Indianapolis Market Review: Activity and Prices Climb!!!

Housing data released by MIBOR today shows continued strong sales and price activity through October 2013 with a weakening in pending sales activity. The slowing trend of pending sales in the last few months has resulted in the first negative metric all year with pending sales in October down 1.8 percent from October 2012. Closed sales still performed well increasing 6.6 percent in October and up 11.6 for the quarter ending in October.

According to the MIBOR Monthly Indicators Report, prices maintain a steady climb with median sales price up 4.9 percent for the quarter, and up 5 percent for the month of October.  Average sales increased 4.9 percent in October and 4.4 percent for the quarter ending in October. The current average sales price in central Indiana is $165,916; median sales price is $132,500. Months of inventory dipped to 5.3 months.

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 November 18.

Beautiful Zionsville Lot in Stonegate Proper ~ SOLD!!!

Indianapolis Third Quarter Housing Market Review

Local Market Review: Third Quarter Data Signals Continued Progress in Housing Market

Third quarter 2013 housing data released by MIBOR today shows continued strong sales and price activity coupled with a slowing in pending sales. Closed sales activity is still strong in the double digits, however the rate of increase tapered off in September and the third quarter from the hot early quarters of 2013. According to the MIBOR Monthly Indicators Report, the number of closed sales in central Indiana increased 21 percent in the third quarter compared to the same period of 2012. Closed sales rose 13.3 percent in September alone when compared to September of last year. Pending sales slowed more by increasing by 8 percent for the month of September and 11.1 percent in the quarterly comparison. To balance that, the much-watched new listings figure keeps climbing. New listings increased by 18.4 percent in September and 17.6 percent for the quarter ending in September. Prices maintain a steady climb with median sales price up 6.5 percent for the quarter, and up 3.8 for the month of September. Average sales increased 4.9 percent in September and 4.4 percent for the quarter ending in September. The current average sales price in central Indiana is $167,430; median sales price is $135,000. Months of inventory stands similar to the last few months at 5.5 months. Tracy Wright Team – Zionsville / Carmel, Indiana Real Estate Call us for your real estate questions: (317) 281-0347 http://www.TracyWright.net

New Zionsville Listing!!!

Behind a gated entry in exclusive Woodlands at Irishmans Run in Zionsville, awaits an incredible 3.5 acre tranquil retreat. Once the Indianapolis Monthly Dream home, this property has been well cared for and further updated to include the most extraordinary and appealing amenities. The manicured grounds create a retreat like experience with lush greens and idyllic Asian inspired garden complete with koi pond and pergola. The home boasts a unique yet functional floor plan, high end details, and custom everything. Inside youll find six bedrooms, including a stunning master suite with second story screen porch providing fabulous views of wooded back yard and an updated master bath on the main floor. Large kitchen easily entertains with new granite counter tops, Thermador range and ovens, top of the line appliances, and spacious curved island. The upper level is complete with 4 bedrooms each with a private ensuite bath and a large family room / library. The lower level allows for additional entertaining space with a theater room and also includes a wine cellar and additional rec room. Brand new carpet throughout and all concrete floors resurfaced, interior and exterior.

Tracy Wright Team – Zionsville / Carmel, Indiana Real Estate

Call us for your real estate questions: (317) 281-0347

http://www.TracyWright.net

 

New Listing in Carmel's Prestigious Laurelwood!!!

Impressive Laurelwood estate on 2.3 acres! Built to entertain, this home features a stunning pool, bluestone patio, bath house and separate summer kitchen with grill, sink, gas cooktop, refrigerator and icemaker. Remarkable marble entry with grand staircase welcomes you into this home. Open concept with guest and rec rooms on one side and separate master wing on other. Chef's dream kitchen with top of line appliances and granite, gorgeous den with cherry built-ins and formal living room with wet bar. Lower level boasts daylight windows, home theater, wet bar, exercise room, sauna and rec rooms. Absolutely spectacular!

New Zionsville Listing!!!

This move in ready home has a large lake lot, big back yard with custom stamped concrete and great outdoor living space. Home features fully finished basement with home theater, wine cellar, wet bar and rec area. New tile backsplash and custom touches to kitchen, large master suite, hardwood floors, formal dining, office and window treatments. Walk to nearby schools, pool and playground. Convenient to Zionsville's parks, arts and entertainment and farmers market in the village. A must see in sought after Brookhaven.

Indianapolis Market Review: Sales Still Hot, But Pace Slowing Down

The August 2013 housing data released by MIBOR today shows that while sales activity is still strong – in the double digits – the rate of increase tapered off in August from the high spring and early summer activity. This is most apparent in the pending sales numbers. According to the MIBOR Monthly Indicators Report, the number of closed sales in central Indiana increased 22.2 percent in the three months ending in August 2013 compared to the same period of 2012. Closed sales rose 14.5 percent in August alone when compared to August of last year. Pending sales slowed more increasing by 12.8 percent for the month of August and 15.3 percent in the quarterly comparison. To balance that, the much-watched new listings figure keeps climbing. New listings increased by 15.9 percent in August and 15.8 percent for the three months ending in August. Prices performed well with median sales price up 5.6 percent for the quarter, and up 6.2 for the month of August.  Average sales increased 3.5 percent in August and 4.1 percent for the quarter ending in August. The current average sales price in central Indiana is $171,860; median sales price is $138,000. Consistent with last two reports, months of inventory stands at 5.6 months.