Housing Market Report for Fishers Indiana provided by Pat Haddad | Keller Williams Realty

 

The Fishers Indiana housing market report for October 2012 is full of reasons to be thankful!

The first reason to be thankful is that sales numbers improved in all categories but one when comparing October 2012 to October 2011. Closed Sales in particular made a huge jump, as they did in Carmel (+38.37%) and throughout Hamilton County (+46%).

Fishers Housing Market Report Oct. 2012

The second reason to give thanks is that a 20.24% plummet in Average Sales Price isn't as alarming as it sounds. The numbers are skewed significantly by the sale of a $4.5 million Fishers waterfront home on Geist in October 2011 (a 20,000 square foot estate with 6 bedrooms and 7 full bathrooms - in case you were wondering). In comparison, the highest sales price in October 2012 was a mere $865,000 for a 7920 square foot waterfront home also on Geist in the Cambridge community. Average Sales Price is determined by adding up the sale price of all sold properties in the month, then dividing by the number of sold properties. Obviously, higher sales prices push up the average while lower sales prices bring it down.

The lowest sales price for October 2011 was $73,500 for a 3 bedroom brick ranch home built in 1962; October 2012 was $87,000 for a 2 bedroom condo in Limestone Springs.

The Fishers housing market report for the three months ending in October shows nearly identical results to the monthly comparison. Gains were made in all categories but Average Sales Price, where again the $4.5 million property skews the numbers.

There is no doubt that real estate activity is picking up in Fishers and throughout Hamilton County. Listings that are updated, well-maintained and priced appropriately often receive multiple offers and sell within days. To avoid paying too much for a home, buyers should ask their real estate agent to prepare a comparative market analysis for any home they are considering making an offer on. Sellers also should request a market analysis to ensure they price their home for a quick sale at the best price possible.

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