Happy New Year!! We hope your holidays have been good so far and that you have been able to find at least a little time in all of the hectic pace of this time of the year to slow down and enjoy some time with friends and family. We wish you a happy, healthy and prosperous 2022!!
As you are most certainly aware, the real estate market has been absolutely off the rails the past few years. We are seeing things we have never seen before in history! Needless to say, if you have ever remotely thought about selling your house, give us a call to talk through some options. The comment we usually get is, ‘Steve, I know we can sell our house, but where are we going to go?’ Great comment! Know that we have 4 options for you and we would be happy to discuss them to see what makes the most sense for your situation. Indianapolis has been named as the 2nd hottest real estate market in 2022 in the entire US! Interest rates are expected to rise slightly, but remain very low. Call us today at 317-573-1880 to learn how this all affects you.
Steve and his family traveled to Colonial Williamsburg to spend some time with Brigid’s family between Christmas and New Year’s. They also visited Busch Gardens. A long drive, but worth the time spent together.
Thea traveled to Cleveland to see her family and Michael’s family and enjoyed some downtime.
Patti and Ron stayed local and enjoyed some time off for much deserved downtime as well. Patti tweaked her knee a couple of weeks ago and has been dealing with that as well.
Kylie’s family is all local and they stayed in town for the holidays. She enjoyed a couple of weeks off at the end of the year to recharge with her family.
Thank you to everyone who submitted a nomination for our Christmas family this year. There were so many deserving families. Ultimately, Sheri Buschuk’s nomination was chosen. We were able to visit with her family she nominated and present them with gift cards to use to purchase presents that they need. It was so fun to see the smiles on their faces as they opened the presents! Thank you to Ranj Puthran of Allstate Insurance and to Josh and Missy Wakley of JW Restore for sponsoring our gifts and for helping us to present them to the family. Look for your opportunity to nominate a deserving family next holiday season!
We hope you will join us for our first Happy Hour of 2022 on January 20th from 5-6:30pm at Matt The Miller’s in Carmel. We will have a drawing and as always FREE drinks and food!!
Stay tuned for information on our next call in for our Quarterly Prize Package!! We have been working hard to put together an amazing gift you will not want to miss out. Call us anytime between 10AM-4PM. Look for information on our social media channels, e-mail and our website on how to call in and what our grand prize is.
Because we have received so many questions about this crazy market, Thea is going to host a virtual Buyer Workshop on January 11th from 5:30-6:30pm. She will be talking about this market, what is working for buyers and what isn’t and how you can be competitive if you are thinking of buying a home in 2022. She will cover what the home buying process looks like and will be available to answer any and all questions. Pass this along to friends who may be interested. Check our website and social media for log-in details.
As mentioned previously, our market remains HOT, however it has cooled off a bit for the season, as usual. Below are some stats from MIBOR comparing October 2021 to November 2021:
Median Sales Price=DOWN 1.6% to $251,000
Closed Sales=DOWN 2.4% to 3,421 units
New Listings=DOWN 20.6% to 3,050 units
Pending Sales=DOWN 9.3% to 3,292 units
Days on Market=UP 16.7% to 21 days
Price per s.f.=No change at $149/s.f.
% of Ask Received=DOWN 0.4% to 100.0%
Active Inventory=DOWN 10.5% to 2,412 units
Absorption Rate=DOWN 12.5% to 0.7 months
As you can see, our market has softened as we have entered our slower winter market. If you are thinking of buying before the expected busy spring market hits mid-February, this may be your best time to do so. Call us at 317-573-1880 to talk through your options.
Are you or someone you know thinking about getting into real estate? Give Steve a call at 317-573-1880. He meets regularly with people thinking about making a career change and would be happy to share some thoughts and answer questions.
We wish you a happy 2022 and let’s all hope is it healthier than 2021!
Your friends in real estate,
Steve, Kylie, Thea, and Patti
P.S. Please don’t keep us a secret!
Click here to read our January 2022 newsletter
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