carmel HOUSING stats WEEKLY!
This weeks Real Estate Report by Shelly Walters | Carmel FC. Tucker as of 05-11-24
Carmel: Active 165 from $175,000-$2.5. only 28 are new builds compared to Westfield
Pending 165
Sold in past 30 days 130 with an average days on market of 33 and those list to sale ratios hover around a full list price even though they sold an average of a month after listing. Median Days on Market are 6 and those homes sell above list for about 101% list to sale ratio so no true discounting going on but not alot of very high escalations,
Westfield: Active 201 with 107 New builds so over 50% are new builds, hard for resale homes to compete if there is a new build in their price point. $250,000-$3.4
Pendings 196
Solds past 30 days. 138. Average days on market is 66 and median is 20 so slower market than Carmel. List to sale ratio for average and median is 99%. New Builds are setting the stage there. Don’t miss out on the latest trends in Carmel and Westfield—check out your weekly real estate update now! 🏠✨
Carrie Holle
"Founding member of Compass Real Estate in Indiana, Owner/ Principal. Carrie Holle Group"
"We Are Carmel Real Estate specializes in the luxury market, serving both buyers and sellers. We possess extensive knowledge of the Carmel, Westfield, and Zionsville real estate markets. Our expertise regularly positions us as consultants to some of the area's largest developers and builders."
Greg Cooper
Founding Member, Compass Real Estate Office Carmel, Indiana
Greg is an accomplished real estate broker boasting more than 25 years of expertise in the field, complemented by a background in marketing and broadcasting. He specializes in Hamilton and northern Marion counties, focusing on Carmel, Zionsville, and Fishers.
Shelly Walters
Shelly Walters Group | Carmel FC Tucker
The Shelly Walters Realty Group is a family real estate team based in Carmel Indiana. “We understand that buying or selling is a major decision and we are here to make sure that the entire process is handled with the utmost professionalism and integrity.“
Home prices grew in 93% of markets in Q1 2024: NAR Eight of the 10 most expensive markets in the U.S. were located in California (HOUSINGWIRE)
Home prices trended up in almost all U.S. metro areas during the first quarter of 2024. Out of 221 metro markets analyzed, 205 (93%) posted yearly home price gains in Q1 2024, while 30% experienced double-digit price gains during the same period — up from 15% in the fourth quarter of 2023 — according to the National Association of Realtors’ (NAR) newest quarterly report.
“Astonishingly, greater than 90% of the country’s metro areas experienced home price growth despite facing the highest mortgage rates in two decades,” NAR chief economist Lawrence Yun said in a statement. “In the current market, rising prices are the direct result of insufficient housing supply not meeting the full demand.”
The national median single-family existing-home price sat at $389,400 during the first quarter of 2024, up 5% compared to one year ago. By contrast, the U.S. median price increased 3.4% year over year in Q4 2023.
The South led all regions with the largest share of single-family existing-home sales, at 46% in the first quarter, with year-over-year price appreciation of 3.3%. Prices rose by 11% in the Northeast, by 7.4% in the Midwest and by 7.3% in the West.
The metro areas with the highest yearly median price increases during the first quarter were Fond du Lac, Wisconsin (23.7%); Kankakee, Illinois (22%); and Rockford, Illinois (20.1%). Six of the 10 markets with the highest price appreciation were in either Illinois or Wisconsin. Full article by HOUSINGWIRE.COM https://www.housingwire.com/tag/home-prices/
Real Estate Report by Shelly Walters | Carmel F.C. Tucke As of May 11, 2024
Next update on May 21, 2024
#1.Carmel: ACTIVE 165 from $175,000-$2.5. only 28 are new builds compared to Westfield
Pending 165
Sold in past 30 days 130 with an average days on market of 33 and those list to sale ratios hover around a full list price even though they sold an average of a month after listing. Median Days on Market are 6 and those homes sell above list for about 101% list to sale ratio so no true discounting going on but not alot of very high escalations,
#2. Westfield: Active 201 with 107 New builds so over 50% are new builds, hard for resale homes to compete if there is a new build in their price point. $250,000-$3.4
Pendings 196
Solds past 30 days. 138. Average days on market is 66 and median is 20 so slower market than Carmel. List to sale ratio for average and median is 99%. New Builds are setting the stage there.
• Carmel Redevelopment Projects
• Need information on Commercial Real Estate
• FILL OUT QUCK FORM AND WE WILL EMAIL YOU THE UPDATES.
• Carmel Redevelopment Projects • Need information on Commercial Real Estate • FILL OUT QUCK FORM AND WE WILL EMAIL YOU THE UPDATES.
Carmel Redevelopment Initiative: Enhancing the Beauty of Our Beloved Carmel, Indiana
Residential & Commercial Inquiries: Keep up to date with pricing and availability. Many of our projects have waiting lists. Connect with us at www.carmel360.com/carmelrealestate! Plus, receive weekly updates every Friday and don't miss "The Weekend Big List with Jeff Worrell," featuring all the exciting events happening in Carmel during the weekends.
Carmel Real Estate
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Exciting Real Estate Opportunity Coming Soon!
Located at the northeast corner of 111th Street and Pennsylvania Street, this $700M investment project is set to transform the area. Developed in four phases, it will feature 58 for-sale townhomes, 912 multi-family units (including 12.5% dedicated to workforce housing), approximately 430,000 square feet of office space, two public parking garages with solar components, and a public park/plaza. Partnering with Pedcor Companies, the Carmel Redevelopment Commission is spearheading this initiative, utilizing Tax Increment Financing (TIF) for financing the free public parking garage and infrastructure improvements. Don't miss out on this incredible mixed-use development opportunity!
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