Indy Realtor's Blog: Carmel Real Estate

This coming weekend Carmel celebrates the 11th Annual Carmel International Arts Festival in the Arts District on Main Street and Rangeline.  There will be 155 artists exhibiting their art, music, food, and all types of entertainment for the whole family.  The festival admission is free and the festival runs both Saturday and Sunday from 10:00 am to 5:00 pm. 

If you have never been to the Carmel International Arts Festival, this would be a great to go and enjoy being a Carmel resident. It looks like the weather is going to cooperate and provide two beautiful days for the festival.  Last year, the festival drew over 30,000 visitors over the two day event.  There will be a variety of local food vendors to choose from in additional to the arts and…

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Forbes magazine has just rated Hamilton County the #1 best places to raise a family in the United States.  You can read the article here, but it basically says that with relatively low home prices, great schools, low crime and an easy commute Hamilton County rocks. 

It is true, Hamilton County is arguably the most desirable location to live in the entire Indianapolis area and the real estate values reflect this.  While other areas of the country and even Indianapolis are struggling; Fishers, Noblesville, Westfield and Carmel continue to trend upwards.  

The report does reveal that the rankings were skewed towards counties with great schools.  Hamilton County is renowned for its stellar schools system which is a major factor why it remains such a…

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Westfield Indiana just received a $900,000 grant from the state that the city will use to extend the Monon Trail from 161st to IN 32.  The Monon Trail in Westfield was just 1 in 28 similar projects around the state of Indiana to receive a total of $19 million in grants from the Indiana Department of Natural Resources. 

Westfield in hoping that the improved trails will lead to future growth and development of its downtown area where the Monon will intersect with an east-west trail, Midland Trace, which runs south of IN 32.  Westfield has already been planning on extending the Monon from the Carmel borders to 156th with work expected to begin this summer.  Eventually the city intends to extend the trail up to 216th street and add a loop from 161st street…

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The Indianapolis condominium market is about to become even more of a buyer’s market; with over 1,000 units either recently built or under construction competition is getting fierce and prices are being reduced.  This situation is not unique to the Indianapolis area as developers across the country face the same situation.  Many condo projects were started several years ago during the real estate boom and have yet to be completed leaving developers with unsold units and a changed marketplace.  While some condos are being converted to rental units, there is still a huge supply of condos on the market.  According the National Association of Realtors, the U.S. finished 2007 with enough condos to absorb 10 months of demand; and with more and more projects…

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Grandin Hall in Carmel is new community of 54 homes by the local builder Estridge Homes along 146th Street just west of Hazel Dell Road.  This charming community offers homes ranging from the high 500’s to just under one million dollars and is being offered by the custom branch of Estridge Homes.  Grandin Hall, while not a 100% custom experience, is about as close as you can get without going totally custom.  Estridge offers four unique floor plans and each of those floor plans has a choice of 5 very distinct elevations to choose from.  If you are considering a house, they will draw custom plans for you so that you can see what your home will look like once completed.  The home site is not included in the base price of the home and these can range from…

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The Village of West Clay in Carmel Indiana is an extremely unique, extremely diverse mixed use community that boasts a mind boggling diversity of architecture and is a masterpiece of community development. West Clay offers people looking for Carmel real esate anything from a quaint condo or villa, to an estate sized home worth well over $1,000,000. West Clay is still being developed and will be for the next few years so the sold data will not be 100% accurate; however the statistics are as follows:

 

  2006 2007 % Change Active … Read Full Post

The Lakes at Hazel Dell in Carmel Indiana is a very sought after community because of its great value, great schools, great location, and quality of homes. Carmel real estate usually outpaces the rest of Indianapolis and Lakes at Hazel Dell is another quality community that helps Carmel real estate remain at the top of the pack. Let’s take a look at last year’s numbers:

 

  2006 2007 % Change Active N/A 2   Homes Sold 10 … Read Full Post

The Bridgewater Club in Carmel Indiana is one the area’s finest luxury golf course communities.  Masterfully planned, the development boasts an unbelievable array of amenities including a fitness center, a full service restaurant, a 25 meter pool and much much more. 
As you will see in the numbers, Bridgewater has a very wide assortment of homes ranging from villas to multi-million dollar estates on estate sized lots. It is important to keep in mind that the Bridgewater Club is still being developed and most of the builder’s number will not be in here:

 

  2006 2007 % Change Active N/A 2   … Read Full Post