There are currently 790 homes for sale in Fishers and there are 204 pended (sales contract is in place) but what a story we have on homes in Fishers that sold in August! The graph below shows the trend from January through August for sold Fishers Real Estate. I think using the graph is a great way to see a bigger picture, than just writing about the month of August.
The numbers have been consistently close through June and then we saw a 14% decline in July and we are seeing a 31% decline in August! Our hypothesis in July was that perhaps the influx of first time home buyers was beginning to decrease as most were already in the market. I think that this is more evidence to support that hypothesis. There were 139 homes that sold in Fishers versus 201 a year ago in August.
I did consider whether the number of pends was unusually high and by looking at the pends by date; this could be an explanation. Of the 204 homes for sale in Fishers that have a contract; 102 of those pended in August. I know "getting to the closing table" is much harder than it used to be; so timing may be a factor. There were new lending regulations that came out at the end of July requiring better disclosures and longer time tables.
Of course the highest price home in Fishers that sold was for $1.1 million and it was Marcus Schrenker's home in Geist. Most of the lowest priced homes that sold were the condo's at Cedar Cove that have the traffic of 96th and Allisonville to contend with. Sunblest, Sweet Briar and Woodberry had the most homes for sale in Fishers that sold.
The number of distressed homes continues to decline from the 2008 levels signifying the run on bargains may be approaching a balanced level. For the third month in a row, the number of homes for sale in Fishers that are distressed is less than the number in 2008. There were only 14 homes in August 2009 that were designated as distressed.
Our team continues to help many people understand the difference between foreclosing on a home and selling short. We have a Certified Distressed Property Expert (CDPE) or Short Sale Realtor® on our team, her name is Susan Timmerman. It is worth talking to her or referring someone you know in a negative equity position to Susan to discuss the differences between foreclosures and selling short.
If you are thinking about having your home in Fishers for sale; you need to choose your Realtor® wisely. The best two questions to ask a Realtor are:
- How long does it usually take you to sell a home; known as days on market?
- What is the percentage you usually get compared to list price for a sales price?
The Marchant Team for 2009 statistics are 59 days on the market meaning we sell your homes in less than two months and our average sale price to list price is 96%. If you have a home listed at $200,000; you can expect the Marchant Team to get you $192,000 as the sales price. There are very few Realtors in Fishers that can compete with those numbers. If you want the best selling or buying experience, hire the best Realtor.
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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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