Dear Steve & Brigid,
Happy May! All of us sincerely hope that you and your family and friends are staying safe, healthy, & happy during this unusual time. We hope that you have found some positive things that have come out of all of this, such as spending more time with family and hobbies that were put to the side for far too long. By now, you should have received the May newsletter via USPS, if you are on our mailing list. If you didn't and you would like to receive a paper copy, please e-mail me and we will happily add you to the list.
We have been asked many times, 'How is real estate?' and 'How are you doing during all of this?' To be honest, it hasn't been easy. The number of real estate transactions has plummeted, however it is important to note that every day new listings are coming on the market, offers are being accepted and transactions are closing. At the lowest, showing activity was down 38% from a year ago and now it is only down 8% from a year ago. With fewer people feeling comfortable listing and buying houses, we have had to work harder and longer hours. This is to be expected in a down market. However, we have been very fortunate with clients still listing and buying and we have sold ALL of our listing inventory!
The inventory is at an all-time low and is unhealthy. There isn't enough out there to satisfy demand. This has pushed home prices to an all-time high, appreciation is also at an all-time high of 12.8%/year and houses are selling in a record 6 days for 100% of asking price as recently as May 13th! So, if you or someone you know is thinking about selling, NOW is the time to do it! The market is begging for your house right now and will reward you handsomely. Call us today (317-573-1880) to schedule an appointment (in-person or Zoom) to learn more about your specific situation and how you can take advantage of these historic home prices...and interest rates, which are currently ~3.23% for a 30-year fixed rate conventional mortgage!
Our families and our team are all staying safe and healthy and we continue to work remote as so many of you do as well. Daily team meetings keep us connected and updated so that we don't miss a beat. Indeed, we are fortunate.
Speaking of fortunate, we are so honored and grateful to be featured on the cover of Indy Real Producers Magazine for the month of May. We were chosen out of over 8,500 agents in Indianapolis to be their featured story focused on our guiding principles of 'Guide, Lead, and Protect'. You can see the cover here. Thank you to all of our clients, friends, and referral partners for making this happen!! We are extremely grateful!
We hope you had a wonderful, albeit different Mother's Day this year. Hopefully, all of the moms were spoiled and shown just how much they are loved and cherished by family and friends. As many of you know, our daughters Ana and Tali have been making us Sunday dinners for the past several weeks. Everything is scratch-made and is absolutely delicious! Here is a photo of a recent main course. They wanted a break last Sunday, so we ordered burgers from Bub's in Carmel, which were sinfully delicious. This was at Brigid's request and we were happy to support a local business. This was only the second time we ordered out since quarantine, so it was especially welcomed!
Thank you to everyone who participated in our spring client appreciation contest! Steve's Chatard High School classmate and client Brian Allen was this year's Grand Prize winner!! You can see his certificate here as well as his prize package, which was valued at over $500 from Sundown Gardens in Westfield. Congratulations, Brian!!! Thank you to everyone for entering!
Don't forget our FREE Shred Day coming up on Thursday, May 28th from 10-12 at our office. See the full flyer here for what is accepted and what isn't. You don't even have to get out of your car! We will remove all items for you. This is absolutely FREE and another way for us to say thank you for everything you do for us. Hope to see you on May 28th!
We had a great time at our inaugural virtual Happy Hour last month! Congratulations to Bill Maki for winning best dressed/best background and to Rachel Bristow for winning best drink. Both won a $25 Amazon gift card. We will be doing the same giveaway in May so plan now for your best drink and best outfit/background and win a $25 Amazon gift card. Our next Happy Hour is this Thursday, May 21st from 5-6:30pm. You should have received an Evite already with log-in details. If you didn't receive one, please e-mail me and we will get it out to you. Hope to see you there!
During this uncertain time, we find it optimal to analyze every single expense and scrutinize its necessity. We have found hundreds of dollars of savings! If you would like a guide to walk you through how to do this exercise yourself, please e-mail me at Steve@Welcome2Indy.com and I will gladly send you a worksheet to help you through this process. It is amazing to see how many expenses are no longer necessary or even duplicative. See how much money you can actually save each month and then let me know your monthly savings. We will give a prize to the person to has the highest monthly savings! You must respond with your monthly amount by June 1st to be entered.
Have you downloaded our NEW and IMPROVED real estate app?? If not, download it here. It is the most powerful real estate app in the country. Try it for yourself and let us know what you think. It is super-easy and intuitive.
As mentioned above, our real estate market, while not grinding to a halt, has slowed considerably. In the past two weeks, we have seen increased activity again, which is welcomed. Experts have placed Indy in the Top 10 Cities nationwide to come back the fastest from the pandemic for real estate. This is due, in part to our record-low inventory, strong state financial condition, being the most affordable housing market relative to income in the nation, and strong buyer demand. Here are the latest MIBOR stats comparing April 2020 to March 2020:
Median Sales Price-$210,000-UP 0.7%
Closed Sales-2,522-DOWN 14.9%
New Listings-2,782-DOWN 23.9%
Pending Sales-2,866-DOWN 9.1%
Days on Market-38 days-No change
Price/s.f.-$120-UP 1.7%
Percent of Ask Received-98.3%-UP 0.4%
Active Inventory-3,967 units-DOWN 1.7%
Absorption Rate-1.6 months-UP 14.3%
Keep in mind, these numbers are comparing April 2020 to March 2020. Usually, we show numbers comparing April 2020 to April 2019, but to show the impact COVID-19 has had in our market recently, we chose to use month over month numbers. Note that daily numbers are changing and will result in different numbers, such as the 6-days on market average on 5/13/20.
We hope you continue to stay safe, healthy, and happy. Please let us know if there is anything extra we can do to help support you. As the saying goes, 'We are all in this together'. Let's pray for more positive progress over the next month.
Click here for the May newsletter
Click here to access coupons and discount at places you shop every day
Click here to watch an intro video about our team
Click here to watch a 1-minute video about this month in real estate
Click here to read about our Senior Advantage Program
Click here to read what our clients are saying about us
Your Friends in Real Estate,
Steve, Kylie, Thea, & Patti
P.S. Please don't keep us a secret!
Happy May! All of us sincerely hope that you and your family and friends are staying safe, healthy, & happy during this unusual time. We hope that you have found some positive things that have come out of all of this, such as spending more time with family and hobbies that were put to the side for far too long. By now, you should have received the May newsletter via USPS, if you are on our mailing list. If you didn't and you would like to receive a paper copy, please e-mail me and we will happily add you to the list.
We have been asked many times, 'How is real estate?' and 'How are you doing during all of this?' To be honest, it hasn't been easy. The number of real estate transactions has plummeted, however it is important to note that every day new listings are coming on the market, offers are being accepted and transactions are closing. At the lowest, showing activity was down 38% from a year ago and now it is only down 8% from a year ago. With fewer people feeling comfortable listing and buying houses, we have had to work harder and longer hours. This is to be expected in a down market. However, we have been very fortunate with clients still listing and buying and we have sold ALL of our listing inventory!
The inventory is at an all-time low and is unhealthy. There isn't enough out there to satisfy demand. This has pushed home prices to an all-time high, appreciation is also at an all-time high of 12.8%/year and houses are selling in a record 6 days for 100% of asking price as recently as May 13th! So, if you or someone you know is thinking about selling, NOW is the time to do it! The market is begging for your house right now and will reward you handsomely. Call us today (317-573-1880) to schedule an appointment (in-person or Zoom) to learn more about your specific situation and how you can take advantage of these historic home prices...and interest rates, which are currently ~3.23% for a 30-year fixed rate conventional mortgage!
Our families and our team are all staying safe and healthy and we continue to work remote as so many of you do as well. Daily team meetings keep us connected and updated so that we don't miss a beat. Indeed, we are fortunate.
Speaking of fortunate, we are so honored and grateful to be featured on the cover of Indy Real Producers Magazine for the month of May. We were chosen out of over 8,500 agents in Indianapolis to be their featured story focused on our guiding principles of 'Guide, Lead, and Protect'. You can see the cover here. Thank you to all of our clients, friends, and referral partners for making this happen!! We are extremely grateful!
We hope you had a wonderful, albeit different Mother's Day this year. Hopefully, all of the moms were spoiled and shown just how much they are loved and cherished by family and friends. As many of you know, our daughters Ana and Tali have been making us Sunday dinners for the past several weeks. Everything is scratch-made and is absolutely delicious! Here is a photo of a recent main course. They wanted a break last Sunday, so we ordered burgers from Bub's in Carmel, which were sinfully delicious. This was at Brigid's request and we were happy to support a local business. This was only the second time we ordered out since quarantine, so it was especially welcomed!
Thank you to everyone who participated in our spring client appreciation contest! Steve's Chatard High School classmate and client Brian Allen was this year's Grand Prize winner!! You can see his certificate here as well as his prize package, which was valued at over $500 from Sundown Gardens in Westfield. Congratulations, Brian!!! Thank you to everyone for entering!
Don't forget our FREE Shred Day coming up on Thursday, May 28th from 10-12 at our office. See the full flyer here for what is accepted and what isn't. You don't even have to get out of your car! We will remove all items for you. This is absolutely FREE and another way for us to say thank you for everything you do for us. Hope to see you on May 28th!
We had a great time at our inaugural virtual Happy Hour last month! Congratulations to Bill Maki for winning best dressed/best background and to Rachel Bristow for winning best drink. Both won a $25 Amazon gift card. We will be doing the same giveaway in May so plan now for your best drink and best outfit/background and win a $25 Amazon gift card. Our next Happy Hour is this Thursday, May 21st from 5-6:30pm. You should have received an Evite already with log-in details. If you didn't receive one, please e-mail me and we will get it out to you. Hope to see you there!
During this uncertain time, we find it optimal to analyze every single expense and scrutinize its necessity. We have found hundreds of dollars of savings! If you would like a guide to walk you through how to do this exercise yourself, please e-mail me at Steve@Welcome2Indy.com and I will gladly send you a worksheet to help you through this process. It is amazing to see how many expenses are no longer necessary or even duplicative. See how much money you can actually save each month and then let me know your monthly savings. We will give a prize to the person to has the highest monthly savings! You must respond with your monthly amount by June 1st to be entered.
Have you downloaded our NEW and IMPROVED real estate app?? If not, download it here. It is the most powerful real estate app in the country. Try it for yourself and let us know what you think. It is super-easy and intuitive.
As mentioned above, our real estate market, while not grinding to a halt, has slowed considerably. In the past two weeks, we have seen increased activity again, which is welcomed. Experts have placed Indy in the Top 10 Cities nationwide to come back the fastest from the pandemic for real estate. This is due, in part to our record-low inventory, strong state financial condition, being the most affordable housing market relative to income in the nation, and strong buyer demand. Here are the latest MIBOR stats comparing April 2020 to March 2020:
Median Sales Price-$210,000-UP 0.7%
Closed Sales-2,522-DOWN 14.9%
New Listings-2,782-DOWN 23.9%
Pending Sales-2,866-DOWN 9.1%
Days on Market-38 days-No change
Price/s.f.-$120-UP 1.7%
Percent of Ask Received-98.3%-UP 0.4%
Active Inventory-3,967 units-DOWN 1.7%
Absorption Rate-1.6 months-UP 14.3%
Keep in mind, these numbers are comparing April 2020 to March 2020. Usually, we show numbers comparing April 2020 to April 2019, but to show the impact COVID-19 has had in our market recently, we chose to use month over month numbers. Note that daily numbers are changing and will result in different numbers, such as the 6-days on market average on 5/13/20.
We hope you continue to stay safe, healthy, and happy. Please let us know if there is anything extra we can do to help support you. As the saying goes, 'We are all in this together'. Let's pray for more positive progress over the next month.
Click here for the May newsletter
Click here to access coupons and discount at places you shop every day
Click here to watch an intro video about our team
Click here to watch a 1-minute video about this month in real estate
Click here to read about our Senior Advantage Program
Click here to read what our clients are saying about us
Your Friends in Real Estate,
Steve, Kylie, Thea, & Patti
P.S. Please don't keep us a secret!
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