Here is a look at what happened on the Westfield Indiana real estate market in August 2008 for homes under $500,000:
2007 |
2008 |
% Change |
|
Active | N/A |
302 |
|
Homes Sold | 50 |
38 |
-24% |
Average Selling Price | $226,435 |
$217,962 |
-4% |
Days on Market | 85 |
74 |
-13% |
Price Per Square Foot | $107 |
$92 |
-14% |
Well, despite some good news from the other areas of Hamilton County, Westfield does not really have much to cheer about this month. The only stat that improved was average days on the market, taking 13% less time to sell a home in Westfield this year compared to last. Other than that, average selling price and the number of homes sold are both down compared to last year. For the year to date number, the Westfield market has seen a 12% decrease in the number of homes sold and a 1% decrease in the average sales price. All things considered, I guess the YTD numbers are not that bad with properties still holding their value.
Even though this was an off month for Westfield, it does remain a relatively stable market and still represents a great value for homes in Hamilton County. If you are considering a home in Westfield, please visit our Indianapolis homes for sale website to search all available homes with our state of the art search feature. If you are thinking about purchasing a home in Westfield, you should also take a look at Carmel homes as another option.
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