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Property tax reform is coming in Indiana, one way or another, good or bad, it is coming. This is THE top issue on everybody’s mind and agenda right now, however the details of the tax reform are getting sticky. Governor Mitch Daniels has proposed his “1-2-3 plan” which limits property taxes to 1% of the assessed value for residential, 2% for rentals, and 3% for commercial. I think everyone agrees that this is good starting off point, but many disagree about the details of the tax reform... Read Full Post

Amid all the media coverage of the housing bubble bursting it may seem impossible to sell a house in this market. However, if a seller is willing to do the right things to sell their home it can be accomplished without having a fire sale. I recently put a house on the market and it sold within 30 days of being on the market. Why did this home sell while it seems other languish on the market for months on end? While there are many factors that contribute to whether a home will sell or not, I b... Read Full Post

Medco, one of the nation’s largest pharmaceutical distribution companies, announced yesterday that they will be building a $150 million distribution center somewhere in the central Indiana area. Greenwood which is seeing explosive growth along I-65 corridor is among the favorites sites for the center. If Greenwood could land this deal, 1,300 jobs would be created with salaries ranging from $40,000 to $100,000 per year which translates to an annual payroll of $60 million for the local econom... Read Full Post

Downtown Indianapolis could have a new destination if three Indiana based developers have their way. Cedar Run Ltd., Zickler Associates, and Mennen-Gutwein are teaming up to try to change the face of downtown Indianapolis. They are working on a plan to transform 11 acres on the southern portion of downtown, 2 blocks east of the Lucas Oil stadium, into a “Times Square Feel”. The project is in its infancy; however preliminary plans call for 2 -3 hotels, 200 condos, 175,000 square feet of re... Read Full Post

Anybody in the Indianapolis area is well aware of the tax increases and the genius ideas of issuing a rebate check to offset the increase that occurred this year. Well, as the issuing of the rebate checks draws nearer for some counties it seems the tax payer will get stuck footing the bill for actually getting these checks out. While the money for rebates is obviously coming from the state, what the state failed to provide money for was the cost to issue the checks. Marion County may not face... Read Full Post

Fishers has taken the first step to redevelop the aging downtown area along 116th street. Right now it is just a concept, but the Town Council did give preliminary approval to rebuild downtown with Fairmount properties of Ohio. The $100 million dollar project would cover about 70 acres on either side of 116th street and would require several homes and businesses be bought to make way for the project. This is far from a reality but the developer has an initial proposal of 250,000 square feet o... Read Full Post

Carmel real estate has been for quite a while some of the most distinguished and desirable real estate in the entire Indianapolis area. Carmel typically outpaces the rest when it comes to appreciation and October was no different. While we did a pretty big decrease in the number of homes sold, buy the average selling price continues to increase. Active: There are currently 569 active listings on the Carmel real estate market with an average asking price of $309,291. The average home has been ... Read Full Post

The 16th annual Taste of the Southside is taking place Sunday November 11 from 5 to 7 p.m. at the Valle Vista Golf & conference center. Over 40 local Greenwood restaurants will be offering an amazing selection from their kitchens such as: coffee, prime rib, desserts, mixed drinks, and wine. Some of the restaurants attending are: - A Piece of Cake - Carrabba’s Italian Grill - Chateau Thomas Winery - Damon’s Grill - Jonathan Byrd’s Cafeteria - Oliver Winery - Any many many more. Ticke... Read Full Post

The Indianapolis real estate market in Pike Township seems to be following the same basic trend as the rest of greater Indianapolis. The number of homes sold is dramatically down and the average selling price is down slightly. Let’s take a look at some details… Active: There are currently 829 Indianapolis houses active on the market in Pike Township as of today. The average home is listed for $142,046 and is priced at $79 per square foot. In October, 150 homes were added to the market wit... Read Full Post

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 Indiana... Read Full Post