Selling your Louisville home can be a fierce, stressful ordeal in a market like this one. Ideally, homeowners will do everything they can to prepare their house for a sell, especially when they’re faced with competition from neighboring houses and a weakened real estate market. But sometimes, it’s the small things that make a difference in the eye of a buyer.
I’m talking about decor. What pleases your eye may not please everyone else’s, and sometimes buyers just can’t get passed those lace curtains, floral wallpaper, and plastic greenery draped on top of your cabinets. Those things—while stylish to you—can make your home appear dated and cluttered. We all have our own design sense, but when selling your home, sometimes no design sense is better.
To read more go to Louisville Real Estate
Having the most current market conditions is critical when buying or selling St Matthews real estate. Below is a list of the homes that have sold and closed in the St Matthews (40207) area in the last 30 days. From this report it appears that the recently sold homes are bringing closer to asking price than we’ve seen in the past several months.
The absorption rate for St Matthews KY homes (40207) is 9.7 months. What this means is, based on the current sales rate, if no additional homes came on the market, it would take 9.7 months for all of the currently listed homes to sell. This still indicates an oversupply of available homes in the St Matthews area as an absorption rate of 5 months is considered a balanced market. As a buyer you can utilize this information to your advantage during the negotiations.
Currently there are 253 homes for sale and pending sale in Louisville’s St Matthews area. The average sales price of the homes that have sold is $314,981 ($140 per square foot) and the average Cumulative Days on Market were 184. The list price to sale price ratio is 93.5% which means the sellers are getting on average 6.5% less than their original asking price or $24,123 off of the average price home.
To find out more about St Matthews Homes and the Louisville KY Area contact me or visit my website.
Data compiled from the Greater Louisville MLS (Multiple Listing Service). Deemed reliable, but not guaranteed.
Last week Stacey (one of my buyer's agents) asked me to work with one of her buyers so she could spend the day with her son. No problem there as I love working with buyers - Thursday the client sent me 15 listings she wished to see. After mapping and printing them all out; what do you know? 8 of the 15 showed in the agent notes: UNDER CONTRACT PENDING "WHATEVER". I am a bit confused here; what exactly does "Pending" mean? It seems to have lost its relevance with Louisville agents. More and more, homes go directly from "Active to Sold", bypassing the pending status altogether. Talk about skewed statistics! As of this morning our MLS shows 281 "Active" listings that are "UNDER CONTRACT PENDING - SOMETHING". One of these actually said "No showings and no back up offers", yet was in "Active" status. Every one of these listings show up on all of our personal websites along with Realtor.com, Trulia, Zillow, etc. as being available. Do any agents actually show these "non available listings" only to have their buyers fall in love with them, write a back up offer, then find out 2 days later that they are not going to get the home. In the meantime 3 other homes they could have purchased have gone under contract. It has gotten totally out of control! All of these agent's remarks have one thing in common: the term "PENDING". Sorry for the Sunday morning venting but this has been building for some time.
Agents in other cities, do your MLS's allow this garbage?
If you are considering buying or selling Real Estate in the Louisville, KY Metro area you may search the entire MLS at http://www.AllHomesInLouisville.com/ Louisville's premier MLS search engine.
I am a Louisville native and Principal Broker of Keller Williams Realty Louisville East. I live in the St. Matthews area in a home that is only about a mile from where I grew up. Louisville is pretty awesome as far as I am concerned and I really wouldn't want to live anywhere else.
Feel free to contact me with any questions about selling or buying Louisville real estate or anything else as well.
Louisville - A Fabulous Place to Live
Downtown Louisville from Indiana on a brisk fall day.
Derby Day - The First Saturday in May.
Thunder over Louisville every April kicks off the two week Derby Festival.
The Great Lawn at the Riverfront - back to our roots.
From our humble beginnings as a portage point around the falls of the Ohio which was the only interruption along the 981 miles of the Ohio River. To today where Louisville is home base to UPS WorldPort, the cities location has helped fuel its growth. Our location, in the middle of the country between North and South, makes us a little difficult to categorize. My thoughts are that we are more midwestern in thinking with the friendliness of the South added to the mix. Most residents don't even agree on the proper pronunciation of Louisville, some say Louieville and some say Looavulle. Being that the city was named after King Louie XVI of France (for helping the colonist during the Revolutionary War) I guess Louieville is probably correct to the purist.
With our very low cost of living, (you can still buy a great house for under $200,000) and the amenities that go along with living in a large metro area, make Louisville hard to beat. Bungalows, 50s Cape Cods galore and of course no shortage of the ubiquitous McMansions will suite virtually any housing taste.
The photos above are just a few of the hundreds of Victorian homes in Old Louisville, a 45 block area which is the third largest preservation district in the United States. As stated on the Old Louisville Website: Old Louisville is a virtual open-air museum of Victorian architecture.
Located along the old Interurban Railway and in close proximity to Beargrass Creek St. Matthews was once one of the largest potato growing areas in the country. The automobile and the Flood of 1937 changed that forever. One of the earliest "Suburbs" of Louisville St. Matthews homes were built primarily from the Twenties through the Fifties. Tree lined streets with very well kept Capes, some Bungalows and other Traditional home styles, typify the area.
To Search the MLS for all Louisville homes for sale please visit Louisville Real Estates premier search site.
My specializations in real estate include but are not limited to Residential Real Estate in the Louisville, KY Metro area. I tend to work more in the Central and Eastern areas of the region including:
St. Matthews
The Highlands
Old Louisville
Brownsboro Road Corridor
Clifton and Crescent Hill
Middletown
Jeffersontown
Fern Creek
Anchorage
Oldham County
Shelby County
I work with all types of Buyers and Sellers but truly love working with people relocating to Louisville and first time homebuyers, whether it be their purchase of a single family home, patio home or a condo.
My LBRE (Life before real estate) included schooling at Jeffersontown High School, The University of Kentucky and then 20 years as a small business owner. I became licensed in Real Estate in 1995 and built a few homes and worked with a local RE/MAX agent where I developed a love for this industry. In 2003 I became a full time Realtor with a local company and just reciently joined Keller Williams Louisville East as their Principal Broker.
My professional achievements include:
Kentucky & Indiana Real Estate Broker
GRI - Graduate Realtors Institute
ABR - Accredited Buyers Representative
e-PRO - Internet Professional Certification
RECS - Real Estate Cyberspace Specialist
CRS - Certified Residential Specialist
My professional memberships include:
Greater Louisville Association of Realtors
Southern Indiana Realtor Association
KY Association of Realtors
National Association of Realtors
Council of Residential Specialists
REBAC - Real Estate Buyers Agency Council
Real Estate Cyberspace Society
We had worked with another realtor prior to Brad. By the time we began working with Brad we were exhausted with trying to find our first home. Brad listened to everything we said - he made us feel like his most important clients. Brad found our dream house on the first day we were with him. We will recommend him and use him again. He is such a pleasure to work with.
Beth Parks and Josh Weldon
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