Zionsville Real Estate News
Zionsville Real Estate Report – May 2007
| At a Glance: | ||
|
2007
|
2006
|
% Change
|
| Active: $537,707 | Active: $421,958 | 27.43 |
| Pending: $414,875 | Pending: $398,409 | 4.13 |
| Sold : $262,160 | Sold : $296,239 | -11.50 |
| Days on Market: 90 | Days on Market: 80 | |
| Absorption Rate: 9.12 |
Active:
May 2007 added 86 homes to the Zionsville real estate market with an average listing price of $537,707. May 2006 saw 77 Zionsville homes added to the market with an average listing price of $421,958. The average home that was newly listed on the Zionsville real estate market is up $115,749 or 27.43%
Pending:
In May 2007, 40 homes went pending on the Zionsville Indiana real estate market with an average asking price of $414,875. The same month in 2006 had 37 go pending with an average asking price of $398,409. The average home that went pending on the Zionsville real estate market was up 4.13% or $16,466 over 2006
Sold: *
There were 33 Zionsville homes that sold in May 2007 and the average selling price was $262,160. The average home took 90 days to sell and received 96% of the asking price. May 2006 had 43 homes sell on the Zionsville real estate market with an average selling price of $296,239. The average home that sold in May 2006 took 80 days to sell and sold for 97% of the asking price. The average home that sold in May 2007 was down 11.5% or $34,079 over May 2006.
Summary:
It should be noted that the dramatic increase in the average listing price for May 2007 is extremely out of the ordinary. This is caused by the fact that several $1,000,000+ homes were listed in May 2007. May 2007 is also the lowest average selling price for Zionsville real estate year to date. It does not appear that this is a trend rather an anomaly, but only time will tell.
As of 6/14/07 there are 346 homes for sale on the Zionsville real estate market. Over the past 12 months 455 Zionsville homes have sold; this means that if no new homes are added to the market there is a 9.12 months supply of homes on the Zionsville real estate market.
Zionsville Indiana real esate numbers year to date:
| Month | New List. | Avg. LP | Pending | Avg. LP | Closed | Avg. SP | % SP/LP | Avg DOM |
|
Jan
|
78
|
$499,976
|
33
|
$362,235
|
33
|
$286,766
|
96.00%
|
101
|
|
Feb
|
52
|
$494,249
|
29
|
$364,720
|
17
|
$288,013
|
97.00%
|
116
|
|
March
|
82
|
$434,384
|
41
|
$337,541
|
22
|
$288,025
|
95.00%
|
138
|
|
April
|
90
|
$447,370
|
43
|
$324,360
|
41
|
$273,644
|
97.00%
|
82
|
|
May
|
86
|
$537,707
|
40
|
$414,875
|
33
|
$262,160
|
96.00%
|
90
|
|
|
|
|
|
|
|
|
|
|
|
YTD
|
388
|
$482,737
|
186
|
$360,746
|
146
|
$279,722
|
96.20%
|
105.4
|
*Sold numbers are calculated on homes that sold in Zionsville under $500,000.
Related Links:
Date: Saturday, July, 7th 2007 @ 08:29:10 AMViews: 314
Be the First to Comment on this Post!.
