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Fishers, IN Real Estate News

By Harrison Painter, New Media Consultant
(GoGladiator Media)
      Let's welcome the newest RE Barcamp Indianapolis corporate sponsor! Meridian Title Corporation and Kathy Ryland, the Director Strategic Media Initiatives.       About: Meridian Title's mission is to be a leader in providing real estate related services and products. They will strive to exceed the expectations and needs of their customers in the value they provide, in production performance, the quality of our work, through our technology, and with the support of a knowledgeable, experienced, and friendly staff. Meridian TItle will create an environment that attracts, develops and rewards highly effective people. They will be partners with their customers and achieve mutual goals of success, growth and profitability.   THANK YOU Kathy & Meridian Title Corp.   LOVE IT!     RSVP Toda...
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By Michael Taylor
(Red Door Real Estate)
Here is a look at what happened on the Fishers Indiana real estate market for August 2009:   2008 2009 % Change Active N/A 639 Homes Sold 155 115 -26% Average Selling Price $223,056 $236,620 6% Days on Market 75 72 -4% Price Per Square Foot $96 $93 List Price / Sale Price 96% 97% 1%   I am not sure if we are seeing the affect of the pending expiration of the tax credit but that would help explain the jump in average sales price.  What is interesting is the number of homes sold is still down quite considerably compared to last year.  I would have expected to see a spike in the number of sales as well.  Perhaps this is coming over the next two months as the tax credit crunch really hits.  What is great news for the Fishers real estate market is the inventory is dwindling and we see only ...
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By Harrison Painter, New Media Consultant
(GoGladiator Media)
I would like to thank a new sponsor we have for RE Barcamp Indianapolis: mlboradcast! Michael Price with mlbroadcast! He created the fantastic Re Barcamp Indianapolis 2009 logo, and we are thankful for his hard work and creativity. About: MLBroadcast is a marketing tool designed to allow real estate professionals to promote listings, communities and more through a unique web broadcasting system. We combine the power of video podcasting and web video sites to maximize the exposure of your content. All it takes is a few minutes to enter your listing data and photos, we do all the rest, including professional voice narration at no additional cost! On behalf of the RE Barcamp Indy planning committee, we thank you so much for being a part of this amazing event! LOVE IT!
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By Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate
(Keller Williams Indy NE 317-290-7775 www.marchantteam.com)
There are currently 731 homes for resale in Fishers that were built before 1/1/09 and another 53 on the market that were built after 1/1/09. Of the 53 new homes in Fishers for sale, 12 are condo's and 41 are homes.  The majority of the new construction in Fishers are Ryland, Pulte/Centex and Estridge with a few MI, Drees, Beazer and Custom Builders.  The average price per square foot of these homes that are at least 3 bedrooms and are residential versus condo is $141.00.  A custom build is usually well over $150.00 a square foot. I have spent the last couple of weeks working with various buyers that want new construction in the Fishers or Carmel area.  You might wonder why would you use a Fishers Realtor® if you are building new construction here.  Most builders have employed integrity ...
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By Indianapolis Realtor
(ICON Realty Partners, LLC - Indianapolis)
In an effort to assist buyers in understanding the differences in that areas we provide service, we created markets stats pages that are updated daily.  These pages were designed to give you up-to-date information about homes for sale in Metro Indianapolis and the surrounding areas that we cover so you can make an well informed decision when purchasing your next house. From what we can tell, there are not many other sites, if any at all, on the internet that gives you this information for free and updated daily. Also, if you are buying a home in a specific neighborhood in Indianapolis, please contact us so we can give you this information for that particular neighborhood. For a quick glance at the stats in your area of preference, feel free to use these links below: Market Statistics In...
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By Harrison Painter, New Media Consultant
(GoGladiator Media)
Are you looking to grow your real estate business? RE BarCamps give you a venue to learn, create, & share new and innovative ideas with an amazing group of like minded people! If you are ready to take your business to the next level of Web 2.0 and beyond, then RE BarCamp Indy is for you! There are no attendees at RE BarCamps, just participants! Get ready to build connections, better grow your businesses, push boundaries, and be creative in an open and supportive forum. From the moment you walk in the door you feel the magic of something different. "Is there a topic you would like to learn and/or speak about today?" the person signing in asks. You then take a look at the schedule board and see discussions ready to go on how to get more leads for your real estate business, prospecting, an...
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By Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate
(Keller Williams Indy NE 317-290-7775 www.marchantteam.com)
Looking at the Fishers homes for sale currently, there are 790.  Of those, 45 of them were listed prior to January 1 of 2009 and another 74 were listed before March 31st!  That is over 15% of the current listings.  Why are they still there? Here are 5 items to consider when selling your Fishers house: Be sure the buyer is qualified.  It used to be you could just breathe and be approved for a loan.  This has all changed and you now need to almost give your first born!  Be sure you know the difference between a pre approval and a pre qualification letter.  Your Realtor® should!  For my seller clients, I will typically call the buyers lender and just check in and let them know my email and phone number if they have questions and then ask if there is anything unusual or that I should know a...
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By Harrison Painter, New Media Consultant
(GoGladiator Media)
Come join us for RE BarCamp Indy in Fishers, IN at the Fishers Conference & Hospitality Center on November 2, 2009! This video will show you the space, and all of the hotels to make your stay as convenient and enjoyable as humanly possible! RSVP today! It's Free!!!! Venue Information: Fishers Conference & Hospitality Center Hotel Reservations: Hilton Garden Inn Hotel Indigo Holiday Inn Holiday Inn Express Make sure to RSVP, Tweet with us, facebook us, Tumblr us, FriendFeed us, Comment us and GET IN THE CONVERSATION! Interested in Sponsorship? CLICK HERE Already a Sponsor? Call Harrison (317) 871-1000 to get your GoGladiator TV RE BarCamp Edition Interviews on the Schedule! So many more HUGE announcements coming soon! LOVE IT! Harrison, Lola, & Dave!
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By Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate
(Keller Williams Indy NE 317-290-7775 www.marchantteam.com)
There are currently 790 homes for sale in Fishers and there are 204 pended (sales contract is in place) but what a story we have on homes in Fishers that sold in August!  The graph below shows the trend from January through August for sold Fishers Real Estate.  I think using the graph is a great way to see a bigger picture, than just writing about the month of August. The numbers have been consistently close through June and then we saw a 14% decline in July and we are seeing a 31% decline in August!  Our hypothesis in July was that perhaps the influx of first time home buyers was beginning to decrease as most were already in the market.  I think that this is more evidence to support that hypothesis.   There were 139 homes that sold in Fishers versus 201 a year ago in August.  I did con...
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By Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate
(Keller Williams Indy NE 317-290-7775 www.marchantteam.com)
There are 773 homes for sale in Fishers today!  I love to highlight all the various Fishers neighborhoods that make up those 773 homes, today I have chosen Gray Eagle!  Gray Eagle is a golfing community in Fishers with Prairieview Golf Course surrounding the subdivision and is located on 116th to 126th in east Fishers. Gray Eagle has 682 homes that were primarily built by Pulte Homes and is enclosed by 240 acres of wooded preservation.  There are various subdivisions within Gray Eagle, for example "The Bluffs" are located off of Brooks School Road at 126th and are ranches with finished basements that either back up to the woods or golf courses. Currently there are 14 homes for sale in Fishers Gray Eagle.  They range in price per sq foot depending on which area in Gray Eagle you are look...
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By Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate
(Keller Williams Indy NE 317-290-7775 www.marchantteam.com)
You typically will see PMI applied when you have less than 20% equity (mortgaged amount is more than 80%).  The misnomer I often see is that people interpret that to mean they need 20% down in cash.  There are other ways to ensure the 1st mortgage is at 80%; by taking a 2nd mortgage for say 10% and then the balance of 10% is in cash.  The 2nd mortgage will run a bit higher on an interest rate, but some people prefer to pay that off quickly and avoid the PMI charges completely. Or course, a 2nd is much harder to come by these days.  A credit score over 700 is expected. When you purchase a home with an FHA loan; PMI is automatically attached regardless of the amount put down.  It is typically .55%.  This is true if you have a 30 year FHA loan; PMI would not be required on a 15 year FHA wi...
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By Pat Haddad, ABR, CRS, ePRO, GRI, Carmel, Fishers, Westfield IN Real Estate Expert
(Keller Williams Indianapolis Metro NE)
  Tucked in between 96th Street and Lantern Road on the southern edge of Fishers Indiana, this Estridge-built neighborhood offers one of the most convenient-to-everything locations you'll find in Fishers. Winding streets, beautiful wooded lots, a neighborhood pool and tennis courts plus quick and easy access to I69, I465 and all shopping makes this 200-home enclave hard to beat. Charm, convenience and affordability (prices range from the $180s to the mid-$300s ) are just a few reasons why these homes typically sell quickly!  Almost all Covington Estates homes are 2-story, and many of the homes on wooded lots feature coveted walk-out basements! Students in this popular Fishers Indiana neighborhood currently attend Lantern Road Elementary School, Riverside Middle School and Hamilton South...
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By Michael Taylor
(Red Door Real Estate)
This is snapshot of what is happening in Plantana as of 8/19/09. If you would to see more updated information or want to browse the current inventory, please visit our Plantana homes for sale Fishers page.   Today I wanted to highlight one of Fishers most popular neighborhoods and check in to see how it is doing in the current real estate market. They always say “all real estate is local” and that applies even down to the subdivision level. This is why it is important to look at what is happening in your particular subdivision that you are considering buying or selling in. It is of course good to know what is going on at the national level and the city level, but the most important numbers to look at are the ones in your particular neighborhood. So, without further ado let’s take a loo...
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By Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate
(Keller Williams Indy NE 317-290-7775 www.marchantteam.com)
We are all curious when the Fishers Real Estate market will return to normal levels, I think looking at trends is the best way to determine that.  For this post; I have pulled all of the sold homes in Fishers (both Delaware and Fallcreek Township) for each month from January to July comparing 2008 to 2009. The numbers actually look fairly close for most months; within a couple of percents.  The exception is actually July.  We are down 14% from a year ago.  I think there are possibly two reasons for this.  The first is the date I am actually running this analysis, August 6th.  Some real estate offices do not get their data loaded in a timely manner, so there still may be homes that have closed but are not yet entered for July 2009.  The other reason might be a bit more alarming; all of t...
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By Michael Taylor
(Red Door Real Estate)
Here is a look at what happened for Fishers homes that sold in July 2009 vs. July 2008:   2008 2009 % Change Active N/A 650 Homes Sold 167 133 -20% Average Selling Price $223,644 $203,758 -9% Days on Market 64 63 -2% Price Per Square Foot $95 $92 -3% Well, just when I thought we might be turning this thing around July comes in with some weak numbers. The number of homes sold being off I can live with, but the average sales price dipping down again is maddening. Last month, we saw a little tick up in the average sales price and I was hopeful this was a sign of things turning around. Well, I guess not so fast. The good news is that the absorption rate actually went down to a healthy 5.41. The fundamentals of the Fishers Indiana real estate market are strong; we just need the consumer con...
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By Beverly Fast Sinclair, CRS, GRI
(Keller Williams Realty)
The weather is supposed to be near perfect. Here is a great way to spend your Saturday! When: Saturday August 1, 2009 from Noon to 10p.m. Where: USA Parkway Circle What; Events including: local restaurants offering tastes of specialties; healthy food options; performances by Left of Broadmore, David Fleming Variety Act, Silly Safari, Indiana Caledonia Pipe Band, 10th of Never, and Hotel California (An Eagles Tribute Band); free family fun; beer and wine garden Price: $5 in advance; $7 at the door; Children 12 & Under Free Tickets sold at: Marsh Supermarkets, Fishers Farmers Market, Fishers Chamber of Commerce Office (Train Station)   No pets or coolers allowed. Bring chairs and blankets to enjoy a day out in the sun!
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By Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate
(Keller Williams Indy NE 317-290-7775 www.marchantteam.com)
This Fishers Real Estate Blog often covers neighborhoods and market reports, but I like to highlight events too.  Flavor of Fishers will be here on August 1st from noon until 10:00 p.m. at the USA Parkway Circle.  You can only enter from 106th street this year. This is a great event for residents in Fishers and surrounding areas.  There will be over 30 restaurants including some of my favorites like Scotty's Brewhouse and Flemings Steak house.  (My husband and I eat at Flemings on every anniversary and I think it has the best steak in the city!)  There will also be a wine garden. The entertainment list this year is awesome, with Hotel California playing from 8:30 to 10:00 p.m.  I don't want to necessarily reveal my age, but I am a huge Eagles fan!  For the smaller people (under the age ...
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By Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate
(Keller Williams Indy NE 317-290-7775 www.marchantteam.com)
As a seasoned Fishers Realtor®, I have seen my share of barriers in getting to the closing table.  While some still see a real estate transaction as putting a sign in the yard, accepting the best offer and then sitting around until the closing; it is not that way in nearly 99% of all my transactions. I could talk about the many issues and problems that come up in the process of getting to the closing table, but today I just want to tell you about some of the real life examples I have seen in appraisals in the last few months.  Scenario 1:  I represent Buyer.  We have been looking for awhile and have our search set up so we can see the listings that match their criteria the minute they come on the market.  And we do find one; schedule the showing for that day.  We love the house.  I call...
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By Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate
(Keller Williams Indy NE 317-290-7775 www.marchantteam.com)
This Fishers Real Estate Blog often covers neighborhoods and market reports, but I like to highlight events too.  Flavor of Fishers will be here on August 1st from noon until 10:00 p.m. at the USA Parkway Circle.  You can only enter from 106th street this year. This is a great event for residents in Fishers and surrounding areas.  There will be over 30 restaurants including some of my favorites like Scotty's Brewhouse and Flemings Steak house.  (My husband and I eat at Flemings on every anniversary and I think it has the best steak in the city!)  There will also be a wine garden. The entertainment list this year is awesome, with Hotel California playing from 8:30 to 10:00 p.m.  I don't want to necessarily reveal my age, but I am a huge Eagles fan!  For the smaller people (under the age ...
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By Cindy Marchant, "Cindy in Indy" , Realtor, Fishers Real Estate
(Keller Williams Indy NE 317-290-7775 www.marchantteam.com)
Every month when I write the Fishers Real Estate Market Reports, Sunblest Farms is mentioned it seems.  Sunblest Farms is one of the most popular older neighborhoods in Fishers and is located within walking distance of most of downtown.  One of the great features is the way that Sunblest is laid out; it is set up as a wheel with Holland Park as the hub and the streets/homes as the spokes.  The park features softball, basketball courts, soccer and a great playground area that is surrounded by trees.  There is also a picnic area that is covered for shade.  The park has a walking path around it so while the kids play, parents can exercise!  New Sunblest (where all the streets start with a "T") has a pool and basketball courts and is conveniently located across the street from the Fishers Y...
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