Residential Real Estate: Marketplace
Home sales are up 3 percent. Get the stats for the region, plus see what you can buy for $900,000 and what home sold for the most in the past three months.
Residential Real Estate
Articles
2015 All-Star Real Estate Agents
For the first time in almost a decade, there’s a new group at No. 1 in the IBJ All-Star team ranking: Dennis Nottingham’s Indy Home Pros Team. Meanwhile, there’s a familiar name atop the list of solo agents.
Shoemaker infuses Fletcher Place home with neutral palette, natural materials
Realtor Joe Shoemaker spends most of his days studying home interiors and exteriors. That’s why he opted for a minimalist approach when he constructed his Fletcher Place abode.
Downtown boom hits Herron-Morton neighborhood
A growing number of pricey new homes are cropping up in the historic Herron-Morton neighborhood, bolstered by the strength of the downtown housing market and the rejuvenation of East 16th Street.
McMansions: a bad bet, except maybe in the Midwest
The few areas in which McMansions are gaining value faster than more tasteful housing stock are primarily the Midwest and the eastern New York suburbs that make up Long Island.
Indy top market in nation for first-time buyers, Zillow finds
A Zillow study found the median home value in Indianapolis is $130,000 this year and the supply of those homes is high. It also found it takes just 11 percent of a buyer’s monthly income to make the average mortgage payment.
Area home sales stagnate as inventory continues to drop
The total number of active home listings in central Indiana was down 11.7 percent, from 12,878 a year ago to 11,377 at the end of last month.
Lowe’s disappoints analysts with weak sales growth
One day after retailer Home Depot reported record earnings that signaled an improving U.S. housing market, competitor Lowe’s reported weak sales growth and cut its profit expectations for the year.
Area home builders see eighth straight month of rising sales
Demand for new homes continued to rise locally last month, according to figures reported Wednesday by the Builders Association of Greater Indianapolis.
Trees cleared from senior-living site without proper permits
Developers that stripped a high-profile parcel on the north side of its trees months ago to prepare the site for a $13 million senior living center did so without receiving proper permitting.
Peer-to-peer housing debate hits area communities
Indianapolis-area communities stayed out of the home-sharing-platform debates—until Zionsville ordered a couple to stop offering an apartment above their garage to out-of-town guests.
U.S. homeownership tumbles to its lowest rate since 1965
U.S. homeownership has fallen to its lowest mark in more than 50 years as rising prices put buying out of reach for many renters.
Existing home sales, prices rise amid tightening inventory
Existing-home sales in central Indiana increased 5.4 percent in June and the average price rose to $203,913.
Council gives city say in $260M Mass Ave project
The city will have one year to negotiate a project agreement with Hendricks Commercial Properties, which has proposed a $260 million development on the lot at the corner of College and Massachusetts avenues, or be forced to buy the property from IPS.
Area home builders off to best first half since 2007
Area filings have risen on a year-over-year basis for the past seven months.
Low appraisals torpedo sales in hot residential market
A low inventory of homes for sale is driving up prices to the point that many sellers are fielding multiple offers, some for even more than the list price, making it harder for appraisers to determine a fair market value.
Indy property management group accused of discriminating against families
The Indianapolis-based company is accused of discriminating against families by imposing occupancy limits regardless of square footage.
Originally listed for $25M, Simon estate in Carmel might finally have buyer
Homebuilder Paul Estridge Jr. has been in discussions about acquiring the sprawling 106-acre property on Ditch Road, according to a source familiar with the deal.
Developers of $50M Mass Ave project drop billboard from design
Plans for a controversial three-story “digital canvas” have been dropped from the Mass Ave development’s design. Developers also replaced the Montage on Mass name with a different one.
Firm redeveloping ex-Coca-Cola plant faces daunting preservation challenges
A specialist in terra cotta will assess the integrity of the structures and suggest options that could range from on-site reinforcement and preservation to off-site storage and eventual reconstruction.