Fishers Indiana Foreclosures and Short Sales

Today I wanted to focus on Fishers foreclosures and Fishers Indiana short sales.  Fishers foreclosures and short sales represent about 13% of the active market with 73 of the 569 homes on the market being “distressed”.  What is interesting is that the numbers for the market as a whole and the bank owned homes are not all that different.  For example, the average asking price for a home in Fishers is $291,230 while the average asking price for a foreclosure in Fishers is $287,381. Not that much different at all!  Also, the average selling price for a foreclosure in Fishers Indiana is a very healthy 97%. What is different is the asking price per square foot which is $107 for all Fishers homes and $91 for distressed properties. 

All in all, the Fishers foreclosure market does offer some good deals but due to its affordability and desirability these homes get picked over pretty quickly.  You can find a good deal, but you must be patient (especially with short sales) and willing to throw all logic out the window when working with banks.  Visit our Fishers real estate or Fishers homes pages for more info.