Indianapolis, Indiana commuters who want to get home quickly are finding a suburban haven in Avon, where home sales have grown over the last decade.
"Avon is located in Hendricks County, just west of Indianapolis," says Realtor Janet Jernigan. "Avon has experienced tremendous growth in the last 10 years, because of its great location with easy access to the airport."
She explains, "The average sales price in Avon during the first quarter of 2004 was $173,355. The homes sold in an average of 112 days on the market with a 97 percent sales price/list price ratio. There are currently 350 homes for sale in Avon ranging in price from $66,777 to $975,000. Interest rates have ticked up over the last few weeks, but they are still amazingly low. The spring market is always very strong in this area, making it a wonderful time to buy and/or sell a home."
Says Realtor Shari Mills, "Right now, in Central Indiana, it is an awesome market but many of the homes need a little longer marketing period to sale.
Mills advises, "The average buyer has the opportunity to tour an average of 15-18 homes before making a decision, and then negotiating the best price and terms. As a buyer there are three things you can do to ensure you get the home you really want:
- First know what you need in a home.
- Get your full loan approval before going home shopping. This way you won't get as disappointed.
- Get the market value comparables from your agent then offer what it is worth, you do not want to lose your dream home because you wanted to deal!
She adds, "My best advise to sellers is:
- Set your price competitively the 1st time. Then review it every 30 days till it has an offer to purchase.
- Get Rid of the clutter
- Offer to assist with closing costs up front.
- Create the best curb appeal that you can.
- Let the natural light in.
- Focus on your walls.
- Be flexible.
"With many listings on the market, this is a great time for the Buyer to find what they're looking for," suggests Realtor Robin E. Arrow. "Many sellers are trying to get their homes sold in hopes of getting moved before the school season begins. The homes priced well are moving steadily. The new construction homes are still a great competition to the resell market. Those buyers comparing price and size of the new homes to the pre-existing market are creating the steady selling price for the homes currently on the market."
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Published: August 5, 2004
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