Sep
15
Fishers Real Estate Market Report August 2011
Posted by marchantteam under Fishers, For Buyers, For Sellers, Marketing Reports
The Realtor.com Server where my blog is hosted is back just in time for me to report on the Fishers Real Estate Market! I hope you have missed me; I have missed writing about the homes and events in Fishers. My site had an upgrade that went south so could not post for weeks…but I am back!
Okay right to the stats! This is the second straight month where we are exceeding our 2010 numbers. In August 2011, there were 150 homes sold in Fishers compared with 130 a year ago. Even the luxury market in Fishers (over $500,000) improved to 7 sold in August 2011 compared with 5 a year ago.
The days on market were a tad higher at 76 versus 74 a year ago; but wouldn’t it be great to sell your home in 76 days! There are a lot of homes well over 90 in our market. The price per square foot was up just a bit to $95/sq ft from $94/sq ft a year ago.
One of the tidbits for the August report is a bank owned home in the Hawthornes out in Hamilton Proper that sold for $752,000 in August; it had sold for $1.1 million in 2005…sign of the times.
The most expensive home that sold in Fishers was in Breakwater; a really cute neighborhood that is within walking distance to the shops and restaurants at the Marina in Geist. It was 10,000 sq ft and was on the market only 39 days and sold for $2.2 Million
Neighborhoods with great activity this month were Avalon (5), Brookston (5), Sandstone (5), Tanglewood (5) and the big winner Sunblest with 8 homes sold in just August. I sold two of those.
Happy to be back writing and thank all of you for your notes about why I wasn’t posting…nice to know I’m being read. Remember when you are considering selling your Fishers home or buying a Fishers home, I’d like to be the one to help you do that!
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Aug
8
Fishers Homes Sold July 2011
Posted by marchantteam under Fishers, For Buyers, For Sellers, Marketing Reports
I think I alluded to it last month, but July shows some great news for the number of homes sold in Fishers for July. In July 2011, 153 homes sold in Fishers compared with 107 last year. That is a 40% increase…(wish the stock market would have that kind of a day!). Both the days on the market improved from 89 to 82 and the average price increased from $248,700 to $249,600. Can I get an “Amen”?
Of course, as a seasoned Fishers Real Estate agent…I must throw some caution to this. Last July was probably a very light month…everyone who wanted the repeat buyer and first time buyer tax credit had to close by June 30, 2010 to get that money. So, it’s possible July was light because June was so high last year. Just sayin’.
The number of luxury homes (over $500,000) was relatively stable at 5.
Neighborhoods who saw increased sales were both Avalon of Fishers (Pulte) and South Avalon (Beazer) with 4 each; Crosswinds at Windermere with 5, Saxony with 4 and Sumerlin Trails with 5.
A really great tidbit I noticed was that of all the REALTORS selling homes in Fishers this month, the Marchant Team had the most!
If you are curious about your neighborhood or your home’s value; just fill out the Request for my Homes Value page on our website. We can usually turn that around in a day.
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Jul
11
Fishers Real Estate Sold Market Report June 2011
Posted by marchantteam under Fishers, For Buyers, For Sellers, Marketing Reports
Do you live in Fishers Indiana? Do you wonder how the Fishers Real Estate market is doing in your neighborhood. This is the report for you.
The graph is a pictorial of the last three years showing homes for sale in Fishers that have sold by month. This month is very close to a year ago with 171 sold compared to 173 a year ago.
In fact, this is the 2nd month in a row where we are close to the volume from a year ago. Keep in mind the 1st Buyer Credit ended in April of 2010.
There’s good news and bad news to this. In 2011 the time it is taking to sell a home is 82 days; a year ago they were selling in 65 days. But, in 2011 the price per sq ft of a home selling is $99 compared with $95 a year ago…so an increase.
The most expensive home that sold in Fishers this month was an English Tudor for $1,225,000 and it was only on the market 32 days!
Neigborhoods in Fishers with homes selling the most include Avalon at 126th and Olio with 10; Springs of Cambridge with a Fortville address with 6 and Sunblest Farms in the heart of Fishers with 6.
A quick look at the YTD graph shows we are still a bit behind the year with the $8,000 credit! We are behind 17% from a year ago and our days on market are 92 YTD compared with only 77 a year ago.
We are averaging $96/sq ft this year compared with $93 a year ago. MIBOR says that homes that are priced to sell (based on the market) will sell for between 95 and 97%…and that is the case for both this year and last year on average.
Are you curious about your specific neighborhood. You can read the Fishers Neighborhood profiles or you can email/call me, your resource Real Estate agent in Fishers. I can tell you all about your neighborhood and what your home might be worth today. And it’s free!
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Jun
6
Fishers Homes Sold for May 2011
Posted by marchantteam under Fishers, For Buyers, For Sellers, Marketing Reports
While the number of homes sold in Fishers in May 2011 is still behind the 2010 numbers…the gap is decreasing substantially.
In May 2011, 158 homes sold in Fishers compared with 179 a year ago; so a 10% “ish” drop compared with 30% and higher drops in previous months. The first time home buyers credit in 2010 ended with contracts being written by 4/30/10 so I expected the 2010 number to go down.
While you might expect 2010 to significantly drop…looking at the graph, that doesn’t really happen until July. This time of year is historically a busy time to buy and sell homes.
The other statistics we look at are the Days on Market and the price per sq ft sold. The days on market are much longer in 2011 than a year ago. It was 83 in May 2011 compared with only 65 a year ago…there is more inventory too. The price per sq ft went up slightly to $96 from $94. Remember that this is a very neighborhood specific statistic, if you want to know what is happening in your neighborhood specifically, check out our Fishers neighborhood reports or email me.
There were 8 homes over $500,000 that sold compared with 6 a year ago. The most expensive home that sold in Fishers was in Cambridge at $1,200,000 (listed at $1,750,000) and on the market 874 days!
The lowest priced home was in Brooks Chase selling for $67,000.
Neighborhoods seeing lots of homes selling included Sunblest with 11, Woodberry with 6, Avalon with 6 and Brooks Chase with 5. One neighborhood that also saw a lot (as a % of total homes) was Fox Hollow with 4.
If you are looking to sell or buy a home in Fishers, call a Real Estate agent with experience and who knows the Fishers Real Estate market.
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May
9
Homes sold in Fishers April 2011
Posted by marchantteam under Fishers, For Buyers, For Sellers, Marketing Reports
Looking at the homes that sold in Fishers during April, I was hopeful we would have good news this month; but again we are seeing the numbers way below the prior two years. It is so frustrating for sellers that need to move and/or are ready to move to have to wait so long to sell their homes and take so much less on their homes.
There are keys to selling a home in Fishers, but there is usually an objection to every house honestly. It may be on a corner, it may have a steep drive way, it may have a busy road behind it, it may have small bedrooms, it may have an odd floor plan…you get the idea. A REALTOR who is experienced and has seen hundreds of homes and been with an equal number of buyers will zero in on the possible objection and help you find ways to overcome it if possible.
For April, there were 109 homes that sold in Fishers compared with 181 a year ago; that is a 40% drop. Now it is true that April was the last month of the 2010 $8,000 tax credit; they had to be under contract by April 30th and closed by June 30th.
So, I can hardly wait to see the May numbers!
The days on market were 93 in April compared with only 70 a year ago. The homes were flying off the shelves! The price per square foot is similar so that’s good news at $94/sq ft on average. There were 20 distressed properties sold in both April of 2011 and 2010. As a %age of total though it is 20% in 2011 and only 10% in 2010.
The neighborhoods that saw the most activity were Sandstone Lakes (4), The Springs of Cambridge (3) and The Bristols (4)…Sunblest only had one this month!
The most expensive home in Fishers that sold was just under $900,000 but took 424 days to sell. The least expensive was $76,000 in Middleton place that took 373 days…apparently the days on market does not discriminte on the basis of price!
Looking to buy a home in Fishers or sell the one you have, contact an experienced Fishers Real Estate agent that can help you and exceed your expectations!
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Apr
11
Fishers Real Estate Homes Sold 1st Quarter 2011
Posted by marchantteam under Fishers, For Buyers, For Sellers, Marketing Reports
There were 101 homes sold in Fishers in March, this compares with 147 in March of 2010. This is a 31% decline and is slightly better than the 45% decline we have seen for the first quarter of 2011. Many would say that the first time buyer credit is the cause, but I would use caution with that explanation. The number of homes sold in Fishers (Jan-March) for 2009 was 291, for 2010 it was 307 and for 2011 it was 208. So you can see the numbers are down from 2009 also when there wasn’t a buyers tax credit.
This tells me that it is still a buyer’s market. Sellers still have to have their homes priced right from the start (don’t play chase the market), perfectly maintained and staged to sell. It has to look like a house for sale and not a home you live in; it is hard but that’s the reality we have. If you are curious why your home isn’t selling, you might read my Top 5 Reasons your home isn’t Selling.
Are homes selling, yes…so don’t be confused by the decrease in numbers. I saw a house yesterday that came on the market on the 2nd of April and it pended yesterday. It was beautifully staged and priced at the exact same price it sold for in 2007. Probably not what the seller was hoping for, but it will soon be behind him and hopefully he can make up the loss on the next home he buys.
The days on the market are right at 90 so that is really good news; we aren’t lanquishing out there on average. The price per sq foot is rising at $95/sq ft this month compared with $91/sq ft a year ago. Average price of a home selling in Fishers in March of 2011 was $277,700 compared with $211,200 a year ago.
In reviewing the stats, I saw some interesting things. There was a house in Pine Bluff that had an enormous amount of mold in it…someone bought it for $130,000 in January and just sold it for $259,900 with multiple offers in March. There is a condo in Watersedge that was listed for $325,000 and sold in March for $155,000 with 2,358 sq ft. Sounds like a sweet deal until you step out onto the balcony and hear the roar of Olio Road.
Neighborhoods that saw the most activity with homes for sale in Fishers were Sunblest, Tanglewood and the Bristols. The Marchant Team actually sold two homes in Sunblest last month; both in less than 30 days.
If you are looking for an educated Fishers Real Estate Agent to help you buy a home or sell a home in Fishers, please give me a call. I have been writing the blogs for Fishers Real Estate for almost three years and know where the best resale is and how to sell your home.
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Mar
7
Fishers Real Estate Homes Sold February 2011
Posted by marchantteam under Fishers, For Buyers, For Sellers, Marketing Reports
There are currently 732 homes for sale in Fishers and there are 162 pended as of today; those pended homes will close at some point and beat the prior year stats. But, not this month! We have another month where the homes sold in Fishers are well below the number from last year.
There were 59 homes that sold in Fishers in February compared with 91 a year ago; by the graph you can see that 91 or so was the same number in 2009.
The days on market are also much higher this month at 96 compared with 86 a year ago. We are still struggling to get out of the high inventory of homes we currenly have on the market. The good news is that the price per sq ft is much higher this year at $94/sq ft compared with only $87/sq ft last February.
The highest priced home that sold was in Hamilton Proper at $1,225,000 with 6 bedrooms and 6 baths! It was just over 9,000 sq ft. The lowest priced home was $74,000 in Marilyn Ridge.
From the graph you can see we are coming into the height of the Spring market. I know I have two that I just listed this week in Fishers, one in Heritage Meadows for $154,900 and one in Fox Hollow for $450,000. Be sure to view our listings and also remember that you can search for homes by neighborhood or search homes for sale in Fishers by price point. You can also search homes for sale in Fishers with your phone!
As your Fishers Real Estate Agent I want to provide search tools that are useful to you!
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Feb
7
Fishers Real Estate Sold Market Report January 2011
Posted by marchantteam under Fishers, For Buyers, For Sellers, Marketing Reports
While the news isn’t particular good for January…I will give you some good news towards the end of the post! For January of 2011, there were 48 homes in Fishers for sale that closed. January can be a slow month and I think with the economy still not stablized and the weather (more snow and cold) it is not all that unexpected for us to see lower than usual numbers. In January of 2010 we saw 69 homes sell in Fishers so a 30% decline this year.
The Days on Market were 103 in January 2011 compared with 77 a year ago; so taking a significant amount of time to sell the homes. It speaks to having the best Fishers Real Estate Agent working for you. In the last two weeks we have sold four of our Hamilton County listings, two in Fishers in less than two weeks!
The price per square foot was $89 in January of 2011 compared with $96 in January of 2010. That is a slight decline and hopefully we will see that increase next month.
There were two luxury homes in Fishers (greater than $500,000) that sold in January in both years.
Popular neighborhoods were Avalon and Sunblest this January.
So what’s the good news? I just checked the number of pends and as of February 7th (today) there are 65 homes pending. Pending means there is a contract on the homes. Those may close this month or they may slide into next month but it is good news to see homes selling.
My prediction is that in either February or March we will beat the 2010 stats and be on our way to a successful year in the Fishers Real Estate market!
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Jan
11
Fishers Homes Sold for Year 2010
Posted by marchantteam under Fishers, For Buyers, For Sellers, Marketing Reports
So many REALTORS are glad to see 2010 over and a new year beginning. There were over 1,000 listings that expired in Fishers during 2010; many of course were relisted and ultimately sold. Expired listings almost always leads to disappointed sellers and frustrated Realtors ®. There were many Realtors ® that saw their volumes drop and as a result are seeking other career options; this is across the country.
Sellers have had some frustrations during 2010 while many buyers were able to capitalize on the first time buyers credit, motivated sellers and low interest rates, truly a Trifecta for them.
Overall for 2010, homes sold in Fishers were down 10% from a year ago. There were 1,469 homes sold in Fishers compared with 1,628 homes sold in 2009. The days on market were similar at 75 and the price per sq ft was up slightly at $95 compared with $93 a year ago.
The number of distressed properties was about 200 in both years which is more than 10% of the total sold. In terms of the luxury market in Fishers, homes selling over $1,000,000 were 3 in 2010 and 10 in 2009. The highest home selling in 2010 was on 113th for $2,000,000 and in in 2009 it was in Breakwater for $2,600,000.
In looking at the data by quarter, you can see that the third quarter is really the only quarter showing a significant decline. That would be the quarter right after the $8,000 first time buyer credit and $6,500 repeat buyer credit expired, so it makes sense. 
This last quarter appears to be approaching the same levels as last year. In fact for the month of December, the homes sold in Fishers were 93 compared with 91 a year ago…so actually two more sold in 2010. The days on the market were the big story in December with the average being 98 compared with 66 a year ago! So definitely taking longer to sell. Another bright spot though, is the price per sq ft at $93 in December this year compared with $89 a year ago.
One neighborhood that seems to be standing out lately is Brooks Park, they had three homes sell in December. This neighborhood also had the highest price home sale for $520,000. Other neighborhoods that typically have a lot of activity are Avalon of Fishers and Sunblest (both with about 6 sales).
The lowest priced home was in Brooks Chase for $67,500 and it was 1610 sq ft.
Just as a reminder about the Marchant Team; we ended our year with 96 transactions and over $21,000,000 sold with an average price of $220,000. We’d love to be the Fishers Realtor ® you choose to sell or buy your next home.
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Dec
9
Fishers Real Estate Sold Market Report November 2010
Posted by marchantteam under Fishers, For Buyers, For Sellers, Marketing Reports
Some interesting statistics as we review the Fishers Real Estate Market report for November. Let’s start with the good news! The average price of a homes selling in Fishers was $253,800 for November 2010; compared with $204,800 a year ago. That a 25% increase in pricing. Two things are happening to create that good news, homes in Fishers are selling for more $/sq ft than a year ago and higher priced homes are selling than a year ago.
The average price per square foot was $99 this month compared to $95 a year ago.
Now on to the less than good news. The volume of homes selling in Fishers is down again this month. There were 77 homes sold in Fishers in November compared with 123 a year ago, a 37% decline. The number of days on the market were also up to 85 from 67 a year ago.
For the Marchant Team, our average days on market were are 77 this year compared with 62 a year ago ; we are still below the averages for Fishers.
The highest priced home was in Breakwater selling at $975,000. The home had 6 bedrooms, 7 full baths and 3 half baths and was dock owned. The lowest priced home was in Brooks Chase for $75,000 and it had 1800 sq ft.
The neighborhoods were very well represented this month with only Sunblest Farms having more than two sales.
If you are looking to sell your home in Fishers or buy a home in Fishers, be sure to read our market reports, neighborhood reports and contact us soon!
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Cindy œin Indy Marchant - Fishers Real Estate Agent
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317-290-7775
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Indianapolis/Fishers Real Estate is authored by Cindy Marchant
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Great information here and the graphs really tell a great picture of the market.