Welcome to June and the official start to summer. This has been more than a strange spring. From a global pandemic, to protests and riots, to killer hornets, locusts in Africa, and the 7-year cycle for some species of Cicadas, it can seem rather biblical. We certainly hope this e-mail finds you and your loved ones safe, healthy and happy. Those can seem rather elusive right now. If there is something you need that we can help support you or your business, please let us know. We are absolutely happy to help however we can to support you.
On the health front, as of right now COVID-19 has significantly subsided with most hospitals reporting very few, if any COVID-19 patients. We certainly hope that the numbers continue to drop and that we are at the predicted zero cases by July 1st and by July 4th we are able to safely get back to our 'new' normal, which may even include a parade and fireworks, if we are lucky.
As for our family, Tali has been out of school for 3-weeks now and Ana just finished a week ago. Tali will be a 5th grader and Ana a sophomore at Guerin. It is hard to believe! Ana has to take PE and health this summer since she started Guerin in the 2nd trimester and missed the first trimester of it. While she isn't looking forward to it, it will be good to get her moving in the mornings as she is like a typical teenager and can sleep until noon, if you let her. She is going to play soccer for Guerin this fall and will be practicing all summer as well and will also sing in one of Guerin's choirs and will be going back to Indianapolis Children's Choir Master Chorale since she graduated from the youth program this year. She has also been doing such a great job as Chef Ana cooking Sunday dinners all from scratch. They are so absolutely delicious and we love enjoying her cooking.
Tali is going to horse camp in Zionsville for a few weeks and absolutely loves it! On top of that, she decided to quit competitive gymnastics after four years and is instead doing competitive cheer at ICE and has already started practices, which are kicking her butt!
Brigid is still at home as Merck will not allow any reps to go out for a few more weeks. The good news is that she still has a job, full pay and benefits, so we are extremely grateful there.
Steve's parents Jack and Mary Anne are getting back out again, but did cancel their trip to Branson last week, per the urging of Steve and Michelle. They are enjoying seeing some of their friends and family again and we enjoyed having them over last week for a belated Mother's Day celebration.
Kylie's big news is that Carmel finally took them off of well water and hooked them up to city water. She has been waiting for this for over a year as their well was going out. Her dog ripped a big gash in her hands and she is recovering from that now.
Patti is enjoying getting jobs done around the house and now that Ron is retired, he is able to do work during the week.
Thea is in final preparations for her wedding to Michael on June 20th in Cleveland. Her plans for a wedding here in Indy have been cancelled due to COVID-19 and will instead have a small wedding with family and then have a delayed reception next summer here in Indy. We can't wait!
As for the real estate market, we are getting asked daily how it is doing right now. Fortunately, it is recovering very nicely. We have been ranked as a Top 10 city to recover fastest from the pandemic and we are seeing that. Activity has picked up a lot and is getting close to where it usually is for the spring. We are hoping the spring market will shift into the summer and fall. We are in dire need of inventory right now. We are near an all-time low of 1.6 months right now. A balanced market is around 6 months. We have lots of buyers, but no homes to show them. If you know of someone thinking of selling, please give us a call. We would love to consult with them about their options, which include selling at the highest prices in history in the shortest amount of time.
Here are some numbers from MIBOR for April 2020 vs. April 2019. May numbers will come out in a week.
Median Sales Price-$210,000-UP 0.7%
Closed Sales-2,522 units-DOWN 14.9%
New Listings-2,782 units-DOWN 23.9%
Pending Sales-2,866 units-DOWN 9.1%
Days on Market-38 days-No change
Price per s.f.-$120-UP 1.7%
% of Ask Received-98.3%-UP 0.4%
Active Inventory-3,967 units-DOWN 1.7%
Absorption Rate-1.6 months-UP 14.3%
It will be interesting to see where May's numbers come in, but these could have been MUCH worse, as you can imagine.
We truly hope that you stay safe and healthy, especially now. We also hope that you will take time to celebrate all of the wonderful dads out there for Father's Day this month. We wouldn't be who we are without you!
A few updates and reminders:
Thank you to everyone who attended our May virtual Happy Hour! We had a great time and gave out some fun prizes for best dressed (Rhoda Israelov) and winner of our May trivia challenge on our call (Gene Ziobron). Please join us next week for our June virtual Happy Hour on Thursday, June 18th from 5-6:30pm. Bring your favorite drink and come ready for some fun trivia questions and your chance to win some prizes. Here is the link: https://us02web.zoom.us/j/9756645504. We hope this is the last virtual Happy Hour and we can go back to seeing you all in-person in July. Stay tuned for updates.
Wow!!!! We had over 400 cars for our Shred Day a couple of weeks ago!!! This was an all-time record...by a LOT! We filled up one entire truck and had to call a second one! The recycling truck was also full. This was so popular that we are going to do another one in July. Mark your calendars for Thursday, July 16th from 10AM-12pm at our office again. Anything you want shredded or electronics to be recycled can be disposed of. This is absolutely FREE for our clients and referral partners.
A lot of people have asked us for our preferred contractors as so many people are getting house projects completed. Please call or e-mail us any time and we are happy to get you some names of great contractors you can trust to handle all of your projects...big or small.
If you have a mortgage and you haven't checked to see if you should re-finance, you may want to take some time to look into it. Rates are at or near all-time lows and if you have a 30-year fixed conventional mortgage, for example the rate is around 3.25%. Call or e-mail us today for our preferred loan partner who will be happy to help you figure out if it makes sense to refinance or not.
So, what did you think of our video intro last month? Did you like it? We would love your feedback on how we can improve. Let us know.
Click here for our June video
Click here for our June newsletter
Click here to visit our website full of real estate resources
Click here to access coupons and discount at places you shop every day
Click here to watch a 1-minute video about this month in real estate
Click here to read reviews of what other people are saying about us and our service
Click here to download the BRAND NEW and most powerful real estate app available
Enjoy summer!!!
Your Friends in Real Estate,
Steve, Kylie, Thea, & Patti
P.S. Please don't keep us a secret.
On the health front, as of right now COVID-19 has significantly subsided with most hospitals reporting very few, if any COVID-19 patients. We certainly hope that the numbers continue to drop and that we are at the predicted zero cases by July 1st and by July 4th we are able to safely get back to our 'new' normal, which may even include a parade and fireworks, if we are lucky.
As for our family, Tali has been out of school for 3-weeks now and Ana just finished a week ago. Tali will be a 5th grader and Ana a sophomore at Guerin. It is hard to believe! Ana has to take PE and health this summer since she started Guerin in the 2nd trimester and missed the first trimester of it. While she isn't looking forward to it, it will be good to get her moving in the mornings as she is like a typical teenager and can sleep until noon, if you let her. She is going to play soccer for Guerin this fall and will be practicing all summer as well and will also sing in one of Guerin's choirs and will be going back to Indianapolis Children's Choir Master Chorale since she graduated from the youth program this year. She has also been doing such a great job as Chef Ana cooking Sunday dinners all from scratch. They are so absolutely delicious and we love enjoying her cooking.
Tali is going to horse camp in Zionsville for a few weeks and absolutely loves it! On top of that, she decided to quit competitive gymnastics after four years and is instead doing competitive cheer at ICE and has already started practices, which are kicking her butt!
Brigid is still at home as Merck will not allow any reps to go out for a few more weeks. The good news is that she still has a job, full pay and benefits, so we are extremely grateful there.
Steve's parents Jack and Mary Anne are getting back out again, but did cancel their trip to Branson last week, per the urging of Steve and Michelle. They are enjoying seeing some of their friends and family again and we enjoyed having them over last week for a belated Mother's Day celebration.
Kylie's big news is that Carmel finally took them off of well water and hooked them up to city water. She has been waiting for this for over a year as their well was going out. Her dog ripped a big gash in her hands and she is recovering from that now.
Patti is enjoying getting jobs done around the house and now that Ron is retired, he is able to do work during the week.
Thea is in final preparations for her wedding to Michael on June 20th in Cleveland. Her plans for a wedding here in Indy have been cancelled due to COVID-19 and will instead have a small wedding with family and then have a delayed reception next summer here in Indy. We can't wait!
As for the real estate market, we are getting asked daily how it is doing right now. Fortunately, it is recovering very nicely. We have been ranked as a Top 10 city to recover fastest from the pandemic and we are seeing that. Activity has picked up a lot and is getting close to where it usually is for the spring. We are hoping the spring market will shift into the summer and fall. We are in dire need of inventory right now. We are near an all-time low of 1.6 months right now. A balanced market is around 6 months. We have lots of buyers, but no homes to show them. If you know of someone thinking of selling, please give us a call. We would love to consult with them about their options, which include selling at the highest prices in history in the shortest amount of time.
Here are some numbers from MIBOR for April 2020 vs. April 2019. May numbers will come out in a week.
Median Sales Price-$210,000-UP 0.7%
Closed Sales-2,522 units-DOWN 14.9%
New Listings-2,782 units-DOWN 23.9%
Pending Sales-2,866 units-DOWN 9.1%
Days on Market-38 days-No change
Price per s.f.-$120-UP 1.7%
% of Ask Received-98.3%-UP 0.4%
Active Inventory-3,967 units-DOWN 1.7%
Absorption Rate-1.6 months-UP 14.3%
It will be interesting to see where May's numbers come in, but these could have been MUCH worse, as you can imagine.
We truly hope that you stay safe and healthy, especially now. We also hope that you will take time to celebrate all of the wonderful dads out there for Father's Day this month. We wouldn't be who we are without you!
A few updates and reminders:
Thank you to everyone who attended our May virtual Happy Hour! We had a great time and gave out some fun prizes for best dressed (Rhoda Israelov) and winner of our May trivia challenge on our call (Gene Ziobron). Please join us next week for our June virtual Happy Hour on Thursday, June 18th from 5-6:30pm. Bring your favorite drink and come ready for some fun trivia questions and your chance to win some prizes. Here is the link: https://us02web.zoom.us/j/9756645504. We hope this is the last virtual Happy Hour and we can go back to seeing you all in-person in July. Stay tuned for updates.
Wow!!!! We had over 400 cars for our Shred Day a couple of weeks ago!!! This was an all-time record...by a LOT! We filled up one entire truck and had to call a second one! The recycling truck was also full. This was so popular that we are going to do another one in July. Mark your calendars for Thursday, July 16th from 10AM-12pm at our office again. Anything you want shredded or electronics to be recycled can be disposed of. This is absolutely FREE for our clients and referral partners.
A lot of people have asked us for our preferred contractors as so many people are getting house projects completed. Please call or e-mail us any time and we are happy to get you some names of great contractors you can trust to handle all of your projects...big or small.
If you have a mortgage and you haven't checked to see if you should re-finance, you may want to take some time to look into it. Rates are at or near all-time lows and if you have a 30-year fixed conventional mortgage, for example the rate is around 3.25%. Call or e-mail us today for our preferred loan partner who will be happy to help you figure out if it makes sense to refinance or not.
So, what did you think of our video intro last month? Did you like it? We would love your feedback on how we can improve. Let us know.
Click here for our June video
Click here for our June newsletter
Click here to visit our website full of real estate resources
Click here to access coupons and discount at places you shop every day
Click here to watch a 1-minute video about this month in real estate
Click here to read reviews of what other people are saying about us and our service
Click here to download the BRAND NEW and most powerful real estate app available
Enjoy summer!!!
Your Friends in Real Estate,
Steve, Kylie, Thea, & Patti
P.S. Please don't keep us a secret.
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