Broad Ripple Village Real Estate Market Report
Following is the market report for the area known as Broad Ripple Village as of June 11th 2011.
May was an interesting month for the Broad Ripple Real Estate Market....The number of listings increased quite a bit due to a large influx of condos that entered the market. The highest priced single family home is probably bit overpriced and I suspect it will eventually drop down into the 300K range. Pending listings are down from the previous month and the number of sales in May 2011 compared to 2010 were about half likely because home buyers were scrambling to close in order to claim the 2010 tax credit that was in effect at the same time last year.
Happy Home Buying/Selling!
|Current Active Listings||67||Min Price: $99,900||Max Price: $419.900||21 Condo, 46 Single Family|
|Pending Listings||8||Min Price: $109,900||Max Price: $275,000||2 Condo, 6 Single Family|
|Sold in the month of May||11||Min Price: $79,900||Max Price: $305,000||1 Condo, 10 Single Family|
|Sold Previous Year (2010)||21||Min Price: $118,500||Max Price: $324,900||2 Condo, 19 Single Family|
Broad Ripple Village is bound by Kessler Boulevard East Drive on the south, North Meridian Street on the west, the White River on the north, and North Evanston Avenue on the east
Broad Ripple Village is an area that is the perfect combination of old and new. Here you'll find homes built anywhere from the 1800's to current date. Broad Ripple has something for everyone with great restaurants, shopping, entertainment, and an emphasis on being active and healthy.
For more information on Broad Ripple and all that it has to offer, please visit the Broad Ripple Village Association home page.
Please feel free to contact me with any questions you may have about the area, the tax credit, or if you'd like me to send you the current active listings in the area. I look forward to hearing from you!
View properties for sale in Broad Ripple or Search homes in other areas currently on the market.