Village of West Clay Year End Results for 2011

January 14, 2012 by  

According to the Metropolitan Board of Indianapolis Realtors (MIBOR) multiple listing service, there were 72 homes sold in the Village of West Clay in 2011. Interestingly, this is the same number as in 2010. The average sales price has dipped from $495,950 in 2010 to $489,136 in 2011.

The highlight for the neighborhood, however, is that high end sales remained steady but with 2 homes selling for over $1,200,000. In fact, they are very high end sales: $1,330,000 and $1,650,000 respectively. We have not seen sales of this price point in about 3 years. I see this as a very encouraging sign that we have turned the corner and 2012 will be a better year. Other signs of improvement include the increase in new construction home starts in the Village. Not only are Pulte and Ryland building spec inventory homes but, we are seeing a return of the “custom builder”! Builders like Wedgewood Builders (formerly the custom division of Estridge), Graddison Builders, and Dale Woodall are building homes directly for homeowners. This is very exciting as the media has still been touting that construction loans are hard to come by. There are lenders out there making these loans! And, consumers building new homes!

If you are considering making a move this year please contact me. I can be reached at 317-531-1088.

Here is a breakdown by price range:

2011

$800,000+ =6

$500,000 – $799,999 = 29

$300,000 – $499,999 = 20

$200,000 – $299,999 = 12

$60,000 – $199,999 = 5

2010

$800,000+ =6

$500,000 – $799,999 = 33

$300,000 – $499,999 = 14

$200,000 – $299,999 = 17

$60,000 – $199,999 = 2

About the Author: LGM3 Administrator

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