Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Carmel Indiana Homes Sold Market Report 2009
I have spent this morning analyzing the data for 2008 homes sold in Carmel Indiana compared with 2009. I have a graph that shows this information by quarter.
For the year 2008, 1299 homes were sold with an average price of $345,457 compared with 1261 homes sold in 2009 with an average price of $315,991. For the year, we saw an 8% drop in price and a 3.0% drop in homes sold in the Carmel area. I wrote a similar post for Fishers Real Estate a few days ago, their drop was 3.5% in volume. My team mate does a market report of homes sold in Noblesville.
Part of the decrease in price can be explained by the increase in foreclosed or distressed properties that sold during 2009, which saw a 67% increase! There were 70 homes in 2008 compared with 117 in 2009. This pricing can definitely impact the overall price statistics.
It is great to see the last quarter of 2009 solidly beat the last quarter of 2008, after trailing all year!
It is also important to look at the days on the market, how long does it take to sell a home in Carmel Indiana. For 2008 the ... more
Are you on The Rain? Grow Your Network!