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Westfield, IN Real Estate News

By Michael Taylor
(Red Door Real Estate)
Active: There are currently 334 active homes for sale on the Westfield Indiana real estate market with an average asking price of $240,135.  These homes are listed for $106 per square foot and have been on the market for 100 days.   Sold: December 2007 saw 29 Westfield Indiana homes sell with an average price of $194,665.  These homes took 84 days to get a contract and sold for $84 per square foot.  The same time last year, 38 homes sold for an average selling price of $226,955.  During the past year, 570 homes have sold on the Westfield real estate market with an average selling price of $220,976.  This means there is currently a 7.03 months supply of homes on the market and indicates that Westfield is still in a buyer’s market.  With so few homes closing, a few low sales can really s...
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By Michael Taylor
(Red Door Real Estate)
Active:  There are currently 320 homes for sale on the Westfield Indiana real estate market with an average asking price of $240,301.  These homes are listed for $106 per square foot and have been on the market for 108 days. Sold:  November 2007 had 33 Westfield homes close with an average selling price of $222,617.  The average home in 2007 sold for $90 per square foot and took 103 days to sell.  November 2006 had slightly more homes close with a total of 38 closings.  The average home sold for $222,255, took 85 days to sell, and sold for $102 per square foot.  Over the past twelve months, 580 units have sold on the Westfield real estate market with an average selling price of $222,413.  Knowing this and the amount of homes currently for sale, we can figure that the Westfield real est...
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By Michael Taylor
(Red Door Real Estate)
Active:  In October 2007, 69 homes were added to the Westfield real estate market with an average asking price of $254,709.  There are currently 345 Westfield homes available with an average listing price of $269,797 and an average price per square foot of $105.  Sold:  October 2007 had 42 homes close with an average selling price of $208,929.  The average home in 2007 sold for $93 per square foot, received 97% of the asking price and was on the market for 83 days.  In October 2006 we saw 46 Westfield homes close with an average selling price of $203,957.  The average home that sold in October 2006 sold for $93 per square foot, received 98% of the listing price, and took 82 days to sell. October 2007 had mixed numbers the Westfield real estate market; with a decrease in the number of u...
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By Michael Taylor
(Red Door Real Estate)
It seems that residents of the Westfield upscale Bridgewater development don’t think a KFC is such a good idea for real estate values.  Developer Thompson Thrift is attempting to develop an area at the intersection of Carey and 146th street that would include a day care, gas station, KFC, and retail on about 10 acres.  The developer is assuring the residents that the building will be within Bridgewater standards incorporating full brick and extra landscaping.  However, residents are not impressed and feel their Westfield real estate values in would be harmed by bringing in such a low end restaurant.    If you are interested Westfield real estate, real estate in Fishers, or real estate in Carmel please contact Mike Taylor at Rebate Real Estate to learn how you can qualify for a 50% comm...
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By Brian Beaver
(Re/Max Real Estate Groups)
 Each week I am going to be going to a new neighborhood in the Northern Indianapolis Metro Area to give people a view of what some of these developments look like.  Hopefully this will help people see what neighborhoods are like without the "glam" the actually developers are putting on there websites. Not that some of these neighborhoods need "glam", but it will give a true sense of the community and homes in it. The first one I am going to be writing about is the Bridgewater Club. The Bridgwater Club is located in Westfield, Indiana, a Northern Suburb of Indianapolis directly north of Carmel.  Its situated between the streets of 161st and Carey Rds.  The neighborhood is very large spreading over 750 acres, and continually adding more to it. It includes a Pete Dye Championship Golf Cour...
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By Brian Beaver
(Re/Max Real Estate Groups)
 By Bill Ruthhart bill.ruthhart@indystar.comWESTFIELD, Ind. -- Plans are in the works for another high-end lifestyle shopping center in Hamilton County, this time along U.S. 31 in the emerging suburb of Westfield. Proposed: If approved, Lantern Commons at 161st Street and U.S. 31 would open in the fall of 2009. Officials declined to name any stores that might be included in the lifestyle mall. - Image provided by Pine Tree Commercial RealtyA proposal filed with town officials late Thursday calls for 430,000 square feet of retail space on a 64-acre parcel at the northeast corner of 161st Street and U.S. 31. The $83 million project, scheduled to open in the fall of 2009, would be developed by Chicago-based Pine Tree Commercial Realty. Dubbed Lantern Commons, the development would be sligh...
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By Brian Beaver
(Re/Max Real Estate Groups)
Westfield seeks grant to extend Monon By Bill Ruthhart bill.ruthhart@indystar.com Westfield has applied for a federal grant that would help extend the Monon Trail further north through the town. Each fall, the Indiana Department of Transportation determines which communities statewide will receive the grants for alternative transportation. In 2004, Westfield received a $960,000 grant to pave the Monon from its current dead-end on the southside of 146th Street to 156th Street. This year, the town applied for a $1 million grant that would help extend the trail from 156th Street to 169th Street. Town Council President Andy Cook said he met with INDOT off...
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By Brian Beaver
(Re/Max Real Estate Groups)
More than 2,000 homes, 800 apartments in Hamilton County get okayNoblesville Daily TimesBy Jason Michael White, Noblesville Daily TimesA developer has final approval to build more than 2,000 homes, 800 apartments and multiple businesses immediately west of Westfield in Eagletown.Construction will likely begin in 2008 on the 997-acre Eagle Station development, expected to revitalize the western gateway into Westfield.  Eagletown is mostly farmland dotted with a few small businesses and homes. The rural area did not survive the Great Depression in the 1930s and its population declined as a result.Now urban sprawl from Westfield is expected to engulf the area. About 4,000 other living units are planned near the Eagle Station development.Eagle Station is designed as a multi-generational com...
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By Michael Taylor
(Red Door Real Estate)
Westfield Real Estate Report – May 2007   At a Glance:     2007 2006 % Change Active: $342,228 Active: $290,064 17.98 Pending: $215,281 Pending: $222,247 -3.13 Sold : $241,356 Sold : $233,703 3.27 Days on Market: 107 Days on Market: 72   Absorption Rate: 8.03         Active: May 2007 had 151 Westfield homes added to the market with an average listing price of $342,228.  May 2006 added 152 homes to the Westfield Indiana real estate market with an average listing price of $290,064.  The number of homes added to the market is almost identical, but the average home in May 2007 is up $52,164 or 17.98%. Pending: In May 2007, 69 homes went pending on the Westfield real estate market with an average asking price of $215,281.  The same month in 2006 saw 107 Westfield homes go pending and the ave...
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