The seller wants this house sold and had reduced the price $22,000. It was custom built 4 years ago with only the finest materials. Seller has $545,000 invested and has reduced the price to $375,000. This home is in pristine condition as it was only lived in for 10 months.
This has the most open floor plan of any house in Louisville at this price point! You can see the complete description of 10610 Fairmount Falls Way in Louisville KY.
The kitchen has custom built cabinets with granite countertops. The custom built fireplace is a work of art. The master bath suite was engineered for a woman with lots of clothes. There is no carpet upstaris; it is all hardwood and ceramic tile.
Be sure to contact Tim Hollinden with ...
In our last blog, we talked about Absorption Rate and what it means. As a Louisville REALTOR, I can feel that we are in a buyer’s market, but what about analyzing this?
In the last 60 days, there has been 1104 single family homes closed in Jefferson County, KY. This would give us an absorption rate of 552/month. This equates to a 10.6 month supply of homes if sales continue at this rate and no new homes are put on the market. By anyone’s definition, this is a buyer’s market.
Condo sales in the last 60 days have totaled 161 in Jefferson County. We have an Absorption Rate of 80.5 per month. Using our calculator, we come up with an 18.8 month supply. WOW!
Focusing on a particular area is important as the old adage of “Real Estate is local” certainly applies. The ...
You may have heard about absorption rates in real estate and wondered how this applied to the Greater Louisville KY area. First we need to define Absorption Rate and how Absorption Rate is calculated.
Absorption Rate is the rate at which homes are absorbed into the market. It could also be expressed as the number of months or weeks that it will take to clear the current inventory of real estate listings. A low Absorption Rate would indicate that homes are slow to sell and therefore, slowly absorbed into the market. A high Absorption Rate would be the opposite. The bottom line is that we are weighing supply and demand in the current housing market.
To calculate the Absorption Rate, we would to determine how many active and pending listings are available in a certain area, price range, etc. We use “pendings” as well, because they have...
The three local Keller Williams Real Estate offices combined forces for the annual Kentucky Derby Bed Race on May 2nd. This was the first time that Keller Williams has competed even though the race has been conducted here in Louisville, KY since 1990. This is the first time that the races were held at the KFC Yum! Center.
These races are termed a “zany affair” and they certainly fit the description. We started in the “Dormitory” under the Second Street Bridge. At that point, we were able to see our competition up close and enjoy the camaraderie. The competitiveness here is good natured to say the least. The Keller Williams bed had its safety inspection about 4:30. I wonder if this was analogous to a “Home Inspection in Louisville”? The Keller Williams Home bed passed the inspection with no repairs needed.
The weather was tough with rain and temps in the mid-50s. At 5:00 we started the procession...