The Brickyard real estate market has been relatively active recently as showings have increased, but sales are down through the first 7 months of 2009 compared to last year:
2009 – 17 homes sold at a median price of $365,000 and a price per square foot of $147
2008 – 25 homes sold at a median price of $380,000 and a price per square foot of $173
The overall Belle Hall real estate market has been quite interesting this year. In order to get some good perspective on what has been happening, it is important to break down the market into two categories: Belle Hall and Hibben. The markets are reacting very differently in these two categories. Let’s take a look at some of the data for this year compared to 2008:
There was some good news in the I’On Real Estate market during the month of July! For the second straight month, more homes sold in I’On than during the same month in 2008. Below are the numbers:
July 2009:
6 Homes Sold at an average price per square foot of $261
July 2008:
5 Homes Sold at an average price per square foot of $300
In June of this year, 7 homes sold in I’On compared to 6 homes sold in June, 2008. While these numbers don’t necessarily signal a shift in this market, it is good news and worth noting. But, unless there is a quick flurry of activity in I’On over the next few days, it is unlikely that we will be able to extend this streak to 3 straight months as there is currently only one home under contract in the neighborhood.
Chuck Avera