Property Management Blog

00:00 Westside Roundup Introduction
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All right, let's get into our westside roundup. All right, this is where the remaining energy I have is exhausted. Uh so let's let's jump into Avon, Plainfield, and Brownsburg. Uh and we we kind of group these uh areas up because so much of the data it almost mirrors one another. This covers the entire west side of the Indianapolis suburban market. Uh and um so we're going to we're going to blaze through these. So here's your uh westside roundup um in a minute. Here we go.

00:42 Avon Rental Market Update – June 2025
Number of active homes in Avon. And again, this is going to cover June 2025 uh market reports. So Avon number of active homes is at 48 completely unchanged uh month overmonth. Average rental price 22.95 which is up month over month almost 7% or 6 and 3/4. Uh average days on market is 30 which is up 42% but still uh still stellar. I remember reporting last month I believe they were all like in the 20s low 20s uh consistently across almost all three markets. one may have been a standout, but look at last month's if you're interested in that info. Average days on market is at 30. Average price per square foot is at a 101, which is uh which is down month overmonth. Um almost well just over 9%. Your single family homes graph there, but of course you have your apartments uh condos and town homes information there that you can uh you can read and consume. But jumping down to the single family homes graph there, it looks like we're we're staying pretty consistent with last year's uh information and the sneak peek into July, although hardly a sneak peek because we're only a couple days in, but uh looks like it might trend right along with with last year. So, we might see uh a tick down in our average rental rate um ahead of August. We'll uh we'll see what happens there.

01:58 Avon Sales Market Update – June 2025
Let's get into the sales information. June 2025 Avon sales information in your investor point of view. So, anything sells that sells for under the $500,000 price point. Average days on market is at 23, which is down over 50%. Average price per square foot is at 170. And your average sales price is ticking down 4% uh month over month, down 4%, just over four and a half% year-over-year. Uh and your number of homes sold is also down 14%. I can't wait to see if Plainfield and Brownsburg is going to stay consistent with this information. Uh the Westside Roundup could be leading the buyer market that I've been hearing so much about.

03:04 Brownsburg Rental Market Update – June 2025
Let's get into Brownsburg. Number of active homes and uh and and I'll wait before I give you an opportunity to speak on any of… Number of active homes 23 uh which is up over four and a half%. Average rental price 23.95 which is man up a uh a shocking 16% month overmonth. So, we're ticking up here for sure. Average days on markets at 24. Stellar, man. Westside is just a good place to be. Average price per square foot is up uh over five and a half% at a$1.13. You've got your apartments uh and condos and then your town home information uh just below, which town homes is blank. So, just focus on your apartments there. Uh single family homes graph there in the bottom lefthand corner. It looks like an exciting roller coaster at Kings Island. Uh you are all over the place. Uh but the good news is is that your days on market stays consistent. The only thing that's a man it's what a swing there too. 2100 all the way up to 2400 and then swinging back down. It's like it cannot decide what to do. Wild ride.

04:29 Brownsburg Sales Market Update – June 2025
Yeah. I wonder what's what's driving some of that information. But uh make sure you you stay in tune. We'll see if that line stays consistent come July. Again, that may look like a sneak peek, but it's not really. We're only three days in uh to to July, so that's that's not really reliable information. We're going to stick our eyes on only what's happening in June. We'll see what happens come come next month's market report.
Uh Brownsburg sales data. So, anything that sells under the $500,000 price point, average days on market is ticking down. Uh that we're saying seeing that consistent so far uh with the Westside. Average price up just a half of a percent. Average sales price uh sorry that's average price per square foot that is is up over uh just over half of a percent for $184. Average sales price ticking up here uh this is different than what we were seeing in Avon so this is up 2.8% uh but down year-over-year uh just over 1%. Homes sold, not as many homes selling. Month overmonth, we're down 25%. Uh and then your average sales price there, which looks like a consistent um consistent figure. Uh but just because it tends to kind of drag right along with last year. I mean, it's pretty close. This is uh this is stable. This is awesome. Number of homes sold graph there in your bottom right hand. So you can see if this market is right for you based on your budget and what homes are selling within that price point.

05:31 Plainfield Rental Market Update – June 2025
Now to wrap up our westside roundup uh our standout market and if I'm not mistaken it did kind of the same thing here. Plainfield is doing its best to kind of set itself apart. Number of active homes 34 up 30%. Average rental price down almost 12 and a half%. So, we're ticking down here in the uh in the Plainfield area. 2004, your average rental price point. Average days on market is at 46, which is ticking up just slightly. And this is higher than I'd like to see on the west side, I got to tell you. Um, yeah, we'll see. I mean, I mean, these numbers kind of speak to each other because you're looking at active homes, you're up 30%. Well, if when you have a surplus uh inventory, you are likely to see your rental rate kind of tick down uh to to meet the demand for that surplus. So that could be what's happening here. Your average days on market at 46, average price per square foot at $1.13.

06:44 Plainfield Sales Market Update – June 2025
Uh your apartments and condos and then your town homes uh information there for your consumption. Your single family homes graph in the bottom lefthand corner. Uh which is um again I mean it's pretty consistent with last year. It's not wavy like we were seeing in the Brownsburg market. Uh but that's an an awesome trend line so we can see where we line up with years past. And lastly, let's wrap this up with the sales data uh for June 2025 for the Plainfield area. Average days on market is at 42. You're ticking up considerably at 75% month over month. Average price ticking down 167 month over month. Uh down 2.34% year-over-year. Average sales price 331, which is down month over month, down year overyear. But the number of homes sold, man, talk, man, this is just different than every other market here on the west side. Homes sold is up almost 50%. So, you've got 55 homes sold. So, uh surplus of inventory if if um man, that definitely speaks to a surplus of inventory for sure. So, average sales price over time looks like we're starting to uh tick down right along the same time we did, maybe a month earlier than we did last year. And then the number of homes sold there and what price points they sold in the bottom right hand corner.

07:42 Market Wrap-up & Plainfield Discussion
Mike, what do you think?
Well, I think we may have to break off Plainfield from the Westside Roundup. It's kind of like uh being a little uh a little different than Avon and Brownsburg. Avon and Brownsburg kind of remain the same days on the market. You know, always good, but this is I think the second or maybe third month in a row that we're seeing like really increased days on the market. Uh you know Avon Brownsburg like what like high 20s low 30s and then uh Plainfield’s like 40s and um so I don't know it seems like maybe there's some softening in the uh in the Plainfield market. Could be could be some softening, could be some uh again surplus a lot of new construction may be happening but I know that those those that's also happening in Brownsburg and Avon too so uh it's it's nothing unique to the Plainfield area. This we're going to have to continue to watch and uh and maybe Great Plain. Maybe that's what they want. Maybe that's what Plainfield has been asking for. They're tired of being grouped in with the Westside Roundup. They want to be their own their own. We are their own. They are their own people, you know.
Yeah, they are their own people. Yeah. Well, we'll discuss that next month. We'll see what's up.
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