Westfield Real Estate Report – May 2007
| At a Glance: | ||
|
2007
|
2006
|
% Change
|
| Active: $342,228 | Active: $290,064 | 17.98 |
| Pending: $215,281 | Pending: $222,247 | -3.13 |
| Sold : $241,356 | Sold : $233,703 | 3.27 |
| Days on Market: 107 | Days on Market: 72 | |
| Absorption Rate: 8.03 |
Active:
May 2007 had 151 Westfield homes added to the market with an average listing price of $342,228. May 2006 added 152 homes to the Westfield Indiana real estate market with an average listing price of $290,064. The number of homes added to the market is almost identical, but the average home in May 2007 is up $52,164 or 17.98%.
Pending:
In May 2007, 69 homes went pending on the Westfield real estate market with an average asking price of $215,281. The same month in 2006 saw 107 Westfield homes go pending and the average asking price in May 2006 was $222,247. The average home that went pending in May 2007 was down 3.13% or $6,966 over the same time last year.
Sold: *
There were 62 homes that closed in May 2007 on the Westfield Indiana real estate market and the average selling price was $241,356. The average home took 107 days to sell and received 98% of the asking price. May 2006 saw 53 Westfield homes close with an average selling price of $233,703. The average home that closed in May 2006 took 72 days to sell and received 98% of the asking price. The homes that closed in May 2007 were up 3.27% or $7,653 over the same time last year.
Summary:
The overall numbers for the Westfield Indiana real estate market seem to be relatively good. The only numbers that are down is the average list price of the pending homes which is down 3.13%. The average list price for homes newly added to the market may be skewed because an almost 18% increase is very out of the ordinary. However, the sold homes posted a 3.27% gain when most other Indianapolis real estate markets are showing negative numbers.
As of 6/14/07, there are 421 active properties for sale on the Westfield Indiana real estate market. In the past 12 months 629 Westfield homes have sold; this means that if no new homes are added to the market there is an 8.03 months supply homes on the Westfield real estate market.
Westfield Indiana real estate numbers year to date:
| Month | New List. | Avg. LP | Pending | Avg. LP | Closed | Avg. SP | % SP/LP | Avg DOM |
|
Jan
|
146
|
$273,134
|
44
|
$199,003
|
38
|
$193,548
|
94.00%
|
93
|
|
Feb
|
123
|
$294,954
|
56
|
$244,839
|
35
|
$212,731
|
97.00%
|
119
|
|
March
|
157
|
$245,083
|
69
|
$263,255
|
53
|
$252,187
|
98.00%
|
86
|
|
April
|
158
|
$268,542
|
85
|
$228,735
|
45
|
$207,750
|
98.00%
|
70
|
|
May
|
151
|
$342,228
|
69
|
$215,281
|
62
|
$241,356
|
98.00%
|
107
|
|
|
|
|
|
|
|
|
|
|
|
YTD
|
735
|
$284,788
|
323
|
$230,223
|
233
|
$221,514
|
97.00%
|
95
|
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Date: 2007-07-07 08:01:11Views: 369