Welcome 2014 and the Arctic Vortex that has rushed in with it! Like us, you are probably fed up with the frigidly cold winter we have had along with the snow, accidents, and seemingly never-ending school delays & cancellations. At this rate, our kids won't get much of a summer as they will be making up snow days into July!
We hope you had a fantastic, relaxing, enjoyable, and fun holiday break. As is customary, we drove down to Tampa, FL to spend the week between Christmas and New Year's with Brigid's family. Although it was cold by Florida standards (low of 40s in the evening), it certainly was better than here!
Jack and Mary Anne were able to see all of their grandchildren on Christmas day and all of the presents they opened. It sure is nice to have family in town to spend holidays together.
As mentioned in last month's newsletter, our new Director of Marketing & Client Service Bob Clidinst continues to shine. We are so fortunate to have him as part of our team. He is fine-tuning systems, adding new ones and is a natural at preparing all of the marketing (we have become known for our extensive marketing for listings throughout the Indy-area) we do for all of our listings. We hope you have a chance to meet Bob soon! His e-mail is Bob@Welcome2Indy.com if you want to drop him a note.
As for the real estate market, it has certainly been somewhat hurt by the weather, to be sure. Some areas are seeing more activity than others. Here are some quick numbers for reference (source: December MIBOR Monthly Indicators Report):
Closed sales are UP 4.3%
Median sales prices are UP 4.8% ($134,900)
Average sales prices are UP 10.5% ($176,622)
% of Original List Price received at sale is UP 2.3% (91.3%)
Months supply of inventory DOWN 19% (4.5 months)
As you can see, our market is still posting some impressive numbers. The forecast for this year is that 2014 will continue to post some strong numbers, but they will be tempered a bit compared to 2013. Interest rates are projected to increase to 5.5% by the end of the year and refinances will all but dry up forcing lenders to relax a bit on lending guidelines, however new laws/rules just went into effect on 1/10/14 limiting how much relaxed lenders can get-not a bad thing!
As always, if you have any questions/comments/concerns at all, please let us know. We are always here to help. Speaking of help, if you have bought, sold, or built a new home with us in the past 3 years and are a member of Angie's List, would you do us a HUGE favor and leave us a positive review? Angie's List is so powerful and we could really use some more good reviews. Thank you for helping!!!
Here's to a warmer and drier February and a great Valentine's Day. Enjoy the SuperBowl, too!!
Click here to read our February Newsletter.
Click here for access to our exclusive coupons & discounts.
Check our our re-designed website: www.Welcome2Indy.com
Your Personal Real Estate Consultants...for Life!
Steve & Jack
We hope you had a fantastic, relaxing, enjoyable, and fun holiday break. As is customary, we drove down to Tampa, FL to spend the week between Christmas and New Year's with Brigid's family. Although it was cold by Florida standards (low of 40s in the evening), it certainly was better than here!
Jack and Mary Anne were able to see all of their grandchildren on Christmas day and all of the presents they opened. It sure is nice to have family in town to spend holidays together.
As mentioned in last month's newsletter, our new Director of Marketing & Client Service Bob Clidinst continues to shine. We are so fortunate to have him as part of our team. He is fine-tuning systems, adding new ones and is a natural at preparing all of the marketing (we have become known for our extensive marketing for listings throughout the Indy-area) we do for all of our listings. We hope you have a chance to meet Bob soon! His e-mail is Bob@Welcome2Indy.com if you want to drop him a note.
As for the real estate market, it has certainly been somewhat hurt by the weather, to be sure. Some areas are seeing more activity than others. Here are some quick numbers for reference (source: December MIBOR Monthly Indicators Report):
Closed sales are UP 4.3%
Median sales prices are UP 4.8% ($134,900)
Average sales prices are UP 10.5% ($176,622)
% of Original List Price received at sale is UP 2.3% (91.3%)
Months supply of inventory DOWN 19% (4.5 months)
As you can see, our market is still posting some impressive numbers. The forecast for this year is that 2014 will continue to post some strong numbers, but they will be tempered a bit compared to 2013. Interest rates are projected to increase to 5.5% by the end of the year and refinances will all but dry up forcing lenders to relax a bit on lending guidelines, however new laws/rules just went into effect on 1/10/14 limiting how much relaxed lenders can get-not a bad thing!
As always, if you have any questions/comments/concerns at all, please let us know. We are always here to help. Speaking of help, if you have bought, sold, or built a new home with us in the past 3 years and are a member of Angie's List, would you do us a HUGE favor and leave us a positive review? Angie's List is so powerful and we could really use some more good reviews. Thank you for helping!!!
Here's to a warmer and drier February and a great Valentine's Day. Enjoy the SuperBowl, too!!
Click here to read our February Newsletter.
Click here for access to our exclusive coupons & discounts.
Check our our re-designed website: www.Welcome2Indy.com
Your Personal Real Estate Consultants...for Life!
Steve & Jack
