<?xml version="1.0" encoding="UTF-8" ?>
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        <atom:link href="http://www.reddoorindy.com/blog/geist-real-estate/rss/" rel="self" type="application/rss+xml" />
        <title>Indianapolis Real Estate Blog</title>
        <link>http://www.reddoorindy.com/blog/geist-real-estate/</link>
        <description>A local Indianapolis real estate blog by Red Door Real Estate keeping you up to date on all Indianapolis and surrounding areas real estate news.</description>
        <item>
            <guid>http://www.reddoorindy.com/blog/the-anchorage-in-fishers-hot-buy.html</guid>
            <link>http://www.reddoorindy.com/blog/the-anchorage-in-fishers-hot-buy.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>The Anchorage in Fishers - Hot Buy</title>
            <description> <![CDATA[ 
Just a quick post today to let you know about a super hot buy in The Anchorage subdivision in Fishers.&nbsp; Here is a link to the house:

&nbsp;

 

&nbsp;

10138 Summerlin Way, Fishers IN&nbsp; 46038

(coming 3/27/2012) 

This is a very good price for this home and it was recently on the market and received multiple offers in just a few days and I suspect the same will happen again.&nbsp; This home sold in 1999 for $567,000 and again 2005 for $662,000.If you are interested in view this home please call Mike Taylor at 317-362-4064 to schedule a private showing. &nbsp;
 ]]> </description>
            <pubDate>Mon, 26 Mar 2012 18:36:06 -0400</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/geist-waterfront-homes-hse-vs-lawrence.html</guid>
            <link>http://www.reddoorindy.com/blog/geist-waterfront-homes-hse-vs-lawrence.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Geist Waterfront Homes : HSE vs. Lawrence</title>
            <description> <![CDATA[ 
One of the areas on Indianapolis real estate I love to work with is Geist waterfront homes.  In case you didnt know, Geist is split into two distinct counties and more importantly two very different school districts.  North of 96th street, Geist lies in the Hamilton Southeastern School district which is by most peoples perception a much better school district than its southern counterpart Lawrence Township.  Now, the question I am going to attempt to answer today is: Does the school district affect desirability and resale value of waterfront homes on Geist?


  To answer this, we are going to look at two sets of data.  One that shows us the number of homes sold, average sales price, and price per square foot for waterfront properties on Geist with HSE schools vs. Lawrence Township schools.


  Here is the HSE info:



  
  
  
  
    
Year

    
# Homes Sold&nbsp;

    
Avergage Sales Price

  
  
    
&nbsp;

    
&nbsp;

    
&nbsp;

  
  
    
2005

    
18

    
$919,211

  
  
    
2006

    
18

    
$824,053

  
  
    
2007

    
10

    
$963,416

  
  
    
2008

    
14

    
$894,785

  
  
    
2009

    
15

    
$1,000,770

  
  
    
2010 YTD

    
10

    
$787,900

  



&nbsp;


  And the Lawrence Township waterfront homes:



  
  
  
  
    
Year

    
# Homes Sold&nbsp;

    
Avergage Sales Price

  
  
    
&nbsp;

    
&nbsp;

    
&nbsp;

  
  
    
2005

    
32

    
$776,180

  
  
    
2006

    
24

    
$718,750

  
  
    
2007

    
14

    
$701,064

  
  
    
2008

    
10

    
$851,577

  
  
    
2009

    
13

    
$808,617

  
  
    
2010 YTD

    
13

    
$689,465

  



&nbsp;


  A quick graph for price shows HSE waterfront homes on Geist consistently beat out Lawrence homes:


&nbsp;


The # of homes sold is a bit more complicated to interpret because there is not an equal split of available waterfront homes in both HSE and Lawrence Township.  Lawrence has a significantly greatly proportion of the available waterfront homes.  Hence, when we see HSE waterfront homes make up greater than 50% of the total sales (as occurred in 2008 and 2009) it leads me to conclude that the waterfront homes on Geist in HSE are indeed more desirable, more expensive, and in higher demand than Geist waterfront homes in Lawrence. 


  Feel free to share your thoughts. 


 ]]> </description>
            <pubDate>Fri, 29 Oct 2010 13:31:28 -0400</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/geist-fireworks-fourth-of-july-2010-blast-from-the-bridge.html</guid>
            <link>http://www.reddoorindy.com/blog/geist-fireworks-fourth-of-july-2010-blast-from-the-bridge.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Geist Fireworks - Fourth of July 2010 - Blast from the Bridge</title>
            <description> <![CDATA[ 
The Geist Lake Coalition is celebrating its annual 4th of July fireworks show the &ldquo;Blast on the Bridge&rdquo; this coming Sunday July 4 2010.&nbsp; This year it looks like the weather is going to cooperate and should be a great night of family fun. &nbsp;

The Fall Creek bridge will close to vehicle traffic at 5:30 and the Bridge Party starts at 6:00.&nbsp; There will food and beverage vendors, a boat parade and a water ski show all before the main event.&nbsp; The fireworks themselves are set to go off at 10:00 pm.&nbsp; 

If you are on the water on in the area and want to browse the real estate for sale, take a look at our Geist waterfront homes and Geist homes pages to see what is available.&nbsp; Also, if you are looking for waterfront real estate we offer Geist home tours by boat. &nbsp;
 ]]> </description>
            <pubDate>Fri, 02 Jul 2010 14:22:27 -0400</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/waterfront-homes-on-geist-by-boat.html</guid>
            <link>http://www.reddoorindy.com/blog/waterfront-homes-on-geist-by-boat.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Waterfront Homes on Geist by Boat</title>
            <description> <![CDATA[ 
Red Door Real Estate is proud to announce we now offer boat tours for Geist waterfront real estate.&nbsp; If you are considering purchasing a home on Geist Reservoir, you must experience it from the water as well as by land.&nbsp; It is a completely different perspective and one that can have a major impact on the buying decision. &nbsp;

How does the home look from the water?&nbsp; How much of an idle zone do you have to go through to get to the main body?&nbsp; How deep and navigable is the canal?&nbsp; How long will take to get back to your house if you run out of cold beverages on the water :) ? 

&nbsp;These are all very important factors when considering waterfront properties on Geist.&nbsp; Plus, it is just more fun to look at homes from a boat.&nbsp; So, if you are considering a home on the water, call Mike Taylor at 317-362-4064 to arrange your waterfront home tour. &nbsp;

Homes for sale on Geist

Geist homes
 ]]> </description>
            <pubDate>Fri, 02 Jul 2010 14:14:30 -0400</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/geist-waterfront-homes-year-end-report.html</guid>
            <link>http://www.reddoorindy.com/blog/geist-waterfront-homes-year-end-report.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Geist Waterfront Homes | Year End Report</title>
            <description> <![CDATA[ 

Here is a look at the yearend numbers for Geist waterfront homes for 2007 vs. 2008:



  
  
  
  
    
      
&nbsp;

      

2007


      

2008


      

% Change


    
    
      
Active

      

N/A


      

37


      




    
    
      
Homes Sold

      

21


      

17


      

-19%


    
    
      
High Selling Price

      

$1,375,000


      

$2,000,000


      

45%


    
    
      
Low Selling Price

      

$384,700


      

$300,000


      

-22%


    
    
      
Average Selling Price

      

$752,540


      

$882,234


      

17%


    
    
      
Days on Market

      

67


      

133


      

99%


    
    
      
Price Per Square Foot

      

$243


      

$239


      

-2%


    
  



Despite 19% fewer Geist waterfront homes selling, we still saw a 17% increase in the average sales from 2008 vs. 2007.  This number was inevitably help out a little because the highest priced home sold in 2008 on Geist was $2,000,000 compared to 1.375M in 2007.  This one sale alone raises the average more than 35K per home sold in 2008.  However, even considering this home the average sales price in 2008 is still above the 2007 averages for waterfront homes sold on Geist.  The average days on the market almost doubled in 2008 compared to 2007.


  Waterfront Homes For Sale On Geist


  Here is a look at what is currently on the market:



  
    




    

2008


  
  
    

Active


    

37


  
  
    

High Asking Price


    

$3,740,000


  
  
    

Low Asking Price


    

$474,900


  
  
    

Average Asking Price


    

$1,403,459


  
  
    

Days on Market


    

189


  
  
    

Price Per Square Foot


    

$301


  



&nbsp;


&nbsp;


Visit our waterfront Geist homes for sale page to see a complete list of homes for sale on the water.  You can also see our Geist real estate page for all homes for sale in the Geist area and you may want to visit our Fishers Indiana real estate page as well. 

 ]]> </description>
            <pubDate>Mon, 23 Feb 2009 08:22:49 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.reddoorindy.com/blog/admirals-bay-geist-homes-market-update.html</guid>
            <link>http://www.reddoorindy.com/blog/admirals-bay-geist-homes-market-update.html</link>
            <author>mtaylor@reddoorindy.com (Mike Taylor)</author>
            <title>Admirals Bay - Geist Homes Market Update</title>
            <description> <![CDATA[ 



This blog and website are going to focus on Geist real estate, Fishers, and Carmel real estate the majority of the time.  In light of that, and since end of year is always a great time to produce some year over year numbers I thought I would start posting some subdivision reports.  Today I am going to start off with the Geist neighborhood of Admirals Bay.  Actually I am going to include some stats from Admirals Bay, Admirals Pointe, and Admirals Sound.  Admirals Cove, Landing, and Woods will be included in the overall stats but not broken down individually.  We are going to break this down a few ways, here is a look at everything that is active, pending, and sold in all the Admirals neighborhoods:



  
  
  
  
    
      
&nbsp;

      

2007


      

2008


      

% Change


    
    
      
Active

      

N/A


      

39


      




    
    
      
Homes Sold

      

64


      

37


      

-42%


    
    
      
High Selling Price

      

$960,000 


      

$1,525,000 


      

59%


    
    
      
Low Selling Price

      

$174,900 


      

$190,000 


      

9%


    
    
      
Average Selling Price

      

$374,179 


      

$415,495 


      

11%


    
    
      
Days on Market

      

110 


      

185 


      

68%


    
    
      
Price Per Square Foot

      

$124 


      

$132 


      

6%


    
    
      
% List Price / Sales 

      

96%


      

95%


      

-1%


    
  



&nbsp;


As you can see from the difference in high and low selling price, this high level analysis doesnt really tell the full story.  That being said, I think for all the Admirals neighborhoods we need to look at waterfront and non waterfront homes.  Here is a look at what happened with all waterfront Geist homes in all the Admirals neighborhoods:



  
  
  
  
    
      
&nbsp;

      

2007


      

2008


      

% Change


    
    
      
Active

      

N/A


      

13


      




    
    
      
Homes Sold

      

13


      

6


      

-54%


    
    
      
High Selling Price

      

$960,000 


      

$1,525,000 


      

59%


    
    
      
Low Selling Price

      

$384,700 


      

$240,000 


      

-38%


    
    
      
Average Selling Price

      

$677,387 


      

$886,000 


      

31%


    
    
      
Days on Market

      

61 


      

168 


      

175%


    
    
      
Price Per Square Foot

      

$215 


      

$254 


      

18%


    
    
      
% List Price / Sales 

      

96%


      

93%


      

-3%


    
  



&nbsp;


And all Admirals non water front homes in Geist:



  
  
  
  
    
      
&nbsp;

      

2007


      

2008


      

% Change


    
    
      
Active

      




      

11


      




    
    
      
Homes Sold

      

15


      

14


      

-7%


    
    
      
High Selling Price

      

$503,000 


      

$420,000 


      

-17%


    
    
      
Low Selling Price

      

$215,000 


      

$1,900,000 


      

784%


    
    
      
Average Selling Price

      

$320,086 


      

$281,002 


      

-12%


    
    
      
Days on Market

      

117 


      

94 


      

-20%


    
    
      
Price Per Square Foot

      

$117 


      

$101 


      

-14%


    
    
      
% List Price / Sales 

      

96%


      

95%


      

-1%


    
  



&nbsp;


For those wondering how they missed the water front home on Geist that sold for $240,000 dont worry.  This is the result of another Realtor incorrectly inputting the listing or exaggerating the truth.  It was just pond front, not on Geist.  If you compare the water home vs. non water homes we have a complete inverse of numbers.  The number of homes sold on Geist is down 54% over last year while the non water homes in Geist are up 11%.  The average selling price however has the exact opposite relation: the average sales price for water homes on Geist is up 31% while the non water homes are slightly down at -2% over 2007. 


Here is Admirals Bay non waterfront homes individually:



  
  
  
  
    
      
&nbsp;

      

2007


      

2008


      

% Change


    
    
      
Active

      




      

11


      




    
    
      
Homes Sold

      

15


      

14


      

-7%


    
    
      
High Selling Price

      

$503,000 


      

$420,000 


      

-17%


    
    
      
Low Selling Price

      

$215,000 


      

$190,000 


      

-12%


    
    
      
Average Selling Price

      

$320,086 


      

$281,002 


      

-12%


    
    
      
Days on Market

      

117 


      

94 


      




    
    
      
Price Per Square Foot

      

$117 


      

$101 


      

-14%


    
    
      
% List Price / Sales 

      

96%


      

95%


      

-1%


    
  



&nbsp;


&nbsp;


Admirals Pointe (No water):



  
  
  
  
    
      
&nbsp;

      

2007


      

2008


      

% Change


    
    
      
Active

      




      

5


      




    
    
      
Homes Sold

      

15


      

4


      

-73%


    
    
      
High Selling Price

      

$515,000 


      

$417,000 


      

-19%


    
    
      
Low Selling Price

      

$230,000 


      

$231,900 


      

1%


    
    
      
Average Selling Price

      

$347,700 


      

$341,100 


      

-2%


    
    
      
Days on Market

      

125 


      

61 


      

-51%


    
    
      
Price Per Square Foot

      

$113 


      

$113 


      

0%


    
    
      
% List Price / Sales 

      

94%


      

97%


      

3%


    
  



&nbsp;


And Admirals Sound (No water):



  
  
  
  
    
      
&nbsp;

      

2007


      

2008


      

% Change


    
    
      
Active

      




      

6


      




    
    
      
Homes Sold

      

10


      

10


      

0%


    
    
      
High Selling Price

      

$409,900 


      

$575,000 


      

40%


    
    
      
Low Selling Price

      

$260,000 


      

$250,000 


      

-4%


    
    
      
Average Selling Price

      

$351,742 


      

$401,590 


      

14%


    
    
      
Days on Market

      

75 


      

N/A


      




    
    
      
Price Per Square Foot

      

$103 


      

$121 


      

17%


    
    
      
% List Price / Sales 

      

95%


      

97%


      

2%


    
  



&nbsp;


&nbsp;


I think I probably just overwhelmed you with info, but better more than less.  Feel free to visit any of Geist Indiana real estate related pages: Admirals Bay, Waterfront Geist Homes, or Geist Condos for more info on the Geist Market. 



&nbsp;


&nbsp;


&nbsp;


&nbsp;


&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;

 ]]> </description>
            <pubDate>Wed, 28 Jan 2009 10:17:35 -0500</pubDate>
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