Westfield IN Market Update

By
Real Estate Agent with F.C.Tucker Co.-Carmel/Westfield IN Homes for Sale

Comparing July of 2010 to July of 2009, the real estate statistics for Westfield show some interesting figures. While the number of sold homes decreased significantly, from 51 homes sold in 2009 to 28 sold in 2010, the average sales price increased. Even though fewer Sellers found Buyers in June 2010, the Sellers that did sell sold their homes for almost $25,000 more on average. The low and high sales prices also increased over the year, signifying the slow increase of home values in the area. Another positive change was the average days on market, which dropped from 87 days in 2009 to 55 in 2010.

 

Westfield Real Estate Statistics-July 2009 versus July 2010

 

July 2009

July 2010

% Change

Sold listings

51

28

-45.1%

Average Sales Price

$225,799

$250,938

11.1%

Low Sales Price

$70,000

$90,000

28.6%

High Sales Price

$685,000

$825,000

20.4%

Average Days on Market

87

55

36.8%

 

 

Source: MIBOR, July 1-31, 2009 and July 1-31, 2010

 

* This information is deemed reliable but not guaranteed.

 

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