Louisville Real Estate Trends
Are you curious about the Louisville Housing market? This year, the Louisville Real-estate Market is trending to surpass last year’s sales and increase in average selling price. Currently, Louisville Area home sales are +2.4% (Year to Date), with median price +7.5%.
According to the Greater Louisville Association of Realtors, over 8,600 homes have sold in the first 6 months of the year. Houses are spending less time on the market, averaging only 48 days! The time frame is even shorter in the summer, as the houses in June sold in an average of 38 days. The average sales price has increased over $15,000 over last year alone. There has never been a better time to sell, and Team Louisville has the experience and expertise to get you top dollar in little time. There is currently a 15% reduction in inventory of homes within the Louisville area, which...
The Kentucky State Fair is coming up (August 17-27, 2017), and we couldn't be more excited! Who doesn’t love a good fair!? The Kentucky State Fair offers so much to see and do! More than 600,000 fairgoers fill the 520 acres of indoor and outdoor exhibits, eat a smorgasbord of food and ride hair-raising, adrenaline-pumping coasters during the 11-day event. The Kentucky State Fair includes competitions in crafts, homemade pastries, fine arts, and agriculture. The event is also budget friendly, especially for families with young children.
Did you know the first Kentucky State Fair was organized in 1816!? The location has changed a few times, and the event has grown substantially. The State Fair now generates more than $15.3 million in economic impact across the Commonwealth! It's not surprising that the event is Kentucky's largest summertime attraction.
Real-estate inventory is at an all-time low, and buyers need to work quickly to purchase their next home. If you are in the market to buy, you may consider new construction. Here, I will highlight some areas with available new homes.
Persimmon Ridge by Pulte Homes allows you to customize your 3BR home starting at $369,900. This community is home to the Persimmon Ridge Golf Club and provides beautiful rolling hills and wooded scenery. You can enjoy the golf course, fitness center, swimming pool, tennis court, and dining facility. Click HERE to learn more.
Hanover Trace by Centex Homes offers six different designs with...
First-Time Home Buyers
If you are a first-time home buyer, use the guide below for helpful hints and tips and learn how to avoid common mistakes when buying your first home in Louisville, KY.
- Pre-Qualification: Meet with a mortgage broker and find out how much you can afford to pay for a home.
- Pre-Approval: While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved. You'll also avoid being disappointed when going after homes that are out of your price range. With Pre-Approval, the buyer actually applies for a mortgage and receives a commitment in writing from a lender. This way, assuming the home you're interested in is at or under the amount you are pre-qualified for, the seller knows immediately that you are a serious buyer for that property. Costs for pre-approval are generally nominal and lenders...
Tips for Moving with Toddlers
Congratulations! You’re on your way to a new home, which can be very exciting, and daunting, especially if you have toddlers in tow. I recently moved with 17 month old twins and while I stressed (read: panicked) prior to the process, it went pretty smooth and it really wasn’t bad. Read on if you’re looking for tips to make the move easier on the entire family.
LISTING YOUR HOME
Declutter BEFORE you list! If you have friends or family in town, ask to store boxes and/ or unnecessary toys and baby items for a month of two. If you don’t have family in town, you may want to consider using a storage unit. At the minimum, utilize storage space in your garage or basement, but keep your storage bins neat, clean, and uniform if possible.
Remove personalized items with your children’s names, school, or family information. Remove...