friends helping friends buy and sell homes

2008 REAL ESTATE MARKET REVIEW

2008 INDIANAPOLIS

MARKET REPORT

The Evelo Team is ranked as the 4th Top Real Estate Team in Indiana, offering unparalleled service to over 760 families with proven results for more than 14 years! Whether you're looking for homes and/or property in Fishers, Carmel, Noblesville, Indianapolis or surrounding areas, The Evelo Team can help you with ALL of your real estate needs.

[Selling your Home] In today’s real estate market, it is more important than ever to price your home competitively. Spend time investigating local Realtors with extensive knowledge of your local market.

[Buying a New Home] With more than 1,800 properties currently on the market and available for purchase, Indianapolis offers a great selection. Even today, Indianapolis sales prices remain strong. It is not wise to wait for the market to “bottom out”; if you wait too long, the best deals may have already been taken. Let The Evelo Team help you find your perfect home. Call us today!

[Current Homeowners] There’s no place like Indianapolis: Enjoy your investment! Cheer on the Colts & Pacers. Enjoy all of the cultural, recreational and shopping opportunities while knowing The Evelo Team is always here for all of your future real estate needs.

hether you or thinking about

buying or selling, interested in the local

housing market, or seeking answers to your real

estate questions, you can rest assured that you will

be well-cared for with Stephanie and Derek Evelo.

We are experts in the Indianapolis, Indiana area and

surrounding towns of Fishers, Carmel, Westfield and

Noblesville, and can help you understand current

market trends and how they will affect selling your

old home or purchasing your new home.

We hope you find this information valuable.

Please don’t hesitate to contact us for additional information, or for

answers to your real estate questions.

The Evelo Team: We are friends helping friends buy and sell homes

317-863-4663 Want to know what your home is worth? Check out www.AreaMarketSnapshot.com

32,60129,777

25,468

0

7,000

14,000

21,000

28,000

35,000

2006 2007 2008

What is happening with

the Indianapolis Metro Real

Estate Market?

25,468 units were sold in Indianapolis and the

13-county MIBOR service area in 2008. There

were 4,309 (14%) less sales during 2008 than

the previous year. Of the units that sold, the

majority (87.5%) were priced under $250,000.

Fifty-five units sold priced over $1,000,000.

$142,702$151,596$154,892

$0

$40,000

$80,000

$120,000

$160,000

2006 2007 2008

Number of Units Sold

$116,900$122,000$123,000

$0

$40,000

$80,000

$120,000

2006 2007 2008

Average Sales Price

Median Sale Price

Did you know….

• Money Magazine ranked Fishers #10 in “Best Places to Live 2008”

• Hamilton County topped the #1 spot in Forbes “America’s Best Places to Raise a Family”

861

220

252

5349

987 2319

2096

1650

13690

514

888

445

506

719

156

190

4641

831 2087

1832

1327

392

785

376

448

1168

5

0

3000

6000

9000

12000

15000

Boone

Brown

Decatur

Hamilton

Hancock

Hendricks

Johnson

Madison

Marion

Montgomery

Morgan

Putnam

Shelby

-17% -29% -25% -13% -16% -10% -13% -20% -15% -24% -12% -16% -11%

Properties Sold 2007 vs 2008 by County

61,19459,058

51,881

45,000

50,000

55,000

60,000

65,000

2006 2007 2008

New Listings

Boone -4%

Brown -5%

Decatur -8%

Hamilton -4%

Hancock -7%

Hendricks -4%

Johnson -6%

Madison -1%

Marion -10%

Montgomery -8%

Morgan -6%

Putnam -2%

Shelby -7%

$239,761

$190,423

$112,383

$245,982

$138,331

$158,616

$144,050

$77,809

$104,964

$96,355

$129,213

$116,902

$100,319

Average Sales Price by County

It’s a Great Time to be an Indianapolis Homeowner!

“Cosmopolitan with Midwestern appeal, Indianapolis is fast becoming one of America’s favorite cities.” - Northwest Airlines WorldTraveler, May 2008

Want more information?

The Evelo team of professional are always happy to help answer your questions and offer advice, regardless of where you might happen to be in the “buy, sell, ‘stay’” cycle. Contact us today for answers to all of your real estate questions! (317) 863-4663