Indy Realtor's Blog: All Categories

I don’t normally like to do a report just on Indianapolis real estate because I feel that it too broad of a search to get a realistic picture of what is going on in the marketplace.  However, it does provide some good overall data that can be used to compare with some more local statistics.  So, I will give the Indianapolis numbers and then follow it up broken down by townships so that we can see how the individual townships fare as compared to the overall market. 

October 2007 had 822 Indianapolis homes sell with an average selling price of $101,923.  The average home in 2007 was on the market for 89 days and received 96% of the asking price.  This is in comparison to October 2006, when 1143 homes sold on the Indianapolis real estate market with an…

Due to Fisher’s population boom, the town of Fishers has ordered a special census to count every single resident in the city.  For the second time since 2000, Fishers thinks it needs to recount the population in order to capture a higher percentage of the state taxes.  The higher the population is, the more Fishers gets in state taxes; if their estimates are correct they think the population has risen to 62,000 which would mean an additional $1.2 per year in state taxes.  The cost of the recount is $565,000, but as you can clearly see this will easily pay for itself within the first year. 

Although it seems a little archaic, they are actually going to every single door of every single home to count the population.  They will visit each house three… Read Full Post

Along with the rest of the Indianapolis real estate market, Noblesville’s numbers for September 2007 are down slightly in both number of units sold and the average selling price.  The statistics for Noblesville this month were showing some very weird numbers, so I had to filter them a little bit.  Just so there is full disclosure, the numbers here are based on sold homes in Noblesville from $100,000 -$500,000.  This is where the majority of the homes are priced anyway, so I don’t think it will skew the numbers that much at all.

September 2007 saw 63 Noblesville homes sell with an average selling price of $173,003.  The average home took 99 days to sell and received 96% of the asking price.  September 2006 had 77 homes sell with an average selling price… Read Full Post

I am sorry to report that the Greenwood Indiana real estate market does not have great numbers for September 2007.  The Greenwood real estate market is mirroring the greater Indianapolis numbers, posting a decrease in the total number of sales while gaining slightly on the average sales price of a home. 

In September 2007, there were 93 homes that sold in Greenwood compared to 111 that sold in September 2006.  This represents a 13% decrease in the total amount of homes sold.  The relatively good news is that home prices did not drop, but rather gained a small percentage since last year.  In September 2006, the average home on the Greenwood real estate market sold for $154,462 while the average home that sold in September 2007 was up slightly with an…

Drees homes, one of Indianapolis’ most respected homebuilders, is building a new subdivision of luxury homes in Zionsville.  The new project, Brookhaven, is located on 146th Street just east of Michigan Road.  Drees Homes Brookhaven will be featuring 14 different floor plans that range in price from $371,000 - $589,000.  The majority of the homes being offer by Drees are two story models, but there are a few ranch plans available if that fits your lifestyle better.   The community will include a total of 240 homes and offers its residents more than 80 acres of nature areas and lakes.  The 240 homes will be separated into two distinct sections: Brookhaven Manor and Brookhaven Estates.  Brookhaven Estates will feature larger home sites, up to ½…

Ryland Homes is opening its newest community and will be adding 86 new homes to the Zionsville real estate market.  Fieldstone will feature homes that range in price from the low to high $300’s with the square footage ranging from  2,400 to almost 4,000 square feet.  Ryland Homes Fieldstone is located on 146th Street in Zionsville just east of 421/Michigan Road.  Fieldstone is ideally located on the border of two of the regions’s most desirable areas, Zionsville and Carmel.  Fieldstone is located within the highly sought after Zionsville Community School District with Union Elementary being within walking distance. 

In addition to the great location and the award winning schools, Fieldstone will offer Zionsville home buyers a relatively rare option,…

A new stretch of 146th street recently opened at exit 10 of I-69 in Hamilton County to officially connect I-69 to Cumberland Road.  This is one step in an effort to eventually connect I-69 to I-65 from Hamilton County through Boone County.  The plans to make the full connection a very vague and far from a reality, however, this stretch is one more piece of the puzzle. 

The 4 mile, $53 million stretch will add one more reason for residential and commercial developers to enter the Hamilton County real estate market.  There are already 3 major projects centered around exit 10:

            Noblesville Corporate Campus – A 4,550 mixed use project that will extend up to the Madison County line.

            Saxony – Already a huge success, this 750 acre…

Parkside Village is a small subdivision that consists of just over 100 homes nestled right in heart of downtown Carmel.   Parkside Village offers something very unique in the very desirable area of Carmel, affordability.  While the average home in Carmel normally sells for just under $300,000, Parkside Village offers homes that range from $110,000 - $160,000.  Take a look at this house I just listed in this subdivision:

 
The MLS number is 2767529.  This house offers an amazing 1757 square feet with 3 bedrooms, 2.5 baths and a loft for under $150,000.   This home and this neighborhood represent a hard to find thing in Carmel.  It is near impossible these days to get into the Carmel area with Carmel schools for anywhere near this price range. …