200 South Rangeline Road Carmel, IN 46032 317.524.0468 Each Office Independently Owned and Operated.
RE/MAX Ability Plus REALTOR®, ABR®, CRS®, e-PRO® Certified Luxury Home Marketing Specialist
REAL ESTATE MARKET REPORT | JULY 2020
MILLIONAIRE’S ROW
317.385.6323 ShellBarger@remax.net www.MillionairesRowHomes.com
BOARD MEMBER
WHAT ARE BUYER’S EXPECTATIONS IN A NEW HOME? BUYERS REPORTED THAT THE FOLLOWING HOME FEATURES HELD MORE IMPORTANCE TO THEM IN LIGHT OF THE VIRUS.
43.5% EXTRA BEDROOMS
45.7% GOOD LIGHTING
45.7% OPEN FLOOR PLAN
50.0% KITCHEN STYLE
The spread of COVID-19 has had a profound impact on buyer confidence in the real estate market. However, a new study shows that many buyers still want to buy, with 30% reportedly looking at available listings more often than before their search was impacted. 20% of buyers reported expediting their home-buying timeline, citing low interest rates as their motivation. JONATHAN AND ANGELA-MARIE, Though buyers are being cautious, the drive to own a home is still alive and well. Now more than ever, you need an experienced Millionaire’s Row real estate agent who can help guide you through a successful transaction. Call me today at 317.385.6323 to discuss your options. www.Forbes.com | Tara Mastroeni | May 18th, 2020
PREPARED ESPECIALLY FOR
Jonathan and Angela-Marie Williams PRESENTED BY SHELL BARGER Your Millionaire’s Row Real Estate Specialist
Do you know the current value of your home? Jonathan and Angela-Marie, RE/MAX Ability Plus REALTOR®, ABR®, CRS®, e-PRO® Certified Luxury Home Marketing Specialist
317.385.6323 ShellBarger@remax.net www.MillionairesRowHomes.com
www.MillionairesRowHomes.com
This market report was created especially for you. For a more in-depth, comparative market analysis, call me today at 317.385.6323.
Your home’s value will be based on several key factors: • Home sales in Millionaire’s Row for the past six months • Square footage and lot size • Special features that set your home apart You won’t be contacted with any other solicitation.
BOARD MEMBER
MILLIONAIRE’S ROW | REAL ESTATE MARKET REPORT
MILLIONAIRE’S ROW 2020 MID-YEAR REVIEW
HOMES CURRENTLY LISTED ON MILLIONAIRE’S ROW Address 1280 Laurelwood 1256 Laurelwood 1270 Laurelwood 10517 Hyde Park 10410 Charter Oaks
Subdivision Laurelwood Laurelwood Laurelwood Windemere Windemere
Beds 4 5 4 5 6
Baths 7 5 6 7 8
Estimated* Square Feet 8,300 6,800 9,800 7,500 11,500
Finished Basement Yes Yes Yes Yes Yes
Pool Yes No Yes Yes No
List Price $1,375,000 $1,395,000 $1,999,900 $899,900 $1,333,000
List Date 06/11/20 06/25/20 12/27/19 05/08/20 06/05/20
HOMES CURRENTLY PENDING ON MILLIONAIRE’S ROW Status Pending Pending Pending Pending
Address 10457 Bishop Circle 10488 Bishop Circle 10610 Winterwood Lane 10629 Winterwood Drive
Subdivision Windemere Windemere Winterwood Winterwood
Beds 5 5 4 4
Baths 7 6 4 5
Estimated* Square Feet 7,300 7,900 4,300 6,300
Finished Basement Yes Yes No Yes
Pool No Yes No Yes
List Price $849,900 $1,100,000 $744,900 $1,395,000
2020 MID-YEAR REVIEW Pending Date 05/19/20 05/25/20 06/18/20 06/11/20
Status Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
Address 1110 Laurelwood 1025 Laurelwood 1095 Laurelwood 11060 Queens Way Circle 10547 Chatham Court 10535 Chatham Court 10331 High Grove Drive 10565 Hyde Park 10562 Noma Court 10633 Winterwood Drive
List Price $1,799,500 $1,800,000 $2,495,000 $838,000 $1,049,000 $747,000 $839,000 $925,000 $939,900 $1,249,900
List Date 05/02/20 01/15/20 05/23/19 08/16/19 02/18/20 08/16/19 07/27/19 09/26/19 09/25/19 10/18/19
Sold Price $1,799,500 $1,685,291 $1,300,000 $838,000 $1,016,000 $700,000 $810,000 $878,000 $895,900 $1,199,900
Sold Date 06/22/20 03/31/20 10/18/19 02/21/20 05/12/20 03/23/20 12/05/19 12/03/19 12/20/19 03/27/20
Shell Barger and RE/MAX Ability Plus are not in any way affiliated with Millionaire’s Row Home Owners Association, nor is this in any way an official advertisement or publication of Millionaire’s Row. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the MIBOR MLS between September 29th, 2019 and June 29th, 2020. Listings and sales may not be those of RE/MAX Ability Plus. The MIBOR MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. Represents Shell’s listing. *Square footage is rounded down to the nearest hundred.
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020
6
TOTAL SALES
HOMES SOLD IN THE LAST 9 MONTHS ON MILLIONAIRE’S ROW Estimated* Finished Subdivision Beds Baths Square Feet Basement Pool Laurelwood 5 8 10,200 Yes Yes Laurelwood 5 9 9,000 Yes Yes Laurelwood 5 8 10,600 Yes No Queens Manor 6 7 10,300 Yes No Windemere 6 7 7,200 Yes Yes Windemere 5 6 8,600 Yes No Windemere 5 5 5,900 Yes Yes Windemere 5 6 7,400 Yes No Windsor Grove 6 7 9,300 Yes No Winterwood 4 6 5,700 Yes No
MILLIONAIRE’S ROW
Jonathan and Angela-Marie, Statistics show a decrease in key market indicators; however, the demand for Millionaire’s Row remains high with current inventory pointing to a seller’s market. To secure the best price for your home, you need a marketing and negotiation expert who specializes in your community. If you are thinking of selling, contact me today at 317.385.6323.
AVERAGE SOLD PRICE/LIST PRICE RATIO
96.7%
LOW: 93.6% | HIGH: 100.0% SOLD PRICE
-7.7% from 2019
$700k
$1.1M
$1.8M
LOW
MEDIAN
HIGH
SOLD PRICE PER SQ. FT.
-1.4% from 2019
$81
$145
$207
LOW
AVERAGE
HIGH
SOLD
Status Active Active Active Active Active
9
Days Slower than 2019
AVERAGE: 75 | LOW: 2 | HIGH: 174
Data based on listings from MIBOR MLS from January 1st to June 29th, 2019 and 2020. Information deemed accurate but not guaranteed.