Indianapolis Real Estate News

This category currently has 32 blog entries.

Wed, Jun 17, 2009

Indianapolis Real Estate - Marke... by Mike Taylor

Here is a look at the Indianapolis real estate market report for the month of May for 2008 vs. 2009: 2008 2009 % Change Active N/A 7469 Homes Sold 1157 871 -25% Average Selling Price $113,581 $111,850 -2% Days on Market 88 97 10% Price Per Square Foot $65 $64 -2% This is the worst month so far this year as far as the number of homes sold in Indianapolis, but the best month this year as far as the average sales price as compared to last year. Here are the YTD...

285 Views, 0 Comments.

Wed, Dec 17, 2008

Upgrades To Our Indianapolis MLS... by Mike Taylor

If you have used our search function lately you may have noticed we did some upgrades to our Indianapolis MLS search and details pages. Our unmatched custom search functions now allow you to search homes for sale in Indianapolis with an unprecedented amount of detail. One of the major things we added to the search page is the “step 6” advanced options. Clicking on this will reveal a whole myriad of options that you may be looking for in your home search. For example, I can now search in such detail I could easily create the following search: 4 bedroom home in Carmel, walkout basement, 3000+ square feet, at least .5 acres, master bedroom downstairs, cul-de-sac lot, and a neighborhood with a community pool. How cool is that? You...

1966 Views, 13 Comments.

Mon, Jun 16, 2008

Indianapolis Foreclosure Bus by Mike Taylor

I am proud to announce that Red Door Real Estate is offering the area’s first Indianapolis Foreclosure bus tour August 2nd, 2008 at 1PM. We will be taking the first 20 - 25 people who use our registration form to sign up for the bus on Indianapolis’ one and only foreclosure bus tour. The bus tour will include hand picked foreclosures in the Indianapolis area that represent great deals for buyers. The tour is free and space is limited so Register Now or you will be left out! We have not even officially announced this and we already have several seats taken. The participants will not only get to view the hand picked 10 – 15 foreclosed homes, but will also have the opportunity to hear the pros and cons of buying a foreclosed...

585 Views, 0 Comments.

Wed, Jun 11, 2008

Indianapolis Real Estate - Proje... by Mike Taylor

More good news for Indianapolis real estate, check out this link. The article does a comparison of the top 30 real estate markets and projects that Indianapolis real estate will see 2.3% increase in the average sales price by the third quarter of 2008. Compared to Las Vegas right below us on the list that is projected to post a 23% decrease in 2008, a 2.3% increase is like winning the lottery. Will Indianapolis bounce back from the housing slump before the rest of the country? I think so: based on the affordability and Indianapolis’ consistent and stable market I believe we will see a turnaround before the majority of other areas. It only makes sense; we did not see a giant spike in price like other areas of the...

523 Views, 3 Comments.

Tue, May 13, 2008

Have an Indianapolis Home to Sel... by Mike Taylor

I hear it all the time…”I really want to move and take advantage of this buyer’s market to get into a bigger and better home but I have a home to sell first and can’t afford to sell it at today’s prices.” This is a problem many many people are facing and I believe a large part as to why the market is stagnate. People want to move up into nicer homes but cannot afford to take a beating on their current home. IMHO, one of the most pragmatic things to do with current Indianapolis real estate market is to either rent your current home or do a lease option with it. If you rent out your current home, you can wait out the current market and then sell it in a couple of years once the market has fully turned around and you can get a...

501 Views, 2 Comments.

Mon, Apr 28, 2008

Indianapolis Home Builder Gets H... by Mike Taylor

If you are under contract with Davis Homes in the Indianapolis area, walk no run away from your contract before it ends up costing you thousands of extra dollars. Davis Homes is getting its new homeowners slapped with liens on their brand new homes that Davis built and failed to pay all of their contractors. I have bogged about some nasty rumors about Davis Homes and also a bone head marketing move regarding their website, but nothing like this. Davis Homes appears to be on the verge on disaster and they are taking unwitting homeowners along with them. I have spoken with several homeowners in the Hamilton County area that have been served with these liens and have court documents to support their claims. The liens that...

10077 Views, 69 Comments.

Mon, Apr 07, 2008

Indianapolis Real Estate - New M... by Mike Taylor

The Indy Star has put together another cool tool to check the new tax assessment for Marion County. Check it out here. You put in just your street name and nothing else, if you want to compare your assessment with your neighbors.

525 Views, 0 Comments.

Wed, Mar 19, 2008

Property Tax Reform for Indiana.... by Mike Taylor

If you a Hoosier you already know this unless you have been living under a rock, but the lovely Indiana lawmakers have finally passed some meaningful property tax reform. What they have is essentially what they have been talking about the entire time with Mitch Daniel’s 3-2-1 proposal. Here are the major changes taking place: - This year property taxes will be reduced by an average of 30% due to increased homestead exemptions. - Next year the property taxes will be capped at 1.5% of the assessed value - In 2010 and after taxes will be capped at 1% of the assessed value - Rentals and Farms are capped at 2% and businesses are capped at 3% Of course they have to make up that money somewhere else so the state sales...

602 Views, 2 Comments.

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