Boone County thriving during housing slump

Following is a copy of an article that was in the Nov. 15 issue of the Indy Star Zionsville edition regarding Boone County and how it's dealing with the housing slump:

Boone County thriving during housing slump
Realtor credits it to great schools, location to I-65, Anson development
By Robert Annis

While most of Central Indiana is caught in the nationwide housing slump, Boone County was one of two counties to actually show improvement, according to data compiled by F.C. Tucker Company.
Boone County's pending home sales in October rose 27.9 percent, while pending home sales throughout Central Indiana were 12.1 percent less than the same month last year.
Boone County reported 78 newly signed purchase agreements in October, as opposed to 61 during the same month last year. The homes are considered pending until the sales are closed.
Landa Matthews, the Zionsville manager of F.C. Tucker Co., said she isn't surprised by the statistic. She said her office and other Realtors in the area have had a good year in a down market.
"We've got a lot of great things there -- great schools, easy access to I-65 and . . . the Anson (development) coming in," she said. She said the large one-month increase could also be linked to a local production builder offering special deals on new homes, leading to five signed purchase agreements in one weekend.
Johnson County -- the second county to show improvement -- showed a 0.6 percent increase in pending home sales over last year.
On the other end of the spectrum, Shelby County posted the most significant drop in pending home sales in October. Shelby had 17 fewer homes pending this October, leading to a 36.2 percent decrease from 2006. Marion County had a decrease of 13.9 percent.


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