***Spotlight*** home of the week!

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**Spotlight**Home of the week! 1902 Windsor in Whisperwood Lakes located in Danville! This 5 bedroom 3 bath home is in the Danville school district! This beautiful home has nearly 3000 SQ.Ft, a 3 car garage and a in ground pool overlooking the pond and fountain. Would you like to see more? Give Chris a call!  317 271-1700

**SPOTLIGHT** Home

‎**SPOTLIGHT** home of the week 7680 Black Walnut. This 4 bedroom 2.5 bath home in Beechwood Farms is located in Avon Indiana. Over 3100 Sq. Ft to call home. If you would like a tour of this home or any other home listed, give Chris a call!  317 271-1700

Home Prices are Up…..

Home prices climb an average of 8.9 percent in Central Indiana
Overall year-to-date pended home sales dip slightly

INDIANAPOLIS – The average sales price for homes in the nine-county Central Indiana region is up 8.9 percent year to date, because the mix of sales has changed, according to sales statistics compiled by F.C. Tucker Company. More homes at $300,000 and above have sold, reflecting the uptick in prices. At the same time, however, pended homes sales are down slightly at 2 percent lower for the year compared to 2009.

Central Indiana homes sold for an average price of $148,649 for the first seven months of the year, a healthy increase of $12,102 over the 2009 year-to-date sales price. Shelby County reported the biggest home price gain at 21.6 percent, while Marion County also posted double digit gains at 13.2 percent.

On a monthly basis, pended home sales were off -27.4 percent in July 2010 compared to July 2009, although Shelby County posted an increase with a 17.2 percent upsurge. Year-to-date pended sales figures are tracking more in line with 2009, with Boone, Hancock and Shelby counties all registering positive gains in pended home sales, while Hamilton, Johnson and Morgan counties’ pended sales are on par with pended sales from the same period in 2009.

More homes were listed on the market last month compared to July 2009, with 17,276 homes for sale, up 5.8 percent. Four counties experienced above average inventory increases. Hendricks County experienced the greatest increase in inventory at 14.2 percent, followed by Hamilton County at a 7.2 percent increase in listings.

“The overall market is still absorbing the sales rush precipitated by the Federal credits. The incredibly low mortgage rates are spurring some home owners to re-enter the real estate market, causing inventory to rise, while other homeowners are staying put and refinancing,” said Jim Litten, president of F.C. Tucker Company. “Home prices are stabilizing and even increasing, and the selection for buyers is growing.”

If you or anyone you know is interested in selling please call Chris at 317 271-1700