Carmel Indiana Real Estate Market Report 2010

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Real Estate Agent with Keller Williams Indy NE 317-290-7775 www.marchantteam.com

The year end report for 2010 homes sold in Carmel Indiana numbers are in and they are pretty Carmel Homes sold by yeargood, all things considered!  With 1,224 homes sold in Carmel in 2010, that is only a 3% decline from the 2009 levels where 1,264 homes were sold.  Some of the other statistics include the days on market where 2010 showed improvement at 80 compared with 85 DOM a year ago.  Also the price per sq ft increased to $113/sq ft in 2010 compared with $111 in 2009.

The luxury market of homes sold in Carmel also showed improved with 188 homes over $500,000 selling in 2010 compared with only 163 in 2009.  The most expensive home selling in 2010 was of course the Hilbert Mansion.  It sold for $3,000,000 and started at a price of $20,000,000.  The number of homes over $1,000,000 selling was fairly consistent at about 15 in each year.

For the month of December alone the numbers were again lower at 78 homes sold versus 99 in 2009.  The days on market were consistent at 89 and the price per sq ft was up to $114 from $108 a year ago.  We have seen the last few monthCarmel RIndiana eal Estate sold by Quarter 2010s drop off as we borrowed so many buyers from 2010 in the first six months as they took advantage of the tax credit.

As we look at the quarterly data for Carmel we can see that the first time buyer credit is indeed a factor in the first two months.  This last quarter is a bit dismal but my forecast is that we will see more and more buyers entering the market again.  I personally have three families relocating to the Indianapolis/Carmel area before July. 

If you are thinking about selling your home in Carmel or buying a new home; now is the time to be discussing the market of your neighborhood. 

The interest rates are just beginning to tick upwards so buyers will be buying soon.  Your Carmel Realtor is ready to assist you when you are ready.

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Cindy "in Indy" Marchant - Carmel Real Estate Agent
Keller Williams Realty Indy Metro NE
Carmel IN Real Estate Website
317-290-7775

CindyMarchant@comcast.net

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Rainmaker
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Elizabeth Arduain
The Diamond Group @ Keller Williams - Lubbock, TX
Lubbock Texas Real Estate

Cindy, it looks like your market held its own and actually improved over 2009 in some areas such as dom.  Also your sales for properties over $500,000 were pretty good.........some pent up demand and good prices can bring that group out eventually.

Jan 12, 2011 11:18 PM #1
Rainmaker
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Ellie Penaranda
239.776.5077 Downing-Frye Realty - Naples, FL
Naples Florida Real Estate - Waterfront & Beach Co

Cindy, very nice report... it looks like the market is stabilizing in your area with some good news for  luxury homes.  I wonder if the season of the year plays a role in the sales activity - you had a strong 2nd & 3rd quarter and we had a strong 4th quarter.

Jan 12, 2011 11:42 PM #2
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Cindy Marchant
Keller Williams Indy NE 317-290-7775 www.marchantteam.com - Carmel, IN
"Cindy in Indy" , Realtor, Fishers Real Estate

Hi Elizabeth and Ellie...I wish I had a few luxury buyers !  I think they all went south to Texas or Florida...lol

Cindy in INdy

Jan 13, 2011 08:28 AM #3
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Cindy Marchant

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