Westfield Carmel Homes

Westfield Market Update - October
Thursday, November 5th 2009

Westfield Market Update - October

What’s the housing market look like in Westfield IN? According to the Metropolitan Board of Realtors, there were 483 single family homes and condominiums on the market in Westfield, IN., at the end of October, which is a 16% decrease from the same period last year. In October of 2008, there were 573 active listings. The average list price in the area was $245,873 and the average sales price was $234,565.

During the month of October there were 59 homes that sold averaging 95 days on the market, a slowdown from October 08, which averaged 68 days on the market. Recent sales may be indicators of perceived value. Additionally, there were 40 pended sales or homes ‘under contract’ waiting completion. Sellers are receiving an average of 95.5% of list price which is slightly less than October 08. The market has slowed down, as evidenced by the number of days on the market. The following chart gives a comparison of October 2009 to October 2008:

Category	October 2008	October 2009	# Change	% Change
Sold	51	58	7	- 13.7%
Ave. List Price	$223,061	$245,873	$22,812	10.2
Ave. Sales Price	$214,133	$234,565	$20,432	9.5%
List/Sales %	96%	95.5%	.5	.5%
Ave. DOM *	68	95	27	39.7%

For previous months click here

*DOM – days on market

Figures were pulled from the MLS 11/04/2009

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Westfield Market Update - June
Thursday, August 13th 2009

We keep hearing that the market is picking up in Westfield IN. Well, is it? Based on the following data on housing in Westfield, it sure looks like it. Currently, there are 309 homes on the market, ranging from $3,190,000 to $64,995. Most of the higher priced homes are located at the Bridgewater Club and Viking Meadows. So, if you want pricy in our great community, we’ve got pricy. On the other hand, if you are a first time homebuyer, wanting to use your
$8000 tax credit, before November 30, 2009, now is the time.

Home sales increased 66% in June. WOW! Also, pended sales jumped to 78 in June from 47 in May. Pended sales are those still under contract, waiting to get to the closing table.

The average list price of homes dropped 27%, again making it a great opportunity for first time homebuyers wanting a home in Westfield’s community.

Westfield Neighborhoods

Andover

Bainbridge

Bridlewood

Countryside

Emerald Pines

Maple Knoll

Oak Trace

Quail Ridge

Setter Run

Springdale Farms

Sycamore

Village Farms

Woodshire

Andover Place

Brookside

Carey Commons

Crestview

Emerald Place

Merrimac

Pine Ridge

Ridgewood

Silver Lakes

Springmill Villages

The Oaks

Westfield Farms

Ashfield

Bridgewater

Centennial

Crosswind Commons

Grassy Knoll

Oak Manor

Pines of Westfield

Sandpiper Lakes

Silver Thorne

Summit Lakes

Viking Meadows

Willow Creek

The average sales price is right around the national average of $181,000, according to CNBC Mortgage and Real Estate News. Days on the market also had a 32% decrease, meaning inventory is beginning to move. These are all indicators that the market is turning around in Westfield and a great time to experience the benefits of homeownership, especially if it’s your first!

Category	May 2009	June 2009	# Change	% Change
Sold	47	78	31	66%
Ave. List Price	$289,071	$210,006	$79,065	- 27.4%
Ave. Sales Price	$275,160	$203,253	$71,907	- 26.1%
List/Sales %	95.2%	96.8%	1.6	1.6%
Ave. DOM *	112	76	30	32.1%

Source: Metropolitan Indianapolis Board of Realtors 7/25/09

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Sunday, May 24th 2009

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Westfield Market Update
Friday, May 22nd 2009

Currently there are 411single family homes and condominiums on the market in Westfield, IN., ranging from $64,995 to $2,499,999. The average list price in the area is $198,424 and the average sales price is $191,076 according to Metropolitan Indianapolis Board of Realtors.

First quarter there were 95 homes that sold averaging 99 days on the market. Recent sales may be indicators of perceived value. Additionally, there were 40 pended sales or homes ‘under contract’ waiting completion. Sellers are receiving an average of 96.3% of list price which is up slightly from first quarter last year. Homes are also selling faster as evidenced by the number of days on the market. The following chart gives a comparison of first quarter 2009 to first quarter 2008:

	Jan.- Mar 2008	Jan. – Mar 2009	# Change	% Change
Sold	165	95	70	- 42.4%
Ave. List Price	$245,108	$198,196	$46,912	- 19.1%
Ave. Sales Price	$234,335	$190,922	$43,413	- 18.5%
List/Sales %	95.6%	96.3%	.7	.7%
Ave. DOM *	107	99	8	7.5%

*DOM – days on market

Figures were pulled from the MLS 4/27/2009

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