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West Carmel: 3rd Quarter 2009

The average time a sold home stays on the market has dropped by 25% since the first quarter of the year. Carmel's inventory is shrinking and prices are holding relativel steady. I expect this trend to cintinue through 2010. Two things to watch out for: Extension of the First-time Homebuyer Credit and Interest rates. Both catalysts have the ability to significantly impact the market's direction. ~ Jason O'Neil


Market Statistics West Carmel: 1st Quarter 2009

Neighborhood Number Sold Number Active Median List Price Median Sales Price AVG SP/ SQ. FT. AVG Days on MKT
All of Carmel 111 723 $399,900 $261,500 $113 103
All of 46032 64 343 $500,000 $241,450 $108 95
Village of West Clay 8 73 $624,900 $409,950 $151 192
Springmill Pond 1 4 $362,240 $280,000 $78 166
Ponds West 1 4 $399,000 $262,000 $88 41
Claridge Farms 0 8 $522,000 - - -
Springmill Streams 0 2 $679,950 - - -
             
             
             

Contact Information

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O'Neil & Company
Encore Sotheby's International Realty
9510 N Meridian St STE 200
Indianapolis IN 46260
317-989-0074
Fax: 317-663-1031

 

 

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