Friday, February 29 2008
F.C. TuckerEmge Realtors are in the fore front when it comes to commercial and residential real estate in Southwestern Indiana. Every year, both the residential and commercial departments present the “State of Real Estate” for our area. This years discussions centered on the fact that the Tri-State does not follow national trends in real estate and that commercial real estate will continue a strong growth in the retail sector, and that residential real estate will work through the supply of a 10 month inventory and get closer to the norm of 6 to 7 month inventory. The real estate market should bottom out in the third quarter of 2008 and start on an upward trend. Thursday, February 28 2008
Even though this article points out that there is a slow down in the Tri-State real estate market, we are still positioned well compared with the national trend that is going on. What the article fails to disclose is that we currently have a 9 month supply of homes on the market compared to our usual 5 to 6 months. This over supply needs to work itself through the market and once this happens we can expect an over all improvement of the current real estate market. Even though there is a reduction in new construction permits, we do not know the price ranges of the homes that are being built. With the median home price of $ 112,000.00 for the Evansville market a new permit for a home in the
$ 500,000.00 range is worth close to 4 additional permits. Our predictions are that the markets will see an up turn in the third quarter of 2008.
Home sales drop in VanderburghSales of existing homes in Vanderburgh County took a big hit this January over a year ago, dropping by 26 percent. In Warrick County, sales dropped by 15 percent for the same period. One of the most discouraging statistics of all, however, was that of new housing starts in Vanderburgh County, which were down by 68 percent this January over a year ago. Yvette Dozier, a permit coordinator in the Evansville-Vanderburgh Building Commissioner’s office, said permits issued this January for the construction of single-family homes totaled 15, down 32 from January 2007. “We’re seeing fewer and fewer contractors coming in for the permits,” she said, blaming the slowed economy and rising construction costs. In Warrick County, there were 15 permits issued this January for the construction of new single-family homes, down 21 percent from a year ago, said Sherri Rector, executive director of the Warrick Area Plan Commission. According to statistics compiled by local appraiser Bob Reid for the Evansville Realtors association, a total of 132 existing homes were sold this January in Vanderburgh County, down 47 homes from a year ago. The picture was just as gloomy or gloomier across the nation where sales of existing homes fell for the sixth straight month in January, dropping to the slowest sales pace on record. Linda Jowers, president of the Realtors association, said figures provided by Reid showed the average sale price in Vanderburgh county dropped by six percent this January from a year ago. She said the average sale price this January was $102,847. The sale of existing homes in Warrick County this January totaled 39, down 15 percent from January 2007. The average sale price in Warrick was $188,436, a decline of less than one percent. Sales in Posey County this January totaled 14, up 16 percent from a year ago. The average sale price this January was $119,543, up four percent. Sales in Gibson County totaled 21 this January, down eight percent from a year ago. The average sale price was $113,147 this January, up 13 percent. Despite the slumps local Realtors said Tuesday that January is typically slow for sales in the area. Jowers said historically the market starts taking off in March and April. She couldn’t say for sure that will be the case this year, however. But she said she was hopeful. Jowers said potential home buyers and sellers typically spend January and February considering their options, including possible job transfers, or tax refunds or other aspects that could impact their budget or bring changes in their lives. “Those are the months in which people start preparing for a possible purchase or sale of a home,” she said. Jowers said she believed the Evansville and Tri-State market is “fantastically a good market” compared to some past markets in which she worked during her 34 years so far in real estate. She recalled times in the 1980s when the interest rate on a house mortgage shot to 18.5 percent. During another time in the 1980s, Jowers recalled, some area banks were hard-pressed to make new loans due to a weakened economy. Jowers said she believed shoppers today have good interest rates and good home prices in their Source: http://www.courierpress.com/news/2008/Feb/26/26web-Homes/ Wednesday, February 27 2008
Evansville Courier & Press Reports on New Lowe's Store The proposed new construction of a new Lowe's store on the north side of Evansville will surely result in additional employment opportunities in Evansville and at the same time fill the void of a large-scale home store on the North side. The Evansville Courier & Press has more information about this exciting new project that can be accessed by visiting http://www.courierpress.com/news/2008/feb/27/27web-Lowes/.
Wednesday, February 27 2008
Evansville Mayor's Traveling City Hall The Evansville Courier & Press released an update on Mayor Weinzapfel's 45th Traveling City Hall meeting which will be held Thursday night, February 28 at Plaza Park Middle School from 5.30 to 7 p.m. We have attended these meetings in the past and find them informative and constructive for an overview of issues relating to Evansville, Indiana. For more information about the Traveling City Hall, please visit http://www.courierpress.com/news/2008/feb/27/traveling-city-hall-week/ Wednesday, February 27 2008
Congratulations to Dr. Wooten for "Distinguished Hoosier" Award Youth First has been engaged for many years in the prevention of substance abuse amongst teenagers. This organization is relentless in their mission to provide young people with an alternative. Youth First depends on grants and donation and we are proud that the Evansville Area Association of Realtors has been helping them with donations. We congratulate Dr. Wooten on receiving the “Distinguished Hoosier” award from the Rotary Club, and we look forward to the progress they make.
Monday, February 25 2008
Evansville, IN Receiving Arts Recognition It is nice to see that Monday, February 25 2008
Three Local Schools Receive Downtown Optimist Foundation Grants The Downtown Optimist Foundation gives grants to three local schools. The foundation has donated more than $ 180,000.00 since it’s inception in 1921. For more information about the grants, please visit http://www.14WFIE.com/Global/story.asp?s=7921692.
Monday, February 25 2008
Evansville, IN Law Firm Named "Best Place to Work in Indiana" Evansville Law firm of Bamberger, Foreman, Oswald and Hahn, LLP, has been named “ The Trentini Team Monday, February 25 2008
Clean Up for Evansville's Jacobsville Neighborhood The EPA is getting closer to the clean up for Evansville's Jacobsville Neighborhood. The clean up will be quite costly and take years to complete. We are slowly getting were we need to be with this plan. To read the full article by the Evansville Courier & Press, go to http://www.courierpress.com/news/2008/feb/25/jacobsville-clean--plan-be-unveiled/. The Trentini Team Friday, February 22 2008
Berry Plastics was originally established in 1967 as Imperial Plastics and located in Evansville, Indiana, and has grown into a leading manufacturer of injection-molded plastic packaging, thermoformed products, flexible films and tapes and coatings. Berry Plastics has always supported local fund raisers and they continue to do so. We are fortunate to have Berry Plastics in Evansville. Click on the link below to read the full report from Channel 14 WFIE.
Berry Plastics launches new product with breast cancer's signature pink color http://www.14WFIE.com/Global/story.asp?s=7899262 Find more items like this at http://www.14WFIE.com Copyright 2008 WFIE Thursday, February 21 2008
Mexican leader to visit Toyota gift gives jump-start to UE engineering projects Historic Harleys Wednesday, February 20 2008
Center offers job, tax boost Culver's to aid Red Cross Tuesday, February 19 2008
The most important work you and I will ever do will be within the walls of our own homes. Harold B. Lee (1899 - 1973) http://www.quotationspage.com/subjects/home/ Tuesday, February 19 2008
Public invited to learn more about stadium options Additional Business Training Emergency preparedness upgrade in the works
Tuesday, February 19 2008
There are not too many nature preserve areas in Evansville. The construction of a nine-field baseball/softball complex would have negative impact on the preserve. Read the full article from Channel 14 WFIE by clicking on the link below. Evansville continues the tradition of giving and helping those in need. Read the full article from Channel 14 WFIE by clicking on the link below. By providing continuing education opportunities for those already working in the healthcare industry, giving support to university students in health-related disciplines, and encouraging students from kindergarten through high school to pursue careers in health care. Read the full article from Channel 14 WFIE by clicking on the link below. Friday, February 15 2008
Recent surveys indicate that worker productivity is the number one labor force concern during the site selection process. Productivity is an issue that is not taken lightly in Evansville. Words like pride, loyalty, and work ethic describe the local labor force. The Evansville workforce is one of the most productive in the nation. The Value Added per Hour in Evansville is $97.15 per hour, compared to $68.54 for the State of Indiana and $75.49 for the nation as a whole. ANNUAL WAGES IN
Friday, February 15 2008
Below are the workforce statistics for our tri-state area based on figures as of December 2007: Words like pride, loyalty, and a strong work ethic describe the Evansville work force, which is possibly the area’s most valuable resource. Toyota executives give glowing reports about the quality of the labor force. They have stated that the start-up of the Toyota Motor Manufacturing Indiana (TMMI) assembly plant has been the smoothest in company history. Evansville has one of the highest percentages of skilled and semiskilled production workers relative to the total workforce, as compared to surrounding states. Local employers give high marks to their workforce when it comes to measuring productivity levels. In addition, the annual employee turnover rate is less than 5 percent, and absenteeism rates range from 0-3 percent per month. These proud workers can trace their roots to a strong Germanic heritage, which has been part of Evansville for over 150 years. The Evansville area has a diversified economy. While manufacturing accounts for 20.6% of the jobs, the rapidly growing services sector employs 71% of the workforce. The Evansville Region's well-trained, highly motivated labor force now totals over 177,000. Because of the proximity of the surrounding counties, and ease of access to the Evansville area, businesses routinely draw from a labor force that lies within a 30-mile radius of their work site. Current Labor Force Data (Evansville Region, December 2007)
Friday, February 15 2008
The information below is for those of you interested in dance and dancing. Please call ahead to make sure there are no changes in the posted events: February 23, 2008 "DAY OF DANCE FOR HEALTH" February 24-March 16, 2008 "Y AREN'T YOU DANCING?" February 24, 2008 "NIA DANCERS" Friday, February 15 2008
Lights out after ice storm
With the latest bout of severe weather we will have the threat of local flooding. Home owners and business owners in flood prone areas need to be on a look out for any announcement from the National Weather Service. To learn more, read the full article using the link below. Thursday, February 14 2008
AmeriQual gets new MRE defense contract Insight will sell faster link to Internet
From the latest news on our weather, it seems that we might have more branches and trees fall due to high winds forecasted for Thursday. Let's hope the temperatures will rise before the wind arrives. To read the full article by Channel 14 WFIE, click the link below. With continued wintry weather we thought it would serve us all to read precautionary measures if you are caught in a winter storm. To read the full article by Channel 14 WFIE, click the link below.
Officials Advise Residents Not to Clear Ice From Trees. Monday, February 11 2008
Construction under way on new medical complexes C.J.'s Bus answers call to aid Ky. tornado victims Monday, February 11 2008
These are just a few of the attractions available in Evansville and Newburgh.
Check out the web page at http://www.evansvillechamber.com/UserArea/StaticPages/ThingsToDo.asp Downtown Evansville, Inc. has been an integral part of the success in the down town area. Check out the web page at http://www.evansvillechamber.com/UserArea/StaticPages/DowntownEvansville.asp Monday, February 11 2008
We are fortunate to live in the Tri-State where the cost of living, not only in housing, but also in other sectors is lower than the national average.
Housing choices abound in Southwest Indiana – and prices are easy on the wallet. In fact, median housing prices in 2006 for the Evansville area were $50,600 lower for existing housing than the national average. Options include restored Victorian homes with river views, new subdivisions, downtown loft apartments and high-rise condominiums. Officials say that homeowners relocating from around the country are often surprised at how much house they can buy for the money in Southwest Indiana. Source: Business Images of South West Indiana Monday, February 11 2008
I receive free news updates from Channel 14 WFIE, and I found a few articles that might be of interest to readers.
Update: Locations set for free document shredding event http://www.14WFIE.com/Global/story.asp?s=7823338 Evansville has several fitness centers and we are sure the new fitness center will compliment the ones already in existence. New fitness center will launch in Evansville this spring http://www.14WFIE.com/Global/story.asp?s=7843776 Find more items like this at http://www.14WFIE.com Copyright 2008 WFIE Saturday, February 09 2008
On Sunday, February 10, we are holding the condominiums at The Plaza Downtown open, from 1:00 to 3:00PM. Address: 101 SE Third Street. In addition, the following condominiums listed by our company will be open at the same time:
Friday, February 08 2008
Komen gives back more than $500K Vectren building power plant Toyota gives $100,000 to USI Business and Engineering Center Consultant: Downtown Stadium has funding advantages City hires new DMD director Friday, February 08 2008
This is a recap of homes that have sold in Area 1 - West of Hwy 41 to the Posey County Line
This is a recap of homes that have sold in Area 2 - East of Hwy 41 to the Warrick County Line
This is a recap of homes that have sold in Area 3 - Warrick County
This is a recap of homes that have sold in Area 4 - Posey County
Thursday, February 07 2008
AT&T economic development announcement today Mayor names four to Haynie's advisory panel Toyota reports 6 percent sales rise to 9.37 million vehicles
For more information, go to Evansville Courier & Press article below. Downtown may get office condos Daniels explains his tax proposal Pro bono spirit catches area lawyers Interstate 69 will be another vital connection for Tri-State Wednesday, February 06 2008
Donut Bank growing Menards opening in Princeton A Roundup of new or expanded business activity in the Evansville Area Wednesday, February 06 2008
High water closes local roads Vectren giving away home improvements Local sculptor's really big shoes grace Shoe Carnival's corporate offices Fantasy of Lights finishes strong | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
|
| ||||||||
|
|
The Trentini Team
PRIVACY POLICY
The Trentini Team is the sole owner of the information collected on this site. Neither The Trentini Team nor the team associates will sell, share, or rent this confidential information to others. Your privacy is the primary issue for The Trentini Team. CONTACT POLICY By submitting personal information such as name, address, phone number, email address and/or additional data, the real estate client/prospect consents that The Trentini Team or their authorized representative may contact client/prospect by phone, U.S. Postal System, or e-mail whether or not client/prospect is participating in a state, federal or other "do not contact" program of any type. Copyright© 2007 The Trentini Team, REALTOR®, All Rights Reserved.
|
