Brownsburg Real Estate Report - October 2007

By
Real Estate Agent with Red Door Real Estate

 

The numbers for the Brownsburg real estate market are somewhat baffling for October 2007.  The number of homes sold stayed the same while the average sales priced drastically reduced.

In October 2007, 41 Brownsburg homes sold with an average selling price of $169,918. The average home took 86 days to sell and received 95% of the asking price.  October 2006 saw the exact same amount of closings, 41, with an average selling price of $195,382.  In October 2006 the average home had 65 days on the market and received 96% of the asking price.    
As you can clearly see the number of homes sold remained unchanged over last year, while the average selling price dropped just over 19% from October 2006.  There are currently 384 homes in Brownsburg for sale with an average asking price of $201,760.  In the past twelve months, 583 units sold with an average sales price of $174,585.  This means if no homes are added to the market, there is a 7.9 months supply of homes on the Brownsburg real estate market. 
If you take a look at the year to date numbers you will see that October seems to be an exception to the rule as far as average sales price goes.  Over the entire year, the average sales price is only down 1% over last year.  While this may not seem like good news, in comparison to the majority of the Indianapolis market these numbers are phenomenal.

If you are looking at Brownsburg real estate you might also be interested in Avon homes.


  Number of Homes Sold Average Selling Price Days on Market SP/LP
         
Oct. 2007
41
$157,504
86
95%
Oct. 2006
41
$195,382
65
96%
% Change
-28%
0%
-19.39

 

 

Year to date numbers:

# of Homes Sold
Average Sales Price
2006
2007
% Change
2006
2007
% Change
Jan.
28
39
39.29%
$176,749
$182,480
3.24%
Feb.
38
42
10.53%
$189,566
$155,645
-17.89%
March
61
39
-36.07%
$158,622
$181,389
14.35%
April
56
50
-10.71%
$171,935
$182,829
6.34%
May
53
67
26.42%
$179,867
$162,292
-9.77%
June
72
67
-6.94%
$160,710
$172,528
7.35%
July
57
47
-17.54%
$193,780
$182,389
-5.88%
Aug.
82
51
-37.80%
$173,388
$198,133
14.27%
Sept.
45
36
-20.00%
$179,350
$171,234
-4.53%
Oct.
41
41
0.00%
$195,382
$157,504
-19.39%
Nov.
Dec.
Totals
533
479
-5.28%
$177,935
$174,642
-1.19%

 

 

 

 

 

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