Special offer

Westfield, IN Real Estate News

By Michael Taylor
(Red Door Real Estate)
Here is a look at what happened on the Westfield Indiana real estate market in December 2008 for homes under $500,000:   2007 2008 % Change Active N/A 239 Homes Sold 34 40 18% Average Selling Price $201,777 $212,132 5% Days on Market 86 67 -22% Price Per Square Foot $86 $92 7% I don’t what happened, but Westfield had a stellar month in December with every single number improving. The number of homes sold was up a staggering 18% over last year and the average sales price was also up 5% compared to this time last year. In addition, the days on the market was down 22% taking an average of 19 days less to sell a home this year compared to last. Also, the absorption rate is down to 5.08 which indicates a very healthy real estate market. With only 40 homes selling these numbers could be skew...
Comments 0
By Michael Taylor
(Red Door Real Estate)
Here is a look at what happened on the Westfield real estate market in October 2008 for homes under $500,000:   2007 2008 % Change Active N/A 277 Homes Sold 49 4 -10% Average Selling Price $214,062 $203,602 -5% Days on Market 85 74 -13% Price Per Square Foot $94 $85 -10% Not a stellar month for the Westfield market; both the number of homes sold and the average sales price are down compared to last year. From this micro view, Westfield appears to be doing OK but not great. If we step back and look at it from more of a macro view, the picture improves. For the year to date numbers, the average sales price in Westfield is down only 1.27% over last year. This is among the lowest is the entire Indy area. Also, there is a relatively low supply of homes on the market with only 5.9 months sup...
Comments 0
By Indianapolis Home Inspector, Rob Rehm
(BPG Property Inspection Services)
Finding an Inspection Company In the Indianapolis, Indiana Area You Can Trust Buyers, sellers, and real estate professionals in Indianapolis and all of Indiana have one thing in common when selecting a home inspector - they want a realistic assessment of the property that won't scare anyone. A good Indianapolis home inspector will have the experience and the communication skills necessary to present information in a manner that does not play on the emotional aspects of the transaction. All homes are in need of some repair -- your inspector should help everyone keep this in perspective and stay focused on making sound financial decisions. Selecting a home inspector whether your moving to Indianapolis, Fishers, Carmel, Westfield, Noblesville, Crawfordsville, or Avon that has strong qualif...
Comments 0
By Michael Taylor
(Red Door Real Estate)
Here is what happened on the Westfield Indiana real estate market for homes under $500,000 in September 2008:   2007 2008 % Change Active N/A 552 Homes Sold 49 47 -4% Average Selling Price $212,078 $225,483 6% Days on Market 70 100 43% Price Per Square Foot $97 $99 2%   A big turnaround from last month; Westfield saw a slight decrease in the number of homes sold and an increase in the average sales price. The number of homes sold is still down over last year, but only by 4% this month compared to 24% last month. In addition, the average sales price actually rose 6% over the same time last year. The only piece of bad news in the report is that it is taking 43% or 30 days longer to sell a home in Westfield this year compared to last. Westfield is an emerging market and one that is poised...
Comments 0
By Michael Taylor
(Red Door Real Estate)
Here is a look at what happened on the Westfield Indiana real estate market in August 2008 for homes under $500,000:   2007 2008 % Change Active N/A 302 Homes Sold 50 38 -24% Average Selling Price $226,435 $217,962 -4% Days on Market 85 74 -13% Price Per Square Foot $107 $92 -14% Well, despite some good news from the other areas of Hamilton County, Westfield does not really have much to cheer about this month. The only stat that improved was average days on the market, taking 13% less time to sell a home in Westfield this year compared to last. Other than that, average selling price and the number of homes sold are both down compared to last year. For the year to date number, the Westfield market has seen a 12% decrease in the number of homes sold and a 1% decrease in the average sales...
Comments 0
By Shane Tilton
(Your Home Company Realty)
Westfield City Council voted Monday night to seek bids for citywide trash and recycling services. The council voted unanimously to seek the bids. A separate ordinance would be considered by the council before a citywide service is approved or rates are set.  In addition to seeking bids, the ordinance gives the council oversight authority. It also would charge residents a $17 fee to make changes to their account, in addition to an administrative fee that cannot exceed $1.
Comments 1
By Michael Taylor
(Red Door Real Estate)
Untitled Document Centennial homes in Westfield Indiana represents a great opportunity for home buyers to take advantage of a great master planned community that offers an impressive collection of community amenities and easy access to everything. Due to its popularity, Centennial remains a popular option for home buyers in the Hamilton County area. As a result, Centennial represents a good investment opportunity for home buyers. Here are some quick numbers for the year to date figures in Centennial as compared to last year: 2006 2007 % Change Active N/A 69 Homes Sold 77 55 -29% High Selling Price $399,900 $450,000 13% Low Selling Price $139,900 $159,900 14% Average Selling Price $252,143 $239,718 -5% Days on Market 134 94 -30% Price Per Square Foot $109 $110 1% While these numbers may...
Comments 1
By Michael Taylor
(Red Door Real Estate)
Here is glance at what happened on the Westfield Indiana real estate market for homes under $500,000 in July 2008:   2007 2008 % Change Active N/A 331 Homes Sold 73 40 -45% Average Selling Price $232,497 $240,402 3% Days on Market 70 89 27% Price Per Square Foot $100 $100 n/a As you can see we experienced a huge drop in the number of homes sold compared to last year. Despite the significant drop in the number of Westfield IN homes that sold, we still saw a 3.4% increase in the average sales price. I think in Westfield it is important to take an average for the year with only 40 – 70 homes selling per month. The number of homes sold for the year is only down 12% over last year; hence you can see that July is most likely an anomaly and I don’t expect to see that next month. Westfield, li...
Comments 0
By Shane Tilton
(Your Home Company Realty)
Over the past year or so, we have been inundated with news reports that the real estate market is in the tank.  Yes, the bubble has burst, the sky is falling, and those who dare to voluntarily make a move are destined to spend eternity in hell for being so reckless.  Combined with the recent news about the mortgage industry, you'd have to believe that a giant, flaming meteor is on a collision course with downtown Indianapolis.   The biggest issue facing the real estate market today is fear.  A motivational speaker once explained fear to me as False Evidence Appearing Real.  Most often, fear is not based in reality, but in our perception of reality.  We hear things, accept them as fact, and draw conclusions.  Indeed, perception becomes reality.  In this article, I want to address a numbe...
Comments 0
By Shane Tilton
(Your Home Company Realty)
What' So Bad? It was Thomas Paine who said "These are the times that try men's souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country." While we are not fighting for our individual liberty, we at Schuler Bauer are fighting hard. But over time, we forget all that is not important, or relevant, to the situation in which we find ourselves immersed. Just so is today's REAL ESTATE MARKET. Having the disadvantage of age, I remember too much, and too well, the bad old days of the past. Entering the real estate market place as a new licensee in 1980, I confronted a market where unemployment was historically high. Marble Hill had just shut down. What is Marble Hill you ask? It was a nuclear power plant project east of Charlestown that wa...
Comments 0
By Shane Tilton
(Your Home Company Realty)
Top 10 Ways to Make Your Home Green Do something good for your family, your pocketbook, and the environment. Make your home a little greener. A few simple changes in your house can go a long way to combat both high energy bills and global warming. To be green, you've got to be efficient. 1. Use CFLs Replace your incandescent light bulbs (the cheap ones you probably got at the grocery store) with ENERGY STAR® qualified compact fluorescent light bulbs (CFLs). By replacing even your five most frequently used light bulbs, you'll save $100 per year. Find out exactly how much you can save (pdf). If every family in the U.S.A. did this, greenhouse gas emissions would be reduced by one trillion pounds--there are 12 zeros in a trillion! More on energy-efficient lighting. 2. Program Your Thermosta...
Comments 0
By Shane Tilton
(Your Home Company Realty)
Forbes magazine has just rated Hamilton County the #1 best places to raise a family in the United States.  You can read the article here, but it basically says that with relatively low home prices, great schools, low crime and an easy commute Hamilton County rocks.  It is true, Hamilton County is arguably the most desirable location to live in the entire Indianapolis area and the real estate values reflect this.  While other areas of the country and even Indianapolis are struggling; Fishers, Noblesville, Westfield and Carmel continue to trend upwards.   The report does reveal that the rankings were skewed towards counties with great schools.  Hamilton County is renowned for its stellar schools system which is a major factor why it remains such a strong real estate market.  It has been p...
Comments 1
By Shane Tilton
(Your Home Company Realty)
Westfield Washington Superintendent Mark Keen captivated an audience for about 45 minutes this week by presenting a portion of his annual State of the Schools address on one of the district's high-tech Promethean Boards. Two large screens displayed questions Keen posed to about 150 people who attended Thursday's Westfield Washington Chamber of Commerce luncheon at The Bridgewater Club. Once each group reached a consensus, they punched in their answers on one of the two egg-shaped remote controls placed on their tables. A computer then tallied the answers and displayed a graph with right and wrong answers. The audience ohh'ed and ahh'ed throughout the presentation. The district has 89 of the boards in use at all eight of its schools and the central office. The interactive white board has...
Comments 0
By Shane Tilton
(Your Home Company Realty)
Tired of the ongoing flux in the stock market, more and more investors are moving over to real estate. Real estate is a relatively low-risk venture and provides greater certainty than other creative investment options. It is highly unlikely that the vacillating trend of the stock market will be mirrored in real estate. Therefore, if you decide to dive in real estate and buy investment property, it would serve as a profitable diversion as far as investing is concerned.The real work begins once you have made the decision to buy investment property. Finding a profitable investment property is not a child's play. It entails a comprehensive research, is a time-consuming task, and requires a lot of reliable contacts. Peruse further for a primer on how to begin with real estate investing.Befor...
Comments 3
The Sundae Social   Where: Centennial Bible Church When: Sunday, July 20th, 6-8pm   Youʼre invited to come meet the neighbors of Centennial!    ~Amanda Schick~New Home Sales ConsultantLockerbie Townhomes at Centennial15522 Bowie Dr. , Westfield , IN 46074OFC: 317.569.5144Cell: 812.272.6266schicka@estridge.net   http://www.estridge.com/TownhomesAtCentennial.aspx
Comments 0
By Michael Taylor
(Red Door Real Estate)
The Westfield real estate market seems to be mirroring what both the Fishers Indiana real estate and Carmel Indiana real estate market are doing for April 2008; decrease in sales activity but an increase in average sales price. Here is a quick glance at what happened in Westfield for homes under $500,000 in April:   2007 2008 % Change Active N/A 661 Homes Sold 103 71 -31% Average Selling Price $169,963 $151,721 -11% Days on Market 67 74 10% Price Per Square Foot $97 $80 -18% As you can see, the number of homes sold is down by 9% but the average selling price is up by 11% over last year. It should be noted however, that because the Westfield Indiana real estate market has less than 50 homes selling the numbers are more subject to fluctuation. For example, the average selling price in Ma...
Comments 0
Source: http://www.indystar.com/apps/pbcs.dll/article?AID=/20080509/LOCAL0103/805090306/1015/LOCAL01   Westfield taxpayers may see lower tax bills this year with a 4 percent decrease in the city's tax rate. That means a homeowner with a house valued at $241,000 in 2007 would see taxes drop by about $217, from $4,868 in 2007 to $4,651 in 2008. The rates are based on assessed valuations released late last week. Bruce Hauk, the city's chief administrative officer and deputy mayor, said the lower rate marks a turnaround for Westfield, which has been known for high taxes. "We tend to have drawn attention to our tax rate in the past," Hauk said. "(Now) we are effectively trying to reduce the cost by creating better assessed value." The lower taxes result from a mix of state policy, growth in ...
Comments 0
By Michael Taylor
(Red Door Real Estate)
The Westfield Indiana real estate market could be on the upswing if the numbers for March 2008 continue. Here is a quick glance at what happened in Westfield in March 2008 for homes under $500,000:     2007 2008 % Change Active N/A 596 Homes Sold 53 54 2% Average Selling Price $252,187 $239,089 -5% Days on Market 86 95 10% Price Per Square Foot $106 $100 -6%   The best news coming out of this month is that we actually saw an increase, small as may be, in sales activity for Westfield homes over last year. A two percent increase is not that great but, when you consider January’s sales were down 28% and February was the exact same as last year hopefully a trend of increased sales is starting. The average sales price was down 5% over last year which is consistent with the past three months...
Comments 0
New mortgages originating from 2007-2010 are applicable for a PMI deduction on your taxesThe break, called the qualified mortgage insurance deduction, lets taxpayers with an adjusted gross income of less than $100,000 write off the full cost of mortgage insurance. Those who earn less than $109,000 can take a write-off for part of it. The deduction can be taken for insurance on a principal residence or a second home.This is great for first time buyers, or anyone who cannot put 20% down on a home.  Source: http://www.msnbc.msn.com/id/22613583/
Comments 5
By Michael Taylor
(Red Door Real Estate)
The Westfield Indiana real estate market seems to be bucking the trend of decreased sales activity for February 2008 with no gain or loss in the number of homes sold. The average sales price was down a bit, but to not show a 30% decrease in sales like everywhere else is huge. Here is snapshot of what happened in February 2008 in Westfield:     2006 2007 % Change Active N/A 329 Homes Sold 35 35 0% Average Selling Price $212,732 $201,356 -5% Days on Market 119 83 -30% Price Per Square Foot $97 $87 -10% Not only were the number of homes on the Westfield real estate market not down, but the average days on the market was also down by 30%. This is the absolute reverse of what is happening nearly everywhere else in the entire metro Indianapolis area. Although these numbers are extremely enco...
Comments 0