2008 June | Indy Real Estate Talk

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PAULA HENRY
REALTOR ®
RE/MAX Excel
Office: 317-272-5002
Direct: 317-605-4174
Fax: 866-373-5769

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Archive for June, 2008

Avon Indiana Real Estate - Absorption Rates

June 28th, 2008 categories: Avon Real Estate

Avon	May Sold	Current Inventory	Absorption Rate
$100-200K	59	335	5.6
$201-300K	13	100	7.7
$301-400K	5	41	8.2
$400K+	3	41	13.6

What does absorpton rate mean?

Absorption Rates around Indianapolis

Tags: Avon+Indiana+Real+Estate

Authored by Paula | Discussion: No Comments »

Zionsville Indiana Absorption Rates

June 28th, 2008 categories: Zionsville Real Estate

Absorption rates for Zionsville by price point.

Zionsville	May Sold	Current Inventory	Absorption Rate
$100-200K	7	45	6.4
$201-300K	12	53	4.4
$301-400K	8	73	9.1
$401-500K	5	38	7.6
$501-600K	6	27	4.5
$601-700K	1	33	33
$701-800K	1	87	87

What does absorption rate mean?

Absorption Rates around Indianapolis

Tags: Zionsville+Real+Estate, Absorption+rates

Authored by Paula | Discussion: No Comments »

Indianapolis Real Estate - Absorption Rate

June 28th, 2008 categories: Indianapolis Real Estate News, Indy Home Sellers, Indy Market Trends

Recent requests for absorption rates prompted me to take a look at the current absorption rates in some of the cities around the Indianapolis area.

The absorption rate is based on supply and demand and indicates the month’s supply of homes available when we compare the latest month’s sales against the available inventory. The data provides an estimate of time on market. What the figures mean has been debated. The generally accepted interpretation is:

0–3 months = Sellers Market
4–6 months = Neutral Market
6+ months = Buyer’s Market

Although the numbers do give us an idea of what is happening in the real estate market, they don’t provide a complete story.

The following figures are a broad look at the individual cities.

City	May Sold	Current Inventory	Absorption Rate
Avon	90	539	5.9 Months
Brownsburg	74	426	5.7
Plainfield	35	189	5.4
Wayne Township	135	1273	9.4
Pike Township	118	857	7.2
Carmel	139	943	6.7
Zionsville	40	356	8.9
Fishers	151	875	5.7

When we break down the figures a bit, we may get a different story. Let’s see what the numbers tells us when we break down the absorption rate by price point for individual real estate markets around Indianapolis.

Avon Absorption Rates

Most of the homes in Avon are priced between $100,000 – $200,000 and the majority of homes sold in Avon are under $300,000. The higher the price point, the higher the absorption rate. When averaged by price point, homes in the $100,000–200,000 price range are closest to the average for the city.

Avon	May Sold	Current Inventory	Absorption Rate
$100-200K	59	335	5.6 Months
$201-300K	13	100	7.7
$301-400K	5	41	8.2
$400K+	3	41	13.6

Carmel Absorption Rates

The averages for Carmel are a bit different. Most of the real estate inventory in Carmel is priced below $400,000. Homes in these price ranges are close to the city averages, with many below the average absorption rate.

Carmel	May Sold	Current Inventory	Absorption Rate
$100-200K	27	179	6.6 Months
$201-300K	44	223	5.0
$301-400K	33	170	5.1
$401-500K	11	86	7.8
$501-600K	4	58	14.5
$601-700K	7	54	7.7

Zionsville Absorption Rates

Homes in Zionsville typically range in a higher price point than other cities within the Indianapolis area and suburbs. Prices below $600,000 sell well and are below the city average Absorption rate. Homes above $600,000 in Zionsville sell much slower and distort the true absorption rate as a whole.

Zionsville	May Sold	Current Inventory	Absorption Rate
$100-200K	7	45	6.4 Months
$201-300K	12	53	4.4
$301-400K	8	73	9.1
$401-500K	5	38	7.6
$501-600K	6	27	4.5
$601-700K	1	33	33
$701-800K	1	87	87

What does absorption rate mean?

Tags: Indianapolis+Real+Estate, Absorption+Rates

Authored by Paula | Discussion: No Comments »

Making English Out Of Fed-Speak (June 2008 Edition)

June 25th, 2008 categories: Real Estate Financing

The Federal Open Market Committee left the Fed Funds Rate unchanged at 2.000 percent this afternoon, as expected.

In its press release, the Federal Reserve noted the co-existence of inflation and recession.

On inflation, the Fed said that energy and food prices are contributing to an “elevated state” of inflation, but that it expects price pressures to ease “later this year and next year”.

On the topic of recession, the Fed seemed a bit more concerned.

Overall, markets reacted favorably to the press release; both stocks and mortgage rates showed signs of improvement in the statement’s wake.

Source
Parsing the Fed Statement
The Wall Street Journal Online
June 25, 2008
https://online.wsj.com/internal/mdc/info-fedparse0806.html

Authored by Paula | Discussion: No Comments »

Zionsville Real Estate - Stonegate Home Tours

June 24th, 2008 categories: Indy Neighborhoods, Zionsville Real Estate

Zionsville Indiana Real Estate - Stonegate Stonegate in Zionsville is a traditional neighborhood where the memories of yesteryear blend beautifully with today’s lifestyle and needs.

Here you’ll find your neighbors walking the streets or sitting on their front porch, waving as you stroll by.

Built around a nature preserve, with mature trees, wooded areas and creeks you’ll find a tranquil peacefulness here, where nature and humanity co-exist in perfect harmony.

Neighborhood amenities include:

Community Meeting House – includes a fitness center, conference room, kitchenette, basketball court, swimming and wading pools
Parks and Open Spaces – More than 70 acres dedicated to parks, open space and green areas
Office Space – You can work where you live
Shopping and Dining in the Village Square
Elementary and Middle School

With five distinct neighborhoods, there’s a perfect fit for your lifestyle at Stonegate. Living in Stonegate, you’ll have a difficult time finding a reason to leave.

Search All Available Home in Stonegate

Search All Homes in Zionsville Indiana

Zionsville Community Schools

Zionsville Real Estate Market Reports

Last year during the Home-a-Rama at Stonegate in Zionsville, I had the opportunity to tour several homes. The builders who participated in the home show created some masterpieces in both creativity and design.

Take a look at some of the home tours and check back as I continue to add to the collection. I have about seven or eight tours from this fabulous neighborhood.

Click on the photos to start the slideshow tour.