July Steve & Jack's Home News

Happy Summer!!! We hope yours is off to a good start and that you have some fun plans ahead. We hope all of the dads had a great Father's Day with family and friends celebrating you and all you do for us.

Do you have some items that can be recycled, but didn't know what to do with them or maybe you have some files/old bills/check books/receipts/prescription bottles that need shredded. Please come by our Community Shred/Recycling Day THIS Saturday, July 8th from 10AM-12PM. It will take place in our Carmel office parking lot-11550 N. Meridian Street. It is absolutely FREE!

Steve & Brigid traveled to NYC earlier this month to see Ana perform at Carnegie Hall with The Indianapolis Children's Choir. To say we were proud to see our daughter perform on one of the biggest stages in the world would be an understatement. What an incredible experience our entire family will never forget. We also saw the 9/11 Memorial, Ellis Island, Statue of Liberty, Rockefeller Center and took an NBC Studios tour, which was really cool. It was fleet week and our hotel was right on Times Square, so crazy! We can only imagine what Times Square is like at New Years!

This coming week, we are taking our annual family vacation with Jack and Mary Anne to Colorado. We are so excited to see the beautiful views and do some hiking and spend quality time with family.

Kylie and her baby Jackson are doing well and have settled into a routine. Steve is so incredibly happy to have her back and helping clients again!

The real estate market is still white hot in many areas of the city and price ranges. Most of our listings have sold and we are putting more on the market. We are proud to announce that we just were recognized as selling our listings faster than any of the top 500 real estate agents in the city with an average listing time of only 19 days! We have also earned again the Five Star Real Estate Agent award and the Super Service Award from Angie's List for being in the Top 5% of agents in our market relative to customer service. We are proud of our accomplishments, but we couldn't have done it without you!! So, THANK YOU for allowing us to help you and those you care about. We are grateful and humbled! Please call us the next time you hear someone talking about buying/selling/building a new home. We would love to help!!

Did you know that Indy was just recognized as having some of the LOWEST closing costs of any city in the country? We are also the most AFFORDABLE housing market in the country, relative to income. Carmel, Fishers, Noblesville, & Westfield have been recognized as one of the best places to live in the nation as well.

Here are some of the latest statistics on home sales from MIBOR comparing May 2016 to May 2017. We are woefully short on inventory-about 50% of a balanced or healthy market:

New Listings-DOWN 0.4% to 4,433 units
Pending Sales-UP 6.0% to 3,462 units
Closed Sales-DOWN 2.1% to 3,673
Median Sales Price-UP 5.7% to $168,000
Average Sales Price-UP 6.4% to $202,984
Percent of Original List Price Received at Sale-UP 0.6% to 96.3%
Total Active Listings Available at Month End-DOWN 17.6% to 9,015
Months Supply of Inventory/Absorption Rate-DOWN 23.1% to 3.0 months

Enjoy this month's newsletter!!! Let us know what you think!!!

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Your Friends in Real Estate,

Steve, Jack, & Kylie