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Area home-sale contracts up again in August

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Home-sale agreements in the Indianapolis area rose 5.4 percent in August, the F.C. Tucker Co. said Thursday.

Purchase agreements for existing homes in the nine-county area totaled 2,151 during the month, helping sales contracts through the first eight months of the year to a 14.3-percent increase when compared with the same time last year.

In Marion County, August sales agreements increased 4.5 percent, from 885 a year ago to 925 this year. Year-to-date sales in the county are up 13.4 percent.

One of the biggest jumps occurred in Hamilton County, where sales contracts last month jumped 9.9 percent, to 443.

Johnson County posted the largest decrease in the area, a 19.1-percent decline, to 148, in August.

Available homes for sale in the nine-county region dropped 14.4 percent last month, with 13,212 homes on the market, 2,109 fewer than in August 2011.

Overall year-to-date sale prices for the nine-county area increased by 2.4 percent, to $156,105.

Existing home sales in central Indiana have shown year-over-year improvement for 16 straight months.
 

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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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