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How Can You Take Advantage of Central Kentucky Real Estate?

 
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Manage episode 167582184 series 1322350
Content provided by David Humes. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Humes or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Want to sell your Lexington Home? Get a FREE home value report.
Want to buy a Lexington Home? Search all homes for sale.

With the spring real estate market blooming here in Lexington, I thought this would be an opportune time to update you on what's going on in our local market. I'm going to be taking a brief look at how the market wrapped up in 2014 and how this will affect us in 2015.
  • At the end of 2014 we had 4,740 homes on the market, and at the end of 2013 there were 4,933 homes for sale. This means that the inventory is down this year.
  • We currently have 6 months of inventory, putting us in a neutral market that favors neither sellers nor buyers.
  • Average list price in 2014 was $183K, compared to $177K in 2013, which is a healthy amount of appreciation.
  • The average time on the market remained the same at 106 days, and the average list-to-sale price remained the same at 96%.
  • In 2014 we had 9,821 homes sell, and in 2013, 9,862 homes were sold.
  • The average sales price in 2014 was $175K, compared to $171K in 2013, and this also shows a healthy level of appreciation (around 3%).

Keep in mind that affordability is as high as it's been in a long time. We expect a lot of buyers to come onto the market this spring, and this scenario will be great for both buyers and sellers alike. You have a chance to move up into a nice home, or to buy a great starter home.

If you have any questions about the real estate market here in Central Kentucky, please don't hesitate to contact us. We're always willing to lend a helping hand to you.

  continue reading

10 episodes

Artwork
iconShare
 
Manage episode 167582184 series 1322350
Content provided by David Humes. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Humes or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Want to sell your Lexington Home? Get a FREE home value report.
Want to buy a Lexington Home? Search all homes for sale.

With the spring real estate market blooming here in Lexington, I thought this would be an opportune time to update you on what's going on in our local market. I'm going to be taking a brief look at how the market wrapped up in 2014 and how this will affect us in 2015.
  • At the end of 2014 we had 4,740 homes on the market, and at the end of 2013 there were 4,933 homes for sale. This means that the inventory is down this year.
  • We currently have 6 months of inventory, putting us in a neutral market that favors neither sellers nor buyers.
  • Average list price in 2014 was $183K, compared to $177K in 2013, which is a healthy amount of appreciation.
  • The average time on the market remained the same at 106 days, and the average list-to-sale price remained the same at 96%.
  • In 2014 we had 9,821 homes sell, and in 2013, 9,862 homes were sold.
  • The average sales price in 2014 was $175K, compared to $171K in 2013, and this also shows a healthy level of appreciation (around 3%).

Keep in mind that affordability is as high as it's been in a long time. We expect a lot of buyers to come onto the market this spring, and this scenario will be great for both buyers and sellers alike. You have a chance to move up into a nice home, or to buy a great starter home.

If you have any questions about the real estate market here in Central Kentucky, please don't hesitate to contact us. We're always willing to lend a helping hand to you.

  continue reading

10 episodes

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