The signs of spring approaching are all around. Unused flex days for school mean 3-day weekends, Peyton Manning won the Super Bowl and we wait for another 6-months for football to return, Valentine's Day has come and gone, we are in the middle of Lent and St. Patrick's Day is the next holiday. This also means...the spring real estate selling season is upon us! More on that in a bit.
We hope you had a great Valentine's Day and are enjoying the fantastic and unseasonably warm weather this weekend. The big news is that Mary Anne (Steve's mom), had her gall bladder removed successfully and without incident a few weeks ago. It is amazing at how minimally invasive so many surgeries are nowadays. Mary Anne is recovering very well and we hope she is more comfortable as a result. Jack & Mary Anne look forward to traveling to Florida for a vacation in the coming weeks and will enjoy some much-needed warmth & sunshine. Steve, Brigid, Ana, & Tali are staying home until spring break at which time they will drive to Florida to visit Brigid's parents again.
The spring selling season is here in force! The biggest challenge is lack of inventory. MIBOR has reported that the 3.9 months of inventory in the 9-county area it tracks is the lowest on record. In fact, in some areas, such as Carmel, they are down to 1.3 months of inventory! This is causing a downward spiral with sellers not putting their houses on the market due to lack of inventory exciting them to want to move. Builders are filling this void as much as possible, but they, quite frankly just don't have the capacity to meet demand. What does this all mean? Simply put, houses are appreciating faster than any time in recent memory at 6.1% for the MIBOR area. Great news for sellers! However, this also means houses are getting more expensive to buy pricing some buyers out of the market or not letting them purchase the house they would like. Builders are also not having to give 'deals' like they used to and they are taking price increases monthly in many developments.
Look for a postcard in the mail from us in the next couple of weeks talking about the Top Ten Tips You Need to Know BEFORE You Build A New Home. We also have it posted to our blog (see link below). Building is becoming more complicated with so many more options available and new builders coming to our market in brand new neighborhoods. If you or someone you care about is thinking about building, read our Top Ten Builder Tips and then give us a call. We have helped almost 100 clients successfully build their new home-both production and custom-have built several of our own homes, and are one of only a select few agents in the city who have earned the Certified New Home Specialist (CNHS) designation, which provides us with unique expertise on navigating our clients who are building a new home through the lengthy process. Best of all-all of this expertise and experience costs you absolutely NOTHING! The builders pay our fee. Contrary to popular belief, you will not get a better deal by not having an agent represent you when building. In fact, we usually end up SAVING our clients money! Our fee comes out of the marketing budget of the builders. Depending on the builder, 75-92% of their buyers have an agent representing them. Shouldn't you?
Thank you to the great crowd we had at our Happy Hour last week! We had a GREAT time! Enjoy the warmer weather and come visit us at our next Happy Hour which is on Wednesday, March 16th from 5-6:30PM. In the spirit of St. Patrick's Day we are going to be next door to our usual Matt The Miller's and check out Langton's Irish Pub, which is immediately south and adjacent to Matt The Miller's located at 710 S. Rangeline Road in Carmel. They have set us up upstairs in our own area with our own bar! Come join us and be sure and RSVP to the Evite invitation when you receive it so we know how many people for whom to plan.
Click here to read our March newsletter
Click here to access our exclusive coupons & discounts at places you shop every day
Click here to download the most powerful real estate app available
Your Personal Real Estate Consultants...for Life!
Steve & Jack
We hope you had a great Valentine's Day and are enjoying the fantastic and unseasonably warm weather this weekend. The big news is that Mary Anne (Steve's mom), had her gall bladder removed successfully and without incident a few weeks ago. It is amazing at how minimally invasive so many surgeries are nowadays. Mary Anne is recovering very well and we hope she is more comfortable as a result. Jack & Mary Anne look forward to traveling to Florida for a vacation in the coming weeks and will enjoy some much-needed warmth & sunshine. Steve, Brigid, Ana, & Tali are staying home until spring break at which time they will drive to Florida to visit Brigid's parents again.
The spring selling season is here in force! The biggest challenge is lack of inventory. MIBOR has reported that the 3.9 months of inventory in the 9-county area it tracks is the lowest on record. In fact, in some areas, such as Carmel, they are down to 1.3 months of inventory! This is causing a downward spiral with sellers not putting their houses on the market due to lack of inventory exciting them to want to move. Builders are filling this void as much as possible, but they, quite frankly just don't have the capacity to meet demand. What does this all mean? Simply put, houses are appreciating faster than any time in recent memory at 6.1% for the MIBOR area. Great news for sellers! However, this also means houses are getting more expensive to buy pricing some buyers out of the market or not letting them purchase the house they would like. Builders are also not having to give 'deals' like they used to and they are taking price increases monthly in many developments.
Look for a postcard in the mail from us in the next couple of weeks talking about the Top Ten Tips You Need to Know BEFORE You Build A New Home. We also have it posted to our blog (see link below). Building is becoming more complicated with so many more options available and new builders coming to our market in brand new neighborhoods. If you or someone you care about is thinking about building, read our Top Ten Builder Tips and then give us a call. We have helped almost 100 clients successfully build their new home-both production and custom-have built several of our own homes, and are one of only a select few agents in the city who have earned the Certified New Home Specialist (CNHS) designation, which provides us with unique expertise on navigating our clients who are building a new home through the lengthy process. Best of all-all of this expertise and experience costs you absolutely NOTHING! The builders pay our fee. Contrary to popular belief, you will not get a better deal by not having an agent represent you when building. In fact, we usually end up SAVING our clients money! Our fee comes out of the marketing budget of the builders. Depending on the builder, 75-92% of their buyers have an agent representing them. Shouldn't you?
Thank you to the great crowd we had at our Happy Hour last week! We had a GREAT time! Enjoy the warmer weather and come visit us at our next Happy Hour which is on Wednesday, March 16th from 5-6:30PM. In the spirit of St. Patrick's Day we are going to be next door to our usual Matt The Miller's and check out Langton's Irish Pub, which is immediately south and adjacent to Matt The Miller's located at 710 S. Rangeline Road in Carmel. They have set us up upstairs in our own area with our own bar! Come join us and be sure and RSVP to the Evite invitation when you receive it so we know how many people for whom to plan.
Click here to read our March newsletter
Click here to access our exclusive coupons & discounts at places you shop every day
Click here to download the most powerful real estate app available
Your Personal Real Estate Consultants...for Life!
Steve & Jack
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