Carmel Indiana Real Estate and Homes for Sale

There is quite a bit of depressing news regarding the housing industry; however it is almost always on a National Level.   I’d like to look at the Carmel Indiana Real Estate Market and point out some of the more popular neighborhoods and what is happening.   If we go back to 2006 when the market was “thriving” and compare to 2008, we can see there are neighborhoods that have had their problems.

Summerlakes had the largest decline at nearly 21%.   It is a gated community with a fairly high  HOA Fee.   It is a fairly small neighborhood with just over 100 homes built in the late 80s and early 90s averaging in price easily over $500,000.     The other two neighborhoods with large negative appreciation are Brookshire and Crooked Stick, both older neighborhoods and as more new build occurs in Carmel they will be harder to sell without updating.  

On the positive appreciation we have Springmill Ponds with a very accessible location to the interstates and downtown.   There are approximately 230 homes and nearly all have basements.   There are typically 10-15 homes a year that are for sale.   They are showing a 3.7% appreciation rate.   Springmill Crossing in the same area has a 5.4% appreciation rate.  

If you would like to have your home or neighborhood evaluated, please contact your Carmel Real Estate agent and we can provide that information to you.  

 Cindy œin Indy Marchant  -  Carmel Real Estate Agent
Keller Williams Realty Indy Metro NE
Carmel  IN Real Estate Website
317-290-7775