The year end report for 2010 homes sold in Carmel Indiana numbers are in and they are pretty good, all things considered! With 1,224 homes sold in Carmel in 2010, that is only a 3% decline from the 2009 levels where 1,264 homes were sold. Some of the other statistics include the days on market where 2010 showed improvement at 80 compared with 85 DOM a year ago. Also the price per sq ft increased to $113/sq ft in 2010 compared with $111 in 2009.
The luxury market of homes sold in Carmel also showed improved with 188 homes over $500,000 selling in 2010 compared with only 163 in 2009. The most expensive home selling in 2010 was of course the Hilbert Mansion. It sold for $3,000,000 and started at a price of $20,000,000. The number of homes over $1,000,000 selling was fairly consistent at about 15 in each year.
For the month of December alone the numbers were again lower at 78 homes sold versus 99 in 2009. The days on market were consistent at 89 and the price per sq ft was up to $114 from $108 a year ago. We have seen the last few months drop off as we borrowed so many buyers from 2010 in the first six months as they took advantage of the tax credit.
As we look at the quarterly data for Carmel we can see that the first time buyer credit is indeed a factor in the first two months. This last quarter is a bit dismal but my forecast is that we will see more and more buyers entering the market again. I personally have three families relocating to the Indianapolis/Carmel area before July.
If you are thinking about selling your home in Carmel or buying a new home; now is the time to be discussing the market of your neighborhood.
The interest rates are just beginning to tick upwards so buyers will be buying soon. Your Carmel Realtor is ready to assist you when you are ready.