Fishers Indiana Real Estate Market Report June 2009

We have been doing market reports for Fishers Real Estate for over a year now!   This particular report highlights the 1st six months of 2009 with the same time period in 2008.  The graph below highlights the key indicators we should watch, including price per sq ft, days on market and the number of distressed properties. 

The graph shows an increase in distressed properties of 59% which gives a slap of reality to the current housing market.  I don't want to beat a dead horse with the things that can go bump in the night on a distressed property, but my word of caution is be sure you have a lot of time and are handy if this is a market that interests you.

We are also seeing the under $150,000 market make up 30% of the total sold homes in Fishers in 2009; versus only 25% of the total in 2008.  This is good news as we see more and more first time buyers enter the market and take advantage of the $8,000 tax credit (which is only available for homes that close prior to 11/30/09).

The bulk of the sales continue to be in the $150,000 to $350,000 price point, making up over 50% of the sales in Fishers.  Days on market appear fairly consistent with 2008 and price per sq ft is down about 5%.

The most expensive home that sold in 2009 was for over $1,000,000 in The Hawthornes, it had nearly 11,000 square feet and was on the market for 292 days.  The lowest price house was for 50,000 in the Marilyn Ridge area.

The homes with the most sold included Sunblest Farms (42), Brooks Chase (23), Sumerlin Trails (19) and Avalon of Fishers (12).

There are 842 active Fishers homes on the market and 158 of those are less than $150,000.  Who do you know that should be thinking about buying their first home?  We have a first time buyers class each month on the last Saturday of the month.  We'd love to see you or someone you know at our class to learn about buying, inspecting, finding the perfect home and how to get their $8,000!

Carmel Real Estate Market Report (June YTD 09 to 08)

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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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