Thursday, September 27, 2018

October newsletter

Welcome to Fall!! College football is in full-swing, NFL football has started again, high school football is more than halfway finished already, daylight is waning, and the temperatures are falling...and most importantly, pump-spiced everything is BACK! It must be Fall!

We hope if you have school-aged children that you have settled back into a routine and that the kids have adjusted well to new teachers and maybe a new school.

Our kids have done just that and we find Ana having quite a bit more homework than last year. Couple that with her ballet lessons and Indianapolis Children's Choir practices and performances, school show choir and the school play, she is a busy, busy girl. Tali still enjoys her gymnastics 3x/week and competition season comes in November.

Brigid has been traveling quite a bit more lately with her job making juggling all of these activities even more challenging.

Jack and Mary Anne were to go to the east coast on vacation last week, but had to cancel due to the hurricane. They did go to the Smokies this week and are enjoying the lush and green all around them.

Kylie and Julia are still doing great and have been a huge help with us moving our office into a newly built-out section of our floor. It will take some getting used to, but it will be a good move in the end. It is but a small inconvenience compared to what we put our clients through when selling their homes!

Lots going on in the upcoming months and some schedule changes, so please read on...

Our first-ever Fall Client Appreciation Party is coming up NEXT weekend on Saturday, October 6th at Sundown Gardens in Westfield. We will have pumpkins for every family to decorate and there will be several presentations on fall decorating, plantings, and tree-trimming. It is absolutely FREE to attend, but we do need RSVPs by tomorrow, Friday, September 28th. The entire family is invited! RSVP today to Kylie@Welcome2Indy.com!

Don't forget our 6th Annual VIP Client Appreciation Event on December 1st from 8:30AM-11AM at Hamilton Towne Center. We are serving a light breakfast and are showing the brand new Disney movie Wreck It Ralph 2: Ralph Breaks The Internet. You should have received your Save The Date in the mail. Reservations are required. NEW this year is a caricature artist will be on hand to draw your family. RSVP today to Kylie@Welcome2Indy.com!

Thank you to everyone who has attended our Monthly Happy Hours!! We had a big group this month and would love to see you next month! Due to Fall Break and then Thanksgiving, we are changing the dates of the last two Happy Hours of 2018 (we don't have one in December). Our October Happy Hour will be on Wednesday, October 24th from 5-6:30PM at Matt The Miller's. Our November Happy Hour will be at the same time and place, but on Wednesday, November 14th. Look for your evite soon to RSVP!

As for the real estate market, things have still been slower than in the spring and summer. They are starting to pick back up a bit from the annual back-to-school lull, but not as much as we expected, especially for houses priced over $300,000. See below from updated stats from MIBOR (August 2018 vs. August 2017). The biggest takeaway is that home prices are trending up at 6%/year while median income has only increased 2.6%/year. This gap cannot continue to be supported forever, especially in the middle to upper-middle markets.

New listings-UP 9.5% to 4,569 units
Pending sales-UP 19% to 3,731 units
Closed sales-UP 8.0% to 3,802 units
Median Sales Price-UP 9.0% to $179,000
Average Sales Price-UP 5.3% to $216,003
Percent of original list price received at sale-UP 0.3% to 96.2%
Total active listings available at month end-DOWN 18% to 8,059 units
Months supply of inventory-DOWN 18.2% to 2.6 months

Click here to read our October newsletter

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Click here for a 1-minute market update video

Click here to learn about how we can help seniors

Click here to read some testimonials about our service

Your friends in real estate,

Steve, Jack, Kylie, & Julia

P.S. Please don't keep us a secret!

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