Real Estate Market in Westfield July 2009

Real Estate Report by m.s.Woods Real Estate, LLC. –  If you’re a resident of Westfield, you’ve probably heard it said over the years that the town is the new Carmel in terms of growth. With the residential building opportunities and available land running out in Carmel, it’s inevitable the expansion would move north. So, how is the Westfield real estate market doing compared to the rest of Hamilton County?

In general, the Indianapolis real estate market has shown a decline, according to a recent report presented on Indiana Is Home by the Indiana Association of REALTORS®. Comparing Hamilton County home sales from the month of July, 2008 to that of July, 2009, there was a 4.1% decrease in the number of homes sold, with 463 closing in 2008 and 444 in 2009. The median selling price of homes dropped too, from $209,500 in 2008 to $190,450 in 2009: a 9.1% decrease.

Westfield may be seeing positive results in the numbers from the growth northward, however. While Hamilton County experienced a 4.1% drop in the number of homes sold overall, Westfield actually saw a 35.2% increase when comparing July, 2008 to July, 2009! In 2008, 51 homes sold, while a year later, 69 homes sold during the same time. This is obviously great news for the Westfield community.
Westfield has been a desirable location to live and businesses know that recently building new Westfield shopping opportunities like Clay Terrace Mall. If you’re interested in moving up north, there are currently 367 Westfield homes for sale. You can find listings for homes starting at $50,000 up to $3,190,000. If you’re thinking about selling your home in Westfield, the market is looking fairly positive for you as well because, according to MIBOR, recent selling activity shows that one out of five homes listed will most likely sell.

With these kind of numbers, you may think that there isn’t much you have to do to your home to compete with your everyone else on the market. Not true. Especially if you live in a neighborhood where many floor plans are the same, you want to stand out; here’s how you can:

Take care of your pets. It doesn’t happen every day, but you could encounter buyers who don’t like to have animals in the house. Restricting the signs that you have a cute little Puddles (or any sign of how he acquired that name) in your house can only help you appeal to future homeowners.

Bake more cookies. Okay, not only is there intrinsic pleasure in this tip, but you will also provide an aura of comfort for buyers who are viewing your home. Studies have shown that presenting a pleasant aroma will help sell a home. Builders have known this for years, which is why you’re frequently greeted with a plate of cookies when visiting model homes.

Leave the lights on. When possible, leave the lights on in your home for potential buyers. Sure, they can turn them on, it’s not that big of an effort. But again, it’s about creating an ambiance. Walking up to a strange, dark home can be intimidating. Having the lights on is more welcoming and makes your guests feel at home, much like when you welcome guests by turning on your porch light.

The town of Westfield is looking good when compared to the Indianapolis, Indiana home market. Here’s to hoping things keep looking up!