Aug 142018
 

Is The Market Slowing Down?

The real answer would be ‘Yes & No’. Why? There still are not enough homes to satisfy the demand and now that interest rates are inching up it seems would be sellers are getting cold feet. And buyers are still struggling to find homes that fit their budget or other requirements due to slim pickings. Some would just say the market is finally balanced as prices have peaked.

No one has a looking glass that can completely predict the future so anything could change at this point. The best we in the industry hope for is a slight cooling off but continued slow growth. More builders are building and investors are still buying up homes (we’ve sold 2 lately to a very large investment company). So in general as long as consumer confidence stays up the market should at least remain steady. The report below shows we’re still moving forward.

Have any questions on your home’s value or wondering what you could buy in today’s market? Give The Derrick Team a call 317-563-110 today for a no obligation ‘one on one’ consultation.

 

Mar 212017
 

When searching for your next home it’s important to select areas you want to live in then narrow down the search based on type of home you’re looking for. We’ll discuss in this article the best way to do so in Hendricks County and how this applies to most other surrounding central Indiana counties. What you’ll see is if you use the wrong search parameter, you might be not seeing all the homes for sale in your target area.

One of the key factors to realized is that the address of a home does not really give you an accurate search parameter. A property address is assigned based on the post office that is servicing an area so you’ll find many homes within a town’s limit or geographical area that has another town’s postal address. For example, many homes along the eastern edge of Hendricks County have Indianapolis addresses because they are serviced by the larger post offices in Indianapolis. Also, as the county population has grown new zip codes have been added such as the Avon zip code that was added in 1999.

Using Avon/Washington township as an example, your home may physically be in Avon/Washington township but may have an Indianapolis, Brownsburg, Plainfield, or Danville mailing address. Part of the reason is due to the fact that Avon is squeezed between Brownsburg to the north, Plainfield to the south, Indianapolis to the east, and Danville to the west. And Avon was not officially incorporated as a town until 1995. Technically both Brownsburg and Plainfield have expanded their town limits into Washington township but that has mostly stopped after a few lawsuits between the towns and Avon.

So, for now we’ll still consider most of Washington township as Avon, as the town, like many others around the area, has the goal of eventually incorporating the entire township. Both Avon and Brownsburg have recently had studies of merging township and town governments thus expanding their town borders to the edges of those townships, much as Zionsville has done in Boone county. For that reason, it’s safe to say unincorporated areas in many populous townships will be absorbed into the nearby town at some point in the future. This is the reason we tend to search using the best common denominator of these trends, which is the school system. For the most part the borders will eventually be drawn by township, as Hendricks Counties school systems are set by township boundaries (see map).

This is not something that applies to all areas which is why you’ll want to have a realtor that is aware of the area you are looking in. Indianapolis for example has IPS which is based on the old city boundaries before all of Marion county was absorbed by the city. There are also cross county school districts in more lightly populated areas of the state.

Below we outline the search parameters we typically use by area in Hendricks County, broke down by school system and tell you the geographical area each one covers.

Avon would be Avon Community School Corp and encompasses Washington Township in the central / eastern part of Hendricks County.
http://thederrickteam.callcarpenter.com/avon

Brownsburg is Brownsburg Community School Corp and includes both Lincoln and Brown Townships which covers the north east part of Hendricks County.
http://thederrickteam.callcarpenter.com/brownsburg

Danville is Danville Community School Corp and includes Center and Marion townships covering the center and middle western area of Hendricks County.
http://thederrickteam.callcarpenter.com/danville

Plainfield is Plainfield Community School Corp and covers Guildford township which is the south west corner of Hendricks County.
http://thederrickteam.callcarpenter.com/plainfield

The north west area of Hendricks County is less populated and is covered by North West Hendricks Community School Corp. It includes Eel River, Union, & Middle townships and the towns of Pittsboro, Lizton, and North Salem.
http://thederrickteam.callcarpenter.com/HCNW

The south west area of Hendricks County is also lightly populated and is covered by Mill Creek School Corp. It includes Clay, Franklin, and Liberty townships and the towns of Coatesville, Clayton, Amo, and Stilesville.
http://thederrickteam.callcarpenter.com/HCSW

Buying or selling in Hendricks County, or anywhere in the Indianapolis Metropolitan area, don’t hesitate to call or text us at 317-563-1110! We’re here to help you with any of your real estate needs, 7 days a week!


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on one’ home buyer consultations. Click here for details.

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