Since late-2011, home values have climbed in Central Indiana and many U.S. markets.
The government’s Home Price index puts the increase at +3.7% an annual basis and the National Association of REALTORS® shows home sale prices up 11% since last year.
The price at which a home sells is determined by the economic force of supply-and-demand but location and amenities matter, too; establishing a baseline from which supply-and-demand can work.
Using data compiled by real estate market data firm Altos Research, Forbes Magazine recently presented America’s 10 most expensive ZIP codes for 2012. Not surprisingly, California and New York City dominate the list.
- New York, NY (10065) : $6,534,430
- Alpine, NJ (07620) : $5,745,038
- Atherton, CA (94027) : $4,897,864
- Sagaponack, NY (11962) : $4,180,385
- Hillsborough, CA (94010) : $4,127,250
- New York, NY (10014) : $4,116,506
- Los Altos Hills, CA (94022) : $4,016,050
- New York, NY (10021) : $3,980,829
- Rolling Hills, CA (90274) : $3,972,500
- New York, NY (10075) : $3,885,409
As an illustration of how home prices have climbed since Forbes publishes last year’s Most Expensive ZIP code list, this year’s #10 — Upper East Side, New York City, New York — would have ranked third in 2011.
The Forbes list may be interesting but, to home buyers or sellers in Indianapolis, it’s far from the final word in home values. Real estate remains a local market which means that — even within a given ZIP code — prices can vary based on street and neighborhood, and home characteristics.
Look past the general data and get to the specifics. Talk to your real estate agent for local market pricing.
Related Real Estate:
$3,995,000 : 1150 West 116th, Carmel7 beds, 14 bathsListed with Berkshire Hathaway Home
$2,750,000 : 8008 Fishback, Indianapolis5 beds, 6 bathsListed with Carpenter, REALTORS®
$2,500,000 : 422 West MICHIGAN, Indianapolis3 beds, 6 bathsListed with Keller Williams Indy
$2,500,000 : 2203 East County Line, Greenwood4 beds, 2 bathsListed with Jeneene West Realty, LLC
$2,500,000 : 11910 East 500 S, Zionsville4 beds, 5 bathsListed with F.C. Tucker Company
$2,495,000 : 8346 East 550 S, Zionsville5 beds, 6 bathsListed with CENTURY 21 Rasmussen Company
$2,495,000 : 10810 Club Point, Fishers5 beds, 9 bathsListed with F.C. Tucker Company
$2,490,000 : 10450 Laurel Ridge, Carmel5 beds, 8 bathsListed with Highgarden Real Estate
$2,250,000 : 7251 Hunt Club, Zionsville4 beds, 6 bathsListed with Everhart Studio, Ltd.
$2,250,000 : 450 East Vermont, Indianapolis4 beds, 4 bathsListed with Everhart Studio, Ltd.
See all All Luxury Listings.
(all data current as of 12/16/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.