Real Estate Recovery - Geist Waterfront Homes

Real Estate Agent with Keller Williams Indy NE 317-290-7775

Originally posted at My IndyWaterfront Blog

Geist WaterfrontThere are definitely signs of a real estate recovery happening in the Fishers, Carmel and Geist area.  The Fishers Real Estate market was up 40% over a year ago in July and the Carmel Real Estate market was up 14%.

So let’s look at the Geist Real Estate market and specifically the number of homes sold in Geist that are on Reservoir.

In the period January 1 - July 31st in 2010; there were 14 homes that sold (this excludes condos) that were on the Reservoir.  In 2011 for the same period there were again 14 homes that sold.  How is that a recovery you ask…

The number of homes over $1MM that sold in 2010 was one…a single one.  In 2011 for the same period, there were five over $1MM.  That alone could be considered a recovery in Geist.  But add to that the number of days these homes were on the market and the news gets better.  In 2010 the average days on market for homes for sale on Geist Reservoir were 151 days compared with only 93 this year!

I have even more good news!  There are currently 8 homes pended on the market that are on the water and their average days on market are 86.  There are two of them over $1MM.

If you have a home on Geist Reservoir that you are thinking about selling…I would say now is the time!

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 Cindy “in Indy” Marchant - Geist Real Estate Agent
Keller Williams Realty Indy Metro NE
Geist IN Real Estate Website

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David Farrell
David V. Farrell Co. - Garden City, NY
Licensed NY State Real Estate Broker

Thanks for the great post.  I really enjoyed reading it.  I especially loved the part about the signs of real estate recovery.

Aug 16, 2011 02:50 PM #1
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Wow, that average selling price Cindy went way up.

Aug 16, 2011 03:44 PM #2
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Cindy, You have some nice High End, Luxury Homes on that waterfront property in Geist. Nice real estate recovery reporting for your area.

Aug 16, 2011 05:28 PM #3
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Cindy - That is great news.  I am sure that your local news had this on the front page.

Aug 16, 2011 11:33 PM #4
Joe Kenny
Realty Executive Midwest - Darien, IL
Better Than Your Average Joe

Good real estate news. Don't let CNN get wind of it they might try to put a negative spin on it.  Great job as always.

Aug 17, 2011 03:30 PM #5
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

This is great news, Cindy.  I like to see 'real estate recovery' in a post.  May it be the start of good things to come.

Aug 17, 2011 03:37 PM #6
Leslie Ebersole
Swanepoel T3 Group - Saint Charles, IL
I help brokers build businesses they love.

Glad to see recovery in your area!

After listening to a good webinar this am, I have been messing around with trying to to display my local 2010 vs 2011 sales data in a table in wp. The way you give your info is more readable! I'm glad I saw your post.

Aug 17, 2011 04:01 PM #7
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Cindy: Very good information for Fishers, Geist, and Carmel residents as well as anyone looking to move into these areas.   

Aug 18, 2011 12:50 AM #8
Ellie Penaranda
239.776.5077 Downing-Frye Realty - Naples, FL
Naples Florida Real Estate - Waterfront & Beach Co

Hi Cindy, it really is interesting to watch the different markets.  Yet there is a common thread - over 1M is getting a lot of activity.  Wish I had some of those listings. 

Aug 18, 2011 07:27 AM #9
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!


Nice to see waterfront properties coming back; wish they would by me.

Aug 18, 2011 09:16 AM #10
Cindy Westfall
Premiere Property Group,LLC Portland Metro & Suburbs Oregon - Tualatin, OR
ABR,GRI Your Tualatin & Portland Metro Real Estate

Hi Cindy "in Indy", wow, it's really nice to see those numbers go up..and boy are they going up! Love to hear some good news for a change!

Aug 18, 2011 04:08 PM #11
Kathy Clulow
RE/MAX All-Stars Realty Inc. Brokerage - Uxbridge, ON
Trusted For Experience - Respected For Results

Cindy - High end buyers returning to the market is a sure sign of a recover yin real estate  hapenning

Aug 22, 2011 12:14 PM #12
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Cindy Marchant

"Cindy in Indy" , Realtor, Fishers Real Estate
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