Real estate update: Westfield

Westfield is proving to be one of the hottest markets in central Indiana this year. In the month of April, 86 homes sold in Westfield and the average sales price was $334,000. This was a 16 percent increase from the same time period last year. Westfield is outperforming its neighbors as this is a greater increase than what happened in Carmel and Noblesville.

Westfield total sales were up by 11 percent from this time last year. This is 6.6 percent better than Carmel, and Noblesville experienced an 11 percent decrease in sales from April 2016 to April 2017. The market continues to be active and buyer demand remains strong. The interaction between inventory and prices will be one we monitor closely throughout the summer.

Karen Tanner and Annie Schweiger are brokers with Bonwell Tanner Group. They have a combined industry experience of 14 years. Bonwell Tanner is a full-time, full-service real estate team. For more, call 317-361-6333.