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Market Trends
Commentary Provided bySteve Gaines Broker Owner Housing prices continue to remain stable to slightly higher. This is a continuing trend that enables the central Indiana market to remain viable compared to many areas of the country that are in decline after speculative price increases. Greenwood/Indianapolis is an excellent value marketplace. |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Indianapolis, IN | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | More than 120 days | ||
| Market Trend | Decreasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $175,000 - View Graph Trend | ||
| Best Selling Price Range | $100,000 - $149,000 | ||
| Worst Selling Price Range | $300,000 - $349,000 | ||
| Compared to Last Year | Up 0-5% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | No | ||
| Multiple Offers Commentary | Foreclosures are about the only multiple offered homes | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Greenwood is | Increasing | ||
| Seller Activity for the past 90 days in Greenwood is | Increasing | ||
| Is Financing Available For Qualified Buyers in Greenwood? | Yes | ||
| Existing Home Prices for the past 90 days are | Increasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | White River Township, Greenwood; Perry Township, Indianapolis | ||
| Reason to Buy/Sell | Population Growth | ||
| Average Sold Price | $175,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Steve Gaines Broker Owner
CENTURY 21 Landtree Greenwood, Indiana 317-509-2314 stevegaines90@comcast.net Agent Home Page 
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Greenwood Local News
News for Greenwood, IN - Monday October 5th, 2009 3:04pm
GREENWOOD IS A VIBRANT COMMUNITY THAT BORDERS THE SOUTHERN BOUNDARY OF INDIANAPOLIS. ONLY A 20 MINUTE DRIVE TO DOWNTOWN INDY BRINGS ONE TO A WONDERFUL AREA OF RESTAURANTS, CHILDREN'S MUSEUM,ZOO, SYMPHONY, AND HOME OF THE NFL COLTS AND NBA PACERS. JUST ABOUT 20 MINUTES WILL GET YOU TO THE AIRPORT AND THE INDIANAPOLIS SPEEDWAY. CENTER GROVE AND GREENWOOD HIGH SCHOOLS ARE WELL RESPECTED. NOT FAR SOUTH YOU WILL FIND ROLLING HILLS AND WOODS OF BROWN COUNTY. THE INDIANAPOLIS/GREENWOOD AREA PROVIDES A SMALL TOWN ATMOSPHERE WITH BIG CITY ATTRACTIONS.
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