Shell Barger-Millionaire's Row-June 2020

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 | JUNE 2020

MILLIONAIRE’S ROW

317.385.6323 ShellBarger@remax.net www.MillionairesRowHomes.com

BOARD MEMBER

THE SELLING FRENZY IS COMING N OW IS TH E TIM E TO G E T YO U R H O M E R E A DY TO S E LL!

Source: https://www.mymove.com/buying-selling/covid-19/post-covid-real-estate-frenzy/

//MARKET FACTORS

//ALWAYS ESSENTIAL

Prior to COVID-19, the housing market showed signs of a hot spring season. The pre-pandemic market strength gives many experts hope that losses are temporary.

What separates the stability of the housing market from other economic indicators like the stock market? It comes down to need. People will always need a place to live.

The comeback is expected to be quick. With historically low interest rates, home buyers and investors will start buying at the first signs of normality. This will only delay spring purchasing, setting the stage for a frenzy by July.

After regulations lift, there will certainly be hesitant buyers, but there will also be those patiently waiting to enter the market and take advantage of low interest rates. Life itself is not paused, and large life events haven’t stopped.

//RESILIENCE During four of the last five recessions, home prices continued to increase. The only exception was in 2008; however, this was triggered by real estate itself.

While the housing crisis is still fresh on our minds, the U.S. housing market has weathered all other recessions since 1980. Traditionally, the housing market actually aids the economy in recovering from recessions.

WE’RE ALL IN THIS TOGETHER

Jonathan and Angela-Marie, Timing is critical to take advantage of the coming market. Waiting until summer will be too late — it’s important to stand out. Call me to help get your home ready; it’s what I do best! 317.385.6323.

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

Beds 4 5 5 4

• Square footage and lot size

Baths 6 6 7 4

Estimated* Square Feet 9,800 9,300 7,500 4,300

Finished Basement Yes Yes Yes No

Pool Yes No Yes No

MILLIONAIRE’S ROW CURRENT MARKET ACTIVITY MILLIONAIRE’S ROW

HOMES CURRENTLY LISTED ON MILLIONAIRE’S ROW Subdivision Laurelwood Laurelwood Windemere Winterwood

• Home sales in Millionaire’s Row for the past six months

You won’t be contacted with any other solicitation.

MILLIONAIRE’S ROW | REAL ESTATE MARKET REPORT

Address 1270 Laurelwood 1029 Laurelwood 10517 Hyde Park 10610 Winterwood Lane

Your home’s value will be based on several key factors:

• Special features that set your home apart

BOARD MEMBER

Status Active Active Active Active

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.

List Price $1,999,900 $2,650,000 $899,900 $744,900

List Date 12/27/19 10/07/19 05/08/20 11/13/19

AT A GLANCE:

$1,573,675

$1,035,899

87

AVERAGE LIST PRICE

AVERAGE SOLD PRICE

AVG. DAYS ON MARKET (SOLDS)

©2020 Google | This map is a visual representation of the data to the left.

HOMES CURRENTLY PENDING ON MILLIONAIRE’S ROW Status Pending Pending Pending

Address 1110 Laurelwood 10457 Bishop Circle 10488 Bishop Circle

Subdivision Laurelwood Windemere Windemere

Beds 5 5 5

Baths 8 7 6

Estimated* Square Feet 10,200 7,300 7,900

Finished Basement Yes Yes Yes

Pool Yes No Yes

List Price $1,799,500 $849,900 $1,100,000

Pending Date 05/03/20 05/19/20 05/25/20

HOMES SOLD IN THE LAST 9 MONTHS ON MILLIONAIRE’S ROW Status Sold Sold Sold Sold Sold Sold Sold Sold Sold

Address 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

Estimated* Finished Subdivision Beds Baths Square Feet Basement Pool 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

List Price $1,800,000 $2,495,000 $838,000 $1,049,000 $747,000 $839,000 $925,000 $939,900 $1,249,900

List Date 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 $1,685,291 $1,300,000 $838,000 $1,016,000 $700,000 $810,000 $878,000 $895,900 $1,199,900

Sold Date 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 1st, 2019 and June 1st, 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

ACTIVE PENDING SOLD

Jonathan and Angela-Marie, Homes are still being bought and sold in the midst of this pandemic. If you need to sell your house and would like to know the current status of your local market, contact me today at 317.385.6323 to create a safe and effective plan that works for you and your family.