Central Indiana home prices up nearly 7 percent year to date in August-2014

Central Indiana home prices up nearly 7 percent year to date in August-2014

Central Indiana home prices up nearly 7 percent year to date
Inventory rises by 1.7 percent; five counties show increase in available homes for sale. 
INDIANAPOLIS – With average home prices reaching $176,835 in August 2014, home sales prices are up 6.7 percent compared to August 2013.
Eight of the nine counties that F.C. Tucker tracks experienced slightly higher home sales prices in the first eight months of 2014 compared to the same time period last year. Shelby and Boone counties led the way with 19.1 and 10.5 percent increases, respectively, in average home sales prices. In Shelby County, homes sold for an average of $118,256, while homes in Boone County averaged $283,140. Hamilton, Hancock, Hendricks, Johnson, Marion and Morgan counties also reported gains. Madison County experienced a decrease of 0.9 percent, declining to $84,569.
In August 2014, pended home sales declined 8.8 percent year to date, with nine counties experiencing a decrease. In August, Shelby County saw the largest year-to-date decrease in pended home sales which fell 17.7 percent compared to the first eight months of 2013.  On a monthly basis, August 2014 pended home sales declined 9.5 percent over August 2013, a decrease of 250 homes sold.
“This year’s sales are healthy although they appear sluggish compared to last year, which was the fourth best year in Indianapolis real estate history,” said Jim Litten, president of F.C. Tucker Company. “Even as sales typically slow during autumn and winter months, we believe the Central Indiana housing market will remain strong on balance.”
As pended sales declined, the number of homes for sale increased. Available homes for sale in the nine-county region rose 1.7 percent in August 2014 with 12,169 homes on the market, 204 more than in August 2013. Five Central Indiana counties saw varying inventory increases with Hamilton County experiencing the greatest uptick at 6.3 percent to 2,098 from 1,973 homes in August 2013. Boone, Madison, Marion and Morgan counties also saw increases. In Shelby County, inventory fell 9.1 percent to 260 from 286 homes for sale, a decline of 26 homes. Hancock, Hendricks and Johnson counties also had fewer homes on the market.
Of the pended home sales in the region last month, four were priced $1,000,000 to $1,999,999; 65 were priced $500,000 to $999,999; 202 were priced $300,000 to $499,999; 352 were priced $200,000 to $299,999; 1,061 were priced $100,000 to $199,999; and 696 were priced at $99,999 or less.

Pended Single-family and Condominium Home Sales

Active Listings – Inventory

Average Sale Price


Blue Monday kicks off Colts home opener

Blue Monday kicks off Colts home opener

It’s the team’s first Monday Night Football game since 2010, and a lot of events are planned before kick-off.
At 6:30 a.m., the city and the Colts planned to turn the Canal blue, but that was indefinitely postponed. It’s unclear what the problem was, though it was clear the containers used to dye the Canal were empty. Officials said the Canal would be dyed at 10 a.m.
Monday afternoon, Colts mascot Blue and the Blue Fan Van will make two stops downtown to hand out prizes to Colts fans in Colts gear: on Monument Circle at 8 a.m. and Georgia Street at noon.
Also at lunchtime on Georgia Street, fans are invited to a pep rally with food trucks, Colts cheerleaders, a DJ and mascot Blue. That’s from 11:30 a.m. to 1 p.m.
Just ahead of the game outside Lucas Oil Stadium, the American Family Insurance Touchdown Town runs from 4:30 to 8 p.m. with live music, food, drinks, the Play 60 Zone for kids and a zipline.
Colts players say they’re ready to get back to work in front of a home crowd.
“It’s always a nice buzz for a Monday night game, especially because it’s the home opener,” said Colts Quarterback Andrew Luck. “To get in front of the fans at Lucas Oil is what’s important. We know we’ve got to go out there after a great week of work and give our fans something to be proud of.”
Fans heading to Monday’s game or any game this season are reminded of the NFL’s bag policy. Big purses and coolers are not allowed. Clear plastic, vinyl or PVC bags 12″ x 6″ x 12″ or smaller and small clutch bags are allowed.


Fantastic New Listing IN Danville, IN

430 W Edgewood DrDanvilleIN 46122

  • Status Active
  • Beds 4 Bed
  • Baths 2 Full, 1 Half Bath
  • House Size 3,088 Sq Ft
  • Lot Size 0.98 Acres
  • Year Built 1975