East Carmel Neighborhood Update: Moffit Farm

Moffit Farm at Prairie View is one of those neighborhoods that on the surface this year seems to be on a similar pattern of home turnover to 2011.  The reality is Moffit has had several sales that will affect almost everyone's values in a positive way for the next several years.  Six homes are under contract for this year, right in line with things at the same time a year ago. The real significant issue is that a foreclosure that sold one year ago on Griffin for $305,000 has been renovated and resold closing recently at $499,120.  That foreclosure has essentially been wiped off the books with it's resale, a very productive thing for values in Moffit.  At year's end, we'll compare values and recap the final sales numbers for this neighborhood for 2012 but for now, rest assured Moffit neighbors, you're area is recovering nicely.
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