Luxury Homes

Anderson Hall News!
Welcome new residents!

Grandin Hall News!
Last month we mentioned Grandin Hall in Carmel added Christina Templeton, New Home Consultant, to their team! You can contact Christina by calling 317.669.8700, or by emailing templetonc@estridge.net. Grandin Hall is currently offering the Estridge Build Your Neighborhood Promotion! For more information on this promotion, call Christina Templeton at 317.669.8700, or by emailing templetonc@estridge.net.
West Carmel loves Grandin Hall! Grandin Hall is responsible for 38% of homes sold, both new and existing, in West Carmel starting at $600,000. And to add to our existing repertoire of custom homes, Grandin Hall has introduced plans in the $495,000 range. Find out what all the excitment is about! Call Christina Templeton, 317.669.8700, today!
Two Grandin Hall Homes Now Available! There is a New Home Available at Grandin Hall! With over 6,000 square feet, including 4 bedrooms, 5 bathrooms, a 3-car garage and 1 1/2 stories on a finished lower level with a fabulous Lanai, this home is offered at $729,000. Plus, the Grandin Hall MODEL HOME is now available! This stunning home offers 6 bedrooms, 6 bathrooms, a 4-car garage along with spectacular finishes plus 7,255 sqare feet and an outdoor Lanai. The Garndin Hall MODEL HOME is now offered at $898,000. Call Christina Templeton, 317.669.8700, for details! Learn more about Grandin Hall here.

Heritage Hill News!
Heritage Hill in Avon would like to welcome two new homeowners! Two new Estridge homeowners at Heritage Hill closed in the last month on homesite 8 and 16! Welcome!
Other Heritage Hill News: The Estridge Inventory Home on homesite 39 is almost complete! Check it out today!
“We just started framing a gorgeous ranch design on homesite 12,” Michelle Cannava, New Home Consultant at Heritage Hill, said. “It looks great, offering homeowners (and those thinking about building or buying a home) a chance to stop in and see this design transform into a home!” Learn more about Heritage Hill here.


Highland Green News!
Highland Green in Brownsburg is currently running a referral program where the customer will get a $500 gift card at HOMExperience. Refer somebody today! This program will run through December 31. Learn more about HOMExperience here.
We mentioned last month Highland Green added Jeff Visscher as a New Home Consultant! You can contact Jeff Visscher by calling 317.669.8631 or by emailing visscherj@estridge.net.



Somerset Woods has five different designs currently in construction! Stop in to see these designs transform into homes! Contact Kelly Dillon, New Home Consultant at Somerset Woods, by calling 317.669.8624 or by emailing dillonk@estridge.net. Find more information on Somerset Woods here.


Whispering Pines in Avon is growing! This Estridge neighborhood currently has many homes under construction, including a new ranch design under construction at Whispering Pines homesite 111. Along with the new homes, new paved roads are now available for use at Whispering Pines! And their staff is growing. Whispering Pines would like to welcome Lauren Geisler, their new Sales Associate, along with Chase Miller, their new assistant builder! Questions about Whispering Pines in Avon? Contact Angela Line, New Home Consultant, by calling 317.669.8635 or by emailing linea@estridge.net. Learn more about Whispering Pines here.
 

Learn more about Estridge, central Indiana's hometown homebuilder since 1967, here. Check back here or become a friend of Estridge on Facebook for regular updates.
 

Check out BuilderOnline's take on Symphony, one of the largest developments ever in Indiana, an Estridge project currently in the zoning phase with the city of Westfield, Ind. Read a portion below, or the entire article here.

Estridge Moves Forward With $1.2 Billion TND; With 1,400 acres and more than 3,800 homes, Symphony is one of the largest developments ever in Indiana. - Alison Rice

July 22, 2010 - The housing downturn hasn’t curtailed the Estridge Company’s ambitions. This fall, the Carmel, Ind.,-based company plans to start breaking ground for Symphony, a traditional neighborhood development (TND) north of Indianapolis. At 1,400 acres and 3,860 homes, it will be one of the largest new-home developments ever in Indiana.

But Symphony will be notable for more than its significant size. Composed of a handful of “villages” linked by trails and roads, the $1.2 billion project in Westfield, Ind., will offer buyers and residents the chance to live in a community designed to bring together multiple generations: singles seeking urban density in suburban locations, sports-crazed families with minivans and soccer cleats; and aging seniors in need of continuing care.

“We want to model what new neighborhoods should be,” says Paul Estridge Jr., president of the Estridge Company.

Symphony seeks to accomplish that through an “intergenerational approach” that mixes housing types and prices across the development, rather than the customary “silo-ing” in many new-home developments, where the product offered only appeals to one market segment. Under that model, when housing needs change, buyers must move elsewhere, no matter how much they might love their community.

In the works since 2002, Symphony’s plans have evolved during the downturn. “It’s a blessing, because if we hadn’t have done this during a recession, we would have done [Symphony] on a quicker time frame,” Estridge says. “We would have missed the realization that we needed to be on a different track than we were on.”

“That’s the lesson of the recession,” says Brian Canin of Orlando, Fla., planning firm Canin Associates, which designed Symphony. “Before the recession, you could say, ‘I have the luxury of targeting just the $500,000 to $2 million market. Now we have to cater to the very broad spectrum of everyone who needs a house and put the money where it really works.” Read Alison Rice's entire article via BuilderOnline here.

Learn more about Estridge, central Indiana's premiere homebuilder since 1967, here.

In this report from IndyStar.com, the Indianapolis suburb of Fishers has been named to Money magazine's list of best places to live. This Hamilton County Town, which includes the Estridge neighborhoods of Anderson Hall (picture) and Somerset Woods, came in eight on this year's list, good news for homeowners looking to build or buy a home in Fishers.

Fishers ranks 8th in Money's Best Places to Live - Reported by IndyStar.com

July 12, 2010 - Indianapolis' suburb Fishers has been named a second time in the top 10 on Money magazine's list of Best Places to Live.

The Hamilton County town of 69,000 residents came in eighth on this year's list, after being 10th in 2008. The latest list is published in the August issue.

"This Indiana town offers a winning combination of low-cost houses (you can snag a three-bedroom for less than $150,000), easy access to the big city, and good schools," said the magazine's website. "Plus, Fishers is booming. Development abounds and fully 1,600 jobs were created here last year; major employers include Sallie Mae and medical device firm Roche Diagnostics."

The magazine ranked 746 towns with populations between 50,000 and 300,000, narrowing the list based on criteria such as housing prices, schools, safety, health care and diversity. Economic factors, the website said, carried the most sway.

The town's unemployment rate was put at 6.2 percent by the magazine, far below the state and national averages. And Fishers' job growth rate during the past decade, at nearly 41 percent, outpaced the "Best Places" average of 15.71 percent.

"Whether it's as a homeowner or a business, it's a safe place to invest," Fishers town council president Scott Faultless said.

Faultless credited Fishers' economic resilience to a combination of public safety, schools, parks and low taxes.

Fishers also has recently appeared on America's 25 Best Places to Move rankings by Forbes magazine in 2009 and the Best Affordable Suburbs in America list in BusinessWeek magazine in 2010.

"To me, it's a pretty good indicator that the core fundamentals are there for our community," Faultless said. Read the full article from IndyStar.com here.

Learn more about Estridge, central Indiana's premiere builder of custom homes since 1967, here.

The question seems simple: "How do I choose the right homebuilder for my family?"

• Custom Builders
• Production Builders
• Semi-custom Builders
   

The Kiplinger Letters provide concise weekly forecasts on business and economic trends, as well as what to expect from Washington. The Kiplinger Letters include The Kiplinger Agricultural Letter (agribusiness), The Kiplinger Letter (general business and economic trends), Kiplinger's Retirement Report (worry-free retirement) and The Kiplinger Tax Letter, among many others. Learn more about Killinger Letters, a great way to stay informed, here.

The June 28, 2010 Kiplinger Letter discussed how the recent housing recovery is real, and many Americans feel now is the "right time to buy" a home. Here's an excerpt from that letter:

The housing recovery is real and sustainable despite recent volatility brought about mostly by on-again, off-again tax incentives for home buyers.

There are three reasons we believe the recovery will continue:
House prices are very affordable. It now takes about 18% of the typical household income to meet principal and interest payments on a single family home, which compares well with the long term average of 26%.

Consumer confidence is improving. It doesn't drive all purchases by consumers, but it does play a role in expensive, long-term commitments. A recent survey by the Univeristy of Michigan found that about three quarters of Americans believe that this is "a good time to buy." The outlook is likely to stay positive.

And credit conditions will ease. Many lenders are still waiting for assurance that home prices are stabilizing, but the consensus seems to be moving in that direction. Credit will flow more freely as a result.

Learn more about Kiplinger Letters here. Learn more about Estridge, your hometown builder of custom homes since 1967, here.

Region posts April jump of 25% in existing home sales - reported by The Indianapolis Star on May 25, 2010

Existing home sales in the Indianapolis area continued an upward trend, rising 25 percent in April.

Statewide sales also rose 28 percent in April compared with last year, said the Indiana Association of Realtors, which released the sale numbers Monday afternoon. Median prices saw an increase of 13.7 percent.

This is the seventh consecutive month that there has been an increase in median prices over the previous year.

“April showed continuation of an expected spring surge due to the federal tax credit,” said Karl Berron, chief executive officer, in a statement. “While the increase in sales is positive, the best news is that inventory is trending down and there seems to be a broad stabilization in home prices, demonstrating that the tax credit did its job to preserve housing wealth."

In the eight-county metro area, 2,140 homes were sold in April, compared with 1,711 in the same month last year...

Read the entire Indianapolis Star article here.

Learn more about Estridge, the premiere builder of custom homes in central Indiana, since 1967, here.

30-Year Mortgage Rate Falls Slightly From Previous Year
By Rueters via CNBC on April 29, 2010

U.S. mortgage rates dipped in the latest week, a closely watched mortgage survey showed Thursday, with rates remaining at historically low levels that should bode well for the hard-hit housing market.

Lower interest rates on mortgages may buoy home loan refinancing activity, putting more cash into consumers' hands to funnel into the U.S. economy.

It also makes homes more affordable during the most important period, the spring selling season...

The federal government's $8,000 first-time home buyer tax credit and a $6,500 credit for home owners buying a new residence will soon expire. Eligible borrowers must sign contracts by April 30 and close loans by June 30.

Jim Gillespie, president and CEO of Coldwell Banker in Parsippany, New Jersey, said this has helped boost demand.

"The federal tax credits certainly helped the economy and the housing market overall," he said...

Read the entire article here.

Learn more about Estridge, the premiere builder of Central Indiana custom homes since 1967, here.

Spring has sprung in Estridge neighborhoods and all of the building is calling for new sections of homesites for new homeowners. In two popular Estridge neighborhoods, new sections were recently opened with unique and exciting homesites: Centennial at 146^th Street and The Orchards at Anderson Hall.

The New Irvington Section in Centennial at 146^th Street

Beautiful, tree-lined Centennial at 146^th Street, offers three distinctive collections of 2-story and luxury ranch homes. Now this great Westfield neighborhood, minutes from shopping in Clay Terrace in the heart of Hamilton County, is breaking ground on homesites in a newly opened Irvington Section, off of Ditch Road between Centennial and Centennial at 146^th Street.

“This new section of Irvington homesites is nestled on all sides by a landscape featuring mature trees and evergreens,” says Juli Hurdle, New Home Consultant for Centennial at 146^th Street. “Two cul-de-sacs connect this small, quiet neighborhood, and most homesites afford backyard privacy. Some homesites will accommodate a 3-car garage, a first for the Irvington Collection in Centennial, while all are designed with yard space that can be easily maintained. One of the most appealing features to homeowners is the privacy this section affords. This section of homes enjoyes a private entrance and the north end of the neighborhood is bordered by a nice berm with landscaping.” Irvington Collection homes are built from $280,000.

To learn more about the new section for Irvington Collection homes, visit the Irvington Collection Model Home at 1388 Sommerville Drive in Westfield or contact either Juli Hurdle at 317.669.7089, hurdlej@estridge.net or Tasha Swetnam at 317.669.8665, swetnamt@estridge.net.

Centennial at 146^th Street boasts a great location, incredible neighborhood amenities including a swimming pool, a cabana house, and a playground as well as tennis, basketball and volleyball courts, all in the heart of Hamilton County - Voted America's Best Place to Raise a Family by Forbes Magazine.

The New Orchards Section in Anderson Hall

Anderson Hall in Fishers has always offered their Orchard Collection of homes priced from $280,000 to $400,000. Now this great neighborhood has broken ground in the new Orchards Section!

“The new section has gorgeous tree-lined homesites along cul-de-sacs,” says Tisha Hinshaw, New Home Consultant for Anderson Hall. “They are very private homesites. Some sit on half an acre near large cul-de-sac green spaces, perfect  to play. Offering homeowners privacy, spacious backyards and great use of the surrounding green spaces - this new section is just beautiful!”

Conveniently located just minutes from I-69 and taking advantage of highly acclaimed Hamilton Southeastern schools, Anderson Hall is designed with gorgeous boulevard entrances highlighted with large limestone curved walls and colorful landscaping. The curving streets feature borders of trees and thoughtfully placed greenspace and lakes.

To learn more about this new section and reserve your homesite today, visit the Orchard at Anderson Hall Decorated Model Home at 13870 Sonrisa Drive in Fishers or contact New Home Consultants Kelly Dillon or Tisha Hinshaw at 317.669.8624 or dillonk@estridge.net or hinshawt@estridge.net.
 

Selected Estridge neighborhoods in Avon, Brownsburg and Franklin Township recently introduced a pilot release of the Ameritage Collection by Estridge. The Ameritage Collection features homes designed for the way you truly want to live today with the flexibility change with your changing lifestyle. Featuring jumbo garages, flex spaces, full lower levels and open living areas, this Collection of homes offers incredible opportunities with prices from $199,000.

 

The Robertson, a 2-story Ameritage home by Estridge, was introduced at Whispering Pines in Avon, Hession Fields in Brownsburg, Highland Green in Brownsburg and Edenwilde in Franklin Township on Monday, March 16^th. The design is unique as a new construction home from $209,900 in Hession Fields, featuring:

• Flex rooms off of the guest foyer, affordably personalized to the function you desire
• 21st Century Lifestyle Living Triangle between great room, harvest room & kitchen
• Central landing area removing the need for hallways and increasing the size of bedrooms
•  Luxury master bath with private water closet and spacious, organized walk-in closet
• Open lower level with space for multiple functions
• Jumbo garage features 2-car doors with 3-car square footage offers great storage! Create more space by personalizing up to a 4-car side-load garage!
•  A “kit of parts” to customize the traditional, elegantly detailed exterior with window trim, door surround, covered entry, dentil molding, carriage garage doors and more.

Interested in learning more about this home?

View the Robertson new home design.

Visit Whispering Pines in Avon and build your Robertson from $223,300.

Visit Highland Green in Brownsburg and build your Robertson from $230,000.

Visit Edenwilde in Franklin Township and build your Robertson home.

Visit Hession Fields in Brownsburg and build your Robertson home from $209,900.

Luxury home sales in central Indiana surged in February despite an overall decline in home sales, Re/Max of Indiana reported Monday morning.

A total of 33 homes in the nine-county area sold for more than $500,000 during the month, a rise of 43 percent from February 2009, when 23 homes in the highest-priced segment were sold.

"That was the first time we've seen a jump that big," said Eva Gribler, a Re/Max market analyst.  Re/Max agents believe the $6,500 tax credit for existing homeowners, plus the signs of increasing home prices pulled luxury buyers off the sidelines. The median price for the nine-county Indianapolis metropolitan statistical area was $106,100, up 8.8 percent in February 2009.

On HOMExperience Atmosphere: We felt that the atmosphere was chic, professional and comfortable. I also felt that everything was nicely laid out and organized.

On Custom Features: We built our first home with Estridge and we didn’t have nearly the options that we have with this home. This home definitely feels more like a custom home.

On Overall Experience: We have been extremely impressed with the Estridge sales and design staff. We worked with Jess, Laura, Janine, Josh, Mike and Molly and they were all EXCEPTIONAL! We would recommend Estridge to our family and friends.  

Read more comments from Estridge homeowners around central Indiana.

Neighborhood Open House
Saturday, March 27 and Sunday, March 28
Noon to 5pm
Irvington Decorated Model Home at
1388 Somerville Drive, Westfield, IN
Call 317.669.7089 for questions or visit www.estridge.com for directions.

Enjoy refreshments, catch up on the happenings at Centennial and tour six homes & townhomes under construction.

Plus, bring this registration form and receive a certificate for a free home decor gift at HOMExperience and enter to win a $100 gift certificate to Wood Wind Golf Club in Westfield.

-----------------------------------------------------------------------------------------------------

Why else should you visit Centennial this weekend?

Because it’s already a busy Spring at Centennial at 146^th Street in Westfield!

Over 8,000 neighborhood trees are budding, the neighbors are starting the Community Garden, the Bark Park is full of puppies ready to play, landscaping is beginning to take shape, and, most importantly, dirt is moving, and new Estridge homes are being built! View a photo tour of Centennial.

There are eight ranch and 2-story new homes and five 2-story Lockerbie Townhomes under construction at Centennial, Estridge's Westfield neighborhood!  

Stop in this weekend during the Neighborhood Open House and see what all of the excitement is about!  Plus, tour eight different Estridge luxury home designs in Westfield and witness Estridge quality throughout many different new home construction stages.

-          941A Irvington Ranch Home Decorated Model

-          Columbia Townhome Decorated Model

-          Getty 2-story Home Available for Immediate Move-in (Tax Credit Ready!)

-          Hanover Home Design at Drywall

-          Duke Townhome Under Construction

-          Columbia Townhome Under Construction

-          Amherst Townhome Under Construction

-          Emory Townhome Under Construction

Visit Rock Bridge, Estridge's popular Zionsville new home neighborhood, this weekend and enjoy a hard hat tour of the popular Coburn new home design currently under construction. Get a special preview of what's behind the walls of an Estridge home. 

Featured Hard Hat Home Tour
* The Coburn *
in Zionsville at
The Reserve at Rock Bridge
Sat. March 20 - Sun. March 21
Noon to 5pm
Lunch & Refreshments:
Saturday March 20 - Noon to 2pm

This Estridge 4-bedroom home design, released last summer, is extremely popular with Estridge homeowners due to its open design and distinguished architectural details throughout.

- VIEW COBURN HOME DESIGN -
Learn more about this popular Estridge home.

Highlighted features of the Coburn home design include:

• 10' main level ceilings
• Arched doorway and furniture niche greeting guests in foyer
• Open design with sight lines from foyer through to the back wall
• Varied window sizing and distinctive placement, such as three square windows in the dining room encouraging light and providing opportunity for dining room furniture placement
• Gourmet kitchen with granite countertops
• Upper level with central landing area and loft encouraging interaction between family on all home levels
• Walk-in closets in every bedroom
• Luxurious master suite with tray ceiling and feature garden tub
• Family foyer off of the garage organized with storage cubes, coat & bag wall and walk-in closet

So, why is  Fully Furnished & Finished a pilot release until January 10^th?

As an Indianapolis new home builder, and like many other organizations, we are constantly looking to better serve our homeowners and build them the home of their dreams. Our home décor store at Clay Terrace in Carmel, HOMExperience, provides us with the unique opportunity of working with homeowners throughout the full home design process - not only building their new luxury home, but furnishing it as well. This relationship presented us with a disconnect which some homeowners feel between the home they imagine themselves living in and the empty one they move in to.

We believe that we can better serve clients by providing them with a fully furnished new Estridge luxury home when they move in. But, we want to know what you think and what our homeowners think. This short pilot release allows us to get feedback from the greater Indianapolis real estate market to see how Fully Furnished homes better serves our homeowners needs. So, we invite everyone to join the conversation.

Visit www.fully.estridge.com to learn more, share your thoughts and provide feedback on how we can better serve our homeowners.