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friends helping friends buy and sell homes
2008 REAL ESTATE MARKET REVIEW
2008 INDIANAPOLIS
MARKET REPORT
The Evelo Team is ranked as the 4th Top Real Estate Team in Indiana, offering unparalleled service to over 760 families with proven results for more than 14 years! Whether you're looking for homes and/or property in Fishers, Carmel, Noblesville, Indianapolis or surrounding areas, The Evelo Team can help you with ALL of your real estate needs.
[Selling your Home] In today’s real estate market, it is more important than ever to price your home competitively. Spend time investigating local Realtors with extensive knowledge of your local market.
[Buying a New Home] With more than 1,800 properties currently on the market and available for purchase, Indianapolis offers a great selection. Even today, Indianapolis sales prices remain strong. It is not wise to wait for the market to “bottom out”; if you wait too long, the best deals may have already been taken. Let The Evelo Team help you find your perfect home. Call us today!
[Current Homeowners] There’s no place like Indianapolis: Enjoy your investment! Cheer on the Colts & Pacers. Enjoy all of the cultural, recreational and shopping opportunities while knowing The Evelo Team is always here for all of your future real estate needs.
hether you or thinking about
buying or selling, interested in the local
housing market, or seeking answers to your real
estate questions, you can rest assured that you will
be well-cared for with Stephanie and Derek Evelo.
We are experts in the Indianapolis, Indiana area and
surrounding towns of Fishers, Carmel, Westfield and
Noblesville, and can help you understand current
market trends and how they will affect selling your
old home or purchasing your new home.
We hope you find this information valuable.
Please don’t hesitate to contact us for additional information, or for
answers to your real estate questions.
The Evelo Team: We are friends helping friends buy and sell homes
317-863-4663 Want to know what your home is worth? Check out www.AreaMarketSnapshot.com
32,60129,777
25,468
0
7,000
14,000
21,000
28,000
35,000
2006 2007 2008
What is happening with
the Indianapolis Metro Real
Estate Market?
25,468 units were sold in Indianapolis and the
13-county MIBOR service area in 2008. There
were 4,309 (14%) less sales during 2008 than
the previous year. Of the units that sold, the
majority (87.5%) were priced under $250,000.
Fifty-five units sold priced over $1,000,000.
$142,702$151,596$154,892
$0
$40,000
$80,000
$120,000
$160,000
2006 2007 2008
Number of Units Sold
$116,900$122,000$123,000
$0
$40,000
$80,000
$120,000
2006 2007 2008
Average Sales Price
Median Sale Price
Did you know….
• Money Magazine ranked Fishers #10 in “Best Places to Live 2008”
• Hamilton County topped the #1 spot in Forbes “America’s Best Places to Raise a Family”
861
220
252
5349
987 2319
2096
1650
13690
514
888
445
506
719
156
190
4641
831 2087
1832
1327
392
785
376
448
1168
5
0
3000
6000
9000
12000
15000
Boone
Brown
Decatur
Hamilton
Hancock
Hendricks
Johnson
Madison
Marion
Montgomery
Morgan
Putnam
Shelby
-17% -29% -25% -13% -16% -10% -13% -20% -15% -24% -12% -16% -11%
Properties Sold 2007 vs 2008 by County
61,19459,058
51,881
45,000
50,000
55,000
60,000
65,000
2006 2007 2008
New Listings
Boone -4%
Brown -5%
Decatur -8%
Hamilton -4%
Hancock -7%
Hendricks -4%
Johnson -6%
Madison -1%
Marion -10%
Montgomery -8%
Morgan -6%
Putnam -2%
Shelby -7%
$239,761
$190,423
$112,383
$245,982
$138,331
$158,616
$144,050
$77,809
$104,964
$96,355
$129,213
$116,902
$100,319
Average Sales Price by County
It’s a Great Time to be an Indianapolis Homeowner!
“Cosmopolitan with Midwestern appeal, Indianapolis is fast becoming one of America’s favorite cities.” - Northwest Airlines WorldTraveler, May 2008
Want more information?
The Evelo team of professional are always happy to help answer your questions and offer advice, regardless of where you might happen to be in the “buy, sell, ‘stay’” cycle. Contact us today for answers to all of your real estate questions! (317) 863-4663