​Congrats to Stephen and Theresa on the purchase of a new home in New Palenstine! Wishing you many years of happiness there!

F.C. Tucker reports growth in housing sales as prices maintain upward momentum
 
INDIANAPOLIS – Monthly real estate stats from F.C. Tucker Company indicate that Central Indiana housing market activity continues to grow despite decreasing inventory. August 2018 pended sales increased 8.1 percent compared to August 2017 while the average year-to-date sale price for the 15-county Central Indiana region increased 7.7 percent to $214,855.
 
With a low inventory, homebuyers rapidly purchase available homes. In August 2018, 3,701 Central Indiana homes were purchased, up from 3,425 sold in August 2017. Specifically:

• Decatur County showed the most growth in homes sold with a 47.6 percent increase in August 2018 compared to August 2017.
• While multiple counties decreased in pended sales, Hancock County decreased the most at 24.6 percent, or 35 fewer homes, compared to August 2017.

 
On average, homes continue to sell more quickly and for more money in August making it a good time for sellers in the market.

• Of the 15 counties F.C. Tucker tracks, all showed an increase in average year-to-date home prices.
• Hamilton County continues to have the highest average home prices at $323,736. Shelby County experienced the highest price increase compared to year-to-date 2017 at 14.0 percent.
• Homes sold in 43 days on average, 18 days and 29.5 percent faster than January to August last year. Marion County’s homes continue to be the fastest-selling in the market for the sixth month in a row at 36 days.

 
While there continues to be low inventory in the area, there was only 5.8 percent fewer homes listed than this time last year, a smaller decrease compared to last month’s 10.1 percent. In August 2018, inventory stood at 6,665 homes, a decrease of 414 compared to August 2017.

• Bartholomew County’s inventory dropped the most at 30.9 percent compared to August 2017.
• Decatur County experienced the highest increase in inventory, with 5.0 percent more listings than August 2017.

 
“Home inventory in Indiana remains tight, and will for the foreseeable future,” said Jim Litten, CEO of F.C. Tucker Company. “However, a good selection of homes at varying price points exists, so homebuyers should not be deterred as they begin their housing search.”
 
Of the pended home sales in the region last month, two were priced $2,000,000 or higher; 11 were priced $1,000,000 to $1,999,999; 122 were priced $500,000 to $999,999; 511 were priced $300,000 to $499,999; 859 were priced $200,000 to $299,999; 1,580 were priced $100,000 to $199,999; and 616 were priced at $99,999 or less.
 
Editor’s Notes:

• All statistics were compiled by F.C. Tucker Company from a report drawn from BLC® statistics on September 17, 2018. Because of delayed processing through other agencies or boards, these numbers are subject to change.
• “Active Listings – Inventory” is a snapshot frozen in time at the end of the stated month. Per MIBOR, effective April 1, 2018, “Active with Contingency” no longer is a status in the BLC® listing service in order to present a true picture in advertising and marketing. Those listings that were in the "Active with Contingency" status have been moved from the "Active" status to the "Pending" status.
• “Pending” means the sales contract has been signed, but the transaction has not closed. According to the NAR, pending sales typically are finalized within a month or two of signing.
• For this report, F.C. Tucker tracks the following counties: Bartholomew, Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Jennings, Johnson, Madison, Marion, Montgomery, Morgan, Putnam and Shelby.

# # #
 
With approximately $3.7 billion in annual sales, F.C. Tucker Company is Indiana’s largest independently owned comprehensive real estate firm with more than 40 offices and more than 1,500 sales associates throughout Indiana and select markets in Kentucky. Less than one percent of all real estate firms have the longevity of F.C. Tucker. Founded in 1918, the company’s family of businesses includes a full range of real estate services—mortgages, title insurance, relocation services, a full line of insurance products, auctioning and homeowner warranty products. F.C. Tucker has earned a reputation for its exceptional service, experienced sales associates and “Golden Rule” commitment to its clients and employees.

Congrats to Mari and her client on purchasing an investment property in Indy. ​

3540 Delmar Drive, Indianapolis, IN 46220

​So much to love in this full brick ranch with 1,850 square feet, 3/4 bedrooms plus full basement on .44-acre lot. Updated kitchen boasts white cabinets, concrete counters, stainless appliances, tiled flooring and pantry. Spacious family room and dining room with wall of windows and fireplace. Hardwoods throughout home. 4th bedroom/bonus room with half bath. Updated full bath including double vanities and tiled flooring. Full basement partially finished for additional rec room/living space and bath (shower and sink). New roof and exterior painted (2015), vinyl windows (2014), fence (2015) and many more updates!
 

• Kitchen and full bath painted (Aug 2018)
• All other interior rooms painted (2016)
• All door hardware replaced (2016)
• Two storm doors added (2016)
• Water softener (2016)
• Samsung washer and dryer (2016)
• Well pressure tank, well pump and plumbing from pump to tank (2015)
• New roof with full tear off and dimensional shingles (2015)
• Exterior painted (2015)
• Privacy fence added (2015)
• Replacement vinyl windows (2014)
• A/C (2012)
• Radon mitigation system
• Kitchen updates include white cabinets, concrete counter tops, cabinet pantry, stainless appliances including refrigerator, smooth top oven/range, microwave, dishwasher, tiled flooring and pantry off of dining room
• Recessed lighting in family room
• Ecobee smart thermostat
• Updated light in dining room
• Security system
• Gutters extended and buried
• Exterior flood lights on timers
• Hardwoods in family room, dining room, bonus room, hallways and all bedrooms
• Updated full bath includes double furniture style vanities, tiled flooring, cabinet over commode and tile surround in tub/shower
• Glass block windows in basement
• Laundry sink in finished garage
• Updated lights in bedrooms 2 and 3
• Updated light/fan in master bedroom
• Curtain rods, curtains and all blinds stay

 
Following items stay w/home:

• Decorative shelving in family room
• Garage refrigerator and book cases
• Bar and desk in basement
• Patio lights

As you’ll see in this video, real estate marketplaces are generally most active in summer because families with children want to move in before school starts. So more homes are typically available in summer as well. But buyers and sellers tend to balance out in other seasons, too especially in today’s tight market. There may be fewer buyers in late December but usually fewer homes, too. So, prices tend to rise or fall on general demand in that market rather than time of year. It’s best to sell when you & your house are ready to sell. Start working with a real estate professional as early as possible to make the most of your sale in any season.

11895 Dubarry Drive, Carmel, IN 46033

This well-appointed custom home with beautiful finish trim features a master on main, 5BR/4.5BA with finished garden basement. Breathtaking great room with beamed cathedral ceiling, floor-to-ceiling windows, tiled gas fireplace with custom molding and built-ins. Kitchen offers granite counters, custom cabinets, pantry, 6-burner gas Viking range, island, tiled backsplash, stainless appliances, hardwood floors. Master suite on main with walk-in closet, walk-in shower, garden tub, dual vanity. Amazing basement with wine closet, wet bar and built-ins. Screened porch overlooks tree lined backyard.
 
Kitchen

• Custom Continental cabinets including crown molding with rope detail, custom vent hood, cabinet pantry plus additional pantry in laundry room, dove-tailed drawers, built-in dual trash pull-out drawer and roll-out shelving
• Exotic granite countertops
• Stainless appliances including Viking six-burner gas professional range, Genaire double oven with convection, microwave and fridge
• Tile backsplash
• Undercabinet lighting

 
Finished Garden Basement

• Egress windows
• Wet bar with stainless fridge and microwave
• Wine closet
• Family room with built-ins
• Bedroom #5 with huge walk-in closet with custom shelving and hanging bars and entrance to full bath

 
Interior

• Great Room – tile surround gas fireplace with custom built-ins and cathedral ceilings with wood beams
• Custom Hunter-Douglas blinds in breakfast nook and great room
• Surround sound throughout
• Arch fluted openings with custom trim on main level
• Upstairs loft has built-in desk and cabinets
• Double crown molding in entry and upstairs hallway
• Spindled wrought-iron staircases
• Master bedroom on main – decorative tray ceiling, crown molding and transom windows
• Master bath – jetted garden tub, dual vanities, makeup vanity, two walk-in closets with custom shelves, and custom tiled walk-in shower with dual shower heads
• Bedroom #2 – en suite bath, barrel roll ceiling, overhead fan and light and walk-in closet with custom shelving and hanging bars
• Bedroom #3 – decorative tray ceiling, overhead fan and light, shared jack-and-jill bath and walk-in closet with custom shelving and hanging bars
• Bedroom #4 – decorative tray ceiling, overhead fan and light, shared jack-and-jill bath and walk-in closet with custom shelving and hanging bars
• Screened porch
• Open patio
• Fully-fenced yard
• Irrigation system
• Gas heater in garage
• Landscape house lighting (2016)

 
Mechanicals

• Dual HVAC system – replaced AC unit on main floor (2016)
• 75-gallon water heater (2013)
• Sump pump with battery backup
• Radon system
• Aquasystems water softener
• Security system