Fishers Indiana Homes Sold - November Report

By
Real Estate Agent with Keller Williams Indy NE 317-290-7775 www.marchantteam.com

Originally posted at My Fishers Blog

The news for homes for sale in Fishers is getting gloomy. The last several months have seen declining numbers compared to prior years. It certainly isn’t the low interest rates, I saw 3.25% on a 15 year last week at a closing. It certainly isn’t seller motivation, I have seen seller’s give up way more than the average 5-7% on a list price. What is it then? Perhaps consumer confidence and with an election looming in 2012; I am not sure we will be out of this for quite awhile.

2011NovFishersThe numbers for November 2011 showed an 18% decline from last year at this time. In 2011, 72 homes sold in Fishers compared with 88 last year and 123 in 2009!

The stats are equally gloomy with the average days on market at 103 in 2011 compared with only 88 a year ago. The average price of a home sold in Fishers in 2011 was $246,973 compared with $248,382 a year ago.

Some of the neighborhoods that sell like hot cakes fell off this month, most notably Sunblest. It had only one home sold this month. The only one that seems to be holding its own is Avalon of Fishers, the Pulte subdivision just north of 116th on Olio. They sold 5 homes this month.

The lowest priced home was an 1850 sq ft home in Luxhaven selling for $40,000 and Fishers saw two over $1,000,000 sell this month.

If you are thinking of selling your home in Fishers, be sure you have the best Real Estate agent in Fishers helping you. Review the comparables with them, don’t just assume they or you have the right number. Compare sq ft, compare finishes, compare lot, compare upgrades, etc. Get the right price out of the gate! Then stage it and show it whenever you can…and hopefully 11 showings later (my average), it will be SOLD!

Fishers Homes for Sale and Real Estate Fishers Indiana Real Estate Home Values

Relocating to Indy

Cindy in Indy Marchant – Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website

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Rainmaker
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Hope your market doesn't stay distressed.  Maybe there will be a resurgence in January 2012!

Dec 15, 2011 12:38 PM #1
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