Buying and Selling on Morse Lake in 2019

Morse Lake Real Estate and Waterfront Homes

Looking to buy or sell a home on Morse in 2019?

The past year saw the upward trend of prices on Morse continue. It’s simple economics… supply is low and demand is growing. Breaking down the numbers on Morse from 2018…

Search Criteria #1–
•   Main body of water views from home (idle or non idle)
•   Navigable water (deep enough to boat most years)
•   Noblesville Schools
•   Average sales price for this criteria in 2018: $689,000
•   Highest sale price: $900,000
•   Lowest sale price: $580,000

Search Criteria #2 – 
•   Main body of water views from home (idle or non idle)
•   Navigable water (deep enough to boat most years)
•   Hamilton Heights Schools (Cicero/Arcadia)
•   Average sales price for this criteria in 2016: $558,000
•   Highest sale price: $847,000
•   Lowest sale price: $408,000

Average Sales Price in 2018 on Morse for homes with deeded docks (no view of the lake): $385,000
Average Sales Price in 2018 on Morse for homes on channels (dock but no open water views): $534,700
Average Sales Price in 2018 on Morse for open water homes: $615,000

SOLD in 2018

Unbeatable view from this South Harbour Home -SOLD in 2018!

Buying on Morse in 2019 will take a little strategy. Here are some tips that my clients have found successful!

Andy’s Tips for Buying on Morse:
·     Call me. I often know of homes before they hit the market and can get you in to take a look before anyone else even knows about the home! I sold many homes in 2018 BEFORE they were listed! Stay in touch with me.
·     Be ready and able to see a home within 6 hours of it being listed. Be flexible. Be ready to go. Many sell the same day they are listed.
·     Look at as many Morse Lake homes for sale as you can! The more you look at, the better prepared you will be when “the one” comes along.
·     Have a conversation with a mortgage broker now! You will need a pre-approval letter in hand to make an offer. Remember, hours matter. Be ready!
·     Don’t be afraid of multiple offers.
·     Be the back up offer if available. Deals fall through. Be next in line

I live on Morse, I play on Morse & I specialize my business on Morse!

Andy Sheets, REALTOR®
CENTURY 21 – Scheetz
317-373-3434
Andy.Sheets@Century21.com

Morse Lake’s Top Selling Realtor

Start your lake home search now! See all Morse Lake Homes & Condos Currently For Sale