Living In Pike.com

July 31, 2006

Taste of Pike 2006 Wrap Up

by Tim @ 10:11 am. Filed under Pike News

Ike Randolph and I

Thanks Ike…you did it again. The 2006 TOP had much more. More booths, more vendors, more entertainment, rides for the kids and go-karts. How are you going to top that next year? Although there seemed to be many more people this year, it was easy in/easy out in the parking lots, admission gates were quick and the booths were not crowded. A wide variety of food and booths made it both delicious and interesting. I believe InTech Park is the perfect place for the event. This year I took twice the number of pictures. It was easy to do. There was so much going on. To see the pictures CLICK HERE, so many happy faces.

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July 26, 2006

Taste of Pike

by Tim @ 8:32 am. Filed under Pike Misc.

Don’t forget…A Taste of Pike is this Saturday noon at Intech Park. 71st and I465.

See you there!

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July 25, 2006

My take on it…

by Tim @ 3:13 pm. Filed under Personal

For one thing, it is a buyer’s market. Today with 929 homes on the market, the Pike buyer can just about find anything they like at just about any price.

The numbers I use for my analysis come from the local MLS. These numbers do not include For Sale By Owners and Production Builders new construction, 2 things that have been on the rise in Pike Township for the past year. When I show the headline numbers to be down 14 – 16 percent over last year, the real numbers are probably closer to 5 percent. Every major builder has be constructing houses in Pike over the past year (see entry made on July 3rd. )

I believe everyone is feeling the pinch of gasoline prices and the unknown of future pricing. I think buyers are staying on the sidelines until we see some price stabilization and some good feeling about the economy ahead.

Because buyers are not coming out and buying, we are seeing record number of listings. A paradox because again it is a buyers market.

David Lereah, National Association of Realtor’s chief economist, said the housing market is flattening-out. “Over the last three months home sales have held in a narrow range, easing to a level that is near our annual projection, which tells us the market is stabilizing,” he said. “At the same time, sellers have recognized that they need to be more competitive in their pricing given the rise in housing inventories. Home prices are only a little higher than a year ago.”

Because of the seller competition, prices will have to get leaner, houses will have to be in tip top condition to compete and negotiations will have to favor the buyers.

Buyers…Come On Down!

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July 16, 2006

We Have Hit 900+

by Tim @ 8:53 pm. Filed under Pike News

Well folks…We have taken the step over 900 homes for sale. Officially tonight there are 901 homes for sale in Pike Township. That is the most I have seen at any given time in the past 3 years. I have put together some numbers YTD on 23 Pike Township communities;

YTD
As Of 7/16/2006			2005	2006
	Current Listings	Current Price Range	Sold	Sold	Gain -Loss

Liberty Creek	35	$109,900 – $142,900	48	36	-25%
Crooked Creek Heights	32	$114,900 – $185,000	36	31	-14%
Crooked Creek Villages	26	$125,000 – $242,900	40	29	-28%
Gateway West	26	$54,900 – $102,500	18	21	17%
Saddlebrook	19	$120,500 – $274,900	26	13	-50%
Cobblestone (Condos)	19	$94,900 – $154,900	14	9	-36%
Robertson Village	19	$96,900 – $149,900	15	16	7%
Preserve @ Eagle Creek	18	$299,500 – $599,900	7	4	-43%
Hidden Bay (Condos)	16	$83,000 – $122,000	9	8	-11%
Stratford Glen	16	$109,900 – $155,000	12	13	8%
Bayswater	15	$94,900 – $114,900	10	10	0%
Lakeside Manor	15	$83,800 – $155,000	23	14	-39%
Cooper Point	14	$99,500 – $138,000	15	11	-27%
Quail Ridge	14	$109,500 – $139,900	10	7	-30%
Whitehall Commons (Condos)	14	$49,900 – $80,000	9	7	-22%
Wildwood (Condos)	13	$49,900 – $71,900	10	7	-30%
Deer Creek	12	$124,900 – $229,900	16	7	-56%
Normandy Farms	12	$309,900 – $999,900	9	8	-11%
Wedgewood	12	$54,900 – $114,900	12	11	-8%
6500 Georgetown (Condos)	11	$99,900 – $132,000	6	1	-83%
College Park	10	$144,900 – $199,900	1	4	300%
Bretton Wood	9	$169,900 – $193,000	4	3	-25%
Bishops Pond (Condos)	8	$119,900 – $154,900	3	4	33%

Represents 43 % of listings	385		353	274	-22%

For a printable copy of the above Click Here

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July 5, 2006

House Sells

by Tim @ 8:59 pm. Filed under Real Estate Education

After years of increased housing sales in Pike Township, it looks like we are headed for a down year. This chart shows sales through today (July 5th) for 2005 and 2006. Stay tuned for my analysis.

Marion County Townships	YTD2005	YTD2006	Percent Gain <Loss>
Pike	804	672	<16.4>
Washington	1181	1115	<5.5>
Lawrence	994	967	<2.7>
Center	1272	1275	Even
Warren	858	868	1
Franklin	471	484	2.8
Wayne	922	991	7.5
Perry	624	691	11
Decatur	219	246	12

Whole MIBOR Area	16717	16575	<1>

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July 3, 2006

Production Builders In Pike

by Tim @ 3:08 pm. Filed under Real Estate Education

Friday afternoon I decided to visit all the production
builders in Pike Township and see what they were up
to. It turned into an interesting afternoon. Following
is my report;

AND PLEASE REMEMBER

Would you like to have a Realtor represent you for FREE
when you buy your new construction home? The cost of
the home is the same whether you are represented by a
Realtor or not. Call me and find out how. 317.319.9012
A Realtor can help you with the right location in the
community, help you find the best floorplan, help you
pick options that will eventually help resale the house
and help you through the process, being there for inspections
and closing. Call me for more info. 317.319.9012

M/I Homes – Cheswick Place – 39th and Kessler Blvd
Starting in the $130,000′s
Going fast this development is located in an ideal location.
Easy access to I65 downtown and close to Lafayette Square shopping.
www.mihomes.com

M/I Homes – Timberview – 46th and Raceway
Starting at about $350,000
A gorgeous isolated area for a gorgeous home.
Just underway with a Grand Opening planned
this fall. 10 houses have already been sold
with 80 more to go. Large lots! You have got to
check out the 5 level model.
Tell them Tim Lord sent you.
www.mihomes.com

Ryland Homes – Northpoint Village and Townhomes at
Northpoint – 83rd and Michigan Road
Average prices are $155,000 and $180,000 for the Townhomes.
Conveniently located on the north Michigan Road Corridor
where shopping abounds. These units are going fast.
Consider buying now for the best lots. Townhomes are almost
sold out.
www.rylandhomes.com

Beazer Homes – Copper Ridge – 96th west of Cooper Road
Starting at – $210,000
Only 3 lots and 3 inventory homes left.
Just across the road from Zionsville.
www.beazer.com

Beazer Homes – Westbourne – 71st and Marsh Road
Starting at $180,000
At this point Beazer is just pushing dirt on the property
preparing to build. There will be 90 townhomes at this
location. This is a new product for Beazer and it will be
interesting to follow it. Great location with a historically
good price.
www.beazer.com

KB Homes (formally Dura) – Faith Knoll
Just North of 62nd and Cooper Road
Starting at $122,403
Only 23 homes in this community and only 3 lots left.
www.kbhome.com

Portrait Homes – Parkside at Georgetown – 52nd and Georgetown
Starting at $92,990
Only 10 lots left. Gorgeous design and surperb value.
www.portraithomes.com

Gunstra Builders – Bishops Pond – 63rd and Coffman Road
Starting at $104,900
3 styles of living. Ranches, lofts and townhomes. 2 and 3 bedroom.
www.gunstra.com

Pulte – Traders Point – 86th and Lafayette Road
From $150,990
Great looking townhomes in a great location. Only 10 left.
www.pulte.com

SOLD OUT - One spec home for sale and one 80 percent done
done home as of 6/30/2006
Arbor Homes – Pikewood – located on Shangahi road
just north of 62nd Street – Starting at $135,000.
www.yourarborhome.com

SOLD OUT – Just 11 spec homes remaining – They are moving
sales offices out of the model and the model is sold.
Beazer Homes – Oakwood at the Preserve at Eagle Creek
On 82nd west of Lafayette Road – Starting in the upper 300′s
Another great isolated wooded area with rolling hills.
Check out the spec homes while you can.
www.beazer.com

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Traffic Report

by Tim @ 2:58 pm. Filed under Traffic Patterns

86TH STREET AT I-465(INDOT PROJECT) #R27552 -86th Street (at) I-465 There will be lane restrictions on 86th Street from Conarroe Road to Northwest Boulevard. This section of 86th Street will be restricted to a single lane of traffic, both eastbound and westbound. This restriction will be in place from April 27, 2006 through mid August, 2006. Traffic will be congested, it has been suggested that alternate routes should be used when possible.INDOT Project #R-27552

5720 West 38th Street
3800N/1W
There will be 1 traffic lane restricted for main repair from June 14th, through June 28th, 2006.
(Citizens Gas & Coke Utility)

2740 West 62nd Street
6200 N/2800E
There will be a lane restriction from May 2, 2006 through August 31, 2006 for pavement excavation.
(Citizens Gas & Coke Utility)

3450 West 62nd Street
6200N/1W
There will be 1 traffic lane restricted for main repair from May 01, through August 31st, 2006.
(Citizens Gas & Coke Utility)

3110 West 79th Street ***
7900N/1W
There will be 1 traffic lane restricted to replace main from June 23rd, through September 29th, 2006.
(Citizen Gas & Coke Utility)

4751 Century Plaza Road
4300N/4700W
There will be 1 traffic lane restricted for gas main installation from April 19th, through October 31st, 2006 (Citizens Gas & Coke Utility)

4305 Georgetown Road
4800W/1601N
There will be 1 traffic lane restricted for installation of gas lines from April 18th, through October 31st, 2006.
(Citizens Gas & Coke Utility)

4701 Georgetown Road
4800W/1601N
There will be 1 traffic lane restricted for installation of gas lines from April 18th, through October 31st, 2006, (Citizens Gas & Coke Utility)

4900 Georgetown Road (4900 block through 5500 block) 4800W/1601N There will be 1 traffic lane restricted for installation of gas lines from April 18th, through October 31st, 2006.
(Citizens Gas & Coke Utility)

4701 Georgetown Road
4800W/1601N
There will be 1 traffic lane restricted to relocate existing water main from May 15th, through September 15th, 2006.

5472 Georgetown Road
4800W/1601N
There will be 1 traffic lane restricted to relocate existing water main from May 15th, through September 15th, 2006.

5525 Georgetown Road
4800W/1601N
There will be 1 traffic lane restricted to relocate existing water main rom May 15th, through September 15th, 2006.

6500 Georgetown Road
4800W/1601N
There will be 1 traffic lane restricted for ditching from May11th, through July 03rd, 2006.

Thank you Karen Terrell for the update
Mayor’s Neighborhood Liaison

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