March 2021 Home News

March 2021 Newsletter

Welcome to March and, hopefully MUCH better weather than February!! Hopefully, you survived ‘snowmageddon’ a couple of weeks ago. Brigid and Tali had to drive through that snow storm all the way from a cheer competition in Wisconsin and Brigid said that was the most difficult and nerve-wracking trip she has taken in her life. Hope you stayed safe and warm and are glad that is behind us now.

Along those lines, we had to cancel our February Happy Hour due to Matt The Miller’s not having any heat for several days. We are looking forward to welcoming you all back in March on Thursday, March 18th from 5-6:30pm. Maybe we will still be wearing some green from St. Patrick’s Day! :-)

Hope you were able to participate in our first Quarterly Prize Drawing last month. We had a TON of people call in. Congratulations to Debbie Golan for being our winner! She won an overnight stay at the brand new Autograph Collection Hotel Carmichael in Carmel. She stayed in the Presidential Suite, was greeted with champagne, chocolate-covered strawberries, cupcakes, balloons, banners, streamers, bath bombs, a charcuterie board, a gift card to Vivante (their French fine-dining restaurant) and top-notch service. Debbie celebrated her birthday and her daughter’s last weekend and had a blast!!! Our next drawing will be in May, so be sure and follow us on social media and watch your e-mail for your next chance to call in and win.

Congratulations to Tali for winning her cheer competition last weekend!! Their team came in first place and they are so excited. They have been invited to Nationals in April and will be traveling to Gatlinburg, TN this weekend for their final regular-season competition. Our entire family will be going to cheer her on. Go, Tali!!

Brigid has been in her new job at Merck for over two months now and absolutely loves it! She is busier than ever, but is enjoying doing something different and learning something new every day.

Ana finished her 2nd trimester at Guerin last week and got almost all A’s. She is starting to train for soccer next season, so she is ready to go. She just recorded her next concert for Indianapolis Children’s Choir and we are looking forward to seeing it soon. We can’t wait to be able to watch them live.

Jack and Mary Anne received their 2nd shot of the COVID vaccine about 3 weeks ago and promptly left to visit friends in Florida. They had a great time and are glad to be home again, but enjoyed finally being able to leave their house.

Patti is doing an amazing job continuing to market our team and coming up with creative ideas to better market our clients. She is becoming known as the social media and video queen around the office.

Kylie is hard at work keeping us organized and processing the seemingly endless paperwork that exists in our industry. She is regularly sought after by office staff for how to do something or organize something. Her son Jackson is in pre-school for the first time and loving it and her older son Trey is enjoying still being live at his school.

Thea is keeping very busy with all of the buyers she is working with and when not helping them find the perfect home is in the middle of training her new dog Ella.

Do you or someone you know have plans to sell your house this year or next? Come join Steve as he breaks down the selling process and shares pro-tips and secrets on how to best plan and prepare your house to go on the market in these crazy times. His next presentation is on Tuesday, April 13th at 7pm. Thea will be the presenter that evening. E-mail us and let us know if you can join us at steve@Welcome2Indy.com.

The real estate market is beyond crazy right now. Indy is seeing record-low inventory levels of fewer than 4 weeks and Hamilton County is fewer than 2 weeks! Some builders are so busy that they are no longer taking contracts in some neighborhoods. In my 21+ years in real estate, I have never seen anything like this! Suffice it to say, sellers are getting record prices for their houses right now. The biggest issue sellers have is not knowing where they are going to go. We do have some proven strategies that work in this market. If you or someone you care about would like to know what your house is worth, give us a call-317-573-1880. I guarantee you the online value estimators are not accurate and can’t begin to keep up with this market and they certainly don’t know the condition of your house. We would be happy to give you an up-to-the minute valuation on your house that is accurate and professional and interpret this market and how it specifically affects YOU and YOUR unique situation and how to best leverage your advantages. With interest rates around 3% right now, you are in an historically good time to sell.

Here are the latest stats from MIBOR comparing January 2021 to December 2020. Look at the number of pending sales compared to new listings. This is an indictor that our market is going to continue to shrink, however we ARE seeing more houses coming on the market really starting on Thursday of last week.

Median sales price-DOWN 4.5% to $212,000
Closed sales-DOWN 39.7% to 2,042 units
New listings-UP 13.7% to 2,362 units
Pending sales-UP 26.6% to 2,886 units
Days on market-UP 15.2% to 38 days
Price per s.f.-DOWN 1.6% to $126
% of ask received-DOWN 0.2% to 98.2%
Active inventory-DOWN 20.6% to 1,908 units
Absorption rate-UP 28.6% to 0.9 months
Happy St. Patrick’s Day!!

Your friends in real estate,

Steve, Kylie, Patti, and Thea

P.S. Please don’t keep us a secret!

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