2008 WAS A BIG YEAR FOR HUNTWICK!

Having sold two homes in the neighborhood in the past year I understand the value of the homes in the neighborhood. Currently there are 5 homes for sale, one of which is a HUD home. List prices of the homes range from a high of $134,900 to $113,000 with a median price of $120,000. This puts the average price list price per square foot at $79.65.

Sales for 2008 were brisk with 12 units sold in the neighborhood compared to 8 the previous year. The average sales price for 2008 was $115,833 compared to $106,300 in 2007 with the average Days on Market of 80 for 2008 versus 133 for 2007. The average sales price per square foot did decline somewhat in 2008 from $81.19 to $74.85 but fares much better than the average for the Indianapolis metro area of 20%.

If you are interested in more detailed data for Huntwick or are interested in data for your neighborhood, please contact me. I'll be happy to provide it for you.

What's Happening in West Wood?

Wondering what the housing market is like in West Wood? As of December 15 there are 13 active listings with sales prices ranging from $111,500 to $170,000. The average list price per square foot is $78.29 with the average days on market of 172 days.

To date, 14 properties have sold this year ranging from $80,500 to $160,000 with an average sales price per square foot of $64.40. Those figures compare to a range of $68,000 to $163,000 for 2007 with average SP/SqFt of $68.84, with 15 units sold.

There has been some discussion in the neighborhood about the number of foreclosed properties in the neighborhood. While it is somewhat difficult to pin down that information, some of it can be gathered from readily available real estate data. Six of the 14 homes sold in 2008 were bank or corporate owned homes which compares to six of the 15 homes sold in 2007. One of the homes sold in 2008 was a property that was agent purchased in 2007 and resold in 2008 as a rehabbed or "flipped home" in a sense reducing the number of foreclosed homes sold in 2008 to 5.

If you wish to have more indepth data or would like to receive current information about new listing in your neighborhood, please let me know. I would be more than happy to provide that information for you.