Shepherdsville, KY

Shepherdsville Real Estate Market Report

This report analyzes property sales trends for Shepherdsville homes over the last few months and versus the same time period last year. The report includes number of Shepherdsville homes sold, average listing price, average sales price, days on market (DOM), and current inventory.

The MLS includes properties for sale in Fox Chase, Hebron Estates, Hillview, Hunter's Hollow, Pioneer Village and Zoneton as Shepherdsville homes.

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Key Points

1. Sales continue to be off by 20% from last year. That being said, inventory has been held in relative check as many sellers are keeping their homes off of the market.
   
2. Investors and First Time Home Buyers continue to represent a large portion of the Shepherdsville Market. Personally, I am working with 3-4 first time home buyers who are looking in the Shepherdsville area. These are qualified buyers who want to take advantage of the $8000 tax credit.
3. The jump in sales price is neither a trend nor a real anomoly. Five (5) homes sold for over $250,000 last month. While this is great, the average sales price for the year continues to be down.
4. Shepherdsville sellers have to be realistic about comparable home sales in your neighborhoods. While most homes are holding their value, few are appreciating at any significant pace. When you are ready to sell, find a knowledgeable Bullitt County Real Estate Agent who can help you price, prepare, and promote your home.

More Market Reports:

Bullitt County Homes

Mt Washington Homes

Louisville Homes - Area 7 - Ferncreek, Jeffersontown (J-Town)

Louisville Homes - Area 8 - Douglass Hills, Hurstbourne, Middletown

First Time Home Buyer Tax Credits for Shepherdsville Home Buyers

$8000 Tax Credit - Get an $8000 Tax Credit on your 2008 or 2009 Tax return when you buy a home.

$4500 Down Payment Assistance - Get Down payment Assistance money through KHC.

$8000 Tax Credit Amended - Find how how to use the Tax Credit for a portion of your downpayment

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Erik Hitzelberger is a licensed REALTOR with RE/MAX Alliance in Louisville. If you need a Bullitt County Real Estate agent please email me or call 502.921.3989.

I specialize in the following areas of the Metro Louisville Area: Prospect, Middletown, Jeffersontown (J-Town), Fern Creek, Okolona, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley. Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search for Bullitt County Homes

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Shepherdsville investors and first-time home buyers are coming out of the woodwork and snatching up homes. With low interest rates, great selection and incentives for first time home buyers, the message has started to get out. Now is a great time to buy Shepherdsville Homes!

I was contacted by a young couple early last week who were interested in seeing homes. Due to his work schedule, Saturday turned out to be the best time to go looking. Over the next few days, we emailed properties back and forth to confirm an itinerary.

What was easy a few months ago, has suddenly become a little difficult. Despite the fact they had only been looking for a couple of weeks, four of the seven properties they initially sent were pending. During the course of the week, three other properties received offers.

When Saturday finally arrived, we had seven homes to see including one short sale and one foreclosure with offers that had been submitted but not approved. I was very pleased at the condition of the homes we saw. With the exception of the short sale and the bank-owned home, each was in pretty good shape. Sellers in Shepherdsville seem to be in touch with the market conditions as well.

The flurry of activity didn't stop long enough for us to even finish our tour. While we were out, a listing agent called to tell me her clients just received a contract.

If you are considering buying a Shepherdsville Home, I suggest you get serious. While sales have been soft for the first few months of the year, there are signs the market is improving. Call a lender, get pre-approved and let's find your dream home. If you would like, I'd be more than happy to refer you to a reputable lender.

Search for Shepherdsville Homes

Search the entire Louisville MLS

Programs available to First Time Home Buyers in Shepherdsville

• $4500 Down-Payment Assistance

• $8000 Tax Credit

Related Links

• Jack be Nimble, Jack be Quick- Act quickly if you want to buy an REO home.
• How to buy a Foreclosure
• Why you should buy an investment home now
• Shepherdsville Real Estate Market Report

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Erik Hitzelberger is a licensed REALTOR with RE/MAX Alliance in Louisville. If you need a Shepherdsville Real Estate agent please email me or call 502.921.3989.

I specialize in the following areas of the Metro Louisville Area: Prospect, Middletown, Jeffersontown (J-Town), Fern Creek, Okolona, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley. Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search for Shepherdsville Homes

Get Updates in a Reader

Get Louisville Real Estate News by Email

Shepherdsville Real Estate Market Report

This report analyzes property sales trends for Shepherdsville homes over the last few months and versus the same time period last year. The report includes number of Shepherdsville homes sold, average listing price, average sales price, days on market (DOM), and current inventory.

The MLS includes properties for sale in Fox Chase, Hebron Estates, Hillview, Hunter's Hollow, Pioneer Village and Zoneton as Shepherdsville homes.

Search for Shepherdsville Homes

Key Points

1. The average sales price of Shepherdsville homes is about 10% below last year. This does not necessarily reflect depreciation of homes. Instead it is driven by investors buying short sales or foreclosures and first-time home buyers taking advantage of the $8000 tax credit.
2. Average Days on Market is significantly lower than previous months or years. Again, investors and first-time home buyers are driving a lot of this. If you find a house you like, don't expect it to stay on the market long.
3. Shepherdsville sellers have to be realistic about comparable home sales in your neighborhoods. While most homes are holding their value, few are appreciating at any significant pace. When you are ready to sell, find a knowledgeable Bullitt County Real Estate Agent who can help you price, prepare, and promote your home.

More Market Reports:

Bullitt County Homes

Mt Washington Homes

Louisville Homes - Area 7 - Ferncreek, Jeffersontown (J-Town)

Louisville Homes - Area 8 - Douglass Hills, Hurstbourne, Middletown

First Time Home Buyer Tax Credits for Shepherdsville Home Buyers

$8000 Tax Credit - Get an $8000 Tax Credit on your 2008 or 2009 Tax return when you buy a home.

$4500 Down Payment Assistance - Get Down payment Assistance money through KHC.

* * * * *

Erik Hitzelberger is a licensed REALTOR with RE/MAX Alliance in Louisville. If you need a Bullitt County Real Estate agent please email me or call 502.921.3989.

I specialize in the following areas of the Metro Louisville Area: Prospect, Middletown, Jeffersontown (J-Town), Fern Creek, Okolona, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley. Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search for Bullitt County Homes

Get Updates in a Reader

Get Louisville Real Estate News by Email

Shepherdsville Real Estate Market Report- This report analyzes property sales trends for Shepherdsville homes over the last few months and versus the same time period last year. The report includes number of Shepherdsville homes sold, average listing price, average sales price, days on market (DOM), and current inventory.

The MLS includes properties for sale in Fox Chase, Hebron Estates, Hillview, Hunter's Hollow, Pioneer Village and Zoneton as Shepherdsville homes.

Search for Shepherdsville Homes

Key Points

1. Average price is significantly below last year. This is driven by investors and those taking advantage of the $8000 first-time home buyer tax credit.
2. Average Days on Market is significantly lower than previous months or years. Again, investors and first-time home buyers are driving a lot of this. If you find a house you like, don't expect it to stay on the market long.
3. Shepherdsville sellers have to be realistic about comparable home sales in your neighborhoods. While most homes are holding their value, few are appreciating at any significant pace.

More Market Reports:

Bullitt County Homes

Mt Washington Homes

Louisville Homes - Area 7 - Ferncreek, Jeffersontown (J-Town)

Louisville Homes - Area 8 - Douglass Hills, Hurstbourne, Middletown

* * * * *

Erik Hitzelberger is a licensed real estate agent with RE/MAX Alliance in Louisville. If you need a Shepherdsville Real Estate agent please email me or call 502.921.3989.

I specialize in the following areas of the Metro Louisville Area: Jeffersontown (J-Town), Okolona, Fern Creek, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley. Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search for Shepherdsville Homes.

Shepherdsville Real Estate Market Report- This report analyzes property sales trends for Shepherdsville homes over the last few months and versus the same time period last year. The report includes number of homes sold, average listing price, average sales price, days on market (DOM), and current inventory.

Despite the fact that Fox Chase, Hebron Estates, Hillview, Hunter's Hollow and Pioneer Village are incorporated, home sales from these areas are generally included with the Shepherdsville home sale data. This month's results are shown in the chart below.

Comments and Analysis

January sales were low by most standards. However, the increase in average price over the last couple of months was a good sign. This indicates that home buyers, beyond investors, closed on Shepherdsville homes in January. Additional good news can be seen with the DOM (Days on Market statistic). A low DOM indicates that sellers who price their Shepherdsville home correctly from the start have a reasonable expectation of getting the house sold.

Note: Don't be alarmed by the huge discrepancy in price from last year. In January 2008, one property sold for $1.5 million. This sales skews the data substantially.

See Also: Bullitt County Real Estate Market Report ~ Jan 09

Three Reasons to Buy a Shepherdsville Home Right Now

1. Selection - Fifteen months is well-above the balanced market level (6 months)
2. Affordability- Good pricing and historically-low interest rates combine to make home ownership more reasonable than renting.
3. Tax Credit -Buyers can get a $7,500 tax credit on the purchase of a Shepherdsville home as long as you haven't owned a home in the last 3 years. Additionally, the Senate has added an amendment to the 2009 Economic Stimulus package that makes a $15000 tax credit available to ALL home buyers in 2009.

See Also: Price Doesn't Matter to Buyers and Create your own Success Story

Three Keys to Selling your Shepherdsville Home Right Now

1. Price it correctly the from the start
2. Prepare your house for sale before you list it
3. Promote your home where buyers can find it

See Also, How to Promote your Shepherdsville Home online

* * * * *

Erik Hitzelberger is a licensed real estate agent with RE/MAX Alliance in Louisville. If you need a Bullitt County Real Estate agent please email me or call 502.921.3989.

I specialize in the following areas of the Metro Louisville Area: Jeffersontown (J-Town), Okolona, Fern Creek, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley. Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search the Metro Louisville MLS.