Archive for the 'Community Info 46142' Category
Shady Creek Subdivision | Greenwood, IN
Located between US 31 and SR 135, on the south side of Fry Road, just across from Fire Station 92 is one of my favorite neighborhoods in all of Greenwood…Shady Creek Subdivision. With only 93 homes in the entire subdivision, there is not a huge amount of turnover. But when things do go on the market in here, they do tend to sell fairly quickly.
Since I started selling homes in Greenwood, back in January of 2000, there have been a total of 45 recorded home sales in Shady Creek Subdivision. Of those 45 sales, I’m flattered to have played a role in 7 of those home sales (which is 15% of all of the home sales over the last 9 years!) In 2 of those transactions I represented the buyers and in 6 of them, I was able to represent the sellers (yes…I realize 2 + 6 = 8, not 7…but in one of the transactions I was able to help both the buyer and the seller).
Homes in Shady Creek that have been well taken care of are so easy to market (in my opinion) because they have the basic things that most buyers are looking for…lots of square feet, large lots and mature trees. Throw into the mix two good school systems and a great location, close to lots of shopping and tons of restaurants and you have a no brainer.
I mention 2 school systems because Shady Creek is one of the only subdivisions I’m aware of that is actually split between two different school systems: Center Grove Schools and Greenwood Schools. Kind of unusual for a relatively small neighborhood. However, all of the homes are considered to be a part of White River Township.
The taxes in Shady Creek are also very reasonable, as well, which is another thing that makes this subdivision so appealing. Most of the new buyers in Shady Creek over the last 9 years have been first time home buyers and buyers with young families. This is such a great choice for any buyers, but particularly first time buyers because for the most part, it’s a safe choice. Home values have remained steady and buyers are able to get into a nice home for right around the $130,000 price range and they’re able to avoid the “postage stamp” lot sizes that are common in so many first time home buyers neighborhoods.
OK, enough rambling, let’s take a closer look at a few of the homes that have been selling in Shady Creek over the last few years.
To begin with, here is our most recent sale in the subdivision…which also happens to be the highest sale price in recorded Shady Creek history….yeah!!! The home was located at 534 Greenbriar Drive and actually followed the same floor plan as the model home of the subdivision. By the way, when the subdivision was first being developed, the model home was the pale yellow bi-level at the corner of Shady Creek and Fry Road.
In the slideshow below, you will see that 534 Greenbriar looks a lot like the builder’s model. But what made this home so special is that it was being sold by the original homeowner and the home had been lovingly cared for and kept up to date over the years. Some of the updates included new windows and laminate floors, an updated kitchen, fresh paint over the entire house, updated bathrooms, a gorgeous year round sunroom and a professionally landscaped backyard.
We listed this home on August 1, 2008 and by September 26, 2008 we were sitting at the closing table, handing the keys over to the new homeowner. The sellers headed to South Carolina to enjoy their retirement years closer to family and the new homeowner got an excellent home that has been very well cared for. Take a closer peak at the pictures below…
Be sure to come back soon as this page will be updated often. If you enjoyed this, you may also enjoy:
http://ishopgreenwood.com/2008/11/03/whats-selling-in-greenwood-indiana/
http://ishopgreenwood.com/2008/12/11/can-you-touch-bottom/
http://ishopgreenwood.com/2008/12/05/follow-up-on-center-grove-vs-greenwood-in-home-prices/
Click Here for a sneak peak at the most recent listings and sales in Shady Creek!
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Indianapolis Based CP Morgan: Out Of Business
I don’t have any proof of this, but I am quite certain that my jaw literally dropped when I heard the headline above come across the 11:00pm news last night. I absolutely can’t believe it!
Yes, I’ve been surprised at times to hear of some other builders going under. I know Davis Homes really caught me off guard when that happened a year or so ago. But CP Morgan? Seriously???
These were the big boys. These were the ones that were always sponsoring realtor lunches, trips to Colts games, gift cards, all that fun stuff. What happened?
I’m sure this is the same question that a lot of others are thinking as well…current homeowners, realtors, contractors, suppliers, those that have already put money down towards the building of their new home. So many people have been effected.
But the people I’m feeling for the most this morning are their sales reps. Primarily because these people have been the face of CP Morgan for me for the last 9 years. And I have to say, these have been some of the most loyal, professional and hard working people I’ve ever worked with.
No matter what anyone else thought, these people were enthusiastic, energetic, and sincerely believed that they could offer the best home for the money any where around. I do believe that they sincerely believed in their product. These are hard working, ethical people and my heart goes out to them this morning.
Click Here to read the official CP Morgan Press Release 02-26-09
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Can You Touch Bottom?
Remember what it was like when you were a kid and you’d jump into the deep end and challenge your friends to see who could touch the bottom of the pool?
When you were little, you’d have to kick and push a little to get there. Your ears would pop and you’d get a little scared…wondering if you’d be able to hold your breath long enough to get all the way to the bottom and then back up again.
It’s kind of the same with our current real estate market. People keep challenging themselves to see who can hold out long enough to time the market just right…holding off on buying something until the prices drop all the way to the bottom.
Well stop trying to guess when the market is going to “hit bottom”. No one can predict the exact time it’s going to happen…so stop trying! But by golly, stop sitting on your keester waiting for “the perfect time” to buy.
While you’re waiting for the market to get all the way to the bottom, your friends and neighbors are out there taking advantage of the bargains that are all around them right now…whether we’re at “the bottom” or not…who cares???
When the market finally does turn around, it will be just like finally reaching the bottom of the pool and then pushing off and soaring back up to the top of the surface…popping your head out of the water and coming up for that great big refreshing breath of air.
The market’s going to come back up a lot faster than it went down. But we won’t know we’ve hit the bottom until we’re already on our way back up. How will you know that today will be the last day of low prices and that tomorrow they will be higher? You won’t! You can’t!
So stop waiting to “hit the bottom”. You’re gonna make it and you’re not gonna drown! But you need to jump in…’cuz the water is more than fine!
Discussion: 1 Comment »
A Chance To Give Back This Christmas
I realize the economy is bad for just about everyone right now, but you still may be looking for a way to reach out and do something for someone else that may be just a little worse off than we are.
If you’re looking for such a cause, or maybe just for a place to put the kids out grown clothes to good use, please take a closer look at the message below. This is from our good friend, Allie and I know that anything you can contribute would be greatly appreciated.
Click to enlarge
Need to know where to bring your clothes for Alyssa? Please leave us a comment and we’ll make sure your clothes get to Alyssa as soon as possible. Thanks in advance for your help!
Discussion: 1 Comment »
It’s The Price, Stupid!
OK, so maybe that wasn’t the name of the training I attended today, but it might as well have been because I think that’s pretty much the main point that all of us got when it was over. Our training was taught by Linda McKissack, whose team usually sells around 300 homes a year, so I think she certainly knows what she’s talking about.
One of the first things she said today that really got my attention was “Our price is good, but we’re just not getting any showings.” Ha! This caught my attention because I know I’ve said this myself. Her point was that in this market, if we’re not getting showings, our price is wrong. Period.
In a seller’s market, it means the supply cannot keep up with the demand. Put whatever price you want on your home because after all, in a seller’s market, it’s not as much about price as it is “Location. Location. Location.”
Well guess what? In case you’ve been hiding under a rock, we’re in a buyer’s market right now…NOT a seller’s market! And a buyer’s market is exactly the opposite of a seller’s market. It means we have an over supply for the amount of demand. We have more sellers than we do buyers!
When this happens, your house has become a commodity. And like any other commodity, it’s all about the price. Here’s a great analogy . . . “If you bought stock last year and that stock was worth $49 per share and today you need to sell that same stock and it is now worth $25 per share, what could we sell it at? Twenty-five is right.”
How do you know if your home is over priced for the market? Well here’s what the National Association of Realtors has to say:
- If you’ve had 10 or more showings with no offers, you’re at least 5% over priced
- If you’ve been on the market 2-3 weeks and you’ve had no showings, you’re at least 10% over priced
If you’re a homeowner thinking of selling, this may not be the news you were hoping for, but I believe Dianna Kokoszka said it best when she said, “If I don’t tell my sellers the truth, it’s like I’m taking money from their bank accounts.”
We didn’t create this market, but as Realtors, our job is to properly communicate the numbers as best as possible so our sellers can make the decisions that are best for them.
Discussion: 2 Comments »
Follow Up On Center Grove vs. Greenwood IN Home Prices…
Well, it was brought to my attention by my good friend Jake Stiles, well…. I mean, my acquaintance, Jake Stiles…um, better yet, it was brought to my attention by some guy who managed to get his real estate license (hee! hee!) that surely there were some higher end home prices that were scewing our numbers previously posted. And in fact, he is correct.
Posted below is a closer look at homes specifically priced at or above $500,000 in Center Grove and Greenwood School Systems.
What we see is that there are currently 52 homes Active on the market in Center Grove, priced at or above $500,000 with the highest Active list price at $2,850,000 (the average Active list price is $835,815). There are also 2 homes Pending in Center Grove Schools listed at or above $500,000 with an average list price of $697,400.
However, in Greenwood Schools, there are no homes currently Active that are listed at or above $500,000 and none that are Pending either. Neither school system had a closed sale in this price range during the month of November either.
Hope this helps better explain the numbers. If you have any questions or comments you’d like to share, by all means, please let us know!
Click on graph to enlarge
Discussion: 3 Comments »
Who Wants To Be Average…???
OK, so maybe it’s not what we aspire to, but it certainly can be interesting to see how we compare. And in the world of real estate in Greenwood, Indiana the numbers that we found for this past month were definitely an eye opener.
In fact, I double checked all of the numbers more than once just to make sure I hadn’t messed something up! Unfortunately, the numbers are correct. Check out what we discovered…
Click on graph to enlarge
What I find really interesting is that Center Grove has twice as many homes currently Active on the market as Greenwood, more than twice as many Pending and yet, during the month of November, only had 25% more closings than Greenwood.
Another big difference we see is with regard to the actual home prices. Right now, the average home in Center Grove is listed for $330,629 while the average home in Greenwood is currently listed for $141,892. These same trends follow down through the Pending price differences, as well as the actual Sold prices.
With over 600 homes currently available in Center Grove and Greenwood combined, it’s time to go shopping! Give me a call and let’s go look at some houses this weekend! 317.893.1636 Hope to hear from you soon!
Discussion: 4 Comments »
What’s Selling In Greenwood Indiana?
So, what’s been selling in Greenwood? Well, let’s take a look at the last month and what is currently available.
From what we can see, there are 201 homes currently available within Greenwood Schools. Their average Days on the Market is 108 and their average List Price is $140,609.
In addition to that, there are also 23 homes Pending with accepted offers. These homes have been on the market an average of 67 days and are listed for an average List Price of $92,982.
And last but not least, there have been 29 homes that have closed within the Greenwood School System during the month of October. These homes were on the market an average of 95 days and were listed for an average of$111,081.
During the month of October, homes in Greenwood Schools have sold for an average of $69.30 per square foot which translates to about 94% of their list price.
| Search Statistics: | |||||||||
| 253 Listings | |||||||||
| 201 Active Listings | Beds | Baths | Sq Ft | LP | LP/Sq Ft | SP | SP/Sq Ft | SP/LP | DOM |
| High | 6 | 5 | 4,520 | $472,300 | $229.00 | 739 | |||
| Low | 2 | 1 | 617 | $0 | $0.00 | 3 | |||
| Average | 3 | 2 | 1,684 | $140,609 | $81.88 | 108 | |||
| Median | 3 | 2 | 1,552 | $119,900 | $81.83 | 90 | |||
| 29 Sold Listings | |||||||||
| Beds | Baths | Sq Ft | LP | LP/Sq Ft | SP | SP/Sq Ft | SP/LP | DOM | |
| High | 5 | 3 | 3,988 | $179,900 | $124.33 | $176,900 | $122.25 | 106% | 384 |
| Low | 2 | 1 | 942 | $27,900 | $25.64 | $24,000 | $23.90 | 79% | 0 |
| Average | 2 | 2 | 1,569 | $111,081 | $72.57 | $106,200 | $69.30 | 94% | 95 |
| Median | 3 | 2 | 1,420 | $107,900 | $70.84 | $106,000 | $67.41 | 95% | 68 |
| 23 Pending Listings | |||||||||
| Beds | Baths | Sq Ft | LP | LP/Sq Ft | SP | SP/Sq Ft | SP/LP | DOM | |
| High | 4 | 4 | 2,329 | $222,900 | $110.05 | 234 | |||
| Low | 2 | 1 | 1,066 | $29,900 | $22.32 | 1 | |||
| Average | 2 | 2 | 1,447 | $92,982 | $62.58 | 67 | |||
| Median | 3 | 2 | 1,362 | $87,000 | $56.99 | 45 | |||
| 253 Listings | |||||||||
| Beds | Baths | Sq Ft | LP | LP/Sq Ft | SP | SP/Sq Ft | SP/LP | DOM | |
| High | 6 | 5 | 4,520 | $472,300 | $229.00 | $176,900 | $122.25 | 106% | 739 |
| Low | 2 | 1 | 617 | $0 | $0.00 | $24,000 | $23.90 | 79% | 0 |
| Average | 3 | 2 | 1,649 | $132,895 | $79.06 | $106,200 | $69.30 | 94% | 102 |
| Median | 3 | 2 | 1,473 | $113,900 | $79.14 | $106,000 | $67.41 | 95% | 83 |
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Spotlight on Housing in 46142
As of the time of this writing, included below is the most accurate housing information we have for the 46142 zip code.
General Info:
| 46142 | Indiana | |
|---|---|---|
| Median Home Price | $99,000 | N/A |
| In Current Residence 5+ Years | 40.21% | 38.63% |
| Annual Residential Turnover | 18.97% | 17.39% |
| Median Years in Residence | 3.96 | 3.73 |
| Median Dwelling Age | 22 | 34 |
Housing Type
click to enlarge
From what we can see, it looks like most of our residents are staying in their homes close to 4 years before moving onto the next one and that our Median Home Price in the 46142 zip code is $99,000.
A little over 40% of our residents stay in their homes for more than 5 years; the average home is about 22 years old and every year, approximately 19% of the homes in our 46142 zip code get sold to new owners.
Nothing earth shattering, but kind of neat stuff to know!
Discussion: 2 Comments »
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