After a three-month streak of declining numbers, Indianapolis-area builders received a surge of interest from new-house buyers in November and are nearing a 16-year record.
Christel DeHaan home generating big interest from potential buyers, agent says
Based on the early interest in the property, the estate might end up selling above $14 million list price, the listing agent said. Proceeds from the sale will allow the not-for-profit Christel House International to expand its outreach to students in high-poverty areas around the world.Read More
Home of late philanthropist, businesswoman Christel DeHaan on market for $14M
The listing provides a rare glimpse at an Indianapolis estate that sits behind stucco walls topped with terracotta tiles at 4501 N. Michigan Ave.Read More
Sales of Indianapolis-area existing homes see September decline
Sales in central Indiana fell for the second time in three months last month as prices continued to escalate and inventories remained low.Read More
Sales of existing homes in central Indiana fell for the third time in four months in October amid skyrocketing prices and tight inventories.
Host Mason King sat down with McLaughlin to learn how he closed so many sales, what makes his approach different and what he thinks about central Indiana’s red-hot real estate market.
On a year-to-date basis, closed sales in central Indiana are up 6.6%, to 25,349, compared with 23,776 in the first eight months of 2020.
Millions of Americans are getting priced out of ownership or stuck spending the bulk of their income on rent. The S&P CoreLogic Case-Shiller 20-city home price index climbed a record 19.1% in June from a year ago.
So far this year, 6,539 single-family building permits have been filed in the Indianapolis area, up 39% over the first seven months of 2020.
Meanwhile, inventories in the 16-county Indianapolis area remained tight and prices continued to escalate.
The seller’s market in residential real estate grew even stronger in central Indiana in June, with existing homes selling at a faster pace and buyers spending extra to land properties.
The museum has used the the four-bedroom, eight-bathroom Tudor-style home built in 1922 to house its leader. It’s the first time the property has been on the market since the 1930s.
Builders in the nine-county Indianapolis area are seeing their busiest year since 2005 despite soaring lumber prices and snarled supply chains that have made it difficult to get products to complete new homes.
Buyers of existing single-family homes in the 16-county area swooped up available properties at a rapid pace in April, often showing a willingness to pay more than the asking price to secure a purchase.
With the dramatic decrease in available listings, the median price for homes sold in the 16-county area in March rose 8.4%, to $226,500, compared with $208,865 in March 2020.
The median price for homes sold in the 16-county area in February rose 18.9%, to $223,500, compared with $188,500 in February 2020.
Existing single-family homes in central Indiana remained in heavy demand as 2021 got under way, despite the ongoing escalation of prices and shrinking supply of choices.
Central Indiana homebuilders saw another onslaught of interest from buyers in December, adding to their busiest year since before the Great Recession.
Completed home sales in the 16-county area rose in December for the sixth month in a row on a year-over-year basis. Area sales were up 6.4% in 2020 and the median price for a home rose 14.1%.
A great view of the creek, mahogany hardwood floors and beautiful woodworking throughout sets this home built in 1985 apart from the rest.
Completed sales in the 16-county area increased 20.6% in November on a year-over-year basis, according to the latest data from the MIBOR Realtor Association.
The cozy, 4-bedroom house with midcentury modern flair is listed for $650,000 by Kelly Huff of F.C. Tucker Co.-Keystone at the Crossing.