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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. Doug Henning!

  2. These guy were thugs — they grew up in freaking Haughville! Smh, sigh. If the mayor needs/wants "quality" Black Hoosiers who are NOT corrupt, give me a call — I know plenty. Land bank info here - http://www.kubepharm.com/indylandbank/IndyLandBank.html

  3. Magician and illusionist!

  4. The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.

  5. I did not move to Zionsville to live in Carmel. This and the subsequent developments to follow will ensure a vanilla uniformity of strip malls and apartment buildings as we seek to bring our town down to the least common denominator. We were warned before recent elections that pro-development council members would make sure their friends (landowners and developers) would be able to make their millions off of the exploitation of Zionsville. Why in God's name would we sell out the best preserved small town in the State of Indiana?

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