Today I thought I would take a look at the Fishers foreclosures market and see what is happening with bank owned homes, short sales, etc. as compared to the rest of the market. First some stats about all Fishers real estate:
- 569 homes on the market in Fishers Indiana
- Average asking price is $291,230
- Average price per square foot is $107
- Average square feet is 2,478
Now let’s look at some numbers for foreclosures:
- 73 homes on the market (includes bank owned, short sales, HUD owned, and VA owned)
- Average asking price is $287,381
- Average price per square foot is $91
- Average square feet is 2740
- 65 homes sold since 9/1 /2009 with average selling price of $177,836
- Average selling price to square foot 97%
- 31 pending homes
Overall, the “distressed” market currently represents 13% of the market in Fishers. The average selling price is almost the same as the market as whole however. The price per square foot is $15 cheaper in the bank owned homes representing a pretty good deal on those homes. Many people think banks will take very low offers on “distressed” properties so it is interesting to note the average asking price to selling price for bank owned homes is 97%.
If you are considering purchasing a foreclosure in Fishers Indiana visit our foreclosures page above or our Fishers short sales page to see all homes available. Purchasing a foreclosure or short sale can be a very involved process so be sure to contact us to guide through the maze that is the distressed homes market. Please visit our Indianapolis real estate or Fishers IN real estate websites too.