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Centennial Homes in Westfield Indiana - Market Update

By
Real Estate Agent with Red Door Real Estate
Untitled Document

Centennial homes in Westfield Indiana represents a great opportunity for home buyers to take advantage of a great master planned community that offers an impressive collection of community amenities and easy access to everything. Due to its popularity, Centennial remains a popular option for home buyers in the Hamilton County area. As a result, Centennial represents a good investment opportunity for home buyers. Here are some quick numbers for the year to date figures in Centennial as compared to last year:

2006
2007
% Change
Active
N/A
69
Homes Sold
77
55
-29%
High Selling Price
$399,900
$450,000
13%
Low Selling Price
$139,900
$159,900
14%
Average Selling Price
$252,143
$239,718
-5%
Days on Market
134
94
-30%
Price Per Square Foot
$109
$110
1%

While these numbers may not look fantastic at first glance, considering the current market conditions it is quite good. The number of homes sold is down 29% over last year, but this is on par with what is occurring in the market as a whole. The average selling price is down slightly over last year as well. What is encouraging is the average time it takes to sell a home in Centennial is down by 30% and the average price per square foot is slightly up as well.

If you are considering purchasing Westfield homes, Centennial does offer a wide variety of homes to choose from, great amenities, and a convenient location. Centennial is still building new homes from Estridge Homes as well as offering many resale opportunities. Please visit our Indianapolis Homes website for more info about this community and many others in the Indianapolis and surrounding areas.

Amanda S
Westfield, IN

Hi Michael! Thanks for the analysis.  It's great to see that the Estridge homes are retaining their home values as well as the low number of days on the market!

Oct 15, 2008 04:49 AM