Monday, November 21, 2016

December 2016 Steve & Jack's Home News

Happy Thanksgiving and Merry Christmas! From our family to yours, we wish you a joyous holiday season, which is hopefully spent with friends/family. If you are traveling, we hope you arrive safely. We have much for which to be thankful, to be sure, which includes our families at the top of the list, but we are also extremely thankful for YOU! Without you-our clients, friends, and referral partners, we couldn't do what we do and help so many families. It is always our goal to make each of our clients feel like family. Thank you for giving us the opportunity to do so!

Thank you to everyone who attended our final Happy Hour of 2016 last week! A BIG shout-out to Keith Pemberton with Pemberton Insurance for sponsoring, in part, our evening. Thank you, Keith!!! We had a good group and enjoyed some good food and drink. If you have never attended a Happy Hour before, please consider doing so next year. We meet the 3rd Wednesday of each month from 5-6:30PM at Matt The Miller's in Carmel. It is our way of saying, 'Thank you!' to our clients and referral partners and to have a little fun. Our next Happy Hour will be Wednesday, January 18th from 5-6:30PM. See you there!!

Thank you, also to all of our clients who attended our annual Photos with Santa yesterday afternoon! We had a great turnout and some amazing photos with Santa were taken. If you attended, photos will be sent to you shortly. Please look forward to our next Photos with Santa next year!

We have received a LOT of RSVPs for our annual VIP Client Appreciation Event on Saturday, December 3rd. Thank you!!! If you haven't RSVPd yet, please do so today with Kylie at Kylie@Welcome2Indy.com. We need the number of adults and number of children attending, please for an accurate head-count to the theater. Doors open at 8:30AM with registration, photos, and continental breakfast, and then the movie starts at 9:30AM. We will be seeing the new Disney/Pixar film Moana, which opens this weekend. It looks like a great movie! We hope to see you there!

We have received a lot of calls with questions regarding the election and how it will affect real estate. Our answer, unfortunately, is we don't know. We do know that interest rates have increased 1/2% in the past week and are now hovering around 4% (still an AMAZING rate!). We will see what happens, but the real estate market is extremely strong and not showing any signs of weakening as of yet. Take a look at some recent statistics courtesy of MIBOR for the Indy area comparing October 2016 to October 2015 (the most recent data available):

New listings=DOWN 4.5% to 3,237 homes
Pending sales=DOWN 3.4% to 2,386 homes
Closed sales=UP 6.4% to 2,844 homes
Median sales price=UP 7.7% to $153,000
Average sales price=UP 5.7% to $186,902
Percent of original list price received at sale=UP 1.1% to 94.4%
Total active listings available at month end=DOWN 15.0% to 10,690 homes
Months supply of inventory/absorption rate=DOWN 21.3% to 3.7 months

Again, thank you for your trust, business, and friendship spanning almost 50-years. We are grateful beyond words. We are excited to see what the next 50 will bring!

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Your friends in real estate,

Steve, Jack, & Kylie

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