In the dynamic world of real estate, success isn't just measured in numbers; it's a testament to dedication, expertise, and unwavering commitment to clients. As the first quarter of 2024 draws to a close, RE/MAX Advanced Realty proudly celebrates the outstanding achievements of our teams and agents, who have once again demonstrated excellence in their field.
With great pleasure, we congratulate the Indy Home Pros Team for maintaining their #1 positions across multiple categories. Their consistent dedication to excellence has earned them the top spots in Team RESCOM Combined, Team Commercial Only, and among the Top 50 Teams by Transactions. Their unwavering commitment to delivering exceptional service has solidified their position as leaders in the industry.
The Craftsman Group has also showcased their prowess in the Q1 2024 rankings, securing impressive placements in several categories. Ranked #15 in Team RESCOM Combined and #19 among the Top 50 Teams by Transactions, The Craftsman Group continues to impress with their expertise and efficiency in delivering results for their clients.
Additionally, we extend our congratulations to Team-Results for their notable achievements in Q1 2024. With their strong performance, they have secured the #31 position in Team RESCOM Combined and #38 among the Top 50 Teams by Transactions. Their dedication to excellence and client satisfaction has been instrumental in their success.
Individual excellence is also celebrated at RE/MAX Advanced Realty, and we commend Keith Turnbill for his outstanding performance. Ranking #37 in the Individual RESCOM category, Keith's dedication and expertise have been instrumental in delivering exceptional results for his clients.
These achievements not only reflect the talent and dedication of our teams and agents but also underscore our commitment to providing unparalleled service to our clients. At RE/MAX Advanced Realty, we are proud to have such exceptional individuals and teams who consistently go above and beyond to exceed expectations.
As we move forward into the next quarter, we remain dedicated to upholding the highest standards of professionalism, integrity, and service excellence. Congratulations once again to all our teams and agents for their outstanding performance in Q1 2024. We look forward to continued success and making a difference in the lives of our clients in the months to come.
Last Saturday, March 16th, the Nire Event Center was a lively hub of excitement and anticipation as we came together to celebrate the outstanding accomplishments of our RE/MAX Advanced Realty team at our 2024 Annual Awards Night. The atmosphere was electric, filled with a palpable sense of anticipation and camaraderie, as we eagerly awaited the moment to honor our brightest stars. With spirits as high as balloons at a festival, we reminisced about the remarkable triumphs of the past year while eagerly looking forward to the adventures and successes awaiting us in the year ahead.
In 2023, our collective efforts propelled us to remarkable heights, with impressive statistics reflecting our commitment to excellence. Our total company sales volume reached a staggering $329,712,496, with a total of 848 transactions, and an average sales price of $262,276. These numbers are a testament to the dedication and hard work of each member of our team.
But behind these figures lies the true heart of our successโthe individuals and teams whose unwavering dedication and passion have propelled us forward. From managing brokers to agents and support staff, each person at RE/MAX Advanced Realty plays a crucial role in our collective journey, and we are immensely grateful for their contributions.
As the night unfolded, our excitement peaked with the announcement of the Club Awards, recognizing outstanding individuals and teams for their exceptional achievements. Let's take a closer look at the winners:
CLUB AWARDS:
As the excitement built, we transitioned seamlessly to honor our exceptional teams with the Club Team Awards:
100% Club Team Award:
This award recognizes teams achieving a total commission between $100,000 to $249,999. The recipients were:
Joyce Campbell, Rob Campbell (Team Leader), and Kayla Brandenburg.
Platinum Club Team Award:
Recognizing teams achieving $250,000 to $499,999 in gross commissions, the recipients were:
Pinnacle Club Team Award:
This prestigious award recognizes teams achieving $2 million+ in gross commissions.
In the photo from left to right : Column 1 ( Michael Carter, Scott Chain, Jeff Cloyd, Clint Cooper, Kitty Dangcil. Jason Dodd, Stewart Duhamell, Nate Elkins, Robert Ertel, Josh Graves) , Column 2 ( Doreen Harris, Renรฉ Hauck, Ryan Hendren, Bob Hoffman, Michelle Jackson, Justin Jackson, Mukul Khanna, Anthony King, Josh Latham, Sophie Lingen), Column 3 ( Jun Liu, David Luse, Bradley McCleerey, Jessica Montalvo, Madison Nauman, Michael Nauman, Sharika Pandwar, Jade Perry, Lawens Pierre, Hayley Puff) Column 4 ( Aubrey Sanchez, Shelby Scott, Danielle Shouse, Cheryl Sizemore, Phillip Tinsley, Lindsey Winkhart, Jordan Wirth, Dana Wright, Doug Alvey - West Office Managing Broker, Dennis Nottingham - Broker/Owner, Team Leader)
Following this, we celebrated our Career Awards, starting with the prestigious RE/MAX Hall of Fame induction:
RE/MAX Hall of Fame:
Recognizing those who've surpassed $1 million in gross commissions, regardless of length of service, we proudly induct our rockstar agents:
Congratulations to Jun Liu, Cate Waggoner-Lee, Jason Kraus, and Scott Chain for their outstanding achievement in joining the prestigious RE/MAX Hall of Fame.
Moving on to the Specialty Awards:
Rising Star:
Shelby Scott was recognized as the Rising Star, highlighting her exceptional potential and contribution to the team.
Top Agent:
Scott Chain was celebrated as the Top Agent, highlighting his exceptional performance and invaluable contributions to the Brokerage.
Top Team:
The Craftsman Group was celebrated as the Top Team, recognizing their exceptional teamwork, dedication, and outstanding results.
RE/MAX Top Producers 2023: At the helm is the indomitable ๐๐ป๐ฑ๐ ๐๐ผ๐บ๐ฒ ๐ฃ๐ฟ๐ผ๐ ๐ง๐ฒ๐ฎ๐บ, commanding the #1 position across multiple categories:
Hot on their heels, ๐ง๐ต๐ฒ ๐๐ฟ๐ฎ๐ณ๐๐๐บ๐ฎ๐ป ๐๐ฟ๐ผ๐๐ฝ shines brightly:
๐ง๐ฒ๐ฎ๐บ ๐ฅ๐ฒ๐๐๐น๐๐ leave an indelible mark, clinching the Top 48 spot in the fiercely competitive Top 50 Teams by Transactions Category.
Meanwhile, ๐ .๐ข.๐ฉ.๐ . earns well-deserved recognition, claiming the Top 49 spot in the challenging Team Residential and Commercial Combined Categories.
And let's not forget our very own ๐๐ฒ๐ถ๐๐ต ๐ง๐๐ฟ๐ป๐ฏ๐ถ๐น๐น, making waves in the individual rankings:
An additional spotlight shines on the remarkable achievements of the Indy Home Pros Team. In the RE/MAX Year-End rankings, Indy Home Pros Team proudly secured the #16 spot in the U.S. and #37 globally, showcasing our prowess in both residential and commercial sectors. Notably, we achieved #3 in the U.S. and #7 worldwide for commercial teams, and #16 in the U.S. for residential teams. This outstanding performance underscores our dedication to excellence on a global scale, and we extend our heartfelt congratulations to the entire Indy Home Pros Team for their extraordinary contributions and stellar accomplishments.
The night wouldn't have been complete without a special mention of our partners and sponsors who have stood by us throughout our journey. We extend our deepest gratitude to Vision of the Kingdom Catering for providing the delicious food that fueled our festivities. Additionally, we thank Bailey & Wood Financial Group NMLS #2334 and IndyLegal Title Services for their unwavering support, which has been instrumental in our success.
To our friends, families, and loyal clients, we owe a debt of gratitude for your constant encouragement and support. Your belief in us has been the driving force behind our achievements, and we are honored to have you by our side.
As we look ahead to 2024, we do so with excitement and optimism, knowing that the challenges we face will only serve to strengthen our resolve and determination. Together, we will continue to raise the bar, inspire one another, and achieve greatness beyond measure.
Here's to RE/MAX Advanced Realty and the unstoppable spirit of our incredible team. Cheers to another year of success, growth, and endless possibilities!
In the dynamic landscape of Indiana real estate, one team stands out as the pinnacle of excellence: The Indy Home Pros Team at RE/MAX Advanced Realty. Renowned for our unwavering commitment to delivering exceptional results, our recent triumphs in the 2023 rankings reinforce our position as the undisputed leader in the industry. Let's delve into what sets us apart and why aligning with us means embracing unparalleled success.
The collective journey of the hardworking agents at the Indy Home Pros Team to the summit of Indiana's real estate landscape is defined by our unwavering performance and outstanding achievements statewide. In the 2023 RE/MAX Top Producers rankings, we proudly claimed the #1 position in every crucial category: Team | Commercial Only, Top 50 Teams by TRANSACTIONS, and Team | Residential and Commercial Combined. Our expertise extends beyond mere residential properties, as we excel in both Residential and Commercial Combine Combined Categories. Through our relentless pursuit of excellence and innovation, we as a team, continually set new standards, demonstrating our unwavering commitment to exceeding expectations in every transaction.
The Indy Home Pros Team's success transcends local boundaries, earning us recognition on a global scale. In the RE/MAX Year-End Top 100 U.S. rankings, The Indy Home Pros Team secured and impressive position, ranking #16 in both Team, Residential & Commercial categories. Furthermore, on the global stage, we stood strong in the RE/MAX Top 100 Worldwide rankings, achieving a remarkable #37 position in both Team Residential and Commercial categories.
Our excellence in commercial real estate is particularly noteworthy. In the RE/MAX Top 25 U.S. rankings for Large Teams, Commercial we soared to the #3 spot, showcasing our proficiency and expertise in this domain. Moreover, on the global scale, our team's prowess was evident as we clinched the #7 position in the RE/MAX TOP 25 Worldwide rankings for Large Teams, Commercial. In residential real estate, our achievements are equally remarkable. We solidified our presence in the RE/MAX Top 50 Worldwide rankings for Large Teams, Residential, achieving and impressive #36 position. Additionally, in the competitive U.S. market, The Indy Home Pros Team secured a commendable #16 spot in the RE/MAX Top 50 U.S. rankings for Large Teams, Residential. These rankings underscore our team's dedication to excellence and our capacity to achieve outstanding results across various segments of the real estate market.
Are you an ambitious agent ready to take your career to unprecedented heights? Joining the Indy Home Pros Team means gaining access to a supportive culture rooted in mentorship, collaboration, and cutting-edge technology. Led by industry luminary Dennis Nottingham, our team empowers agents to unlock their full potential and thrive in today's competitive market. Seize the opportunity to be part of Indiana's number one team and embark on a journey of unparalleled success.ย Reach out to us today to explore exciting opportunities and eleveate your real estate career with the Indy Home Pros Team.
Whether you'reย buying or selling, The Indy Home Pros Team is your trusted ally in achieving your real estate goals. Our proven track record and excellence, highlighted by our recent accolades, ensures that you receive unparalleled service and results that surpass expectations. Don't settle for mediocrity when you can partner with the best. Choose the Indy Home Pros Team for all your real estate needs and experience the transformative power of true expertise.
When it comes to real estate success, trust the team that consistently ranks number one in Indiana and reigns supreme in the industry. Contact The Indy Home Pros Team today to kickstart your journey towards realizing your dreams. With us by your side, your success is not a possibility - it's inevitable. Let's make it happen together.
In the ever-evolving landscape of real estate, achieving top positions requires unwavering dedication, expertise, and a commitment to excellence. RE/MAX Advanced Realty stands at the forefront in November 2023, solidifying its reputation as the go-to brokerage for the state's top talent. This triumph extends beyond teams, with individual performers like Keith Turnbill shining in the spotlight. Let's delve into the exceptional achievements of these high-performing agents, whether they thrive in collaborative teams or as successful solo performers.
Indy Home Pros Team - A Consistent Powerhouse: #1
Leading the charge in November 2023 is the formidable Indy Home Pros Team, guided by Dennis Nottingham, a former veteran recognized by the Wall Street Journal as one of the nationโs top team leaders. This dynamic team, consisting of Listing Specialists, Buyer Specialists, and REO Specialists, maintains its position as the number 1 team in the state, epitomizing collaborative excellence within RE/MAX Advanced Realty.
Standout Individual Performer - Keith Turnbill #9
In the Individual RESCOM combined category,ย Keith Turnbill emerges as a top performer, securing a prestigious spot among the top 9. His accomplishments underscore the diverse and exceptional talent nurtured within RE/MAX Advanced Realty, emphasizing that at the brokerage success knows no bounds, whether you're part of a team or an individual agent.
But wait, there's more! Within the powerhouse that is RE/MAX Advanced Realty, several other standout teams are making waves and leaving their mark. Let's take a closer look at these remarkable contributors in the November 2023 rankings:
Jason Williamson, Russ Burk, and Robyn Roller embody a shared passion for assisting others in buying and selling houses. Their greatest privilege in real estate is helping complete one of life's most significant transactions. As Team Results, their strongest asset is the collective commitment to providing excellent service with honesty and integrity.ย
The Craftsman Group: ย Secures #30
With a client first mentality, this team of highly educated agents, led by team leader, Cate Waggoner Lee together with team members Jackie Ray, Marcus Fillyaw, Matt Henninger, Gigi Melloh, Sarah Ragsdale, and Katrin Teverbaugh of The Craftsman Group secured the top 30 spot.ย
The Rob Campbell Team: ย Soars to #33
In the dynamic world of real estate, The Rob Campbell Team, consisting of Rob Campbell, Joyce Campbell, and Kayla Brandenburg, secures an impressive 33rd position. Their synchronized efforts and commitment to client success continue to elevate their standing.
RE Indy: Attains #38
Last but certainly not least, RE Indy, represented by Tony Sowers and Jason Kraus, showcases their expertise, earning a commendable 38th position. Their unwavering dedication to client satisfaction and market excellence solidifies their presence in the rankings.
As we applaud the remarkable achievements of these exceptional teams, it becomes clear that RE/MAX Advanced Realty is more than just a brokerage โ it's a dynamic community of diverse talents, each bringing a unique touch to the triumphs of the real estate industry. Agents, are you ready to elevate your career? Join the winning team at RE/MAX Advanced Realty today!
For clients seeking unparalleled real estate experiences, contact RE/MAX Advanced Realty for all your needs. Whether buying, selling, or seeking expert advice, our dedicated professionals are here to guide you through every step. Experience the difference with RE/MAX Advanced Realty โ where excellence meets your real estate goals!
Welcome to our bustling real estate office, where the hum of activity never ceases. As November graces us with its presence, we can't help but feel grateful for the vibrant energy and unwavering commitment of our talented agents. This month, as we embrace the season of gratitude, we reflect on all the elements that make our office feel like a second home and our brokerageโs support staff and team members like a second family.
Our office is more than just a place of work; it's a hub of camaraderie and shared aspirations. We're thankful for the dedication and hard work that our agents bring to the table daily, making our brokerage the thriving success it is today. The bond that unites our brokerage is as strong as the deals we close.
In our continued pursuit of excellence, we asked our September Top Producers who have seen it all, from challenging market seasons to heartwarming client stories. Let's delve into the insights of these remarkable agents as they answer our questions and share tips and stories on the valuable lessons they've learned in their many years as realtors and how they stay on top of their game.
"Always Be Available"ย
In the fast-paced world of real estate, Dana Wright lives by one golden rule: always be available. She takes "time is money" quite seriously, responding to text messages in a blazing 90 seconds and emails within four hours. She even answers her phone like a superhero on caffeine because, in this business, missed calls are like missed lottery tickets. Dana believes in building relationships through constant interaction, proving to clients that they can count on her, and leaving a lasting impression that's hotter than a two-alarm fire.
Cate Waggoner-Lee's secret recipe for building strong and lasting client relationships goes beyond mere transactions. She takes the time to get to know her clients on a personal level, remembering their kids' names, their pets' names, and even their favorite vacation spots. Cate's philosophy? Treat your clients as friends, not just customers, and keep that connection alive by touching base with them regularly. It's not just about being a trusted professional but also being a true-blue buddy.
"Motivation Beyond the Paycheck"
For Jason Williamson, motivation isn't measured in paychecks but in the satisfaction of helping clients achieve their dreams. He'd take a pat on the back over a paycheck any day. Jason knows that real estate is all about advocating for your clients, especially when the going gets tough. For him, challenges are like golden tickets to make a real difference in people's lives. He's a real estate superhero, and his superpower is making dreams come true.
โA Real Estate Tale of Triumph: Preserving Dreams and Natureโ
Rob Campbell shares a heartwarming story about a challenging property sale involving Dr. G. Despite initial resistance from the neighbors, a match was found with Johnson County Land Trust, ensuring the land's protection and preservation. Dr. G's dream of keeping the property in its natural state was fulfilled, and both the buyer and the seller were over the moon. This tale reminds us that real estate isn't just about deals; it's about bringing joy to all parties involved.
โOpportunity to Serveโ
Cheryl Sizemore sums up her approach to real estate in a single word: "Opportunity." She emphasizes that real estate lets you assist people from all walks of life in various situations. From first-time homebuyers to empty nesters, real estate agents have the privilege of guiding individuals through one of life's most significant decisions. The diversity of experiences and backgrounds makes each day in real estate an adventure full of unique opportunities.
ย "Treating Clients Like Employers"
Keith Turnbill breaks the myth that Realtors are self-employed. Instead, he treats each client as his employer, aiming for outstanding "performance reviews" from all of them. He sees client satisfaction as his promotion and ultimate success. By providing top-notch service, Keith ensures his clients return and refer friends and family, keeping the real estate party rolling.
"The Power of Follow-Up"
Josh Latham has some pearls of wisdom for his younger self: "Follow up, follow up, follow up!" He wishes he had been more diligent in maintaining thorough contact with past clients. In hindsight, he recognizes the importance of this practice and its impact on long-term success. Sometimes, we all need a little nudge in the right direction to reach the stars.
"Homegrown Expertise: Mukul's Beloved Avon/Plainfield"
Mukul Khanna's favorite playground is Avon/Plainfield on the west side of Indianapolis. He holds this area close to his heart because it's where he grew up, and he feels a deep connection to the place. It's not just about the properties; it's about the memories, the history, and the warm feeling of home that makes this neighborhood extra special for him.
We hope you've enjoyed these insights from our top producers, each of whom brings a unique perspective to our real estate family. As we enter November with gratitude in our hearts, we're reminded that our office is more than just a place of business; it's a place where dreams are realized and lasting connections are forged.
The dedication and passion of our agents have been the driving force behind our thriving success, and we're excited to continue this journey with you, our clients, and our community. As the season of gratitude unfolds, we invite you to reach out and connect with us. Whether you're buying, selling, or simply curious about the real estate market, we're here to assist you on your journey.
And to all the talented agents out there who share our passion for real estate, we extend an open invitation to join our brokerage family. We believe in the power of collaboration and are always looking for dedicated individuals who want to be a part of our dynamic team.
Thank you for being a part of our real estate family, and here's to a November filled with opportunities, shared dreams, and the unwavering commitment that makes our office a true home for real estate success.
Indianapolis, Indiana, welcomes the vibrant colors and cool breezes of October with a plethora of free events and activities for everyone to enjoy. Whether you're a food enthusiast, an art lover, a nature enthusiast, or simply looking for family-friendly fun, there's something for you in and around the city. Let's explore the exciting lineup of free events happening this October.
Nestled in the heart of charming Hancock County, the Hancock County Fairgrounds Farmers Market is a year-round haven for food enthusiasts. In October, this market comes alive with vibrant flavors of locally sourced meats, fresh produce, delectable baked goods, and a delightful variety of artisanal products. It's a food lover's paradise that you can enjoy for free.ย
The Lafayette Farmers Market offers the best of Indiana's outdoor markets. In October, immerse yourself in the freshest produce and a delightful browsing opportunity along historic 5th Street. On October 7, enjoy Kristen Rodrey's Indie Rock and the soulful tunes of The Band Sheeza. Mark your calendars for October 21 and 28 for more musical surprises. Convenient parking is available at the 5th Street Parking Garage, and both cash and credit are accepted. This outdoor market experience is free to all.
Step into the enchanting world of squirrels at the 2023 McCloud Prairie Maze, nestled within McCloud Nature Park. Admission is absolutely FREE! Watch these charming creatures chew on the unexpected, learn about different squirrel types, and even catch a glimpse of their UV glow. Don't miss the squirrel-themed maze, suitable for all ages. Remember to dress comfortably, bring water, and make it a memorable family outing.
The Noblesville Farmers Market promises a delightful experience for all visitors. Whether you're in search of locally sourced honey, farm-fresh meats, vibrant flowers, or handcrafted candles, you'll find it here. Visiting in October adds an extra layer of charm as you immerse yourself in the rich autumnal atmosphere while exploring these incredible offerings. It's a perfect way to enjoy a fall day, and it's entirely freeย
Explore the vibrant Broad Ripple Farmers Market (BRFM), your local source for fresh, seasonal delights. In October, embrace the autumnal charm as you discover crisp apples, colorful pumpkins, and more. Your visit not only satisfies your senses but also supports future Market growth, thanks to the Broad Ripple Village Association (BRVA). This experience is free for all to enjoy.
Unwind and find inner peace at Tea's Me Community Cafe in Tarkington Park with CommuniTEA Yoga + Meditation, hosted by Indy Community Yoga. This free yoga and meditation session welcomes all levels of experience, and it's a great way to start your day.
Join the enchanting Prince Brentlee for a special Drag Story Hour, launching the spooky season with style! This family-friendly event celebrates the beautiful gender fluidity of childhood through storytelling and imagination.
Admission is free, however, generous donations to support literacy, love, and acceptance are warmly welcomed!
Step into the vibrant tapestry of autumn at the 2nd Annual Fall Harvest Festival at W.S. Gibbs Memorial Park! This festive celebration of the fall harvest season includes corn-shucking, harvest-themed games, and a variety of quintessential fall activities suitable for all ages.
ย ย ย ย ย ย Community Yoga
Join Tony and the community every Saturday for a refreshing outdoor yoga session, serene meditation, and mindful dialogue under the trees. All levels of experience are welcome, and it's an excellent opportunity to connect with nature and others.
Join the Town Festival for fall fun at the Harvest Moon Festival! Enjoy a bonfire, arts and crafts, indulge in apple delights, and don't forget to register for wagon rides and pumpkin carving. It's a fantastic family-friendly event.
Experience serene mindful nature walks every month at The 100 Acres park. Suitable for all ages and abilities, these walks require no prior experience and are a wonderful way to connect with nature.
Online game enthusiasts can partake in virtual fun every Saturday at Hometown Comics and Games. They host a Pokรฉmon League from 12 pm to 2 pm and a Kill Team event from 1 pm to 3 pm. It's a great way to connect with fellow gamers.
This enjoyable public gathering celebrates the talents of local artists and offers a family-friendly environment with an array of activities. The Monument Circle Art Fair is a single-day event that brings together art exhibitions, live music, delectable food, and more, all centered around the iconic Soldiers and Sailors Monument in downtown Indianapolis.
While Indianapolis offers a plethora of free events and activities during October weekends, don't miss the opportunity to explore the local real estate market. Visit RE/MAX Advanced Realty Open Houses to discover a variety of homes available in the area. Whether you're actively looking for a new home or just curious about the local real estate scene, this can be an informative and enjoyable experience.
These are just a taste of the fantastic and free activities happening in Indianapolis throughout October. Whether you're interested in savoring local flavors, connecting with nature, exploring arts and culture, or enjoying a relaxing yoga session, there's an event or experience waiting for you. Embrace the spirit of October and indulge in these cost-free delights!ย
Note: While we've made every effort to provide accurate information, please keep in mind that event details may change. To stay updated, be sure to visit the official websites of the respective events for the latest updates and any specific details. We recommend verifying all information directly from the event organizers to ensure a smooth and enjoyable experience.
The real estate market in Indiana is a dynamic and ever-changing landscape, influenced by various factors, including economic conditions, seasonal variations, and buyer and seller behaviors. In August 2023, we witnessed a range of trends and shifts across 16 counties, encompassing all property types. Let's delve into the numbers and understand what the data tells us about the state of Indiana's real estate market.
Median Sales Price Soars: The median sales price for all property types combined in August 2023 stood at $295,000. This marked a substantial 5.4% increase compared to the same period in 2022. It's worth noting that the housing market has been experiencing a steady appreciation in property values, which can be an attractive prospect for sellers.
Nevertheless, it's essential to note that the market experienced a modest adjustment when compared to July 2023, showing a 1.6% decrease in median sales prices. This dip could be seen as a sign of market recalibration or heightened competitiveness.
Closed Sales See Mixed Trends: The number of closed sales in August 2023 totaled 3,091, reflecting an 18.5% decrease compared to August 2022. This drop in closed sales might raise some eyebrows, but it's essential to consider various factors such as seasonality and changes in buyer demand.
On a positive note, there was a 2.3% increase in closed sales compared to the preceding month, July 2023. This suggests a potential stabilization in the market and could indicate that buyers and sellers were finding more common ground during this period.
Properties Spend More Time on the Market: In August 2023, properties took a median of 10 days to sell. This represented an 11.1% increase compared to August 2022 and mirrored the increase seen in July 2023. A longer time on the market can be attributed to factors such as increased competition among sellers or buyers becoming more discerning in their choices.
List Price Negotiations: Sellers received an average of 98.8% of their list price in August 2023. While this is still a strong showing, it marked a slight 0.6% decrease compared to August 2022 and a 0.4% decrease compared to July 2023. These changes indicate that buyers may have had slightly more room for negotiation during this period.
Price per Square Foot and Property Sizes:ย In August 2023, homes were selling at an average price of $155 per square foot. While this was 2.5% lower than August 2022, it's worth noting that there was no change compared to July 2023. This suggests that the real estate market is adjusting to meet evolving buyer preferences and property offerings, which can create new opportunities for both buyers and sellers.
New Listings and Active Inventory: August 2023 saw 3,715 new property listings, which was a 9.6% decrease compared to August 2022. However, there was a notable 7.6% increase in new listings compared to the previous month, July 2023, indicating a potential surge in sellers entering the market.
The active inventory of available properties in August 2023 was 4,614, showing a 2.7% decrease compared to August 2022. Despite this year-over-year decline, there was a 1.5% increase in active inventory compared to July 2023, signifying a potential rise in property availability.
Months of Supply of Inventory: The months of supply of inventory in August 2023 was 1.5, which is a 19.4% increase compared to August 2022. However, it represented a 0.8% decrease compared to July 2023. A months-of-supply metric of 1.5 generally indicates a balanced market, with supply and demand relatively aligned.
In conclusion, Indiana's real estate market in August 2023 displayed a mix of growth and stabilization. Median sales prices continued their upward trajectory, albeit with a slight cooling in July. Closed sales saw a year-over-year decrease but an increase from the previous month. Properties spent more time on the market, and list price negotiations showed some flexibility. The price per square foot and property sizes underwent some changes, suggesting shifting buyer preferences. New listings surged in July, and active inventory increased slightly. The months of supply of inventory pointed towards a balanced market.
As always, the real estate market is influenced by multiple factors, and these statistics provide a snapshot of a dynamic and evolving landscape. Whether you're a buyer or a seller, staying informed about these trends can help you make more informed decisions in Indiana's real estate market
Note: The data mentioned in this article is sourced from the MIBOR Broker Listing Cooperative as of September 14, 2023. The analysis covers 16 counties in Indiana and includes various property types such as Single Family Residence, Condominium, Townhouse, Farm, Residential, and Manufactured Home.ย
Ready to explore Indiana's dynamic real estate market? Keep in mind that these insights offer onlyย a snapshot of the broader picture. For precise and up-to-date information about your specific area or property, don't hesitate to consult with local real estate professionals. Your dream home or the perfect buyer might be just around the corner.
Father's Day is a special occasion to honor and celebrate the incredible dads in our lives. If you're in Indianapolis or planning to visit the city, there are plenty of exciting activities to make this Father's Day memorable. Whether your father is a sports enthusiast, outdoor adventurer, history buff, DIY enthusiast, or nature lover, Indy has something for everyone. As Indyโs Leading Brokerage, RE/MAX Advanced Realty knows Indiana and what our beautiful state has to offer. Join us as we explore a range of fun-filled experiences to celebrate Father's Day in Indy.
Sports Enthusiasts
For Sports Loving Dads, Indianapolis is a city that offers a range of exciting destinations and activities. From iconic stadiums to interactive museums and thrilling sporting events, Indy has something to satisfy every sports enthusiast.ย
Here are some of the top places to consider visiting in Indianapolis for dads who love sports.
Start your sports adventure by visiting Lucas Oil Stadium, the home of the Indianapolis Colts (NFL). Take a guided tour of the stadium to explore behind-the-scenes areas, including the playing field, locker rooms, and press box. It's a fantastic opportunity to experience the energy of an NFL stadium and learn more about the team's history
If your dad is a basketball enthusiast, make sure to catch a game or attend a basketball event at Bankers Life Fieldhouse. This is the home of the Indiana Pacers (NBA) and the Indiana Fever (WNBA). Enjoy the thrilling atmosphere of professional basketball and cheer for the home team as they showcase their skills.
For dads with a passion for motorsports, a visit to the Indianapolis Motor Speedway is a must. Explore the Speedway's Hall of Fame Museum, which houses an extensive collection of race cars and memorabilia from the Indy 500 and other prestigious races. Don't forget to take a tour of the iconic track itself to experience the thrill of this legendary venue.
Baseball-loving dads will appreciate a trip to Victory Field, home of the Indianapolis Indians (Triple-A baseball). Enjoy a day at the ballpark, savoring classic ballpark snacks while watching the game. The stadium offers an excellent view of the downtown skyline, adding to the overall ambiance.
Indianapolis Motor Speedway Museum
Within the Indianapolis Motor Speedway complex, the Indianapolis Motor Speedway Museum is a treasure trove for sports-loving dads. Explore exhibits dedicated to the history of auto racing, featuring iconic race cars, artifacts, and interactive displays. It's a chance to dive deep into the sport and learn about its evolution.
Outdoor Adventurers
For fathers who are passionate about the great outdoors, Indianapolis offers a treasure trove of exciting activities and breathtaking landscapes to explore. Whether dad is an avid hiker, a thrill-seeking kayaker, or simply love to soak in the beauty of nature, Indy has something for every outdoor enthusi
ast dad.ย
Hiking at Turkey Run State Park
Embark on an adventure amidst sandstone gorges, waterfalls, and picturesque trails at Turkey Run State Park. Discover hidden caves, cross wooden footbridges, and soak in the stunning natural scenery. Pack a picnic and enjoy a scenic lunch surrounded by breathtaking views.
Canoeing or Kayaking on the Tippecanoe River
Experience the thrill of paddling through Indiana's scenic waterways on the Tippecanoe River. Enjoy the tranquility as you navigate gentle currents, observe the vibrant flora and fauna, and create lasting memories with your family.
Outdoor Escapade at Go Ape
Treatย dad to an unparalleled outdoor experience at Go Ape. Get ready to embark on an exhilarating journey through the treetops, conquering daring obstacles and exploring the forest from a whole new perspective. With multiple ziplines offering breathtaking heights, this adventure is sure to make your dad's heart race with excitement.
Go Biking on the Monon Trail
Rent bicycles and explore the scenic 26-mile Monon Trail that winds through Indianapolis. Pedal through vibrant neighborhoods, lush parks, and charming towns, witnessing the city's rich history and stunning natural landscapes. There are plenty of rest stops, eateries, and attractions along the way.
History Buffs
For history-loving fathers, Indy offers a treasure trove of captivating historical sites and attractions. From immersive exhibits to magnificent landmarks, this vibrant city in Indiana provides endless opportunities to step back in time and explore the rich tapestry of its past.ย
Here are some of the must-visit destinations in Indy that are sure to ignite the passion for history in any dad's heart.
Visit Conner Prairie
Nestled on 1,000 acres of picturesque land, Conner Prairie is a living history museum that allows visitors to experience Indiana's history firsthand. Take a stroll through the 19th-century Prairie Town, interact with costumed interpreters, and engage in hands-on activities that bring the past to life. Whether it's milking a cow, cooking over an open fire, or exploring a Native American wigwam, Conner Prairie offers an immersive experience that both dads and their families will cherish.
Tour the Indiana State Capitol
A visit to the Indiana State Capitol is a must for any history enthusiast. Marvel at the grandeur of this iconic building, designed in the neoclassical style, as you explore its halls and chambers. Guided tours provide fascinating insights into Indiana's government and the state's rich political history. Admire the beautiful artwork, intricate architecture, and learn about the significant events that have shaped the Hoosier State.
Visit the Indiana Military Museum
For dads with an interest in military history, the Indiana Military Museum is a true gem. This expansive museum houses an extensive collection of military artifacts spanning different time periods, from the American Revolution to the present day. Explore exhibits featuring tanks, aircraft, uniforms, weapons, and more, while gaining a deeper appreciation for the sacrifices made by our brave servicemen and women.
Explore the Indiana Historical Society
The Indiana Historical Society offers a captivating journey through Indiana's past. With engaging exhibits, interactive displays, and thought-provoking programs, this institution brings history to life in a dynamic way. Discover Indiana's diverse cultural heritage, delve into the stories of notable Hoosiers, and gain insights into the state's pivotal role in American history. The Indiana Historical Society regularly hosts special events and lectures, providing even more opportunities for dads to deepen their historical knowledge.
Discover Historic New Harmony
Step into a different world as you visit Historic New Harmony, a charming town known for its utopian experiments and intellectual heritage. Explore the meticulously preserved buildings, stroll along the picturesque streets, and immerse yourself in the unique atmosphere that inspired great minds such as Robert Owen and Thomas Say. Historic New Harmony offers a tranquil escape and a chance to reflect on the fascinating social experiments and intellectual pursuits that unfolded here.
DIY Enthusiasts
If your dad loves to roll up his sleeves and get creative with DIY projects, Indianapolis offers a plethora of opportunities for him to indulge in his passion. From unique materials to hands-on classes and inspiring workshops, Indy is a DIY enthusiast's haven.
Visit the Indianapolis ReStore
The Indianapolis ReStore is a treasure trove for any DIY enthusiast. It's a nonprofit home improvement store that sells donated new and gently used items at a fraction of their original cost. From furniture to appliances, building materials to home dรฉcor, your dad will find a wide range of unique materials and items that can fuel his creativity. Explore the store together, and you might stumble upon some hidden gems for your next DIY project.
Explore the Indianapolis Art Center
For dads who enjoy working with their hands and exploring different artistic mediums, the Indianapolis Art Center is a must-visit destination. This vibrant art center offers a variety of hands-on classes, including woodworking, pottery, metalworking, and more. Sign up for a class together and let your dad unleash his creativity under the guidance of experienced instructors. It's a wonderful opportunity to learn new skills and bond over a shared passion.
Nature Loversย
If your dad is a nature lover, Indyย is the perfect destination to spend quality time together amidst breathtaking natural landscapes and serene surroundings.
Visit the Indianapolis Zoo
The Indianapolis Zoo is a haven for animal enthusiasts and nature lovers alike. Take your dad on a captivating journey through diverse animal exhibits that showcase creatures from around the world. From majestic elephants and playful dolphins to colorful birds and endangered species, the zoo offers a unique opportunity to connect with wildlife. Additionally, don't miss the chance to explore the tranquil White River Gardens, where beautifully landscaped gardens and serene water features create a peaceful atmosphere.
Stroll through the White River State Park
For a leisurely escape into nature, head to the White River State Park. This expansive urban park offers a variety of trails that wind along the banks of the White River, providing stunning views of the water and surrounding greenery. Take a leisurely stroll with your dad, breathe in the fresh air, and enjoy the peaceful ambiance. The park also hosts concerts, festivals, and outdoor activities throughout the year, adding to the vibrant atmosphere.
Explore Holliday Park
Holliday Park is a hidden gem nestled in the heart of Indianapolis. Treat your dad to a memorable hiking experience as you meander through picturesque woodlands, marvel at towering trees, and discover beautiful wildflowers. The park is home to an impressive nature center that offers educational exhibits and programs. Spend some time connecting with nature and wildlife, and perhaps even catch a glimpse of local wildlife such as deer or owls. The serene surroundings will provide a perfect backdrop for father-child conversations.
Discover Fort Harrison State Park
For dads who enjoy outdoor adventures, Fort Harrison State Park is a must-visit destination. This expansive park offers a range of recreational activities, including hiking, fishing, biking, and golfing. Explore the scenic trails that wind through forests, fields, and along the banks of Fall Creek. Engage in friendly competition with your dad on the golf course or cast a line and try your luck at fishing. The park's natural beauty and tranquil atmosphere make it an ideal place for bonding and creating lasting memories.
And there you have it, folks! We've reached the end of our exhilarating blog journey exploring the myriad ways to celebrate Father's Day in Indiana. It's time to put those creative gears in motion and plan an extraordinary day for your dad. Whether it's an adrenaline-pumping adventure, a relaxing outdoor escapade, or a thrilling sports experience, Indiana has got you covered!
But wait, we've got a little something extra to spice things up! If you've been daydreaming about finding the perfect home for your family, why not turn this Father's Day celebration into a chance to explore real estate opportunities in Indiana? And who better to assist you in this exciting journey than the experts at RE/MAX Advanced Realty!
Imagine surprising your dad with an unforgettable day and then revealing your plans for a future filled with cherished memories in your dream home. RE/MAX Advanced Realty's team of dedicated real estate agents is ready to guide you through the process, helping you find the perfect property that suits your family's needs and desires.
So, as you embark on a Father's Day adventure to remember, keep in mind the fantastic real estate options waiting for you in Indiana. Reach out to RE/MAX Advanced Realty today and let their expertise turn your homeownership dreams into a reality.
Now go on, celebrate Father's Day in style, create lifelong memories, and embrace the thrilling possibilities that await you and your family in the beautiful state of Indiana. Happy Father's Day to all the incredible dads out there!
Remember, the greatest gift you can give your dad is your time, love, and a future filled with joy and togetherness. Cheers to all the superhero dads who make our lives extraordinary!
The real estate market in Indiana continues to demonstrate positive growth and resilience, as indicated by the market data report for May 2023. Analyzing the data for both single-family homes, condos, and all property types across all 16 counties, we can gain valuable insights into the current state of the market. In this blog, we will interpret the data and highlight the significant trends that potential buyers and sellers should be aware of. Furthermore, we will discuss the importance of considering these trends and fluctuations when analyzing the housing market. Let's dive in!
CONDOS
The condo market in Indiana has shown promising signs of growth, with several key metrics indicating positive trends:
Median Sales Price:
The median sales price for condos in May 2023 was $250,000, marking an 11.1% increase compared to April 2023 and a 6.9% increase compared to May 2022. This upward trajectory reflects a robust market and increasing property values.
Closed Sales:
Despite a decrease of -21.3% compared to May 2022, May 2023 saw a remarkable 22.3% increase in closed sales compared to April 2023, reaching a total of 203 closed transactions. This suggests a strong buyer demand and an active condo market.
Median Days on Market:
The median days on the market for condos remained steady at 6 days, indicating consistent buyer interest and a balanced market. Although this represents a 20.0% increase compared to May 2022, it's important to note that condos are still selling relatively quickly.
List Price Received:
Condo sellers received 99.0% of their list price in May 2023, signifying a strong market where sellers have negotiating power. Compared to April 2023, there was a slight increase of 0.2%, although there was a decrease of -3.3% compared to May 2022.
Median Sold Price per SqFt:
The median sold price per square foot for condos in May 2023 was $153. This represents a 2.0% increase compared to April 2023, demonstrating growing property values. However, there was a slight decrease of -3.5% compared to May 2022.
New Listings and Active Inventory:
May 2023 witnessed 223 new listings for condos, showing a 3.2% increase compared to April 2023. However, when compared to May 2022, there was a decline of -17.1%. The active inventory of condos decreased by -8.3% compared to April 2023 but increased by 17.9% compared to May 2022.
Months of Supply of Inventory:
The months of supply of inventory for condos in May 2023 was 1.0, reflecting a -25.0% decrease compared to April 2023. However, there was an increase of 49.8% compared to May 2022, indicating a balance between supply and demand.
SINGLE-FAMILY HOMES
The single-family home market in Indiana also shows promising trends, demonstrating stability and growth:
Median Sales Price
The median sales price for single-family homes in May 2023 was $300,000, indicating a 3.4% increase compared to April 2023 and a 3.8% increase compared to May 2022. This showcases a consistent upward trajectory in home values.
Closed Sales
May 2023 recorded 2,910 closed sales of single-family homes, representing a substantial 17.6% increase compared to April 2023. However, there was a decrease of -14.6% compared to May 2022, highlighting the year-over-year fluctuations.
Median Days on Market
Similar to condos, the median days on market for single-family homes remained unchanged at 7 days compared to April 2023. Nevertheless, there was a 40.0% increase compared to May 2022, suggesting a slightly longer selling period.
List Price Received
Sellers received 99.5% of the list price for single-family homes in May 2023, indicating a seller's market and strong buyer interest. This represents a 0.6% increase compared to April 2023, although a decrease of -2.9% compared to May 2022.
Median Sold Price per SqFt
The median sold price per square foot for single-family homes in May 2023 was $153, exhibiting a 1.3% increase compared to April 2023. However, there was a decrease of -6.1% compared to May 2022.
New Listings and Active Inventory
May 2023 saw 3,322 new listings for single-family homes, reflecting a 13.3% increase compared to April 2023. Nevertheless, there was a decline of -22.6% when compared to May 2022. The active inventory for single-family homes decreased by -5.0% compared to April 2023 but increased by 22.9% compared to May 2022.
Months of Supply of Inventory
The months of supply of inventory for single-family homes in May 2023 was 1.1, indicating a -19.3% decrease compared to April 2023. However, there was an increase of 43.9% compared to May 2022, suggesting a more balanced market.
The Overall Housing Market in Indiana:
Considering all property types, the housing market in Indiana demonstrates positive trends:
Median Sales Price
The median sales price for all property types in May 2023 was $298,995, representing a 5.5% increase compared to April 2023 and a 4.9% increase compared to May 2022. This suggests overall growth and a healthy market.
Closed Sales
May 2023 experienced 3,176 closed sales for all property types, showing a significant 17.5% increase compared to April 2023. However, there was a decrease of -14.5% compared to May 2022, reflecting year-over-year variations.
Median Days on Market
The median days on market for all property types remained consistent at 7 days, compared to April 2023. However, there was a 40.0% increase compared to May 2022, indicating a slightly longer selling period.
List Price Received
Sellers received 99.5% of the list price for all property types in May 2023, signifying a robust market. This represents a 0.6% increase compared to April 2023, although a decrease of -2.9% compared to May 2022.
Median Sold Price per SqFt
The median sold price per square foot for all property types in May 2023 was $153, showing a 0.7% increase compared to April 2023. However, there was a decrease of -6.1% compared to May 2022.
New Listings and Active Inventory
May 2023 witnessed 3,637 new listings for all property types, reflecting a 12.5% increase compared to April 2023. However, there was a decline of -21.16% compared to May 2022. The active inventory for all property types decreased by -4.7% compared to April 2023 but increased by 25.9% compared to May 2022.
Months of Supply of Inventory
The months of supply of inventory for all property types in May 2023 was 1.1, indicating a -18.9% decrease compared to April 2023. However, there was an increase of 47.2% compared to May 2022, suggesting a more balanced market.
Overall Market Analysis
The market data for May 2023 provides an optimistic outlook for Indiana's real estate market. The consistent increase in median sales prices for condos, single-family homes, and all property types -ย Town House, Farm, Residential, Manufactured Homes indicates a healthy and thriving market. Although fluctuations in closed sales, new listings, and active inventory are observed, these variations are part of the dynamic nature of the real estate landscape.
While the median days on the market have increased, suggesting a slightly longer selling period compared to the previous year, it is crucial to note that the market remains active, and properties are being sold. This sustained interest and demand in the real estate market ensure a steady flow of transactions.
Considering the positive trends and fluctuations in Indiana's real estate market, it is essential for potential buyers and sellers to analyze the data and make informed decisions. Whether you are interested in condos, single-family homes, or any other property type, reaching out to an experienced real estate agent can provide valuable insights tailored to your specific needs and goals.
Contact Indyโs Leading Brokerage today to gain a deeper understanding of the thriving housing market in Indiana and explore the opportunities available to you. With a roster of top-notch realtors at RE/MAX Advanced Realty, you can be assured to have an expert and experienced to guide you through the nuances of the market and help you make informed decisions. Don't hesitate to reach out to us and embark on your real estate journey with confidence.
Greenwood Office: 317.881.3700
65 Airport Pkwy #140, Greenwood, IN 46143
West Office: 317.298.0961
8313 W 10th St, Indianapolis, IN 46234
8313 W. 10th St
Indianapolis IN 46234
dennis@indyhomepros.com
317-316-8224