Fishers Indiana Real Estate Market Report February 2010

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

There are currently 772 Fishers homes for sale and 91 homes pended (received an accepted offer) during February.  The graph shows that for the second month in 2010 we are seeing fewer homes sell.  The difference if fairly marginal this month; the solds were only 7 homes less than a year ago.

Fishers Real Estate Sold GraphThe average price per square foot remains constant at $87.00 and the days on market improved from 107 in 2009 to just 83 in 2010. It is definitely a great time to be selling.

The neighborhoods that sold the most in February 2010 were Brooks Chase (4), Marilyn Ridge (4) and Sunblest (5).  This is probably indicative of the first time buyers credit still in force because these neighborhoods typically have homes priced lower than $150,000. 

Remember that the Marchant Team has a first time buyer class every month on the last Thursday of each month.  We have a lender, inspector and a Real Estate Agent discuss the process and answer questions. Registration is required.

The highest priced home was in Hamilton Proper for$520,000 in Turne Grove.  The lowest priced home that sold was in Cedar Cove for $83,900.

One point worth mentioning in this Fishers Real Estate market report is related to distressed properties.  In 2009 12% of the Fishers homes sold were distressed, in 2010 that number has jumped to 25%.  It continues to be a sign of the times that we have distressed properties.  The fall out of this is appraisals for "normal" homes in these neighborhoods will use these distressed properties as comparables.

If you would like to get an idea of what your home may sell for, I can give you an analysis that is free to you. I also have access to an appraiser who will appraise your home for a very very reasonable price.  If you are curious or you are still wanting to take advantage of the "repeat" buyer credit email me at and I'll help you through the process.

Search homes for sale in Fishers by Neighborhood

Other Northside Blogs (Carmel, Noblesville, and Geist)

Fishers Homes for Sale and Real Estate       Fishers Indiana Real Estate Home Values

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

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Comments (2)

Janna Scharf
Keller Williams Realty Coeur d'Alene - Coeur d'Alene, ID
Coeur d'Alene Idaho Real Estate Expert

Cindy in Indy, I always enjoy your market reports.  I'm an old dog learning new tricks.  What program do you use to capture and embed the graph into your post?  If it's something relatively easy to do, will you teach me?  Thanks tons, in advance! 

Mar 15, 2010 12:54 PM
Cindy Marchant
Keller Williams Indy NE 317-290-7775 - Carmel, IN
"Cindy in Indy" , Realtor, Fishers Real Estate

You are so kind!  I use excel to great the graph and then use MWSnap to snap the graph and save it as a jpg and then I got to and do a drop shadow and label it and size it, etc.  Sounds like a lot of work but is about 15 minutes of work.



Mar 16, 2010 02:44 PM