Happy Holidays from our families to yours!!! This can be an extremely busy time of the year for many of us and we hope that you are able to take some time to relax and enjoy the reason for the season. It can also be a very lonely time for many people celebrating the holidays alone. If you know someone who is, please consider calling, video-chatting, or visiting them to let them know they are not alone and people do care about them. If you are feeling alone, please give us a call at 317-573-1880. We would LOVE to talk with you and catch up on your life.
We are coming out of the busiest month of events we have all year. Patti who is our Director of Marketing has done a superb job of planning and coordinating all of our events for our clients. We kicked the holiday season off with our last Happy Hour of the year and had a great turnout. It is always so good to see so many happy faces! Don’t forget, we do not host a Happy Hour in December due to busy holiday schedules, but we look forward to seeing you in January to kick the new year off on Thursday, January 20th from 5-6:30pm at Matt The Miller’s in Carmel. If you haven’t joined us yet, please consider dropping by. Drinks and appetizers are always on us! You bring the smile and conversation. ;-)
Our 2nd event of the month was our North Pole Experience featuring Photos with Santa. We had over 450 people come through this year and saw lots of smiles and happy kiddos!! If you had your photos taken with Santa, they will be sent to you via e-mail shortly.
Our 3rd and final event of the month was our 2nd Annual Steve and Mark’s Pie Giveaway. We gave away over 150 pies in 24-hours!!! Not only were we able to help our clients celebrate Thanksgiving with their families, but we also helped a local bakery No Label at The Table that is an entirely allergen-free bakery that employs only young adults on the autism spectrum. It is a wonderful family-owned bakery that has become an amazing partner for us. In addition, we gave away 50 pies to Student Impact so less-fortunate families could have a little sweeter holiday as well. Thank you to our lender partner Mark Kuchik with CrossCountry Mortgage for co-sponsoring this amazing day with us. We hope you enjoyed your pie, if you participated. If you didn’t, please consider doing so next year.
The real estate market has taken its usual slower pace between Thanksgiving and New Year’s, but we are still seeing super-low inventory and lots of buyers looking for homes. This is predicted to be one of the busiest winter markets on record, however with the super-low interest rates still hovering around 3% and many buyers sitting on the sidelines until spring, this is a great time to take advantage of a slight slow down and find your dream home! We would be happy to help you and guide, lead, and protect you throughout your journey. Interest rates will not stay this low forever and we see the window closing, so act now before higher rates make housing less affordable.
Here are some stats from MIBOR comparing October 2021 to September 2021:
Median Sales Price-$255,000-No change
Closed Sales-3,448 units-DOWN 7.0%
New Listings-3,807 units-DOWN 2.6%
Pending Sales-3,784 units-UP 7.7%
Days on Market-19-UP 5.6%
Price per s.f.-$149-no change
% of Ask Received-100.4%-DOWN 0.1%
Active Inventory-2,682 units-UP 0.8%
Absorption Rate-0.8 months-UP 14.3%
You can see a very slight softening of the market, but make no mistake, these are extremely strong numbers posted for what is typically the beginning of the slowing for the year for the real estate market. New listings going down, but pending sales going up is the opposite of what we need right now with such an anemic inventory level. Seeing the active inventory going up slightly is a help, but we need a lot more. If you are considering putting your house on the market now or in the spring, please give us a call, so we can consult with you about your options-317-573-1880. There may be some creative options we can show you to take advantage of this HOT sellers’ market.
We hope you have received your calendar by now as well and that you can proudly display and enjoy it all of next year.
Steve, Thea, Kylie, and Patti are all working until Christmas helping our clients with their real estate needs and then we are all taking a week off to spend time with our families before the crazy spring real estate market starts up in February.
We hope to see you at our January Happy Hour!!! Look for some fun events coming up soon such as our Valentine’s Day prize package giveaway (we have something BIG this year), our spring client appreciation event at Sundown Gardens, and our spring Shred Day.
From our families to yours, we wish you a very happy holiday season filled with laughter, happiness, and some time to spend with your families and friends. Thank you for being such great clients and referral partners!! We are grateful for you!!!
Your friends in real estate,
Steve, Kylie, Patti, and Thea
P.S. Please don’t keep us a secret…
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