Here is a look at what happened on the Zionsville real estate market for August 2008 for homes under $700,000:
2007 |
2008 |
% Change |
|
| Active | N/A |
267 |
|
| Homes Sold | 33 |
41 |
24% |
| Average Selling Price | $320,104 |
$265,132 |
-17% |
| Days on Market | 75 |
98 |
31% |
| Price Per Square Foot | $128 |
$117 |
-9% |
Every time I do a report on Zionsville I feel I must caution that with a relatively low number of homes sold each month, these monthly reports may be slightly misleading. That being said, Zionsville saw a huge increase in the number of homes sold but also a big decrease in the average sales price for August compared to last year.
While I might believe the number of homes sold is up, I simply cannot believe the average sales price in Zionsville is down 17% over last year. I am not saying the numbers are wrong, I just think a few low sales could have affected the overall average. I think the year to date figures most likely represent a more accurate picture of the Zionsville real estate market. The YTD number of sales is off 11% compared to last year and the average sales price is down 2.68% as well. This I can believe.
Despite the negative numbers for the year, Zionsville does have many things going for it including all the new jobs being added to the Anson project. If you are considering purchasing a home in Zionsville, please visit our website to search for all homes for sale in Zionsville and the rest of Indianapolis homes for sale. Another popular choice for people who consider Zionsville is Carmel Indiana real estate.
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