Real Estate Insights & Updates
Rise in New Listings is Good News for Buyers
Carmel Indiana Housing Market Report April 2013 - An increase in new homes on the market is good news for buyers, who have faced fierce competition for Carmel homes in the past months thanks to steady declines in inventory.
The April 2013 Carmel Housing Market Report contained good news for sellers as well in that both Median Sales Price and Average Sales price rose by double digits as compared to April 2012. Whether or not it's a trend that's likely to continue is a hot topic nationwide. Some experts predict that rapidly rising prices are another bubble waiting to burst. Most, however, believe that elevated prices are the result of limited inventory and that as new construction ramps up again home price growth will taper off to more moderate levels. No matter who is right, buyers should always take time to research what similar homes in the neighborhood have sold for before making an offer on a property. It never pays off to pay too much for a home - no matter how hot the housing market is.
Anyone who is considering selling a Carmel home would be wise to do so while inventory remains low. Start by finding out what your home is worth with a free home value estimate.
The lone piece of unwelcome news in the Carmel Housing Market Report for April 2013 was a significant rise in Days on the Market as compared to the previous year. A 4 bedroom, 6.5 bathroom, 8988 square foot home in the Village of West Clay that spent 425 days on the market was largely responsible for the upswing in this statistic. Expect the May 2013 Carmel Housing Market Report to show Days on Market holding steady or even decreasing a bit as the summer selling season gets under way.
Did you know that Carmel is #1 on CNN Money's list of Best Places to Live in America? Learn more and take a look at all homes for sale in Carmel, Indiana.
Noblesville Open House | May 19 | 12-2 PM
18891 Stockton Drive
4 bedrooms | 2.5 bathrooms | 2940 square feet | $200,000
You'll think you've died and gone to Pottery Barn
Trust us, this house is THAT cute. And not only does it look like it's straight out of a magazine, it has plenty of practical details as well - like a main floor master for privacy, a versatile loft and a walk-in closet in every bedroom. You'll love the Whitcomb Ridge neighborhood too, with a community pool, playground and walking trails. But don't just take our word for it. Stop by and see for yourself!
Geist Condo with Private Boat Dock for Sale
11264 Fonthill Drive | Indianapolis | 46236
2 bedrooms * 3 baths * 1816 square feet * $170,000
How can you live on Geist affordably?
.... by investing in a maintenance-free Geist condo with a your private boat dock - for on-the-water living you'll love! We're letting you know ahead of time that you'll be (pleasantly) surprised by how spacious this home is; especially the master bedroom and bath. You'll also appreciate all the extra details that make it feel like home, including cathedral and vaulted ceilings, a loft with built-in bookshelves, skylights, walk-in closets and a private patio. And don't forget that most maintenance is included in your HOA fees - which means you'll have more time to enjoy waterfront living on Geist. See additional images of this Geist condo.
Shorewalk at Geist
Shorewalk is a community of maintenance free condos on Geist Reservoir in north Lawrence Township. Shopping, restaurants and other services are nearby at the Geist Station Shopping Center. Community pool and tennis as well as exterior maintenance are included in HOA fees.
The town's dedication to keeping the community active is what earned Fishers recognition as a 2013 Playful City USA Community, according to KaBOOM!- a national non profit that advocates increased outdoor play opportunities for children.
This is the 5th straight year Fishers has been named a Playful City USA Community.
The Town of Fishers added to its list of outdoor activities earlier this year with the opening of the Nickel Plate District Amphitheater. The venue will host, among other things, free country music concerts on the first Saturday night of the month during the summer.
The town is also encouraging residents to get out and get fit with its new Random Acts of Fitness program. During unscheduled visits to area parks, Town of Fishers staff members will award prizes to residents spotted participating in "random acts of fitness." The program runs through Dec. 31, 2013.
Saxony Beach is another of the best things about living in Fishers Indiana. The 20-acre manmade Saxony Lake has a designated swimming area (complete with lifeguards) paddle boat and kayak rentals, a picnic shelter, and fishing holes. Admission is free.
Does Fishers Indiana sound like a great place to live? It is! Search all Fishers homes for sale.
Much, Much More Than Meets the Eye
9451 Timber Crest Lane
Indianapolis IN 46256
4 bedrooms | 4.5 bathrooms | 5642 square feet
The pictures are beautiful, but they don't do this home justice. You can't miss the impressive curb appeal, the fantastic floor plan that allows for separate spaces which all flow together, or the living-in-a-treehouse feeling you get looking out at the wooded lot. What you might not see is the attention to detail in the extensive trimwork and tiling. Or the serene view from every room. Or the babbling brook that runs through the yard.
You also might be surprised to discover that you'll want to spend ALL your time in the amazing lower level which is flooded with light and ready for fun and games. Or that the master bedroom promotes harmonious living with His and Hers vanities AND closets. And unless you see it for yourself you can't appreciate the outstanding lower level storage area that has room for ALL your hobbies. And you'll definitely want to see the prestigious Timberline neighborhood for yourself.
There's so much more here than meets the eye!
First Quarter of 2013 Ends with Pain and Gain for Carmel Housing Market
The Carmel Indiana housing market for the first quarter of 2013 wasn't a complete victory, but it certainly wasn't a crushing defeat, either. Significant drops in March 2013 Median Sales Price (-11.5 percent) and Average Sales Price (-7 percent) as compared to a year ago dragged down the quarterly numbers for these categories as well. Closed Sales, on the other hand rose significantly, just as they have been since the latter part of 2012. The ongoing huge gains in Closed Sales can be attributed to motivated buyers who are eager to benefit while they can from super low interest rates and relatively low home prices.
And while negative numbers in Median Sales Price and Average Sales Price are never good news, booming Closed Sales combined with continuing sharp drops in Average Days on Market and New Inventory indicate that Carmel home sales prices are unlikely to remain flat or drop further in upcoming months. Extremely low inventory has buyers competing for homes that are well-maintained, well-presented and well-priced. Competition means multiple offers and multiple offers mean higher prices. Carmel and the rest of the Indianapolis area has suddenly become a seller's market, which means buyers should be ready to act quickly and decisively when they find a home they like. The Carmel home pictured here sold in just six hours for 98 percent of the asking price to buyers who knew what they wanted and were ready to act. If you're in the market for a Carmel home, learn all you can about buying a home in a seller's market; then start searching all Carmel homes for sale!
Anyone who is considering selling a Carmel home should also act decisively, while inventory remains low. Start by finding out what your home is worth with a free home value estimate.
Check back next month for the first Carmel housing market report of the second quarter!
First Quarter of 2013 Finishes Strong for Fishers Housing Market
The Fishers Indiana housing market finished the first quarter of 2013 in much the same way it started: with Closed Sales shooting up and Average Days on the Market and New Inventory decreasing. The ongoing huge gains in Closed Sales can be attributed to motivated buyers who are eager to benefit while they can from super low interest rates and relatively low home prices.
The Fishers housing market didn't end the first quarter on a perfect note, though. Both Median Sales Price and Average Sales Price faltered in March 2013 (-10.6 percent and -11 percent, respectively) as compared to the previous year, which caused drops in those categories for the quarter as well.
Don't expect Fishers home prices to remain flat or drop further, though, in the upcoming months. Extremely low inventory has buyers competing for homes that are well-maintained, well-presented and well-priced. Competition means multiple offers and multiple offers mean higher prices. Fishers and the rest of the Indianapolis area has suddenly become a seller's market, which means buyers should be ready to act quickly and decisively when they find a home they like. If you're in the market for Fishers home, learn all you can about buying a home in a seller's market; then start searching all Fishers homes for sale!
Anyone who is considering selling a home should also act decisively, while inventory remains low. Start by finding out what your home is worth with a free home value estimate.
Check back next month for the first Fishers housing market report of the second quarter!
Last week we listed a Noblesville home that was on the market for exactly 5 minutes before we got a call from an agent desperate to show it. Six hours later, that home was sold - for $10,000 above list price. Almost overnight the Noblesville Indiana housing market has officially become a seller's market. Gone for now are the days of properties lingering on the market, price reductions, lowball offers and multiple counter offers. Noblesville homes in good condition and well-priced are selling as soon as the For Sale sign goes up, and for pretty close to full price - if not more. Fact: In the current Noblesville housing market, the buyer who hesitates has lost out.
Tips for buying a Noblesville home in seller's housing market
Get proof that you are qualified to buy a home. Before you even begin looking at homes, get pre-approved for a mortgage loan. A pre-approval letter from a lender shows that you are a serious buyer who is financially able to purchase a home. This will also help you determine how much you can spend on a home. A pre-approval letter submitted with your offer will make it more attractive than offers submitted without pre-approval verification.
Fine tune your "must-have" list. What is your bottom-line budget? Which neighborhoods are you targeting? How many bedrooms does your family require? Do you need space for a pool table? A fenced yard? Your list is really coming along! Now for the tricky part.... Which of these "must-haves" are you willing to compromise on?
Do some research. Learn as much as you can about any properties you will be viewing so that you can be prepared to write an offer quickly. The buyers of that home that sold in 6 hours (we'll call it the 6-hour sale!) literally sat in the driveway after their showing and wrote the offer. And it was a good thing they did, because there were several showings scheduled after theirs. You can bet someone else would have made an offer if they'd had the chance.
Make your offer a good one. Don't even think about writing a lowball offer, asking for closing costs, or including a bunch of contingencies. While the seller is contemplating how to counter your demands, someone else will make a better offer. Guaranteed. Not only did the buyers of the 6-hour sale write an offer before they ever left the property, they wrote it for above asking price AND called the listing agent to find out what closing date and other terms the seller wanted. By writing an offer they knew the seller would agree to without countering, they eliminated the possibility of someone else sneaking in and submitting a better offer.
Buying a Noblesville home in a seller's market is competitive business and may seem daunting, but with preparation and quick action, you won't be the buyer who loses out!
Wondering what your Noblesville home is worth? Get a free estimate of your home's value.
Lake Views From Every Room!
3541 E 56th Street
Indianapolis IN 46220
3 bedrooms | 2.5 bathrooms | 2710 square feet | $335,000
Lovely waterfront home in Lake Maxinhall Estates with all the amenities a house on the water should have: boat dock, spacious patio, wooden pergola, beautiful landscaping & a large screened porch w/access from multiple rooms. Numerous improvements including a stunning kitchen remodel featuring top of the line stainless steel GE appliances, cherry cabinets & granite countertops. See additional photos, information and current pricing for 3541 E 56th Street.
Spectacular Sun Room | Stellar Views | Serene Location
10224 Paradise Lane
3 bedrooms | 2 baths | 1936 square feet | $174,900
All the hard-to-find features you're looking for rolled into one! 1/2+ acre cul-de-sac lot in a rural neighborhood that's just minutes to all the amenities of Noblesville, including award-winning Noblesville Schools. Sun Room wall of windows features a panoramic view of the beautiful wooded lot. Updated, freshly painted and move-in ready! Additional pictures, information, and updated pricing for 10224 Paradise Lane.