Answers - Real Estate

Listings:

In March 2007 Fishers had 168 new listings with an average listing price of $258,458. The nu

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

mber of new listings and the average list price has gone down from the same period last year. In March

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

2006, there were 353 new listings with an average list price of $265,705. This means the number of list

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

ings is down 52% year over year and average list price is down 2.7%.

Pending:

In 2007 there were 197 p

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

roperties then went pending in the Fishers area with average list price of $219,470. The number of pend

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ings from March 2006 were almost the same at 199 while the average list price of a home was $232,208. O

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

bviously, the amount of properties that went pending is almost identical while average list price of a h

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

me that went pending in Fishers in March 2007 was down 5.4%.

Sold:

132 homes closed in Fishers in Marc

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

h 2007 with an average selling price of $217,655. The average sales price versus list price was just un

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

der 97% and the average days on the market was 78. In 2006, 148 homes closed with and average sales pri

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ce of $231,978. The average sales price versus list price was almost the same, just a little over 97% a

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

nd the average days on the market for March 2006 was 65. The number of homes sold in Fishers was down 1

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

0.8% over last year, the average sales price was down 6.1% and the average house took 13 days longer to

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

sell in 2007.

While all the numbers are down over March 2006, this is consistent with what the rest of

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

he region has seen. Fishers Indiana is still a wonderful place and to purchase a home: Fishers was just

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

voted in Money Magazine’s top 100 best places to live in 2006. I believe a big part of the problem is

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

that Fishers is a very desirable place to live and every builder in town has at least one development in

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

the city. With all of these builders vying for buyers and offering crazy incentive to compete against

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

each other, they have a strong impact on the Fishers Real Estate Market. Most builders are hurting for

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

sales right now, land acquisition has slowed, and I believe the market will stabilize in the near future

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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All leaders need to have vision because it is vision that leads leaders. Being a leader is not an appointed position! Being a leader means that there are people who are following you - they may be people on your team, other people in your organization, even clients and customers. As you lead and as people look to you for leadership, a vision gives you the spark that others want to catch.

Isn't it time to demand the real PR results you're entitled to, and for which you've paid good money?

I noticed recently there are a whole bunch of listings on wholesale list of all sorts being sold on ebay for really ridiculous prices like $0.99 or $1.99. I recently brought one of the xbox360 wholesale list thinking since it is the holiday season, I could make a few bucks selling xbox360 on ebay.

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Answers - Fishers Indiana Real Estate Report - March 2007

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