This is the monthly Carmel Real Estate Report card. There are currently 822 homes for sale in Carmel Indiana, which is down slightly from last month. Before we talk about the month; let's just recap the first three quarters of 2009.
There have been 906 homes that have sold/closed since January 1, 2009. If we look at the absorption rate, that means about 100 homes sell each month. If we have 822 homes for sale currently in Carmel; we have an 8 month supply of homes. Now, of course this is a very general calculation; if your home were for sale you would want to do the absorption rate for either your specific neighborhood or for the price range you are in to more definitely focus on similar homes. Neighborhoods and price points do vary the calculations.
For September 2009, there were 113 homes that sold, so somewhat better than the average of 100. For the same time period in 2008, there were 105 homes. So 2009 sold more than 2008 for the first time this year! That is awesome news.
Just a quick note on distressed properties, there were 12 this month os about 10%.
The highest priced home that sold in Carmel was $1,006,325 in Grandin Hall which is built by Estridge. It was a 2009 home with 4,400 sq ft and an additional 2,600 in the finished basement. The lowest priced home sold for $85,000 in Homeplace.
The neighborhoods were very diverse, with several neighborhoods having three or four sales this month. Those were Concord Village, Brookshire, Village at Weston and the Village of West Clay.
There were 15 condo's in the 113 homes that sold in Carmel; so to get an accurate price per sq ft and days on market, I've excluded them. The average price per sq ft is $109 and the average days on market were 71. The stats for the Marchant Team are 59 days on the market and our sale price to list price is 96%, so if you are thinking about selling please give this Carmel Realtor the opportunity to win your business.
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Cindy "in Indy" Marchant - Carmel Real Estate Agent
Keller Williams Realty Indy Metro NE
Carmel IN Real Estate Website
317-290-7775
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you definitely get an A for your report card on this one Cindy!! I think once the tax credit is extended we will continue to see good sales at a better than average rate for winter. Lets hope anyway! Great blog though! please let me know if I can help you out in any way. yours in the rain, Matt Odell