Residential Real Estate: Marketplace Stats for March 27, 2020
Sales ticked up in February—but that was before the coronavirus all but shut down the local economy.
At Home Quarterly
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How to be a buyer in a seller’s market
This summer, houses in central Indiana sold after being on the market an average of just one month, half the time of homes sold in 2015. And that’s the average of all houses. Those that are move-in-ready and in desirable neighborhoods—the kinds of homes most buyers are looking for—are often sold within hours or, at most, a few days.
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Articles
Home profile: Old World style in a home built for today
Donald and Leslie Bolinger’s vaguely Old World-looking Carmel home seems like it belongs in one of Indianapolis’ historic neighborhoods.
Downtown condo features great views, fresh renovation
Jeff and Anna Tegethoff spent 16 months renovating a condo at 429 N. Pennsylvania St. into what he calls an “urban oasis.” But six months after moving in, they’re putting the house on the market.
Residential Real Estate: Marketplace Stats for October 25, 2019
Inventory remains low. As of Sept. 1, the region had just two months of supply—10% less than at this time last year—meaning it would take just two months to sell out the current inventory of houses if no more came on the market.
Arts-and-crafts homeowner in Greenfield keeps it authentic
Former Navy nurse Bob Morrison developed a taste for arts-and-crafts-style homes while serving on the West Coast and found the perfect outlet for that passion back home in Indiana.
Residential Real Estate: Marketplace Stats for August 30, 2019
Housing inventory remains low at just 1.6 months, meaning that’s how long it would take to sell the region’s available housing. That’s down 5% from a year ago, when inventory was already tight.
All-Star Real Estate Agents: The Indy area’s top teams and solo sellers
Three veteran real estate agent teams solidified their lock on the top three places in IBJ’s All-Star team rankings for the fourth straight year, with Dennis Nottingham’s Indy Home Pros Team taking the No. 1 spot. Jennil Salazar of RE/MAX Ability Plus is the new top IBJ All-Star solo agent.
Residential Real Estate: Marketplace Stats for June 28, 2019
The number of active listings in central Indiana—at 5,077 at the end of February—remains low, although it’s 15 percent higher than at the same time a year ago.
Fountain Square parcels cut off by I-65 get modern makeover with three new houses
The lots were among the last available spaces to nab close to the main drag in Fountain Square, a neighborhood where Fisher and his family’s business, RCA Properties LLC, already owned substantial property.
Homeowners are seeking low-maintenance, party-ready landscaping and lawns
The stuff buyers pack into outdoor living areas varies according to taste. Some opt for outdoor kitchens, though most see the space as a place to chill rather than sling hash. Some spaces are even equipped with outdoor-rated televisions that—allegedly—can stay in the yard year round.
Residential Real Estate: Marketplace Stats for March 29, 2019
The number of active listings in central Indiana—at 5,077 at the end of February—remains low, although it’s 15 percent higher than at the same time a year ago.
Residential Real Estate: Marketplace for August 31, 2018
While the number of homes for sale has crept up through the summer, the available inventory still lags last year significantly.
Retiree goes modern, spare in Fountain Square home
After scouting around the Fountain Square area for an empty lot on which to build, Mike Wright discovered the work of architect Brian Burtch, principal at Neon Architecture.
Residential Real Estate: Marketplace for June 29, 2018
The number of active listings in central Indiana has inched up slightly after dropping to fewer than 5,000 earlier this year.
Home tour: Cottage Home place has cool little carriage house
Bill Pritt, owner of FortyFive Degrees restaurant at College and Massachusetts avenues, has moved from the main house to the apartment above the garage.
Buyers must make good offers quickly to snag homes in sizzling market
An especially low inventory of homes for sale is driving up prices and requiring buyers to take unusual steps to secure the places they want.
Residential Real Estate: Marketplace for March 30, 2018
Pending home sales in the central Indiana dipped 0.7 percent last month compared to the previous year, although prices are up 5.3 percent so far this year, to nearly $194,000.
Custom homebuilder expands to downtown condos
Litz & Eaton Development Co. and its two affiliates have grown from annual revenue of $1 million in 2011, the year residential developer Brad Litz and custom homebuilder John Eaton founded the company, to an expected $40 million this year.
Bricks and beams warm up industrial condo
Jeweler Nick Blum turned the former paint manufacturing plant—which dates to the 1890s—into several upscale condos with industrial details.
Wi-Fi-enabled devices automate more houses
Smart-home products are poised to become a $60 billion global industry, according to research firm MarketsandMarkets. Yet consumers need spend only a few hundred dollars on each item to make their lives more automated.