Broad Ripple Village Real Estate Market Report, Indianapolis IN, May 2011 Data

By
Real Estate Agent with Keller Williams Indy Metro Northeast
https://activerain.com/droplet/cfj

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.

 

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Chanda Barrick

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