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Fishers Indiana Real Estate Report March 2007



F


ishers Indiana Real Estate      list price of a home that went    
Report – March 2007             pending in Fishers in March 2007  
                                was down 5.4%.                    
Listings                                                                
                                      Sold                              
In March 2007 Fishers had 168 new                                       
listings with an average listing      132 homes closed in Fishers in    
price of $258,458. The number of      March 2007 with an average        
new listings and the average list     selling price of $217,655. The    
price has gone down from the same     average sales price versus list   
period last year. In March 2006,      price was just under 97% and the  
there were 353 new listings with      average days on the market was    
an average list price of              78. In 2006, 148 homes closed     
$265,705. This means the number       with and average sales price of   
of listings is down 52% year over     $231,978. The average sales price 
year and average list price is        versus list price was almost the  
down 2.7%.                            same, just a little over 97% and  
                                      the average days on the market    
Pending                               for March 2006 was 65. The number 
                                      of homes sold in Fishers was down 
In 2007 there were 197 properties     10.8% over last year, the average 
then went pending in the Fishers      sales price was down 6.1% and the 
area with average list price of       average house took 13 days longer 
$219,470. The number of pendings      to sell in 2007.                  
from March 2006 were almost the                                         
same at 199 while the average         While all the numbers are down    
list price of a home was              over March 2006, this is          
$232,208. Obviously, the amount       consistent with what the rest of  
of properties that went pending       the region has seen. Fishers      
is almost identical while average     Indiana is still a wonderful      



place and to purchase a home:         offering crazy incentive to       
Fishers was just voted in Money       compete against each other, they  
Magazine’s top 100 best places to     have a strong impact on the       
live in 2006. I believe a big         Fishers Real Estate Market. Most  
part of the problem is that           builders are hurting for sales    
Fishers is a very desirable place     right now, land acquisition has   
to live and every builder in town     slowed, and I believe the market  
has at least one development in       will stabilize in the near        
the city. With all of these           future.                           
builders vying for buyers and         

                              




About the Author:

Michael Taylor is the broker/owner of Rebate Real Estate specializing in Fishers Real Estate and Noblesville Real Estate


Read more articles by: Michael E Taylor

Article Source: www.iSnare.com


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    Fishers Indiana Real Estate Report March 2007