Housing data released by the MIBOR BLC® comparing February 2020 to February 2021 shows:
The Indy median sales price is at an all-time February high. Inventory continues to be at an all-time low. The CONTINUED HIGH DEMAND makes it an optimal time to consider making a move. Give me a call at (317) 625-0655 to discuss your options.
3-4.99 Acres
There were 14 sales, with the average sale price being $30,872/A. Marketing time was very fast with lots taking a median average of just 24 days to sell! Discounts from asking price were slim, with the average discount being less than 5% off.
5-9.99 Acres
There were 19 sales, with the average sale price being $23,845/A. Marketing time for this segment was longer, with the median average coming in at 139. That probably played a role in discounts being a little more prevalent. The average discount from asking was 10%.
10-19.99 Acres
There were 17 sales in this group, with the average sale price being $18,443/A. Marketing time for this segment was longer still, with the median being 229 days. The average discount was just over 2%.
20+ Acres
8 sales were recorded, with average sale price being $11,625/A. Median marketing time was just 69 days. The average discount was nearly 15%.
No surprise, as the volume of acres increased the price per acre decreased. There are a lot of factors that go into determining the value of a given piece of ground, with just one of those factors being the total number of acres being purchased.
Well, that’s a wrap for 2020. What will this next year bring? Time will only tell. If you are looking for a piece of land, give me a call at (317) 625-0655 and let’s talk specifics. Let 2021 be the year!
According to a new survey from LendingTree, nearly half of more than 2,000 Americans recently surveyed say they plan to move soon to reduce living expenses. Forty-six percent of respondents say they plan to relocate within the next year.
The COVID-19 pandemic has been a big motivator here in the Indy area.
If you can relate, Let’s start planning for 2021! I can help with a hassle-free “No Strings Attached” Room by Room Analysis. What does this mean…. that I walk the property (inside and out) and give my two cents on repairs/improvements that could be done to yield a quick home sale as well as sell for the most $$$. I am a phone call / text away!
