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Market Conditions in 46240 : Real Estate Advice

  • All5
  • Local Info1
  • Home Buying0
  • Home Selling2
  • Market Conditions0

Activity 24
Wed Mar 19, 2014
Jenny Laughner answered:
This home is in Perry Township. I will be happy to send you the full listing if you would like. My email address is 317-339-6972
0 votes 4 answers Share Flag
Wed Jan 23, 2013
Shirley DeMerchant answered:
I-465 E .At exit 2B, take ramp right and follow signs for US-31 South. Bear right onto S Shelby St, and then immediately turn right onto Surrey Dr.Turn left onto Coach Rd. Turn right onto Landau Ln. Turn left onto Braugham Rd. Arrive at 709 Braugham Rd, Indianapolis, IN 46227 on the left

It is on the southside of Indianapolis....on the way to Greenwood.
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Mon Feb 25, 2013
Julie Simnick answered:
In some neighborhoods it would be. In others it would not. If you have a Realtor working on your side in the transaction they could provide you with info on comperable sales in the area. If not, an appraiser could tell you the value of the home for a fee. If you are financing with a mortgage that would be part of the mortgage process. You should also have an inspection done and possibly a survey. If there is not a Realtor involved in the transaction, I would recommend a real estate attorney be involved for the purchase contract. You will also need to have title work done to ensure the title to the home is free and clear. Please contact me if you have additional questions. ... more
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Wed Dec 19, 2012
David Leeds answered:
I'd love to assist you with this. To do a complete and professional job for you, I'll need to visit your home, ask you a number of questions, take a series of measurements of room dimensions, and then perform a thorough analysis of homes -- both currently listed and recently sold -- in your market area.

Please contact me at 317-502-7094 at your early convenience. I stand ready to help!

Best regards,

David Leeds
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Sun Oct 21, 2012
Peter Knight answered:
The AVERAGE number of days on the market varies between Indianapolis and the surrounding counties, and between counties. Condition and pricing affect it greatly - but it is typically 60 days to "pending" in the current market.

Of course, an "average" is meaningless for a given situation. Correct pricing is critical, but so is condition. Consult a Realtor for best results.

Peter Knight
RE/MAX Ability Plus
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Wed May 16, 2012
Michael Weaver answered:
There is no way to tell you what will happen in the next 5 mins. You could go out to your mail box and have a heart attack. It would be very foolish for someone to predict what was going to happen 5-10 years from now. So many variables to consider...for instance, what if we have another 9-11...9-10 everything was great, BOOM, something terrible happens. I hope you get the idea, and why there is no way to tell you accurately what will happen to that property. ... more
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Thu Apr 26, 2012
Michael Weaver answered:
Are u looking to rent a property of yours, or be a tenant?
0 votes 6 answers Share Flag
Sat Apr 21, 2012
Ed Stayton answered:
Good Morning...
Most homes have had minor fluctuations up or down in the past few years with their values... I have seen a slight increase in prices in the last couple of months with renewed activity in this area...I would be happy to pull some recent comps so you can get a clear picture of what's going on the area...

Ed Stayton
CENTURY 21 Scheetz, LLC
317-523-3771 Cell
317-851-2437 Office
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Thu Mar 17, 2011
Ryan Dorman answered:
This is a tough area as it is near Lafayette Square Mall. A basic Google search will give you more information about this corridor. A quick scan of the area does not show much has been bought or sold within Gateway Ct over the past year. The price seems high for this area. Since 2008, prices are lower than $42K. ... more
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Sat Apr 21, 2012
The 7th answered:
are you kidding me. crime has never been so bad in Irvington. My family member that lives in Irvington has had there home broken into and car windows smashed. Good Luck trying to get someone to move into ivrington when greenwood or Carmel is where the money is going.

don't waste your time. Its lipstick in a Pig and they will know it. if you flip. just check out the skyline motel and prostitutes if you don't believe me. East Washington street is crack city
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Mon Jan 17, 2011
Eric Hiltner answered:
Flipping is generally not such a good idea in this economy with few loans and depreciating values. Rehabs must be done quickly and must have a number of different exit strategies.

Lease optioning the property may make more sense. ... more
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Tue Jul 21, 2009
Dan Baize answered:
Having tenants may make it mor challenging, espcially if their lease is not up until February. You may wish to check with the tenants about buying the house and what it might take for them to end the lease before the end of the year.
As far as pricing I would need some more details, exact location or at least close, #bedrooms, baths, fireplace,deck, basement etc. then I could do some research and find out what is going on in your neighborhood what price you would need to market your home for.
Feel free to drop me an email with that information and I can paint a little better picture.
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Fri May 25, 2012
Erik Wangenstein answered:
Unfortunately, the banks will not even look at contingencies, even in a buyers market like we're in now.
0 votes 15 answers Share Flag
Mon Feb 23, 2009
Colleen Gordon answered:
Well, the market is not bad as a matter of fact everything seems to be picking up. Price is still everything and Indianapolis is such a large area that depending upon where they are located, a $45,000 price reduction might not be a bad idea. If you have an address I could tell you more. ... more
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Wed Oct 29, 2008
Cindy Breneman answered:

I'm not sure the reason for your inquiry. According to the most recent tax information that I have, the property is owned by an out of town resident.
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Tue Aug 12, 2008
Marita Topmiller answered:
Chris, First, get a Realtor to help you. You need to know how much rehabbed homes are selling for
in the neighborhood as well as pre-rehabbed homes. How long do the post-rehabbed homes stay on the market before selling? What kind of repairs have been made to make them saleable? Then decide if the cost of repairing is worth the resale value and the time you invest waiting to make that sale. The answer to your question: Yes, abandoned homes have a chilling effect on the sale price and market time of their neighbors. Again, look at the market stats to see what the sold price per sq ft is for those homes that were next door to abandoned homes. Finally, call the Mayor's office. The city is talking about buying up abandoned homes to make neighborhoods more safe and attractive. Ask if your neighborhood is being considered in that effort. If the neighborhood is in an otherwise revitalized/rehabbed/historic neighborhood, you may be surprised at how quickly they sell. The fastest moving market now is the under $175k market and people are more interested in moving closer to work. Do your homework. I hope this helps. Marita Topmiller Century 21 Realty Group1 ... more
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Sun Jun 1, 2008
Marita Topmiller answered:
Hi Tiffany, Just the numbers for the New Pal area: 1. since 5/1/08 til now: 27 New Listings; 15 Price changes; 12 Sold; 5 Pended; 3 Withdrawn. Total 108 Active listings priced from $1.9mil - $32,900.
51 Sold from 1/1/08 - 4/1/08 priced from $255,400 - $27,500 ($112per sf - $15 per sf - average $61 per sf). 27 Sold from 4108 - 6/1/08 priced from $525,000 - $20k ( $185 per sf - $10 per sf - average $69 per
sf). Average days on market are about 86 I think, but some have sold in as little as 2 days. Your buyer's listing agent can tell you specifically how long she expects the sale to take. Hope this helps, Marita
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Thu May 1, 2008
Terri Mcgavock answered:
I am assuming that you are asking what in terms of price changes does the average seller reduce their price in the Indianapolis area. If that is your question per the MLS the avg. LP to SP ratio is 96.7%.
That would reflect a an average 3.3% price reduction. But please understand this is based upon the current list price and that list price could have already been reduced prior from initial list price.
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Mon May 5, 2008
Tom Vornholt answered:
You can go to for statistics in the Indpls metro area. Part of your research will be dependent on different counties and communites in the area. I can provide you with more detailed info by certain areas around Indpls, if you would like. Just email me back and I would love to provide you with more information.
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