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:

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.