Carmel Homes Blog

Real estate updates and community information for the city of Carmel, Indiana

Jan. 25, 2012

Carmel Indiana Housing Market Report - December 2011

The December 2011 Carmel Indiana housing market report shows some improvement! When comparing December 2011 closed sales numbers to December 2010, all numbers that should be up were (Closed Sales, Average Sales Price, Percent of Original List Price Received at Sale) and numbers we want to see go down did (Average Days on Market, New Inventory).

A comparison of the Carmel housing market for the final three months of 2011 to the same time period in 2010 also showed some improvements. Median Sales Price and Average Sales Price were both down for October - December 2011 as compared to the same time frame in 2010. However, Closed Sales and Percent of Original List Price Received at Sale were up, while Average Days on Market decreased slightly.

So what does it all mean? If you're a buyer, it's great news. There are still plenty of great deals to be found, and interest rates are predicted to stay super low for quite a while, which just makes a great deal an even better deal!  January 2012 seems to have started off with a bang for the Carmel Indiana housing market and it seems likely things are turning around. Check back next month to see how this prediction is working out!

Carmel Indiana housing market report December 2011










 Carmel Indiana housing market report Oct - Dec 2011










Jan. 5, 2012

Carmel Indiana Real Estate Market Report November 2011

Carmel Indiana real estate report Nov. 2011Hold on! We're not quite done with 2011 yet - not when there are still Carmel Indiana housing market reports to compile!

Carmel housing market stats for November 2011 show mostly encouraging numbers as compared to November 2010. Carmel Closed Sales increased by a whopping 48% as compared to one year ago. Average Sales Price, Percentage of Original List Price Received at Sale, Average Days on Market, and Number of New Listings all showed improvment over November 2010. In fact, Median Sales Price (the price at which half the homes sold for more and half the homes sold for less) was the only category NOT to show improvement, falling by a little more than 5%.

The Carmel housing market numbers aren't quite as rosy when comparing the last three months of real estate activity. Carmel Closed Sales for September through November 2011 as compared to the same time frame in 2010 were up by 42%, but Median Sale Price and Average Sale Price were both down.

December housing market stats for Carmel will be out soon, so check back for that report. Then it's on to 2012. Here's hoping for a great year!

Dec. 14, 2011

Carmel Indiana Homes Priced At $300,000

How Much House Do You Get for $300,000 in Carmel Indiana?

I've already blogged about how much house you get for $300,000 in Fishers Indiana. And it was a lot of house! Now it's time to find out how far $300,000 goes just down the road in Carmel Indiana, where the median price for homes sold in the past 90 days is $260,000 - significantly more that the Fishers median sales price of $182,000.

Carmel Homes for $300,000The 3800-square foot, 4 bedroom, 2.5 bath Carmel home pictured here sold in February 2011 for $295,000. Original
list price was $300,000. The square footage included an unfinished 1369 square foot daylight window basement
with plumbing roughed in for a third bath. The home was built in 2004, and was in like-new condition, although
lacking in distinctive features.

22 Carmel properties priced between $295,000 and $305,000 have sold in the past 6 months. Here's the "average" breakdown of a $300,000 home in Carmel Indiana:

Average list price: $317,263
Average Sales Price: $299,761
Average Days on the Market: 97
Average square footage: 2885
Average Year Built: 1999
Average # of Bedrooms: 4
Average # of Bathrooms: 3.5
Basement: All but 2 of the homes sold had a basement; of the homes with basements, 9 were finished
Garage: 13 out of 22 homes had an attached 2-car garage; the rest had an attached 3-car garage
Fireplace: All homes sold had at least one fireplace

So that's how much house you get for $300,000 in Carmel Indiana. 

Find out how much house you can get for $300,000 in Fishers Indiana!

Search all homes for sale in Carmel, Indiana.

Nov. 21, 2011

Carmel Indiana Real Estate Market Report for October 2011

Give Thanks? 

Carmel IN real estate market reportWhether or not there was much to be thankful for in Carmel Indiana housing market statistics for October 2011 is debatable. Average Sales Price for Carmel homes in October 2011 was down significantly (-21.89%) from October 2010, as was Median Sales Price (-16.37%). In other areas, however, the Carmel housing market showed some improvement over the same time period one year ago.

Encouraging data for Carmel real estate when comparing Oct. 2011 to Oct. 2010 includes increases in Closed Sales, Percent of Original List Price Received at Sale, and a decrease in Average Days on Market.

So now we're down to the last two months of the year. Be sure to check back to see how the Carmel real estate market is shaping up for 2012!




Nov. 1, 2011

Knowing the Numbers is Key to Selling Your Carmel House

As you make preparations for selling your Carmel Indiana house, consider these 2010 home sales statistics from Keller Williams Realty:

  • paint can75% of homes sold in 2010 were categorized as either fairly updated or very updated. Updates buyers expect vary according to the price point of a home, but include appliances, fixtures and faucets, flooring, windows, and countertops. Functionality generally trumps fabulous when it comes to home updates. In other words, new, energy efficient windows might matter more to buyers than granite countertops in the bathrooms.
  • 89% of move-up and 82% of first-time buyers purchased a home in good to excellent condition.  A home inspection is a good way to ensure that your house is in a condition that will appeal to buyers before you put it on the market. Yes, it will cost you a few hundred dollars, but it could save you thousands in the long run since home repairs tend to be more costly when buyers are demanding them than when the seller addresses them beforehand.
  • Sellers spent an average of $3400 on updates and preparations to sell. That's significantly less than the approximately $9000 homeowners spend on updates if they plan to stay in a home. You may be tempted to get the most for your money by doing the work yourself, and that's fine if you are an experienced handy person. If not, hire a professional or your money spent will be money wasted, since neither buyers nor inspectors like shoddy or suspect updates and repairs. 
  • Paint, flooring and light fixtures were the most common updates sellers made before listing their home. To find out what colors, textures and finishes appeal to the largest number of buyers, consult a professional home stager. For a nominal fee, a home stager can help you make your house a place buyers will want to call home. You can also refer to online home improvement resources such as
  • Sellers began making updates and repairs up to 8 weeks prior to listing their home for sale. The earlier you start the better, since it will give you time to address any problems that come up.

Read more tips and information on selling your Carmel In house.

Sept. 20, 2011

Just Listed! 14931 Beacon Boulevard in Carmel

14931 Beacon Boulevard virtual tour14931 Beacon Blvd.
Carmel, IN 46032

Terrific Carmel home with finished walk-out basement, lots of updates and close to Monon, Clay Terrace and all that Carmel has to offer! Take a virtual tour.

Beacon Point neighborhood.


Aug. 24, 2011

Carmel Real Estate Report July 2011

Some Highs, Some Lows

The Highs - Closed Sales jumped in Carmel for the month of July, as compared to July of 2010, while Average Days on the Market decreased from the same time period a year ago. AND, with the exception of Closed Sales, ALL numbers were up from just one month ago, June 2011.

The Lows - Median Sales Price, Average Sales Price, and the Percent of Original List Price Received at Sale were all down from July 2010.

The Bigger Picture - July 2011 Closed Sales provided some good news for the Hamilton County real estate market, with an increase of 32% as compared to the same time frame one year ago. All other categories, however, were down from a year ago.

Carmel Real Estate Market Report

Aug. 8, 2011

Just Listed! 9860 Sunny Meade Drive

Indianapolis Address, Carmel Schools!

9860 Sunny Meade Drive9860 Sunny Meade Drive Indianapolis IN
Indianapolis, IN 46280
4 bedrooms, 2.5 baths
take a virtual tour and learn more!

BEAUTIFUL describes everything about this Lakewood Gardens home AND LOCATION! Move-in-ready brick home with super-easy access to I-465! Home sits on a nearly 1/2 acre private lot with mature trees & no-maintenance privacy fence. Hardwoods upstairs & downstairs with ceramic tile in kitchen. Special features include updated master bath w/jetted tub, stainless appliances, finished DRY basement, fireplace & wood stove, two oversized storage barns & top quality wooden playset. Freshly painted & newer roof. Minutes from Fashion Mall, Clay Terrace & downtown Indy!