Thursday, May 22, 2014

June Steve & Jack's Home News

Welcome warmer weather and the month of May, which is always a race theme in Indy. We have the Pacers in the playoffs and the IMS is busy as usual. Busy time in the city. It also continues to be a very busy time in the real estate market. Many houses (although certainly not all) are selling in under 30-days and with multiple offers. Interest rates continue to drop (one lender quoted me a 4.125% rate today!)

Here are some notable statistics you may find interesting (all are from the April 2014 Monthly Indicators Report, courtesy of MIBOR, comparing April 2013 to April 2014):
• New listings-UP 1.2%
• Pending sales-DOWN 6.8%
• Closed sales-DOWN 8.3%
• Median sales price-UP 4.6% to $136,000
• Average sales price-UP 5.5% to $172,291
• Percent of original list price received at sale-UP 2.3% to 93.7%
• Total active listings available at month end-DOWN 3.3% to 12,349
• Months supply of inventory-DOWN 10.4% to 5.0 months
We are excited for school to be out next week and both girls will enjoy another fun-filled summer with their favorite baby-sitter, Kayla, including a week-long overnight Girl Scout camp for Ana (daddy is a little scared here). Ana only has two more soccer games left in the spring season and has been really playing well. Talia is enjoying swimming still as well as gymnastics, at which she really seems to excel.
Our BIG news is that daddy finally caved and we got a puppy! His name is Duke (Ana's choice after English royalty) Marley (his shelter name) and we adopted him two weeks' ago Sunday from a shelter that rescues dogs from high-kill shelters in southern Indiana. He was with a foster family waiting for his 'forever' family. Apparently, he was waiting for us! He is 3/4 Yellow Lab & 1/4 Shepard and was 7-weeks' old when we adopted him. Daddy had both Ana & Tali sign a contract and talked extensively about the responsibilities of being a pet owner as well as the life-cycle they will most likely see full circle. They both were accepting of my terms and here we are.

Duke, it seems is very intelligent. He is fun and has lots of energy, but, like all puppies likes to nip and chew on everything. We have done our best to quell that as quickly as possible, but it will take time. He is mostly potty-trained, but not entirely. Brigid got him to ring a bell on the door when he has to go out and that has worked great! 5AM seems to be a pretty consistent wake-up call time for him, so we are missing some sleep, but other than that, he is making it through the night.

All-in-all, Duke is a great puppy and Tali, who was afraid of dogs before this, has gotten much better. She still runs when he runs to her, making him run even faster as he thinks she is playing a game with him-quite funny to watch! We are excited that the girls have a life-long friend, protector, & loyal companion who will teach them more than they know and in a different way than we can. We hope they will come to appreciate Duke and all the values and emotions he will instill in them as the newest member of our family.

I'm curious, do you currently have a pet or did you have one growing up? If so, what was the single greatest lesson your pet taught you?

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Steve & Jack Rupp

Sunday, May 04, 2014

May 2014 Steve & Jack's Home News

Welcome, Spring!!

Ahhh, soccer season has begun. It MUST be spring. If you have kids in school activities, you know the spring is extremely busy-sports, Scouts, music, swimming, and that is just the kids. We adults are staring down yard work, including the first cut of the season and spring cleaning. This also means allergy season-ugh!

The last time I wrote this newsletter, we were in Tampa visiting Brigid's parents. We had a great time! If you have never been to the Museum of Science & Industry (MOSI), trust me, you will LOVE it, including the 4-story ropes course. We also made a trip to Naples where we had a blast...and saw more Bentley's, Rolls-Royce's, & Maserati's in my life! Wow!

The real estate market has continued to explode. Here are some numbers from March courtesy of MIBOR, as compared to March 2014 from March 2013:
New listings UP 3.8%
Pending sales DOWN 7.3%
Closed sales DOWN 8.5%
Median Sales Price UP 6.5%
% of Original List Price Received at Sale UP 2.5% to 92.4%
Total Listings DOWN 6.0%
Months Supply of Inventory DOWN 14.9% to 4.7 months

As you can see by the pending and closed sales were definitely impacted by the harsh winter we had, however activity has picked up significantly again.

We hope you are enjoying the beautiful spring weather and are as happy as we are that winter has finally released its grasp. As always, if there is anything we can do for you or anyone you care about, please contact us. We are always happy to help. Here's to Spring!!!

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