Home Sale Agreement are Still Rising

For people into numbers, there are plenty of good stats coming out about Central Indiana’s real estate market. For people who aren’t into math, the key takeaway is that the nine-county Indianapolis-area real estate market is selling more homes than it has in years.

The Indianapolis Business Journal reports that year-to-date home sales are nearly 20 percent ahead of the 2012 pace, and the average sale price is more than 5 percent up from last year — through June the average sale price was $161k. Even high-end real estate is increasing, as seven $1 million homes were sold in June.

June saw 2,637 purchase agreements on existing homes. Marion County agreements are up 5.5 percent from last year, while Hamilton County saw an 8.3 percent jump.  If you are interested in more detailed information about home sales in your neighborhood, please let me know.

An active market is a healthy market, so if you’re looking to buy a home, now is a good time to start.

Let me know if you’re ready to buy or sell a home in the Carmel area, and we will work diligently to put you in the home of your dreams.

Carmelfest...Silver Edition

2013 marks the 25th year for the annual celebration our nation's birth in the town of Carmel.  Celebrating Independence Day in Carmel has become quite a tradition and has fun for all ages.  The festivities kick off today at 4:00 at the City Civic Center with food, fun and entertainment on three stages.

Highlights of the two day event include the annual Freedom Run, which kicks off July 4th at 8:00 from the Carmel High School parking lot followed by the Fourth of July Parade at 10:30. In addition festival attendees will find Marketplace and food vendors as well as a Kid's Zone offering an array of family-friendly rides,  activities and entertainment throughout the two day festival.

The Festival Finale is the 2013 fireworks show launched by Firestone and synchronized to music on FM 107.9 "The Mix" following a signature performance by the Carmel Symphony Orchestra on the Gazebo Stage at 8:30.  

Admission is free to the public but you are encouraged to purchase a "Spark Button" to help cover the cost of the fireworks show.  Come out and show your Patriotic Pride this July 4th.  Hope to see you there!

Virtual Tour for the Week Ending June 27, 2013.

This week saw an increase in home inventory with 24 homes coming on the market, two of which now have offers and only 17 closed sales.  However to get a true reading of what is going on we would have to look at the total number of homes on the market vs. those with pending offers. An assessment of that data shows that there are currently 253 homes listed as active in the 46032 area and 171 with offers waiting to close.

New homes on the market this week:
421 Springwood Drive, 12900 Clay Center Road, 3550 Sedgemoor Circle, 3509 Sedgemoor Circle, 1820 Millford Street, 13836 Coldwater Drive, 10764 Kings Mill Drive, 12550 Pembrooke Circle, 12447 Glendurgan Drive, 1391 N Claridge Way, 318 107th Street, 12192 Teal Lane, 3741 Carwinion Way, 13707 Autumn Lake Overlook, 2272 Moon Shadow Lane, 444 Twin Oaks Drive, 2264 Mood Shadow Lane, 490 Smokey Row Road, 818 Ivy Lane, 14561 Saddleback Drive, 754 Bennett Road and 14035 Sedona Court.  

If  you are interested in having a private showing of any of these homes, please contact me at 317.442.9786.

New to the market with offers:
644 E Main Street and 11559 Woodview Drive.

Properties that closed this week:
934 Deer Lake Drive, 12974 Regent Circle, 10669 Crown Court, 12521 Branford Street, 11397 Royal Circle, 354 Terrents Court, 12826 Shelborne Road, 1367 Hinault Way, 11510 Perkins Street, 590 Burr Oak Drive, 235 Legacy Lane, 2962 Weatherstone Drive, 111 Blairsden Ave, 11213 Arborwood Trail, 330 2nd St SW, 574 Hunters Drive West, and 12517 Timber Creek Drive.

This is the latest market news for this week. Be sure to check back for my latest on the May stats for Hamilton County and don't forget, you can subscribe to this blog to have the latest news delivered to your inbox.

Your Virtual Tour for the Week Ending June 20

Market activity has remained steady this week with 17 new listings, three of which received offers the first week. Be on the look out for my monthly market update for all of Hamilton County coming in the next few days.

New homes on the market this week:
11140 Ditch Road, 13168 Dumbarton Street, 13671 Brookstone Drive, 1192 Angelique Court, 11574 Westbury Place Drive, 689 Edison Way, 12916 Tradd Street, 2141 E 106th Street,  763 Grace Drive, 726 Woodview Drive North, 11542 Applewood Circle, 874 Rosalind Place, 137 9th Street NW, and 944 Rosalind Place.
 
Homes listed that already have offers:
10889 Weston Drive, 1346 Holden Court, and 1371 Holden Court.

Homes that closed on the sale this week:
10450 Windemere Blvd, 2444 Hopwood Drive, 1307 Clay Spring Drive, 13921 Silver Stream Circle, 1446 Clearwater Court, 12824 Clifford Circle, 2030 Hamilton Lane, 12761 Forsyth Street, 840 Bennett Court, 11522 Perkins Street, 425 Autumn Drive, 220 1st Ave SE, 862 Rosalind Place, 11221 Basswood Court, and 582 Hunters Drive West.

As always, if you are interested in more information or to see any of these homes, please contact me for your private viewing.  And did you know that you can subscribe to this blog and have the posts delivered to your inbox each and every time there is new information? Just click the subscribe link at the end of this post.

That's all for this week....see you next time!

Virtual Tour For the Week Ending June 13, 2013

The market just keeps on keeping on!  We continue to see a number of new homes come on the market and go just as quickly.  Here is your virtual tour for the week ending June 13th.

Can we say, the market is hopping???

New homes on the market for the week:
1514 Preston Trail, 653 W 141st Street, 1395 Queens Way, 1905 W Main Street, 2993 Topaz Lane, 10737 Stratton Circle, 9894 Summerlakes, 12511 Glendurgan Drive, 1245 Helford Lane, 321 W. Main Street, 2114 Renegade Court, 3205 Tantara Bend, 13906 Stonemill Circle, 13674 Oliver Lane, 855 S Park Trail Drive, 11512 Blossom Way, 12848 Clifford Circle, 1370 Bentley Way, 787 Grace Drive, 9618 Shelborne Road, and 2994 Weatherstone Drive.

Those new on the market with offers:
10910 Trumbull Circle, 804 Woodview Drive North, 421 Lexington Blvd, 429 Thornberry Drive, 519 E 116th Street, 12029 Leighton Court, 371 Patoka Place, 2884 Brook Vista Drive, 12951 Tuscany Blvd, 2118 Burning Tree Lane, 9748 Sawgrass Court, 13756 Roswell Drive, 10706 Jordan Road, and 10424 Fergus Ave.

Home sales that closed this week:
2119  Finchley Road, 696 Suffolk Lane, 3795 Barnstable Road, 12894 Brighton Circle, 12708 Brandenburg Drive, 12734 Moonseed Drive, 3584 Inverness Blvd, 2896 Brook Vista Drive, 3626 Patriot Court,  544 Village Drive East, 136 Park View Road, 2000 Rhettsbury Street, 3582 Seminole Drive, 2243 Glebe Street, 100 Harmony Road, 593 Burr Oak Drive, 461 American Way South, and 745 Hickory Drive.

What It Take to Compete as a Buyer In today's Market

The real estate market in Central Indiana has settled firmly into seller’s market territory.
 

The newest report from the Metropolitan Indianapolis Board of REALTORS notes the increased activity on the housing market is creating somewhat of a frenzy, with “buyers eager for available properties compet(ing) like they haven’t in years.”

For sellers, this is a great thing.

But for buyers, it might take a bit more effort than in the previous few years to land the home you’re longing for. Here are a few tips to help buyers compete in this seller’s market:

1. Know What You’re Looking For. Determine your needs and your wants in a potential home, all before you’ve even started looking. This way, the moment new homes come on the market, you (and your agent) will know which ones are up for consideration and which ones aren’t worth pursuing, all based on your predetermined parameters.
2. Get Financing Squared Away. Plain and simple: Unless you plan to pay with cash, get preapproved for a loan. Otherwise, you’ll get left in the dust by buyers who have proof that they have the means to purchase the home in question, all while you’re still working to get finances squared away. Money talks; give sellers your word with a loan preapproval.
3. Prepare Yourself For A Bidding War. Be prepared to be outbid by other buyers competing for the same home. You can combat this issue by shopping for homes below your price range; in the case that a bidding war ensues, you’ll be able to up your offer and still stay within your budget. Note that if you’re only shopping for homes at the top of your price range, you’ll need to mentally prepare yourself for disappointment if you can’t keep up with higher offers from competing buyers.
4. Be Prepared To Make Decisions Quickly. In this market, homes change hands in short order. If you’re serious about a particular property, be ready to make decisions regarding purchase quickly. Tarry, and the home will likely get picked up by someone else in no time.

If you or someone you know is planning to buy or put their home on the market, contact me today, so I can get you started on this process.  Homes are moving fast and it's a great time to be a seller. 

Just The Facts!

I've been reporting over the past several weeks about the uptick in the housing market for the 46032 area.  I just wanted to give you some perspective as to how all of this is actually breaking down when we look at the numbers.

I pulled the data and here is what we have. From March 1 this year, 487 homes have closed in the 46032 area compared to 443 for the same period last year.  Median price per square foot was $115 vs. $106 for this period last year and the median Days On Market was 49 vs. 68 for 2012.

Sounds like you need to be IN the market, and not just a by-stander!  Contact me TODAY and let's get it started!