Just over 80,000 people call Carmel home, an increase of 120 percent since 2000. That growth stalled during the housing downturn, but the city is rebounding nicely through the summer of 2013. The average home sale price is at $331,225, down slightly from the year before. On the plus side, the average number of days on the market dropped to 65 and the sales price to list price ratio moved to 97.61 percent. June 2013 total home sales were 254, up from 197 year over year. Home ownership is at 76% and the rental vacancy rate is running 5.6 percent.
Carmel Area Tourist Attractions
The Indianapolis Motor Speedway, the Indiana Pacers and Indianapolis Colts, and the rest of the offerings of the capital city still draw the region's tourists. That said, Carmel is coming up with cultural alternatives that not only keep people at home when looking for fun, they also are drawing from surrounding areas. The Center for the Performing Arts is a three-venue facility that brings top-level stage productions to town. The Palladium is one of the three and is known for exceptional sound quality.
The Carmel Arts and Design District is in the heart of old Carmel and is somewhat eclectic and artful. Art galleries, antique stores, unique shops, and restaurants are all here. Pedestrian friendly and primarily open air, the idea behind the District is to move beyond the standard suburban model of anchor store and strip mall. Carmel also has Clay Terrace, which is a shopping center that could be called an upscale strip mall.
In spite of the current high median home price, Carmel is more than just expensive. Affordable neighborhoods weave their way among the higher-priced planned communities. Carmel has more roundabouts than any other city in America, which helps define many streets and offer separation. Here's a look at some of the main neighborhoods:
Woodland Springs: Woodland Springs is an active community with tennis courts, a club house, swimming, and even neighborhood competitive swim teams. Located between 106h and 116th near Keystone Avenue, it features a lake in the center. Every Fourth of July the HOA puts together a nice fireworks display over the lake.
Carmel City Center:On the opposite side of Keystone from Woodland Springs is the town center. You will find an area filled with older homes and established landscaping with leafy streets. The Mohawk Hills Golf Club is in the middle, and is fronted by condos and town homes. It's probably the best part of town to look for rent to own homes.
Carmel Arts and Design District:Just to the north of City Center is the future-looking Arts and Design District. It's a working community for artisans and performers with everything from stage performances to street acts. Old Town Carmel has been transformed from a sleepy bedroom suburb to a thriving arts district. Lofts, Condos, and upscale apartments are part of the living options.