Hendricks County, IN Real Estate News

By Shannon Thomas, Managing Broker, E-Pro, ABR,SRS, SFR
(Selling Indy Metro, LLC)
Open House Brownsburg 2418 Kilmurray DrBrownsburg, In Sunday March 18th and March 25th1-3 PM More Information click here 
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By Shannon Thomas, Managing Broker, E-Pro, ABR,SRS, SFR
(Selling Indy Metro, LLC)
Avon Indiana Open House Sunday August 6th and August 13th 1-3Gorgeous Avon Indiana 4 Bedroom 3.5 bath with 3.5 Car Garage with finished basement. Check Out this gorgeous home:Link to Virtual Tour Below:Avon Indiana Open House  
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By Mike Schmidt, Buy, sell and invest Indy real estate
(Schmidt Realty Group)
Leasing vs. Buying a Home in Brownsburg, IndianaOK, I just can't help myself. I am obsessed with statistics, as you well know if you've ready any of my blog posts here. This is a comparison I've been wanting to do for a while. I've known that for many years, leasing a home (not apartment) in Brownsburg on its face costs more than buying. I wanted to see if I could determine just how much.Yes, there are many factors to consider when comparing these two things. I also routinely point to one of my favorite saying when it comes to statistics:"If you torture the data long enough, it will confess to anything." -Ronald CoaseHaving said that, I would like to present a couple of graphs I created based on our local market. It probably over-simplifies things, but you should get the general idea of...
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By Mike Schmidt, Buy, sell and invest Indy real estate
(Schmidt Realty Group)
Lots and New Home Builds - BrownsburgAfter my post a few days ago about the inventory free-fall in our area, I got a comment asking about the number of lots for sale here, and how that might be another good indicator of choice for home buyers. There is some data in the BLC regarding lot and new home sales, but you have to keep in mind that not all new construction or lot sales are reported. Many of these sales happen outside of the BLC. With this in mind, however, I was able to pull what data is available. This should give a pretty decent overview of new construction activity here. Check out these graphs:      Considering having your next home built in Brownsburg or the surrounding area? Be sure to have a REALTOR® on your side. Remember, the home builder's sales rep works for the builde...
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By Mike Schmidt, Buy, sell and invest Indy real estate
(Schmidt Realty Group)
Inventory Free-Fall Continues in Hendricks CountyI've compiled data on the number of active existing homes for sale in the six Hendricks County school districts that show an increasing lack of inventory from which home buyers can choose. The numbers are pretty startling. Take a look at this graph: Across the school districts, the number of homes for sale has fallen an average of 59% since 2006, and over 26% since just August of last year.Here's the kicker - In this same period, average sale price has increased twenty percent since 2006 - this includes the housing bubble years (and its popping).And get this: in just the past twelve months, average sale price has increased an astounding nine percent. To say the market has come back is an understatement.Will this last? I don't tend to thin...
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By Mike Schmidt, Buy, sell and invest Indy real estate
(Schmidt Realty Group)
2016 Hendricks Co. Tax Assessments OutYesterday, I received in the mail a "Notice of Assessment of Land and Structures/Improvements for my home in Brownsburg. These are being sent out across Hendricks County, IN to indicate increases or decreases in assessed value for property tax purposes. It is interesting to see how the tightened market over the past year or so has impacted values. My home, for instance, increased 4.5% in total assessed value, from $197,400 to $206,600. In Indiana, property taxes for owner-occupied homes are capped at 1% of assessed value, meaning the property taxes which will be due on my home will go up to $2,066. Also, in Indiana, taxes are collected in arrears, semi-annually. What this means is that taxes are collected in May and November of each year. Taxes due ...
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By Mike Schmidt, Buy, sell and invest Indy real estate
(Schmidt Realty Group)
Avon, Indiana Real Estate Stats - June 2016In the past few weeks I've taken a look at the Brownsburg and Zionsville markets, and now it's time to check in on Avon. Data encompasses the entire Avon Community School Corporation district and for purposes of this report, includes resale homes only (no new construction).Here is the year-over-year results, comparing June 2015 to June 2016:   June 2015 June 2016 Total Homes Sold 109 124 # Distressed Sales 7 10 Average Sale Price $179,186 $185,366 Average List Price to Sale Price Ratio 98.3% 98.8% Average Days on Market   61 57  And month-over-month, comparing May 2016 to June 2016:   May 2016 June 2016 Total Homes Sold 100 124 # Distressed Sales 8 10 Average Sale Price $205,054 $185,366 Average List Price to Sale Price Ratio 99.0% 98.8% Averag...
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By Mike Schmidt, Buy, sell and invest Indy real estate
(Schmidt Realty Group)
Brownsburg, Indiana Real Estate Stats - June 2016How is the market in our corner of Metropolitan Indianapolis? Data encompasses the entire Brownsburg Community School Corporation district and for purposes of this report, includes resale homes only (no new construction).Here is the year-over-year results, comparing June 2015 to June 2016:   June 2015 June 2016 Total Homes Sold 108 120 # Distressed Sales 3 8 Average Sale Price $195,855 $231,976 Average List Price to Sale Price Ratio 98.4% 99.0% Average Days on Market 54 47  And month-over-month, comparing May 2016 to June 2016:   May 2016 June 2016 Total Homes Sold 112 120 # Distressed Sales 6 8 Average Sale Price $183,981 $231,976 Average List Price to Sale Price Ratio 100.0% 99.0% Average Days on Market 61 47  Here is the current status...
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By Mike Schmidt, Buy, sell and invest Indy real estate
(Schmidt Realty Group)
 Well, that’s a bit of a misnomer. Unless you reside along the shore of one of Metro Indy’s three reservoirs, pickin’s here are pretty slim. In fact, most lakes in these parts are between five and fifteen acres in size and look a lot like this:Something that often seems to confuse real estate agents around here is what the difference is between a lake and a retention pond. For local purposes, a body of water that follows the geographic contour of an area, and could be natural or man-made, by damming a stream (as shown in the picture below to the left) is a lake. A retention pond might be natural, but most here are of the man-made variety as a result of creating subdivisions (below right).  Living on a retention pond is not the same thing as living on a lake. I repeat: LIVING ON A RETENT...
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By Shannon Thomas, Managing Broker, E-Pro, ABR,SRS, SFR
(Selling Indy Metro, LLC)
Homes for Sale in the Oakbend Estates Neighborhood Avon InPeople live here in this quiet upscale community for its well manicured attractive lawns, friendly people, quality workmanship and the close proximity to retail stores, shopping centers, schools, recreation and much more. Downtown Indianapolis, 465 are all easy commutes from this great Avon Indiana neighborhood. Oakbend Estates is a beautiful neighborhood with comfortable, appealing wide streets, established neighborhood with mature trees and beautiful homes. The homes range  generally in price from $250k-$550k and is a custom home community.Would you like to live in Oakbend Estates?Search for Avon Indiana Oakbend Estates homes for sale homes for sale in the Oakbend Estates Neighborhood of Avon Indiana? Click that link to find a...
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By Rodney Heard, Results that move you!
(Heard Real Estate Team)
It’s the perpetual ebb and flow. Sometimes the popularity of investment properties in Avon begins to rise, sending them toward the head of the pack against rival investment ideas. A local investment property’s basic allure has always been its unique attribute as the most “real” of real goods (investment property is pretty close to the very definition of the word ‘substantial’). But as a haven for capital, its place in the pecking order of investment ideas depends a lot on the performance of the competition—especially stocks and bonds.  When the predicted long term returns from the stock market begin to look lackluster, or if market factors begin to seem more volatile than usual, investment property gains in comparison. When the uncertainty gauge starts twitching upward—and that seems to...
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By Rodney Heard, Results that move you!
(Heard Real Estate Team)
You’re about to close a deal to become a tenant in Brownsburg. The landlord seems like a straight shooter and the place is a joy: immaculate and welcoming. Now all that’s left is to wait for the landlord’s okay after an evaluation of you as the new Brownsburg tenant, right?  Well, not quite. Just as the landlord should check financial or job references as part of their due diligence, you have some to perform for your own benefit. It’s up to you to assess the landlord’s system to determine whether this rental arrangement is the good fit you hope it is. Only by asking pertinent questions can you decide whether the landlord’s management style and expectations align with your needs. 1. Do you offer emergency maintenance services? When a plumbing leak becomes uncontrollable or the heater goe...
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By Shannon Thomas, Managing Broker, E-Pro, ABR,SRS, SFR
(Selling Indy Metro, LLC)
Along with Indiana Home Ownership comes certain homeowner Exterior maintenance tasks that should be done on a regular bases.  Taking care of maintenence as they come along will prolong the life of your home, help to keep disasters from happening and help to make a less stressful sell of your home in the future.  Regular Exterior maintenance helps to keep you the home owner from being stressed out all at once.  Funds for known maintenance can be budgeted into your yearly budget.  There can always be surprises but regular maintenance can definitely keep surprise home owner costs down.  So what are some of the Fall and Winter Tasks that should be on your list?   Below are some ideas to help you make your Fall and Winter Exterior Task lists.  1.  Clean the gutters at least 2 times a year. I...
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By Rodney Heard, Results that move you!
(Heard Real Estate Team)
    Welcome to your new lifestyle! Golf Course living is calling your name. Your new home has been meticulously maintained by the original owner. Condo features 3 bedrooms, 2 full baths, master suite, loft, sun room full of natural light and vaulted ceilings for an open feel. Easily access deck from sun room or master suite to enjoy your view of the 8th fairway. Curb appeal is enhanced with extensive plush landscape. Irrigation for low maintenance. Just relax or schedule a tee time! Click here for more information: http://www.indyhomehunter.com/homes/7748-Quail-Creek-Trace/Pittsboro/IN/46167/42889589/ RodneyHeard HeardRealEstateTeam 8555N River RdSuite200 IndianapolisIN 46240 317-800-5537 rodney@heardrealestateteam.com
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By Rodney Heard, Results that move you!
(Heard Real Estate Team)
Local homeowners are among the keenest observers of Avon mortgage rates because they are such a large factor in the long-term investment that is their house. It’s the factor that determines if and when refinancing makes sense; the factor that plays a large part in heating (or cooling) the overall local real estate market. For the most part, home buyers simply accept the mortgage rate in Avon that happens to be currently offered when they decide buy a home. The timing of their purchase is generally triggered by their own financial fortunes, or when the right home comes along, or when some outside circumstance forces them to find new digs—or any of a dozen reasons other than the current mortgage rates. If they even consider how Avon mortgage rates come into play, they may look to financi...
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By Rodney Heard, Results that move you!
(Heard Real Estate Team)
  When the American Institute of Architects reports on emerging trends, sooner or later they’ll be showing up in the Brownsburg listings. That’s been true of one trend the AIA started reporting in 2010: the move to ever-larger square footages. But now a more interesting finding is developing. It’s one of the principal findings in the AIA’s 2014 Home Design Trends Survey—one that falls into the category of “emerging home characteristics”—one likely to become more commonplace in coming years. Combining several different attributes, it is best summarized by the single term “accessibility.” “Residential architects report that the most significant trend in home layouts is improving accessibility,” writes Kermit Baker, the AIA’s Chief Economist. With a large segment of the population reachin...
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By Mike Woods
(M.S.WOODS REAL ESTATE, LLC)
May property sales were 73, down 7.6% from 79 in May of 2013 and 62.2% higher than the 45 sales last month. Current Inventory (For Sale) Versus last year, the total number of homes available this month is lower by 64 units of 27.7%. This year’s smaller inventory means that buyers who waited to buy may have smaller selection to choose from. The number of current inventory is up 6.4% compared to the previous month. Property Under Contract (Pended)There was a decrease of 19.7% in the pended properties in May, with 57 properties versus 71 last month. This month’s pended property sales were 36% lower than at this time last year. Read the full report here. 
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By Mike Woods
(M.S.WOODS REAL ESTATE, LLC)
  May property sales were 81, down 17.3% from 98 in May of 2013 and 6.6% higher than the 76 sales last month. Current Inventory (For Sale)Versus last year, the total number of homes available this month is lower by 9 units of 3.1%. This year’s smaller inventory means that buyers who waited to buy may have smaller selection to choose from. The number of current inventory is up 12.8% compared to the previous month. Property Under Contract (Pended)There was a decrease of 10.1% in the pended properties in May, with 62 properties versus 69 last month. This month’s pended property sales were 6.1% lower than at this time last year.
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By Shannon Thomas, Managing Broker, E-Pro, ABR,SRS, SFR
(Selling Indy Metro, LLC)
  Its amazing what comes up in Real Estate that us Realtors have to mediate to get to close. My buyer from Alaska has a contract on their home there and has an accepted offer on a home in Brownsburg Indiana.  They were to close in Alaska on the 27th and here in Indiana on the 28th.  My buyer had told his Realtor there that he needed to close early and was told that it shouldn't be a problem.  He had called a week ago and said that he thought they might close on the 21st but then called a couple of days ago in a panic and said his Realtor had called and they wouldn't be able to close on the 27th. and as of now they don't have a closing date.  I called the title company in Alaska and it turns out they have different rules to fund.  In Alaska they don't fund til the next business day after...
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By Chris Castetter, Team Leader, First Vice President
(F.C. Tucker Company)
When you list your home for sale with The Castetter Group, here is what you can expect. "Great Communication!"  ·   Your property will submitted in the BLC (Broker Listing Cooperative). This means that information about your home will be immediately available to every real estate agent in the Indianapolis & Hendricks County areas subscribing to our BLC system. If an agent is actively searching for a listing with the special features that your home provides, it is conceivable that your property will be shown within a few days or possibly the first day. However, sometimes the market moves slower, so don’t be alarmed if we don’t get a showing immediately.   ·   Please understand that sometimes agents cannot be at your property at the time they have stated.  Sometimes their customer is late...
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