Friday, November 01, 2019

November 2019 Steve & Jack's Home News

Happy November!! It is hard to believe Thanksgiving is only 27-days away and that last night was Halloween. Being one of the parents who was out with my daughter Trick-or-Treating, I can attest that it was miserable. I think we only had 8 groups of kids come to our door and while walking around, we saw very few people out. It was a shame that the kiddos weren't able to enjoy the evening more as they look forward to it so much (at least mine does!).

Our BIG news is that our teammate Patti got married last Friday!!! Patti and Ron tied the knot in Brown County under a backdrop of beautiful Fall colors. It was a lovely ceremony followed by a delicious dinner under a tent. The entire team was able to attend and celebrate with Ron & Patti. Thea made all of the cakes and cupcakes and they were amazing! Congratulations, Patti!!!

Thea is doing such a great job and clients love working with her. She has learned so much in such a short amount of time and we are excited to see her continue to grow and excel.

Kylie has been doing an amazing job, as usual as we continue to add systems to our business to continually improve the level of service we provide to our clients. If you have had the pleasure of working with her, you know what I mean.

Jack and Mary Anne were able to go on Fall Break with Michelle and her family to The Smokies where they hiked, relaxed, swam and had a great time together. They are staying home for the foreseeable future and are looking forward to that!

Steve and his family enjoyed Fall Break in Boston for a few days seeing their new niece, Elsie. She is the daughter of Brigid's brother Jim. Ana & Tali loved spending time holding her and loving on her. We then went to Stowe, VT to see the Fall foliage, stop by Bragg Sugarhouse for some amazing Vermont Maple Syrup, Vermont Cold Hollow Cider Mill for some amazing cider and apple cinnamon donuts, Cabot Creamery for their delicious cheese, and Ben & Jerry's for their factory tour and ice cream sampling-YUMMY!

As for the market, it is pretty robust for this time of the year. We have quite a few buyers and new sellers we are helping right now. From July 1-September 15, the market really cooled down all over the city, so seeing a hotter-than-usual Fall market is welcome by agents, lenders, title companies, buyers, and sellers. Since Thanksgiving is so late this year, it gives us an extra week of Fall market. Inventory is still down considerably, but it bumped up from 1.7 months in August to 2.1 months in September. Activity, in general is down a bit as well, so we are seeing the usual seasonal slow down this time of year always brings. With interest rates still so low along with housing inventory (there were 10,000 listings on the market in September 2016 and there are only 6,300 in September 2019) and lots of buyers still in the market, this is a great time to have your house on the market. Well-priced houses in good condition and location with an acceptable floor plan are selling. Call us TODAY to talk about your specific situation if you or someone you know is thinking of buying, selling, or building a new home. Our job is to GUIDE, LEAD, & PROTECT.

Here are the September 2019 vs. September 2018 numbers courtesy of MIBOR:

Median Sales Price-$189,900-UP 5.5%
Closed Sales-3,048 units-UP 1.8%
New Listings-3,569 units-UP 0.5%
Pending Sales-3,243-UP 18.7%
Days on Market-40-No change
Price per s.f.-$113-UP 5.6%
% of Ask Received-97.5%-DOWN 0.1%
Active Inventory-6,341 units-DOWN 7.4%
Absorption Rate-2.1 months-DOWN 8.7%
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~Thank you to everyone who attended our Happy Hour last week!!! We had a great time and saw quite a few new faces this month. Welcome!!! We hope to see you again. Our next Happy Hour (and final one of 2019 as we do not host one in December) will be on Thursday, November 21st from 5-6:30PM at Matt The Miller's. Appetizers and drinks are on us! Stop by to say hello!

~Pictures with Santa is BACK! Stop by our office at 11550 N. Meridian Street in the main level conference room from 11AM-2PM on Sunday, November 24th for FREE photos with Santa and some fun arts and crafts for the kiddos. All are welcome! Please RSVP by November 22nd to Patti@Welcome2Indy.com.

~You should have received a Save The Date postcard a few weeks ago and your official invite this week for our 7th Annual Client Appreciation Event. It is on Saturday, December 7th from 8:30AM-11AM at Hamilton Town Center movie theater. We will be showing the newly-released Frozen 2 as well as FREE caricatures (get there early as there was a long line last year), photo opps, and food. So many of our clients have made this a holiday tradition and we are always so happy to see you and your beautiful families!! Please RSVP at VIPMovieEvent2019.eventbrite.com by Friday, November 29.

LOTS of fun events coming up in the next 30 days. Please consider joining us as we celebrate you.

Click here to read our November Newsletter

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Click here to read about our Senior Real Estate Advantage Program

Your Friends in Real Estate,

Steve, Jack, Kylie, Thea, & Patti

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