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Here are some quick stats for what happened on the Fishers Indiana real estate market for all homes that are active, pending and sold in November 2009: 100 Homes sold with an average sales price of $194,448 Average days on the market was 66 Average price per square foot was $94 High selling price $635,000 Low Selling price $79,000 593 active homes on the market Average asking price $292,724 112 Fishers IN homes currently pending with an average asking price of $208,346 Overall, this was a pre... Read Full Post

Today I wanted to look at what is happening on one of Indy’s most popular suburbs: Fishers. Fishers real estate is so popular because it is very affordable and approachable for the average family and the schools and family friendly atmosphere is fantastic. Let’s take a look at some numbers for year to date sales stats for Fishers Indiana real estate: Month Number Homes Sold % Change Average Sales Price % Change 2008 2009 2008 2009 Jan. 69 67 -2.90% $216,714 $205,432 -5.21% Feb. 86 79 -8.1... Read Full Post

I reported this on my personal blog several days ago, but I thought I would write about it here too. Ryan Homes has entered the Indianapolis real estate market taking over a defunct local builder’s land and appears to be coming into the market full force. Starting out with 10 communities across the greater Indianapolis area, Ryan Homes is offering homes for the first time home buyer with homes starting from the 90’s. Ryan Homes will be building homes in Franklin Township, Brownsburg, Nobl... Read Full Post

Today I wanted to look at what is typically one of the strongest markets in the greater Indianapolis area; Fishers real estate. Fishers real estate typically outperforms almost all other areas on Indianapolis and is a good bellwether of things to come in the market. Let’s take a look at what happened in July 2009 vs. July 2008 on the Fishers market: 2008 2009 % Change Active N/A 650 Homes Sold 167 133 -20% Average Selling Price $223,644 $203,758 -9% Days on Market 64 63 -2% Price Per Square... Read Full Post

I just received this email from Trulia “affording me the opportunity” to help millions of homeowners in need by helping Trulia create their foreclosure glossary: “More home buyers and owners are going through the complex foreclosure process today than ever before. That's why we're asking real estate experts (like you) from the Trulia Voices community to help create a Foreclosure Glossary. What's in it for you? The Foreclosure Glossary is a great opportunity to showcase your foreclosure ... Read Full Post

I wanted to highlight two different and contrasting areas of the Indianapolis real estate market today: Broad Ripple and Meridian Kessler. Broad Ripple: Broad Ripple is arguably one the “coolest” areas in all Indianapolis and offers the areas best nightlife. Butler University is right around the corner and the college atmosphere overflows into the streets of Broad Ripple. However, Broad Ripple is one of Indianapolis’ “cultural districts” and has more to offer than just a great night... Read Full Post

The area of Geist in Indianapolis is one of the only areas in the metro area where you can find true waterfront living. Geist is not a town or a city, but more of a community in the northeast portion of Indianapolis and it shares its borders with several other cities including Fishers, McCordsville and Fortville. Geist is centered around the areas most popular body of water, Geist Reservoir. Geist reservoir is a man made lake that has seen a boom in construction of past decades. As a result, ... Read Full Post

Well, not quite but almost. According the most recent PMI Risk Index there are some areas of the country where there is over a 99% chance that home prices will decline in the next two years. However, Indianapolis along with several other metro areas in the country are at the complete opposite side of the spectrum. According to this index, Indianapolis has less than 1% chance that home prices will be lower in the next two years. That is a number worth betting on. This really drives home the po... Read Full Post

I am quite sure Benjamin Dona will write a much more insightful post about this, but the FHA has clamped down guidelines again in order to stem the “buy and bail” buyers. Essentially buy and bail is when a person purchases a new home, vacates their old house and claim that they will be renting it out to offset their debt to income ratio. They then let the old home go to foreclosure with no intention of renting it out. Until now, all that was required for FHA in this situation was a lease ... Read Full Post

This coming weekend Carmel celebrates the 11th Annual Carmel International Arts Festival in the Arts District on Main Street and Rangeline. There will be 155 artists exhibiting their art, music, food, and all types of entertainment for the whole family. The festival admission is free and the festival runs both Saturday and Sunday from 10:00 am to 5:00 pm. If you have never been to the Carmel International Arts Festival, this would be a great to go and enjoy being a Carmel resident. It looks l... Read Full Post