December 30, 2014
DOUGH
Current in Noblesville
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Year in review – In 2014 the Noblesville Economic Development Dept. went before the Common Council with five competitive project approval requests. Total capital investment of real property (buildings) and personal property (equipment) on these five project wins was $101.23 million. Two of the projects were new attractions (Zevacor Molecular and Pro-gard Products) and three were expansions (ID Castings, LeMasters Steel Erectors and Pharmakon Pharmaceuticals). From left: Alaina Shonkwiler, Judi Johnson and Sarah Reed comprise Tbe projects have retained 202 the city's economic development team. The department is developing jobs and promised 185 more. The city welcomed 35 new busi- a new existing business retention/expansion program in 2015 called "Stay Here, Grow Here." (Submitted photo) nesses in 2014. They included: Vitamin Shoppe, JT Thomas Enterprises LLC, Rio Grande Fresh Mexican Grill, Wings Restaurant, V’s Pizza, Shelter Distribution, Anytime Fitness, Noblesville Orthodontics, Godby’s Furniture, Pharmakon Pharmaceuticals, Nova 29 office building, LA Fitness, Lings’s Oriental Martial Arts, Noblesville Kids Dentistry, Northpointe Pediatrics, Paxxal Pallets, Midwest Eye Institute, The Ville, Courtyard by Marriott, Americana Bank, 1st Signature, Jagger’s and at Hamilton Center: Charlotte Russe, Tucano’s Brazilian Grill, Vom Foss, Chuy’s Restaurant, Pandology, Crazy 8, Cookie Cutters, Perkin’s Restaurant, Neel Thredzy Spa, Yats and Noblesville Town Market (Shell station/Gandolfi’s New York Deli/Liquor store).
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GIVING BACK IS PART OF OUR FAMILY STORY.
WHAT WILL YOUR
STORY BE? Thanawala Family
Prices rise but market doesn’t Commentary by Jim Litten As a result of fewer homes on the market, average home prices in Central Indiana reached $176,863 in November 2014, a real estate 6.5 percent jump compared to November 2013. Available homes for sale in the nine-county region decreased 3.7 percent in November 2014 with 10,285 homes on the market, 395 fewer than in November 2013. In Hamilton County, 1,663 homes were listed for sale, a modest reduction of .5 percent compared to November 2013. Hamilton County is also among the areas reporting pricing gains in November 2014, with sales rising 6 percent to $267,635 from $252,515 from November 2013. • In Noblesville, the year-to-date average sale price in November 2014 climbed 2.1 percent to $213,033 from $208,670. • Of the pended home sales in Noblesville last month, two were priced $500,000 to $999,999; 10 were priced $300,000 to $499,999; 13 were priced $200,000
to $299,999; 37 were priced $100,000 to $199,999; and six were priced at $99,999 or less. • Homes in Noblesville are moving at a stable rate. Last month, homes stayed on the market 72 days, which is one less day compared to November 2013. • Inventory across the region is tightening. In Noblesville, 325 homes were on the market last month compared to 315 homes in November of last year. We expect the shrinking inventory to continue driving up prices and contribute to this seller’s market that we’ve been experiencing in recent months. We are still positioned to finish the year on a healthy note although sales appear to be sluggish compared to last year – the fourth best year in real estate history. Jim Litten is the president of F.C. Tucker Company. Comment on this article by e-mailing to editorial@ youarecurrent.com.
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