Michael's Blog

Zionsville real estate- Market Report October 2009

Michael Taylor (Red Door Real Estate) — Wed, 25 Nov 2009 05:25:15 -0600

Here is what is happening on the Zionsville real estate market in October 2009:

	2008	2009	% Change
Active	N/A	374
Homes Sold	30	34	13%
Average Selling Price	$324,838	$298,380	-8%
Days on Market	74	68	-8%
Price Per Square Foot	$130	$121	-7%
Sales Price / List Price	95%	97%	2%

We do see an increase in the number of homes sold which is very good. However, we also see a slight dip in the average sales price which, again, may be triggered by the tax credit expiring. If you look at the YTD numbers for the average sales price compared to last year, Zionsville real estate is actually up 1%.
If you are thinking about purchasing or selling a home in the Zionsville market, please visit our website to learn more about how Red Door Real Estate can serve you best. You might also be interested in viewing Spring Knoll homes Zionsville or The Enclave homes Zionsville for more info on two of Zionsville’s most popular neighborhoods.

Westfield Indiana Real Estate - Market Report October 2009

Michael Taylor (Red Door Real Estate) — Mon, 23 Nov 2009 06:25:14 -0600

Here is a look at what happened on the Westfield real estate market for October 2009:

	2008	2009	% Change
Active	N/A	250
Homes Sold	47	42	-11%
Average Selling Price	$215,365	$207,803	-4%
Days on Market	75	83	11%
Price Per Square Foot	$90	$91	1%
Sales Price / List Price	96%	97%	1%

For some reason, we are not seeing the big shift in numbers in Westfield like we are seeing in other areas that are inevitably linked to the tax credit. The number of homes sold is better than the YTD average but it is still less than last year which is a shock because we have seen other areas show dramatic swings in their numbers.
If you are looking to buy or sell a home, please visit our Westfield Indiana real estate or our Indianapolis real estate website for more information and to search all homes for sale. You may be interested in either Maple Knoll Westfield or Merrimac homes in Westfield, two of Westfield’s most popular subdivisions.

Noblesville Real Estate - Market Report - October 2009

Michael Taylor (Red Door Real Estate) — Thu, 19 Nov 2009 07:52:32 -0600

Here are the numbers for real estate in Noblesville for October 2009:

	2008	2009	% Change
Active	N/A	662
Homes Sold	68	91	34%
Average Selling Price	$183,068	$162,991	-11%
Days on Market	76	75	-1%
Price Per Square Foot	$87	$78	-10%
Sales Price / List Price	96%	97%	1%

We see a huge jump in the number of homes sold over and a pretty big price decrease over the same time last year. Both of these fluctuations can probably be attributed to the then impending tax credit expiration. The number of homes sold going up is a pretty obvious connection to the tax credit. The average sales price going down is likely that the tax credit pushed many more first time home buyers into the market who purchased homes at a lower price point and thus lower the average sales price.
All in all, the Noblesville real estate market seems to do just fine. If you are considering buying or selling a home in Noblesville feel free to visit our Indianapolis homes website. You may also be interested Deer Path Noblesville one of the area’s most popular and most affordable area or Sagamore homes for sale in Noblesville one the area’s most exclusive neighborhoods.

Indianapolis Real Estate - Market Report - October 2009

Michael Taylor (Red Door Real Estate) — Wed, 18 Nov 2009 07:34:29 -0600

Here are the numbers for all homes in Indianapolis that are active, pending, and sold in October 2009:

	2008	2009	% Change
Active	N/A	7198
Homes Sold	828	1059	28%
Average Selling Price	$104,458	$104,683	0%
Days on Market	92	76	-17%
Price Per Square Foot	$60	$62	3%
Sales Price / List Price	91%	94%	3%

As one might expect with the then impending deadline of the tax credit, we see a huge jump in the number of homes sold from this time last year. The average sales price stayed pretty much the same which is an improvement over the 3% decline we have seen on average. Days on the market were down and both price per square foot and listing price to sales price were up. This is all great, however, as I have cautioned before these could be, and probably are, are somewhat false reading of the true market. The tax credit expiring really pushed a ton of people into the market over the last couple of months and this will have an effect on the numbers. I am cautiously optimistic about the Indianapolis real estate market at this point.
If you are looking to buy or sell a home the Indianapolis area, please visit either one of our websites above. You may also want to visit our Indianapolis real estate blog or maybe even our Broad Ripple real estate website.

Carmel Indiana Real Estate - Market Report 2009

Michael Taylor (Red Door Real Estate) — Thu, 05 Nov 2009 09:01:29 -0600

Here is a look at the Carmel IN real estate market for October 2009:

	2008	2009	% Change
Active	N/A	739
Homes Sold	70	119	70%
Average Selling Price	$316,830	$357,321	13%
Days on Market	82	89	9%
Price Per Square Foot	$109	$117	7%
Sales Price / List Price	94%	95%	1%

Do you see what I see??? Holy shift in numbers…a 70% increase in the number of homes sold and a 13% increase in the average selling price!!! Wow! I really did not expect to see this kind of swing in the Carmel area. I don’t know if it the tax credit or what, but it would reason that areas like Noblesville or Fishers would be better candidates for swings like this. Well, I am not complaining just shocked. This is great news but as always let’s take it with a grain of salt and see how the market does over the next couple of months before we start celebrating too much.
If you are looking to buy or sell a home, please visit our Carmel homes for sale website for more information or our Carmel Indiana subdivisions page. You might also want to visit our Indianapolis real estate website for more info.

Fishers Indiana Market Report - October 2009

Michael Taylor (Red Door Real Estate) — Thu, 05 Nov 2009 08:50:57 -0600

Here is what happened for real estate in Fishers Indiana for October 2009:

	2008	2009	% Change
Active	N/A	628
Homes Sold	102	98	-4%
Average Selling Price	$226,175	$217,582	-4%
Days on Market	90	77	-14%
Price Per Square Foot	$98	$95
Sales Price / List Price	96%	97%	1%

Well, considering the tax credit coming to an end; I expected to see a big increase in these numbers. I might be able to justify a decrease in the average sales price because the first time home buyer should be purchasing the less expensive homes on the market. However, I am shocked to see a decrease in the number of homes. Until this tax credit crunch is behind us, we really won’t be able to get a good grasp on the market.
If you are look to buy or sell a home, please visit our Fishers homes for sale website for more information. You may also want to look at our Fishers Indiana neighborhoods page or our real estate in Indianapolis website.

Geist Valley Estates Home for Sale

Michael Taylor (Red Door Real Estate) — Mon, 26 Oct 2009 09:27:33 -0500

Mike Taylor | Red Door Real Estate | 317-733-3667

11627 Sterrett Blvd, Indianapolis, IN

Totally updated ranch home in Geist

3BR/2BA Single Family House

offered at $160,000

Year Built	1986
Sq Footage	1,510
Bedrooms	3
Bathrooms	2 full, 0 partial
Floors	1
Parking	2 Car garage
Lot Size	.50 acres
HOA/Maint	$0 per month

see additional photos below

PROPERTY FEATURES

- Central A/C	- Central heat	- Fireplace
- High/Vaulted ceiling	- Walk-in closet	- Tile floor
- Living room	- Dishwasher	- Refrigerator
- Stove/Oven	- Microwave

ADDITIONAL PHOTOS

Photo 1	Photo 2
Photo 3	Photo 4
Photo 5	Photo 6

Contact info:

Mike Taylor

Red Door Real Estate

317-733-3667

For sale by agent/broker

Indianapolis real estate | Geist real estate | Geist Homes | Fishers real estate

Equal Opportunity Housing

Posted: Oct 26, 2009, 6:13am PDT

Zionsville Real Estate - Market Report - September 2009

Michael Taylor (Red Door Real Estate) — Mon, 26 Oct 2009 08:48:33 -0500

Here is a look at what happened on the Zionsville real estate market in September 2009:

	2008	2009	% Change
Active	N/A	311
Homes Sold	32	36	13%
Average Selling Price	$298,394	$298,763	0%
Days on Market	75	89	19%
Price Per Square Foot	$114	$106	-7%
List Price / Sale Price	95%	96%	1%

This was actually not a bad month at for Zionsville homes. A 13% increase in the number of homes sold and basically unchanged average sales price since the same time last year. The year to date numbers for Zionsville show an 18% decrease in the number of homes sold and 2% increase in the average sales price. The absorption rate is at 10.14 which is higher than other northern suburbs of Indy like Carmel and Fishers but not out of control. There are currently 311 Zionsville homes on the market with an average asking price of $587,478.

If you are thinking about buying or selling a home in Zionsville, please visit our website for more information. You may be interested in Spring Knoll Zionsville or The Enclave Zionsville.

Zionsville Real Estate - Market Report - September 2009

Michael Taylor (Red Door Real Estate) — Mon, 26 Oct 2009 08:47:32 -0500

Here is a look at what happened on the Zionsville real estate market in September 2009:

	2008	2009	% Change
Active	N/A	311
Homes Sold	32	36	13%
Average Selling Price	$298,394	$298,763	0%
Days on Market	75	89	19%
Price Per Square Foot	$114	$106	-7%
List Price / Sale Price	95%	96%	1%

If you are thinking about buying or selling a home in Zionsville, please visit our website for more information. You may be interested in Spring Knoll Zionsville or The Enclave Zionsville.

Indianapolis Real Estate - Market Report - September 2009

Michael Taylor (Red Door Real Estate) — Tue, 20 Oct 2009 13:07:50 -0500

Here is a look at what happened on the Indianapolis real estate market in September 2009:

	2008	2009	% Change
Active	N/A	7418
Homes Sold	1027	1017	-1%
Average Selling Price	$108,874	$112,056	3%
Days on Market	92	79	-14%
Price Per Square Foot	$64	$65	2%
List Price / Sale Price	94%	94%	0%

I almost don’t want to say it, but we almost just had a good month and it appears things might be trending toward a leveling off or maybe even towards positive territory. Let’s not get too excited, the expiration of the tax credit most likely is having an effect on these numbers, but it is still great to see an increase in the average sales price in Indianapolis. I have not seen that in a long while. This could be a great sign, it just be the tax credit creating a false sense of demand. Only time will tell but for now it is looking positive for Indianapolis homes.
If you are considering purchasing a home in Indianapolis, now might be the best time. Please visit our one of our websites above or you may want be interested in Broad Ripple homes or Geist Homes as these are two of Indianapolis’ most popular areas.

Westfield Indiana Real Estate - Market Report September 2009

Michael Taylor (Red Door Real Estate) — Fri, 16 Oct 2009 06:58:35 -0500

Here is what happened on the Westfield Indiana real estate market for September 2009:

	2008	2009	% Change
Active	N/A	255
Homes Sold	55	36	-35%
Average Selling Price	$243,560	$253,790	4%
Days on Market	93	77	-17%
Price Per Square Foot	$102	$103	1%
List Price / Sale Price	96%	96%

The number of homes sold in Westfield is significantly fewer than say Carmel or Fishers so it may be more apt to show drastic swings from month to month. Whereas last month we saw a 22% increase in the number of homes sold; this month we see a 35% decrease in the number of homes sold in Westfield. The average sales price increased 4% over last years number. YTD we are seeing a 23% decrease in the number of homes sold and actually a 1% increase in average sales price. Not too bad…considering.

If you are looking at buying or selling a home in Westfield, please visit our Westfield Indiana homes website for more information. You may want to look at some of Westfield’s most popular neighborhoods including Centennial in Westfield and Countryside homes Westfield.

Noblesville Indiana Real Estate | Market Report September 2009

Michael Taylor (Red Door Real Estate) — Thu, 15 Oct 2009 09:44:01 -0500

Here is a look at the Noblesville real estate market for September 2009:

	2008	2009	% Change
Active	N/A	741
Homes Sold	104	98	-6%
Average Selling Price	$196,191	$170,411	-13%
Days on Market	90	57	-37%
Price Per Square Foot	$91	$81	-11%
List Price / Sale Price	96%	95%	-1%

These numbers actually lie, sort of:) While these are true and accurate numbers, this is an example of how stats can be used to twist the truth. Yes, technically the average sales price dropped 13% in September 2009 over the same time last year. However, that is factoring all homes that sold; even a few high end homes that seem to be distorting the number dramatically. If we take a look at the same number but put a cap on the listing price at $600,000 we see a totally different picture:

	2008	2009	% Change
Active	N/A
Homes Sold	98	96	-2%
Average Selling Price	$162,287	$160,327	-1%
Days on Market	89	54	-39%
Price Per Square Foot	$82	$80	-25
List Price / Sale Price	97%	95%	-2%

Instead of a 13% decrease in average sales price, we see only a 1% decrease. A whole different story.

If you are looking for homes for sale in Noblesville, please find a Realtor who really understands the market and does their research. You can visit our Indianapolis real estate website for more information about Noblesville. Some Noblesville most popular neighborhoods include Deer Path Homes and Lochaven homes.

Carmel Indiana Real Estate - Market Report - September 2009

Michael Taylor (Red Door Real Estate) — Wed, 14 Oct 2009 08:37:07 -0500

Here is what happened on the Carmel real estate market for September 2009:

	2008	2009	% Change
Active	N/A	801
Homes Sold	88	108	23%
Average Selling Price	$311,381	$280,781	-10%
Days on Market	82	76	-7%
Price Per Square Foot	$115	$108
List Price / Sale Price	97%	95%	-2%

What a mixed signal with the number of homes selling going up over 20% since last year but the average selling price falling by 10%. I have a theory to explain this…the tax credit. Since the average sales price in Carmel is much higher than other areas the tax credit expiring will create more sales but it will also temporarily drive down the price in Carmel. This is because most buyers who qualify for the tax credit in Carmel are not going to be buying a house for $350,000. I suspect we may similar stats over the next 2 months as the tax credit expires, but we will have to wait and see if my postulation is correct:)

If you are considering purchasing a home, please visit our Carmel homes website for sale page to view all home currently available. You may also want to visit our Carmel Indiana subdivisions page to view a list of neighborhoods like West Clay homes broken down by price.

Fishers Real Estate - Market Report September 2009

Michael Taylor (Red Door Real Estate) — Thu, 08 Oct 2009 09:08:34 -0500

Here is a look at what happened on the Fishers Indiana real estate market for August 2009:

	2008	2009	% Change
Active	N/A	639
Homes Sold	155	115	-26%
Average Selling Price	$223,056	$236,620	6%
Days on Market	75	72	-4%
Price Per Square Foot	$96	$93
List Price / Sale Price	96%	97%	1%

I am not sure if we are seeing the affect of the pending expiration of the tax credit but that would help explain the jump in average sales price. What is interesting is the number of homes sold is still down quite considerably compared to last year. I would have expected to see a spike in the number of sales as well. Perhaps this is coming over the next two months as the tax credit crunch really hits.
What is great news for the Fishers real estate market is the inventory is dwindling and we see only a 5.01 month supply of homes which is fantastic in this market.
If you are considering purchasing or selling a home in Fishers, please visit our Indianapolis homes website and be sure to read our Indianapolis real estate blog to stay on top of news and events around Fishers.

Ryan Homes Indianapolis

Michael Taylor (Red Door Real Estate) — Wed, 07 Oct 2009 17:26:30 -0500

Ryan Homes has come to the Indianapolis area and has taken over most if not all the CP land that remained undeveloped. It appears that Ryan Homes Indianapolis will be continuing to serve the same first time home buyer that CP Morgan did with homes starting in the 90’s – 130’s.

Ryan Homes will be building in 10 communities in the metro Indianapolis area including Brownsburg, Franklin Township, Greenwood, and Noblesville just to name a few. We have put together a few resources for you to keep up with what is going on as Ryan Homes comes to the Indianapolis market. Please visit the follow websites for more information:

Ryan Homes Indianapolis

Ryan Homes Brownsburg

Ryan Homes Noblesville

Ryan Homes Greenwood

You can also visit our Ryan Homes Indianapolis blog to see what is happening with them.

Pebble Hills Home for Sale Greenwood

Michael Taylor (Red Door Real Estate) — Wed, 02 Sep 2009 15:26:25 -0500

Mike Taylor | Red Door Real Estate | 317-733-3667

5 South Jackson, Greenwood, IN

All brick ranch home with spacious yard.

3BR/2BA Single Family House

offered at $165,000

Year Built	1983
Sq Footage	1,611
Bedrooms	3
Bathrooms	2 full, 0 partial
Floors	1
Parking	2 Car garage
Lot Size	.40 acres
HOA/Maint	$0 per month

DESCRIPTION

Simply stunning all brick ranch home located at the end of a cul-de-sac. Everything has been remodeled in this home for you: spectacular new kitchen and stylish new master bath make this gem a completely turnkey operation.

see additional photos below

PROPERTY FEATURES

- Central A/C	- Central heat	- Fireplace
- Hardwood floor	- Tile floor	- Family room
- Dining room	- Breakfast nook	- Dishwasher
- Refrigerator	- Stove/Oven	- Laundry area - inside

COMMUNITY FEATURES

- Garage parking

ADDITIONAL PHOTOS

Photo 1	Photo 2
Photo 3	Photo 4
Photo 5	Photo 6

Contact info:

Mike Taylor

Red Door Real Estate

317-733-3667

For sale by agent/broker

Indianapolis real estate | Greenwood real estate | Indianapolis homes | Fishers homes

Posted: Sep 2, 2009, 11:59am PDT

Plantana Homes For Sale Fishers Indiana

Michael Taylor (Red Door Real Estate) — Wed, 19 Aug 2009 08:07:08 -0500

This is snapshot of what is happening in Plantana as of 8/19/09. If you would to see more updated information or want to browse the current inventory, please visit our Plantana homes for sale Fishers page.

Today I wanted to highlight one of Fishers most popular neighborhoods and check in to see how it is doing in the current real estate market. They always say “all real estate is local” and that applies even down to the subdivision level. This is why it is important to look at what is happening in your particular subdivision that you are considering buying or selling in. It is of course good to know what is going on at the national level and the city level, but the most important numbers to look at are the ones in your particular neighborhood. So, without further ado let’s take a look at what is happening with Plantana homes for sale in Fishers Indiana for 2009 compared to 2008:

	2008	2009	% Change
Active	N/A	5
Homes Sold	13	8	-38%
High Selling Price	$201,000	$198,000	-1%
Low Selling Price	$131,500	$129,000	-2%
Average Selling Price	$162,223	$150,125	-7%
Days on Market	85	95	12%
Price Per Square Foot	$85	$93	9%
Selling Price / List Price	97%	96%	-1%

The high and low selling prices are fun to watch, but not a great indicator of what is happening. The two most important numbers, I think, are the number of homes sold and the average selling price. Here we see a decrease of 38% in the number of homes sold and a decrease of 7% in the average selling price. These are YTD numbers compared to the same time frame last year. The average days on the market is up 12% or another way to say it is that it is taking 10 days longer to sell your home this year.

In addition to the above stats; there are currently 5 homes actively on the market with an average asking price of $170,900. There are also 3 homes pending with an average list price of 155,433.

In the case of Plantana homes in Fishers, it appears that the decrease in the number of homes sold and the average sales prices actually seems to be in line with what is going on at the Fishers city level. The number of homes sold is down more in Plantana, but it is hard to draw too much of a conclusion with such a small sample. So it looks like Plantana it not doing great, not doing bad, but just on par with the rest of the market right now.

You can also visit either this Fishers real estate or this Fishers real estate website for more information and to keep up to date on the Fishers market in Plantana and beyond.

Westfield Indiana Real Estate - Market Report July 2009

Michael Taylor (Red Door Real Estate) — Tue, 18 Aug 2009 10:13:10 -0500

Here is a look at the Westfield Indiana real estate market report for July 2009:

	2008	2009	% Change
Active	N/A	286
Homes Sold	46	48	4%
Average Selling Price	$251,876	$258,905	3%
Days on Market	81	89	10%
Price Per Square Foot	$103	$103	05

I tell you what, sometimes I just don’t know what to make out of this market. The Fishers and Zionsville reports were terrible this month, Noblesville was mixed and here is the belle of the ball Westfield with an increase in both number of units sold and average sales price. In addition, the absorption rate for Westfield is a very healthy 6.93. Let’s hope this continues.

If you are considering purchasing or selling a home, please visit our Westfield real estate website for more info on the Westfield real estate market. You may also be interested in a few of the more popular communities in Westfield including Merrimac homes and Centennial Westfield.

Zionsville Real Estate - Market Report - July 2009

Michael Taylor (Red Door Real Estate) — Wed, 12 Aug 2009 10:39:12 -0500

The Zionsville real estate market report for July 2009:

	2008	2009	% Change
Active	N/A	353
Homes Sold	51	35	-31%
Average Selling Price	$383,384	$315,656	-18%
Days on Market	98	102	4%
Price Per Square Foot	$124	$119	1%

If we could just pretend that July didn’t exist in the Zionsville housing market, I would be OK with that:) Zionsville has been all over the map this year as far as number of homes sold and average sales price. In large part, these wild shifts come from only having 30 - 50 homes sell each month. In this case it makes sense to look at the YTD numbers which paint a far better picture showing a 1% increase in the average sale price. The number of homes sold in Zionsville is still down on the YTD numbers, but only 21% and not the 31% from July. The thing that concerns me about Zionsville real estate is the absorption rate is high at 11.45.
If you are thinking about buying or selling a home, please visit our Zionsville homes website to search all homes available. You may also be interested in looking at some Zionsville’s most popular neighborhoods including Stonegate Zionsville and Thornhill homes Zionsville

Noblesville Indiana Real Estate | Market Report July 2009

Michael Taylor (Red Door Real Estate) — Tue, 11 Aug 2009 07:52:39 -0500

Here is a look at what happened on the Noblesville real estate market in July 2009:

	2008	2009	% Change
Active	N/A	724
Homes Sold	105	97	-8%
Average Selling Price	$179,424	$190,544	6%
Days on Market	86	88	2%
Price Per Square Foot	$85	$86	1%

Noblesville seems to be holding its own in this real estate market. This is two months in a row we have actually seen an increase in the average sales price. This has to be because Noblesville, more than any other Hamilton County location, offers a price point that is approachable for the first time home buyer. The first time home buyer is such a large part of the market right, this has to be playing a role in the Noblesville real estate market trends.
If you are considering purchase a home, please visit our Noblesville homes for sale website to all homes currently for sale in Noblesville. You may also be interested in other Hamilton County areas such as Fishers IN homes or Carmel IN homes for sale.

Carmel Indiana Real Estate - Market Report - July 2009

Michael Taylor (Red Door Real Estate) — Mon, 10 Aug 2009 10:11:34 -0500

Here is a look at what happened on the Carmel real estate market for July 2009:

	2008	2009	% Change
Active	N/A	820
Homes Sold	133	121	-9%
Average Selling Price	$344,709	$308,242	-11%
Days on Market	75	81	8%
Price Per Square Foot	$121	$114	-6%

Well, good news and bad news. The bad news is that the number of homes sold and the average sales price is down for July 2009 vs. 2008. The good news is that even though it is down, it is still better than YTD averages. There are also 820 active homes on the market with an average asking price of $541,327. The absorption rate, or number of months supply of homes, is at 9.57. This is a little high for my liking, but still within reason and indicative a relatively balanced market but definitely still tipped towards buyers.
If you are considering purchase a home in Carmel, please visit our Carmel Indiana real estate website to search for all homes available. You may also be interested in some of the most popular subdivisions in Carmel including The Bridgewater Club and West Clay.

Indianapolis Real Estate - Market Report - July 2009

Michael Taylor (Red Door Real Estate) — Fri, 07 Aug 2009 09:01:07 -0500

Here is a look at what happened on the Indianapolis real estate market in July 2009 vs. July 2008:

	2008	2009	% Change
Active	N/A	261
Homes Sold	31	23	-26%
Average Selling Price	$192,012	$210,938	10%
Days on Market	104	98	-8%
Price Per Square Foot	$88	$81	-8%

This is pretty predictable with the number of homes being off by 10% over last year, but the average sales price was pretty much unchanged. An unchanged sales price in Indianapolis is a good thing; for the rest of 2009 we have seen anywhere from a 1% to a 12% decrease in average sales price so a “push” is a welcome change. The YTD numbers for number of homes sold is down 14% and the average sales price is down 4%. Let’s hope we continue the trend of average sales prices increasing and get past all of this.
If you are considering purchasing a home in Indianapolis, please visit our Indianapolis real estate website to search all homes available. You might also want to visit our Broad Ripple real estate and Geist real estate sections for information on two of the most popular areas in Indy.

Fishers Real Estate - Market Report July 2009

Michael Taylor (Red Door Real Estate) — Thu, 06 Aug 2009 06:40:55 -0500

Here is a look at what happened for Fishers homes that sold in July 2009 vs. July 2008:

	2008	2009	% Change
Active	N/A	650
Homes Sold	167	133	-20%
Average Selling Price	$223,644	$203,758	-9%
Days on Market	64	63	-2%
Price Per Square Foot	$95	$92	-3%

Well, just when I thought we might be turning this thing around July comes in with some weak numbers. The number of homes sold being off I can live with, but the average sales price dipping down again is maddening. Last month, we saw a little tick up in the average sales price and I was hopeful this was a sign of things turning around. Well, I guess not so fast. The good news is that the absorption rate actually went down to a healthy 5.41. The fundamentals of the Fishers Indiana real estate market are strong; we just need the consumer confidence to catch up and Fishers will be doing fine.
If you are considering buying or selling a home in Fishers, please visit our Fishers real estate page to search all homes that are currently on the market. One of the most popular neighborhoods in Fishers you might want to look is Spyglass Falls.

Admirals Pointe Homes For Sale

Michael Taylor (Red Door Real Estate) — Thu, 23 Jul 2009 13:16:33 -0500

Mike Taylor | Red Door Real Estate | 317-733-3667

12065 Watermark Court, Indianapolis, IN

Stunning almost 6000 square foot brick home in Admirals Pointe Indianapolis

5BR/4.5BA Single Family House

offered at $450,000

Year Built	1994
Sq Footage	3,928
Bedrooms	5
Bathrooms	4 full, 2 partial
Floors	2
Parking	3 Car garage
Lot Size	.60 acres
HOA/Maint	$35 per month

DESCRIPTION

Stunning almost 6,000 square foot all brick home in the heart of Geist. 2 fireplaces, jetted tub, huge master suite, 3 car garage, finished walkout basement, park-like .60 acre setting, and his and her closets are just among the few features that make this home one of the best in Admirals Pointe.

see additional photos below

PROPERTY FEATURES

• Central A/C	• Central heat	• Fireplace
• Walk-in closet	• Hardwood floor	• Tile floor
• Family room	• Living room	• Office/Den
• Dining room	• Breakfast nook	• Dishwasher
• Refrigerator	• Stove/Oven	• Basement
• Laundry area - inside	• Balcony, Deck, or Patio	• Yard

COMMUNITY FEATURES

• Clubhouse

• Swimming pool(s)

• Tennis court(s)

ADDITIONAL PHOTOS

Photo 3	Photo 1
Photo 2	Photo 4
Photo 5	Photo 6

Contact info:

Mike Taylor

Red Door Real Estate

317-733-3667

For sale by agent/broker

Geist Homes For Sale, Geist Homes, Fishers Real Estate, Fishers Indiana real estate

Equal Opportunity Housing

Posted: Jul 23, 2009, 10:06am PDT

Fishers Real Estate - Market Report June 2009

Michael Taylor (Red Door Real Estate) — Tue, 14 Jul 2009 08:28:14 -0500

Here is a look at what happened on the Fishers Indiana real estate market in June 2009:

	2008	2009	% Change
Active	N/A	681
Homes Sold	153	152	n/a
Average Selling Price	$212,484	$218,474	3%
Days on Market	72	72	n/a
Price Per Square Foot	$93	$92	-8%

I am almost afraid to say it, but it looks like Fishers actually had a good month in the midst of all this madness that is the “housing crisis”. The number of homes sold was basically the same as it was last year; an amazing feat in this market. In addition, the average sales price was up 3% over last year! More good news…the absorption rate dropped slightly to a very sustainable level of 5.57. I don’t want to get too excited but, let’s hope this continues!
If you are looking to purchase a home, please visit our Fishers real estate website to search for all homes for sale. You may be interested in viewing some of the more popular subdivisions such as Sunblest Farms Fishers and Sweet Briar in Fishers.