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Carmel Market Update

Carmel Closed Sales | January 2010 vs. January 2009

There were 52 closed sales in Carmel Indiana in January 2010.  Of those, 2 were over $1 million, 12 were between $500,000 and $1 million, and the remainder (36) were under $500,000.  The lowest priced home was a 3 bedroom foreclosure that sold for $63,000.

Closed homes in Carmel in January were on the market for an average of 98.1 days and the average sales price was $392,059.

By comparison, there were 50 closed sales in Carmel in January of 2009.  Of those, none were over $1 million and only 5 were between $500,000 and $1 million.  The lowest sold home was a foreclosure for $77,000.

Closed homes in Carmel in January of 2009 were on the market for an average of 108 days and the average sales price was $290,386.

That said, and based on this information only, it’s nice to see improvements in most areas including price and days on the market.