Fishers Real Estate Market Report for October 2009

Real Estate Agent with Keller Williams Indy NE 317-290-7775

It's my monthly analysis of the Fishers Real Estate market.  There are currently 759 homes for sale in Fishers, with 135 of them below $150,000.  Here is a quick list of those homes less than $150,000 in Fishers; it is dynamic so changes daily. Those are great homes for first time buyers to take advantage of the extended $8,000 tax credit.  If you haven't already heard, there is a credit for repeat buyers as well now.  The rules are:

  1.  Must have lived in the home five of the last eight years
  2.  Must have a married income of less than $225,000 or a single income of $125,000
  3.  Must purchase a new home
  4.  Both the sale and buy must take place between now and 4/30/2010; closing before 6/30/2010.

Jan through October Market Stats for Fishers Real EstateMoving into the October market for Fishers, we saw 118 homes close compared with 114 last year.  This is great to see after several months of 2008 beating 2009.  We are currently still behind about 7% from a year ago in looking at the year to date figures. In terms of distressed properties, there were 15 this month and 14 last October.

The average days on market were 80 this month which is substantially less than they were a year ago at 96.  The average price per square foot remains relatively constant at $100 from a year ago; so not a great deal of appreciation this year although it DOES vary by subdivision.

We saw Sunblest Farms hit it out of the park this month with 7 sold properties and the days on market were 4, 5, 8, 13 and 34 for five of those.  When you can list a house and sell it in the same week; that's a hot neighborhood!

Lake Stonebridge had three that sold this month; it is where I ultimately want to retire!  I watch that neighborhood closely.

There were two homes that were over $1,000,000 sell this month; the days on market for those were significant at 156 days and 246 days.

If you'd like specific information on your neighborhood, send me a quick email or reply to this blog post and I'll give you graphs and statistics on your home.

I am your Fishers Realtor signing out!

Search homes for sale in Fishers by Neighborhood

Other Northside Blogs (Carmel, Noblesville, and Geist)

Search Homes in Fishers IDX      Your Fishers Homes Value CMA

 Cindy "in Indy" Marchant - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website

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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Well done report. Thanks for sharing. Best wishes for continued success.

Nov 13, 2009 10:48 PM #1
Pat O'Reilly
RE/MAX..214-289-6176 Irving and all of Dallas Fort Worth - Irving, TX

Cindy..I like this report. I think I will borrow some of it to report my area in Dallas Fort Worth...thanks..

Nov 13, 2009 11:14 PM #2
Cindy Marchant
Keller Williams Indy NE 317-290-7775 - Carmel, IN
"Cindy in Indy" , Realtor, Fishers Real Estate

Thank you Roy for the comment.

Pat, you can life whatever you'd like from the report.  I do it in excel and then "snap" the graph and load it into Picnik to resize and label it. 

Nov 13, 2009 11:57 PM #3
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Cindy Marchant

"Cindy in Indy" , Realtor, Fishers Real Estate
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