The FC Tucker Indianapolis Real Estate Blog

Year-to-date pended home sales grow in central Indiana

Year-to-date pended home sales grow in central Indiana

Madison, Marion and Shelby counties lead growth in March while inventory continues to decline

INDIANAPOLIS – Year-to-date pended home sales in the nine-county central Indiana region have inched ahead of last year’s total by approximately 1.6 percent. According to F.C. Tucker Company’s real estate data for the region, 111 more homes have sold in 2016 than this time last year, bringing the year-to-date total to 7,252. On a monthly basis, March 2016 pended home sales dipped by 2.5 percent, representing just 71 fewer homes sold compared to March 2015. Three counties – Madison, Marion and Shelby – showed gains, which contributed to last month’s total pended sales of 2,824.

Available inventory in the region continued to tighten. Last month, the number of homes for sale decreased 13.5 percent compared to March 2015, resulting in 1,334 fewer homes on the market. Hancock, Johnson and Marion counties’ listings declined more than 15 percent, while Boone County showed the only increase, with one more house for sale this month than in March 2015.

The average sales price of a home in central Indiana rose for the third month in a row in 2016 to $176,245. Each county showed growth, except Hendricks County, where home prices declined approximately 1.9 percent, or $3,500. Shelby County’s average sales price increased more than $16,700, or 14.6 percent. The second-largest gain was in Madison County, where home prices grew 13.4 percent, or $10,600. Of the nine counties that F.C. Tucker tracks, Madison County recorded the lowest average sale price at $89,901, while Hamilton County netted the highest average sale price at $272,524. Year to date, home prices are approximately 2.7 percent ahead of 2015.

“It is a prime time to be a seller,” said Jim Litten, CEO of F.C. Tucker Company. “Sellers...

F.C. Tucker’s Carmel office will move to new Midtown development

INDIANAPOLIS – The Carmel office of real estate firm F.C. Tucker Company is excited to announce it will move from its current location at 1119 Keystone Way to the emerging Midtown development near 3rd Street SW and 1st Avenue SW in Carmel’s Arts & Design District. F.C. Tucker has signed a lease agreement with Old Town Development to occupy 15,000 square feet of the ground level of the new $33 million Allied Solutions, LLC, headquarters, expected to be complete by October 2017.

The new office space will house all of the Carmel office’s operations as well as a new mortgage center. Currently, 150 real estate associates work at the Carmel office, and the move to Midtown will allow F.C. Tucker to accommodate approximately 30 percent more associates than its current location.

“We embrace the live-work-play concept, where accessibility and connectivity matter to residents of a community,” said Jim Litten, CEO of F.C. Tucker Company. “We chose this location over other typical office space because it offers a vibrant sense of place and unique connection with the heart of the city. This is an exciting time for our company, and we look forward to being part of the energy Midtown will bring to Carmel.”

F.C. Tucker Carmel will occupy approximately three-fourths of the street-level space inside the five-story building. The space will feature many conveniences and amenities today’s real estate professionals need, including collaborative space, educational training space and onsite closing rooms. The new lobby will also feature a direct link to the Monon Trail. 

“We are delighted F.C. Tucker, Carmel’s largest residential real estate company, has chosen Midtown as their new home base for the city,” said Carmel Mayor Jim Brainard....