Tracy Wright Real Estate Team: September 2011

Thursday, September 29, 2011

St. Clair Place Clean Up Day!

We had a great time helping out on clean up day at the St. Clair Place project. To learn more about this wonderful project in Indianapolis checkout the St. Clair Place website.

This time of year, we Realtors hear the same refrain: “I’m going to wait to list my home until the spring buying season begins next year.” At times this may be a good idea, specifically if a home is in need of repairs or upgrades prior to listing. Now would be the time to make those repairs to make it “market ready.”
But, I believe now is the time to list your home and here’s why. Banks and economists are warning of a glut of foreclosed homes coming to the market next spring. Late last year, banks were warned that they needed to guarantee that the paperwork necessary to start a foreclosure process on a family was both accurate and complete. Since then, the banks have slowed the foreclosure process while the re-evaluate their procedures. There are a large number of seriously delinquent mortgage loans in limbo and waiting for a settlement between the banks and the state attorney generals.
With these millions of homes awaiting foreclosure, now is the time to list. Get your home ready for sale and on the market, before these homes beat you to it!

September Zionsville Updates
314 Homes for sale
47 Homes sold in August
83 Average days on the market for sold homes in August
$362,125 Median price of homes currently for sale
$336,900 Median price of homes sold in August
The Tracy Wright Team has closed almost 30 transactions and nearly $10m in sales volume this year. As selling agents they have achieved a 97.3% sales price to list price ratio.

Monday, September 19, 2011

August Market Report for Central Indiana

Pending and closed sales achieved respectable gains in central Indiana according to the latest MIBOR Monthly Indicators Report of Broker Listing Cooperative® data. Closed sales for the three months ending in August rose 15.1 percent and 33.5 percent in August alone. Pending sales rose 11.2 percent in the three-month view and 7.2 percent in August.

Price, consistently the bright point, remained stable. For the three months ending in August, median sales price was up 3.6 percent to $129,500 and average sales price ticked up to $165,122; a 2.3 percent increase. August only, while still in the positive, saw less increase. Median sales price rose 1.6 over the previous August and average remained consistent, up by 0.6 percent.

In less good news, months of supply remains high; 10.3 months when examining the three months ending in August and 9.9 months for august only. Both are increases over the same time periods last year. Along with the Monthly Indicators report, a one-page report of each county within the service area is also provided. In total, these data sets are intended to be a snapshot of the market, providing historical comparisons whenever possible. The data was pulled from the BLC® listing service on Sept. 16.

Friday, September 16, 2011

New Zionsville Listing!

New Listing in Zionsville - Beautiful Home in Stonegate - 6680 Regents Park Drive - Open this Sunday from 2:00 to 4:00 - Hope to See You There! Check out the Virtual Tour to See this Great home!