Real Estate in Brownsburg July 2009

Real Estate Report by m.s.Woods Real Estate, LLC. –  Along with Indianapolis westside cities like Avon and Plainfield, Brownsburg has seen a growth in building over the last decade. However, recent downturns in the economy has effected all areas of the nation, including the Indianapolis real estate market. A study recently released by the Indiana Association of REALTORS® on the website called Indiana Is Home analyzed the data from July, 2008 to July, 2009 of all homes sold in most Indiana counties. It also compared the median sales prices across the state. It found that a decline does continue in home sales and price but the descent is not steady, rather it is abating. While this is good news, how did Hendricks County size up? Fairing no worse than most other counties, Hendricks County saw a 13% decline in the sale of homes from July, 2008 (207 homes sold) to July, 2009 (180 homes sold.) The median sales price of homes held rather steady in contrast decreasing only 2.8% to $139,945 from $144,000 a year earlier.


The city of Brownsburg itself, on the other hand, is not letting the state of the economy affect its sale of homes. The time period from July, 2008 to July, 2009 showed an increase in the sale of homes by 22.7% from 44 sold to 54 sold in the month of July. Those interested in moving to the area can find 238 Brownsburg homes for sale currently. If you’re so inclined, you can purchase in Brownsburg homes for as much as $1.3 million. Or if you’re looking for a good fixer-upper, homes for as little as $30,000 can be found. More good news for the Brownsburg real estate market is that recent numbers from MIBOR is showing that nearly one in four homes on the market has a chance of selling. Other Indianapolis suburban areas show as high as one in ten homes will currently sell so this is obviously good news for Brownsburg homes. Still, buyers can be choosy so if you’re looking to move your home quickly, here are some suggestions for having your home show-ready:

Think sparingly. Remember that first place you had in college furnished with only a table, sofa, couple of chairs and a bed? Okay, well, maybe you can have more furniture than that but the idea is to keep it simple. If you’re bumping into a coffee table that’s too large for your living room, move it to the garage for now and do the same for your other rooms.

Keep it clean. Having your home be spotless for every showing isn’t very realistic for today’s busy families. Therefore, consider paying someone to clean it for you on a weekly or monthly basis while your home is on the market. The $100 or so you will spend could be worth it if you sell your home quickly.

Freshen it up. Not only can you make use of faintly-scented air freshners but also think about how you can make your home look more fresh. Consider buying new flowers each week and empty your trash cans regularly. Modest improvements like these are just extras to help your home rise above the rest.

While the impact of the economy doesn’t appear to be packing the punch currently to Brownsburg homes in Indiana, it never hurts to try to stand out among the competition. Talk to your Brownsburg REALTOR® as well about what other options you could consider when marketing your home.