Encore Sotheby's International Realty

January Posts Strong Housing Numbers

2012-02-20T06:12:00.000-08:00

As we delve into a new year, the central Indiana housing market is seeing positive signs. Uncharacteristically warm weather, continued low rates and ample inventory combined for a good kind of “perfect storm” resulting in the strongest January in years. A strong showing in the rolling three and six-month data adds to the optimistic picture.

The January Monthly Indicators Report of BLC® listing service date released by MIBOR today shows that new listings in central Indiana decreased 14.7 percent for the three months ending in January and shrank 8.8 percent in January only data. Pending sales were up 13.1 in the three-month view and up 18.3 percent in January alone. Months supply of inventory was down 12.8 percent to 7.6 months in January. Closed sales were equally strong with Units Sold up 15.4 for the quarter ending in January and an impressive 28 percent in January alone.

Home prices began the year on steady note. The Median sales price increased 4.7 percent to $116,213 in January and nearly even up 0.3 percent for the three months ending in January. Average sales price was up slightly for both the quarter and the month.

The data was pulled from the BLC® listing service on February 16.

A Note from Jeffrey Cohen & Mark Zukerman, Founding Principals

2011-12-15T11:56:00.000-08:00

Almost two years ago when we opened Encore Sotheby’s International Realty, some thought we might be crazy. Starting a real estate company in a down economy was a leap of faith, but, today, it’s one we are glad we took.

As we prepare to celebrate at this evening’s 2^nd Annual Encore Sotheby’s International Realty Holiday Party, we look back on 2011 with appreciation and joy. It has been a tremendous year, both in personal and business growth. We are blessed with a terrific group of agents that keep us laughing, questioning and discovering. All of these agents bring a different perspective to our company and because of them we have experienced incredible growth in Indianapolis. Year to date, Encore Sotheby’s International Realty has increased its sales volume 97.87% when compared to the same time period in 2010. This incredible growth is a testament to our agents and the Sotheby’s International Realty brand.

We are thrilled to begin 2012 with a tremendous group of agents, an excellent staff, and the power of Sotheby’s International Realty behind us. Cheers to the holidays and the New Year!

2011 3rd Quarter Housing Report

2011-12-09T11:31:00.000-08:00

The National Association of Realtors recently released their 2011 3rd Quarter Housing Report. In the report, they showed that combined sales of single family homes, condos and co-ops increased in EVERY state as compared to the 3rd quarter of last year, including an 18.6% increase in Indiana. Here are the state-by-state numbers:

Is Now the Time to Buy?

2011-11-14T13:49:00.000-08:00

This is one of 2 or 3 questions constantly asked. Will home prices be lower in 6 months? In 12 months? Will interest rates jump? Without a crystal ball, no one knows for sure exactly where home values, interest rates, or the economy as a whole will be in the future, but several reputable financial institutions and media outlets are suggesting that now is the time to purchase a home:

“Many buyers who waited for rock-bottom prices know that now is the time to buy.” - US News and World Report

“It is important for America to realize that when it comes to housing, now is a time to buy.” - JP Morgan

“Now could be the best time in history to buy a home.” - MarketWatch

“It’s an excellent time to buy a house, either to live in for the long term or for investment income.” - Wall Street Journal

Given this encouragement and the conditions we see in our own market in Indianapolis, we strongly believe that now is the time to purchase a home. Call us today and we’ll get started!

Welcome!

2011-11-11T07:16:00.001-08:00

As we embark on our third year in Indianapolis, we welcome another facet of communication. After many months of anticipation and hard work, Encore Sotheby’s International Realty launched its new website: http://www.encoresothebysrealty.com. Developed and created by the folks at Gabriels Technology Solutions (the power behind both nytimes.com and frontdoor.com). Our new site boasts incredible search features coupled with all-encompassing data and up to 50 photos of each home listed.

And now, we begin with our first blog, one of many to come. Please check back for up to date information on local and global real estate trends, new home listings and sold homes in your neighborhood, and more!