, Ryan ONeil Founding Member Real Estate Professional Viking Meadows Resident
Each office is independently owned and operated.
Circle Real Estate | 30 W. Main Street Carmel, IN 46032
c 317.697.3001 Ryan.ONeil@Circle-RE.com www.LiveInViking.com
Live Viking Meadows AUGUST 2023 | REAL ESTATE MARKET REPORT
O C
O'NEIL & COMPANY R E A LT O R S
Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | ©2023
Visit www.LiveInViking.com for current listings, community information, and more.
2023 SECOND HALF M A R K E T WAT C H
After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the market finally started normalizing late last year. However, home values have started rising again, for three months in a row.
SELLERS HAVE POWER DUE TO INVENTORY We’re still well below the five to six-month supply needed for a healthy, balanced market. This explains why bidding wars have returned; many buyers still have little choice but to bid up prices. The supply-and-demand equation simply won’t allow a price crash.
HOME PRICES ARE STEADY AND WILL RISE
BUILDERS DIDN’T KEEP UP WITH DEMAND
Prices are up by more than $100,000 since the pandemic began in March 2020. According to Rick Arvielo, head of mortgage firm New American Funding, “You’re not going to see house prices decline. There’s just not enough inventory.”
Never fully ramping up from pre-2007 levels, there’s no way for builders to move quickly enough to quench demand. Overbuilding looks unlikely, and while increased construction balances supply and demand, it won’t happen overnight.
Even in markets with lower prices, multiple-offer situations returned in
www.LiveInViking.com
PREPARED ESPECIALLY FOR
LEONARDO AND ANGELICA WASHINGTON
the spring buying season following the calmer winter market.” LEONARDO AND ANGELICA, If you’ve thought about selling, now is a great time to take advantage of the lack of inventory. Give me a call at 317.697.3001 and let’s discuss a strategy to help you move into your next dream home. Ostrowski, Jeff. “Is the housing marketing about to crash? What the experts are saying.” Bankrate, July 17th, 2023, https://www.bankrate.com/real-estate/is-the-housing-market-about-to-crash/
PRESENTED BY RYAN O'NEIL YOUR TRUSTED VIKING MEADOWS REAL ESTATE ADVISOR
, Ryan ONeil Founding Member Real Estate Professional
O C
O'NEIL & COMPANY R E A LT O R S
c 317.697.3001 Ryan.ONeil@Circle-RE.com www.LiveInViking.com
Live Viking Meadows Leonardo and Angelica,
VIKING MEADOWS ASSESSMENTS, AT YOUR FINGERTIPS P rov idin g Lo ca l , Ac c urate & Pers on alized S erv ice
If you would like your home featured in this publication and mailed to the Viking Meadows neighborhood, please call me today at 317.697.3001.
VIING MEADOWS HOMES CURRENTLY LISTED STREET NAME
BEDS
BATHS
EST. TOTAL SQ. FT.*
BASEMENT
LIST PRICE**
Silverheels Drive
4
3
2,600
No
$499,000
Falcons Fire Drive
5
4
3,500
Yes
$579,000
Racetime Road
5
5
5,400
Yes
$800,000
Shining Spring Drive
5
5
5,600
Yes
$1,350,000
VIKING MEADOWS HOMES CURRENTLY PENDING
YOUR TRUSTED RESOURCE: ◆ Personalized Home Assessments ◆ Viking Meadows Real Estate Trends and Information ◆ Simplified Property Searches
www.LiveInViking.com Leonardo and Angelica, When you are ready to list your home, this information and my local expertise will ensure we can maximize the sale value of your home. Call me today at 317.697.3001.
STREET NAME
BEDS
BATHS
EST. TOTAL SQ. FT.*
BASEMENT
LIST PRICE**
Silverheels Drive
5
5
4,600
Yes
$590,000
Viking Lair Road
5
5
6,100
Yes
$825,000
VIKING MEADOWS HOMES SOLD IN THE PAST 12 MONTHS ADDRESS
BEDS
BATHS
EST. TOTAL SQ. FT.*
BASEMENT
LIST PRICE**
SOLD PRICE**
SOLD DATE
15674 Viking Eclipse Court
4
5
4,800
Yes
$795,000
$840,000
07/24/23
15918 Harstad Drive
3
2
2,300
No
$420,000
$420,000
07/21/23
15759 Capital Spending Road
4
5
4,800
Yes
$685,000
$685,000
05/30/23
15943 Viking Warrior Drive
3
3
3,600
Yes
$510,000
$505,000
05/01/23
15565 Viking Crusader Court
4
4
5,600
Yes
$650,000
$670,000
04/14/23
15615 Viking Commander Way
4
4
4,200
Yes
$630,000
$650,000
04/10/23
15631 Viking Commander Way
4
4
3,700
Yes
$579,000
$565,000
02/10/23
700 Holly Lane Farms Drive
4
3
2,500
No
$415,000
$402,000
01/31/23
820 Holly Lane Farms Drive
4
3
4,900
Yes
$524,000
$500,000
01/20/23
15706 Viking Commander Way
4
4
4,900
Yes
$600,000
$605,000
12/09/22
910 Viking Sunrise Lane
4
4
5,200
Yes
$650,000
$648,000
11/28/22
16006 Viking Lair Road
5
4
4,800
Yes
$600,000
$588,000
11/16/22
Ryan O'Neil and Circle Real Estate are not in any way affiliated with Viking Meadows Home Owners Association, nor is this in any way an official advertisement or publication of Viking Meadows. © 2023 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Association of Realtors® (AOR) and MIBOR as well as property builders by location from August 9th, 2022 through August 9th, 2023. Listings and sales may not be those of Circle Real Estate. The MIBOR MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates numbers that have been rounded to the nearest 100. **Indicates numbers that have been rounded to the nearest 1,000.