Central Indiana existing-home sales, prices continue to escalate
On a year-to-date basis, closed sales are up 10.9% so far this year, to 13,666, compared with 12,320 in the first five months of 2020.
Residential Real Estate
Articles
M/I Homes plans 138 townhouses, commercial office space on Westfield’s east side
M/I Homes of Indiana received approval from the Westfield City Council this week on a rezoning request for 28 acres south of State Road 32, so the property can be developed with 138 or so townhouses and up to 40,000 square feet of office space.
Developer floating $5M in townhouses made from 32 shipping containers
The homes at 1925 N. College Ave. are expected to be completed by mid-2022, since construction with shipping containers is far less reliant on weather conditions than building typical homes.
Twin Aire waits to see what Community Justice Campus will bring
Seven months before the bulk of the campus opens southeast of downtown, neighborhood residents are waiting to see if the promise of accompanying redevelopment comes to pass.
Quick sale: Newfields accepts offer for Westerley estate
The museum accepted an offer for the home at 3744 Spring Hollow Road that was above the $2.2 million asking price.
Newfields puts historic Westerley property on market for $2.2M
The museum has used the the four-bedroom, eight-bathroom Tudor-style home built in 1922 to house its leader. It’s the first time the property has been on the market since the 1930s.
Demand for new homes still growing despite rising construction costs
Builders in the nine-county Indianapolis area are seeing their busiest year since 2005 despite soaring lumber prices and snarled supply chains that have made it difficult to get products to complete new homes.
Complaint alleges discrimination in woman’s home appraisals
Carlette Duffy and the Fair Housing Center of Central Indiana filed complaints with the federal government, alleging appraisers violated fair housing laws. The appraisers, the complaints said, purposely used comparable sale prices that were unfair and racially motivated.
Onyx+East plans $10M townhouse project in Kennedy-King neighborhood
The proposal calls for seven three-story structures, with three buildings facing College Avenue, one facing 22nd Street and four occupying an interior area that surrounds a courtyard.
Area home sales, prices continue to escalate as inventories shrink
Buyers of existing single-family homes in the 16-county area swooped up available properties at a rapid pace in April, often showing a willingness to pay more than the asking price to secure a purchase.
Residential growth tear in Westfield continues as 1,000 new homes are proposed this month
After a record-breaking year for residential building permit approvals in 2020, the city of Westfield continues to field developers’ neighborhood proposals for more than 1,000 homes in a given month.
Historic downtown building with steakhouse space, luxury condo on market for $4.95M
Eddie Merlot’s, an upscale steakhouse chain based in Fort Wayne, had signed a lease to move into the restaurant space in 2019, but those plans were ultimately derailed by the pandemic.
Developer planning $13.5M senior housing project in Speedway
The 60-unit apartment project will be part of Founders Square, which will include restaurants, shopping and a hotel.
Federal judge vacates CDC’s nationwide eviction moratorium
The ruling does not affect state or local eviction moratoriums. Landlords and property owners have consistently challenged the CDC order, arguing the policy sets an undue financial burden on business owners.
Apartment complex planned near Allisonville and 46th Street
Preliminary site plans filed with the city call for the construction of five new apartment buildings and the retention of a two-story office building on the 8.6-acre property.
Developers seek financing help for $96M in Carmel residential projects
The developer behind the Proscenium development in Carmel is expanding the project across the street, and an Indianapolis-based developer is planning to dive into the Carmel market with a $78 million project.
Onyx+East plans $12.5M project with 37 homes on north side of Fountain Square
The property is currently occupied by a former church building that was most recently used by New Birth Ministries. The structure will be razed as part of the project.
Central Indiana homebuilders see busiest March since 2005
So far this year, 2,717 single-family building permits have been filed in the nine-county Indianapolis area, up 48% over the first three months of 2020.
Supply of available Indy-area homes plummets in March while sale prices rise
With the dramatic decrease in available listings, the median price for homes sold in the 16-county area in March rose 8.4%, to $226,500, compared with $208,865 in March 2020.
Developer plans $7M apartment complex in downtown Lebanon
The developer behind The Flats of Lebanon has proposed building a 42-unit apartment complex near Lebanon’s downtown square.