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 brokerage’s 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" 

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.

“A Real Estate Tale of Triumph: Preserving Dreams and Nature”

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.

“Opportunity to Serve”

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.

 

 "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.

Taco Day is here, and at RE/MAX Advanced Realty, not only are we experts in real estate, but we also Know All Things About Living in Indiana - including the best taco spots in town! Today, as we celebrate National Taco Today, we're excited to share our agents' top taco picks in Indianapolis and its surrounding areas. Let's dive into this delicious adventure and discover the taco gems we wholeheartedly recommend.

Chandra Cadogan, our Director for Business Development, recommends Bakersfield, a taco hotspot that boasts an impressive 4.5-star rating on Google, with over 2600 reviews. Located at 334 Massachusetts Ave, Indianapolis, IN 46204, you can reach them at 317-635-6962. Bakersfield serves up authentic, Mexican street fare and offers a selection of over 100 tequilas and American whiskeys. It's a spot where the food is simple, the service is warm, and the atmosphere is alive. Explore their offerings at bakersfieldtacos.com.

Katrin Teverbaugh, Realtor | Broker with the Craftsman Group at RE/MAX Advanced Realty, recommends La Parada, a beloved taco joint with a 4.4-star rating on Google from over 2750 reviews. You'll find it at 1642 E New York St A, Indianapolis, IN 46201, and you can contact them at 317-917-0095. La Parada is known for its Mexican homestyle fare, offering a welcoming outdoor seating area where you can enjoy your tacos amidst a charming and simple exterior It's a place where authentic Mexican flavors shine. Discover more at laparadaindy.com.

Sophie Lingen, Realtor | Broker with The Indy Home Pros Team at RE/MAX Advanced Realty, recommends  Mi Rancho Bravo, a charming taco spot with a 4.4-star Google rating based on over 640 reviews. Located at 1313 Darlington Ave, Crawfordsville, IN, and reachable at 765-361-8890, Mi Rancho Bravo is known for its friendly service, great food, and a child-friendly atmosphere with indoor dining options. It's a place where tacos come with a smile. Learn more at facebook.com/miranchobravo.

Cate Waggoner-Lee, Realtor|Broker and Team Leader of the Craftsman Group at RE/MAX Advanced Realty, recommends Tacos Don Pablo. This fantastic taco joint boasts a 4.6-star rating on Google from over 300 reviews. Located at 2551 E Main St, Plainfield, IN 46168, and reachable at 317-707-7003, Tacos Don Pablo offers a wide array of fresh food, prepared with passion and using the freshest ingredients. Their menu boasts a delightful variety of tacos and more. Taste the passion at ordertacosdonpablo.com.

Recommended by Matt Henninger, Realtor | Broker with the Craftsman Group at RE/MAX Advanced Realty, Roscoe’s Tacos is a hidden gem with a 4.5-star Google rating based on over 1400 reviews. Located at 642 S Madison Ave, Greenwood, IN 46142, it's a spot where big stuffed burritos and tacos are dished up in a low-key counter-serve setting with plastic tables. Discover more at roscoestacos.com and you can contact them at  317-859-0043.

Robyn Roller, Realtor | Broker with RE/MAX Team Results at RE/MAX Advanced Realty, recommends El Toro, an authentic Mexican haven with a 4.4-star Google rating from over 460 reviews. Find it at 7040 McFarland Blvd, Indianapolis, IN 46237. El Toro offers authentic Mexican cuisine and drinks, delivering a truly genuine taco fiesta experience. Delve into their offerings at eltoro-bravo.com/el-toro-south-indy.

And finally, let's not forget Marcus Fillyaw, Realtor | Broker with the Craftsman Group at RE/MAX Advanced Realty, who enthusiastically recommends Gil Tacos. This beloved family-owned local gem has earned a stellar 4.5-star Google rating, based on over 1800 glowing reviews. Located at 1665 S Lynhurst Dr, Indianapolis, IN 46241, you can easily reach them at 317-992-9046. Gil Tacos holds a special place in the hearts of the community for their exceptional tacos offered at fair prices. For a sneak peek at their mouthwatering menu, visit here.

As you indulge in the delightful world of tacos, we sincerely hope your taste buds savor every bite of these culinary treasures. And remember, just like relishing the perfect taco, finding your dream home should be an equally enjoyable experience.

For all things real estate, from finding the perfect home to navigating the intricate details of the market, RE/MAX Advanced Realty is here to assist you every step of the way. We're not just your trusted advisors; we're your partners in making your real estate dreams a reality.

So, whether you're savoring the flavors of these top taco spots or embarking on a real estate journey, know that we're here to ensure your satisfaction. Happy house-hunting and taco-eating! 🌮🏠

Labor Day weekend is here and it's the perfect time to unwind and make the most of the extended break. If you're in Indiana and looking for fantastic activities that won't break the bank, you're in luck! From outdoor adventures to cultural experiences, Indiana offers a plethora of free and enjoyable activities for everyone. Get ready to have a blast without straining your wallet. Here's a list of fantastic ways to spend your Labor Day weekend in the Hoosier state.

Picnic in a Park:

There's something undeniably charming about packing a picnic basket and enjoying a meal in the great outdoors. With lush greenery and serene lakes, Indiana's parks provide the perfect backdrop. Whether you choose Brown County State Park for its picturesque beauty, Eagle Creek Park in Indianapolis for its tranquility, or Indiana Dunes State Park for its stunning shoreline, you're guaranteed a relaxing experience.

Hiking and Nature Walks:

For those who love exploring nature, Indiana boasts an array of hiking trails and nature walks. Admire the cascading waterfalls at Clifty Falls State Park, traverse the rugged terrain of  Turkey Run State Park, or immerse yourself in history at Fort Harrison State Park.

Visit Museums and Historic Sites:

Indiana's rich history and vibrant culture come to life through its museums and historic sites. For a modest fee, you can delve into the past at the Indiana State Museum, interact with history at Conner Prairie Interactive History Park, or immerse yourself in Native American art at the Eiteljorg Museum. Keep an eye out for free admission days! In the meantime, here are museums with year-round free entry:

Indiana War Memorial - The memorial complex houses the Indiana War Memorial Museum, showcasing artifacts, documents, and exhibits that honor Hoosier veterans and their contributions. 

Indiana State Police Museum -This museum offers a captivating journey through the history and evolution of law enforcement in Indiana. With engaging exhibits showcasing vintage uniforms, equipment, and patrol vehicles, the museum provides an insightful look into the agency's growth and challenges. Interactive displays provide a hands-on experience, while memorial walls honor officers who made the ultimate sacrifice. 

Attend Local Events and Festivals:

Communities across Indiana come alive during Labor Day weekend with vibrant events and festivals. From live music and local food to engaging activities, these festivals are an excellent way to experience the local culture.

Here are some events and festivals happening this Labor Day Weekend we recommend: 

Picnic Concert Series: Mallow Run Anniversary Festival - Mallow Run Winery

18th Anniversary Celebration: Music, Food, and Wine on the Lawn!  Three days of live music, delectable food trucks, and fine wines as Mallow Run Winery marks 18 wonderful years. Family-friendly, free admission. Come sip, savor, and enjoy the festivities!

Dodge Power Brokers NHRA U.S. Nationals

Rev up for the grand event racers and fans have been longing for all season - the Dodge Power Brokers NHRA U.S. Nationals. This colossal and historic racing extravaganza gathers NHRA drivers from all walks of life, competing at Lucas Oil Indianapolis Raceway Park for the revered NHRA U.S. Nationals Wally.

Labor Day Street Fair @ Jazz Kitchen

Get ready to immerse yourself in the vibrant atmosphere of the 23rd Annual Labor Day Street Fair, proudly presented by The Jazz Kitchen and Yats. This eagerly awaited event is set to captivate attendees with exceptional entertainment, commencing at 1:30 pm. Attendees can indulge their taste buds with a delectable array of food and beverages available for purchase from the renowned establishments, The Jazz Kitchen and Yats. The festivities unfold at the bustling intersection of 54th Street and College Avenue.

The music lineup for this year promises an unforgettable experience:

Marshall County Blueberry Festival

Indiana's largest 4-day festival, the Blueberry Festival, returns for its 57th year. Held at Centennial Park from August 31 to September 4, 2023, the festival boasts craft booths, entertainment stages, and an array of treats. Sports enthusiasts can enjoy softball, volleyball, and pickleball, while car lovers won't want to miss the Garden Tractor pull and Saturday's Car Show. It's a must-attend event for all ages!

Relax at Lakeside Beaches:

Take a leisurely stroll through farmers' markets, interact with local vendors, and perhaps discover a unique souvenir to bring home. Here are some farmers' markets worth visiting this Labor Day weekend for a taste of local flavors and artisanal products:

Labor Day weekend in Indiana doesn't have to be expensive to be enjoyable. From nature adventures to cultural escapades, the state offers an array of budget-friendly activities for individuals, couples, and families. So, gather your loved ones, plan your itinerary, and get ready for a remarkable and unforgettable Labor Day weekend in the Hoosier state!

As you explore the incredible attractions and experiences Indiana has to offer this Labor Day weekend, imagine the possibility of calling this vibrant state your home. If you're captivated by the charm of Indiana and its diverse offerings, why not consider exploring the real estate options available? Whether you're drawn to the cultural richness of the cities or the serene beauty of the countryside, Indiana has a place for you.

Reach out to RE/MAX Advanced Realty today! Our local real estate experts can guide you through the process of finding your dream home in Indiana. From cozy neighborhoods to spacious estates, Indiana's real estate market offers a range of possibilities to suit your preferences and needs. Make Indiana Your Home!

 

In the quest for your ideal home, we bring you an exceptional selection of residences that perfectly balance charm, luxury, and affordability. These reduced-price listings offer not only the picturesque living spaces you desire but also incredible value for your investment.  From lakefront retreats to cozy suburban havens, these listings offer the perfect blend of comfort, style, and affordability. Let's dive into these remarkable opportunities:

 

7758 Timber Cliff Ln, Trafalgar, IN 46181

Listed by Rob Campbell | (317) 695-1315

Indulge in the allure of lakeside living with this enchanting log home by Lamb Lake. Featuring a covered porch and a screened area with a lake view, this turnkey haven offers a serene escape. Custom kitchen cabinetry, stainless steel appliances, and an open layout define the heart of the home. A 2-story ceiling, built-in cabinets, and a cozy fireplace elevate the living experience. With a party deck, covered boat lift, and more, this property is a true gem.

 

2451 Forest Hills Blvd, Greenwood, IN 46143

Listed by Rob Campbell | (317) 695-1315

Experience unparalleled elegance in this meticulously maintained custom ranch. A spacious kitchen with granite counters, cherry cabinets, and SS appliances sets the tone for culinary delight. The sunroom opens to a garden-like backyard with a firepit for cozy evenings. Indulge in the luxury of a tray-ceiling master suite, additional bedrooms with a Jack N Jill bath, and versatile living spaces in the lower level. This is your dream home in waiting.

 

9010 Mercer Dr, Fishers, IN 46038

Listed by Jeff Cloyd | (317) 775-8600

Unlock incredible savings with an assumable 3.375% mortgage in the heart of Fishers. This professionally designed townhome showcases 3 bedrooms, 2 full baths, and 2 half baths. The updated kitchen is a chef's paradise, and a family room with a gas fireplace adds a cozy touch. Ensuite bedrooms with walk-in closets provide comfort, while the Nickel Plate Trail offers outdoor adventure. Your furry friends are welcome too!

 

 3116 Shadow Lake Dr, Indianapolis, IN 46217

Listed by Doug Davis | (317) 506-8887

Highly appealing two-story home on an expansive third-acre lot with ample spacing between neighbors, boasting an inviting open entry, sizable formal dining, and a contemporary open-concept kitchen connected to the great room. Abundant countertops, cabinets, island, and walk-in pantry complemented by newer appliances and updated fixtures, ensuring a turnkey experience. The upper level offers a versatile loft, perfect for family, office, or creative use. The master bedroom features elevated ceilings, a luxurious soaker tub, separate shower, dual sinks, and a walk-in closet. Bonus storage beneath the stairs and a well-appointed laundry room. Enjoy the outdoors on the open backyard patio, all set for immediate occupancy, with newer lower-level flooring.

 

1320 Flintlock Dr, Greenwood, IN 46143

Listed by David Cook  | (317) 319-7895

Discover spacious living in the sought-after Crooked Bend subdivision. This 3-bedroom patio home boasts an open floor plan, built-in shelves, and a double-sided fireplace. The upper bedroom offers versatility as a loft, playroom, or exercise space. With meticulous care and a new roof, you can enjoy worry-free living while the HOA tends to lawn and snow removal. Convenience and comfort await.

 

2418 Woodmont Ct, Plainfield, IN 46168

Listed by Mukul Khanna | (317) 203-9593

Embark on a journey of comfort and sophistication in this splendid 3-bedroom residence. A spacious living room and family room cater to relaxation and entertainment. The expansive kitchen with a commercial-sized refrigerator and stainless steel appliances is a culinary haven. Generous bedrooms provide individual sanctuaries, while the fenced backyard beckons outdoor gatherings. Avon school district adds to the allure.

 

420 N Gladstone, Indianapolis, IN 46201

Listed by Aubrey Sanchez | (317) 954-6950

Your move-in-ready dreams come true near downtown Indy. Updates within the last 4 years include HVAC, Water Heater, Plumbing, Electrical, Windows, and Flooring. The oversized covered front porch offers relaxation, while the finished basement with a full kitchen, bath, and bedroom offers versatility. Embrace this opportunity today.

 

1507 E Clinton St, Frankfort, IN 46041

Listed by Katrin Teverbaugh | (765) 426-0585

Unveil hidden space in this 3-bedroom gem boasting an office/den, dine-in kitchen, large basement, and more. With luxury vinyl plank flooring, an ensuite primary bedroom, and abundant potential, this property offers flexibility and style. Enjoy the patio, fenced backyard, and the convenience of a detached two-car garage. USDA loan eligibility opens doors to your homeownership dreams.

 

Discover your perfect abode among these enticing price-reduced listings. With homes that merge elegance, comfort, and value, you're closer than ever to finding the haven you've always dreamed of. Reach out to the listed agents and seize the chance to transform these houses into your very own home sweet home.

Contact RE/MAX Advanced Realty now at 317-298-0961  (West office) or  317-881-3700 (Greenwood Office) to schedule showings, ask questions, and take the first step toward owning one of these amazing properties! 

The real estate market in Bartholomew, Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Jackson, Jennings, Johnson, Madison, Marion, Montgomery, Morgan, Putnam, and Shelby counties continue to offer promising opportunities for buyers and sellers across all property types, including Single Family, Condominium, Townhouse, Farm, Residential, and Manufactured Homes. The data provided in this review has been sourced from the MIBOR Listing Cooperative, and while there are some fluctuations, there are still positive aspects to consider.

Overall, despite some fluctuations, the real estate market in these counties continues to present opportunities for buyers and sellers alike. The median sales price, though stable, reflects the attractiveness of the region, and the increase in closed sales and new listings indicate a healthy level of activity. With a relatively fast median days on market, sellers can expect reasonable offers, and buyers have a growing inventory to choose from. These factors combine to make it an opportune time to engage in real estate transactions in these counties.

For all your real estate needs in these vibrant markets, we encourage you to reach out to RE/MAX Advanced Realty. Our experienced agents are ready to assist you in navigating the current market trends, finding your dream property, or selling your existing home for the best possible price. Contact RE/MAX Advanced Realty today and let us help you make your real estate aspirations a reality.

 

 

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 -  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 Indy’s 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

 

When it comes to owning a home, one of the most exciting decisions to make is choosing its style. With a multitude of architectural designs to consider, finding the perfect match can be a thrilling and rewarding process. In this blog post, we'll delve into some popular home styles to help you explore the possibilities and discover the one that resonates with your personal taste and lifestyle.

Traditional Charm

For those who appreciate timeless elegance, traditional homes offer a classic appeal. Think of Colonial, Victorian, Tudor, or Craftsman styles, each with its unique characteristics and period influences. From symmetrical facades and decorative details to grand front porches and ornate woodwork, traditional homes exude a sense of history and sophistication.

Embracing Contemporary

If sleek lines, open spaces, and a focus on modern aesthetics captivate your imagination, contemporary homes might be the perfect fit. With an emphasis on clean design, natural light, and efficient use of space, these homes often incorporate materials like glass, concrete, and steel. Contemporary architecture seamlessly blends the indoors with the outdoors, creating an inviting and harmonious living environment.

The Allure of Modern

Minimalist enthusiasts gravitate towards modern homes, renowned for their simple geometric forms and functionality. These dwellings feature open floor plans, ample natural light, and a strong connection to the surrounding landscape. Flat roofs, large windows, and a minimalist aesthetic create a sense of spaciousness and calm. For those seeking a harmonious fusion of simplicity and style, modern homes are an excellent choice.

Single-Story Serenity

For those who prefer a single-level living experience, ranch-style homes provide a comfortable and accessible option. With their low profiles, open layouts, and easy access to outdoor spaces, ranch homes offer a relaxed and convenient lifestyle. They often boast wide front porches and embrace a variety of architectural influences, making them a popular choice for homeowners of all ages.

Craftsman's Delight

Craftsman-style homes celebrate craftsmanship, natural materials, and intricate detailing. These charming dwellings showcase exposed woodwork, unique architectural elements, and cozy front porches. With their warm and inviting atmosphere, Craftsman homes pay homage to traditional craftsmanship while providing a cozy and welcoming ambiance.

Mediterranean Flair

Transport yourself to the coastal regions of Spain, Italy, or Greece with a Mediterranean-style home. With stucco exteriors, red tile roofs, and arched windows, these homes radiate a sense of warmth and exoticism. Mediterranean architecture often emphasizes outdoor living spaces, allowing you to enjoy the beauty of nature from the comfort of your own home.

Timeless Colonial

Drawing inspiration from the American colonial period, Colonial-style homes exude a sense of grandeur and elegance. These symmetrical homes feature formal layouts, classic facades, and often boast charming details like columns, shutters, and central chimneys. Colonial homes offer a nod to history while providing a timeless and sophisticated living experience.

Victorian Grace

For those who adore ornate detailing and intricate woodwork, Victorian-style homes capture the imagination. With their steep roofs, vibrant colors, and elaborate exteriors, Victorian homes are a true testament to architectural artistry. Bay windows, turrets, and decorative trimmings create a whimsical and romantic atmosphere that enchants homeowners and visitors alike.

Mid-Century Modern Cool

If you have a fondness for the mid-20th century aesthetic, then mid-century modern homes may be your calling. These homes feature clean lines, large windows, and an emphasis on integrating with the surrounding natural environment. With open floor plans and a harmonious indoor-outdoor flow, mid-century modern homes exude a cool and timeless charm.

Farmhouse Comfort

Embracing a rustic and cozy feel, farmhouse-style homes evoke a sense of rural charm and simplicity. These dwellings often feature large front porches, pitched roofs, and an emphasis on functionality. Barn doors, exposed beams, and natural materials enhance the farmhouse aesthetic, creating a warm and inviting retreat.

Choosing a home style is a deeply personal decision, influenced by individual preferences, lifestyle requirements, and aesthetic inclinations. Exploring the diverse array of home styles available allows you to find the perfect match that reflects your unique personality and creates a sanctuary that you'll be proud to call home. Whether you're drawn to the timeless elegance of traditional homes, the clean lines of contemporary architecture, or the rustic charm of farmhouse living, the world of home styles has something for everyone. So, go forth, explore, and discover the home style that resonates with your dreams and aspirations.

If you're ready to embark on the journey of finding your dream home, we invite you to reach out to RE/MAX Advanced Realty. Our team of experienced real estate professionals is dedicated to assisting you every step of the way. Contact us today to schedule a consultation and let us help you navigate the exciting world of real estate.

 

RE/MAX Advanced Realty is Home to Indiana’s Top Producing Agents!

   
The real estate industry is a bustling world where agents and teams strive to achieve greatness and secure their positions at the top. Last April’s RE/MAX Top Producers Report has yet again proven that RE/MAX Advanced Realty is truly Indiana’s Leading Brokerage, bagging top teams and individual spots for residential and commercial production combined. 

Let's get to know RE/MAX Advanced Realty’s  Top-performing Teams and Agents.


Indy Home Pros Team: Reigning Supreme at #1
Leading the pack and stealing the spotlight is none other than the Indy Home Pros Team, securing the coveted #1 ranking. Led by RE/MAX Advanced REALTY Broker/Owner and Team Leader Dennis Nottingham, the Indy Home Pros Team has consistently held the #1 spot, proving that their exceptional expertise, dedication, and unparalleled service have propelled them to the forefront of the industry. With a proven track record of success, they continue to dominate the real estate landscape, helping countless clients find their dream homes.

The Craftsman Group: Mastering Excellence at #22
With a client-first mentality, The Craftsman Group, led by Team Leader Cate Waggoner-Lee, has earned a well-deserved place at #22. Their attention to detail, creative approach, and unwavering commitment to delivering exceptional service have made them a formidable force in the market. The Craftsman Group has crafted a reputation as true artisans of the real estate industry, leaving a lasting impression on their clients and peers alike.

The Rob Campbell Team: Striking Success at #42
Led by Team Leader Rob Campbell, who boasts over 30 years of experience as a top-producing agent in Johnson County, The Rob Campbell Team has secured the impressive #42 position. Their expertise extends to both residential and commercial real estate, showcasing their prowess in diverse markets. With their exceptional solutions and unwavering dedication, The Rob Campbell Team continues to make waves, solidifying their standing in the industry.

Keith Turnbill: The Epitome of Residential and Commercial Excellence at #32
At the remarkable #32 spot in the Residential and Commercial Combined category, RE/MAX Advanced Realty Green Wood Office’s Head of Commercial Division, Keith Turnbill, has made a lasting impact. His versatility and adaptability have allowed him to thrive in both sectors, catering to the unique needs of his clients. With an impressive skill set and an unwavering commitment to success, Keith stands out as a true champion in the real estate arena.

RE/MAX Advanced Realty raises a toast to the Indy Home Pros Team, The Craftsman Group, The Rob Campbell Team, and Keith Turnbill for this feat. Congratulations on your outstanding accomplishments, and here's to an even more successful future!Here at RE/MAX Advanced Realty, we aim to continue leading the way, providing a platform for top-performing agents to shine and offering unparalleled service to clients across Indiana. Our commitment to excellence is what makes us home to the finest real estate agents in the state.

You've made the decision to purchase a new house, and you're looking at all the new neighborhoods in your favorite places. Perhaps you've already decided on the neighborhood where you want to reside, but you haven't signed a lease. You'll want to negotiate the greatest price for your newly built home, regardless of where you are in the home purchasing process.

But before you do that, be sure to equip yourself with enough knowledge on what happens when negotiating the price of a home.

Factors That Affect The Price Of A New Home 

When purchasing a resale home, you must engage with the seller's sentimental attachment to the property. Thankfully, new home builders don't take that attachment into account.

Builders, however, typically don't want to sell their homes for less than what they are asking because it creates a negative precedent with potential buyers. They're thinking about things like overhead and profit margins, base construction expenses, and more, so they have a target sale price in mind to recoup the effort they've invested in the house.

Tips When Negotiating The Price Of Home

1. Be Creative

You can save money on your new house in a variety of inventive ways that don't entail paying less. The builder might be ready to cover the closing costs. Additionally, you might be able to bargain for upgrades at a discount or for free.

You should also ask about the scope of lot premium costs. Lots within a certain community are frequently priced to appeal to a broad customer. You can save up money in your budget for other fees by asking the builder for more information if the lot premium turns out to be less than you anticipated.

>> MORE: How To Negotiate When Selling A Home

2. Purchase The Model Residence

The model homes in a subdivision are typically offered at a bargain and are completely furnished with the greatest upgrades. There are a few causes for this.

real estate agent talking to couple

First of all, a model home isn't a brand-new house because many people have already toured it. Second, you won't be able to choose finishes or upgrades because everything is already installed. If you like everything about the model home or if you're willing to make a few alterations after the sale, this isn't a problem. Third, because they have been used, appliance and foundation warranties won't be as long as they would be for a brand-new home.

Make sure to ask the builder whether there are spec homes—homes constructed with the intention of being sold—that have been sitting in their inventory for some time. Similar to model houses, you won't be able to choose the upgrades and finishes, but if a builder is trying to sell, there may be room to haggle over the price. 

Tip: Ask -- there's nothing wrong about asking.

3. Compare Lenders

Your builder will probably want to direct you toward their recommended lender as soon as you begin to consider financing for your new house. Check to see if you have any incentives to use that lender, but don't stop there. Do your research and educate yourself. Their lender might not be providing you with the best mortgage conditions. Consult your bank or credit union; depending on your relationship with them, they may provide attractive rates and conditions.

4. Walk Away If You Have To

Create a budget plan and stick to it. To do that, know your ideal location, price, and amenities, and in case one (or all of these) weren't met, be ready to either negotiate or walk away. Set expectations that are realistic.

Most likely, you won't be able to get a terrific price in a competitive market or short deadline. There isn't much that can be achieved from negotiation even outside of a seller's market if the neighborhood is selling quickly. Multiple bidders on a home can actually increase the final price by 3% over the initial listing price.

Due to the builder's desire to sell, homes that have been on the market for 45 days or more typically have lower prices or greater upgrading options. If you have a specific price in mind, this can be a useful approach to filter searches.

It's Not Just About The Money

It's crucial to keep in mind that negotiations for new homes involve more than just the final cost. Upgrades, mortgage conditions, and price discrepancies on an itemized list can all make your house shopping trip more enjoyable.

If you need help negotiating with a home seller or want to know how you can have your dream home, our team at RE/MAX Advanced Realty Indy Home Pros is here to help.

You may call us at 317-298-0961 or send us a message here.

RE/MAX Advanced Realty just listed the Iconic Mug-n-Bun for Sale! This vintage drive-in has been serving fine food on Indy's West side since 1960. Located just a stone's throw away from Indianapolis Motor Speedway, Mug-n-Bun has been a staple to the community for 63 years. They have served generations of Speedway diners, including race lovers, tourists, and Hoosiers.

Featured on an episode of the television series Man Vs Food,  Mug-n-Bun Indiana is well known for their burgers and homemade root beer . They also serve tenderloins, hand-dipped onion rings, milkshakes, and healthier options like grilled chicken, salads, plus so much more! Mug-n-Bun has something for everyone, and one can eat however they want with their various dining options - In car service for the drive-in traditionalists, at their outside picnic area, or at their indoor seating.  They also accept call-ins for pick-up orders and offer the option to rent their facilities for special events.

Currently owned by master electrician Jay Watson, the business was purchased 23 years ago as his retirement project. Now that he is 63, he decided that he is ready to get out of the restaurant business, hence the decision to put the booming restaurant business up for sale.


Listed at $2,199,000 by RE/MAX Advanced Realty's top commercial agent Keith Turnbill, 5211 W 10th St. Speedway, IN 46224 is located right at the heart of Speedway on nearly 2.50 acres.

The sale includes:

All that one could need to keep the business running.

In an Interview with Indy Star, Mug-n-Bun owner Jay Watson said that he is proud of both the service and delicious food they have served throughout the decades.He hopes that whoever buys the Mug-n-Bun will continue the business. If there's one piece of advice he can give to whoever buys his business, it's the same advice he received shortly after taking over. "Don't change anything" If ain't broke, don't fix it.  With over 3000 positive Mug-n-Bun reviews  on their google page, many agree with Mr. Watson.

Have you already dined at Mug-n-Bun in Indiana and tried the Mug-n-Bun special? What are your favorite dishes?How do you feel about the sale of this iconic Drive-in in Speedway? What's your favorite memory while eating at this diner? Leave your thoughts in the comment section below!

If you have any real estate related questions about the listing, contact RE/MAX Advanced Realty Greenwood Office's Head of Commercial Division, Keith Turnbill at 317-626-0800 or drop by our office at 65 Airport Pkway Ste 140 Greenwood, IN 46143

 

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