Listings are Down, and that’s a GOOD thing!

Over the last two weeks listings have been down, and that’s a good thing!  With inventory in the 11 month range (6 months is healthy) over the past several months this is hopefully a sign that the market is evening out a bit.  Sales are still a little down, but I’m optimistic for the Spring market.  Here are the stats……….

LISTINGS	Residential (Single Family & Condo)
March 10 -16, 2008	592
Last year	701
SOLDS
March 2 - 8, 2008	205
Last year	263

Statistics

LISTINGS	Residential (Single Family & Condo)
March 3 -9, 2008	617
Last year	749
SOLDS
Feb. 24 - March 1, 2008	293
Last year	331

Stats: Listings Up, Sales Down!

It’s most definitely still a buyers market.  If you have your home listed or are considering listing, make sure that it is priced correctly and market ready in terms of deferred maintenance and overall “curb-appeal”.  Properties that are not priced right, in good condition, and in a good location are sitting!  With that, last weeks statistics…………..

Statistics

LISTINGS	Residential (Single Family & Condo)
Feb. 18 - 24, 2008	557
Last year	529
SOLDS
Feb. 10 - 16  , 2008	173
Last year	245

Mayor Announces Foreclosure Helpline: 211

As I mentioned last month, Louisville Metro is teaming up with the Metro United Way and their emergency telephone number, 211, to provide counseling to those who may be facing foreclosure in Metro Louisville.  I attended Mayor Abramson’s press conference on Tuesday, representiong the Greater Louisville Association of Realtors who will be providing about 15 members to help answer phones during the two day kickoff on February 21st & 22nd.  For more info, go to: http://www.louisvilleky.gov/foreclosure.htm

Statistics from Feb. 11-17, 2008

Statistics

LISTINGS	Residential (Single Family & Condo)
Feb. 11 - 17, 2008	571
Last year	590
SOLDS
Feb. 3 - 9 , 2008	148
Last year	175

 

Good Year So Far

With a month behind us, we (Breland Group Realtors) are doing very well!  We’re seeing a lot of new listings, and more importantly, pending and sold listings.  One reason may be our focus on personal marketing for our agents, specifically to their sphere of influence.  Our weekly “Marketing Meetings” have been well attended.  With that, here are the statistics for the Greater Louisville Association of Realtors……

Statistics

LISTINGS	Residential (Single Family & Condo)
Jan. 14 - 27, 2008	1380
Last year	1239
SOLDS
Jan. 6 - 19, 2008	380
Last year	386

 

Weekly Market Update

Here are the statistics for the week of January 14th, 2008. 

LISTINGS	Residential (Single Family & Condo)
January 7 - 13, 2008	671
Last Year	710
SOLDS
December 30, 2007 - January 5, 2008	161
Last Year	167

This Weeks Stats

Once a week I’ll post the weeks MLS activity as reported by the Greater Louisville Association of Realtors (GLAR).  The following is the activity for the weeks of December 17 - 23, 2007 and Dec. 24 - 30, 2007.

Statistics 

LISTINGS	Residential (Single Family & Condo)
December 17 - 23, 2007	374
Last Year (same time frame)	369
December 24 - 30, 2007	235
Last Year (same time frame)	249
December 31, 2007 - January 6, 2008	565
Last Year (same time frame)	564
SOLDS
December 9 - 15, 2007	248
Last Year (same time frame)	251
December 16 -22, 2007	242
Last Year (same time frame)	284
December 23 - 29, 2007	152
Last Year (same time frame)	176

 

Foreclosure Help on the Way?

On Thursday, January 3^rd, I met with Kimberly Bunton who is the Director of Housing and Family Services for Louisville Metro.  The purpose of the meeting was to see how the Greater Louisville Association of Realtors (GLAR) might assist and/or team up with city government to help those families that are or may be affected by the effects of foreclosure in the Louisville area.  Ms. Bunton indicated that Mayor Abramson is aware and concerned that while Louisville has been somewhat insulated from the foreclosure epidemic, as compared to many other large cites, the fact remains that foreclosures are up 100% in the past year with over 3,000 homes being sold through the Jefferson County Circuit Court Commissioners Office.  Currently the city has a pilot program that offers those in need up to $5,000.00 in assistance to either help catch them up on their mortgage or help with the costs associated with refinancing their home, however, many times this option will not be possible.  This current program is sort of a pilot program and has not really been “advertised”, according to Ms. Bunton.  A working meeting is scheduled for January 8^th to put together a more comprehensive game-plan for implementation and expansion of the program.  I will attend along with Nelson Collins, President of GLAR. I’ll let you know how it goes. Take care, Lamont 

New Year, New Blog

With the real estate market changing so much over the last year or so, I am often asked “How’s the real estate market doing”?  So, this blog is an effort to keep us all up-to-date this coming year.  Let us kow your thoughts, experiences, and or predictions for the months ahead and I’ll supply my mine as well.  I’ll also share some statistics, articles, pictures, and other interesting stuff.  And regarding the real estate market, always remember that just because the weather is rainy and cold in Seattle (or anywhere else), doesn’t mean it’s the same in Louisville.  The point is, all real estate markets are different and we can’t rely on national news stories to inform us on how things are in our own hometown.

Happy New Year!

Lamont