Westfield Carmel IN- Realty Tips

Comparing July of 2010 to July of 2009, the real estate statistics for Westfield show some interesting figures. While the number of sold homes decreased significantly, from 51 homes sold in 2009 to 28 sold in 2010, the average sales price increased. Even though fewer Sellers found Buyers in June 2010, the Sellers that did sell sold their homes for almost $25,000 more on average. The low and high sales prices also increased over the year, signifying the slow increase of home values in the area. Another positive change was the average days on market, which dropped from 87 days in 2009 to 55 in 2010.

Source: MIBOR, July 1-31, 2009 and July 1-31, 2010

* This information is deemed reliable but not guaranteed.

Looking at the housing statistics for Westfield from June 2009 and comparing them to the statistics for June 2010, we see some positive differences indicating an improving real estate market. Even though the total number of homes that sold went down, from 57 homes sold in June 2009 to 31 sold in June 2010, the average sales price rose significantly from $204,855 to $240,255. The increase in sales price indicates that homes have started to regain some value they lost from the housing bubble burst. Sellers in Westfield also enjoyed quicker sales, with the average number of days on market dropping from 82 to 51. One reason for quicker sales may have been the government tax credit motivating buyers to buy and buy quickly.

Source: MIBOR, June 1-30, 2009 and June 1-30, 2010

 * This information is deemed reliable but not guaranteed.

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Looking at the real estate statistics for the first half of this year, the market in Westfield, IN remains steady. From January through June 2010, 249 homes were on the market and 94 were sold. The average number of days on the market dropped from 61 days in the second half of 2009 to 29 days in the first half of 2010. Buyers continue to find good deals, but sellers are not giving their homes away either—sellers received 97 percent of their asking price for the first half of 2010. The most active neighborhoods in Westfield were Countryside with 22 homes sold and Centennial with 17 homes sold.  

Source: MIBOR, January 1-June 30, 2010 

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