Here is a glance at what happened on the market for Carmel Indiana homes under $700,000 in September 2008:   2007 2008 % Change Active N/A 666 Homes Sold 94 70 -26% Average Selling Price $311,257 $273,889 -12% Days on Market 76 86 13% Price Per Square Foot $112 $110 -2% The number of homes sold is again off pretty significantly over last year. After a slight gain in the average sales price over the past couple months, this month saw a relatively big dip in the average sales price compared to last year. Let’s hope this is an anomaly, but the average sales price for September 2008 was the lowest it has been for the entire year in Carmel. In addition, September 2007 had an unusually high average sales price compared to the rest of the year. Let’s hope things even out over the next few mon... 10/07/2008

Here is what happened on the Carmel Real Estate market in August 2008 with homes under $700,000:   2007 2008 % Change Active N/A 661 Homes Sold 142 112 -21% Average Selling Price $289,395 $291,020 1% Days on Market 63 70 11% Price Per Square Foot $111 $110 -1% Same old story again: the number of homes sold is down pretty significantly over last year with the average sales price up ever so slightly. The number of homes sold is off 21% compared to last year; however this is actually an improvement over the last several months. In addition, the absorption rate or the number of month’s supply of homes is trending slightly downwards. The days on the market is up 7 days, taking 11% longer to sell a home this year than last. However, 70 days to sell a home in this market is still quite good co... 09/19/2008

Fall Ushers in International Arts Festival! Be sure to set aside some time to peruse the works of more than 150 juried artists during Carmel's International Arts Festival September 27-28.  Displays of watercolors, oil paintings, jewelry, photography, pottery, and woodwork will line the streets of Carmel's trendy Arts and Design District, while food vendors and local eateries will offer tasty treats guaranteed to satisfy even the pickiest of palates.  For those who want to leave motorized vehicles in the garage and combine a day of shopping with a little exercise, Pedal & Park will be on hand to secure bicycles and rollerblades.  This could be perfect occasion to take a leisurely ride along the Monon Trail, a formerly abandoned portion of railroad tracks transformed into the Indianapolis... 09/04/2008

Here is a quick glance at what happened in the Carmel Indiana real estate market for July 2008 for homes under $700,000:   2007 2008 % Change Active N/A 682 Homes Sold 161 117 -27% Average Selling Price $296,681 $305,635 3% Days on Market 65 71 9% Price Per Square Foot $115 $115 n/a Pretty much the same old story: number of homes sold is way down while the average selling price is actually up a little over 3% compared to last year. It is taking 9% longer, or 6 more days to sell a home in Carmel but the average price per square foot remain the same as last year. These numbers really just go to show again that Carmel real estate remains some the most desirable in the region and the average sales price increase confirms that Carmel remains a very safe investment in the Indianapolis area. ... 08/18/2008

Here is a quick glance at what happened with Carmel IN homes under $700,000 for June 2008:   2007 2008 % Change Active N/A 728 Homes Sold 164 120 -27% Average Selling Price $321,588 $292,768 -9% Days on Market 57 53 -7% Price Per Square Foot $118 $112 -5% While the Carmel real estate market typically outpaces the rest of the Indianapolis market, it doesn’t appear to have fared too well this month. The number of homes sold is down 27% over last year and the average selling price is down 9% over last year. I am somewhat inclined to believe that the average selling stat is a bit of an anomaly. The average selling price of $321,588 is abnormally high compared to last month’s average of $280,527 and the YTD average of $294,340. The past 3 months, Carmel has shown no depreciation and even a ... 07/25/2008

There is mixed news from the Carmel Indiana real estate statistics for May 2008. The number of homes sold is predictably down while the average selling price is up ever so slightly. Here is a snapshot of what happened with Carmel Indiana homes under $700,000 in May 2008:   2007 2008 % Change Active N/A 716 Homes Sold 152 114 -25% Average Selling Price $280,527 $281,971 1% Days on Market 76 70 -8% Price Per Square Foot $111 $112 1%   While the number of homes sold is down, all the other numbers are yielding positive signs. The average selling price is up slightly, the average days on the market is down, and the price per square foot is up slightly also. I have said it before, but Carmel real estate remains one of the strongest in the entire Indianapolis area. In this market, to see posi... 07/01/2008

The Carmel real estate market report for April 2008 is sending mixed messages with the number of Carmel homes sold down and the average selling price for Carmel real estate is up. Here is what happened in April 2008 on the Carmel real estate market for homes under $700,000:   2007 2008 % Change Active N/A 734 Homes Sold 100 53 -47% Average Selling Price $117,856 $125,815 7% Days on Market 83 107 29% Price Per Square Foot $71 $65 -8% As you can see the number of homes is down pretty significantly at a 26% decline while the average selling price is up 3.5% over last year. In addition, the average days on the market is relatively unchanged with it only taking 3 days longer to sell a house this year versus last. Interestingly, while the average selling price was up the average price per sq... 05/13/2008

Well after a pretty sad month in February for Carmel Indiana real estate, it seems to have bounced back in March. While the number of homes sold is still down over last year, it is vast improvement over last month. Here is what occurred in Carmel for homes under $700,000 in March:     2007 2008 % Change Active N/A 617 Homes Sold 103 85 -17% Average Selling Price $284,095 $284,733 .22% Days on Market 93 110 18% Price Per Square Foot $113 $113 0%     February’s number of homes sold was down 40%, but as you can see the number of Carmel homes sold in March was only down 17%. In addition the average sales price is actually slightly up over last year. There are currently 617 Carmel homes for sale and in the past 12 months 1295 homes have sold. This means the absorption rate for the Carmel re... 04/08/2008

Thinking of a career in real estate?  Talk to me about joining the number one company in the State of Indiana.  Are you an experienced agent?  Let me update you on what the Carmel office has to offer....... 03/31/2008

The Carmel Indiana real estate report for February 2008 unfortunately does not offer a lot of good news for sellers. The number of sales are way down over last year while the average selling price is also down. Here is a snapshot of what happened on the Carmel real estate market in February 2008:     2006 2007 % Change Active N/A 554 Homes Sold 91 55 -40% Average Selling Price $317,520 $295,416 -7% Days on Market 80 108 35% Price Per Square Foot $122 $112 -8%   The number of Carmel Indiana homes that sold is down almost 40% over last year and the average selling price is down almost 7%. The days on the market are up 35% and the price per square foot is down 8%. Like I mentioned in my previous post, the only good news I can see is the absorption rate (# of month’s supply of homes curren... 03/06/2008

Untitled Document There are currently 716 homes for sale on the Carmel Indiana real estate market with an average asking price of $517,920. Here is a quick look at the currently inventory for Carmel:     2007 Active 716 High Asking Price $20,000,000 Low Asking Price $89,500 Average Asking Price $517,920 Days on Market 109 Price Per Square Foot $157   I am quite sure the $20 million home and a few other luxury homes for sale are skewing the numbers a little bit which is why I also ran the numbers for Carmel homes for sale under $700,000:     2007 Active 574 High Asking Price $699,999 Low Asking Price $89,500 Average Asking Price $330,440 Days on Market 93 Price Per Square Foot $134     I think the second batch of numbers more accurately reflects the Carmel real estate market showing an ... 03/05/2008

Aberdeen Bend from Silverthorne Homes in Carmel Indiana is a small community of ranch and two story homes that are being offered from the low 300’s. Aberdeen Bend is located in west Carmel off of 131st Street between Shelbourne and Town Roads and is part of the award winning Carmel-Clay school district. The community features oversized home sites, mature trees, waking trails and several ponds. Aberdeen Bend offers and impressive 14 floor plans to choose from including 3 ranches. Aberdeen Bend also has an impressive list of included features its homes including: side load garages, basements, 9’ first floor ceilings, hardwood floors, irrigations system, and wood decks just to name a few. If you would like more information about Aberdeen Bend, Silverthorne Homes, or any other Carmel new ho... 02/26/2008

The Village of West Clay is a very impressive master planned mixed use development in Carmel Indiana.  West Clay boasts some very diverse architecture that is masterfully planned into very cohesive but large community.  West Clay is offers single family homes, town homes, retail, and office space in a community that strives to promote traditional values and lifestyle.  Here is a small sample of what some of the builders in West Clay are offering:Beazer Homes West Clay: Maintenance free townhomes with 2 and 3 story floor plans that are priced in the high 200’s.Pulte Homes West Clay: Single family homes with 4 floor plans to choose from that range from $447,000 - $498,000.Ryland Homes West Clay: Single family homes with 4 floor two story floor plans that range from $350,000 - $385,000.Whe... 02/22/2008

Ryland Homes Stanford Park is a community is Carmel Indiana that offers single family homes, 3 story townhomes, and single story low maintenance villas.  Stanford Park’s price range is from $162,000 - $244,000 with homes ranging in size from 1419 – 2867.  Stanford Park is located on the west side of Carmel north of 116th Street on Shelbourne Road.  The community boasts 3 football fields, walking trails, several ponds, and plenty of open space.The villas offers single story living and a maintenance lifestyle in the heart of Carmel.  The townhomes will all be 3 stories and all will have a full brick front and ¾ brick in total.  The single family homes will all be two stories and buyers have seven different floor plans to choose from.  Overall, Stanford Park in Carmel does offer a little s... 02/21/2008

Brookshire in Carmel Indiana is community centered around the Brookshire Golf Course located north of 116th Street and east of SR 431.  The four subdivisions that make up Brookshire total to approximately 1000 homes with prices ranging from the high 100’s to the 500’s.  Most of the homes in Brookshire were built in the 1970’s and offer very coveted oversized home sites.  If you are looking for affordable golf course living in Carmel Indiana Brookshire is definitely worth a look.  The city has actually recently taken over the golf course and are making plans to improve the course which would in turn help the real estate values in Brookshire.  If you like the larger home sites, but don’t care for the golf course atmosphere you might want to check out Cool Creek.  Perhaps you prefer the go... 02/13/2008

The Carmel Indiana real estate market is exhibiting the same behavior as in past months with the number of homes sold down and the average selling price slightly up. Here is a summary of what happened in Carmel in January 2008:   2006 2007 % Change Active N/A 554 Homes Sold 57 47 -18% Average Selling Price $280,842 $286,021 2% Days on Market 118 89 -25% Price Per Square Foot $122 $108 -11%   While the number of homes sold is down 18% over last year, the average selling price for Carmel Indiana homes is up. In addition, the average days on the market for Carmel homes is down 25% over last year. There are currently 554 Carmel home on the market with an average asking price of $325,272. In the past twelve months, 1330 homes have sold with an average selling price of $296,996. What this me... 02/11/2008

Hurray!  Things look like they might be nosing up in the housing market.  Showings seem to be up, and we have had more listings this month than the last 2 months.  As for me, I'd love to see the national media get a handle on the negative spin they put on the housing market.  Real estate is REGIONAL!  Yes, Michigan, Florida and other states are really struggling.  Indiana isn't the same market!  In fact, I believe Indiana to be an "in the middle" state.  We will never be at the top of the list for appreciation, crime, growth, gang wars or a housing boom.  Neither will we be at the bottom.  Characteristically, Indiana is in the middle.  We don't often see the wide swings the east and west coast get.  And, yes - theFlorida real estate market is hurting.  They also came off 2004 through 20... 01/21/2008

Are you looking to purchase a new home in 2008 or in the near future? Then read these mistakes to avoid making them so you have a quick and smooth buying process! I recomment contacting a local real estate agent for expert advice when buying or selling a home!Mistake #:1. Making an offer on a home without being requalified: Being prequalified by a lender will make your life easier. They ask you questions relating to your income, debt, etc. and this will help you determine the price range you can afford to look in. This is an important step, so don't pass it up. Some offers made on homes require to see a copy of a pre-qual letter!2. Limiting your search to open houses, ads or the internet alone:Keep in mind that homes you see in the paper, or real estate magazines, or on the internet may... 01/21/2008

Active: There are currently 508 homes for sale on the Carmel Indiana real estate market with an average asking price of $301,844.  The average home is listed for $124 per square foot and has been on the market for 97 days.     2006 2007 % Change Active N/A 508   Homes Sold 98 65 -34% Average Selling Price $278,395 $302,752 9% Days on Market 87 87 0% Price Per Square Foot $109 $112 3%   Sold: * December 2007 had 65 Carmel Indiana homes sell with an average selling price of $302,752.  These homes sold for $112 per square foot and took 87 days to receive a contract.  Compared to 2006 when 98 homes sold on the Carmel real estate market with an average selling price of $278,752.  Over the last year, 1272 Carmel homes have sold with an average selling price of $283,010.  The average days on ... 01/15/2008

Carmel's population rises to 68,653Carmel's population has climbed to 68,653, according to preliminary results from a special census the city paid to conduct this summer.Carmel Chamber President Mo Merhoff shared the news during Wednesday's Chamber of Commerce luncheon, indicating that the final count was higher than the city's own estimate that its population would rise to about 65,000.This is welcome news to city officials and taxpayers alike, as Carmel will reap about $3.5 million in additional state funds because of it. With a cost of about $1 million to conduct the special census, the city's net gain will be about $2.5 million, said Mayor James Brainard. Without the special census, the city would have had to wait until late 2011 or early 2012 to reap fair-share results from the nex... 10/10/2007