real estate: Inventory Free-Fall Continues in Hendricks County - 08/12/16 02:46 AM
Inventory Free-Fall Continues in Hendricks County
I've compiled data on the number of active existing homes for sale in the six Hendricks County school districts that show an increasing lack of inventory from which home buyers can choose. The numbers are pretty startling. 
Take a look at this graph:
 
Across the school districts, the number of homes for sale has fallen an average of 59% since 2006, and over 26% since just August of last year.
Here's the kicker - In this same period, average sale price has increased twenty percent since 2006 - this includes the housing bubble years (and its popping).
And get this: in … (2 comments)

real estate: 2016 Hendricks Co. Tax Assessments Out - 08/09/16 03:31 AM
2016 Hendricks Co. Tax Assessments Out
Yesterday, I received in the mail a "Notice of Assessment of Land and Structures/Improvements for my home in Brownsburg. 
These are being sent out across Hendricks County, IN to indicate increases or decreases in assessed value for property tax purposes. It is interesting to see how the tightened market over the past year or so has impacted values. 
My home, for instance, increased 4.5% in total assessed value, from $197,400 to $206,600. 
In Indiana, property taxes for owner-occupied homes are capped at 1% of assessed value, meaning the property taxes which will be due on my home will go up to $2,066. … (2 comments)

real estate: Indianapolis Pike Township Market Stats - July 2016 - 08/01/16 04:05 AM
Indianapolis Pike Township Real Estate Stats - July 2016
In the past few weeks I've shown the market in some of the west and northwest suburbs of Indianapolis. Today we are looking at Pike Township, which resides inside Indianapolis' northwest boundaries. Data encompasses the entire township, and for purposes of this report, includes resale homes only (no new construction).
Here is the year-over-year results, comparing June 2015 to July 2016:
 
Here is the current status of residential real estate in Pike Township as of August 1, 2016:
255 homes are active, for sale 197 homes are under contract (accepted offer, yet to close) 105 homes have sold in the past 30 days,  From this, … (0 comments)

real estate: Avon, Indiana Real Estate Stats - June 2016 - 07/26/16 08:41 AM
Avon, Indiana Real Estate Stats - June 2016
In the past few weeks I've taken a look at the Brownsburg and Zionsville markets, and now it's time to check in on Avon. Data encompasses the entire Avon Community School Corporation district and for purposes of this report, includes resale homes only (no new construction).
Here is the year-over-year results, comparing June 2015 to June 2016:
 
Here is the current status of residential real estate in Avon as of July 26, 2016:
175 homes are active, for sale 158 homes are under contract (accepted offer, yet to close) 100 homes have sold in the past 30 days,  From this, we can determine the … (1 comments)

real estate: Zionsville, Indiana Real Estate Stats - June 2016 - 07/21/16 01:41 AM
Zionsville, Indiana Real Estate Stats - June 2016
How is the market in the Zionsville area of Metropolitan Indianapolis? Data encompasses the entire Zionsville Community School Corporation district and for purposes of this report, includes resale homes only (no new construction).
Here is the year-over-year results, comparing June 2015 to June 2016:
 
Here is the current status of residential real estate in Zionsville as of July 21, 2016:
163 homes are active, for sale 76 homes are under contract (accepted offer, yet to close) 72 homes have sold in the past 30 days,  From this, we can determine the area's Absorption Rate, which is simply the rate at which homes are selling … (0 comments)

real estate: Brownsburg, Indiana Real Estate Stats - June 2016 - 07/13/16 01:58 AM
Brownsburg, Indiana Real Estate Stats - June 2016
How is the market in our corner of Metropolitan Indianapolis? Data encompasses the entire Brownsburg Community School Corporation district and for purposes of this report, includes resale homes only (no new construction).
Here is the year-over-year results, comparing June 2015 to June 2016:
 
Here is the current status of residential real estate in Brownsburg as of July 13, 2016:
150 homes are active, for sale 133 homes are under contract (accepted offer, yet to close) 96 homes have sold in the past 30 days,  From this, we can determine the area's Absorption Rate, which is simply the rate at … (1 comments)

real estate: Schoolhouse Renovations Complete! Take a Look! - 05/18/15 01:48 AM
This schoolhouse, located in Crawfordsville, Indiana, has been under renovations for several years and is now complete!
I originally listed this home for sale a few years ago. Since then, the owners have completed work on the property. Take a look at this:

 
This represents the first school consolidation in Indiana of several local primary schools into a large, grade 1-8 building. Set on two manicured acres and surrounded by trees, the owners have replaced and/or refurbished it from top to bottom into a grand residence. At neary 12,000 square feet spread across three levels and a basement, you won't find another home like … (0 comments)

 
Mike Schmidt, Buy, sell and invest Indy real estate (Schmidt Realty Group)

Mike Schmidt

Buy, sell and invest Indy real estate

Brownsburg, IN

More about me…

Schmidt Realty Group

Address: 90 Bradford Ct., Brownsburg, IN, 46112

Mobile: (317) 548-2899

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