Originally posted at My Fishers Blog
Looking at the homes that sold in Fishers during April, I was hopeful we would have good news this month; but again we are seeing the numbers way below the prior two years. It is so frustrating for sellers that need to move and/or are ready to move to have to wait so long to sell their homes and take so much less on their homes.
There are keys to selling a home in Fishers, but there is usually an objection to every house honestly. It may be on a corner, it may have a steep drive way, it may have a busy road behind it, it may have small bedrooms, it may have an odd floor plan...you get the idea. A REALTOR who is experienced and has seen hundreds of homes and been with an equal number of buyers will zero in on the possible objection and help you find ways to overcome it if possible.
For April, there were 109 homes that sold in Fishers compared with 181 a year ago; that is a 40% drop. Now it is true that April was the last month of the 2010 $8,000 tax credit; they had to be under contract by April 30th and closed by June 30th.
So, I can hardly wait to see the May numbers!
The days on market were 93 in April compared with only 70 a year ago. The homes were flying off the shelves! The price per square foot is similar so that's good news at $94/sq ft on average. There were 20 distressed properties sold in both April of 2011 and 2010. As a %age of total though it is 20% in 2011 and only 10% in 2010.
The most expensive home in Fishers that sold was just under $900,000 but took 424 days to sell. The least expensive was $76,000 in Middleton place that took 373 days...apparently the days on market does not discriminte on the basis of price!