Indy Realtor's Blog: Greenwood Real Estate

The corridor along I-65 in Greenwood is apparently the place to be right now.  Two more hotels, on top of the other three, may go up in Greenwood near the new Cablea’s store.  La Quinta and Value Place are the two newest companies looking at Greenwood.  The proposals would put La Quinta on the north side of Main Street and Value Place on the south side of County Line Road. 

These proposals come on the heels of the giant 125,000 square foot Cablea’s going up at County Line and Graham Road.  Since then plans for 3 other hotels have been announced: Hilton Garden Inn near Cabela’s, Candlewood Suites on Graham Road, and Splash Universe a water park is also planning a hotel. 

These two new proposals certainly indicate that Greenwood is on the move and… 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 economy.

Needless to say, this would be HUGE for the city of Greenwood and Greenwood real estate.  $60 million dollars per year would have a great impact on the local economy and would create more demand in the real estate market.    Greenwood is landing big deals right… 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.

Tickets are $30 each or 2 for $50 and can be purchased at the following locations:

            - Flower Market – 105 S. Madison Ave.

            - National…

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…

The Greenwood City Council has given the green light for an $18 million bond to entice the outdoor retailer Cabela’s to build a new megastore in Greenwood.  Cabela’s has plans to build a 125,000 square foot store on the southeast corner of I-65 and County Line Road.  Construction would take six to eight months and they could be selling outdoor gear to Hoosiers as early as fall 2008.

Cabela’s in Greenwood plans to have a giant mountain replica with running streams and waterfalls as its centerpiece to the store.  In addition, they plan to have an indoor archery range, a large freshwater fish tank with native species, and a world class gun collection.

What does this mean for Greenwood real estate?  The projected 200 jobs and 3 million annual…