March is here and spring is just around the corner. I don’t know about you, but I am ready for spring…longer daylight hours, warmer temps, leaves on trees, and closer to some vacation time!!! We hope this month’s newsletter finds you happy and healthy and ready to celebrate St. Patrick’s Day!
I just returned from sunny Orlando for Keller Williams’ annual convention called Family Reunion. There were 9,000 agents from all over the world there to network and learn how to better help their clients. So much information and fun!! The overarching sentiment was that we will continue to see this strong real estate market for quite some time as we are 7-years behind in inventory with no reduction in buyer demand in sight.
Greer, SC is my next stop for a 2-day, adrenaline-pumping experience at BMW’s M School. We race BMW M-series cars around their racetrack under the watchful instruction of professional drivers under many different scenarios. At the end of the weekend, we will have logged over 13-hours of driving and having become much better and more responsive drivers. I take Ana in June for a similar course-the Teen Driving School. She shares her dad’s passion for cars and can’t wait to go!!
Speaking of Ana, she is finishing her final exams this week and is looking forward to winter formal, which has been postponed twice due to COVID. While I will miss seeing her due to my M School, she is really looking forward to going with a group of her friends. Ana has only been driving since December and has done really well!! We are so proud of how responsible she is.
Tali is still in competition season for cheer. We head to Chicago next weekend for a 2-day competition. Her team did really well a couple of weekends ago and earned a bid to Nationals later this year. She is so excited!!!
Patti had a very unfortunate event take place in her house with her ceiling falling in!!! She finally got back into her house after about 2-weeks with contractors cleaning up the mess and giving her new ceiling, floors, and walls. Patti also has a new virtual assistant to help her with marketing. Please welcome MK to our team!!! He just started this week and we look forward to having him help us!
Kylie is glad to be back with us after having COVID for a couple of weeks. We certainly missed her and are happy she is feeling much better!
Thea continues to be super-busy helping all of our buyers find homes. She has seen quite a bit of success beating out other buyers so if you have been thinking about jumping into the market, please call us. She is really good at finding the right home for our clients!
Thank you to everyone who attended our February Happy Hour sponsored by Chris Odle. Chris is a financial advisor who helps people protect their money and grow it for retirement. He is really good at what he does and we highly recommend him!!! Give him a call at 214-213-5112. Please plan to attend our March Happy Hour on St. Patrick’s Day, March 17th from 5-6:30pm at Matt The Miller’s in Carmel. We would love to share the luck o’ the Irish with you!!!
We had a great call-in for our most recent contest and congratulations, again to Ellen Milburn for winning a jam-packed weekend at French Lick!! Enjoy!!!!
Our next contest is our BIGGEST yet and you do not want to miss this!! Call us at 317-426-6108 on Tuesday, March 8th from 11AM-4PM for your chance to win a $5,000 gift card for a dream vacation!!! If you call us with a referral, we will add 3 more entries for you. If you have a spouse or significant other, both of you can call in. Just call us to get entered.
As mentioned earlier, the real estate market continues to be white hot!!! Interest rates continue to rise and so do house values. If you are thinking of buying/selling/building this year or know someone who is, please all us-317-573-1880. We would love to have a conversation with you about what your plans are and how we can best help you achieve your real estate goals. Below are some numbers from MIBOR comparing December 2021 with January 2022. It should be noted that January median sales price is the highest on record, despite dropping a bit from December.
Median sales price=$246,000 DOWN 3.5%
Closed sales=2,161 units DOWN 35.8%
New listings=2,495 units UP 13.6%
Pending sales=2,849 units UP 17.7%
Days on market=29 days UP 20.8%
Price per s.f.=$149 DOWN 1.3%
% of ask received=99.4% DOWN 0.6%
Active inventory=1,738 units DOWN 16.2%
Absorption rate=0.8 months UP 33.3%
There is a LOT of information swirling around about the real estate market. If you would like to know accurate info about YOUR house, give me a call-317-573-1880. We will perform an equity analysis to see how much equity you have in your house and what an accurate market valuation is. This is absolutely FREE to you as a client/referral partner of ours. As a certified Pricing Strategy Advisor, I have been specifically trained on how to properly value residential real estate. Put my training and experience to work for you!
We hope you enjoy this month’s newsletter!! Let us know what you think. Also, check out our website and our YouTube Channel for LOTS more real estate resources, including videos, guides, and articles.
Happy St. Patrick’s Day!!
Your Friends in Real Estate,
Steve, Kylie, Patti, and Thea
