Welcome, fall! We have certainly seen the temperatures cool and the leaves change. While this is a beautiful time of the year, allergy sufferers and those not enjoying the cold weather that follows aren’t quite as happy. We certainly hope you are able to take some time to enjoy the fall colors as well as football. I write this month’s newsletter sitting in the Tampa airport at the end of Fall Break. We took a very short trip to St. Pete to visit Brigid’s parents whom we haven’t seen in almost a year. It was nice to get away and enjoy some sun, pool time, and just relax and get a change of scenery. It definitely is good medicine after this year!
Ana continues to do well at Guerin, but misses soccer. Her varsity team made it to the State Championship and they play on Halloween. Tali is preparing for her first competitive cheer competition in a couple of weeks. We are anxious to experience our first cheer competition as parents. Brigid has finally been able to get out of the house and start making her calls again. She is happy to be able to get out again!
Jack and Mary Anne are staying home for the next several months and are enjoying relaxing and having the girls over to visit. Kylie is actively working on remodeling her house and dealing with the disruption that entails. She also celebrated a birthday this past week and our team enjoyed spoiling her for the day. Patti celebrated her 1-year wedding anniversary last week and spent the weekend enjoying some fun activities with Ron. Thea and her husband Michael are getting settled into their new home and welcomed their parents to visit this past weekend.
Thank you to everyone for attending our October Happy Hour! We had another great turnout and enjoyed re-connecting with so many friends and clients. Thank you to Genan Kirby at Indiana Members Credit Union for sponsoring the October Happy Hour. If you are looking for a change in your financial services provider, give Genan a call. You will enjoy outstanding service!! Her number is 317-508-4264. We hope you can join us for our November Happy Hour on Thursday, November 19th from 5-6:30pm at Matt The Miller’s again. We would love to see you!!! Our sponsor for November is Lazar Insurance. They have been one of our top VIP Insurance Partners for many years and we highly recommend them. Their coverage is top-notch and so is their service. Their premiums are very competitive. Give Jeff a call at 317-867-1303 and tell him I sent you.
Many of you participate in our Annual Cookies with Santa. Due to COVID, we aren’t able to do that this year, however we will be doing a ‘visit’ to the North Pole at our office on Sunday, November 22nd from 11AM-3PM. Watch your inbox and mailbox for more details on how to register. We hope you can make it!!
You should have received a Save The Date card in the mail by now for Tuesday, November 24th. Unfortunately, due to the current health situation, we are not able to continue our movie event, so we have created a new event that we hope you will enjoy. You will like what we have planned…and it will also benefit those less fortunate as well as a small, family-owned local business. We thought long and hard on what to do this year and believe we found a great event to say ‘Thank You!’ for inviting us to help you as well as giving back to the community. Watch your mailbox and e-mail for more details in the next week.
Real estate has slowed just a bit ahead of this contentious election, which was to be expected. It is still HOT and many houses are still flying off the market, but many are not selling quite as fast as they used to. While this year is anything but normal and we don’t know what tomorrow will bring, let alone this winter, if the real estate market follows the typical post-presidential election pattern, we will see a busier-than-usual winter real estate market. Interest rates for a 30-year fixed conventional mortgage are still under 3%. If you are not moving anytime soon and haven’t looked into refinancing, give us a call. We have some awesome lenders who will be happy to help guide you in the right direction and advise you if it makes sense to re-finance or not. If you are considering moving, give us a call. We would be happy to consult with you about your options.
If you are interested in attending a short class on preparing your house for sale, send me an e-mail at steve@Welcome2Indy.com and we will get you registered. It is on Tuesday, November 10th from 7-8pm. You will learn tips, tricks, and hacks to maximize your resale value.
Our housing inventory is still exceedingly low, although it ticked up 1/10th of a point to 0.9 months. Here are some stats comparing September 2020 to August 2020.
Median Sales Price DOWN 1.3% to $225,000
Closed Sales DOWN 2.4% to 3,650 units
New Listings UP 7.2% to 4,117 units
Pending Sales DOWN 0.1% to 3,896 units
Days on Market DOWN 3.6% to 27 days
Price per s.f.-No change-$129
% of Ask Received-No change-99%
Active Inventory UP 7.4% to 3,165 units
Absorption Rate UP 12.5% to 0.9 months
As you can see, the market is starting to soften just a tad, but we are still in a super-strong sellers’ market. If you are thinking of selling, this is still an amazing time to sell with record-high sales prices and record-low interest rates.
Click here to watch an intro video from Steve about real estate and events happening this month
Click here to read our November newsletter
Click here to download the most powerful real estate app available
Click here to watch a 1-minute market update video
Click here to watch/read what our clients have to say about us
Click here to access coupons and discounts at stores you shop every day (who doesn't like to save money?)
We hope you have a great November and are able to spend Thanksgiving with some friends and family. Thank you for making us part of yours!
Your friends in real estate,
Steve, Kylie, Thea, and Patti
P.S. Please don’t keep us a secret!
