must have lived in the home five of the last eight years
- Must have a married income of less than $225,000 or a single income of $125,000
- Must purchase a new home
- Both the sale and buy must take place between now and 4/30/2010; closing before 6/30/2010.
Moving into the October market for Fishers, we saw 118 homes close compared with 114 last year. This is great to see after several months of 2008 beating 2009. We are currently still behind about 7% from a year ago in looking at the year to date figures. In terms of distressed properties, there were 15 this month and 14 last October.
The average days on market were 80 this month which is substantially less than they were a year ago at 96. The average price per square foot remains relatively constant at $100 from a year ago; so not a great deal of appreciation this year although it DOES vary by subdivision.
We saw Sunblest Farms hit it out of the park this month with 7 sold properties and the days on market were 4, 5, 8, 13 and 34 for five of those. When you can list a house and sell it in the same week; that’s a hot neighborhood!
Lake Stonebridge had three that sold this month; it is where I ultimately want to retire! I watch that neighborhood closely.
There were two homes that were over $1,000,000 sell this month; the days on market for those were significant at 156 days and 246 days.
If you’d like specific information on your neighborhood, send me a quick email or reply to this blog post and I’ll give you graphs and statistics on your home.
I am your Fishers Realtor signing out!
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Cindy œin Indy Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
317-290-7775
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Sep
12
Fishers Indiana Real Estate Market Report for August 2009
Posted by marchantteam under Fishers, For Buyers, For Sellers, Market Reports, Marketing Reports
There are currently 790 homes for sale in Fishers and there are 204 pended (sales contract is in place) but what a story we have on homes in Fishers that sold in August! The graph below shows the trend from January through August for sold Fishers Real Estate. I think using the graph is a great way to see a bigger picture, than just writing about the month of August.
The numbers have been consistently close through June and then we saw a 14% decline in July and we are seeing a 31% decline in August! Our hypothesis in July was that perhaps the influx of first time home buyers was beginning to decrease as most were already in the market. I think that this is more evidence to support that hypothesis. There were 139 homes that sold in Fishers versus 201 a year ago in August.
I did consider whether the number of pends was unusually high and by looking at the pends by date; this could be an explanation. Of the 204 homes for sale in Fishers that have a contract; 102 of those pended in August. I know “getting to the closing table” is much harder than it used to be; so timing may be a factor. There were new lending regulations that came out at the end of July requiring better disclosures and longer time tables.
Of course the highest price home in Fishers that sold was for $1.1 million and it was Marcus Schrenker‘s home in Geist. Most of the lowest priced homes that sold were the condo’s at Cedar Cove that have the traffic of 96th and Allisonville to contend with. Sunblest, Sweet Briar and Woodberry had the most homes for sale in Fishers that sold.
The number of distressed homes continues to decline from the 2008 levels signifying the run on bargains may be approaching a balanced level. For the third month in a row, the number of homes for sale in Fishers that are distressed is less than the number in 2008. There were only 14 homes in August 2009 that were designated as distressed.
Our team continues to help many people understand the difference between foreclosing on a home and selling short. We have a Certified Distressed Property Expert (CDPE) or Short Sale Realtor ® on our team, her name is Susan Timmerman. It is worth talking to her or referring someone you know in a negative equity position to Susan to discuss the differences between foreclosures and selling short.
If you are thinking about having your home in Fishers for sale; you need to choose your Realtor ® wisely. The best two questions to ask a Realtor are:
- How long does it usually take you to sell a home; known as days on market?
- What is the percentage you usually get compared to list price for a sales price?
The Marchant Team for 2009 statistics are 59 days on the market meaning we sell your homes in less than two months and our average sale price to list price is 96%. If you have a home listed at $200,000; you can expect the Marchant Team to get you $192,000 as the sales price. There are very few Realtors in Fishers that can compete with those numbers. If you want the best selling or buying experience, hire the best Realtor.
Search homes for sale in Fishers by Neighborhood
Other Northside Blogs (Carmel, Noblesville, and Geist)
Cindy œin Indy Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
317-290-7775
2 Responses to “Fishers Indiana Real Estate Market Report for August 2009”
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Indianapolis/Fishers Real Estate is authored by Cindy Marchant
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I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
Betty
http://mortgagecalculato-r.com
Thanks Betty! I have been writing for over a year now and still have so many more neighborhoods to report on; I want to be a great source for people looking for a home for sale in Fishers!