Column: Home sales up 6.9 percent

0

Commentary by Jim Litten

F.C. Tucker Company reports central Indiana home sales are up 6.9 percent year to date, compared to the same time period last year. On a monthly basis, November’s pended home sales in the nine-county region declined 9.6 percent overall. This dip was most noticeable in counties to the north than counties to the south; however, available inventory in the region was also down 6.2 percent compared to last year.

Hamilton County saw an 11.3 percent decline in inventory while the average year-to-date sale price for the county climbed 3.4 percent to $277,124.

  • In Noblesville, the average year-to-date home sale price rose 4.1 percent compared to this time last year, increasing to $230,642.
  • Inventory moved at a slightly faster pace in Noblesville in November 2015. Overall, homes sold in 60 days – six fewer days than this time last year.
  • Buyers in Noblesville had 320 homes available for sale last month, which is five fewer homes available than in November 2014.
  • Pended home sales have slipped in Noblesville. In November 2015, 83 homes sold – a decline of three homes compared to November 2014.
  • Of the pended home sales in Noblesville last month, 10 were priced $300,000 to $499,999; 24 were priced $200,000 to $299,999; 44 were priced $100,000 to $199,999; and five were priced at $99,999 or less.

Five years ago at this time, central Indiana’s pended home sales were down more than 10 percent for the year, and the average home sale price was $150,130. Now, we’re closing in on 30,000 homes sold year to date, instead of the approximately 20,000 homes in 2010, and prices are nearly $35,000 higher.

Share.

Column: Home sales up 6.9 percent

0

F.C. Tucker Company reports central Indiana home sales are up 6.9 percent year to date, compared to the same time period last year. On a monthly basis, November’s pended home sales in the nine-county region declined 9.6 percent overall. This dip was most noticeable in counties to the north than counties to the south; however, available inventory in the region was also down 6.2 percent compared to last year.

Hamilton County saw an 11.3 percent decline in inventory while the average year-to-date sale price for the county climbed 3.4 percent to $277,124.

  • In Westfield, the average year-to-date home sale price rose 12.8 percent compared to this time last year, increasing to $304,901.
  • Inventory moved at a slightly faster pace in Westfield in November 2015 compared to November 2014. Overall, homes sold in 68 days – a day faster than this time last year.
  • Buyers in Westfield had more options available to them. Last month, 234 homes were available for sale – 35 more homes compared to November 2014.
  • Pended home sales decreased in Westfield. In November 2015, 48 homes sold – seven fewer homes compared to November 2014.
  • Of the pended home sales in Westfield last month, six were priced $500,000 to $999,999; 12 were priced $300,000 to $499,999; 20 were priced $200,000 to $299,999; and 10 were priced $100,000 to $199,999.

Five years ago at this time, central Indiana’s pended home sales were down more than 10 percent for the year, and the average home sale price was $150,130. Now, we’re closing in on 30,000 homes sold year to date, instead of the approximately 20,000 homes in 2010, and prices are nearly $35,000 higher.

Share.

Column: Home sales up 6.9 percent

0

F.C. Tucker Company reports central Indiana home sales are up 6.9 percent year to date, compared to the same time period last year. On a monthly basis, November’s pended home sales in the nine-county region declined 9.6 percent overall. This dip was most noticeable in counties to the north than counties to the south; however, available inventory in the region was also down 6.2 percent compared to last year.

Hamilton County saw an 11.3 percent decline in inventory while the average year-to-date sale price for the county climbed 3.4 percent to $277,124.

  • In Carmel, the average year-to-date home sale price decreased 1.9 percent compared to this time last year, decreasing to $321,424.
  • Inventory moved at a slightly slower pace in Carmel in November 2015. Overall, homes sold in 79 days – 11 more days than this time last year.
  • Buyers in Carmel had slightly fewer options available to them. Last month, 448 homes were available for sale – 13 fewer homes compared to November 2014.
  • Pended home sales have slipped in Carmel. In November 2015, 92 homes sold – a decline of 14 homes compared to November 2014.
  • Of the pended home sales in Carmel last month, 11 were priced $500,000 to $999,999; 41 were priced $300,000 to $499,999; 26 were priced $200,000 to $299,999; 13 were priced $100,000 to $199,999; and one was priced at $99,999 or less.

Five years ago at this time, central Indiana’s pended home sales were down more than 10 percent for the year, and the average home sale price was $150,130. Now, we’re closing in on 30,000 homes sold year to date, instead of the approximately 20,000 homes in 2010, and prices are nearly $35,000 higher.

Share.

Column: Home sales up 6.9 percent

1

F.C. Tucker Company reports central Indiana home sales are up 6.9 percent year to date, compared to the same time period last year. On a monthly basis, November’s pended home sales in the nine-county region declined 9.6 percent overall. This dip was most noticeable in counties to the north than counties to the south; however, available inventory in the region was also down 6.2 percent compared to last year.

Hamilton County saw an 11.3 percent decline in inventory while the average year-to-date sale price for the county climbed 3.4 percent to $277,124.

  • In Fishers/Geist, the average year-to-date home sale price decreased 8.4 percent compared to this time last year, to $260,628.
  • Inventory moved at faster pace in Fishers/Geist in November 2015. Overall, homes sold in 58 days – 14 fewer days than this time last year.
  • Buyers in Fishers/Geist had fewer options available to them. Last month, 476 homes were available for sale – 61 fewer homes compared to November 2014.
  • Pended home sales have slipped in Fishers/Geist. In November 2015, 100 homes sold – a decline of 29 homes compared to November 2014.
  • Of the pended home sales in Fishers/Geist last month, one was priced $1,000,000 to $1,999,999; four were priced $500,000 to $999,999; 27 were priced $300,000 to $499,999; 28 were priced $200,000 to $299,999; 38 were priced $100,000 to $199,999; and two were priced at $99,999 or less.

Five years ago at this time, central Indiana’s pended home sales were down more than 10 percent for the year, and the average home sale price was $150,130. Now, we’re closing in on 30,000 homes sold year to date, instead of the approximately 20,000 homes in 2010, and prices are nearly $35,000 higher.

Share.

Column: Home sales up 6.9 percent

0

F.C. Tucker Company reports central Indiana home sales are up 6.9 percent year to date, compared to the same time period last year. On a monthly basis, November’s pended home sales in the nine-county region declined 9.6 percent overall. This dip was most noticeable in counties to the north than counties to the south; however, available inventory in the region was also down 6.2 percent compared to last year.

Boone County saw a 6 percent decline in inventory, and pended home sales also decreased more than 32 percent. Year-to-date, the average sale price for the county is at $269,506.

  • In Zionsville, the average year-to-date home sale price increased 2.5 percent compared to this time last year, increasing to $372,313.
  • Inventory moved at a slower pace in Zionsville in November 2015 compared to November 2014. Overall, homes sold in 77 days – four days slower than this time last year.
  • Buyers in Zionsville had slightly more options available to them. Last month, 175 homes were available for sale – six more homes compared to November 2014.
  • Pended home sales have slipped in Zionsville. In November 2015, 26 homes sold – a decline of 22 homes compared to November 2014.
  • Of the pended home sales in Zionsville last month, two were priced $500,000 to $999,999; 12 were priced $300,000 to $499,999; six were priced $200,000 to $299,999; and six were priced $100,000 to $199,999.

Five years ago at this time, central Indiana’s pended home sales were down more than 10 percent for the year, and the average home sale price was $150,130. Now, we’re closing in on 30,000 homes sold year to date, instead of the approximately 20,000 homes in 2010, and prices are nearly $35,000 higher.

Share.