Can you believe school is back in session and summer has unofficially ended for our kiddos? It seems the older we get, the faster summer goes. Of course, for some parents, the first day of school can't get here soon enough! We hope you had fun this summer and enjoyed some outdoor activities. With our mild weather, it made it much more comfortable.
Did you watch the solar eclipse? Were you able to find some glasses? We stayed in Indy and our kids watched it at school. While the whole eclipse is fascinating, frankly I found it pretty boring. Unless you were in the total eclipse area where it turned dark in the middle of the day, it just didn't do much for me. Our kids felt the same way. Seven years and we will get to see a total eclipse here in Indy.
Jack and Mary Anne are back from their 16-day European adventure!! They had a great time and enjoyed Paris, Normandy and their Seine River cruise. They saw so much countryside and Mary Anne enjoyed speaking French with the locals. A trip-of-a-lifetime, to be sure. Mary Anne received some bad news lately that she has to have yet another surgery to repair another hernia as well as needing a full knee replacement on the left knee. This has been a rough 12-months for her and we pray it will be easier after this knee procedure.
Kylie is still doing amazing at work and so are both of her kids. Her infant Jackson is crawling now, so she has to keep an even closer eye on him. Childcare has been going well, too.
Steve & Brigid are trying to settle back into the school routine. Ana is in 7th grade, which means she started at the Middle School this year. It has been a tough transition, but she is handling it well. She will be continuing to play trumpet in the band and they have a trip to St. Louis in the spring along with other performances. Couple this with her Indianapolis Children's Choir and their many performances and practice schedule and she is a busy young lady! She will find out soon if she is selected to travel to Europe and sing for 4-weeks with her choir from Blue Lake where she went for 12-days this summer. 2,500 kids applied and only 200 are chosen, so the competition is fierce. Unfortunately, that is at the same time as her tour to Canada with the Indianapolis Children's Choir, so choices will have to be made, but I think Europe will win out, if she is chosen. Tali is doing very well in 2nd grade and she loves her teacher. She is still doing gymnastics 3-days/week 2 hours/day and is preparing for competition season. She loves every minute of it!!
As for the real estate market, it has definitely cooled since the 4th of July. It is still a great market, but houses are not selling quite as fast as they used to. Median sales price is down a tad from last month, new listings are down from last month and % of list price to sales price is trending down a bit as well. Inventory has ticked up 0.1% each of the last 3 months, but we are still extremely low at 3.2 months.
If you are planning to sell, NOW is the time to do it. The market is still good and the interest rates are down below 4% again. See below from MIBOR comparing July 2017 to July 2016 numbers:
New Listings-DOWN 2.6% to 4,143 units
Pending Sales-UP 5.7% to 3,014 units
Closed Sales-DOWN 0.9% to 3,461 units
Median Sales Price-UP 6.7% to $169,500
Average Sales Price-UP 7.9% to $209,227
% of Original List Price Received at Sale-UP 0.6% to 96.3%
Total Active Listings Available at Month End-DOWN 15.4% to 9,625 units
Months Supply of Inventory/Absorption Rate-DOWN 20.0% to 3.2 months
As you can see, we are still looking good, but expect to see the market continue to soften, as it usually does around this time of the year. We usually see pretty good activity until around November 1st or shortly thereafter, depending on weather.
Enjoy this month's newsletter! It contains some words of wisdom from the Oracle of Omaha, Warren Buffett.
Click here for the September newsletter.
Click here to access coupons and discounts for places your shop every day.
Click here for the most powerful real estate app available.
Your friends in real estate,
Steve, Jack, & Kylie
Did you watch the solar eclipse? Were you able to find some glasses? We stayed in Indy and our kids watched it at school. While the whole eclipse is fascinating, frankly I found it pretty boring. Unless you were in the total eclipse area where it turned dark in the middle of the day, it just didn't do much for me. Our kids felt the same way. Seven years and we will get to see a total eclipse here in Indy.
Jack and Mary Anne are back from their 16-day European adventure!! They had a great time and enjoyed Paris, Normandy and their Seine River cruise. They saw so much countryside and Mary Anne enjoyed speaking French with the locals. A trip-of-a-lifetime, to be sure. Mary Anne received some bad news lately that she has to have yet another surgery to repair another hernia as well as needing a full knee replacement on the left knee. This has been a rough 12-months for her and we pray it will be easier after this knee procedure.
Kylie is still doing amazing at work and so are both of her kids. Her infant Jackson is crawling now, so she has to keep an even closer eye on him. Childcare has been going well, too.
Steve & Brigid are trying to settle back into the school routine. Ana is in 7th grade, which means she started at the Middle School this year. It has been a tough transition, but she is handling it well. She will be continuing to play trumpet in the band and they have a trip to St. Louis in the spring along with other performances. Couple this with her Indianapolis Children's Choir and their many performances and practice schedule and she is a busy young lady! She will find out soon if she is selected to travel to Europe and sing for 4-weeks with her choir from Blue Lake where she went for 12-days this summer. 2,500 kids applied and only 200 are chosen, so the competition is fierce. Unfortunately, that is at the same time as her tour to Canada with the Indianapolis Children's Choir, so choices will have to be made, but I think Europe will win out, if she is chosen. Tali is doing very well in 2nd grade and she loves her teacher. She is still doing gymnastics 3-days/week 2 hours/day and is preparing for competition season. She loves every minute of it!!
As for the real estate market, it has definitely cooled since the 4th of July. It is still a great market, but houses are not selling quite as fast as they used to. Median sales price is down a tad from last month, new listings are down from last month and % of list price to sales price is trending down a bit as well. Inventory has ticked up 0.1% each of the last 3 months, but we are still extremely low at 3.2 months.
If you are planning to sell, NOW is the time to do it. The market is still good and the interest rates are down below 4% again. See below from MIBOR comparing July 2017 to July 2016 numbers:
New Listings-DOWN 2.6% to 4,143 units
Pending Sales-UP 5.7% to 3,014 units
Closed Sales-DOWN 0.9% to 3,461 units
Median Sales Price-UP 6.7% to $169,500
Average Sales Price-UP 7.9% to $209,227
% of Original List Price Received at Sale-UP 0.6% to 96.3%
Total Active Listings Available at Month End-DOWN 15.4% to 9,625 units
Months Supply of Inventory/Absorption Rate-DOWN 20.0% to 3.2 months
As you can see, we are still looking good, but expect to see the market continue to soften, as it usually does around this time of the year. We usually see pretty good activity until around November 1st or shortly thereafter, depending on weather.
Enjoy this month's newsletter! It contains some words of wisdom from the Oracle of Omaha, Warren Buffett.
Click here for the September newsletter.
Click here to access coupons and discounts for places your shop every day.
Click here for the most powerful real estate app available.
Your friends in real estate,
Steve, Jack, & Kylie
