Steve & Jack's July 2014 Newsletter

Welcome 'officially' to summer! We hope you survived the storm last night unscathed. That was pretty scary! I happened to be checking up on a vacant listing right in the path of the storm and took shelter in their basement. Scary! We hope that the start of summer has been a good one. Changing routines is always difficult, especially when children are involved. Our bedtime has continually become later as we all take advantage of the great weather and sunlight.

We are excited to take our summer vacation this year to Washington, DC and Colonial Williamsburg. We even scored tickets for a White House tour! We will be joining Jack & Mary Anne and spending the week in Williamsburg with them and celebrating Independence Day there as well. Ana has been studying Colonial America this summer so she appreciates what she is seeing. It should be a very fun trip and a very educational one as well. We will let you know how it went in next month's newsletter.

The real estate market has been a little nutty lately. After a slow start due to the severe winter, it took off with impressive numbers, until the end of May when it took a breather. Showings and closings are both down right now leaving sellers to question the market at a time, which is usually quite robust. Please know that this slow down is city-wide and is not expected to last. Activity is already slowly picking back up, but summer always brings vacations, so many buyers take a break, especially in June.

Here are some quick housing numbers you will find interesting:
These numbers are comparing May 2013 to May 2014 according to MIBOR's Monthly Indicators Report:
• New listings are down 1.0%
• Pending sales are down 6.8%
• Closed sales are down 9.0%
• Median sales price is UP 1.4% to $140,000
• Average sales price is UP 2.1% to $175,903
• Percent of original list price received at sale is UP 2.1% to 94.4%
• Total active listings available at month end is down 1.7%
• Months supply of inventory is down 5.4% to 5.3 months
We hope you enjoy your summer and are able to take a vacation or two and enjoy some fun time! As always, thank you for being such great clients!! We truly are blessed and continue to be grateful for your on-going trust and support. We would love to help someone you care about with their real estate needs, so please give us a call when the next person you know is talking about buying, selling, or building a new home. We would love to learn about their specific situation and consult with them about their options.

Enjoy the July newsletter!!

Click here to read the July newsletter.

Click here for exclusive access to coupons and discounts.

Steve & Jack Rupp

May 2014 Steve & Jack's Home News

Welcome, Spring!!

Ahhh, soccer season has begun. It MUST be spring. If you have kids in school activities, you know the spring is extremely busy-sports, Scouts, music, swimming, and that is just the kids. We adults are staring down yard work, including the first cut of the season and spring cleaning. This also means allergy season-ugh!

The last time I wrote this newsletter, we were in Tampa visiting Brigid's parents. We had a great time! If you have never been to the Museum of Science & Industry (MOSI), trust me, you will LOVE it, including the 4-story ropes course. We also made a trip to Naples where we had a blast...and saw more Bentley's, Rolls-Royce's, & Maserati's in my life! Wow!

The real estate market has continued to explode. Here are some numbers from March courtesy of MIBOR, as compared to March 2014 from March 2013:
New listings UP 3.8%
Pending sales DOWN 7.3%
Closed sales DOWN 8.5%
Median Sales Price UP 6.5%
% of Original List Price Received at Sale UP 2.5% to 92.4%
Total Listings DOWN 6.0%
Months Supply of Inventory DOWN 14.9% to 4.7 months

As you can see by the pending and closed sales were definitely impacted by the harsh winter we had, however activity has picked up significantly again.

We hope you are enjoying the beautiful spring weather and are as happy as we are that winter has finally released its grasp. As always, if there is anything we can do for you or anyone you care about, please contact us. We are always happy to help. Here's to Spring!!!

Click here to read our May Newsletter.

Click here for access to our exclusive discounts and savings site.

March 2014 Steve & Jack's Home News Newsletter

Happy March!!! While we were certainly hoping that the weather would be more conducive to spring, we are holding out hope that Mother Nature will release her winter grasp and allow warmer temperatures to find their way back to Indy. As you probably know, we have unfortunately surpassed an all-time record for most snow this season. That is not a record we were looking forward to breaking. Like you, we have hit our limit on winter and are experiencing spring fever like never before.

Speaking of spring fever, the real estate market has already started to heat up, however the weather has certainly put a damper on activity. Check out the following stats:

• New listings-DOWN 23.9%
• Pending sales-DOWN 22.6%
• Closed sales-DOWN 13.8%
• Median sales price-UP 4.8%
• % of original list price to sales price-UP 3.1%
• Total active listings available at month end-DOWN 6.7%
• Months supply of inventory-DOWN 19.3% to 4.4 months

As you can see, houses are appreciating nicely, inventory is WAY down and the terrible winter has most definitely impacted activity. What this means is that in many cases, houses are selling in DAYS, with multiple offers for at or above listing price! Quite frankly, we are desperately in need of inventory, as you can see from the statistics above. Buyers have very few options from which to choose, and we speak from experience when we say, we don't have enough houses to show our many buyer clients. When buyers find a house they like, many times it has already accepted an offer or will very soon. Buyers don't have the luxury to think about whether to make an offer. If they like a house they see, they need to make an offer immediately or risk losing the house. It is an exciting market for sellers, but extremely nerve-wracking for buyers and their agents.

If you are considering selling your house this year, please do yourself a favor and give us a call so we can share with you specific information so you can make an informed decision about whether putting your house on the market now is right for you. In many cases, it is. Interest rates are predicted to keep rising, so the sooner you lock in a low rate, the better.

On another note, have you checked out our BRAND NEW website? Check us out and let us know what you think. Please visit www.Welcome2Indy.com. It is updated, sleeker, has more information, and better searches.

Finally, we are so proud, once again to have been awarded by you, our clients for the 3rd year in a row as a Five-Star Real Estate Professional!! Check us out in the May edition of Indianapolis Monthly magazine. This coveted award is only bestowed to the top 7% of all real estate agents in Indy based on surveys of clients for quality service. On top of that, we have been fortunate to maintain our 'A' rating on Angie's List and have been nominated for Pages of Happiness and the Super Service Award. We couldn't be happier and more grateful to you, our loyal clients. THANK YOU!!

We hope you have a great St. Patrick's Day & Mardi Gras. Come on spring!!!

Click here to read our March Newsletter.

Click here to access our exclusive coupons & discounts.

Steve & Jack Rupp