Indian Hill Road Resurfacing Projects in 2008

Between June 16, 2008 and August 8, 2008 the Village of Indian Hill will be resurfacing the following streets . You will probably wish to consider alternate routes when possible.

• Adams (Shawnee Run to Terminus)
• Camargo Pines (Camargo to Terminus)
• Drake (Arapaho to Camargo)
• Drake (Shawnee Run to S. Clippinger)
• Drake (Brill to Indian Hill)
• Finley (W. Corp. to Spooky Ridge)
• Hoffman Farm (Spooky Ridge to Terminus)
• Keller (Loveland-Madeira to Given)
• Loveland-Madeira (Various Locations)
• N. Clippinger (Shawnee Run to Tupelo)
• Tupelo (N. Clippinger to N. Terminus)
• Varner (Walton Creek to Drake)

Village of Indian Hill’s Water Supply Treatment Process

Source: Indian Hill Village Bulletin dated May 2, 2008

Indian Hill’s water comes from the Little Miami aquifer located near Milford and Camp Dennison. Indian Hill has nine wells. Each well has a depth range of 35 to 75 feet and produces water at a rate of 300 to 700 gallons per minute.

The 130th Community Memorial Day Observance

The 130th Village of Indian Hill Community Memorial Day Observance will be held at the Armstrong Chapel on Monday May 26, 2008 at 10:30 AM. Chip Nielsen will be presiding over the event and there will be musical selections performed by the Indian Hill High School Brass Ensemble.

Open Space and Parks Abound!

Indian Hill has over 10  fantastic parks for  residents to enjoy.  There are tennis courts, baseball and softball diamonds, soccer and lacrosse fields.  In 2002 the Village acquired a former gravel site, called Grand Valley.  Located in Camp Dennison, the 350 acre site has been the focus of a reclamation project to restore wildlife and natural beauty.  As a resident, you can get a pass to the park where you can walk the trails, go fishing or just watch the wild life.   You read about the parks in the Village of Indian Hill’s web site http://www.ci.indian-hill.oh.us/departments/public-works-parks.htm.  Enjoy 

Is the Real Estate Market Good or Bad?

Real estate is local.  Everyone understands that.  Yet, with all of the national media attention on the “National Housing Market” it is easy to lose site of how local real estate actually is.  I agree with Jonathan Miller that There is No National Housing Market and it is more important to focus on the market where you live and/or where you will be moving.

Village of Indian Hill Ohio Charter

Within the Village of Indian Hill Code of Ordinances, the City Charter defines the wishes of the community with regards to overall mission and structure of the city government.  For the purposes of those interested in purchasing real property within the Village limits I have extracted some points of note that may bear interest.

General Powers:

Even though Indian Hill can be considered a city because it is a legally defined government entity, with powers delegated by the state and county and created and approved by the voters of the city, the Charter states that it shall be a “body politic and corporate by the name of ‘The Village of Indian Hill’” (§1. General Powers).  Therefore, even though it is not technically a “village” it still retains the name of Village as its formal city name.

New Natural Gas Plan for Indian Hill Residents

Residents of Indian Hill now have more options when it comes to the pricing of the natural gas they consume. Through a recently signed natural gas endorsement service plan with Integrys Energy, the Village has provided residents an opportunity to receive a stable rate for their gas costs. With the current volatility in natural gas pricing, this voluntary plan is designed to help keep Village residents’ energy costs more stable. The Village will be mailing information on this program to residents soon.

Source: Indian Hill Village Bulletin

Indian Hill Real Estate Market Statistics - First 3 Quarters of 2007

There is so much data available between public record and the MLS that I can sometimes get bogged down trying to put it all into order.  Luckily, I have a stats package that allows me to analyze MLS data very easily.  The best way to use the stats package is to analyze the trends in the Indian Hill Real Estate Market.

The following graphs will show several market metrics for the first 3 quarters of 2007 (Jan - Sept.) as compared to the same 3 quarters last year and in 2005. Everyone hears about the “bad real estate market” these days and it is interesting to dig into the numbers and see where this negative press is coming from.  The first graph below shows the total number of properties sold in Indian Hill:

Mortgage Rates Drop to Five-Month Lows

Mortgage rates have fallen to lows not seen in five months, according to the latest weekly report from Freddie Mac. The average interest for 30-year fixed loans was 6.26 percent, compared to 6.33 percent a week ago; and this was the lowest level since rates averaged 6.21 percent during the week of May 17.

“Continued market concerns about weaker economic growth and further declines in the housing market have kept mortgage rates low over the last few weeks,” according to Frank Nothaft, chief economist at the mortgage finance giant.