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Carmel Market Update

Carmel Closed Sales | February 2010 vs. February 2009

There were 54 closed sales in Carmel Indiana in February 2010.  Of those, 2 were over $1 million, 10 were between $500,000 and $1 million, and the remainder (42) were under $500,000.  The lowest priced home was a 3 bedroom foreclosure that sold for $45,000.

Closed homes in Carmel in February were on the market for an average of 117 days and the average sales price was $360,847.

By comparison, there were 55 closed sales in Carmel in February of 2009.  Of those, none were over $1 million and only 6 were between $500,000 and $1 million.  The lowest sold home was a 3 bedroom 1 bath foreclosure for $82,900.

Closed homes in Carmel in February of 2009 were on the market for an average of 99 days and the average sales price was $288,534.

That said, and based on this information only, it’s nice to see improvements in most areas including price and days on the market.  Both closings and sales were up in February compared to January of this year.