The amount of homes for sale in Fishers remains fairly constant at around 750; currently there are 773 homes for sale. This blog post is to talk about the sales in September and also look at the full month by month report for 2009 for Fishers Real Estate.
For September, there were 129 homes that sold compared with 172 in September of 2008. This is a 25% decline.
The most popular neighborhoods were Sunblest, South Avalon, and Sandstone. Of the 129 homes that sold 49 of them or 38% were in the $150,000 to $250,000 price point with only 15 homes over $350,000.
The average price per square foot was $93 and the average days on market were 71. (The Marchant Team days on market for 2009 is averaging only 59!)
The most expensive home that sold in Fishers was $2,625,000 in Breakwater with over 14,000 square feet and on 3 acres! The most inexpensive home was for $65,000 near 113th and Florida road with only 1,152 square feet.
The last two months (July and August) we have thrown out the possibility that we have "borrowed" buyers in the earlier months of the year. I think September continues to show that trend.
The other possibility is that in September of last year, the zero % financing ended so many buyers quickly purchased before that funding was sunset in the July-September timeframe.
Next month should be an interesting bar on our graph to substantiate one of these hypothesis. 
Another trend we are watching is the distressed property numbers. This month there were 21 of the 129 or 16% that were distressed.
Last year for the month there were only 9 or 5%. I have six closings this month and 4 of them are with a distressed property.
Remember if you are needing to sell your home and think you may be upside down or you are looking to buy a distressed property, this Fishers Realtor is very educated and savvy on those types of sales.
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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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