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Indianapolis Home Builders kicked off the new year with a huge bang in metro area. Check out these first quarter permit numbers compared to 2009 for the metro area: Boone County: +118%, Hamilton County: +62%, Hancock County: + 39%, Hendricks County: +121%, Johnson County: +155%, Madison County: +100%, and Marion County: +35%. It's interesting because the tax credit could not have single handedly driven this. In most cases, you would have had to sell the house in December and January and have ... Read Full Post

BusinessWeek Study BusinessWeek just announced it's findings that Fishers Indiana is "America's Best Affordable Suburb". Their focus was not on luxury but rather on family. Our take in a second. They looked for places that where families can live well for less and that have good schools, low crime, and good commutes. Each town in consideration had to be within 25 miles of the most populated city in the state, have populations between 5,000 and 60,000, median family incomes between $51,000 to ... Read Full Post

Fishers area real estate stats year over year in January were down, but there is an upside. Tough on the High End There was only one home sale in Fishers that was over $500,000 and it was in Hamilton Proper. There are currently 56 homes for sale that range in price from $529,000 to $5,900,000. Many of those homes are located in Hamilton Proper as well. What's Moving? The bulk of the sales in Fishers in January were in the $120,000 - $300,000 range with popular neighborhoods being Avalon, Sand... Read Full Post

It was an intersting month for real estate in Carmel Indiana. Sold in January While there were 2 homes that sold for over $1,000,000, most of the 48 closed sales were for under $500,000. The lowest priced home was $63K and it was a foreclosure. Days on the Market The average time on the market for all houses sold in January was 98.1 days. The issue is the higher priced homes. In 2009, there were only 14 home sales over $1,000,000 that took an average of over 188 days to sell. The Village of W... Read Full Post

Sandstone is a great community with a great location and great amenities including a huge park for kids to play just about any sport you can imagine. Sales in 2009 vs 2008: There were a total of 63 closed sales in Sandstone in 2009 with an average price of $202,557, average square footage of 2228, and an average 63 days on the market. The highest priced home that sold in Sandstone was for $412,000 and was almost $100,000 more than the next highest house. The homes sold quicker in Sandstone th... Read Full Post

Home builder in metro Indy have reason to celebrate. In December, the home builders had the best month of the year. The Indianapolis Star reported today that permits jumped 33% compared to December of 2008. Sales however for the year were down 21% to 3625 homes compared to 2008. This is the lowest number of sales in the last decade. We have had a great deal of experience working with all of the local and national builders throughout the city and would be happy to assist anyone with their goal... Read Full Post

In November 2009, BusinessWeek rated Fishers the best place to raise kids in Indiana. It's tough to contradict their findings. The study cites school test scores, air quality, affordability, job growth, and safety as the reason for the acknowledgement. You can find a copy of the presser here. I have lived in Fishers for several years and sold many homes throughout the city and I would have to agree with the findings. The Hamilton Southeastern School district is fantastic, the crime is minimal... Read Full Post

NVR subsidiary Ryan Homes has entered the Indianapolis market through the purchase of over 800 foreclosed lots throughout and around the city. Ryan will be building homes in Franklin, Greenwood, Noblesville, and Brownsburg with models opening in January. Ryan has a great reputation throughout the north east and intends to dominate the market our sources say. The plan to open model complexes in December and January and more later in 2010. We look forward to visiting their models and reporting ... Read Full Post