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Lafayette Indiana Real Estate Market News Update!

Monday, December 31, 2007
by admin
Hi everyone! Like I've mentioned, I want to make this blog the most valuable resource to you possible. So I will be posting regular market updates here. If you want to know what's going on in Lafayette and West Lafayette real estate, check here often or better yet, put this blog on your favorite news reader :)

Today, we have 6 new homes on the market, and 192 pending. Which means we already have almost 200 people buying a home in Greater Lafayette in '08! Remember guys, January 1st is when the market starts to heat up, so now is the time to buy and sell, for real. Everyone wanting to move in the Spring is now starting to look. Let us know if you have any questions!

We've had 3 price reductions on homes today, and we've put 5 more under contract. With the numbers currently available, we've closed exactly 3000 listings this year, ranging from a $3k lot to a $965k home. 2720 of these sold listings were single family homes. Last year, we sold 2884 single family homes. So in regards to the housing market, we're not noticing much of a slow down at all.

Contact us with any questions! I really want everyone to have a realistic picture of what our market is doing and what to expect for '08. We're here, as already, ready to go to work for you to acheive your goals!

Lafayette City Board Approves Tax Break for SIA

Thursday, December 27, 2007
by admin
This is a pertinent move by the city to aid SIA and it's 2800 Lafayette employees. The abatements would be for 10 years, on millions in real estate and $100M in new equipment. I thought this was an important article for everyone to read, as it directly affects Lafayette's job market....let me know your thoughts! 

Foreclosure Rate Not as High in Lafayette and West Lafayette?

Thursday, December 27, 2007
by admin
Please read this article, with quotes from Lafayette Board of Realtors president. She comments aptly on how the Lafayette market compares to what's going on around the country. Indiana real estate used to be towards the top of the list on foreclosures. We hear bad news about real estate everyday. Does this mean it's bad here too? If you look at the numbers, Lafayette real estate is solid, we're not in a bad market. Again, I just wanted to share this article with all of you. Let me know what you think!

Cathy Russell Visits the White House

Thursday, December 20, 2007
by admin

  I was overwhelmed and thrilled when my cousin Joni Hearne, who taught with Laura Bush in Austin,  called to ask me if I would like to attend a Christmas Party at the White House and meet the President and The First Lady.  It took me one nano-second to say YES! 

  Plans we made to arrive Monday to give us time to wind down (and make sure we made it on time).  We took the opportunity to tour Washington D.C. Of particular interest was the changing of the guard at the Tomb of the Unknown Soldier and witnessing a military funeral with the Marine Band and the horse drawn casket. It was a misty, cold, ominous day which added to the ambience of the scene. It made me appreciate even more what these men and women have done to preserve our country's freedom.

  That evening, we enjoyed a fantastic dinner with friends, Melinda Estridge and her husband Bob O'Toole who sell real estate for Long and Foster in the Chevy Chase area.  Melinda outdid herself preparing a gourmet meal for Joni, me and some other friends/distant relatives Mark and Debbie Neidig who have recently moved to the DC area.Dinner was followed by a vibrant conversation and CHOCOLATE!

  Tuesday we slept in a little and then had lunch at to Old Ebbitt Grill and then off to the Holocaust Museum!  Then home to ready ourselves for the big night! 

  THE BIG NIGHT...began with a security inspection ..of course..followed by the long walk to the stairs leading to the reception room donned with all the Christmas you have ever seen in your life.  As we entered the room, the Marine Corp Band played carols and military personal greeted us. It was like a combination of a winter wonderland and Cinderella's castle..which is who I felt like most of the night, always knowing that I was going to have to wake up at some point!

  From the reception hall we were allowed to roam freely in and out of all the rooms,  gazing at the ornaments Christmas trees, garlands..not to mention the awesome portraits and furniture ..which we were allowed to sit on!  At each end of the grand hall, off of which are the red room, green room, and blue room, are the East reception Hall and the State Dining Room.  Tables longer than you can imagine stretched from one end of the room to the other. Round tables displayed  the incredible pastries, including Christmas cookie cutouts of Barnie. Silver candelabras, crystal chandeliers,gorgeous woodwork and flowing valances at the windows made you know that this IS the President of the United States' home and we were there!

  Finally the time had arrived for us to meet the President and the First Lady.  I turned into a mush mouth when I was introduced to The President by the military person escorting me. I think I said something like " I am so excited to meet you ..I don't know what to say!"  and he graciously said " This is really fun isn't it?"  I think I whimpered out a "Yea"  and the President held my hand while the White House Photographer snapped our picture ( which I understand from my cousin that I will receive later - signed) We were then escorted to the China room and I immediately went to the ladies rest room! Yikes!

  It was the thrill of a lifetime something I will never forget and I am so thankful that my cousin invited me!

  We toured more the next day..going to the Mint, the Old Post Office with its great views, and the Air and Space Museum.

  It was a wonderful week! Here are some pictures I wanted to share with you...(I'm told the pictures of me and President Bush should arrive soon. I will post also as soon as I receive...)



Stone Ranch home for sale in West Lafayette Indiana!

Tuesday, December 18, 2007
by admin

 2101 Salisbury

Spectacular stone ranch home in West Lafayette. Very secluded with mature trees. Convenient to shopping, schools, churches and park.

 

New custom kitchen with plenty of counter space and cabinets. Both the family room and living rooms are nice-sized with the living room including a fireplace. Full finished basement has plenty of space for entertaining and has a nice kitchen/dining area. 2 bedrooms and a 3rd is possible by converting extended dining room back into a bedroom. Flooring consists of  carpet, vinyl, laminate and slate.  

 

Heated garage w/hot and cold water for gardens. Nice deck in the back with an electric awning. A must see...this could be the best buy in town!

 

Land for sale in West Lafayette that is an executive homesite with woods!

Friday, December 14, 2007
by admin

Abingdon

Fantastic spacious executive homesite overlooking the wooded valley below. Enjoy sunrises, moonlit nights, wildlife, & flowers. Build your dream home in West Lafayette Indiana.

Lot 1   4.974   Lot 2   4.626   Lot 3   4.755

Lot 4  4.501    Lot 5   3.810    Lot 6   4.303

Lot 9   2.080   Lot 10  2.413   Lot 1A  2.308

Lot 2A  2.023  Lot 3A  1.621

Gorgeous Executive homesites with ravines and creek frontage in West Lafayette for sale!

Friday, December 14, 2007
by admin

Abby Marle

Click below to receive restrictive covenants, plat map, and prices of lots. Gorgeous executive homesites with ravines and creeks frontage, perfect for walkout basements. Beautiful settings with mature trees, and private well.   

Lot 17   10acres

Lot 18   11acres

Lot 19   15acres

Lafayette Indiana home with basement and acreage with extra 4 car garage detached

Friday, December 14, 2007
by admin

4100 Eisenhower

Fantastic extra 4 car garage with Hvac, phone, TV, and Workshop! No Covenants with land, it is very seclueded. Bar area in basement, 16x13 L shaped off family room. Radiant heat in sunroom & workshop floor. 2 car garage attached to the home.

Cathy Russell Comments on the Lafayette Real Estate Market

Thursday, December 13, 2007
by admin
I wanted you to all know about a great article in the Journal and Courier where I was interviewed. I was given the opportunity to comment on the Lafayette real estate market. I was also interviewed by CBS Evening News for a televised report on the Lafayette real estate market. If you missed this, check it out on the links below! Let me know what you think :) 

Read an Article Where Cathy Russell is Quoted Regarding Lafayette Real Estate Market

Thursday, December 13, 2007
by admin
Check out this article published in the Journal and Courier. I was interviewed by CBS Evening News for a televised story on the Lafayette real estate market, and I was later quoted in Journal and Courier with my thoughts on the market as well. Check out the link below to get some good information on Lafayette real estate! Let me know if you have any questions :) 

Displaying blog entries 1-10 of 21

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Cathy Russell
The Russell Company
2522 Covington St.
West Lafayette IN 47906
(765) 426-7000
(765) 335-5588
Fax: (765) 497-1003
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