Indy Treasure Hunt: Midcentury Modern Architecture

Open up any architecture magazine these days and it becomes quickly apparent that the Midcentury Modern movement has returned with a vengeance.



A Case Study in Midcentury Modern Architecture: 215 Williams Drive
With its flat planes, large glass windows and open spaces, Midcentury Modern reflects the ideals of a handful of mid-20^th century architects who believed that a forward-looking style could help bring about social advancement. Names like Richard Neutra, William Krisel, both of whom were trained by the legendary Frank Lloyd Wright, come to mind.

215 Williams Drive

One excellent example of Midcentury Modern can be found at 215 Williams Drive, on the north side of Indianapolis. Situated on a cul-de-sac lot in prestigious Williams Creek, this beautiful home exudes oneness with nature, with lofty trees and minimal disruption to the original landscape. Soaring walls of glass flood the rooms with natural light, minimizing the separation between inside and out, and stimulating the senses. These expansive panes of glass also permit light to enter the rooms from different angles. Magnificent in design and scale, the home’s interior is defined by extended geometric lines that boldly intersect at clean, right angles. One can easily imagine a room furnished with low-slung sofas and other modern accents. Even a vintage touch would work. Vaulted ceilings with exposed wooden beams provide a sense of loftiness. A bar area is perfect for entertaining the family and guests. The flat rooflines are one of the most distinctive characteristics Midcentury Modern architecture. It is not uncommon for homes of this style to exude modern ranch-style flare, with gable roofs. This property is currently listed at $600,000. Click here to see the listing.

Call Brittany Woods at 317-442-5509.

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Mooresville Home Sales Up 20 Percent in 2012

2012 was a good year for the Central Indiana real estate market, as towns and cities everywhere saw significant improvements in several key stats, particularly closed sales, pending sales and listings. As concerned Mooresville, there was a lot to like. For starters, the Mooresville market enjoyed a 20-percent increase in total sales as a total of 282 closings took place in 2012 compared to just 234 in 2011. Monthly, 24 closings took place on average in 2012 compared to 20 per month on average in 2011. From October through December of 2012, an average of 25 closings took place each month compared to just 16 per month during the final quarter of 2011. This equates to a huge, 56.3-percent increase. In all, there were 48 more homes sold in 2012 versus 2011.

Total pending sales were also up, as a total of 281 transactions were reported by year’s end in 2012 compared to just 237 at year’s end, 2011. This translates to an average of 23 pending sales each month, or 15 percent more, compared to this same quarter in 2011. Perhaps most striking was a 35.7-percent increase in the average number of pending sales reported during the last quarter of 2012 compared to this same quarter in 2011, or 19 versus 14 respectively.

As you are not doubt well aware, the market has suffered from an excess of inventory ever since the 2008 crash. Fortunately, the Mooresville real estate market saw a 7.6-percent decrease in the total number of homes listed for sale, as there were 1,878 homes on the market in in 2012 compared to 2,038 homes for sale in 2011. On average, there were 170 homes for sale per month for all of 2012, or 7.6 percent fewer, compared to 157 per month for all of 2011. In sum, there were 160 fewer listings in 2012 compared to 2011. And, from October through December of 2012 there were nearly 18 percent fewer homes on the market compared to the final quarter of 2011.

This report provided courtesy of msWoods.

Other Mooresville Real Estate Resources Online:

• Mooresville Homes for Sale
• Mooresville Info

View the complete, original report here.

Martinsville Real Estate Market Improves by 8 Percent in 2012

The Martinsville real estate market saw several statistical improvements in 2012 compared to 2011, even if the extent of these improvements was smaller compared to those of other nearby towns and cities in the Central Indiana area. While most Central Indiana markets underwent a decrease in the number of homes for sale in 2012 compared to 2011, the city of Martinsville saw no change whatsoever. The 2012, year-end total of 3,087 listings matches exactly the year-end total for 2011. In terms of averages, there were 257 homes listed per month for all of 2012 and 2011. However, from October through December of 2012 there were, on average, 250 homes for sale each month, or 0.8 percent more, compared to this same quarter in 2011.

One area of significant improvement came in the form of an 8-percent increase in the number of closings that took place in 2012 compared to 2011. The 2012 total of 326 sales represents a net increase of 30 compared to the 2011 total of 296. This translates to a monthly average of 27 sales per month for all of 2012 compared to 25 sales per month for all of 2011. Also, during the final quarter of 2012 there were, on average, 31 closings per month, or 29.2 percent more, compared to this same quarter in 2011.

The numbers for total pending sales also looked much better in 2012. A total of 341 pending transactions were reported in 2012 compared to just 296 2011. On average, 28 pending sales were reported each month for all of 2012, 7.7 percent more, compared to 26 per month for all of 2011. And, from October through December of 2012, there were on average 29 pending sales per month, of 45 percent more, compared to this same 3-month period at year’s end in 2011.
This report provided courtesy of msWoods.

Other Martinsville Real Estate Resources Online:

• Martinsville Homes for Sale
• Martinsville Info

View the complete, original report here.

Indianapolis Real Estate Market Much Improved in 2012

The Indianapolis real estate market was a reflection of the Central Indiana market as a whole, which is to say significant improvements were seen across a broad range of metrics in 2012 compared to 2011. Not the least of these improvements was a 14.7-percent increase in the number of homes sold, from 9,404 for all of 2011 to 10,792 for all of 2012. In terms of averages, a total of 899 closings took place each month during 2012 compared to just 784 per month during 2011. From October through December of 2012, an average 844 closings took place each month, or nearly 16 percent more, compared to this same quarter in 2011. The bottom line is that 1,388 more homes were sold in 2012 compared to 2011.

Total pending sales was an area of great improvement as well, as a total of 11,013 pending transactions were reported during all of 2012 compared to a total of 9,685 during all of 2011. This translates to a monthly average of 918, or 13.8 percent more, for 2012 compared to just 807 per month, on average, for all of 2011. In yet another analysis, there were 783 pending sales reported per month, on average, from October through December of 2012, compared to an average of 674 per month during this same period in 2011.

One of the most noteworthy stats came in the form of a 15.3-percent decrease in the total number of homes for sale in 2012 compared to 2011. In terms of hard numbers, there were 12,359 fewer homes on the market in 2012 versus 2011. And of the 68,317 homes on the market in 2012, 15,296 were new listings, or 22.4 percent. Contrast this to 2011, when there were 80,676 homes on the market, 16,969 of which were new listings, or 21 percent. On average, 1,414 homes were placed on the Indy market each month during 2011, compared to an average of just 1,275 per month during 2012. While the number of new listings represented a greater share of total listings in 2012 compared to 2011, this is only because there were so many more homes on the market during 2011.

This report provided courtesy of msWoods.

Other Indianapolis Real Estate Resources Online:

• Indianapolis Homes for Sale
• Indianapolis Info

View the complete, original report here.

Greenwood Real Estate Market Sees 25.3-percent More Homes Sole in 2012

Improvements in at least 3 major stats contributed to a Greenwood real estate market that was significantly improved in 2012 compared to 2011. In fact, the Greenwood market was among the most improved in all of Central Indiana. Starting with sales, a total of 1,245 homes were sold, or 25.3-percent more, compared to the previous year’s total of 997. An average of 104 closings took place per month in 2012 compared to an average of just 83 per month in 2011. During the final quarter of 2012 an average of 96 closings took place each month, or 37.1 percent more, compared to an average of 70 per month during the final quarter of 2011. In sum, there were 248 home homes sold for all of 2012 compared to the previous year.

Pending sales was another area of great improvement. The year-end total of 1,250 reported pending transactions represents a 22.4-percent increase in total pending sales compared to the 2011 year-end total of 997. On a per-month basis, there were 104 pending sales reported on average during 2012 compared to 2011. In yet another comparison, the average number of pending sales reported each month during the last quarter of 201 was up a significant 45.2-percent over this same quarter in 2011, or 90 versus 62 respectively. In all, a total of 229 more pending sales were reported for all of 2012 compared to all of 2011.

But perhaps the most significant stat of them all was a huge, 18.2-percent drop in the total number of homes listed for sale in Greenwood, from 7,976 in 2011 to just 6,526 in 2012. This translates to a monthly average of 544 in 2012 versus 665 in 2011. From October through December of 2012 there were, on average, just 465 homes for sale, or 19.4 percent fewer, compared to an average of 577 during this same quarter in 2011. Of the 6,526 homes for sale in 2012 a total of 1,601 came in the form of new listings. This represents a net difference of -143 versus the previous year.

This report provided courtesy of msWoods.

Other Greenwood Real Estate Resources Online:

• Greenwood Homes for Sale
• Greenwood Info

View the complete, original report here.

Greenfield Real Estate Market Sees 13.5-Percent Increase in Sales in 2012

The Greenfield real estate market saw a 13.5-percent increase in the total number of homes sold in 2012 compared to 2012. The year-end total of 509 sales equates to an average of 42 closings per-month in 2012 compared to an average of just 37 per month for all of 2011. Also, from October through December of 2012, an average of 44 closings took place each month, or 29.4 percent more, compared to this same quarter in 2011, when an average of just 34 closings took place per month. In all, there were 69 more homes sold in 2012 compared to 2011.

But total sales was not the only stat to improve. A total of 504 pending sales were reported for all of 2012 compared to just 440 for all of 2011. This equates to an average of 42 pending sales per month, or 7.7 percent more, compared to the 2011 average of 39 per month. Also, from October through December of 2012, there as a 34.5-percent increase in the number of reported pending sales relative to this same quarter in 2011. The bottom line is that 37 more pending sales were reported for all of 2012 compared to 2011.

One stat that really stands out is the one that most closely correlates to home prices: Namely, total listings. In 2012, a total of 3,358 homes were listed for sale, or nearly 12 percent fewer, compared 3,799 homes for sale during all of 2011. This translates to an average of 280 homes per month for 2012, versus 317 per month for 2011. The net difference was -441. Looking at the final quarter of 2012, on average, there were there were 258 homes for sale each month, compared to an average of 295 per month during this same quarter in 2011. This translates to 12.5 percent fewer listings. Of the 3,358 Greenfield homes listed for sale during all of 2012, 728 were new listings.
This report provided courtesy of msWoods.

Other Greenfield Real Estate Resources Online:

• Greenfield Homes for Sale
• Greenfield Info

View the complete, original report here.

Franklin Real Estate Market Saw 20 Percent Drop in Inventory During 2012

Improvements were seen in the Franklin real estate market, albeit not to the same extend as other nearby Central Indiana towns and cities. A total of 390 homes were sold during all of 2012, or 3.1 percent more, compared to a total of 381 for all of 2011. This translates to a monthly average of 32 sales per month, or 3.1 percent more, compared to 32 sales per month for 2011. Also, from October through December of 2012, there were on average 34 sales per month, or 11.8 percent fewer, compared to this same quarter in 2011. In all, a total of just 9 more closings took place in 2012 compared to 2011.

The year-end figures for pending sales were quite similar to our previous stat. A total of 396 pending sales were reported for all of 2012, or 3.1 percent more, compared to 388 for all of 2011. On average, there were 33 pending sales reported each month for 2012, and 32 per month for 2011. Looking at the last quarter of 2012, from October through December, there were on average 30 pending sales per month. This is unchanged from the average for this same quarter in 2011. The net difference was 8 more pending sales on the year.

But while our 2 previous stats were only modestly improved, a much greater improvement was seen in the total number of homes on the market. As is commonly accepted, the market has suffered from too many listings ever since the crash of 2008. Fortunately, there was a 20-percent drop in the number of Franklin homes listed for sale, from 2,697 for all of 2011 to 2,161 for all of 2012. This is great news for sellers as it translates to less competition. On average, there were just 180 homes on the market per month during 2012, compared to 225 per month during 2011. And of the 180 homes on the market each month, just 44 were new listings.

This report provided courtesy of msWoods.

Other Franklin Real Estate Resources Online:

• Franklin Homes for Sale
• Franklin Info

View the complete, original report here.