Happy Labor Day and end of summer! It seems like the older I get, the faster summer goes. We hope you had a great summer and were able to make some fun memories with those you care about. For us, that meant some time with Brigid’s family who was all in Indy for about a week. We were able to get some really good family photos set in a park in Brownsburg.
Our BIG news is that our oldest daughter Ana is not only a junior at Guerin, but moreover has her learner’s permit and is driving! Yikes! I still can’t believe we are old enough to have a teen driver. Time just continues to go too fast. I am not at all looking forward to the day Ana goes to college. She is spending Fall Break with Brigid, a friend of hers and her mom to do some college visits to Clemson, UNC-Chapel Hill, Charleston, and Georgia. We will see how those go. Tali is in the thick of preparing for winter cheer competition schedule learning her routines and new stunts and tumbling skills. Her stunt group is one of the best in the gym and she absolutely loves it! Unfortunately, she hurt her heal 2-weeks ago and has been in a walking boot to get better.
Brigid and I are converting our screened porch into a sun room right now and doing everything except for the electrical ourselves. This is a huge project, but we are learning a lot and saving about 75% of the cost than to have a pro do it! We hope to have it complete by our next newsletter. I will let you know how it goes.
Thea is in the heat of weddings this summer and fall as she is at the age of friends getting married and so many were postponed from last year. Lots of traveling. Kylie is enjoying having the kids back in school and being able to work at the office more regularly. Patti is enjoying a 2-week vacation right now in Florida. We hope she is able to relax and enjoy some needed downtime with Ron.
The housing market took its usual summer break around July 4th. That lasts until about mid-August, so we are seeing activity pick up again. There are SO many changes happening right now in our industry it is hard to keep up. Many brokerage consolidations (we are not one of them), new technology, new services, etc. Speaking of new services, we will be offering starting August 30th Keller Offers. This service is an alternative to the ‘traditional’ way of selling your house in which we buy your house for cash and allow you to stay in it for up to 90-days with no showings or work done on your house. Additionally, debuting in Q1 2022, will be Keller Concierge whereby we can advance you an interest-free loan to get your house ready for sale, such as paying for new carpet, paint, updating the kitchen, baths, etc. Stay tuned for more information on these exciting new opportunities for only Keller Williams’ clients.
The Indy housing market remains hot and is predicted to remain so for some time. If you or someone you know is thinking about buying, selling, or building a new home in the future, please call me at 317-573-1880. We would love to help any way we can even if your plans are off in the horizon. It is never too early to start a conversation! Here are the latest market stats from MIBOR comparing July 2021 to June 2021:
Median Sales Price-UP 3.8% to $260,000
Closed Sales-DOWN 4.0% to 3,794 units
New Listings-UP 0.1% to 4,392 units
Pending Sales-UP 3.0% to 4,021 units
Days on Market-No change at 14 days
Price per s.f.-UP 0.7% to $147
% of Ask Received-DOWN 0.3% to 101.6%
Active Inventory-UP 21.9% to 2,498 units
Absorption Rate-UP 40% to 0.7 months
It is interesting to note that the median sales price has increased by 15.6% in the past 12-months alone and days on market is down 54.8% in the same period!
Thank you to everyone who attended Shred/Recycling day in August. We had another incredible turnout and hope to have another one yet this year. Our August Happy Hour also had a great turnout, except that it rained toward the end. We appreciate everyone who stayed and hung out. Don’t miss our next Happy Hour on Thursday, September 16th from 5-6:30pm at Matt The Millers. Please RSVP to Patti at Patt@Welcome2Indy.com.
Enjoy the end of summer and we hope to see you at Happy Hour this month!!!
Your Friends in Real Estate,
Steve, Kylie, Thea, Patti
P.S. Please don’t keep us a secret!!
Click here to read our September newsletter
