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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 recou... 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 wi... 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 ... Read Full Post

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... Read Full Post

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 loca... Read Full Post

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 ... Read Full Post

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... Read Full Post

Carmel Real Estate is a good news bad news situation for September 2007. The bad news first: the number of Carmel homes sold in September 2007 was down 25.22% over last years sales numbers. The number of homes sold in Carmel under $600,000 dropped from 115 in September 2006 to 86 in September 2007. Now for the good news, the average price for a home that sold on the Carmel real estate market in September 2007 was up 10.65% over last year. September 2006 had an average selling price of $281,25... Read Full Post

The Department of Justice Antitrust Division launched a new website this week aimed squarely at the real estate industry. The DOJ and the National Association of Realtors have been embroiled in a legal battle for a few years now because the DOJ believes that NAR supports policies that deter competition and unnaturally keep real estate commissions high. Although this site bolsters my case and obviously I am in favor of what they are talking about, it does seem a little lopsided. There is some ... Read Full Post

I realized the other day as I was reviewing a HUD-1 or Settlement Statement with a client of mine, that while I take the ability to scan one of these for inaccuracies, errant charges, or omissions, that many intelligent people don’t know how to read one. I have set out to go through it line by line in simple English so people know what they are looking at. This article will cover the seller’s side of the transaction and I will follow up with another article for the buyer’s side. Okay, l... Read Full Post