Broad Ripple Village Real Estate Market Report, Indianapolis IN, December 2010 Data

Following is the market report for the area known as Broad Ripple Village as of January 5th 2011.

Can you believe we are officially into the year 2011?  Time flies, that's for sure...

There was a significant decrease in the number of active listings between November and December.  This was largely because 17 listings expired in the month of December, in addition to, an increase in the number of pending listings.  Sales in 2010 were half the number of sales in the same month 2009; however, the average sales price was significantly higher.

In the end, 2009 was not a record-breaking year for the Broad Ripple Real Estate Market, but it held up quite well compared to other parts of the Indianapolis market plagued with foreclosures and declining home prices.

Broad Ripple Village is bound by Kessler Boulevard East Drive on the south, North Meridian Street on the west, the White River on the north, and North Evanston Avenue on the east

Broad Ripple Village is an area that is the perfect combination of old and new. Here you'll find homes built anywhere from the 1800's to current date. Broad Ripple has something for everyone with great restaurants, shopping, entertainment, and an emphasis on being active and healthy.

For more information on Broad Ripple and all that it has to offer, please visit the Broad Ripple Village Association home page.

Please feel free to contact me with any questions you may have about the area, the tax credit, or if you'd like me to send you the current active listings in the area. I look forward to hearing from you!

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