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Central Indiana home sales improved slightly in 2011

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Home sales in the Indianapolis area were nearly flat in 2011 compared with the previous year, but showed more improvement during the last six months of the year, according to an annual housing report released Tuesday by the Metropolitan Indianapolis Board of Realtors.

Closed sales last year inched up 1.2 percent in the 13 counties tracked by MIBOR, but jumped 18.3 percent from July through December, bolstered by a 7.2-percent increase during the last month of 2011.

MIBOR President Debbie Morris attributed the improving housing climate to affordable mortgage rates and increasing consumer confidence.

“I would characterize central Indiana housing in 2011 as experiencing positive transition,” she said in a prepared statement. “The strong second half of 2011 bodes well for the spring.”

New listings in the final three months of 2011 fell 14.8 percent and total active listings declined 4.9 percent.

Statewide, the number of home sales also was nearly flat, as just 220 more houses sold last year than in 2010, according to the report.

The median price of all 57,985 home sold last year in Indiana was $112,900, a 0.8-percent increase from 2010. The average price of all homes sold in 2011 was $135,183, a 1.7-percent increase from the previous year.

In central Indiana, the average sales price of homes increased by 2.4 percent, to $155,499, in 2011. The median price rose 1.6 percent, to $124,000.
 

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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 It has become stale and outdated.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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