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Avon Real Estate Report

Not surprisingly, the number of homes sold in Avon, Indiana jumped significantly from January to reach 34.  This figure, however, is still down from February’s 2009 total of 45 homes sold.  The total number of pending transactions also trended in a positive direction, moving from 29 in January to 36 in February.  However, this figure is also down from last year’s total of 40 pending sales.  Meanwhile, the total number of Avon homes for sale increased from 328 last month to 336 in February, 2010.  This is also an increase from last year’s total of 296.

The time spent on market dropped from last month’s total of 134 days to just 76 days in January of 2010. This is also down from February’s 2009 total of 89 days.  Hopefully this is a sign that the Avon real estate market is heating up as spring approaches.

The average price of a home sold in Avon, Indiana dropped from last month’s total of $220,000 to $168,000; this is down slightly from an average of $171,000 in February of 2009. There was good news for home buyers as the average cost per square foot dropped from 83 in January to 65 in February. This figure is more in line with the $69 per square foot paid by buyers in February of 2009.