Friday, July 03, 2020

July Steve & Jack's Home News

Happy Independence Day weekend!

Welcome to the July edition of Steve & Jack’s Home News!

We truly hope this video message finds you staying safe and healthy and enjoying the summer weather. We hope you stay safe this weekend and enjoy the holiday.

The biggest news is our Team Buyer Specialist Thea Charnas got married on July 20th in Cleveland followed by a honeymoon to Charleston, SC. Her married name is Thea Snelly. She and her husband Michael are excited to start the next chapter of their lives as husband and wife. Please join me in congratulating Thea!

Our Team Marketing Director Patti Bruns is in final preparations to take her real estate exam in a few weeks in Cincinnati after having to reschedule her test in March due to the pandemic. This test is not easy and comes after 120-hours in the classroom. Patti would appreciate your positive thoughts as she prepares for this test. We know she will do great!

Kylie, after being bitten badly by her puppy is all recovered and we are happy she has healed and is back to 100%.

Our entire team is finally back together in the office after 2.5 months working from our homes.

Steve’s family is excited to drive to The Poconos at the end of this month to spend the week with Brigid’s brother and his family. This will be the first trip we take our dog Duke with us, so we are anxious to see how he does with a 10-hour car ride! This trip is the ‘consolation trip’ for our missed trips for spring break to Universal Studios and our summer trip to Italy. We hope to get back to both next year.

Steve’s 10-year old daughter Natalia has made the decision to quit competitive gymnastics after 4 years and transfer her skills to competitive cheer with her ICE cheer team. She will be traveling around the country competing and is so excited! She also completed a 2-week horse camp in Zionsville a few weeks ago and absolutely loved it!

Steve’s 14-year old daughter Anastasia graduated from The Indianapolis Children’s Choir last month after 6-years and will be moving up to their Master Chorale for 10-12 graders. She also will be playing soccer for Guerin High School and has already started practicing with the team. She has quickly learned that high school sports are much harder than grade school! Ana continues to amaze us with her cooking skills with an entirely scratch-made dinner every Sunday. Sometimes her sister helps as her Sous Chef. We have been so very impressed with her skill and dedication. Our favorite so far has been Bavarian pretzels and a marinated steak with grilled peaches smothered in melted butter and brown sugar finished with home made peppermint patties. Yum!

We have been asked about the real estate market a LOT lately. Bottom line: we are in the strongest sellers’ market in history. There is only 1.3 months of inventory right now, which is almost like saying our unemployment rate is 1/2%. A balanced market is 6-months of inventory. We need more listings…badly. There are TONS of buyers begging for houses to buy. Interest rates are at historic lows of 2.875% for a 30-year fixed conventional mortgage. Homes are selling faster than ever before for more than ever before. There has NEVER been a better time to sell your house than right now. Period. If you are staying put for awhile and you have a mortgage and you haven’t recently looked into refinancing, please call or e-mail me for some names of some great local lenders who will tell you if refinancing makes sense for you or not. We have seen client save hundreds of dollars/month by doing so.

Here are some stats from MIBOR comparing May 2020 to April 2020:
Median Sales Price-$215,000-UP 2.4%
Closed Sales-2,703 units-UP 5.1%
New Listings-3,744 units-UP 32.7%
Pending Sales-4,054 units-UP 46.2%
Days on Market-38 days-UP 2.7%
Price/s.f.-$121-UP 0.8%
% of Ask Received-97.9%-DOWN 0.4%
Active Inventory-3,563 units-DOWN 10.8%
Absorption Rate-1.3 months-DOWN 18.8%

Look at the new listings and pending numbers. Those are HUGE!! You can see we are recovering from the pandemic VERY fast and we expect this to continue into the fall months. Please call us at 317-573-1880 or e-mail at Steve@Welcome2Indy.com to see what your house is worth today. We will be happy to provide you with a market valuation specific to your house and help you navigate this crazy market to craft a personalized plan to get you from where you are to where you want to go.

We are so excited to go back to live Happy Hours in July!!! Please join us on Thursday, July 16th from 5-6:30pm at Matt The Miller’s in Carmel. As always, drinks and appetizers are on us. You bring the conversation and fun!!! Bring a friend or significant other!

Also on Thursday, July 16th, we are bringing back our FREE Shred Day. Our last one was more successful than we ever dreamed with over 400 cars coming through!!! Come by our office from 10AM-noon. Bring any documents you want safely and securely shredded or electronics you want recycled. Trucks will be there to safely handle those items on-site. You don’t even have to get out of your car. We come to you and take what you have from your car and you drive off. This is a small way for us to say thank you to our valued clients and referral partners.

If you made it this far, thank you for reading!! Know we are grateful to you for your trust and loyalty. Please continue to introduce us to the next person you know who is thinking about buying, selling, or building a new home. We would love to help them!

Happy Independence Day weekend!!!

Click here to watch a video message from Steve
Click here to read our July newsletter
Click here to download our brand new real estate app...the most powerful on the market
Click here to access coupons and discount at places you shop and eat every day
Click here to watch a 1-minute video market update
Click here to see what our clients are saying about us

Your Friends in Real Estate,

Steve, Kylie, Thea, & Patti

P.S. Please don't keep us a secret...