Hamilton County Real Estate Market Homes for Sale

August 31, 2011 by · Leave a Comment
Filed under: Indiana 

Named the Forbes.com No. 1 pick for Best Places to Raise a Family in 2008, Hamilton County, Indiana continues to garner awards as one of the top places in the nation to live. Affordable housing, excellent schools, low crime, plenty of cultural and recreational opportunities, and easy access to the big city life of Indianapolis make Hamilton County real estate attractive to young families, retirees, and everyone in between.

Within Hamilton County, the towns of Carmel, Fishers, Noblesville and Westfield have all earned individual recognition on CNNMoney.com’s list of 100 Best Places to Live in the U.S. , which is impressive enough by itself. But there’s more.  In the past two years, Fishers has also won the No.1 spot on the lists of Best Suburbs for Retirement and Top 10 Cities for Families, and placed on the lists of Best Affordable Suburbs in the U.S., Top 100 Places to Live in 2010,  and Best Places to Move in the Country.  Sperling’s BestPlaces.net recognized Carmel as one of the Best Cities to Relocate To, while Noblesville has been named a Best Town for Families and an All-America City Finalist.

But all this well-deserved recognition doesn’t mean real estate in Hamilton County has escaped the housing market havoc endured by the rest of the country. The July Local Market Update released by the Metropolitan Indianapolis Board of REALTORS shows improvement in some areas for Hamilton County real estate, and some struggle in others. Most notable was a 32% increase in Closed Sales for the month of July 2011 as compared to July 2010. Most other numbers were down from a year ago, including a 5.2% decrease in Median Sale Price (220,000 in July 2011) and a 1.9% decrease in List to Sale Price. Inventory was up 10.3% to a 9.2 month supply.

In the July 2011 to July 2010 comparison, Fishers real estate fared the best of the Hamilton County towns noted as one of CNNMoney.com’s Best Places to Live, making gains in Closed Sales and Median Sales Price, and holding steady in Average Days on Market (85). Carmel homes Closed Sales increased by 16% as compared to a year ago, while the Average Days on the Market decreased slightly from 86 in July 2010 to 82 in July 2011. Closed Sales for Westfield properties were up 19% from the same time period a year ago. Noblesville real estate lost ground in all categories, although minimally in most, including a 1.6% drop in Closed Sales and 4.02% decrease in Median Sales Price.

As with most real estate markets throughout the nation, there’s still much progress to be made before the Hamilton County real estate market fully recovers. But in the meantime, you can be sure Hamilton County will remain a great place to live, work, and play.

Columbus Real Estate

January 4, 2010 by · Leave a Comment
Filed under: Ohio 
ole towne east columbus ohio
Image by joeTheRealtor via Flickr

The state’s capital, Columbus, Ohio, has seen effects on its housing market similar to those in other Midwestern cities. Though the market for real estate in Columbus was not hit as hard as areas on the coast, particularly in the West or the Gulf, residents have seen their home values decline, and many have been forced into foreclosure by the tough economic times. But lately the market shows signs for optimism.

According to the Columbus Dispatch, home sales in October were up by 25.6% from the same period in the previous year, with 2.021 sales, the highest number since October 2006, when the market was in full boom. Most of this increased activity in the Columbus real estate market can be attributed to buyers looking to take advantage of the government stimulus program offering tax rebates of up to $8,000 for qualified first-time home buyers, which has since been extended to a broader swatch of buyers.

The supply of homes for sale in Columbus has also fallen, down 30% from last year as the inventory is snatched up by buyers looking for a bargain. The market in late November stood with a 6.9-month supply of inventory, considered a balanced level, compared with 9.8 months in 2008.  and

Prices, however, have yet to recover. The average sales price was $160,000, down from nearly $164,000 in 2008, a decrease of 2.3%. Year to date, the average sales price is down 2.6% from 2008’s figures, at $164,268 from $172,063. The average price remained virtually unchanged from September, however, showing the market is at least stabilizing in price.

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South Oregon real estate

December 8, 2009 by · Leave a Comment
Filed under: Oregon 
The Oregon coastline looking south from Ecola ...

South Oregon real estate has seen the best and the worst of the housing market as changes to the area’s local dynamics have shifted over the last couple of years in response to the devastating global recession that has affected people around the world.  Some good news for owners of real estate in South Oregon came on November 16, 2009, when Michael Rose, an author for the Statesman Journal, reported that lenders foreclosed fewer homes in October than previous months.  The article claims that “About 190 homes in Salem and a portion of Marion County along the northeast edge of the city are either in default or owned by lenders, according RealtyTrac, a property and foreclosure listing firm.”  While this comes as good news to many interested parties, Rose warns that most people are not out of the woods yet.  In fact, “foreclosure activity nationwide has declined for the third month in a row, but high-risk mortgages, negative equity, and unemployment continue to put homeowners in peril.”

The Statesman Journal article also claims that current owners of South Oregon homes for sale are finding it harder to woo interested buyers and even harder to get a fair prince since “homeowners seeking to refinance sometimes learn that the appraised value of their property is less than anticipated because the comparable sales in their neighborhood include distressed sales.”

An upward momentum in the local real estate market was noticed by Steve Cook who published an article on November 12, 2009, in the UPI.  Cook wrote that “home sales activity across the country is picking up even though we are entering a period when sales usually slow down as the holidays approach.”  More specifically, “In Gold Beach, on the south Oregon coast, there are 18 pending sales this November compared to zero pending sales a year ago.”  Much of the increase can be attributed to President Obama’s homebuyers’ tax credit that went into effect and provided potential buyers with incentive to purchase immediately.

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