Lawrence, IN

10008 Northwind Circle is a traditional cedar home with more than 4,000 finished square feet has been recently renovated with numerous upgrades. The main level features hardwood flooring throughout the entry, den, dining room and kitchen, which compliment the rich maple cabinets and light granite countertops. The main level also has a breakfast room and a separate dining room with crown molding.

Every room in the house has been completely renovated with new carpet and fresh paint. The large owner’s suite features a walk-in closet and a double-sink vanity in the bathroom, with extra counter space.

This home also boasts a 4-car garage with plenty of space for storage or a workshop. The exterior of the home, has been newly painted, and a new weatherproof deck with bench seating was recently added.

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Many people looking for homes for sale in Geist, want a custom newer home. Some of the most custom homes in Geist exist at Canal Place, a community of 250 lots with about 85% having homes on them.

There are currently 11 lots for sale ranging in price from $90,000 for a .33 lot all the way up to $265,000 for a .75 lot that can accomodate a walk out basement. The nature preserve (11 acres) is near this lot.

Boat docks are available for purchase on these vacant lots,

Most of the homes were built in the 2003-2004 timeframe. They all will have three car garages, basements and most will have five bedrooms and at least three full baths; many with four and five. Another great benefit is most of them have sprinkler systems in their yards!

Some of the homes will have water access and deeded boat docks in Geist Reservoir. They typically sell relatively quickly, or at least they did up until August of this year where there days on the market were in the 60-90 day range. However, there are currently 9 on the market and most of those are well over 100 days on the market. It's probably a sign of the times more than anything.

I think the challenge sometimes in Canal Place is the size of the lots, some of them are less than 1/2 acre and when your home is over 5,000 sq ft; sometimes up to 8,000 sq ft...you expect your lot to be very large as well.

There have been six homes in Canal Place sold this year and an additional two are pended, so we will call that eight for purposes of figuring out the absorption rate. If 8 have sold in the last 10 months that is .8 a month; we have nine currently on the market. So the absorption rate is seven months which is a buyers market. Of the 8 that have sold...two were bank owned and one was a short sale. Just another reminder that no neighborhood is without distressed properties.

So, if you are looking for a custom home to either build or purchase today, Canal Place is a neighborhood in the Geist Real Estate arena that is probably worth a look and drive through. Canal Place is located off of Olio Road just north of 96th street. Your Geist Realtor would love to show you the homes in more detail, just give me a call.

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Cindy "in Indy" Marchant - Geist Real Estate Agent
Keller Williams Realty Indy Metro NE
Geist IN Real Estate Website
317-290-7775

The outlook for the Lawrence Township Real Estate market continued to improve in April as there were increases across the board in three areas of measurement: homes sold, homes listed for sale and pending sales. Of these 3 metrics the greatest increase was in the total number of homes sold, with sales rising 13.5 percent in the Lawrence Township area of Indianapolis. Also, when compared to last April’s total of 111 the 151 sales in April, 2010 represents an increase of 36 percent and an even bigger increase of 57.3 percent versus 15 months ago. Home sales have risen 3 consecutive months since reaching a 15-month low of 51 sales in January, 2010.

Also moving in a positive direction was the total number of pending sales, with 179 in April compared to 166 the previous month; an increase of 7.8 percent. This increase is even more dramatic—22.6 percent to be exact-- when compared to April of last year. Compared to February of 2009 (15 months ago) it is a spectacular increase of 94.6%.

But sales and pending sales weren’t the only statistics to rise; the number of Lawrence Township homes for sale rose 7.3 percent as there were 1,032 homes listed for sale in April versus 962 in March.

This increase in sales depleted approximate 0.4 months’ worth of inventory as there were 6.8 months of inventory in April compared to 7.2 in March. The absorption rate based on closed sales increased from 13.8 to 14.6 percent while the absorption rate based on pending sales remained unchanged at 17.3 percent.

The average time spent on market dropped 14.6 percent, going from 82 days in March to just 70 in April. This corresponds to a 38-percent drop from last April when homes spent a 15-month high of 113 days on market.

Some other pertinent stats:

• Buyers paid an average price of $63 per square foot. This is unchanged from the previous month.
• The average ‘sold’ price dropped from $158,000 in March to $133,000 in April.
• At $199,000 the average active price remained virtually unchanged from the previous month’s average of $200,000.

We are excited to offer a portfolio of 25 Indianapolis area rental homes for sale. Every property in the portfolio has been completely rehabbed and is currently leased and managed by a top rated Property Management firm in Indianapolis. The homes in the portfolio are currently rented and are for sale with tenants rights. The homes can be sold as an entire package or one at a time.

We have created a dedicated website to the properties located here. On this website you have the ability to view pictures of the properties, view a map showing the location of each property, and review the asking price and current rental amount.

VIEW ALL LISTINGS HERE

VIEW PROPERTY LOCATIONS

VIEW PROPERTY PRICE AND RENT BREAKDOWN

We are happy to provide current lease and payment information for any house under consideration. All current monthly rent, lease agreements, and tenant pre-qualification data is verifiable and available for qualified buyers.

**Please also note that the seller, your real estate broker, nor ICON Realty Partners and W Realty Partners can ensure any future results.

Lawrence Indiana Short Sales
Here is a display of current short sales in Lawrence Indiana. Simply click on them for more information!

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Ryan "Tiny" Crozier is an Indianapolis Real Estate Agent with RE/MAX Excel Realtors in Avon Indiana.
If you have any questions, please don't hesitate to call me @ 317.313.4240.