Local Housing Market Trends. Good News!

Reports released show favorable reports for our local housing market.

For only the second time this year, monthly home sales outpaced last year. According to the Indiana Real Estate Markets Report released by Indiana’s REALTORS®, 583 more homes sold statewide in September than in September of 2013. That is a 9.1 percent increase.

keysAnd, September median home sales prices rose by 3.6 percent, with the median sale price of $128,000, and the average of $152,146 with a 3.8 percent increase.

Here’s the comparison of September 2013 and 2014:

  • The number of pending home sales increased 12.7 percent to 6,210
  • The percent of original list price received increased 1.7 percent to 93.9 percent
  • The number of new listings increased 4.0 percent to 9,922
  • The inventory of homes for sale decreased 2.2 percent to 44,799

“It’s the second time this year that monthly home sales beat last year, but the first time they’ve done so in a meaningful measure,” said Kevin Eastridge, 2014 President of the Indiana Association of REALTORS®. “Prices continued to gain traction and local markets across the state seem to be back on the recovery track after a brief pause.

“The departure of investors from the scene should benefit first-time homebuyers, but student debt and sluggish wage growth have slowed that transition,” continued Eastridge. “The economy is growing, but it’s growing at a slower pace than desired. Thankfully, inflation remains tame.”‘

If you’re in the  market to buy and/or sell a home, please contact me. I look forward to meeting you!

Recycle Day in Fishers Saturday!

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Do you have a garage full of old electronics, broken exercise equipment, old paint, household hazardous wastes that you can’t put in your weekly trash bin? Take part in Fishers Fall Recycle Day 2014 this Saturday, November 1st at Heritage … Continue reading

New Condo Listing in Castleton!

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Looking for low maintenance condo living? Check out this great home in Castleton! 7620 Castleton Farms North Drive // $102,900 This 1,428 square foot, two-bedroom, two-and-a-half bathroom end unit is filled with natural light and countless new updates! The home … Continue reading

Boo Bash Is Tonight!

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Get your Halloween costumes on and come out to the Nickel Plate District Amphitheater tonight for fun, free and safe trick-or-treating! The Boo Bash is the place to be! The Halloween Village opens at 6:30 p.m. Enjoy games, activities, free Pat’s … Continue reading

Looking for a Senior Living Community?

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Introducing Rosegate…garden homes for independent living, located on Indy’s south side near Emerson Avenue and Southport Road. This American Senior Communities neighborhood offers several floorplans, friendly staff and independent living with planned social activities, scheduled transportation to shopping for the residents … Continue reading

Custom Vacation Home On Wrong Lot. Really?

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Did you hear about this story in Florida? Missouri residents, Mark and Brenda Voss, own a lot in a gated resort community called Ocean Hammock in Ormond Beach, Florida. Six months after working with a builder to construct their large custom … Continue reading

American Senior Communities. Learn More!

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Introducing Rosegate…garden homes for independent living. This American Senior Communities neighborhood offers several floorplans, friendly staff and independent living with planned social activities, scheduled transportation to shopping for the residents and more. ASC is also pet friendly. These maintenance-free garden … Continue reading

Fall Fun for the Family! Let’s Go!

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Are you looking for some fun Fall activities? Here are some of the local favorites to get out there and enjoy this month: Nefarious Noblesville Ghost Walk // Historic Noblesville Square, 839 Conner Street in Noblesville Reservations are required for … Continue reading

Home Heating Tips.

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As the weather becomes cooler, it’s a good time to review the maintenance your home’s heating system. Here are some troubleshooting tips to keep you safe. If you have natural gas heating in your home, you probably know that natural gas has … Continue reading

New Listing in Spyglass Falls!

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Looking for a new home in popular Spyglass Falls? 11149 Ragsdale Place, Fishers // $249,900 This listing just hit the market. It’s a 3- or 4-bedroom home with over 3,800 square feet of space to call home. It features a … Continue reading