Sales Data
UPDATED: September 3rd, 2008
Several factors contribute to the different prices we see for home in Merrimac and elsewhere. Variables such as location, condition, # of bedrooms & baths, garage type and whether or not a basement exists or is finished are just a few.
To find out what your home should bring on the open market
Contact Matt Lutz, YOUR NEIGHBORhood REAL ESTATE EXPERT via e-mail or call
Matt at 317-558-7751.
2008 Sales Data (Click on the link to see property specific information)
The following averages are for homes which were listed and marketed in the BLC (Broker Listing Cooperative/fomerly MLS) and closed in 2008.
Number of homes SOLD: 19 (including one non-mls listing)
Average Days on Market*: 131
Homes included in these statistics which had re-listed: 6
Average List Price: $317,556
Average Sale Price: $306,088
List Price to Sale Price ratio: 96.47%
Average Sale Price Per Square Foot: $98 (Main and Upper levels only) NOTE THAT THIS FIGURE IS BROUGHT DOWN DRAMATICALLY BY THE FORECLOSURE AT 14739 Francis Court.
2007 Sales Data (Click on the link to see property specific information)
The following averages are for homes which were listed and marketed in the MLS system and closed in 2007.
Number of homes SOLD: 14
Average Days on Market*: 84
Homes included in these statistics which had re-listed: 7
Average List Price: $315,136
Average Sale Price: $306,057
List Price to Sale Price ratio: 97.11%
Average Sale Price Per Square Foot: $103 (Main and Upper levels only)
2006 Sales Data (Click on the link to see property specific information)
The following averages are for homes which were listed and marketed in the MLS system and closed in 2006.
Number of homes SOLD: 21
Average Days on Market*: 93
Homes included in these statistics which had re-listed:6
Average List Price: $319,733
Average Sale Price: $310,788
List Price to Sale Price ratio:**97.2%
Average Sale Price Per Square Foot: $108 (Main and Upper levels only)
2005 Sales Data (Click on the link to see property specific information)
The following averages are for homes which were listed and marketed in the MLS system and closed in 2005.
Number of homes SOLD: 22
Average Days on Market*: 72
Homes included in these statistics which had re-listed:8
Average List Price: $327,929
Average Sale Price: $323,239
List Price to Sale Price ratio:** 98.56%
Average Sale Price Per Square Foot: $106 (Main and Upper levels only)
2004 Sales Data (Click on the link to see property specific information)
The following averages are for homes which were listed and marketed in the MLS system and closed in 2004.
Number of homes SOLD: 21
Average Days on Market*: 110
Homes included in these statistics which had re-listed: 3
Average List Price: $300,715
Average Sale Price: $294,675
List Price to Sale Price ratio**: 97.99%
Average Sale Price Per Square Foot: $102 (Main and Upper levels only)
*It is very important to note thet the Average Days on Market (DOM) shown does NOT take into account additional previous days on market for property listings which had either been withdrawn from the MLS system or had previously expired.
Further, properties which show ZERO Days On Market (DOM) were New Construction Orders and were submitted to the MLS by the Selling Agent (Buyer's Agent) for statistical purposes only. These sales are NOT included in the DOM averages shown.
**Average list price to sale price ratio is actually lower than shown due to new construction sales in 2004, 2005 and 2006. This is a result of the following factors:
New Construction Orders (sales) which are placed in the MLS typically show the
Sale Price and the List Price as the SAME amount. Thus raising the average LP to SP ratio for that transaction.
Spec Homes: In some cases these sales show as SOLD at List Price. However in many cases, additional options were added at either NO CHARGE or a MINIMAL CHARGE in lieu of a price reduction. Thus raising the SP to LP ratio for that transaction.
Sales Data Provided by Metropolitan Indianapolis Board of Relators. Information deemed reliable but not guaranteed.
