Brownsburg Indiana Home Sales
Home Sales in Brownsburg for December 2009 were fairly equal to the number of homes sold in Brownsburg in November, however, the price point was a bit higher.
Last month there were 41 sales for an average of $163,012, compared to November’s 45 sales and an average prive point of $151,783. Averages don’t really mean a whole lot except when studied over a long period of time. When we factor in short sales or bank owned properties in a specific area, averages tend to skew the whole.
There were 10 distressed properties sold in Brownsburg in December; almost 25% of the sales. Distressed properties are homes which sold either through short sale or as a bank owned home.
Brownsburg Indiana Subdivision Sales:
The most popular neighborhoods and subdivisions in Brownsburg for sales last month were:
- Summeridge – 7 homes sold – average price of $239,275
- Williamsburg Villages – 4 homes sold – average price of $189,375
- Lakeridge – 3 homes sold – average price of $155,833
- Highland Springs – 2 homes sold – average price of $262,500
- Sugar Bush Condos – 2 condos sold – average price of $97,500
Comparing 2008 home sales in Brownsburg to 2009, we see the trend for average home price has dropped while the number of homes sold is trending up. As short sales and bank owned home sales continue to affect the real estate market, we will see some up and down trends thorughout the year.
Copyright © 2010 by Paula Henry, All Rights Reserved. *Brownsburg Real Estate Report – December 2009 *
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Statistics were obtained from the Metropolitan Indianapolis Board of Realtors (MIBOR) data and are representative of Indianapolis homes which were listed on the Indianapolis BLC; private sales are not included. All information is believed to be accurate, but is not guaranteed.
Indianapolis Real Estate Blog, written by Paula Henry, an Indianapolis Realtor and team leader of The Henry Group, at Red Door Real Estate, serving the Indianapolis and Brownsburg Indiana real estate markets.
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These are useful stats. The overall trend for 2009 looks better than that for 2008. Not proof that the market as turned but encouraging none the less. Good luck for 2010!