Homes Sold in Fishers
Posted originally at Marchantteam.com
There were 64 homes sold in Fishers in February compared with 67 a year ago…so in line with the market of last year. Remember the first time buying credit in 2010; we sold 91 in February of 2010! I have seen many listings starting to get multiple offers and selling quicker so while February looked to be steady; I believe we will see some great numbers in March for the Fishers Real Estate market.
The statistics are still showing a bit of a decline in market values. This year we are seeing the average price of a home sold in Fishers at $210,800 compared with $235,600 a year ago. I think a good explanation for this is that we have some pent up demand with the first time buyers and those are the ones entering the markets. And they typically would buy at a lower price point. In face there were five homes that sold for less than $100,000 this month and only one over $500,000 which was in Bridgewater.
The days on market are fairly steady at about 96 which is a healthy time frame.
The neighborhoods selling the most homes in Fishers in February were Anderson Hall, Britton Falls, one of my favorites Spyglass Falls and Woodberry. I actually represented the buyers on one in Woodberry. It was a distressed property and they should make a great profit when they put it on the market later this month.