Happy Fall!!! Like it or not, pumpkin spice lattes, football, Fall festivals, and hot apple cider are here!! Fall is also usually a time for the real estate market to make its final push before winter. More on that later…
We hope that you are enjoying the cooler temps and watching football again after a long break. It is hard to believe that soccer is almost over and sectionals are only a couple of weeks away. Ana is looking forward to the end of this season and having more time for pursuing other interests. Tali only has two more football games for which to cheer the first week of October and then that season is over. Her school competition cheer team had their first competition a couple of weeks ago and they placed first! The next one coming up will be MUCH harder!
Brigid just got back from a business trip to Philly and then leaves again for another trip to Denver in a week. She will be able to see her aunt and uncle and maybe cousins who live out there now and is looking forward to that.
As a family, we are looking forward to Fall Break next month. We have been anxiously awaiting this trip for 3 years since we had to cancel it due to the pandemic. We are headed to Italy! We have never been before and are SO excited! We will be touring Milan, Lake Cuomo, as well as part of Switzerland and the Alps. If you have traveled to any of these places and have some must-do experiences, please let me know.
Thea is staying extremely busy helping buyers in this shifting marketing. Making sure you have an extremely strong advocate who is knowledgeable about not only the market, but also the mortgage environment is crucial right now.
Kylie is keeping very busy with keeping up with the team paperwork and reports as well as marketing (with Thea’s help as well). She is doing a great job, as always keeping everything organized so we and our clients don’t miss a beat!
Lots happening for our clients over the next few months!!! Thank you to everyone who attended our September Happy Hour. We had a great turnout and really enjoyed hearing from our sponsor Sarah Snarr with Journey Injection Lounge-309-621-5797. If you have thought about cosmetic injections or need to address joint pain, give Sarah a call. She is a Nurse Practitioner who puts her clients first and achieves great results.
Our October Happy Hour is being moved back one week due to Fall Break. Please join us on Thursday, October 27th from 5-6:30pm at Matt The Miller’s in Carmel. Our sponsor this month is Susie Chamberlin with 360-Tour Design. They do all of our photo and video shoots for our listings and do an amazing job!! As always, we will cover the food and drinks. Come relax, meet some new friends and maybe some old ones and share a smile with us. You are welcome to bring a friend as well!
I hope you were able to join us for Thea’s Home Buyer Workshop on the 28th. She covers what is going on in the market right now as well as what the home buying process looks like and how to position yourself to be successful. She also answers all of your questions. If you or someone you care about are thinking of buying a home in the next year, please sign up for this awesome workshop. Guarantee you will learn something new! You can text Thea at 440-862-1118 to register for the October workshop on the 26th.
Thank you to those who attended my Home Seller Workshop on the 13th of September. We covered the Top Ten Dumb Mistakes Smart People Make When Selling Their House. We also covered the current shifting market, what specifically that means for each participant, what the future is likely to hold (our crystal balls are a little cloudy right now as well!) and how you can make your house stand out in this market when homes are not typically selling in a day anymore. The next workshop will be on October 11th from 7-8:30pm via Zoom. Contact Steve at 317-339-7698 to get registered.
Mark your calendars now for November 22nd for our annual Thanksgiving Day Pie Pick-up. We will again be supporting No Label at The Table this year and provide gluten-free pies AND we will also be providing regular pies for those who prefer those. You will have several flavors from which to choose and we will have your pie ready to pick up on the 22nd. Look for more info in the mail and e-mail soon!
Also, mark your calendars for our annual Photos with Santa on Saturday, November 19th at our office from 11AM-3PM. The first hour is for sensory-sensitive children only. It will be on the 4th floor of our building this year. Photos will be sent to you within a week so you can include them on holiday cards whether they are printed or digital. We will have a Santa’s workshop and your children can write a letter to Santa and he will be responding to each one!!!
Due to Thanksgiving, we are moving our November Happy Hour back two weeks to December 1st from 5-6:30pm. We hope you will join us for our last Happy Hour of the year!!
Also, a bit of sad news to report. Your calendars for 2023 will be the LAST ones you will receive from us. We have provided calendars for our clients for over 40-years!!! Sadly, like so many print materials, they have become obsolete for so many of our clients. After talking with many of you, we made the decision to make 2023 the final year. As you can imagine, they are very expensive for us to send and have only gotten more expensive over the years. With so many people (including our families) only using electronic calendars to keep track of everything, we felt this was the right decision. Thank you for understanding!
Finally, the real estate market. It. Has. Shifted. Houses are not selling in hours. Most houses aren’t even selling in days. Most houses are taking weeks to sell now and 41% of houses have needed a price reduction in order to sell. Builders are offering nice incentives again, such as $20,000 Design Center credits and $10,000 toward closing costs. Things have drastically changed in 6-months, however we are still extremely short of housing supply. It is trending up, but we are a long way away from being in a balanced market defined as approximately 6-months of inventory. We have 1-month of inventory right now! Interest rates continue to climb to the high 6% range, which is still below the 40-year average of around 8%. We do expect them to come back down next year. If you are thinking of buying/selling/building/investing in a house, give us a call TODAY so we can walk you through your options as you have many right now. Below are some stats from MIBOR comparing August 2022 to July 2022:
Median Sales Price-DOWN 3.1% to $285,000
Closed Sales-UP 1.0% to 3,461 units
New Listings-DOWN 8.4% to 3,761 units
Pending Sales-UP 2.0% to 3,486 units
Days on Market-UP 35.3% to 23 days
Price per s.f.-DOWN 1.2% to $166
% of Ask Received-DOWN 1.4% to 99.3%
Active Inventory-UP 3.9% to 4,010 units
Absorption Rate-9.1% to 1.2 months
Happy Fall!!! See you soon at an upcoming event!!
Enjoy the October newsletter (click here) and let us know what you think!
Your Friends in Real Estate,
Steve, Kylie, Thea, and Mark
P.S. Please don’t keep us a secret!
Wednesday, September 28, 2022
Saturday, September 03, 2022
September 2022 Newsletter
The end of another summer and the start of another school year. Why does it seem like the older we get, the shorter time seems to be? Ana is in her senior year at Guerin Catholic and we are finishing up applications for colleges. Clemson is still her #1 choice, by far. She is making the most of her senior year by being involved in a lot around school from Deca to school choir to managing the varsity women’s soccer team, to attending football games on Friday nights. Time is going so fast and before we know it, we will be posting move-in photos for college next year!!
Natalia is in 7th grade at Westfield Middle School and is heavily involved in competitive cheer. She is still cheering at ICE, which is her All-Star cheer team as well as her school sideline cheer team for football games and her school competition team. The school cheer teams are new for her and so far she really enjoys them. Many of her ICE teammates are also on the school team, so she knows many of them already.
Brigid is still rocking it at Merck and is taking on more and more responsibility as they roll up a division under her. She is much busier than she was as a field rep, but loves every minute of it. So very proud of her!!!
My biggest news is that I turned 50 a couple of weeks ago! While it is just a number and another day, it IS quite the milestone and the alternative isn’t too appealing! Brigid threw me a nice party (it wasn’t a surprise party) and it was so nice to see so many friends and neighbors.
Thea has been enjoying this shifting market and having more than 5-minutes in order to see and write an offer on houses for her buyers!! She has been keeping busy with not only quite a few buyers, but also working at Greekfest and she is the Council Chairwoman for the Westfield Young Professionals who are organizing an amazing Young Professionals Leadership Conference on September 8th. We are also a sponsor. If you or someone you know is under the age of 40, we would LOVE to have you attend and there are a few tickets still remaining. E-mail Thea at thea@Welcome2Indy.com and she will get you registered.
Kylie has been focused on getting her kiddos back in school over the past couple of weeks. Trey is a freshman at Carmel High School. That is always a significant transition from elementary school, but he is doing well. Jax is starting kindergarten this year, which is also a huge transition and he has been so excited!! On top of this, Kylie organized our first Broker Progressive Open House for a builder we represent, Olthof Homes and she just knocked it out of the park!
We hope you were able to make our Party in The Park a couple of weeks ago. We had a great time with some amazing live music courtesy of The Beatless, Kona Ice truck, photo booth, caricature artist, magician, and games, food, and drink. If you missed it, we hope to see you at an upcoming event soon!!
Speaking of upcoming events, join us for our Happy Hours! They are always the 3rd Thursday of each month from 5-6:30pm at Matt The Miller’s in Carmel. Food and drinks are always on us! Thank you to our sponsor last month Jonathan Walla with Walla Painting. They are our go-to painter for not only all of our clients, but also personally. They do an amazing job, are trustworthy and very competitive on price. If you are considering a painting job soon, give Jonathan a call at 317-999-8124. Tell him I sent you. Join us for our next Happy Hour on Thursday, September 15th. RSVP to events@Welcome2Indy.com by September 13th.
Thea and I are hosting virtual Buyer and Seller Workshops monthly. If you or someone you know is thinking of buying, selling, or building in the next year, please join us. We will be talking about what the process looks like, the most common mistakes we see people make and how to avoid them and answer any questions you have. This is a laid-back, conversational hour of learning. Steve’s next Seller Workshop is at 7pm on September 13th and Thea’s next Buyer Workshop is at 5:30pm on September 28th. RSVP via the Eventbrite link you should have received or just e-mail us and we will get you signed up. steve@Welcome2Indy.com or thea@Welcome2Indy.com
Based on the feedback, we know you want an all-expense paid vacation!!! Our next $5,000 vacation giveaway is coming up in 2-weeks!! Call us from 11:30AM-5:30pm on Tuesday, September 13th and we will get you registered for the $5,000. If you give us a referral, we will add 5 entries PER REFERRAL! The phone number to call is 317-975-1511. We hope to hear from you!
There has been a LOT of talk lately about the economy and especially real estate. Interest rates have gone up for the moment, but are still below the 40-year average of 8%. Also, housing inventory is creeping back up again and that is a welcome change from the 2-week inventory we have had for the past year! We are still only at 1-month of supply and we should be around 6 months +/-.
We are expecting mortgage interest rates to fall starting Q4 of this year as we have entered an official recession and history has shown us that interest rates have fallen in every one of the past 6 recessions. None of the economists or industry leaders I have heard believe this will be a long or deep recession and we should pull out of it by summer 2023. Time will tell if they are correct or not.
Is our market overvalued?? Recent news stories would have you believe so, however consider this-the average appreciation rate for the US over the past 40-years is ~4%. If you set a trend line of 4% over those 40-years and extend it to today, we are right where we should be! This takes into account The Great Recession as well as our recent boom. Will some markets around the US depreciate slightly?? Most likely yes. I do not believe Indianapolis will be one of them and neither do any of the economists with whom I have spoken.
This is still a great time to buy or sell. You have never been able to get as high of a price for your house as you will today. If you are a buyer, you DO have more time and inventory from which to choose. As the adage goes, Marry the house and date the rate! Want more info or info specific to YOUR situation, please e-mail me at Steve@Welcome2Indy.com.
Below are some market stats courtesy of MIBOR comparing July 2022 to June 2022:
Median Sales Price-DOWN 1.8% to $294,500
Closed Sales-DOWN 9.8% to 3,404 units
New Listings-DOWN 17.8% to 4,087 units
Pending Sales-DOWN 0.7% to 3,585 units
Days on Market-UP 28.6% to 18 days
Price per s.f.-DOWN 0.6% to $168
% of Ask Received-DOWN 1.2% to 100.7%
Active Inventory-UP 12.8% to 3,866 units
Absorption Rate-UP 22.2% to 1.1 months
Have a great Fall and we hope to see you at some of our upcoming events!!!
Your Friends in Real Estate,
Steve, Kylie, Thea, and Mark
P.S. Please don’t keep us a secret!
Click here to read our September newsletter
Natalia is in 7th grade at Westfield Middle School and is heavily involved in competitive cheer. She is still cheering at ICE, which is her All-Star cheer team as well as her school sideline cheer team for football games and her school competition team. The school cheer teams are new for her and so far she really enjoys them. Many of her ICE teammates are also on the school team, so she knows many of them already.
Brigid is still rocking it at Merck and is taking on more and more responsibility as they roll up a division under her. She is much busier than she was as a field rep, but loves every minute of it. So very proud of her!!!
My biggest news is that I turned 50 a couple of weeks ago! While it is just a number and another day, it IS quite the milestone and the alternative isn’t too appealing! Brigid threw me a nice party (it wasn’t a surprise party) and it was so nice to see so many friends and neighbors.
Thea has been enjoying this shifting market and having more than 5-minutes in order to see and write an offer on houses for her buyers!! She has been keeping busy with not only quite a few buyers, but also working at Greekfest and she is the Council Chairwoman for the Westfield Young Professionals who are organizing an amazing Young Professionals Leadership Conference on September 8th. We are also a sponsor. If you or someone you know is under the age of 40, we would LOVE to have you attend and there are a few tickets still remaining. E-mail Thea at thea@Welcome2Indy.com and she will get you registered.
Kylie has been focused on getting her kiddos back in school over the past couple of weeks. Trey is a freshman at Carmel High School. That is always a significant transition from elementary school, but he is doing well. Jax is starting kindergarten this year, which is also a huge transition and he has been so excited!! On top of this, Kylie organized our first Broker Progressive Open House for a builder we represent, Olthof Homes and she just knocked it out of the park!
We hope you were able to make our Party in The Park a couple of weeks ago. We had a great time with some amazing live music courtesy of The Beatless, Kona Ice truck, photo booth, caricature artist, magician, and games, food, and drink. If you missed it, we hope to see you at an upcoming event soon!!
Speaking of upcoming events, join us for our Happy Hours! They are always the 3rd Thursday of each month from 5-6:30pm at Matt The Miller’s in Carmel. Food and drinks are always on us! Thank you to our sponsor last month Jonathan Walla with Walla Painting. They are our go-to painter for not only all of our clients, but also personally. They do an amazing job, are trustworthy and very competitive on price. If you are considering a painting job soon, give Jonathan a call at 317-999-8124. Tell him I sent you. Join us for our next Happy Hour on Thursday, September 15th. RSVP to events@Welcome2Indy.com by September 13th.
Thea and I are hosting virtual Buyer and Seller Workshops monthly. If you or someone you know is thinking of buying, selling, or building in the next year, please join us. We will be talking about what the process looks like, the most common mistakes we see people make and how to avoid them and answer any questions you have. This is a laid-back, conversational hour of learning. Steve’s next Seller Workshop is at 7pm on September 13th and Thea’s next Buyer Workshop is at 5:30pm on September 28th. RSVP via the Eventbrite link you should have received or just e-mail us and we will get you signed up. steve@Welcome2Indy.com or thea@Welcome2Indy.com
Based on the feedback, we know you want an all-expense paid vacation!!! Our next $5,000 vacation giveaway is coming up in 2-weeks!! Call us from 11:30AM-5:30pm on Tuesday, September 13th and we will get you registered for the $5,000. If you give us a referral, we will add 5 entries PER REFERRAL! The phone number to call is 317-975-1511. We hope to hear from you!
There has been a LOT of talk lately about the economy and especially real estate. Interest rates have gone up for the moment, but are still below the 40-year average of 8%. Also, housing inventory is creeping back up again and that is a welcome change from the 2-week inventory we have had for the past year! We are still only at 1-month of supply and we should be around 6 months +/-.
We are expecting mortgage interest rates to fall starting Q4 of this year as we have entered an official recession and history has shown us that interest rates have fallen in every one of the past 6 recessions. None of the economists or industry leaders I have heard believe this will be a long or deep recession and we should pull out of it by summer 2023. Time will tell if they are correct or not.
Is our market overvalued?? Recent news stories would have you believe so, however consider this-the average appreciation rate for the US over the past 40-years is ~4%. If you set a trend line of 4% over those 40-years and extend it to today, we are right where we should be! This takes into account The Great Recession as well as our recent boom. Will some markets around the US depreciate slightly?? Most likely yes. I do not believe Indianapolis will be one of them and neither do any of the economists with whom I have spoken.
This is still a great time to buy or sell. You have never been able to get as high of a price for your house as you will today. If you are a buyer, you DO have more time and inventory from which to choose. As the adage goes, Marry the house and date the rate! Want more info or info specific to YOUR situation, please e-mail me at Steve@Welcome2Indy.com.
Below are some market stats courtesy of MIBOR comparing July 2022 to June 2022:
Median Sales Price-DOWN 1.8% to $294,500
Closed Sales-DOWN 9.8% to 3,404 units
New Listings-DOWN 17.8% to 4,087 units
Pending Sales-DOWN 0.7% to 3,585 units
Days on Market-UP 28.6% to 18 days
Price per s.f.-DOWN 0.6% to $168
% of Ask Received-DOWN 1.2% to 100.7%
Active Inventory-UP 12.8% to 3,866 units
Absorption Rate-UP 22.2% to 1.1 months
Have a great Fall and we hope to see you at some of our upcoming events!!!
Your Friends in Real Estate,
Steve, Kylie, Thea, and Mark
P.S. Please don’t keep us a secret!
Click here to read our September newsletter
Sunday, July 24, 2022
August 2022 Real Estate Update
Back to school time is just about here again. How does it seem like summer just flies by each year? We hope you and those you care about are having an amazing summer and are creating some fun summer memories. Keep reading for a BRAND NEW event we have created that will do just that!!!
Probably the biggest news (at least for me!) is that I turn 50-years old on August 6th! How is this possible? I certainly don’t FEEL 50, but the numbers don’t lie. Ugh! At least my family were kind enough to ask if I wanted a party or not. I said, ‘Why not?’ Everyone needs a reason to throw a good party!! So, a party it will be and since August 6th falls on a Saturday, it should be even more fun!! I can celebrate officially being old enough to be a full member of AARP!
Ana is starting her senior at Guerin Catholic this year. Instead of playing on the soccer team, she chose to be the team manager as she has had one too many concussions. She loves it and enjoys being with all of her friends on the team. The college admissions applications are ready to be sent on August 1st when they open and she is gunning for Clemson. She has visited campus twice and absolutely loves it and feels at home there. We will see what the admissions gods have to say and will keep you posted.
Tali is working on her choreography for her cheer team as I write this. Since she moved up a level and is the strongest base on the team, there is a lot of weight on her shoulders, literally and figuratively. She absolutely loves it and the gym owner decided to coach her team this year and has made their routine harder than ever before. She wants to WIN. As long as Tali is having fun, we are good with it. They should be a formidable force this year.
Brigid is working harder than ever after being promoted and hiring her team. It seems she is on conference calls all day with a never-ending list of To-Dos. She loves what she does, so that is all that matters.
For those of you who knew Patti on our team, she was our Marketing Director. She decided to pursue a different direction in her life suddenly and we wished her well about a month ago. We hope she is happy with this new chapter and will miss having her coordinate all of our marketing for our clients and team.
Kylie has taken up Patti’s responsibilities, so she is busier than ever. She is doing well and she does have help in that we hired a Virtual Assistant about 4 months ago. His name is Mark and he has been an absolute delight to have on the team helping us from the other side of the world. He has taken a lot of the pressure off of Kylie until we find a new Marketing Director. If you know of someone who would make an outstanding team member for us, please let me know. We are going to hold off on hiring for the immediate future, but will do so before too long.
Thea has been busting her butt all year long and is just getting busier and busier. She is handling the extra work like a champ and getting offers accepted for our buyers left and right. With the market softening, our buyers are finding their offers are getting a little more attention than before and that is especially helpful for our first-time buyers. She also hosted a very successful first-time buyer workshop on July 12th and will be hosting another one in August. Please contact her to be added to the list. It is Zoom only. thea@Welcome2Indy.com
I hosted a seller workshop also on July 12th and we had a great time learning about the Top 10 Mistakes Smart People Make When Selling Their House. Our next one is on August 9th at 7pm. Please contact me if you would like to attend. steve@Welcome2Indy.com
Thank you to everyone who attended our July Happy Hour!!! We had a great group and a lot of fun! If you haven’t ever attended (or even if you have), please consider joining us at our August Happy Hour on August 18th from 5-6:30pm at Matt The Miller’s in Carmel. As always, drinks and food are on us!!!
HUGE ANNOUNCEMENT!!!
For the first time ever, we are hosting a Party in The Park on Sunday, August 12th from 1-4pm. Thank you to our lender partner Mark Kuchik with CrossCountry Mortgage for co-sponsoring this event. You do NOT want to miss this!!! You should have received e-mails and a postcard already. Please RSVP for this by August 10th. Links are in the e-mails and postcard, but if you would like to attend and can’t find the link, please e-mail kylie@Welcome2Indy.com with the number of tickets you would like and we will register you. Check out what we have in store for the afternoon:
Live Band-The Beatless
Magician
Caricature artist
Kona Ice truck
Photo Booth
Games
Food
Drinks
We hope you will join us!!!
As mentioned earlier, our market has absolutely softened in the past few months. This does NOT mean we are seeing a ‘bubble bursting’. There is a big difference between ‘depreciation’ and ‘deceleration’. We are seeing the latter. In the first quarter of this year, home price appreciation hit the highest on record at 20.3%!!! That is simply not sustainable. Since then, mortgage rates have risen, but so have home prices…just at a much slower pace. We expect the year to end at around 5-7% annualized appreciation. This is still much higher than our average of 3%/year. This is a great time to buy/sell a house. There is less buyer competition, but people are still getting record prices for their houses. Interest rates are expected to fall next year, so if that is the case and you have a higher interest rate, you can re-finance for a modest fee. As the saying goes, ‘Marry the house and date the rate.’
Here are some stats from MIBOR comparing June 2022 to May 2022:
Median Sales Price-UP 3.8% to $300,000 (another record!)
Closed Sales-UP 9.2% to 3,711 units
New Listings-UP 15.9% to 4,925 units (this is a good thing!)
Pending Sales-UP 1.1% to 3,842 units (more houses are coming on the market than are being sold. This is helping our inventory shortage)
Days on Market-UP 7.7% to 14 days
Price per s.f.-UP 0.6% to $169
% of Ask Received-DOWN 0.5% to 101.9% (still an amazing number, but trending down showing weakening competition from buyers)
Active Inventory-UP 47.3% to 3,414 units (this number is HUGE!!!!)
Absorption Rate-UP 28.6% to 0.9 months (still anemic, but getting longer)
Bottom line, you can see the market shifting in just ONE month. Pay attention to these numbers. They are still excellent, but shift your expectations. Dave Ramsey says this year will be probably one of the best years to buy/sell in history. Listen to one of his latest podcasts and he will explain why he believes this, but suffice it to say, if you are even thinking of buying or selling, give us a call. We will walk you through your options and set realistic expectations with you, so you can make an informed decision. It’s what we do…Guide, Lead, and Protect our clients.
Have a great rest of the summer!!! If you see me, please go easy on the 50th birthday jokes…
Your Friends in Real Estate,
Steve, Kylie, Thea, and Mark
P.S. Please don’t keep us a secret!
Click here to read our August newsletter
Probably the biggest news (at least for me!) is that I turn 50-years old on August 6th! How is this possible? I certainly don’t FEEL 50, but the numbers don’t lie. Ugh! At least my family were kind enough to ask if I wanted a party or not. I said, ‘Why not?’ Everyone needs a reason to throw a good party!! So, a party it will be and since August 6th falls on a Saturday, it should be even more fun!! I can celebrate officially being old enough to be a full member of AARP!
Ana is starting her senior at Guerin Catholic this year. Instead of playing on the soccer team, she chose to be the team manager as she has had one too many concussions. She loves it and enjoys being with all of her friends on the team. The college admissions applications are ready to be sent on August 1st when they open and she is gunning for Clemson. She has visited campus twice and absolutely loves it and feels at home there. We will see what the admissions gods have to say and will keep you posted.
Tali is working on her choreography for her cheer team as I write this. Since she moved up a level and is the strongest base on the team, there is a lot of weight on her shoulders, literally and figuratively. She absolutely loves it and the gym owner decided to coach her team this year and has made their routine harder than ever before. She wants to WIN. As long as Tali is having fun, we are good with it. They should be a formidable force this year.
Brigid is working harder than ever after being promoted and hiring her team. It seems she is on conference calls all day with a never-ending list of To-Dos. She loves what she does, so that is all that matters.
For those of you who knew Patti on our team, she was our Marketing Director. She decided to pursue a different direction in her life suddenly and we wished her well about a month ago. We hope she is happy with this new chapter and will miss having her coordinate all of our marketing for our clients and team.
Kylie has taken up Patti’s responsibilities, so she is busier than ever. She is doing well and she does have help in that we hired a Virtual Assistant about 4 months ago. His name is Mark and he has been an absolute delight to have on the team helping us from the other side of the world. He has taken a lot of the pressure off of Kylie until we find a new Marketing Director. If you know of someone who would make an outstanding team member for us, please let me know. We are going to hold off on hiring for the immediate future, but will do so before too long.
Thea has been busting her butt all year long and is just getting busier and busier. She is handling the extra work like a champ and getting offers accepted for our buyers left and right. With the market softening, our buyers are finding their offers are getting a little more attention than before and that is especially helpful for our first-time buyers. She also hosted a very successful first-time buyer workshop on July 12th and will be hosting another one in August. Please contact her to be added to the list. It is Zoom only. thea@Welcome2Indy.com
I hosted a seller workshop also on July 12th and we had a great time learning about the Top 10 Mistakes Smart People Make When Selling Their House. Our next one is on August 9th at 7pm. Please contact me if you would like to attend. steve@Welcome2Indy.com
Thank you to everyone who attended our July Happy Hour!!! We had a great group and a lot of fun! If you haven’t ever attended (or even if you have), please consider joining us at our August Happy Hour on August 18th from 5-6:30pm at Matt The Miller’s in Carmel. As always, drinks and food are on us!!!
HUGE ANNOUNCEMENT!!!
For the first time ever, we are hosting a Party in The Park on Sunday, August 12th from 1-4pm. Thank you to our lender partner Mark Kuchik with CrossCountry Mortgage for co-sponsoring this event. You do NOT want to miss this!!! You should have received e-mails and a postcard already. Please RSVP for this by August 10th. Links are in the e-mails and postcard, but if you would like to attend and can’t find the link, please e-mail kylie@Welcome2Indy.com with the number of tickets you would like and we will register you. Check out what we have in store for the afternoon:
Live Band-The Beatless
Magician
Caricature artist
Kona Ice truck
Photo Booth
Games
Food
Drinks
We hope you will join us!!!
As mentioned earlier, our market has absolutely softened in the past few months. This does NOT mean we are seeing a ‘bubble bursting’. There is a big difference between ‘depreciation’ and ‘deceleration’. We are seeing the latter. In the first quarter of this year, home price appreciation hit the highest on record at 20.3%!!! That is simply not sustainable. Since then, mortgage rates have risen, but so have home prices…just at a much slower pace. We expect the year to end at around 5-7% annualized appreciation. This is still much higher than our average of 3%/year. This is a great time to buy/sell a house. There is less buyer competition, but people are still getting record prices for their houses. Interest rates are expected to fall next year, so if that is the case and you have a higher interest rate, you can re-finance for a modest fee. As the saying goes, ‘Marry the house and date the rate.’
Here are some stats from MIBOR comparing June 2022 to May 2022:
Median Sales Price-UP 3.8% to $300,000 (another record!)
Closed Sales-UP 9.2% to 3,711 units
New Listings-UP 15.9% to 4,925 units (this is a good thing!)
Pending Sales-UP 1.1% to 3,842 units (more houses are coming on the market than are being sold. This is helping our inventory shortage)
Days on Market-UP 7.7% to 14 days
Price per s.f.-UP 0.6% to $169
% of Ask Received-DOWN 0.5% to 101.9% (still an amazing number, but trending down showing weakening competition from buyers)
Active Inventory-UP 47.3% to 3,414 units (this number is HUGE!!!!)
Absorption Rate-UP 28.6% to 0.9 months (still anemic, but getting longer)
Bottom line, you can see the market shifting in just ONE month. Pay attention to these numbers. They are still excellent, but shift your expectations. Dave Ramsey says this year will be probably one of the best years to buy/sell in history. Listen to one of his latest podcasts and he will explain why he believes this, but suffice it to say, if you are even thinking of buying or selling, give us a call. We will walk you through your options and set realistic expectations with you, so you can make an informed decision. It’s what we do…Guide, Lead, and Protect our clients.
Have a great rest of the summer!!! If you see me, please go easy on the 50th birthday jokes…
Your Friends in Real Estate,
Steve, Kylie, Thea, and Mark
P.S. Please don’t keep us a secret!
Click here to read our August newsletter
Saturday, June 25, 2022
July 2022 Real Estate Update
Welcome (officially) to summer!! We hope you are enjoying this more relaxed time of year with warmer temperatures, kids out of school, summer concerts, vacations, sports, and the longer daylight hours. While it certainly poses its unique challenges, we hope you are able to spend some fun times making memories with those you care about.
We have some sad news to report in that Patti who was our Director of Marketing resigned abruptly a couple of weeks ago. She will be missed and we wish her nothing but success as she turns a new page in her next chapter. In case you didn’t know, we hired a Virtual Assistant name Mark to help Patti with marketing. She did a great job training him and he will be taking over most of her responsibilities. We will be looking for a replacement for Patti in the coming months, so if you know of a ROCKSTAR person who would make a great Director of Marketing for a high-producing team who is extremely adept at social media and video editing, please send them my way: Steve@Welcome2Indy.com.
Steve is getting ready to leave on a family vacation with Brigid’s family from July 3-10. They will be taking a Norwegian cruise from NYC to Bermuda. Should be a fun time to unwind. Ana is continuing to look at colleges and took a 2nd tour of Clemson in June. She still loves it and it is her #1 choice so far. She toured Auburn at the end of June and it is her #2. She also took a Teen Driving Safety Course at the BMW Performance Center in Greer, SC while looking at Clemson an absolutely loved it!!! If you have a teen driver, we highly recommend this (or similar course). It just may save someone’s life!!!
Brigid has hired her first two employees since being promoted to an Assistant Director position. She loves what she does and that she can work from home. Tali is neck deep in cheer after making the next level team as well as her school cheer team and then also their competition cheer team. She will have 3 cheer teams for which she is cheering. That is a LOT of cheer, but she wouldn’t have it any other way!
Thea is keeping extremely busy with buyers at the moment and is enjoying the summer months. She is the Chair of the Young Professionals Group of Westfield and is busy planning events for the rest of the year, including a parade and a Young Professionals Summit this Fall.
Kylie is keeping busy with her family and two kids trying to keep them busy with summer camps and activities. She really is enjoying the pool and taking the kids to play there.
This real estate market has brought an onslaught of phone calls, texts and e-mails. Know that we constantly stay up-to-date with the latest information so we can pass that along to our clients. Besides reading white papers from Lawrence Yun who is the Chief Economist for NAR, Shelley Specchio who is the CEO of MIBOR, we have recently listened to Steve Lains who is the CEO of BAGI (Builder’s Association of Greater Indianapolis) and Dr. Elliot Eisenberg who is an internationally-acclaimed economist who specializes in real estate.
Along with our own research, every one of these industry experts have steadfastly said there is no real estate bubble. Period. We have the soundest real estate financial fundamentals in history right now and the tightest supply with incredible demand in history. We have an inflation problem. Dr. Eisenberg said we are about at the apex of inflation and should start to see is tick downward soon. A recession will happen, likely next year and will not be bad, but a typical 8-10 month inflation period (which we need). Our recovery will be slow, but steady. We are already seeing goods start to rebound from their trough of supply, but labor is a continued problem. Quite a few people are re-entering the labor market after retiring due to the stock market falling. This should help.
Interest rates have dropped from their peak of around 6.3875% to around 6%. We hope and expect them to continue to fall during the course of the rest of the year. Housing prices will NOT depreciate, but rather decelerate the appreciation we have seen the past few years. We expect to see appreciation rates in the 7-8% range this year, which is down from the 18% we saw last year, but that was not sustainable.
Fun news!!! We hope everyone enjoyed our July Happy Hour at Matt The Miller’s this pas month. Thank you to Keith Pemberton with Pemberton Insurance for sponsoring it!!! We hope to see you at our July Happy Hour on Thursday, July 21st from 5-6:30pm at Matt The Miller’s.
Don’t miss two really great workshops coming up!!! Thea’s Homebuyer workshop is from 5:30-6:30pm on July 12th and she will answer all of your questions about buying a home in this shifting market. It is Zoom only. contact her for log-in info at: Thea@Welcome2Indy.com. Our second workshop is for home sellers and it is also on July 12th from 7-8pm hosted by me. We will be discussing the Top 10 Dumbest Mistakes Smart People Make When Preparing Their House for Sale along with market updates and what to expect in this shifting market. This is live only. Contact me for more info: steve@Welcome2Indy.com
Finally, mark your calendars for our first ever Party in The Park!!! It will be on Sunday, August 14th from 1-4pm at Cool Creek Park in Westfield. You do not want to miss this FREE event! We will have snacks, beverages, a LIVE band, magician, face painting, photo booth, caricature drawings, games, Kona Ice truck and professional photographer and MUCH more!! Look for your invitation in the mail and register via the Eventbrite link to make sure you are on the list. There is limited space, so RSVP early to ensure you get a spot!!! We are grateful to our co-sponsors Mark Kuchik with CrossCountry Mortgage!!!!
Enjoy your July and remember to keep us in mind for people you care about considering making a move. We would love to help them!!!
Here are the market stats from MIBOR comparing May 2022 to May 2021:
Median Sales Price-UP 12.8% to $287,625
Closed Sales-DOWN 2.9% to 3,336 units
New Listings-UP 6.1% to 4,217 units
Pending Sales-UP 2.4% to 3,960 units
Days on Market-DOWN 13.3% to 13 days
Price per s.f.-UP 15.9% to $168
% of Ask Received-UP 0.8% to 102.4%
Active Inventory-UP 29.8% to 2,295 units
Absorption Rate-UP 40.0% to 0.7 months
You will notice that the median sales price is the highest on record. We expect this to keep climbing, but inventory will as well as days on market.
Have a great July!!!
Your Friends in Real Estate,
Steve, Kylie, and Thea
P.S. Please don’t keep us a secret! Click here to read our July newsletter
We have some sad news to report in that Patti who was our Director of Marketing resigned abruptly a couple of weeks ago. She will be missed and we wish her nothing but success as she turns a new page in her next chapter. In case you didn’t know, we hired a Virtual Assistant name Mark to help Patti with marketing. She did a great job training him and he will be taking over most of her responsibilities. We will be looking for a replacement for Patti in the coming months, so if you know of a ROCKSTAR person who would make a great Director of Marketing for a high-producing team who is extremely adept at social media and video editing, please send them my way: Steve@Welcome2Indy.com.
Steve is getting ready to leave on a family vacation with Brigid’s family from July 3-10. They will be taking a Norwegian cruise from NYC to Bermuda. Should be a fun time to unwind. Ana is continuing to look at colleges and took a 2nd tour of Clemson in June. She still loves it and it is her #1 choice so far. She toured Auburn at the end of June and it is her #2. She also took a Teen Driving Safety Course at the BMW Performance Center in Greer, SC while looking at Clemson an absolutely loved it!!! If you have a teen driver, we highly recommend this (or similar course). It just may save someone’s life!!!
Brigid has hired her first two employees since being promoted to an Assistant Director position. She loves what she does and that she can work from home. Tali is neck deep in cheer after making the next level team as well as her school cheer team and then also their competition cheer team. She will have 3 cheer teams for which she is cheering. That is a LOT of cheer, but she wouldn’t have it any other way!
Thea is keeping extremely busy with buyers at the moment and is enjoying the summer months. She is the Chair of the Young Professionals Group of Westfield and is busy planning events for the rest of the year, including a parade and a Young Professionals Summit this Fall.
Kylie is keeping busy with her family and two kids trying to keep them busy with summer camps and activities. She really is enjoying the pool and taking the kids to play there.
This real estate market has brought an onslaught of phone calls, texts and e-mails. Know that we constantly stay up-to-date with the latest information so we can pass that along to our clients. Besides reading white papers from Lawrence Yun who is the Chief Economist for NAR, Shelley Specchio who is the CEO of MIBOR, we have recently listened to Steve Lains who is the CEO of BAGI (Builder’s Association of Greater Indianapolis) and Dr. Elliot Eisenberg who is an internationally-acclaimed economist who specializes in real estate.
Along with our own research, every one of these industry experts have steadfastly said there is no real estate bubble. Period. We have the soundest real estate financial fundamentals in history right now and the tightest supply with incredible demand in history. We have an inflation problem. Dr. Eisenberg said we are about at the apex of inflation and should start to see is tick downward soon. A recession will happen, likely next year and will not be bad, but a typical 8-10 month inflation period (which we need). Our recovery will be slow, but steady. We are already seeing goods start to rebound from their trough of supply, but labor is a continued problem. Quite a few people are re-entering the labor market after retiring due to the stock market falling. This should help.
Interest rates have dropped from their peak of around 6.3875% to around 6%. We hope and expect them to continue to fall during the course of the rest of the year. Housing prices will NOT depreciate, but rather decelerate the appreciation we have seen the past few years. We expect to see appreciation rates in the 7-8% range this year, which is down from the 18% we saw last year, but that was not sustainable.
Fun news!!! We hope everyone enjoyed our July Happy Hour at Matt The Miller’s this pas month. Thank you to Keith Pemberton with Pemberton Insurance for sponsoring it!!! We hope to see you at our July Happy Hour on Thursday, July 21st from 5-6:30pm at Matt The Miller’s.
Don’t miss two really great workshops coming up!!! Thea’s Homebuyer workshop is from 5:30-6:30pm on July 12th and she will answer all of your questions about buying a home in this shifting market. It is Zoom only. contact her for log-in info at: Thea@Welcome2Indy.com. Our second workshop is for home sellers and it is also on July 12th from 7-8pm hosted by me. We will be discussing the Top 10 Dumbest Mistakes Smart People Make When Preparing Their House for Sale along with market updates and what to expect in this shifting market. This is live only. Contact me for more info: steve@Welcome2Indy.com
Finally, mark your calendars for our first ever Party in The Park!!! It will be on Sunday, August 14th from 1-4pm at Cool Creek Park in Westfield. You do not want to miss this FREE event! We will have snacks, beverages, a LIVE band, magician, face painting, photo booth, caricature drawings, games, Kona Ice truck and professional photographer and MUCH more!! Look for your invitation in the mail and register via the Eventbrite link to make sure you are on the list. There is limited space, so RSVP early to ensure you get a spot!!! We are grateful to our co-sponsors Mark Kuchik with CrossCountry Mortgage!!!!
Enjoy your July and remember to keep us in mind for people you care about considering making a move. We would love to help them!!!
Here are the market stats from MIBOR comparing May 2022 to May 2021:
Median Sales Price-UP 12.8% to $287,625
Closed Sales-DOWN 2.9% to 3,336 units
New Listings-UP 6.1% to 4,217 units
Pending Sales-UP 2.4% to 3,960 units
Days on Market-DOWN 13.3% to 13 days
Price per s.f.-UP 15.9% to $168
% of Ask Received-UP 0.8% to 102.4%
Active Inventory-UP 29.8% to 2,295 units
Absorption Rate-UP 40.0% to 0.7 months
You will notice that the median sales price is the highest on record. We expect this to keep climbing, but inventory will as well as days on market.
Have a great July!!!
Your Friends in Real Estate,
Steve, Kylie, and Thea
P.S. Please don’t keep us a secret! Click here to read our July newsletter
Friday, June 03, 2022
June 2022 Home News
Happy summer!!! We made it!! As I write this, my youngest Natalia has been out of school for a week and is now a 7th grader. My oldest Anastasia just finished her last final today and is now a senior at Guerin. Where did the time go?? We truly hope that you are able to create some fun memories this summer and make up for some missed ones over the past few years.
Along with finishing yet another school year, our family has had some exciting happenings. Ana was hit by an inattentive driver a few weeks ago. Everyone is okay, but her car did sustain some damage. The other driver fully admitted fault, so we are good there, but body shops are booked up for MONTHS. It is crazy. So, if you see her driving around with a damaged door, that wasn’t her fault!!! :-)
Natalia made the next level up for her competitive cheer team and she is so excited! She also made the school cheer team and competitive cheer team, so she will be doing a LOT of cheering this next year, but she absolutely loves it!!!
Brigid is still enjoying her promotion at work and has made her first two hires of her career and now will be a manager for the first time ever. She is excited and can’t wait to have some help as she has been doing the job of three people lately.
I am so excited that I get to take Ana next week to a second campus visit to Clemson. That is her #1 school by far. After that I am taking her to the BMW Performance Center where I went in February and she is taking a 2-day Teen Driving School course. We have heard nothing but rave reviews about it and Ana couldn’t be any more excited!!!
Kylie is enjoying her favorite pastime in the summer of laying out by the pool. She loves the sun and her kids love the water. They are also doing some remodeling of their house and she can’t wait until that is finished.
Patti took a vacation last week and knocked out many items on her To Do list. She enjoyed the time off to relax and unwind before our busy summer.
Thea continues to keep busy with her buyers and is doing such a great job getting offers accepted in this HOT market. If you or someone you know is thinking about buying, you need to talk with Thea as she is the best in the biz!
Thank you to everyone who attended our May Happy Hour!! We had a great turnout and a lot of fun as usual!!! Please plan to attend our June Happy Hour on June 16th from 5-6:30pm at Matt The Miller’s. As always, drinks and appetizers are included. You bring the smiles!
Check our website and social media channels for our Father’s Day giveaway. We have some very cool gifts for dad, including a huge gift basket full of beer, grilling equipment, gift cards to 18|8 men’s salon and from a med spa for fixing hair loss, or wrinkles. This prize package is worth $500!!! You don’t have to call in. Just like and follow our social media channels and/or give us a great review on Google and we will enter you into the contest. We will give a review for each new follow/review.
Save the date for a brand new event called A Day in The Park. We are finalizing details now, but look for your invite. We will have food, drinks, prizes, a magician, caricature artist, Kona Ice, games, and a live band!! It is going to be so much fun!!! Reserve August 14th so you can join us!!
I was honored as the Chair-elect of the Westfield Chamber of Commerce and sponsor of one of three scholarships the chamber awards each year to present at the Westfield High School Scholarship and Awards Night. Three Westfield High School students won an essay contest we promote as to what new business you think would be a good addition to the Westfield community and why. It is always so amazing to see what these kiddos have accomplished at such a young age.
The real estate market has been making headlines yet again. Let me cut to the chase. THERE IS NO REAL ESTATE BUBBLE. There is 6-7 years supply shortage right now and too much demand. Inflation and rising interest rates have certainly tempered the market to an extent, but we are still seeing multiple offers above listing price on most houses going on the market. If you or someone you care about are thinking about selling, buying, or building, PLEASE call me-317-573-1880. I would love to talk with you and learn more about your situation so you can be armed with the most relevant and specific information tailored to your situation. I cannot stress this enough. Also, come to my next workshop on June 14th at 7pm titled, ‘The Top 10 Dumbest Mistakes Smart People Make When Selling Their House And How to Avoid Them’. Call/e-mail/text me and I will register you and give you more details. It is a great way to get all of your questions answered in a fun and relaxed environment.
Here are the latest stats from MIBOR comparing March 2022 to April 2022 for the entire Indy Metro area in all price points:
Median Sales Price-$275,000-UP 3.8%
Closed Sales-2,987 units-UP 5.6%
New Listings-3,870 units-UP 7.0%
Pending Sales-3,580 units-UP 4.6%
Days on Market-15 days-DOWN 21.1%
Price per s.f.-$162-UP 4.5%
% of Ask Received-102.1%-UP 0.9%
Active Inventory-1,979 units-UP 23.5%
Absorption Rate-0.7 months-UP 16.7%
Pay close attention to the last two lines. Inventory is UP almost 25%! That is HUGE. Yes, prices continue to increase, but so do closed sales, new listings, and pending sales. Call me if you would like to discuss what these numbers mean to you and your specific situation.
We hope that you enjoy the summer weather and are able to get out and have some fun!! Thank you for being our client and referral partners. We truly appreciate you and couldn’t do what we love without you!!!
Your Friends in Real Estate,
Steve, Kylie, Thea, and Patti
Click here to read our June newsletter.
P. S. Please don’t keep us a secret.
Along with finishing yet another school year, our family has had some exciting happenings. Ana was hit by an inattentive driver a few weeks ago. Everyone is okay, but her car did sustain some damage. The other driver fully admitted fault, so we are good there, but body shops are booked up for MONTHS. It is crazy. So, if you see her driving around with a damaged door, that wasn’t her fault!!! :-)
Natalia made the next level up for her competitive cheer team and she is so excited! She also made the school cheer team and competitive cheer team, so she will be doing a LOT of cheering this next year, but she absolutely loves it!!!
Brigid is still enjoying her promotion at work and has made her first two hires of her career and now will be a manager for the first time ever. She is excited and can’t wait to have some help as she has been doing the job of three people lately.
I am so excited that I get to take Ana next week to a second campus visit to Clemson. That is her #1 school by far. After that I am taking her to the BMW Performance Center where I went in February and she is taking a 2-day Teen Driving School course. We have heard nothing but rave reviews about it and Ana couldn’t be any more excited!!!
Kylie is enjoying her favorite pastime in the summer of laying out by the pool. She loves the sun and her kids love the water. They are also doing some remodeling of their house and she can’t wait until that is finished.
Patti took a vacation last week and knocked out many items on her To Do list. She enjoyed the time off to relax and unwind before our busy summer.
Thea continues to keep busy with her buyers and is doing such a great job getting offers accepted in this HOT market. If you or someone you know is thinking about buying, you need to talk with Thea as she is the best in the biz!
Thank you to everyone who attended our May Happy Hour!! We had a great turnout and a lot of fun as usual!!! Please plan to attend our June Happy Hour on June 16th from 5-6:30pm at Matt The Miller’s. As always, drinks and appetizers are included. You bring the smiles!
Check our website and social media channels for our Father’s Day giveaway. We have some very cool gifts for dad, including a huge gift basket full of beer, grilling equipment, gift cards to 18|8 men’s salon and from a med spa for fixing hair loss, or wrinkles. This prize package is worth $500!!! You don’t have to call in. Just like and follow our social media channels and/or give us a great review on Google and we will enter you into the contest. We will give a review for each new follow/review.
Save the date for a brand new event called A Day in The Park. We are finalizing details now, but look for your invite. We will have food, drinks, prizes, a magician, caricature artist, Kona Ice, games, and a live band!! It is going to be so much fun!!! Reserve August 14th so you can join us!!
I was honored as the Chair-elect of the Westfield Chamber of Commerce and sponsor of one of three scholarships the chamber awards each year to present at the Westfield High School Scholarship and Awards Night. Three Westfield High School students won an essay contest we promote as to what new business you think would be a good addition to the Westfield community and why. It is always so amazing to see what these kiddos have accomplished at such a young age.
The real estate market has been making headlines yet again. Let me cut to the chase. THERE IS NO REAL ESTATE BUBBLE. There is 6-7 years supply shortage right now and too much demand. Inflation and rising interest rates have certainly tempered the market to an extent, but we are still seeing multiple offers above listing price on most houses going on the market. If you or someone you care about are thinking about selling, buying, or building, PLEASE call me-317-573-1880. I would love to talk with you and learn more about your situation so you can be armed with the most relevant and specific information tailored to your situation. I cannot stress this enough. Also, come to my next workshop on June 14th at 7pm titled, ‘The Top 10 Dumbest Mistakes Smart People Make When Selling Their House And How to Avoid Them’. Call/e-mail/text me and I will register you and give you more details. It is a great way to get all of your questions answered in a fun and relaxed environment.
Here are the latest stats from MIBOR comparing March 2022 to April 2022 for the entire Indy Metro area in all price points:
Median Sales Price-$275,000-UP 3.8%
Closed Sales-2,987 units-UP 5.6%
New Listings-3,870 units-UP 7.0%
Pending Sales-3,580 units-UP 4.6%
Days on Market-15 days-DOWN 21.1%
Price per s.f.-$162-UP 4.5%
% of Ask Received-102.1%-UP 0.9%
Active Inventory-1,979 units-UP 23.5%
Absorption Rate-0.7 months-UP 16.7%
Pay close attention to the last two lines. Inventory is UP almost 25%! That is HUGE. Yes, prices continue to increase, but so do closed sales, new listings, and pending sales. Call me if you would like to discuss what these numbers mean to you and your specific situation.
We hope that you enjoy the summer weather and are able to get out and have some fun!! Thank you for being our client and referral partners. We truly appreciate you and couldn’t do what we love without you!!!
Your Friends in Real Estate,
Steve, Kylie, Thea, and Patti
Click here to read our June newsletter.
P. S. Please don’t keep us a secret.
Saturday, April 30, 2022
May Home News
Happy spring!!! We made it! Grass-cutting season is officially upon us along with seasonal allergies…however that also means warmer weather, long daylight in the evenings, schools are getting close to ending for the school year and summer activities are drawing near. The housing market is also in full swing!!!
Happy Mother’s Day to all moms!! Thank you for everything you do for your family!!! We hope you enjoy your special day.
We hope this month’s newsletter finds you well and looking forward to the spring season. For many of us, we have returned recently from spring break, which usually means going somewhere warm. Brigid and I made a promise to Ana and Tali several years ago that we would take them to Hawaii before Ana goes to college and we are running out of time!! So, we went to Kona on the Big Island for spring break and had a great time. So beautiful out there…but so far! Don’t have any plans to go back anytime soon, but we enjoyed our week there.
Last week, Brigid, Tali and I traveled to Orlando for a few days as Tali’s competitive cheer team made it to Worlds. This was their first time and they did great, accomplishing all three of their goals they set for themselves. Practicing for next season has already begun and Tali couldn’t be happier. Tali is also cheering for her Middle School in Westfield this year and hopes to also make their competitive cheer team.
Ana has prom on April 30th with Guerin. She has been looking forward to this for years and is excited to get all dressed up. She is going with a group of 18 friends-9 couples. We are excited for her and the opportunity to take some beautiful photos before their big evening.
So proud of Brigid for getting a promotion at Merck! She has been working hard for this for 2-years now and is excited at this new opportunity. We are very happy for her.
On a not-so-good note, my dad Jack who has managed to evade COVID for two years finally caught it. While he is not feeling great, he is starting to get better and is taking the new medicine to reduce the symptoms and severity of it. Hopefully, my mom Mary Anne will be able to avoid getting it and stay healthy. We sure do hope those you love are staying healthy and keep those we have lost in our prayers.
Kylie has been kept very busy with all of the spring listings we have put on the market. Her family is doing well and her kids are looking forward to the end of the school year and enjoying some time off for summer break.
Thea has been keeping very busy with buyers in this crazy market and is doing a great job in getting offers accepted in the most competitive sellers’ market in history. She is managing to enjoy some down time and loved having her family in town for Easter.
Patti has been working very hard on all of our activities and events we have had and are looking forward to this spring. They are looking forward to a vacation later this year to relax and not focus on events for a week!!
Speaking of events, we have had quite a few lately. Our April Happy Hour was a huge success and we so enjoyed seeing so many of you as we celebrated spring. We hope you will join us for our May Happy Hour on Thursday, May 19th from 5-6:30pm at Matt The Miller’s again. As always, we provide the drinks and appetizers and you bring the conversation. Always a good time!
Thank you to everyone who stopped by our FREE Shred Day last Friday (Earth Day). We securely shredded thousands of pounds of documents and responsibly recycled hundreds of pounds of electronics. Look for information on our next Shred Day this summer.
We sure hope you have your calendars marked for this Tuesday, May 3rd from 10:30am-3:30pm for our Mother’s Day Giveaway!!! Call us during these hours at 317-426-6108. We are giving away a prize package of pampering worth over $800, including a massage, mani-pedi, dinner for two, prize gift basket, flowers, and much more!!! Thank you to JW Restore for co-sponsoring this with us!! The winner will be announced at 4pm via Facebook Live. For every person who calls in, they get one entry and if you call in with a referral, you get FIVE additional entries with no limit on the number of referrals you can give us. We look forward to hearing from you!
The real estate market continues to be super hot, however we are seeing signs of a shift upon us. Buyer traffic is down, number of offers received is down, amount of offer price above asking price is down and units sold is down from this time last year. Bottom line, we are in a shift. We expect a recession to follow. We do not expect it to be more than 6-9 months, nor will it be nearly as bad as the Great Recession. There is just too much of an imbalance of supply and demand for that to happen. If you are remotely considering selling your house, do it now. Interest rates are around 5-5.25%. Give us a call at 317-573-1880 so we can give you data specific to your situation and help you make an informed decision. It is our job to Guide, Lead, and Protect you through this uncertain time right now. Call us today!
Below are stats from MIBOR comparing March 2022 to February 2022. Note that these stats are trailing indicators and are from all areas MIBOR services, which is 16 counties.
Median Sales Price-UP 5.2% to $265,000
Closed Sales-UP 21.1% to 2,780 units
New Listings-UP 43.9% to 3,577 units
Pending Sales-UP 38.5% to 3,609 units
Day on Market-DOWN 13.0% to 20 days
Price per s.f.-UP 2.0% to $155
% of Ask Received-UP 1.1% to 101.2%
Active Inventory-UP 2.4% to 1,560 units
Absorption Rate-DOWN 14.3% to 0.6 months
Keep in mind this is coming off of the winter market, so we do expect to see these numbers accelerate from February. January was the best January in history for MIBOR in terms of units sold.
Thank you for being great clients and referral partners! We couldn’t do what we love to do without you!!!
Happy Mother’s Day!!
Click here to read our May newsletter
Your Friends in Real Estate,
Steve, Kylie, Patti, Thea
P.S. Please don’t keep us a secret.
Happy Mother’s Day to all moms!! Thank you for everything you do for your family!!! We hope you enjoy your special day.
We hope this month’s newsletter finds you well and looking forward to the spring season. For many of us, we have returned recently from spring break, which usually means going somewhere warm. Brigid and I made a promise to Ana and Tali several years ago that we would take them to Hawaii before Ana goes to college and we are running out of time!! So, we went to Kona on the Big Island for spring break and had a great time. So beautiful out there…but so far! Don’t have any plans to go back anytime soon, but we enjoyed our week there.
Last week, Brigid, Tali and I traveled to Orlando for a few days as Tali’s competitive cheer team made it to Worlds. This was their first time and they did great, accomplishing all three of their goals they set for themselves. Practicing for next season has already begun and Tali couldn’t be happier. Tali is also cheering for her Middle School in Westfield this year and hopes to also make their competitive cheer team.
Ana has prom on April 30th with Guerin. She has been looking forward to this for years and is excited to get all dressed up. She is going with a group of 18 friends-9 couples. We are excited for her and the opportunity to take some beautiful photos before their big evening.
So proud of Brigid for getting a promotion at Merck! She has been working hard for this for 2-years now and is excited at this new opportunity. We are very happy for her.
On a not-so-good note, my dad Jack who has managed to evade COVID for two years finally caught it. While he is not feeling great, he is starting to get better and is taking the new medicine to reduce the symptoms and severity of it. Hopefully, my mom Mary Anne will be able to avoid getting it and stay healthy. We sure do hope those you love are staying healthy and keep those we have lost in our prayers.
Kylie has been kept very busy with all of the spring listings we have put on the market. Her family is doing well and her kids are looking forward to the end of the school year and enjoying some time off for summer break.
Thea has been keeping very busy with buyers in this crazy market and is doing a great job in getting offers accepted in the most competitive sellers’ market in history. She is managing to enjoy some down time and loved having her family in town for Easter.
Patti has been working very hard on all of our activities and events we have had and are looking forward to this spring. They are looking forward to a vacation later this year to relax and not focus on events for a week!!
Speaking of events, we have had quite a few lately. Our April Happy Hour was a huge success and we so enjoyed seeing so many of you as we celebrated spring. We hope you will join us for our May Happy Hour on Thursday, May 19th from 5-6:30pm at Matt The Miller’s again. As always, we provide the drinks and appetizers and you bring the conversation. Always a good time!
Thank you to everyone who stopped by our FREE Shred Day last Friday (Earth Day). We securely shredded thousands of pounds of documents and responsibly recycled hundreds of pounds of electronics. Look for information on our next Shred Day this summer.
We sure hope you have your calendars marked for this Tuesday, May 3rd from 10:30am-3:30pm for our Mother’s Day Giveaway!!! Call us during these hours at 317-426-6108. We are giving away a prize package of pampering worth over $800, including a massage, mani-pedi, dinner for two, prize gift basket, flowers, and much more!!! Thank you to JW Restore for co-sponsoring this with us!! The winner will be announced at 4pm via Facebook Live. For every person who calls in, they get one entry and if you call in with a referral, you get FIVE additional entries with no limit on the number of referrals you can give us. We look forward to hearing from you!
The real estate market continues to be super hot, however we are seeing signs of a shift upon us. Buyer traffic is down, number of offers received is down, amount of offer price above asking price is down and units sold is down from this time last year. Bottom line, we are in a shift. We expect a recession to follow. We do not expect it to be more than 6-9 months, nor will it be nearly as bad as the Great Recession. There is just too much of an imbalance of supply and demand for that to happen. If you are remotely considering selling your house, do it now. Interest rates are around 5-5.25%. Give us a call at 317-573-1880 so we can give you data specific to your situation and help you make an informed decision. It is our job to Guide, Lead, and Protect you through this uncertain time right now. Call us today!
Below are stats from MIBOR comparing March 2022 to February 2022. Note that these stats are trailing indicators and are from all areas MIBOR services, which is 16 counties.
Median Sales Price-UP 5.2% to $265,000
Closed Sales-UP 21.1% to 2,780 units
New Listings-UP 43.9% to 3,577 units
Pending Sales-UP 38.5% to 3,609 units
Day on Market-DOWN 13.0% to 20 days
Price per s.f.-UP 2.0% to $155
% of Ask Received-UP 1.1% to 101.2%
Active Inventory-UP 2.4% to 1,560 units
Absorption Rate-DOWN 14.3% to 0.6 months
Keep in mind this is coming off of the winter market, so we do expect to see these numbers accelerate from February. January was the best January in history for MIBOR in terms of units sold.
Thank you for being great clients and referral partners! We couldn’t do what we love to do without you!!!
Happy Mother’s Day!!
Click here to read our May newsletter
Your Friends in Real Estate,
Steve, Kylie, Patti, Thea
P.S. Please don’t keep us a secret.
Sunday, March 27, 2022
April Home News
Welcome spring and longer daylight hours in the evening! As I write this, I am looking out the window at some white stuff that closely resembles snow, but can’t believe it since we were hitting golf balls in a short sleeve shirt at the driving range last weekend! Gotta love Indiana weather!! For our friends and clients who chose to move to warmer climates, congrats!!! You are welcome to say as many, ‘I told you so’ statements as you wish!
While it might be frozen outside, the real estate market is anything but frozen. Our spring market is in full swing and Hamilton County is only seeing a scant 7-days of inventory right now!!! Considering a balanced market is 6-months, this doesn’t even qualify as anemic. We are on life support, people!
The Indy-area market is one of the hottest in the country right now. So many people from high-priced markets are choosing to move here keeping our inventory low. Consequently, our prices keep going up. Last year, we averaged 17.3% appreciation!!! Nuts! If you or anyone you know is considering buying, selling, or building, please give us a call-317-573-1880. We are expert advisors who will lay out all of your options in the most competitive market in history so you can make an informed decision.
We do have some really cool programs to help you or those you introduce to us who need our help. Below are just a few of the programs we offer. Call us for more information.
Concierge Program-at no additional cost and depending on your price point, we will pay for and project manage (limits and exclusions apply) any repairs needed to get your house in ‘show-ready’ condition, including: painting, carpet cleaning, house cleaner, Stager and moving services. There is no other agent in the city offering this type of Concierge Service that we do! Call us today to learn more-317-573-1880.
Keller Concierge-this is an interest-free loan for up to 12-months up to $75,000 to get your house ready for sale. As a Keller Certified Agent, we will walk you through the process and you can take advantage of this ‘best in class’ program to fix up/improve your house to maximize your sales price and put more money in your pocket at closing…without spending a dime of your own money.
Keller Offers-this is a ‘best in class’ i-buyer program that is not for everyone, however if you have a house that you need to sell quickly without doing any repairs, no one walking through your house, no showings and a quick close with cash, this may be worth considering. Call us to learn more-317-573-1880.
Be careful!!! There are a LOT of new programs/companies and ‘shiny objects’ trying to get to your equity. Read below a TRUE story from a colleague of mine that shared this with me to help future homeowners not fall into this all-too-common trap. We are ALL getting bombarded with these calls/letters/texts daily.
This is what “the new way to sell your home” does....
Mr. Homeowner decided to sell his home “instantly” when he received a call/text/email/advertisement about “saving” on listing commission. Mr. Homeowner fired his traditional Realtor and sold to the "instant" offer buyer. FAST FORWARD A FEW DAYS.... the home is back on the market (for the whole world to see, available to all buyers to buy). It's listed for $110,000 more than what he sold it for. No improvements, it's in the exact same condition. The deal is done and they’ll never get that money back, but the company who purchased their home has announced they’re now asking for highest and best offers because they have received multiple offers at/above the current list price (again $110,000 more)….
If you are considering an "instant" offer PLEASE contact a Realtor to ask what your market value is a.k.a what amount of money you would be leaving behind. This is a real situation that just happened in Fishers.
The moral of the story? Do your research. Ask us to help you with that research and know we will be up front, honest and transparent with you about ALL of your options. There is just too much money at stake to fall for this common trap. These companies are laughing all the way to the bank. It is disgusting and makes my stomach turn.
On a brighter note, thank you to everyone who came out to our special St. Patrick’s Day Happy Hour this month!! We had so much fun!!! Everyone left with a huge smile on their face and one lucky winner left with a $25 Amazon gift card. Please join us for our April Happy Hour. Please note that due to Spring Break and vacations, are moving Happy Hour up one week to the 2nd Thursday of April, on April 14th from 5-6:30pm at Matt The Miller’s in Carmel. We will resume our usual 3rd Thursday of the month in May. The weather is getting better and that means we can enjoy the patio, so come join us for free food and drink. We would love to see you!
Mark your calendars for our first Shred Day of 2022! Friday, April 22nd from 10AM-12PM in our office parking lot, we will again be hosting our extremely popular Shred Day. Bring any documents you want securely shredded or electronics you want responsibly recycled and we will happily take them out of your car for you so you don’t even have you get out of your car. As a client/referral partner of ours, this event is absolutely FREE to you!
Thank you to everyone who called in for our $5,000 giveaway earlier this month!!! We had a record number of calls and gave a $5,000 gift card to the lucky winner. Didn’t win? Don’t worry, we have more contests coming, so watch your e-mail, social media and/or our website for your chance to win the next big prize around Mother’s Day.
Quick team news! Steve and his family are looking forward to fulfilling a promise made 10 years ago to Ana and Tali and are headed to Hawaii for spring break!!! We haven’t been back there since our honeymoon almost 19-years ago! We are very much looking forward to going back!
I have been asked to be an expert on a couple of podcasts recently as well as on an appraisal panel and yet another panel for running a successful team to our region. Extremely honored to share experiences and what I’ve learned over the years. Our team is one of only 3% of agents nationwide who have earned the Luxury designation from Keller Williams. This means, we have been recognized for our experience and high level of service in the luxury real estate market and are certified to use the Luxury logo and designation for our marketing. To be clear, we don’t only focus on luxury clients. We help luxury, first-time buyer/sellers and everyone in between.
Thea has been running like crazy finding the perfect home for her buyers in this ultra-competitive market. We are still looking for several clients, but have found homes for most of our buyers. She was able to take a long weekend to spend time with friends in New Orleans last week and enjoyed getting away for a short time.
Patti has been working her tail off with marketing for all of our clients. She has some vacations scheduled later this year and will be excited to take a well-deserved break.
Kylie is in the same boat as Patti and has been working overtime helping our clients. She also has some vacations planned later this year and is very much looking forward to some time off.
If you or someone you know is thinking of buying/selling/building a new home, please call Steve at 317-573-1880. Steve hosts a seller workshop each month on the second Tuesday at 7pm. Give us a call and we can give you more details. Thea hosts a virtual buyer workshop every other month on the odd months (January, March, May, July, September, November). These both are extremely informative, interactive and very low-pressure to educate you on what to expect and how best to prepare for this ultra-competitive real estate market.
If you have read this far, thank you!!! So much info this month, that we are going to skip the market stats. Suffice it to say, we are in the most competitive market in history with appreciation still in the high teens, inventory at about a week, and interest rates around 5%.
We appreciate you and everything you do for us!!! As a result of your continued trust and support, we were the #1 team in our office for 2021, a Top 5 team in the entire Region for 2021 and Steve was named 2021 REALTOR of The Year! On top of this, we were once again named an Angie’s List Super Service Award winner!! We are honored and grateful for your support, confidence and business!!
Happy Spring!
Your Friends in Real Estate,
Steve, Kylie, Patti, and Thea
P.S. Please don’t keep us a secret!
Click here to read our April newsletter
While it might be frozen outside, the real estate market is anything but frozen. Our spring market is in full swing and Hamilton County is only seeing a scant 7-days of inventory right now!!! Considering a balanced market is 6-months, this doesn’t even qualify as anemic. We are on life support, people!
The Indy-area market is one of the hottest in the country right now. So many people from high-priced markets are choosing to move here keeping our inventory low. Consequently, our prices keep going up. Last year, we averaged 17.3% appreciation!!! Nuts! If you or anyone you know is considering buying, selling, or building, please give us a call-317-573-1880. We are expert advisors who will lay out all of your options in the most competitive market in history so you can make an informed decision.
We do have some really cool programs to help you or those you introduce to us who need our help. Below are just a few of the programs we offer. Call us for more information.
Concierge Program-at no additional cost and depending on your price point, we will pay for and project manage (limits and exclusions apply) any repairs needed to get your house in ‘show-ready’ condition, including: painting, carpet cleaning, house cleaner, Stager and moving services. There is no other agent in the city offering this type of Concierge Service that we do! Call us today to learn more-317-573-1880.
Keller Concierge-this is an interest-free loan for up to 12-months up to $75,000 to get your house ready for sale. As a Keller Certified Agent, we will walk you through the process and you can take advantage of this ‘best in class’ program to fix up/improve your house to maximize your sales price and put more money in your pocket at closing…without spending a dime of your own money.
Keller Offers-this is a ‘best in class’ i-buyer program that is not for everyone, however if you have a house that you need to sell quickly without doing any repairs, no one walking through your house, no showings and a quick close with cash, this may be worth considering. Call us to learn more-317-573-1880.
Be careful!!! There are a LOT of new programs/companies and ‘shiny objects’ trying to get to your equity. Read below a TRUE story from a colleague of mine that shared this with me to help future homeowners not fall into this all-too-common trap. We are ALL getting bombarded with these calls/letters/texts daily.
This is what “the new way to sell your home” does....
Mr. Homeowner decided to sell his home “instantly” when he received a call/text/email/advertisement about “saving” on listing commission. Mr. Homeowner fired his traditional Realtor and sold to the "instant" offer buyer. FAST FORWARD A FEW DAYS.... the home is back on the market (for the whole world to see, available to all buyers to buy). It's listed for $110,000 more than what he sold it for. No improvements, it's in the exact same condition. The deal is done and they’ll never get that money back, but the company who purchased their home has announced they’re now asking for highest and best offers because they have received multiple offers at/above the current list price (again $110,000 more)….
If you are considering an "instant" offer PLEASE contact a Realtor to ask what your market value is a.k.a what amount of money you would be leaving behind. This is a real situation that just happened in Fishers.
The moral of the story? Do your research. Ask us to help you with that research and know we will be up front, honest and transparent with you about ALL of your options. There is just too much money at stake to fall for this common trap. These companies are laughing all the way to the bank. It is disgusting and makes my stomach turn.
On a brighter note, thank you to everyone who came out to our special St. Patrick’s Day Happy Hour this month!! We had so much fun!!! Everyone left with a huge smile on their face and one lucky winner left with a $25 Amazon gift card. Please join us for our April Happy Hour. Please note that due to Spring Break and vacations, are moving Happy Hour up one week to the 2nd Thursday of April, on April 14th from 5-6:30pm at Matt The Miller’s in Carmel. We will resume our usual 3rd Thursday of the month in May. The weather is getting better and that means we can enjoy the patio, so come join us for free food and drink. We would love to see you!
Mark your calendars for our first Shred Day of 2022! Friday, April 22nd from 10AM-12PM in our office parking lot, we will again be hosting our extremely popular Shred Day. Bring any documents you want securely shredded or electronics you want responsibly recycled and we will happily take them out of your car for you so you don’t even have you get out of your car. As a client/referral partner of ours, this event is absolutely FREE to you!
Thank you to everyone who called in for our $5,000 giveaway earlier this month!!! We had a record number of calls and gave a $5,000 gift card to the lucky winner. Didn’t win? Don’t worry, we have more contests coming, so watch your e-mail, social media and/or our website for your chance to win the next big prize around Mother’s Day.
Quick team news! Steve and his family are looking forward to fulfilling a promise made 10 years ago to Ana and Tali and are headed to Hawaii for spring break!!! We haven’t been back there since our honeymoon almost 19-years ago! We are very much looking forward to going back!
I have been asked to be an expert on a couple of podcasts recently as well as on an appraisal panel and yet another panel for running a successful team to our region. Extremely honored to share experiences and what I’ve learned over the years. Our team is one of only 3% of agents nationwide who have earned the Luxury designation from Keller Williams. This means, we have been recognized for our experience and high level of service in the luxury real estate market and are certified to use the Luxury logo and designation for our marketing. To be clear, we don’t only focus on luxury clients. We help luxury, first-time buyer/sellers and everyone in between.
Thea has been running like crazy finding the perfect home for her buyers in this ultra-competitive market. We are still looking for several clients, but have found homes for most of our buyers. She was able to take a long weekend to spend time with friends in New Orleans last week and enjoyed getting away for a short time.
Patti has been working her tail off with marketing for all of our clients. She has some vacations scheduled later this year and will be excited to take a well-deserved break.
Kylie is in the same boat as Patti and has been working overtime helping our clients. She also has some vacations planned later this year and is very much looking forward to some time off.
If you or someone you know is thinking of buying/selling/building a new home, please call Steve at 317-573-1880. Steve hosts a seller workshop each month on the second Tuesday at 7pm. Give us a call and we can give you more details. Thea hosts a virtual buyer workshop every other month on the odd months (January, March, May, July, September, November). These both are extremely informative, interactive and very low-pressure to educate you on what to expect and how best to prepare for this ultra-competitive real estate market.
If you have read this far, thank you!!! So much info this month, that we are going to skip the market stats. Suffice it to say, we are in the most competitive market in history with appreciation still in the high teens, inventory at about a week, and interest rates around 5%.
We appreciate you and everything you do for us!!! As a result of your continued trust and support, we were the #1 team in our office for 2021, a Top 5 team in the entire Region for 2021 and Steve was named 2021 REALTOR of The Year! On top of this, we were once again named an Angie’s List Super Service Award winner!! We are honored and grateful for your support, confidence and business!!
Happy Spring!
Your Friends in Real Estate,
Steve, Kylie, Patti, and Thea
P.S. Please don’t keep us a secret!
Click here to read our April newsletter
Thursday, February 24, 2022
March 2022 Newsletter
March is here and spring is just around the corner. I don’t know about you, but I am ready for spring…longer daylight hours, warmer temps, leaves on trees, and closer to some vacation time!!! We hope this month’s newsletter finds you happy and healthy and ready to celebrate St. Patrick’s Day!
I just returned from sunny Orlando for Keller Williams’ annual convention called Family Reunion. There were 9,000 agents from all over the world there to network and learn how to better help their clients. So much information and fun!! The overarching sentiment was that we will continue to see this strong real estate market for quite some time as we are 7-years behind in inventory with no reduction in buyer demand in sight.
Greer, SC is my next stop for a 2-day, adrenaline-pumping experience at BMW’s M School. We race BMW M-series cars around their racetrack under the watchful instruction of professional drivers under many different scenarios. At the end of the weekend, we will have logged over 13-hours of driving and having become much better and more responsive drivers. I take Ana in June for a similar course-the Teen Driving School. She shares her dad’s passion for cars and can’t wait to go!!
Speaking of Ana, she is finishing her final exams this week and is looking forward to winter formal, which has been postponed twice due to COVID. While I will miss seeing her due to my M School, she is really looking forward to going with a group of her friends. Ana has only been driving since December and has done really well!! We are so proud of how responsible she is.
Tali is still in competition season for cheer. We head to Chicago next weekend for a 2-day competition. Her team did really well a couple of weekends ago and earned a bid to Nationals later this year. She is so excited!!!
Patti had a very unfortunate event take place in her house with her ceiling falling in!!! She finally got back into her house after about 2-weeks with contractors cleaning up the mess and giving her new ceiling, floors, and walls. Patti also has a new virtual assistant to help her with marketing. Please welcome MK to our team!!! He just started this week and we look forward to having him help us!
Kylie is glad to be back with us after having COVID for a couple of weeks. We certainly missed her and are happy she is feeling much better!
Thea continues to be super-busy helping all of our buyers find homes. She has seen quite a bit of success beating out other buyers so if you have been thinking about jumping into the market, please call us. She is really good at finding the right home for our clients!
Thank you to everyone who attended our February Happy Hour sponsored by Chris Odle. Chris is a financial advisor who helps people protect their money and grow it for retirement. He is really good at what he does and we highly recommend him!!! Give him a call at 214-213-5112. Please plan to attend our March Happy Hour on St. Patrick’s Day, March 17th from 5-6:30pm at Matt The Miller’s in Carmel. We would love to share the luck o’ the Irish with you!!!
We had a great call-in for our most recent contest and congratulations, again to Ellen Milburn for winning a jam-packed weekend at French Lick!! Enjoy!!!!
Our next contest is our BIGGEST yet and you do not want to miss this!! Call us at 317-426-6108 on Tuesday, March 8th from 11AM-4PM for your chance to win a $5,000 gift card for a dream vacation!!! If you call us with a referral, we will add 3 more entries for you. If you have a spouse or significant other, both of you can call in. Just call us to get entered.
As mentioned earlier, the real estate market continues to be white hot!!! Interest rates continue to rise and so do house values. If you are thinking of buying/selling/building this year or know someone who is, please all us-317-573-1880. We would love to have a conversation with you about what your plans are and how we can best help you achieve your real estate goals. Below are some numbers from MIBOR comparing December 2021 with January 2022. It should be noted that January median sales price is the highest on record, despite dropping a bit from December.
Median sales price=$246,000 DOWN 3.5%
Closed sales=2,161 units DOWN 35.8%
New listings=2,495 units UP 13.6%
Pending sales=2,849 units UP 17.7%
Days on market=29 days UP 20.8%
Price per s.f.=$149 DOWN 1.3%
% of ask received=99.4% DOWN 0.6%
Active inventory=1,738 units DOWN 16.2%
Absorption rate=0.8 months UP 33.3%
There is a LOT of information swirling around about the real estate market. If you would like to know accurate info about YOUR house, give me a call-317-573-1880. We will perform an equity analysis to see how much equity you have in your house and what an accurate market valuation is. This is absolutely FREE to you as a client/referral partner of ours. As a certified Pricing Strategy Advisor, I have been specifically trained on how to properly value residential real estate. Put my training and experience to work for you!
We hope you enjoy this month’s newsletter!! Let us know what you think. Also, check out our website and our YouTube Channel for LOTS more real estate resources, including videos, guides, and articles.
Happy St. Patrick’s Day!!
Your Friends in Real Estate,
Steve, Kylie, Patti, and Thea
I just returned from sunny Orlando for Keller Williams’ annual convention called Family Reunion. There were 9,000 agents from all over the world there to network and learn how to better help their clients. So much information and fun!! The overarching sentiment was that we will continue to see this strong real estate market for quite some time as we are 7-years behind in inventory with no reduction in buyer demand in sight.
Greer, SC is my next stop for a 2-day, adrenaline-pumping experience at BMW’s M School. We race BMW M-series cars around their racetrack under the watchful instruction of professional drivers under many different scenarios. At the end of the weekend, we will have logged over 13-hours of driving and having become much better and more responsive drivers. I take Ana in June for a similar course-the Teen Driving School. She shares her dad’s passion for cars and can’t wait to go!!
Speaking of Ana, she is finishing her final exams this week and is looking forward to winter formal, which has been postponed twice due to COVID. While I will miss seeing her due to my M School, she is really looking forward to going with a group of her friends. Ana has only been driving since December and has done really well!! We are so proud of how responsible she is.
Tali is still in competition season for cheer. We head to Chicago next weekend for a 2-day competition. Her team did really well a couple of weekends ago and earned a bid to Nationals later this year. She is so excited!!!
Patti had a very unfortunate event take place in her house with her ceiling falling in!!! She finally got back into her house after about 2-weeks with contractors cleaning up the mess and giving her new ceiling, floors, and walls. Patti also has a new virtual assistant to help her with marketing. Please welcome MK to our team!!! He just started this week and we look forward to having him help us!
Kylie is glad to be back with us after having COVID for a couple of weeks. We certainly missed her and are happy she is feeling much better!
Thea continues to be super-busy helping all of our buyers find homes. She has seen quite a bit of success beating out other buyers so if you have been thinking about jumping into the market, please call us. She is really good at finding the right home for our clients!
Thank you to everyone who attended our February Happy Hour sponsored by Chris Odle. Chris is a financial advisor who helps people protect their money and grow it for retirement. He is really good at what he does and we highly recommend him!!! Give him a call at 214-213-5112. Please plan to attend our March Happy Hour on St. Patrick’s Day, March 17th from 5-6:30pm at Matt The Miller’s in Carmel. We would love to share the luck o’ the Irish with you!!!
We had a great call-in for our most recent contest and congratulations, again to Ellen Milburn for winning a jam-packed weekend at French Lick!! Enjoy!!!!
Our next contest is our BIGGEST yet and you do not want to miss this!! Call us at 317-426-6108 on Tuesday, March 8th from 11AM-4PM for your chance to win a $5,000 gift card for a dream vacation!!! If you call us with a referral, we will add 3 more entries for you. If you have a spouse or significant other, both of you can call in. Just call us to get entered.
As mentioned earlier, the real estate market continues to be white hot!!! Interest rates continue to rise and so do house values. If you are thinking of buying/selling/building this year or know someone who is, please all us-317-573-1880. We would love to have a conversation with you about what your plans are and how we can best help you achieve your real estate goals. Below are some numbers from MIBOR comparing December 2021 with January 2022. It should be noted that January median sales price is the highest on record, despite dropping a bit from December.
Median sales price=$246,000 DOWN 3.5%
Closed sales=2,161 units DOWN 35.8%
New listings=2,495 units UP 13.6%
Pending sales=2,849 units UP 17.7%
Days on market=29 days UP 20.8%
Price per s.f.=$149 DOWN 1.3%
% of ask received=99.4% DOWN 0.6%
Active inventory=1,738 units DOWN 16.2%
Absorption rate=0.8 months UP 33.3%
There is a LOT of information swirling around about the real estate market. If you would like to know accurate info about YOUR house, give me a call-317-573-1880. We will perform an equity analysis to see how much equity you have in your house and what an accurate market valuation is. This is absolutely FREE to you as a client/referral partner of ours. As a certified Pricing Strategy Advisor, I have been specifically trained on how to properly value residential real estate. Put my training and experience to work for you!
We hope you enjoy this month’s newsletter!! Let us know what you think. Also, check out our website and our YouTube Channel for LOTS more real estate resources, including videos, guides, and articles.
Happy St. Patrick’s Day!!
Your Friends in Real Estate,
Steve, Kylie, Patti, and Thea
Monday, January 31, 2022
February Real Estate Update
Happy Valentine’s Day! We hope that 2022 is off to a good start and that this finds you happy and healthy. I think we are all hoping that 2022 is much healthier that 2020 and 2021 and we can finally start to move past this pandemic. Only time will tell…
The spring market arrived early this year and is in full swing already! Sellers are enjoying crazy good offers and buyers are seeing the continuation of a very competitive market. According to a report by REALTOR.com, Indianapolis is ranked #2 behind Seattle as expecting the biggest increase in sales from 2021 at 14.8%!! Seattle being 15.3%. While we do not know when this wild seller’s market will come to an end, we do know we are closer every year. My prediction is that we will see a noticeable slow-down in 2023, but will still move at a good clip for the next 3 years or so. Builders have increased production to the highest amount of new builds since 2008, but even with that, the National Association of Home Builders states we are still about 5-7 years away from being able to satisfy demand!
With all of this being said, knowing your home’s equity in a reliable manner (Zillow is NOT reliable) is more important now than ever before. You should have received an e-mail from me and a post card within the past couple of weeks encouraging you to schedule a quick 30-minute Equity Analysis. Many clients have taken us up on our offer. There is still time to schedule a quick Zoom consultation by clicking: https://calendly.com/steverupp/30min
Steve and his family are doing well and Tali is in the middle of cheer competition season and having a great time at competitions. Ana is preparing for her next Indianapolis Children’s Choir concert and keeping up with her studies and getting ready for her first ACT and SAT exams. She is enjoying driving her new car and the freedom that comes with it (and so are we!) Steve is looking forward to attending Keller Williams’ annual convention called Family Reunion in Orlando in the middle of February and then heads to Greer, SC to participate in a 2-day BMW M-School where he will be taking a course on racing BMWs. He takes Ana to a 2-day Teen Driving School at the same track in June.
Thea is keeping extremely busy with helping lots of buyers right now win competitive offers. She is enjoying driving a new car for the first time in many years and is putting lots of miles on it already!
Kylie, along with her family has avoided getting COVID…until last week. She has been working on getting better and we are anxious to have her back in the office again.
Patti has been working extra hard while Kylie has been out and finalizing our marketing calendar for the year as well as brand new client guides that incorporate all of the changes our industry has seen in just the past 2-years.
Speaking of changes, you have likely received calls/texts/e-mails/mailings regarding ‘instant offers’. They have even made it to TV commercials. While there is certainly a demographic that can benefit from these types of programs, on average after repair costs, fees (yes, they have some stiff fees) and a profit margin, people are leaving about 15% equity on the table by using these services just to avoid a day or two of showings. Know that if this is an option you would like to explore, we have a program called Keller Offers that is a competitor to these other instant offer services. It is very transparent and efficient and we can get you an offer within 48-hours of viewing your house and you can stay in your house for up to 6-months. This is not the best option if you are trying to maximize your cash at closing, but it is an option if you need to sell very quickly and don’t want to make any preparations for sale or have any showings.
We also have a new product called Keller Concierge. Simply put, this is a short-term (up to 12-months) loan based on your credit that advances you money in order to prepare your house for sale, so you don’t have to use any money out of pocket or liquidate any investments. The terms are VERY attractive. The loan is repaid when you close your house. This is perfect for people who want to make some repairs/updates to their house in order to maximize their sales price, but don’t have or want to spend their own money. Call us if you are interested in either of these programs and we can give/send you more info so you can see if they are a good fit for you.
Thank you to everyone who attended Happy Hour in January! We had a great turnout and lots of laughter and smiles were found throughout the evening. Thank you to 2-10 Home Warranty for sponsoring the evening! Please join us Thursday, February 17th from 5-6:30pm at Matt The Miller’s again for FREE drinks and appetizers. Thank you to Chris Odle with JLK Financial for sponsoring this month’s Happy Hour. Chris is a client and an experienced financial advisor.
Hope you have seen some info lately on our very first Quarterly Prize Giveaway of 2022 taking place on Tuesday, February 1st from 10am-4pm. All you have to do is call us at 317-426-6108. We will ask you a few questions and that is it!!! If you have someone that is thinking of buying, selling, or building a new home soon, give us their name/number and we will give you FIVE more entries. You are entering to win a luxury weekend at French Lick worth over $1,500!!! Thank you to Rojas Roofing and Walla Painting for co-sponsoring this amazing prize package!! You do NOT want to miss this contest!
We have mentioned how competitive the housing market continues to be and here are some stats from MIBOR comparing December 2021 to November 2021:
Median Sales Price=$255,000 >UP 1.2%
Closed Sales=3,323 units >DOWN 4.3%
New Listings=2,162 units >DOWN 29.6%
Pending Sales=2,510 units >DOWN 19.3%
Days on Market=26 days >UP 23.8%
Price per s.f.=$151 >UP 1.3%
% of Ask Received=100.0% >no change
Active Inventory=2,094 units >DOWN 13.7%
Absorption Rate=0.6 months >DOWN 14.3%
Keep in mind, these numbers are for the slower winter market. Expect to see inventory and sales increase dramatically as we transition into the spring market.
Finally, watch your e-mail and social media for a SPECIAL surprise on February 9th. This is something we have never done before and are SO excited to announce it. Be prepared to call us as soon as you see the e-mail/social media post at 317-426-6108.
Thank you for reading!!! We have so many fun events and contests planned for this year and love seeing you!! Hope to see you at one of them soon!!!
Your friends in real estate,
Steve, Kylie, Thea, and Patti
P.S. Please don’t keep us a secret!
Click here to read out February newsletter
The spring market arrived early this year and is in full swing already! Sellers are enjoying crazy good offers and buyers are seeing the continuation of a very competitive market. According to a report by REALTOR.com, Indianapolis is ranked #2 behind Seattle as expecting the biggest increase in sales from 2021 at 14.8%!! Seattle being 15.3%. While we do not know when this wild seller’s market will come to an end, we do know we are closer every year. My prediction is that we will see a noticeable slow-down in 2023, but will still move at a good clip for the next 3 years or so. Builders have increased production to the highest amount of new builds since 2008, but even with that, the National Association of Home Builders states we are still about 5-7 years away from being able to satisfy demand!
With all of this being said, knowing your home’s equity in a reliable manner (Zillow is NOT reliable) is more important now than ever before. You should have received an e-mail from me and a post card within the past couple of weeks encouraging you to schedule a quick 30-minute Equity Analysis. Many clients have taken us up on our offer. There is still time to schedule a quick Zoom consultation by clicking: https://calendly.com/steverupp/30min
Steve and his family are doing well and Tali is in the middle of cheer competition season and having a great time at competitions. Ana is preparing for her next Indianapolis Children’s Choir concert and keeping up with her studies and getting ready for her first ACT and SAT exams. She is enjoying driving her new car and the freedom that comes with it (and so are we!) Steve is looking forward to attending Keller Williams’ annual convention called Family Reunion in Orlando in the middle of February and then heads to Greer, SC to participate in a 2-day BMW M-School where he will be taking a course on racing BMWs. He takes Ana to a 2-day Teen Driving School at the same track in June.
Thea is keeping extremely busy with helping lots of buyers right now win competitive offers. She is enjoying driving a new car for the first time in many years and is putting lots of miles on it already!
Kylie, along with her family has avoided getting COVID…until last week. She has been working on getting better and we are anxious to have her back in the office again.
Patti has been working extra hard while Kylie has been out and finalizing our marketing calendar for the year as well as brand new client guides that incorporate all of the changes our industry has seen in just the past 2-years.
Speaking of changes, you have likely received calls/texts/e-mails/mailings regarding ‘instant offers’. They have even made it to TV commercials. While there is certainly a demographic that can benefit from these types of programs, on average after repair costs, fees (yes, they have some stiff fees) and a profit margin, people are leaving about 15% equity on the table by using these services just to avoid a day or two of showings. Know that if this is an option you would like to explore, we have a program called Keller Offers that is a competitor to these other instant offer services. It is very transparent and efficient and we can get you an offer within 48-hours of viewing your house and you can stay in your house for up to 6-months. This is not the best option if you are trying to maximize your cash at closing, but it is an option if you need to sell very quickly and don’t want to make any preparations for sale or have any showings.
We also have a new product called Keller Concierge. Simply put, this is a short-term (up to 12-months) loan based on your credit that advances you money in order to prepare your house for sale, so you don’t have to use any money out of pocket or liquidate any investments. The terms are VERY attractive. The loan is repaid when you close your house. This is perfect for people who want to make some repairs/updates to their house in order to maximize their sales price, but don’t have or want to spend their own money. Call us if you are interested in either of these programs and we can give/send you more info so you can see if they are a good fit for you.
Thank you to everyone who attended Happy Hour in January! We had a great turnout and lots of laughter and smiles were found throughout the evening. Thank you to 2-10 Home Warranty for sponsoring the evening! Please join us Thursday, February 17th from 5-6:30pm at Matt The Miller’s again for FREE drinks and appetizers. Thank you to Chris Odle with JLK Financial for sponsoring this month’s Happy Hour. Chris is a client and an experienced financial advisor.
Hope you have seen some info lately on our very first Quarterly Prize Giveaway of 2022 taking place on Tuesday, February 1st from 10am-4pm. All you have to do is call us at 317-426-6108. We will ask you a few questions and that is it!!! If you have someone that is thinking of buying, selling, or building a new home soon, give us their name/number and we will give you FIVE more entries. You are entering to win a luxury weekend at French Lick worth over $1,500!!! Thank you to Rojas Roofing and Walla Painting for co-sponsoring this amazing prize package!! You do NOT want to miss this contest!
We have mentioned how competitive the housing market continues to be and here are some stats from MIBOR comparing December 2021 to November 2021:
Median Sales Price=$255,000 >UP 1.2%
Closed Sales=3,323 units >DOWN 4.3%
New Listings=2,162 units >DOWN 29.6%
Pending Sales=2,510 units >DOWN 19.3%
Days on Market=26 days >UP 23.8%
Price per s.f.=$151 >UP 1.3%
% of Ask Received=100.0% >no change
Active Inventory=2,094 units >DOWN 13.7%
Absorption Rate=0.6 months >DOWN 14.3%
Keep in mind, these numbers are for the slower winter market. Expect to see inventory and sales increase dramatically as we transition into the spring market.
Finally, watch your e-mail and social media for a SPECIAL surprise on February 9th. This is something we have never done before and are SO excited to announce it. Be prepared to call us as soon as you see the e-mail/social media post at 317-426-6108.
Thank you for reading!!! We have so many fun events and contests planned for this year and love seeing you!! Hope to see you at one of them soon!!!
Your friends in real estate,
Steve, Kylie, Thea, and Patti
P.S. Please don’t keep us a secret!
Click here to read out February newsletter
Thursday, December 23, 2021
January 2022 Real Estate update
Happy New Year!! We hope your holidays have been good so far and that you have been able to find at least a little time in all of the hectic pace of this time of the year to slow down and enjoy some time with friends and family. We wish you a happy, healthy and prosperous 2022!!
As you are most certainly aware, the real estate market has been absolutely off the rails the past few years. We are seeing things we have never seen before in history! Needless to say, if you have ever remotely thought about selling your house, give us a call to talk through some options. The comment we usually get is, ‘Steve, I know we can sell our house, but where are we going to go?’ Great comment! Know that we have 4 options for you and we would be happy to discuss them to see what makes the most sense for your situation. Indianapolis has been named as the 2nd hottest real estate market in 2022 in the entire US! Interest rates are expected to rise slightly, but remain very low. Call us today at 317-573-1880 to learn how this all affects you.
Steve and his family traveled to Colonial Williamsburg to spend some time with Brigid’s family between Christmas and New Year’s. They also visited Busch Gardens. A long drive, but worth the time spent together.
Thea traveled to Cleveland to see her family and Michael’s family and enjoyed some downtime.
Patti and Ron stayed local and enjoyed some time off for much deserved downtime as well. Patti tweaked her knee a couple of weeks ago and has been dealing with that as well.
Kylie’s family is all local and they stayed in town for the holidays. She enjoyed a couple of weeks off at the end of the year to recharge with her family.
Thank you to everyone who submitted a nomination for our Christmas family this year. There were so many deserving families. Ultimately, Sheri Buschuk’s nomination was chosen. We were able to visit with her family she nominated and present them with gift cards to use to purchase presents that they need. It was so fun to see the smiles on their faces as they opened the presents! Thank you to Ranj Puthran of Allstate Insurance and to Josh and Missy Wakley of JW Restore for sponsoring our gifts and for helping us to present them to the family. Look for your opportunity to nominate a deserving family next holiday season!
We hope you will join us for our first Happy Hour of 2022 on January 20th from 5-6:30pm at Matt The Miller’s in Carmel. We will have a drawing and as always FREE drinks and food!!
Stay tuned for information on our next call in for our Quarterly Prize Package!! We have been working hard to put together an amazing gift you will not want to miss out. Call us anytime between 10AM-4PM. Look for information on our social media channels, e-mail and our website on how to call in and what our grand prize is.
Because we have received so many questions about this crazy market, Thea is going to host a virtual Buyer Workshop on January 11th from 5:30-6:30pm. She will be talking about this market, what is working for buyers and what isn’t and how you can be competitive if you are thinking of buying a home in 2022. She will cover what the home buying process looks like and will be available to answer any and all questions. Pass this along to friends who may be interested. Check our website and social media for log-in details.
As mentioned previously, our market remains HOT, however it has cooled off a bit for the season, as usual. Below are some stats from MIBOR comparing October 2021 to November 2021:
Median Sales Price=DOWN 1.6% to $251,000
Closed Sales=DOWN 2.4% to 3,421 units
New Listings=DOWN 20.6% to 3,050 units
Pending Sales=DOWN 9.3% to 3,292 units
Days on Market=UP 16.7% to 21 days
Price per s.f.=No change at $149/s.f.
% of Ask Received=DOWN 0.4% to 100.0%
Active Inventory=DOWN 10.5% to 2,412 units
Absorption Rate=DOWN 12.5% to 0.7 months
As you can see, our market has softened as we have entered our slower winter market. If you are thinking of buying before the expected busy spring market hits mid-February, this may be your best time to do so. Call us at 317-573-1880 to talk through your options.
Are you or someone you know thinking about getting into real estate? Give Steve a call at 317-573-1880. He meets regularly with people thinking about making a career change and would be happy to share some thoughts and answer questions.
We wish you a happy 2022 and let’s all hope is it healthier than 2021!
Your friends in real estate,
Steve, Kylie, Thea, and Patti
P.S. Please don’t keep us a secret! Click here to read our January 2022 newsletter Click here to visit our website full of resources and information
As you are most certainly aware, the real estate market has been absolutely off the rails the past few years. We are seeing things we have never seen before in history! Needless to say, if you have ever remotely thought about selling your house, give us a call to talk through some options. The comment we usually get is, ‘Steve, I know we can sell our house, but where are we going to go?’ Great comment! Know that we have 4 options for you and we would be happy to discuss them to see what makes the most sense for your situation. Indianapolis has been named as the 2nd hottest real estate market in 2022 in the entire US! Interest rates are expected to rise slightly, but remain very low. Call us today at 317-573-1880 to learn how this all affects you.
Steve and his family traveled to Colonial Williamsburg to spend some time with Brigid’s family between Christmas and New Year’s. They also visited Busch Gardens. A long drive, but worth the time spent together.
Thea traveled to Cleveland to see her family and Michael’s family and enjoyed some downtime.
Patti and Ron stayed local and enjoyed some time off for much deserved downtime as well. Patti tweaked her knee a couple of weeks ago and has been dealing with that as well.
Kylie’s family is all local and they stayed in town for the holidays. She enjoyed a couple of weeks off at the end of the year to recharge with her family.
Thank you to everyone who submitted a nomination for our Christmas family this year. There were so many deserving families. Ultimately, Sheri Buschuk’s nomination was chosen. We were able to visit with her family she nominated and present them with gift cards to use to purchase presents that they need. It was so fun to see the smiles on their faces as they opened the presents! Thank you to Ranj Puthran of Allstate Insurance and to Josh and Missy Wakley of JW Restore for sponsoring our gifts and for helping us to present them to the family. Look for your opportunity to nominate a deserving family next holiday season!
We hope you will join us for our first Happy Hour of 2022 on January 20th from 5-6:30pm at Matt The Miller’s in Carmel. We will have a drawing and as always FREE drinks and food!!
Stay tuned for information on our next call in for our Quarterly Prize Package!! We have been working hard to put together an amazing gift you will not want to miss out. Call us anytime between 10AM-4PM. Look for information on our social media channels, e-mail and our website on how to call in and what our grand prize is.
Because we have received so many questions about this crazy market, Thea is going to host a virtual Buyer Workshop on January 11th from 5:30-6:30pm. She will be talking about this market, what is working for buyers and what isn’t and how you can be competitive if you are thinking of buying a home in 2022. She will cover what the home buying process looks like and will be available to answer any and all questions. Pass this along to friends who may be interested. Check our website and social media for log-in details.
As mentioned previously, our market remains HOT, however it has cooled off a bit for the season, as usual. Below are some stats from MIBOR comparing October 2021 to November 2021:
Median Sales Price=DOWN 1.6% to $251,000
Closed Sales=DOWN 2.4% to 3,421 units
New Listings=DOWN 20.6% to 3,050 units
Pending Sales=DOWN 9.3% to 3,292 units
Days on Market=UP 16.7% to 21 days
Price per s.f.=No change at $149/s.f.
% of Ask Received=DOWN 0.4% to 100.0%
Active Inventory=DOWN 10.5% to 2,412 units
Absorption Rate=DOWN 12.5% to 0.7 months
As you can see, our market has softened as we have entered our slower winter market. If you are thinking of buying before the expected busy spring market hits mid-February, this may be your best time to do so. Call us at 317-573-1880 to talk through your options.
Are you or someone you know thinking about getting into real estate? Give Steve a call at 317-573-1880. He meets regularly with people thinking about making a career change and would be happy to share some thoughts and answer questions.
We wish you a happy 2022 and let’s all hope is it healthier than 2021!
Your friends in real estate,
Steve, Kylie, Thea, and Patti
P.S. Please don’t keep us a secret! Click here to read our January 2022 newsletter Click here to visit our website full of resources and information
Saturday, November 27, 2021
December 2021 Newsletter
Happy Holidays from our families to yours!!! This can be an extremely busy time of the year for many of us and we hope that you are able to take some time to relax and enjoy the reason for the season. It can also be a very lonely time for many people celebrating the holidays alone. If you know someone who is, please consider calling, video-chatting, or visiting them to let them know they are not alone and people do care about them. If you are feeling alone, please give us a call at 317-573-1880. We would LOVE to talk with you and catch up on your life.
We are coming out of the busiest month of events we have all year. Patti who is our Director of Marketing has done a superb job of planning and coordinating all of our events for our clients. We kicked the holiday season off with our last Happy Hour of the year and had a great turnout. It is always so good to see so many happy faces! Don’t forget, we do not host a Happy Hour in December due to busy holiday schedules, but we look forward to seeing you in January to kick the new year off on Thursday, January 20th from 5-6:30pm at Matt The Miller’s in Carmel. If you haven’t joined us yet, please consider dropping by. Drinks and appetizers are always on us! You bring the smile and conversation. ;-)
Our 2nd event of the month was our North Pole Experience featuring Photos with Santa. We had over 450 people come through this year and saw lots of smiles and happy kiddos!! If you had your photos taken with Santa, they will be sent to you via e-mail shortly.
Our 3rd and final event of the month was our 2nd Annual Steve and Mark’s Pie Giveaway. We gave away over 150 pies in 24-hours!!! Not only were we able to help our clients celebrate Thanksgiving with their families, but we also helped a local bakery No Label at The Table that is an entirely allergen-free bakery that employs only young adults on the autism spectrum. It is a wonderful family-owned bakery that has become an amazing partner for us. In addition, we gave away 50 pies to Student Impact so less-fortunate families could have a little sweeter holiday as well. Thank you to our lender partner Mark Kuchik with CrossCountry Mortgage for co-sponsoring this amazing day with us. We hope you enjoyed your pie, if you participated. If you didn’t, please consider doing so next year.
The real estate market has taken its usual slower pace between Thanksgiving and New Year’s, but we are still seeing super-low inventory and lots of buyers looking for homes. This is predicted to be one of the busiest winter markets on record, however with the super-low interest rates still hovering around 3% and many buyers sitting on the sidelines until spring, this is a great time to take advantage of a slight slow down and find your dream home! We would be happy to help you and guide, lead, and protect you throughout your journey. Interest rates will not stay this low forever and we see the window closing, so act now before higher rates make housing less affordable.
Here are some stats from MIBOR comparing October 2021 to September 2021:
Median Sales Price-$255,000-No change
Closed Sales-3,448 units-DOWN 7.0%
New Listings-3,807 units-DOWN 2.6%
Pending Sales-3,784 units-UP 7.7%
Days on Market-19-UP 5.6%
Price per s.f.-$149-no change
% of Ask Received-100.4%-DOWN 0.1%
Active Inventory-2,682 units-UP 0.8%
Absorption Rate-0.8 months-UP 14.3%
You can see a very slight softening of the market, but make no mistake, these are extremely strong numbers posted for what is typically the beginning of the slowing for the year for the real estate market. New listings going down, but pending sales going up is the opposite of what we need right now with such an anemic inventory level. Seeing the active inventory going up slightly is a help, but we need a lot more. If you are considering putting your house on the market now or in the spring, please give us a call, so we can consult with you about your options-317-573-1880. There may be some creative options we can show you to take advantage of this HOT sellers’ market.
We hope you have received your calendar by now as well and that you can proudly display and enjoy it all of next year.
Steve, Thea, Kylie, and Patti are all working until Christmas helping our clients with their real estate needs and then we are all taking a week off to spend time with our families before the crazy spring real estate market starts up in February.
We hope to see you at our January Happy Hour!!! Look for some fun events coming up soon such as our Valentine’s Day prize package giveaway (we have something BIG this year), our spring client appreciation event at Sundown Gardens, and our spring Shred Day.
From our families to yours, we wish you a very happy holiday season filled with laughter, happiness, and some time to spend with your families and friends. Thank you for being such great clients and referral partners!! We are grateful for you!!!
Your friends in real estate,
Steve, Kylie, Patti, and Thea
P.S. Please don’t keep us a secret… Click here to read our December newsletter Click here to visit our website Click here to read what others have to say about us Click here to download the most powerful real estate app available Click here to get access to coupons and discounts at places you shop every day
We are coming out of the busiest month of events we have all year. Patti who is our Director of Marketing has done a superb job of planning and coordinating all of our events for our clients. We kicked the holiday season off with our last Happy Hour of the year and had a great turnout. It is always so good to see so many happy faces! Don’t forget, we do not host a Happy Hour in December due to busy holiday schedules, but we look forward to seeing you in January to kick the new year off on Thursday, January 20th from 5-6:30pm at Matt The Miller’s in Carmel. If you haven’t joined us yet, please consider dropping by. Drinks and appetizers are always on us! You bring the smile and conversation. ;-)
Our 2nd event of the month was our North Pole Experience featuring Photos with Santa. We had over 450 people come through this year and saw lots of smiles and happy kiddos!! If you had your photos taken with Santa, they will be sent to you via e-mail shortly.
Our 3rd and final event of the month was our 2nd Annual Steve and Mark’s Pie Giveaway. We gave away over 150 pies in 24-hours!!! Not only were we able to help our clients celebrate Thanksgiving with their families, but we also helped a local bakery No Label at The Table that is an entirely allergen-free bakery that employs only young adults on the autism spectrum. It is a wonderful family-owned bakery that has become an amazing partner for us. In addition, we gave away 50 pies to Student Impact so less-fortunate families could have a little sweeter holiday as well. Thank you to our lender partner Mark Kuchik with CrossCountry Mortgage for co-sponsoring this amazing day with us. We hope you enjoyed your pie, if you participated. If you didn’t, please consider doing so next year.
The real estate market has taken its usual slower pace between Thanksgiving and New Year’s, but we are still seeing super-low inventory and lots of buyers looking for homes. This is predicted to be one of the busiest winter markets on record, however with the super-low interest rates still hovering around 3% and many buyers sitting on the sidelines until spring, this is a great time to take advantage of a slight slow down and find your dream home! We would be happy to help you and guide, lead, and protect you throughout your journey. Interest rates will not stay this low forever and we see the window closing, so act now before higher rates make housing less affordable.
Here are some stats from MIBOR comparing October 2021 to September 2021:
Median Sales Price-$255,000-No change
Closed Sales-3,448 units-DOWN 7.0%
New Listings-3,807 units-DOWN 2.6%
Pending Sales-3,784 units-UP 7.7%
Days on Market-19-UP 5.6%
Price per s.f.-$149-no change
% of Ask Received-100.4%-DOWN 0.1%
Active Inventory-2,682 units-UP 0.8%
Absorption Rate-0.8 months-UP 14.3%
You can see a very slight softening of the market, but make no mistake, these are extremely strong numbers posted for what is typically the beginning of the slowing for the year for the real estate market. New listings going down, but pending sales going up is the opposite of what we need right now with such an anemic inventory level. Seeing the active inventory going up slightly is a help, but we need a lot more. If you are considering putting your house on the market now or in the spring, please give us a call, so we can consult with you about your options-317-573-1880. There may be some creative options we can show you to take advantage of this HOT sellers’ market.
We hope you have received your calendar by now as well and that you can proudly display and enjoy it all of next year.
Steve, Thea, Kylie, and Patti are all working until Christmas helping our clients with their real estate needs and then we are all taking a week off to spend time with our families before the crazy spring real estate market starts up in February.
We hope to see you at our January Happy Hour!!! Look for some fun events coming up soon such as our Valentine’s Day prize package giveaway (we have something BIG this year), our spring client appreciation event at Sundown Gardens, and our spring Shred Day.
From our families to yours, we wish you a very happy holiday season filled with laughter, happiness, and some time to spend with your families and friends. Thank you for being such great clients and referral partners!! We are grateful for you!!!
Your friends in real estate,
Steve, Kylie, Patti, and Thea
P.S. Please don’t keep us a secret… Click here to read our December newsletter Click here to visit our website Click here to read what others have to say about us Click here to download the most powerful real estate app available Click here to get access to coupons and discounts at places you shop every day
Sunday, October 24, 2021
November 2021 Newsletter
It’s hard to believe we are only one month away from Thanksgiving and Halloween is next week! It seems like this year has just flown by. We hope this month’s newsletter finds you and those you care about happy and healthy. This is a busy time for our team and events we are organizing for YOU!
Steve and his family enjoyed some down time for Fall Break. Steve and Brigid got away for a long weekend with some agents from his office to Lexington, KY and the Bourbon Trail. We enjoyed a short river cruise followed by some distillery tours and then enjoyed some racing at Keeneland race track. We also were able to see one of Brigid’s former co-workers who owns a horse ranch down there and see his property. Absolutely beautiful!
After coming home for a day, we left for Ft. Meyers, FL, sans Ana who had to stay home as her Fall Break was the following week and is only two days. She enjoyed spending time with Steve’s parents. Tali spent the next few days with Brigid’s parents and then met up with a former neighbor who lives in Miami, FL now while Steve and Brigid took a ferry to Key West for a few days. Steve and Tali flew home and Brigid flew to Charlotte to meet up with Ana and a friend and her mom to do some college visits. They saw Wake Forest, University of South Carolina, Clemson, and UNC-Chapel Hill. She has also toured Purdue and University of Tampa. Right now, Clemson is the front-runner as she wants to study Industrial Engineering and design concept cars and Clemson has the only undergraduate program in the country for that. We will see.
Patti enjoyed a couple of weeks of vacation a few weeks ago down to Florida and we are so happy to have her back working on all of the events we have coming up!!!
Kylie’s birthday was last week and she went to Gatlinburg, TN with her family for a few days to relax and spend time with them. We look forward to her return as well.
Thea is working hard finding buyers homes. She had quite a few weddings to attend this year and her last one is the beginning of November. She is looking forward to staying home for a bit!
The housing market continues to be extremely competitive, although not quite as bad as this spring was. We are still super-short on inventory, however if you or someone you care about is looking for a new home this is a great time to look as competition isn’t quite as fierce and interest rates are still super-low, around 3%. We expect those to continue to creep up.
We continue our 100 videos in 100 days challenge. Hopefully, you have had a chance to watch some of them and like and subscribe to our channel. If not, please visit it here: www.youtube.com/IndyRupp
We had a great October Happy Hour last week with lots of old and new faces. If you haven’t had a chance to join us, please consider doing so for our last Happy Hour of the year in November. You can find us at Matt The Miller’s in Carmel from 5-6:30pm on Thursday, November 18th. Please RSVP to Patti at Patti@Welcome2Indy.com. We would love to see you, and as always, food and drinks are on us. Thank you to our amazing real estate photographer 360-Tours for sponsoring our October Happy Hour.
Then, on Sunday, November 21st from 11AM-3PM, please join us for Pictures with Santa at our office. Last year, Santa wasn’t able to make it due to COVID, but he is BACK this year!!! We will have the Winter Wonderland, Letters to Santa, Professional Photos, Naughty or Nice station and lots of treats. Please join us!!! RSVP to patti@Welcome2Indy.com
Look for more info coming soon for our 4th Quarter Prize Giveaway!! This quarter is focused on pampering. If you need a little self-care, stay tuned as you will not want to miss this prize package! Make sure you like our Facebook page @TheZuluGroup to make sure you don’t miss our announcements for this amazing prize package.
You should have received our Pie Giveaway postcard recently. Since a crowded movie theater isn’t safe yet, we are going to repeat our very popular Pie Giveaway again this year co-sponsored by our lender partner Mark Kuchik with CrossCountry Mortgage. Mark your calendars for Tuesday, November 23rd from 11AM-6PM to stop by our office to pick up your FREE pie. This is our way of saying thank you for being such great clients, referral partners, and friends. The pies are custom made fresh for us and feature apple, cherry (new this year), and a pie made just for this event and was the #1 choice last year- Steve & Mark’s Perfectly Peach Pie. You MUST reserve your pie by 5pm, Friday, November 19th in order to pick it up. These are being made for us by a small local bakery No Label at The Table. It employs young people on the autism spectrum and the pies are gluten, dairy, and nut free, but not taste-free. We challenge you to find a ‘regular’ pie that tastes as good. In addition, we are donating 50 pies to Student Impact of Westfield which will be supplying them to families in need who wouldn’t usually have a Thanksgiving dinner. We absolutely LOVE this event and all of the people it impacts and hope you will stop by and pick up a pie as a part of your Thanksgiving meal.
As stated earlier, the housing market continues to be strong, however it is showing some signs of slowing just a bit. Here are some stats from MIBOR comparing September 2021 to August 2021:
Median Sales Price-UP 0.4% to $254,062
Closed Sales-DOWN 5.7% to 3,645 units
New Listings-DOWN 8.2% to 3,872 units
Pending Sales-DOWN 8.9% to 3,684 units
Days on Market-UP 18.8% to 19 days
Price per s.f.-UP 1.4% to $149
% of Ask Received-DOWN 0.6% to 100.5%
Active Inventory-UP 5.4% to 2,646 units
Absorption Rate-UP 16.7% to 0.7 months
We hope you enjoy Halloween and if we don’t talk with you before, here’s to hoping you are able to relax and enjoy Thanksgiving with your family and friends and are able to give thanks for the many blessings you have. You are one of those blessings we are counting at our table. :-)
Enjoy the Thanksgiving edition of our newsletter! Click here to read it. Hope to see you at one or more of our November events!
Your Friends in Real Estate,
Steve, Kylie, Patti, and Thea
P.S. Please don’t keep us a secret…
Steve and his family enjoyed some down time for Fall Break. Steve and Brigid got away for a long weekend with some agents from his office to Lexington, KY and the Bourbon Trail. We enjoyed a short river cruise followed by some distillery tours and then enjoyed some racing at Keeneland race track. We also were able to see one of Brigid’s former co-workers who owns a horse ranch down there and see his property. Absolutely beautiful!
After coming home for a day, we left for Ft. Meyers, FL, sans Ana who had to stay home as her Fall Break was the following week and is only two days. She enjoyed spending time with Steve’s parents. Tali spent the next few days with Brigid’s parents and then met up with a former neighbor who lives in Miami, FL now while Steve and Brigid took a ferry to Key West for a few days. Steve and Tali flew home and Brigid flew to Charlotte to meet up with Ana and a friend and her mom to do some college visits. They saw Wake Forest, University of South Carolina, Clemson, and UNC-Chapel Hill. She has also toured Purdue and University of Tampa. Right now, Clemson is the front-runner as she wants to study Industrial Engineering and design concept cars and Clemson has the only undergraduate program in the country for that. We will see.
Patti enjoyed a couple of weeks of vacation a few weeks ago down to Florida and we are so happy to have her back working on all of the events we have coming up!!!
Kylie’s birthday was last week and she went to Gatlinburg, TN with her family for a few days to relax and spend time with them. We look forward to her return as well.
Thea is working hard finding buyers homes. She had quite a few weddings to attend this year and her last one is the beginning of November. She is looking forward to staying home for a bit!
The housing market continues to be extremely competitive, although not quite as bad as this spring was. We are still super-short on inventory, however if you or someone you care about is looking for a new home this is a great time to look as competition isn’t quite as fierce and interest rates are still super-low, around 3%. We expect those to continue to creep up.
We continue our 100 videos in 100 days challenge. Hopefully, you have had a chance to watch some of them and like and subscribe to our channel. If not, please visit it here: www.youtube.com/IndyRupp
We had a great October Happy Hour last week with lots of old and new faces. If you haven’t had a chance to join us, please consider doing so for our last Happy Hour of the year in November. You can find us at Matt The Miller’s in Carmel from 5-6:30pm on Thursday, November 18th. Please RSVP to Patti at Patti@Welcome2Indy.com. We would love to see you, and as always, food and drinks are on us. Thank you to our amazing real estate photographer 360-Tours for sponsoring our October Happy Hour.
Then, on Sunday, November 21st from 11AM-3PM, please join us for Pictures with Santa at our office. Last year, Santa wasn’t able to make it due to COVID, but he is BACK this year!!! We will have the Winter Wonderland, Letters to Santa, Professional Photos, Naughty or Nice station and lots of treats. Please join us!!! RSVP to patti@Welcome2Indy.com
Look for more info coming soon for our 4th Quarter Prize Giveaway!! This quarter is focused on pampering. If you need a little self-care, stay tuned as you will not want to miss this prize package! Make sure you like our Facebook page @TheZuluGroup to make sure you don’t miss our announcements for this amazing prize package.
You should have received our Pie Giveaway postcard recently. Since a crowded movie theater isn’t safe yet, we are going to repeat our very popular Pie Giveaway again this year co-sponsored by our lender partner Mark Kuchik with CrossCountry Mortgage. Mark your calendars for Tuesday, November 23rd from 11AM-6PM to stop by our office to pick up your FREE pie. This is our way of saying thank you for being such great clients, referral partners, and friends. The pies are custom made fresh for us and feature apple, cherry (new this year), and a pie made just for this event and was the #1 choice last year- Steve & Mark’s Perfectly Peach Pie. You MUST reserve your pie by 5pm, Friday, November 19th in order to pick it up. These are being made for us by a small local bakery No Label at The Table. It employs young people on the autism spectrum and the pies are gluten, dairy, and nut free, but not taste-free. We challenge you to find a ‘regular’ pie that tastes as good. In addition, we are donating 50 pies to Student Impact of Westfield which will be supplying them to families in need who wouldn’t usually have a Thanksgiving dinner. We absolutely LOVE this event and all of the people it impacts and hope you will stop by and pick up a pie as a part of your Thanksgiving meal.
As stated earlier, the housing market continues to be strong, however it is showing some signs of slowing just a bit. Here are some stats from MIBOR comparing September 2021 to August 2021:
Median Sales Price-UP 0.4% to $254,062
Closed Sales-DOWN 5.7% to 3,645 units
New Listings-DOWN 8.2% to 3,872 units
Pending Sales-DOWN 8.9% to 3,684 units
Days on Market-UP 18.8% to 19 days
Price per s.f.-UP 1.4% to $149
% of Ask Received-DOWN 0.6% to 100.5%
Active Inventory-UP 5.4% to 2,646 units
Absorption Rate-UP 16.7% to 0.7 months
We hope you enjoy Halloween and if we don’t talk with you before, here’s to hoping you are able to relax and enjoy Thanksgiving with your family and friends and are able to give thanks for the many blessings you have. You are one of those blessings we are counting at our table. :-)
Enjoy the Thanksgiving edition of our newsletter! Click here to read it. Hope to see you at one or more of our November events!
Your Friends in Real Estate,
Steve, Kylie, Patti, and Thea
P.S. Please don’t keep us a secret…
Tuesday, September 28, 2021
October 2021 Newsletter
Happy Fall!! If you are like my daughter, this is your favorite time of the year-football, cooler temperatures, colors galore, fun Fall activities, and pumpkin-spiced everything! We hope you, too are enjoying the Fall colors and everything that goes along with it. One of the things families with children look forward to is Fall Break! If you fall into this category, where are you headed this year, or are you staying local?
Our family is headed to Florida to see Brigid’s family for a bit and then she and I head to the Keys for a few days and then Brigid and Ana head to the Carolina area to do some college tours-Wake Forest, UNC-Chapel Hill, Charlotte, Clemson and maybe a couple of others. We cannot believe how fast the time has flown and in a couple of short years, Ana will be at college.
Ana also has her Learner’s Permit and is doing a good job at driving with us. She continues to be an instructor at Gold Fish Swim School in Carmel and will be picking up more shifts as soccer season ends on October 2nd for her team. She has loved playing soccer for Guerin, but had a concussion for a couple of weeks and missed a couple of games. She will also pick back up with Master Chorale, which is the high school group for The Indianapolis Children’s Choir (ICC). She also volunteers helping the little kids in an ICC group in Carmel and loves spending time with them. She will be inducted into the National Honor Society next month as well, so we are very proud of her!
Tali continues to enjoy 6th grade and her competitive cheer season is getting closer. Her team is working on their routine now and she loves time in the gym.
Brigid still enjoys working for Merck and continues to pursue more advancement opportunities. In her spare time, she has been converting our screened porch into a 4-season sun room. I have been helping her, but this is all her planning and leading. It will really look amazing when it is finished in a couple of weeks…hopefully. The only thing we aren’t doing ourselves is the electrical. We always leave that to the professionals!!! Framing, siding, doors, windows, insulation, trim, flooring is all being done by us. We have learned a LOT!!
Thea is nearing the end of her wedding season. She and Michael have been extremely busy traveling, mostly to Cleveland for family and friends’ weddings and other family events. She is enjoying a slight break from the breakneck pace this spring and summer, but is still staying busy.
Patti and Ron took 2-weeks off to spend time on the beach in Florida. While we really missed her, we are happy they were able to spend some good downtime together.
Kylie is neck-deep in school for the kids and keeping things humming around the office. We are so fortunate to have such a great team to help our clients!!
We hope you were able to attend our September Happy Hour on the 16th. We had beautiful weather and a nice turnout. Thank you to Chris Odle for sponsoring Happy Hour. Chris is a client of ours and is a successful financial planner. Please contact him if you would like to talk about how he can assist with your financial planning-317-842-8200. Please join us for our October Happy Hour on Thursday, October 21st from 5-6:30pm at Matt The Miller’s. We would love to see you and drinks and food are on us!!!
Are you or someone you care about thinking of moving in the next year or two, but haven’t moved in a long time? Come to our next workshop on October 12th from 7-8pm titled The Top 5 Mistakes Smart People Make When Preparing Their Home for Sale. We will cover the preparation process, how to get the most money for your house, what improvements will net you the highest return and what NOT to do prior to a sale. We will also talk about current and projected market conditions and what you can expect. Call Steve at 317-573-1880 in order to register.
We will be doing our Thanksgiving Pie Giveaway again this year on Tuesday, November 23rd all day at our office. Formal invites are forthcoming, but mark your calendars now. We will be getting our pies again from No Label at The Table in Carmel and will also be donating pies to Student Impact in Westfield to underprivileged families. Hope you can drop by and pick up a pie!!
Look for more information coming shortly on our final prize giveaway of the year. This will be a pampering day to relieve stress as you prepare for the hectic pace of the holidays. Call in to register to win!!!! You won’t want to miss it!!!
Our real estate coach has challenged us to get more online presence and we accepted!! We agreed to post 100 videos in 100 days!!! So, what would you like to see us post?? What would you like to learn more about? One thing you can do right now to help us besides some ideas for future episodes, is go to our page and Like and Subscribe. It can be found at www.Youtube.com/SteveRupp Thank you, in advance!
If you are in business and would like to grow your business, learn new ideas, and meet other business professionals, call me at 317-573-1880 and I will put you on the list for a networking gathering at Woodland Bowl Putt-Putt course on October 14th from 5:30-7:30pm. Food and drink are provided as well as the fun times and new connections.
The market continues to be hot, even though it has cooled off a bit. Below are some stats comparing August 2021 to August 2020 courtesy of MIBOR. FYI-interest rates are climbing and are around 3.125% as of today. If you are thinking of buying now is the time to do so and there isn’t nearly as much competition as there was earlier this year.
Median Sales Price-$252,500-UP 10.7%
Closed Sales-3,796 units-UP 1.1%
New Listings-4,187 units-UP 7.4%
Pending Sales-4,222 units-UP 8.8%
Days on Market-17 days-DOWN 41.4%
Price/s.f.-$147-UP 14.0%
% of Ask Received-101.0%-UP 2.0%
Active Inventory-2,493 units-DOWN 16.4%
Absorption Rate-0.7 months-DOWN 12.5%
Thank you for reading this far!!! We hope you enjoy this month’s newsletter full of fun articles, stories, facts, and tidbits. Enjoy your Fall!!!
Your Friends in Real Estate,
Steve, Kylie, Patti, and Thea
P.S. Please don’t keep us a secret! Click here to read our October newsletter
Our family is headed to Florida to see Brigid’s family for a bit and then she and I head to the Keys for a few days and then Brigid and Ana head to the Carolina area to do some college tours-Wake Forest, UNC-Chapel Hill, Charlotte, Clemson and maybe a couple of others. We cannot believe how fast the time has flown and in a couple of short years, Ana will be at college.
Ana also has her Learner’s Permit and is doing a good job at driving with us. She continues to be an instructor at Gold Fish Swim School in Carmel and will be picking up more shifts as soccer season ends on October 2nd for her team. She has loved playing soccer for Guerin, but had a concussion for a couple of weeks and missed a couple of games. She will also pick back up with Master Chorale, which is the high school group for The Indianapolis Children’s Choir (ICC). She also volunteers helping the little kids in an ICC group in Carmel and loves spending time with them. She will be inducted into the National Honor Society next month as well, so we are very proud of her!
Tali continues to enjoy 6th grade and her competitive cheer season is getting closer. Her team is working on their routine now and she loves time in the gym.
Brigid still enjoys working for Merck and continues to pursue more advancement opportunities. In her spare time, she has been converting our screened porch into a 4-season sun room. I have been helping her, but this is all her planning and leading. It will really look amazing when it is finished in a couple of weeks…hopefully. The only thing we aren’t doing ourselves is the electrical. We always leave that to the professionals!!! Framing, siding, doors, windows, insulation, trim, flooring is all being done by us. We have learned a LOT!!
Thea is nearing the end of her wedding season. She and Michael have been extremely busy traveling, mostly to Cleveland for family and friends’ weddings and other family events. She is enjoying a slight break from the breakneck pace this spring and summer, but is still staying busy.
Patti and Ron took 2-weeks off to spend time on the beach in Florida. While we really missed her, we are happy they were able to spend some good downtime together.
Kylie is neck-deep in school for the kids and keeping things humming around the office. We are so fortunate to have such a great team to help our clients!!
We hope you were able to attend our September Happy Hour on the 16th. We had beautiful weather and a nice turnout. Thank you to Chris Odle for sponsoring Happy Hour. Chris is a client of ours and is a successful financial planner. Please contact him if you would like to talk about how he can assist with your financial planning-317-842-8200. Please join us for our October Happy Hour on Thursday, October 21st from 5-6:30pm at Matt The Miller’s. We would love to see you and drinks and food are on us!!!
Are you or someone you care about thinking of moving in the next year or two, but haven’t moved in a long time? Come to our next workshop on October 12th from 7-8pm titled The Top 5 Mistakes Smart People Make When Preparing Their Home for Sale. We will cover the preparation process, how to get the most money for your house, what improvements will net you the highest return and what NOT to do prior to a sale. We will also talk about current and projected market conditions and what you can expect. Call Steve at 317-573-1880 in order to register.
We will be doing our Thanksgiving Pie Giveaway again this year on Tuesday, November 23rd all day at our office. Formal invites are forthcoming, but mark your calendars now. We will be getting our pies again from No Label at The Table in Carmel and will also be donating pies to Student Impact in Westfield to underprivileged families. Hope you can drop by and pick up a pie!!
Look for more information coming shortly on our final prize giveaway of the year. This will be a pampering day to relieve stress as you prepare for the hectic pace of the holidays. Call in to register to win!!!! You won’t want to miss it!!!
Our real estate coach has challenged us to get more online presence and we accepted!! We agreed to post 100 videos in 100 days!!! So, what would you like to see us post?? What would you like to learn more about? One thing you can do right now to help us besides some ideas for future episodes, is go to our page and Like and Subscribe. It can be found at www.Youtube.com/SteveRupp Thank you, in advance!
If you are in business and would like to grow your business, learn new ideas, and meet other business professionals, call me at 317-573-1880 and I will put you on the list for a networking gathering at Woodland Bowl Putt-Putt course on October 14th from 5:30-7:30pm. Food and drink are provided as well as the fun times and new connections.
The market continues to be hot, even though it has cooled off a bit. Below are some stats comparing August 2021 to August 2020 courtesy of MIBOR. FYI-interest rates are climbing and are around 3.125% as of today. If you are thinking of buying now is the time to do so and there isn’t nearly as much competition as there was earlier this year.
Median Sales Price-$252,500-UP 10.7%
Closed Sales-3,796 units-UP 1.1%
New Listings-4,187 units-UP 7.4%
Pending Sales-4,222 units-UP 8.8%
Days on Market-17 days-DOWN 41.4%
Price/s.f.-$147-UP 14.0%
% of Ask Received-101.0%-UP 2.0%
Active Inventory-2,493 units-DOWN 16.4%
Absorption Rate-0.7 months-DOWN 12.5%
Thank you for reading this far!!! We hope you enjoy this month’s newsletter full of fun articles, stories, facts, and tidbits. Enjoy your Fall!!!
Your Friends in Real Estate,
Steve, Kylie, Patti, and Thea
P.S. Please don’t keep us a secret! Click here to read our October newsletter
Monday, August 30, 2021
September 2021 newsletter
Happy Labor Day and end of summer! It seems like the older I get, the faster summer goes. We hope you had a great summer and were able to make some fun memories with those you care about. For us, that meant some time with Brigid’s family who was all in Indy for about a week. We were able to get some really good family photos set in a park in Brownsburg.
Our BIG news is that our oldest daughter Ana is not only a junior at Guerin, but moreover has her learner’s permit and is driving! Yikes! I still can’t believe we are old enough to have a teen driver. Time just continues to go too fast. I am not at all looking forward to the day Ana goes to college. She is spending Fall Break with Brigid, a friend of hers and her mom to do some college visits to Clemson, UNC-Chapel Hill, Charleston, and Georgia. We will see how those go. Tali is in the thick of preparing for winter cheer competition schedule learning her routines and new stunts and tumbling skills. Her stunt group is one of the best in the gym and she absolutely loves it! Unfortunately, she hurt her heal 2-weeks ago and has been in a walking boot to get better.
Brigid and I are converting our screened porch into a sun room right now and doing everything except for the electrical ourselves. This is a huge project, but we are learning a lot and saving about 75% of the cost than to have a pro do it! We hope to have it complete by our next newsletter. I will let you know how it goes.
Thea is in the heat of weddings this summer and fall as she is at the age of friends getting married and so many were postponed from last year. Lots of traveling. Kylie is enjoying having the kids back in school and being able to work at the office more regularly. Patti is enjoying a 2-week vacation right now in Florida. We hope she is able to relax and enjoy some needed downtime with Ron.
The housing market took its usual summer break around July 4th. That lasts until about mid-August, so we are seeing activity pick up again. There are SO many changes happening right now in our industry it is hard to keep up. Many brokerage consolidations (we are not one of them), new technology, new services, etc. Speaking of new services, we will be offering starting August 30th Keller Offers. This service is an alternative to the ‘traditional’ way of selling your house in which we buy your house for cash and allow you to stay in it for up to 90-days with no showings or work done on your house. Additionally, debuting in Q1 2022, will be Keller Concierge whereby we can advance you an interest-free loan to get your house ready for sale, such as paying for new carpet, paint, updating the kitchen, baths, etc. Stay tuned for more information on these exciting new opportunities for only Keller Williams’ clients.
The Indy housing market remains hot and is predicted to remain so for some time. If you or someone you know is thinking about buying, selling, or building a new home in the future, please call me at 317-573-1880. We would love to help any way we can even if your plans are off in the horizon. It is never too early to start a conversation! Here are the latest market stats from MIBOR comparing July 2021 to June 2021:
Median Sales Price-UP 3.8% to $260,000
Closed Sales-DOWN 4.0% to 3,794 units
New Listings-UP 0.1% to 4,392 units
Pending Sales-UP 3.0% to 4,021 units
Days on Market-No change at 14 days
Price per s.f.-UP 0.7% to $147
% of Ask Received-DOWN 0.3% to 101.6%
Active Inventory-UP 21.9% to 2,498 units
Absorption Rate-UP 40% to 0.7 months
It is interesting to note that the median sales price has increased by 15.6% in the past 12-months alone and days on market is down 54.8% in the same period!
Thank you to everyone who attended Shred/Recycling day in August. We had another incredible turnout and hope to have another one yet this year. Our August Happy Hour also had a great turnout, except that it rained toward the end. We appreciate everyone who stayed and hung out. Don’t miss our next Happy Hour on Thursday, September 16th from 5-6:30pm at Matt The Millers. Please RSVP to Patti at Patt@Welcome2Indy.com.
Enjoy the end of summer and we hope to see you at Happy Hour this month!!!
Your Friends in Real Estate,
Steve, Kylie, Thea, Patti
P.S. Please don’t keep us a secret!!
Click here to read our September newsletter
Our BIG news is that our oldest daughter Ana is not only a junior at Guerin, but moreover has her learner’s permit and is driving! Yikes! I still can’t believe we are old enough to have a teen driver. Time just continues to go too fast. I am not at all looking forward to the day Ana goes to college. She is spending Fall Break with Brigid, a friend of hers and her mom to do some college visits to Clemson, UNC-Chapel Hill, Charleston, and Georgia. We will see how those go. Tali is in the thick of preparing for winter cheer competition schedule learning her routines and new stunts and tumbling skills. Her stunt group is one of the best in the gym and she absolutely loves it! Unfortunately, she hurt her heal 2-weeks ago and has been in a walking boot to get better.
Brigid and I are converting our screened porch into a sun room right now and doing everything except for the electrical ourselves. This is a huge project, but we are learning a lot and saving about 75% of the cost than to have a pro do it! We hope to have it complete by our next newsletter. I will let you know how it goes.
Thea is in the heat of weddings this summer and fall as she is at the age of friends getting married and so many were postponed from last year. Lots of traveling. Kylie is enjoying having the kids back in school and being able to work at the office more regularly. Patti is enjoying a 2-week vacation right now in Florida. We hope she is able to relax and enjoy some needed downtime with Ron.
The housing market took its usual summer break around July 4th. That lasts until about mid-August, so we are seeing activity pick up again. There are SO many changes happening right now in our industry it is hard to keep up. Many brokerage consolidations (we are not one of them), new technology, new services, etc. Speaking of new services, we will be offering starting August 30th Keller Offers. This service is an alternative to the ‘traditional’ way of selling your house in which we buy your house for cash and allow you to stay in it for up to 90-days with no showings or work done on your house. Additionally, debuting in Q1 2022, will be Keller Concierge whereby we can advance you an interest-free loan to get your house ready for sale, such as paying for new carpet, paint, updating the kitchen, baths, etc. Stay tuned for more information on these exciting new opportunities for only Keller Williams’ clients.
The Indy housing market remains hot and is predicted to remain so for some time. If you or someone you know is thinking about buying, selling, or building a new home in the future, please call me at 317-573-1880. We would love to help any way we can even if your plans are off in the horizon. It is never too early to start a conversation! Here are the latest market stats from MIBOR comparing July 2021 to June 2021:
Median Sales Price-UP 3.8% to $260,000
Closed Sales-DOWN 4.0% to 3,794 units
New Listings-UP 0.1% to 4,392 units
Pending Sales-UP 3.0% to 4,021 units
Days on Market-No change at 14 days
Price per s.f.-UP 0.7% to $147
% of Ask Received-DOWN 0.3% to 101.6%
Active Inventory-UP 21.9% to 2,498 units
Absorption Rate-UP 40% to 0.7 months
It is interesting to note that the median sales price has increased by 15.6% in the past 12-months alone and days on market is down 54.8% in the same period!
Thank you to everyone who attended Shred/Recycling day in August. We had another incredible turnout and hope to have another one yet this year. Our August Happy Hour also had a great turnout, except that it rained toward the end. We appreciate everyone who stayed and hung out. Don’t miss our next Happy Hour on Thursday, September 16th from 5-6:30pm at Matt The Millers. Please RSVP to Patti at Patt@Welcome2Indy.com.
Enjoy the end of summer and we hope to see you at Happy Hour this month!!!
Your Friends in Real Estate,
Steve, Kylie, Thea, Patti
P.S. Please don’t keep us a secret!!
Click here to read our September newsletter
Monday, July 26, 2021
August 2021 Newsletter
Welcome to the ‘dog days’ of August! The temperature has finally reached what we expect during the summer and school is about back in session. Where did the summer go? We hope you were able to take some time away and enjoy a vacation or two to get a change in scenery. In my last newsletter, I mentioned we travelled to Jackson, WY to see Yellowstone National Park, which was gorgeous. Later this week, I travel to Cleveland to see my three college roommates from Xavier. Last summer was our 25-year college reunion, which was cancelled and we had all agreed to meet at Xavier to celebrate together. When that was cancelled, we agreed to meet in Cleveland this summer, which is where one of the roommates lives. It has been about 20-years since we have all been together. A LOT has changed since we graduated, but our friendship has remained strong…and we are grateful for that. Hope you are able to reconnect with some old friends, too this year!
Ana is going to be a junior at Guerin this year and is already back in summer soccer practice. She did very well at her first exhibition tournament this weekend not losing one game. Tali is still practicing cheer and moved up in teams so the practices and stunts are getting harder, but she loves it! Brigid is still working from home and will be for the rest of her Merck career. She is grateful for that.
Our team has had a lot of distractions this summer. Kylie’s babysitter has had a death in the family causing Kylie to have to work from home quite a bit lately. Thea had a death in the family that took her home to Cleveland for awhile along with many weddings this summer and fall. Patti was rear-ended in a car accident and has been going to the doctor and dealing with her car and insurance companies. All-in-all, we have had our challenges, to be sure. However, we work so well as a team and have been supporting and covering for each other. We are a strong work family.
We hope you were able to join us for our July Happy Hour. We had a great turnout again and really enjoyed being outside on the patio. Thank you, again for Keith Pemberton with Pemberton Insurance for being our gracious sponsor. He is outstanding if you are looking for a new insurance company. Our August Happy Hour is on Thursday, August 19th from 5-6:30pm at Matt The Miller’s again in Carmel. If the weather cooperates, we will be back outside on the patio as that is a crowd favorite. Bill Maki with The Kaveri Group is back to sponsor again this year-thank you, Bill!!! Bill is an IT and video expert. We have used Bill for our own team work as well as clients and he does an amazing job!! Give me a call if you would like to learn more about Bill and how you might be able to hire him.
Shred Day is back!! Mark your calendars now for Thursday, August 19th (same day as our Happy Hour) from 10AM-noon in our office parking lot. We will also take your recycling items. This is always popular…and it is absolutely FREE.
The real estate market is taking its usual July slow down. We don’t know if this is going to be long-term or short-term, but it is cooling off a bit. Houses are staying on the market longer, we are seeing price reductions for the first time in a LONG time and buyers are appearing more fickle. Check out the stats below from MIBOR. Bottom line, if you are still on the fence about selling, NOW is the time to talk to us. Interest rates have also dropped to below 3% again. Lumber prices, while still high are lowering. Change is coming. Talk with us today to see if the time is right for you to make a move.
Data from MIBOR comparing June 2021 to May 2021:
Median Sales Price-$250,000-DOWN 2% from $255,000
Closed Sales-3,897 units-UP 13.8%
New Listings-4,357 units-UP 11.1%
Pending Sales-4,130 units-UP 5.6%
Days on Market-14 days-DOWN 6.7%
Price per s.f.-$146-UP 0.7%
% of Ask Received-101.9%-UP 0.4% (this is an all-time record!)
Active Inventory-2,018 units-UP 17.3%
Absorption Rate-0.5-No change
This has been an absolutely BRUTAL market this past couple of years. Thank you for your continued trust and confidence in us to GUIDE, LEAD, and PROTECT you through this unprecedented time. Know we are always here for you and those you care about. Who is the next person you know who needs our help?
Enjoy this month’s newsletter! Some fun articles in there about a cool time capsule, employee safety, some great book suggestions, and great info on sunscreen. Let us know what you think!
Click here to read our August newsletter
Your friends in real estate,
Steve, Kylie, Thea, and Patti
The Zulu Group, P.C.
P.S. Please don’t keep us a secret!
Ana is going to be a junior at Guerin this year and is already back in summer soccer practice. She did very well at her first exhibition tournament this weekend not losing one game. Tali is still practicing cheer and moved up in teams so the practices and stunts are getting harder, but she loves it! Brigid is still working from home and will be for the rest of her Merck career. She is grateful for that.
Our team has had a lot of distractions this summer. Kylie’s babysitter has had a death in the family causing Kylie to have to work from home quite a bit lately. Thea had a death in the family that took her home to Cleveland for awhile along with many weddings this summer and fall. Patti was rear-ended in a car accident and has been going to the doctor and dealing with her car and insurance companies. All-in-all, we have had our challenges, to be sure. However, we work so well as a team and have been supporting and covering for each other. We are a strong work family.
We hope you were able to join us for our July Happy Hour. We had a great turnout again and really enjoyed being outside on the patio. Thank you, again for Keith Pemberton with Pemberton Insurance for being our gracious sponsor. He is outstanding if you are looking for a new insurance company. Our August Happy Hour is on Thursday, August 19th from 5-6:30pm at Matt The Miller’s again in Carmel. If the weather cooperates, we will be back outside on the patio as that is a crowd favorite. Bill Maki with The Kaveri Group is back to sponsor again this year-thank you, Bill!!! Bill is an IT and video expert. We have used Bill for our own team work as well as clients and he does an amazing job!! Give me a call if you would like to learn more about Bill and how you might be able to hire him.
Shred Day is back!! Mark your calendars now for Thursday, August 19th (same day as our Happy Hour) from 10AM-noon in our office parking lot. We will also take your recycling items. This is always popular…and it is absolutely FREE.
The real estate market is taking its usual July slow down. We don’t know if this is going to be long-term or short-term, but it is cooling off a bit. Houses are staying on the market longer, we are seeing price reductions for the first time in a LONG time and buyers are appearing more fickle. Check out the stats below from MIBOR. Bottom line, if you are still on the fence about selling, NOW is the time to talk to us. Interest rates have also dropped to below 3% again. Lumber prices, while still high are lowering. Change is coming. Talk with us today to see if the time is right for you to make a move.
Data from MIBOR comparing June 2021 to May 2021:
Median Sales Price-$250,000-DOWN 2% from $255,000
Closed Sales-3,897 units-UP 13.8%
New Listings-4,357 units-UP 11.1%
Pending Sales-4,130 units-UP 5.6%
Days on Market-14 days-DOWN 6.7%
Price per s.f.-$146-UP 0.7%
% of Ask Received-101.9%-UP 0.4% (this is an all-time record!)
Active Inventory-2,018 units-UP 17.3%
Absorption Rate-0.5-No change
This has been an absolutely BRUTAL market this past couple of years. Thank you for your continued trust and confidence in us to GUIDE, LEAD, and PROTECT you through this unprecedented time. Know we are always here for you and those you care about. Who is the next person you know who needs our help?
Enjoy this month’s newsletter! Some fun articles in there about a cool time capsule, employee safety, some great book suggestions, and great info on sunscreen. Let us know what you think!
Click here to read our August newsletter
Your friends in real estate,
Steve, Kylie, Thea, and Patti
The Zulu Group, P.C.
P.S. Please don’t keep us a secret!
Sunday, June 27, 2021
July 2021 newsletter
Welcome officially to summer…and Happy Father’s Day to all of you dads!! This year, both events fell on the same day, June 21st. We hope you enjoyed summer solstice celebrating dad. For us, it was pretty relaxing and was enjoyed by having the family around and also Jack and Mary Anne stopped by for a little celebration as well.
The week prior, we were on our trip to Jackson Hole, WY. We had great weather and really loved being in nature. That is truly God’s country. We saw elk, deer, bald eagles, bison, moose, and bears to name a few. Weather ranged from snow flurries to 90-degrees! Whitewater rafting, swimming, hiking, dirt buggying, ropes courses, and Alpine slides to name a few were enjoyed over the week.
The BIG part of this past month was getting to celebrate Thea’s wedding last year with her reception last week. While delayed a year, we had a grand evening at The Scottish Rite Cathedral eating, drinking and dancing the night away, with both a DJ and Greek musicians. It was a LOT of fun and our team was so incredibly excited to finally celebrate with Thea. She even had a fun open house at her ‘new home’ the next day full of Greek food. Congratulations, again, Thea and Michael!!! We are so incredibly happy for you both!
Summer is here and school is out, so social activities are in full swing. Our kids are enjoying spending more time with friends and relaxing. School will be here before we know it and back to the school year grind we go! Ana is already in soccer practice getting ready for the fall season with Guerin. Tali moved up a level in competitive cheer and is practicing throughout the summer. It never seems to stop.
We truly hope you are able to take some time off this summer to relax and enjoy some downtime. That is truly important.
We had another amazing turnout at our June Happy Hour. Thank you to Shellie Law with Wheaton Van Lines (shellie.Law@WheatonMoving.com) for sponsoring this month and also to Scott Hodgin for winning her drawing for an Amazon gift card! We hope you will join us in July on Thursday, July 16th from 5-6:30pm at Matt The Miller’s again. FREE food and drinks! Feel free to bring a friend.
Thank you to everyone who called in for our FUN quarterly prize package, which was laps at the IMS in a race car and a day of fun at SIK. Look for our 3rd quarter prize giveaway in the coming weeks!
Are you or someone you know thinking about buying, selling, or building a new home? Now, more than ever is critically important to talk with a real estate expert who can guide, lead, and protect you in this absolutely CRAZY market. We have proven tactics, systems and processes to help you navigate these dangerous waters. Call us today!
The real estate market continues to be white-hot. Our inventory shrank again and we only have 0.5 months (two weeks) of inventory! We are starting to see listings stay on the market a little longer and many have had price reductions as well. Is this a sign the market is finally showing signs of a shift back to a buyers’ market? Too soon to tell, but most real estate experts are still predicting a strong sellers’ market until 2023. Below are the most recent stats from MIBOR comparing May 2021 to April 2021.
Median Sales Price-UP 7.2% to $255,000
Closed Sales-UP 9.7% to 3,386 units
New Listings-DOWN 4.4% to 3,889 units
Pending Sales-UP 11.5% to 4,061 units
Days on Market-DOWN 16.7% to 15 days
Price per s.f.-UP 4.3% to $146
% of Ask Received-UP 0.9% to 101.5%
Active inventory-DOWN 8.3% to 1,704 units
Absorption Rate-DOWN 16.7% to 0.5 months (2-weeks)
As you can see, our market keeps getting tighter and tighter. We are seeing lumber prices finally coming down, which will hopefully and eventually ease pressure from out-of-control builder pricing. The summer usually sees a bit of a pull-back in buyer demand as buyers take a break from house-hunting and go on vacations. We will see if that holds true this year or not.
Don’t forget to check out this month’s newsletter which has some interesting articles on Hershey, how to protect your pet, what Sesame Street can teach you about public speaking, and some interesting stats on high school seniors. Please tell us what you think and share your thoughts.
Click here to read our July newsletter
Click here to access coupons and discounts at stores you shop every day
Click here to read what our clients are saying about us
Click here to download the best real estate app available
Your friends in real estate,
Steve, Kylie, Thea, and Patti
P.S. Please don’t keep us a secret!
The week prior, we were on our trip to Jackson Hole, WY. We had great weather and really loved being in nature. That is truly God’s country. We saw elk, deer, bald eagles, bison, moose, and bears to name a few. Weather ranged from snow flurries to 90-degrees! Whitewater rafting, swimming, hiking, dirt buggying, ropes courses, and Alpine slides to name a few were enjoyed over the week.
The BIG part of this past month was getting to celebrate Thea’s wedding last year with her reception last week. While delayed a year, we had a grand evening at The Scottish Rite Cathedral eating, drinking and dancing the night away, with both a DJ and Greek musicians. It was a LOT of fun and our team was so incredibly excited to finally celebrate with Thea. She even had a fun open house at her ‘new home’ the next day full of Greek food. Congratulations, again, Thea and Michael!!! We are so incredibly happy for you both!
Summer is here and school is out, so social activities are in full swing. Our kids are enjoying spending more time with friends and relaxing. School will be here before we know it and back to the school year grind we go! Ana is already in soccer practice getting ready for the fall season with Guerin. Tali moved up a level in competitive cheer and is practicing throughout the summer. It never seems to stop.
We truly hope you are able to take some time off this summer to relax and enjoy some downtime. That is truly important.
We had another amazing turnout at our June Happy Hour. Thank you to Shellie Law with Wheaton Van Lines (shellie.Law@WheatonMoving.com) for sponsoring this month and also to Scott Hodgin for winning her drawing for an Amazon gift card! We hope you will join us in July on Thursday, July 16th from 5-6:30pm at Matt The Miller’s again. FREE food and drinks! Feel free to bring a friend.
Thank you to everyone who called in for our FUN quarterly prize package, which was laps at the IMS in a race car and a day of fun at SIK. Look for our 3rd quarter prize giveaway in the coming weeks!
Are you or someone you know thinking about buying, selling, or building a new home? Now, more than ever is critically important to talk with a real estate expert who can guide, lead, and protect you in this absolutely CRAZY market. We have proven tactics, systems and processes to help you navigate these dangerous waters. Call us today!
The real estate market continues to be white-hot. Our inventory shrank again and we only have 0.5 months (two weeks) of inventory! We are starting to see listings stay on the market a little longer and many have had price reductions as well. Is this a sign the market is finally showing signs of a shift back to a buyers’ market? Too soon to tell, but most real estate experts are still predicting a strong sellers’ market until 2023. Below are the most recent stats from MIBOR comparing May 2021 to April 2021.
Median Sales Price-UP 7.2% to $255,000
Closed Sales-UP 9.7% to 3,386 units
New Listings-DOWN 4.4% to 3,889 units
Pending Sales-UP 11.5% to 4,061 units
Days on Market-DOWN 16.7% to 15 days
Price per s.f.-UP 4.3% to $146
% of Ask Received-UP 0.9% to 101.5%
Active inventory-DOWN 8.3% to 1,704 units
Absorption Rate-DOWN 16.7% to 0.5 months (2-weeks)
As you can see, our market keeps getting tighter and tighter. We are seeing lumber prices finally coming down, which will hopefully and eventually ease pressure from out-of-control builder pricing. The summer usually sees a bit of a pull-back in buyer demand as buyers take a break from house-hunting and go on vacations. We will see if that holds true this year or not.
Don’t forget to check out this month’s newsletter which has some interesting articles on Hershey, how to protect your pet, what Sesame Street can teach you about public speaking, and some interesting stats on high school seniors. Please tell us what you think and share your thoughts.
Click here to read our July newsletter
Click here to access coupons and discounts at stores you shop every day
Click here to read what our clients are saying about us
Click here to download the best real estate app available
Your friends in real estate,
Steve, Kylie, Thea, and Patti
P.S. Please don’t keep us a secret!
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