Waterfront Homes Market Trends

January 31, 2010 - Waterfront Stats & Past 12 Month Stats

Northern Marion County - Waterfront Only - Single Family Homes - 
January 31, 2010

Northern
Marion County
New
Listings
Sold
Listings
Average
Sales Price
Average
DOM
Highest Sold
Year-to-Date
Past 12 Months
Year End 2009
457
434
 193 
197
$277,159
$274,706
 96 
95
$1,650,000 
$1,690,000 
Year End 2008
481
199
$259,578
103
$2,200,000
Year End 2007
537
237
$230,835
86
$1,150,000

Carmel - Waterfront Only - Single Family Homes -              January 31, 2010

Carmel
New
Listings
Sold
Listings
Average
Sales Price
Average
DOM
Highest Sold
Year-to-Date
Past 12 Months
228
87
$426,861
118
$1,255,000 
Year End 2009
Year End 2008
 228 
236
 85 
123
 $428,863 
$470,335
 114 
76
 $1,255,000 
$1,999,900
Year End 2007
256
139
$504,753
74
$2,700,000

Fishers - Waterfront Only - Single Family Homes -                           

January 31, 2009

Fishers
New
Listings
Sold
Listings
Average
Sales Price
Average
DOM
Highest Sold
Year-to-Date
Past 12 Months
Year End 2009
317
320
158
158
$317,605
$322,022
88
87
$2,625,000
$2,625,000
Year End 2008
407
186
$314,292
84
$2,000,000
Year End 2007
392
179
$327,753
74
$1,599,900

Northern Marion County - Waterfront Only - CONDOS -                 

January 31, 2009

Northern
Marion County
New
Listings
Sold
Listings
Average
Sales Price
Average
DOM
Highest Sold
Year-to-Date
Past 12 Months 
Year End 2009
 293 
287
 119 
117
 $179,348 
$177,413
 94 
96
 $580,000 
$580,000
Year End 2008
285
119
$163,922
88
$715,000
Year End 2007
335
141
$180,333
93
$640,000

Despite all the negative press, there is plenty of mortgage money available and historically low interest rates at or many times below the 5% range - now is a GREAT time to buy!  If you are thinking about taking advantage of current moderate home prices, just give me a call @ 317-290-6688.

Together, we'll get you the best possible deal!

You can find additional sales stats for our entire market area in our Recommended Links section on www.HomesOnWater.com.

Statistics provided by the Metropolitan Indianapolis Board of Realtors and are deemed reliable but not guaranteed. 

2008 Final Sales Stats - All Property Types

 

Sales Stats over $100,000 are much better than those sales under $100,000.  

I finished comparing the sales stats for Northern Marion County, Carmel & Fishers.  I combined all their sales stats and then focused on those properties that sold OVER $100,000 and those that sold UNDER $100,000.

2008 Homes & Condos

Selling over $100,000 - 15.9% of sales were not normal sales.
Selling under $100,000 - 71.5% of sales were not normal sales.

2007 Homes & Condos

Selling over $100,000 - 12.5% of sales were not normal sales.
Selling under $100,000 - 62.0% of sales were not normal sales.

2006 Homes & Condos

Selling over $100,000 - 11.4% of sales were not normal sales.
Selling under $100,000 - 54.1% of sales were not normal sales.
 
As you can see, over the past 3 years those sales over $100,000 have done a lot better than those under $100,000.
 
For this analysis, sales that were not normal sales are sales that were - foreclosed, pre-foreclosure, bank-owned, bankruptcy, probate, HUD owned, VA owned, possible short sale, as-is, relocation owned & relocation controlled. 
 
Waterfront Sales Stats for 2008 -
The Waterfront Average Sale price went UP in 4 areas of Central Indiana. 

We are still experiencing a great Buyers Market. 

If you or someone you know hasn't owned a home over the past 3 years, they may be eligible for a Tax Credit up to $8,000.  If you are planning a purchase, give me a call at 317-290-6688.

Contact Information

Photo of The Randy Worrell Group Waterfront Real Estate
The Randy Worrell Group
RE/MAX Legends Group
5645 Castle Creek Pkwy N
Indianapolis IN 46250
317-290-6688
Fax: 317-216-5561

Randy Worrell  -  RE/MAX Legends Group            317-290-6688 Direct           317-819-4663 Office