Merry Christmas & Happy New Year!
We hope this newsletter finds you well and enjoying or about to enjoy a much-needed break for the holidays with friends and family. Although this time of year can be especially stressful for parents with young children scurrying around trying to find last-minute presents, we hope you are able to take a breath and enjoy the magic of the season.
Speaking of magic, our family took the driving tour through the lights at the Indianapolis Motor Speedway. It was fantastic!! With over 2 million lights on display, it is another spectacle in racing! On Saturday, we will participate in a Candlelight Dinner and Candlelight Walk at Conner Prairie with Brigid's parents who are visiting from St. Pete, FL. Our Christmas Eve will be spent at my sister Michelle's house and then to church. Christmas Day dinner is always spent with Brigid's extended family at her aunt and uncle's house here in Indy where we will have about 30 people exchanging presents and sharing a meal. It is quite the event!!
What are some of your holiday traditions??
As for our girls, Ana just finished her most intensive week with the Indianapolis Children's Choir and their holiday performances at St. Luke's church. She practiced or performed all but one day last week. The concert was nothing short of stunning and we invite you to watch it around noon on Christmas Day on WTHR Channel 13. The program is The Angels' Sing. You won't be disappointed. We are grateful to be able to participate in this annual tradition especially knowing all of the hard work that went into it. Those kiddos work incredibly hard for months for that performance. It definitely shows. Let us know what you think of it.
Tali had her first gymnastics meet of the season last weekend as well. It was her best one yet as she placed first on floor and 3rd overall. She was so excited to be on the podium!
Mary Anne just was cleared by the doctor to have her knee replacement surgery in January, so please say a prayer or two for her for a successful operation and recovery. We very much look forward to her being more mobile and not in pain.
Kylie is looking forward to her first Christmas with her baby Jackson and his big brother Trey as well as some much-deserved time off!
As for the real estate market, it is at an all-time low for inventory and this has been one of our busiest Decembers in memory. Check out the stats from MIBOR below comparing November 2017 to November 2016:
New listings: DOWN 5.5% to 2,593 units
Pending sales: UP 12% to 2,378 units
Closed sales: UP 6.3% to 2,817 units
Median sales price: UP 8.5% to $164,900
Average sales price: UP 4.5% to $200,658
Percent of original price received at sale: UP 0.4% to 94.8%
Total active listings available at month end: DOWN 18.9% to 8,311 units
Months supply of inventory/absorption rate: DOWN 22.9% to 2.7 months
As you can see, we are less than 50% of a balanced market of 6 months for housing inventory. It will likely get worse before it gets better. So, if you are a homeowner, it is very likely you are experiencing some very nice appreciation right now. :-)
Enjoy the January newsletter with some fun new factoids and articles here.
Click here for a new addition, which is the market data and recap. Very cool!
Click here if you want to save money on products and services you use every day.
Click here to get the most powerful real estate app available.
We hope you will join us for our next Happy Hour at Matt The Miller's on Wednesday, January 17th from 5-6:30PM.
From our family to yours, we sincerely wish you a Merry Christmas and Happy New Year!
Your Friends in Real Estate,
Steve, Jack, & Kylie
We hope this newsletter finds you well and enjoying or about to enjoy a much-needed break for the holidays with friends and family. Although this time of year can be especially stressful for parents with young children scurrying around trying to find last-minute presents, we hope you are able to take a breath and enjoy the magic of the season.
Speaking of magic, our family took the driving tour through the lights at the Indianapolis Motor Speedway. It was fantastic!! With over 2 million lights on display, it is another spectacle in racing! On Saturday, we will participate in a Candlelight Dinner and Candlelight Walk at Conner Prairie with Brigid's parents who are visiting from St. Pete, FL. Our Christmas Eve will be spent at my sister Michelle's house and then to church. Christmas Day dinner is always spent with Brigid's extended family at her aunt and uncle's house here in Indy where we will have about 30 people exchanging presents and sharing a meal. It is quite the event!!
What are some of your holiday traditions??
As for our girls, Ana just finished her most intensive week with the Indianapolis Children's Choir and their holiday performances at St. Luke's church. She practiced or performed all but one day last week. The concert was nothing short of stunning and we invite you to watch it around noon on Christmas Day on WTHR Channel 13. The program is The Angels' Sing. You won't be disappointed. We are grateful to be able to participate in this annual tradition especially knowing all of the hard work that went into it. Those kiddos work incredibly hard for months for that performance. It definitely shows. Let us know what you think of it.
Tali had her first gymnastics meet of the season last weekend as well. It was her best one yet as she placed first on floor and 3rd overall. She was so excited to be on the podium!
Mary Anne just was cleared by the doctor to have her knee replacement surgery in January, so please say a prayer or two for her for a successful operation and recovery. We very much look forward to her being more mobile and not in pain.
Kylie is looking forward to her first Christmas with her baby Jackson and his big brother Trey as well as some much-deserved time off!
As for the real estate market, it is at an all-time low for inventory and this has been one of our busiest Decembers in memory. Check out the stats from MIBOR below comparing November 2017 to November 2016:
New listings: DOWN 5.5% to 2,593 units
Pending sales: UP 12% to 2,378 units
Closed sales: UP 6.3% to 2,817 units
Median sales price: UP 8.5% to $164,900
Average sales price: UP 4.5% to $200,658
Percent of original price received at sale: UP 0.4% to 94.8%
Total active listings available at month end: DOWN 18.9% to 8,311 units
Months supply of inventory/absorption rate: DOWN 22.9% to 2.7 months
As you can see, we are less than 50% of a balanced market of 6 months for housing inventory. It will likely get worse before it gets better. So, if you are a homeowner, it is very likely you are experiencing some very nice appreciation right now. :-)
Enjoy the January newsletter with some fun new factoids and articles here.
Click here for a new addition, which is the market data and recap. Very cool!
Click here if you want to save money on products and services you use every day.
Click here to get the most powerful real estate app available.
We hope you will join us for our next Happy Hour at Matt The Miller's on Wednesday, January 17th from 5-6:30PM.
From our family to yours, we sincerely wish you a Merry Christmas and Happy New Year!
Your Friends in Real Estate,
Steve, Jack, & Kylie
