Every month when I write the Carmel Indiana Real Estate market report; the Village of West Clay is always among the top sales for neighborhoods. So, I thought it was time to dedicate a post to the Village of West Clay.
What people love about the Village is the quaint atmosphere, walking trails, beautiful architecture and all the amentities that are available. I often think that many of us grew up when we played hop scotch, four square and tether ball and have grown up and lost the values and the balance we once had. We all work so many hours and try to cram so much into our lives. I think the appeal of the Village of West Clay is that it reminds of us of those simplier times.
There are 657 homes or townhomes located in VWC. On average, the median appears to be about $500,000. The highest assessed value is over $3,000,000. The highest ever sold in VWC was for $2,550,000 in 2008 on Rhettsbury Street.
Currently there are 88 properties for sale in the VWC; three of those are under $150,000 on University Crescent which is the big white building. They are typically 1200 to 1500 sq ft and have a monthly maintenance fee of approximately $300.
The highest priced home for sale in the VWC is currently 12750 Bird Cage Walk for $2,795,000. It is 11,000 sq ft and has four bedrooms and five full baths. It has been on the market since 7/8/09.
Last year 68 homes sold so that the absorption rate is over one year for the Village of West Clay; a balanced market is 5 months.
As you might expect the sales prices vary greatly. There were 34 homes that sold that were over $500,000. They had a $185/sq ft price and sold on average in 134 days.
There were 34 homes less than $500,000 and those homes sold for $142/sq ft and on average in 108 days.
Every so often there are bank owned homes for sale in the VWC, seems there isn't a neighborhood that doesn't have some of these. If you desire to live in the Village, look for one of those homes. They are typically priced very well and sell quickly. Or contact me and I will put you on a list to receive automatic updates on the homes for sale in the Village.
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