Column: February home prices rise

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With 2,036 pended sales in February in Central Indiana, overall year-to-date home sales are up 8.3 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, February 2015 pended home sales rose 2.7 percent compared to February 2014, an increase of 53 homes sold in the nine counties that F.C. Tucker tracks. Six of the nine counties reported increased sales compared to February 2014. However, in Boone County sales last month tumbled 8.1 percent to 68 homes sold.

  • In Zionsville, home sales declined. Last month, 32 homes pended, a decrease of 12 homes compared to February 2014.
  • Homebuyers in Zionsville have more options. In February 2015, 178 homes were available for sale, an uptick of 9.9 percent from February 2014.
  • Home prices in Zionsville continue to make gains. For the first two months of this year, home prices averaged $382,112, an increase of 1.1 percent compared to the same time period last year.
  • Of the pended home sales in Zionsville last month, five were priced $500,000 to $999,999; 14 were priced $300,000 to $499,999; nine were priced $200,000 to 299,999; and four were priced $100,000 to $199,999.
  • Inventory is selling at a slower pace. In Zionsville, homes remain on the market an average of 96 days, nine days longer than the same time period last year.

We’re excited to see the first quarter moving in a positive direction. As we head toward the spring selling months, we’re optimistic that modest sales gains will continue across most of Central Indiana.

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Column: February home prices rise

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Commentary by Jim Litten

With 2,036 pended sales in February in Central Indiana, overall year-to-date home sales are up 8.3 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, February 2015 pended home sales rose 2.7 percent compared to February 2014, an increase of 53 homes sold in the nine counties that F.C. Tucker tracks. Six of the nine counties reported increased sales compared to February 2014, including Hamilton County where sales rose .2 percent to 417 homes.

  • In the Fishers/Geist market, home sales slipped slightly. Last month, 134 homes pended, a decrease of 16 homes compared to February 2014.
  • Inventory in the Fishers/Geist area is shrinking. In February 2015, 472 homes were available for sale, a decrease of 6.3 percent from last year.
  • Home prices in the Fishers/Geist market continue to make gains. For the first two months of this year, home prices averaged $251,185, an increase of 1.1 percent compared to the same time period last year.
  • Of the pended home sales in the Fishers/Geist area last month, seven were priced $500,000 to $999,999; 22 were priced $300,000 to $499,999; 29 were priced $200,000 to 299,999; 75 were priced $100,000 to $199,999 and one was priced at $99,999 or less.
  • Inventory continues to move at a steady pace. In the Fishers/Geist area, homes remain on the market an average of 81 days, the same pace compared to this time last year.

We’re excited to see the first quarter moving in a positive direction. As we head toward the spring selling months, we’re optimistic that modest sales gains will continue across most of Central Indiana.

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Column: February home prices rise

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Commentary by Jim Litten

With 2,036 pended sales in February in Central Indiana, overall year-to-date home sales are up 8.3 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, February 2015 pended home sales rose 2.7 percent compared to February 2014, an increase of 53 homes sold in the nine counties that F.C. Tucker tracks. Six of the nine counties reported increased sales compared to February 2014, including Hamilton County where sales rose .2 percent to 417 homes.

  • In Noblesville, home sales are rising. Last month, 86 homes pended, an increase of 12 homes compared to February 2014.
  • Inventory is shrinking in Noblesville. In February 2015, 292 homes were available for sale, a decrease of 6.4 percent from February 2014.
  • Home prices in Noblesville continue to make gains. For the first two months of this year, home prices averaged $215,247, an increase of 14.2 percent compared to the same time period last year.
  • Of the pended home sales in Noblesville last month, four were priced $500,000 to $999,999; 17 were priced $300,000 to $499,999; 19 were priced $200,000 to 299,999; 38 were priced $100,000 to $199,999 and eight were priced at $99,999 or less.
  • Inventory continues to move at a steady pace. In Noblesville, homes remain on the market an average of 78 days, the same pace compared to this time last year.

We’re excited to see the first quarter moving in a positive direction. As we head toward the spring selling months, we’re optimistic that modest sales gains will continue across most of Central Indiana.

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Column: February home prices rise

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With 2,036 pended sales in February in Central Indiana, overall year-to-date home sales are up 8.3 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, February 2015 pended home sales rose 2.7 percent compared to February 2014, an increase of 53 homes sold in the nine counties that F.C. Tucker tracks. Six of the nine counties reported increased sales compared to February 2014, including Hamilton County where sales rose .2 percent to 417 homes.

  • In Carmel, home sales are stable. Last month, 105 homes pended, a modest increase of two homes compared to February 2014.
  • Homebuyers in Carmel have more options. In February 2015, 475 homes were available for sale, an uptick of 12.3 percent from February 2014.
  • Home prices in Carmel continue to make gains. For the first two months of this year, home prices averaged $348,754, an increase of 4.5 percent compared to the same time period last year.
  • Of the pended home sales in Carmel last month, four were priced $1,000,000 to $1,999,999; 10 were priced $500,000 to $999,999; 25 were priced $300,000 to $499,999; 41 were priced $200,000 to 299,999; 23 were priced $100,000 to $199,999 and two were priced at $99,999 or less.
  • Inventory continues to move quickly. In Carmel, homes remain on the market an average of 84 days, nine fewer days than the same time period last year.

We’re excited to see the first quarter moving in a positive direction. As we head toward the spring selling months, we’re optimistic that modest sales gains will continue across most of Central Indiana.

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Column: February home prices rise

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With 2,036 pended sales in February in Central Indiana, overall year-to-date home sales are up 8.3 percent compared to this time period last year, according to statistics compiled by F.C. Tucker Company.

On a monthly basis, February 2015 pended home sales rose 2.7 percent compared to February 2014, an increase of 53 homes sold in the nine counties that F.C. Tucker tracks. Six of the nine counties reported increased sales compared to February 2014, including Hamilton County where sales rose .2 percent to 417 homes.

  • In Westfield, home sales are stable. Last month, 60 homes pended, the same number of homes compared to February 2014.
  • Inventory is shrinking in Westfield. In February 2015, 194 homes were available for sale, a modest decrease of 2.5 percent from February 2014.
  • Home prices in Westfield continue to make gains. For the first two months of this year, home prices averaged $309,915, an increase of 12.9 percent compared to the same time period last year.
  • Of the pended home sales in Westfield last month, seven were priced $500,000 to $999,999; seven were priced $300,000 to $499,999; 18 were priced $200,000 to 299,999; 27 were priced $100,000 to $199,999 and one was priced at $99,999 or less.
  • Inventory continues to move quickly. In Westfield, homes remain on the market an average of 78 days, 11 fewer days than the same time period last year.

We’re excited to see the first quarter moving in a positive direction. As we head toward the spring selling months, we’re optimistic that modest sales gains will continue across most of Central Indiana.

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