Home prices keep rising but experts say there’s no bubble in sight
“Our area’s price points are not out of control” like other parts of the country, said Rachel Burt, a broker with F.C. Tucker.
Residential Real Estate
Articles
Sales of existing homes fall for sixth straight month in central Indiana
On a year-to-date basis, closed sales of existing homes in the 16-county Indianapolis area are down 3%, to 12,731.
Weather still dampening central Indiana home construction
Applications for home construction fell 1% in central Indiana in May, marking the sixth straight month of declining permit filings.
Developer plans to raze homes in Fishers for $29M apartment project
The Fishers City Council on Monday night approved a development agreement between the city and Indianapolis-based Scannell Properties, which has 14 residential parcels under contract south of the Nickel Plate District.
TWG seeks tax break for $26M apartment project at old IPS site
TWG Development could save $1.4 million on the 188-unit Wesmont, named after jazz guitar legend Wes Montgomery. It’s part of the company’s larger redevelopment project south of East 16th Street and east of the Monon Trail.
Amazon’s HQ2 already making northern Virginia’s housing prices skyrocket
Real estate agents and local economists said inventories are so sparse that some popular ZIP codes in Arlington and Alexandria show no homes for sale at all.
First Merchants Bank settles federal lawsuit alleging redlining
According to the complaint, First Merchants “engaged in unlawful redlining in Indianapolis by intentionally avoiding predominantly African-American neighborhoods because of the race of the people living in those neighborhoods.”
Developer buying homes in Fishers neighborhood for new project
A Carmel-based developer has reached agreements to acquire 14 homes in a neighborhood along busy 116th Street in Fishers and is planning to redevelop the land.
Kite, Milhaus detail plans for 7-building apartment complex in Glendale
The two local developers said they hope to start work on a 267-unit apartment project in Glendale Town Center’s parking lot by the end of this year.
Zionsville Town Council rejects controversial apartment proposal
The Zionsville Town Council voted 4-3 Monday night to reject a 184-unit apartment project proposed just south of the town’s quaint downtown village. A vote on the project ended in a deadlock a month ago.
HAND plans affordable senior housing project in Tipton
Hamilton County Area Neighborhood Development plans to build it first project in Tipton and only its second outside of Hamilton County.
Developer investing $30M to buy, rehab Nora apartment complex
The 254-unit Nora Pines would be renamed but remain affordable housing. TWG Development is asking the city to issue $17.6 million in bonds for the project, which the developer would be responsible for repaying.
Sales of existing homes fall for fifth straight month in central Indiana
On a year-to-date basis, sales of existing single-family homes are down 3.8 percent in the area, to 9,249.
Ambrose partners with Glick as part of $200M first phase at Waterside development
Ambrose partners with Glick as part of $200M first phase at Waterside development
Carmel to take legal action against Lucas Estate in party controversy
Forrest and Charlotte Lucas have continued to host not-for-profit events and what they say are private weddings at their West 116th Street property, despite being turned down for a zoning variance by the Carmel Board of Zoning Appeals in 2017.
Local real estate firms lead $5M investment in internet provider Xiber
Milhaus CEO Tadd Miller said his firm, which is also a Xiber customer, decided to invest in the company because of demands from his clients for the services Xiber offers, such as home automation.
Prime site near Keystone, 96th Street interchange hits market for nearly $10M
The 18.1-acre parcel is one of the few remaining undeveloped sites of significant size on Indianapolis’ northern edge. Although it’s bordered by homes, local brokers foresee commercial development.
Kite, Milhaus planning 7-building apartment complex next to Glendale
Indianapolis-based mall owner Kite Realty Group Trust this month filed a request with the Marion County Board of Zoning Appeals to change zoning for some of the parking lots just east of the shopping center.
City files eminent domain suit to acquire, demolish Oaktree Apartments
The city of Indianapolis has called the 19-acre property southeast of the intersection of 42nd Street and Post Road a “threat to public health, safety and welfare.”
Central Indiana homebuilders see permit skid reach five months
Applications for single-family construction permits in the nine-county area are down 12 percent so far this year.