Categories
Housing Market Report Newsletter Featurettes

The Monthly Market Report: JULY 2017

The Monthly Market Report

As summer temperatures rise, is our local housing market showing any signs of cooling off?   See all the latest info and trends, in our exclusive Monthly Market Report! 

Our exclusive Market Report has all the latest information on the local real estate market – compiled by the experts at Rector Hayden Realtors!

  • • Overall market trends
  • • Number of homes on the market in EACH price range
  • • Number of homes selling in those ranges
  • • Average Sales Price
  • • The Top 20 Real Estate Firms
  • • And breakdowns by counties in our coverage area!

 

market report with shadow

 
Categories
Local Events Newsletter Featurettes

Summer Fun in the Bluegrass!

There’s so much to enjoy in Lexington and Central Kentucky this month! 
Here are some of the events and activities we LOVE in July!

 

Independence Day Celebrations Across The Bluegrass

Find out where the Independence Day Celebrations are occurring in your communities across the Bluegrass! Click to read what events are near you! [ Read More ]


Other Events in July of Interest

Lexington Fourth of July Street Fair

July 4 @ 9:00 am6:00 pm
Cheapside Park Fifth Third Bank Pavilion, 251 West Main Street
Lexington, KY 40507 United States
+ Google Map

Street Festival (9:00am-6:00pm) The Parade will be at 2PM, Presented by Metro PCS along MAIN STREET Complimentary parking provided by LexPark in the following garages on July 4: The Square garage, Transit Center garage, Courthouse garage and Helix garage will be open and free to the public! (5am Tuesday, July 4 – 5am Wednesday, July 5)

Find out more »


Extreme Mustang Makeover

July 6July 8
KY Horse Park, 4089 Iron Works Parkway
Lexington, KY 40511 United States
+ Google Map

An exciting evening of freestyle competition and adoption! All events throughout the weekend are FREE except for the finals performance where tickets can be purchased on-site.   Adult trainers, ages 18 and over, will compete in this 100-wild horse training competition with their assigned mustang in a series of preliminary classes for a spot in the Top-10 freestyle finals performance. All adult mustangs will be available for adoption after the finals performance via public competitive bid. Representatives from the Bureau…

Find out more »


11th Annual SUMMERFEST Presents: The Wiz!

July 6 @ 8:00 amJuly 9 @ 5:00 pm
Woodland Park, 601 East High Street
Lexington, KY 40502 United States
+ Google Map

Lexington’s only Outdoor Summer Theatre Experience! SummerFest is relocating to where it all began in 1982, Woodland Park! Presenting “The Wiz”. Patrons have the choice of bringing a blanket or lawn chair. Details Dates: Thursday, July 6, 2017 – Sunday, July 9, 2017 Times:Gates open at 7:00 PM, Show at 8:45 PM Admission:Adults $15; Kids 10 & under $10; $5 chair rental option   Directed by: Wesley Nelson Music Direction by: Jessica Greene Choreography by: Jaasiel Wilson THE WIZ Music…

Find out more »


Night Market July 2017

July 7 @ 6:00 pm10:00 pm
Night Market, 700 Bryan Ave
Lexington, KY United States
+ Google Map

Night Market A monthly pop-up open air-market/street festival held on the first Friday of every month May through December.  Night Market highlights the creativity of local neighborhood businesses, artists, and nonprofits and brings people from all over the region to Lexington’s Northside. Want to know more about NoLi Neighborhood and the Night Market? Read our piece on the November 2016 Night Market here, https://news.rhr.com/neighborhood-insights-north-limestone/ 

Find out more »


Triple Crown Cat Fanciers Cat Show

July 8July 9
KY Indoor Sports Complex,

More than 200 pedigree cats from around the country are expected to compete. An Agility Competition will take place both days. Top breeders will be present, pets available for adoption. There will be a vendors’ mall with many unique items for sale. The concession stand will have food and drinks available. Spectators may bring a can of cat food as a donation for the Lexington Human Society and receive a ticket for a door prize. Dates: Saturday, July 8, 2017…

Find out more »

Lexington Burger Week

July 10July 16
 

Lexington Burger Week returns! Brace yourself. This year there will be 40 one-of-a-kind burgers! Each restaurant will create a $5 special burger that is not on the regular menu. Participating chefs will once again try to create the most unique burgers in town. See the current lineup here: https://www.lexingtonburgerweek.com/burgers 

Find out more »


Lexington Lion’s Club Presents: THE BLUEGRASS FAIR

July 13 @ 8:00 amJuly 23 @ 5:00 pm
Masterson Station Park, 3051 Leestown Road
Lexington, KY 40511 United States
+ Google Map

For over 55 years the Lexington Lions Club has presented the Bluegrass Fair that raises funds for community organizations to provide vision and hearing services to people who can not afford them. Many of the events are free to explore!

Find out more »

 
Don’t forget about recurring Bluegrass Community Events like Farmers Markets and Live Music!

 

Categories
Housing Market Report Newsletter Featurettes

Market Report – June 2017

The Monthly Market Report

Will our hot local housing market continue into summer?   See all the latest info and trends, in our exclusive Monthly Market Report! 

Our exclusive Market Report has all the latest information on the local real estate market – compiled by the experts at Rector Hayden Realtors!

  • • Overall market trends
  • • Number of homes on the market in EACH price range
  • • Number of homes selling in those ranges
  • • Average Sales Price
  • • The Top 20 Real Estate Firms
  • • And breakdowns by counties in our coverage area!

 

market report with shadow

 
Categories
Local Events

#LexHaveFun – JUNE EVENTS


Local events we LOVE this month

Here comes summer — with SO much to enjoy, see and do!

Here are some of the events and activities we love during the month of June, happening in Lexington and all around Central Kentucky! 


 

The Great American Brass Band Festival

June 1June 4
Main Street Danville, KY

World-class bands come together in what has been called “the most prominent and unusual music festival in the country.”

Come out and enjoy the 28th Brass Band Festival featuring live brass music, an Americana style Parade, Saturday night picnic, free children’s activities, a Swing Dance, Yoga in the Park, a 5 K run, and New Orleans’ style all day street party on Friday. More Info >>


 

Night Market June 2017

June 2 @ 6:00 pm10:00 pm
700 Bryan Ave Lexington, KY

 

mercadobajolaluna

FREE – A monthly pop-up open air-market/street festival held on the first Friday of every month May through December.  Night Market highlights the creativity of local neighborhood businesses, artists, and nonprofits and brings people from all over the region to Lexington’s Northside. More Info >>

 


Step Out Walk to Stop Diabetes

Step Out: Walk/Run to Stop Diabetes

June 3
Keeneland Race Track

 

It starts with YOU! Lace up your sneakers and join us for the American Diabetes Association’s Step Out Walk to Stop Diabetes at Lexington’s Keeneland Race Course! Participants are changing the future by making a positive impact in the lives of those who are affected by diabetes, and you can too! Register for our 5K run (participants may also walk this route) and a 1-mile fun walk today and meet the RHR Step Out Team! More Info >>


Bike Lexington Family Fun Ride

June 3 @ 8:00 am5:00 pm
Fayette Courthouse Plaza

Free registration begins at 8:00am at the Robert F. Stephens Courthouse Plaza on Short Street and Limestone.  The Family Fun Ride caters to all cycling levels and skills on two wheels. More Info >>


Lexington Council Garden Club: Garden Tour

June 3 @ 8:00 amJune 4 @ 5:00 pm

Whether you are a gardener, a homeowner seeking new ideas or just enjoy beauty and tranquility, come out and visit some of Lexington’s most inspiring gardens. Rain or shine. Tickets may be purchased at King’s Garden Center,Michler’s, Best of Flowers, Springhouse Gardens and at the gardens on the day of the tour. Proceeds from the tour go to grants for beautification projects across the city! More Info >>


GREENFest 2017

June 3 @ 10:00 am2:00 pm
Bluegrass Green Source – 835 National Avenue Lexington, KY 40502

GREENFEST 2017 IS YOUR ONE-STOP SHOP
TO LEARN ABOUT AND CELEBRATE SUSTAINABLE LIVING IN THE BLUEGRASS!

GreenFest is the place to learn about living sustainably while having fun!
Learn something new at workshop, enjoy food, and music, take home a Rain Barrel painted by a local artist, shop amongst an array of eco friendly vendors, & much more! Rain or shine, the day will be hosted by our good friend, LEX 18’s Tom Ackerman. More Info >>


The Egyptian Event: For the Love of the Horse

June 7June 10

 

Come out for the world’s largest showcase of the Egyptian Arabian horse! General show seating and non-ticketed activities are free with Kentucky Horse Park admission. The Egyptian Event boasts world-class halter and performance competition, superb shopping, expert-led seminars, live and silent fund raiser auctions, and fun social activities for all ages! Come feel the desert wind blowing across the heart of horse country. More Info >>


Festival of the Bluegrass

June 8June 11
KY Horse Park

This annual jamboree features the best Bluegrass bands in Kentucky and top national performers. This 4-day event provides Bluegrass music performances as well as kids camps and activities for all ages. The festival will be held at the Kentucky Horse Park Campground, and campsites are available for the event. More Info >>

Man o War Mural

Unveiling the Man O’ War Commemorative Mural

June 10
Village Idiot Pub – Short Street Lexington, KY

Dominating the drive through downtown’s busy Short Street, a large form-commissioned mural will be unveiled on Saturday, June 10th to commemorate his win in the 1920 Belmont Stakes. Painted on the side of the Village Idiot Pub building, the mural will feature a racing moment in the great horse’s life. A street party around the mural will be held to commemorate the unveiling. Times TBD. More Info >>

Lexington Rodeo

Lexington Rodeo 2017

June 16 @ 8:00 amJune 17 @ 5:00 pm
Alltech Arena

The Lexington Rodeo is sanctioned by the Professional Rodeo Cowboy Association (PRCA) and produced by the Rotary Club of Lexington. It is the only PRCA rodeo in Kentucky and was voted the Best New Rodeo of 2015 by the PRCA cowboys GLC. The shows start at 7:30 p.m. on Friday and Saturday night. Tickets are available for purchase online. More Info >>
 

There’s More to Do in the Month of June! #LexHaveFun

Family Friendly Events  |  Equestrian Events  |  Farmers Markets  |  Live Music  |  FREE Events

 

Categories
Home Insights Housing Market Report Neighborhood Insights

[From Fayette PVA] Demand for Homes in Lex Outpacing Supply!

DEMAND FOR HOMES IN LEXINGTON OUTPACING SUPPLY

[From the FayettePVA E-mail Newsletters: May 24, 2017]
Fayette County must produce 22,780 additional housing units in the next eight years to fully meet the demand of a projected influx of 40,000 new residents by 2025, according to a new housing demand study. The link to the full and final report is found below.
 
Click here for PDF
 
The report is sponsored by Fayette Alliance, homebuilders, realtors and various local government agencies including Fayette County Property Valuation Administrator, David O’Neill, who jointly issued an executive summary in May.

Based on recent buying trends and consumer polling, projected housing demand includes the need for 15,160 new single-family detached houses, 6,275 apartments and 1,345 condominiums and “other” units by 2025 or nearly 3,000 new housing units per year, which would require more than doubling current production levels.
 
Although the study stops short of making pricing and economic predictions, “it tells me that continued failure to keep pace with demand will drive up housing costs and place the heaviest burden on those at lower incomes,” said O’Neill. “The poor, working class and millennials are increasingly looking to surrounding counties for better affordability. Jessamine, Madison and Scott counties are growing faster than Fayette, especially Scott by a factor of 2 ½ to 1. “
 
“The shortage of housing is also driving homebuyers and investors into previously overlooked neighborhoods in and around Lexington’s urban core, resulting in the negative effects of gentrification including displacement, increased housing prices and a reduction in the number of affordable housing units. ”
 
“As a community we have a duty to address these complex and interrelated issues in the 2018 Comprehensive Plan update,” O’Neill continued, “regardless of whether we increase the availability of buildable land through expansion of the urban service area, we must profoundly and rapidly improve our strategy for incentivizing and increasing infill, redevelopment and urban density. But as we’ve seen, urban infill and redevelopment comes at a cost – any discussion of expansion should be accompanied by guarantees of a net increase in the number of affordable housing units and improved housing affordability in general.”
 
For weekly and monthly sales summaries and detailed property information including real-time sales data visit www.FayettePVA.com. For more information or questions, contact Fayette County PVA David O’Neill at david.oneill@ky.gov or call (859) 247-2722.

Copyright © 2017 Fayette County PVA, All rights reserved.
If you have any questions, please feel free to contact the Fayette County PVA office at (859)246-2722.

Our mailing address is:

Fayette County PVA
101 E. Vine St. Suite 600
Lexington, KY 40507

Categories
Housing Market Report Newsletter Featurettes

Market Report – May 2017

The Monthly Market Report

So far in 2017, Lexington and Central Kentucky home sales are neck-and-neck when compared to last year!    What do the next few months hold in store?   See all the latest info and trends, in our exclusive Monthly Market Report! 

Our exclusive Market Report has all the latest information on the local real estate market – compiled by the experts at Rector Hayden Realtors!

  • • Overall market trends
  • • Number of homes on the market in EACH price range
  • • Number of homes selling in those ranges
  • • Average Sales Price
  • • The Top 20 Real Estate Firms
  • • And breakdowns by counties in our coverage area!

 

market report with shadow

 
Categories
Local Events

MAY EVENTS: Local Events We ❤


Local events we LOVE this month

Events in Central Kentucky - May 2017

The month of May in Central Kentucky features everything from farmer’s markets to Mayfest to LOTS of Memorial Day/weekend celebration events….and so much more! 


Tea Tuesday at WavelandTea Tuesday at Waveland

May 2 @ 2:00 pm 3:30 pm

Waveland State Historic Site: 225 Waveland Museum Lane Lexington, KY 40514
Tea is served in the mansion on fine china. All tea’s include a program, savory food and is served by period dress interpreters. Once finished with the tea, enjoy a tour of the Waveland Mansion. Reservations are required.

Find out more »


Big Band and Jazz Concert Series

Big Band & Jazz 2017

Every Tuesday May 2 @ 7:00 pm8:30 pm

MoonDance at Midnight Pass Amphitheatre: 1152 Monarch Street Lexington, KY 40513

Big Band & Jazz, one of Lexington’s longest running and most beloved concert series, features great jazz and big band music weekly.  The May and June concerts will be held at Moondance at Midnight Pass Amphitheatre in Beaumont Circle.  Bring your lawn chairs or blankets for seating. 

Find out more »


Intercollegiate Horse Show Association National Championships

May 4 @ 8:00 amMay 7 @ 5:00 pmKY Horse Park: 4089 Iron Works Parkway Lexington, KY 40511

The 2017 IHSA National Championships will take place at the Alltech Arena. IHSA promotes competition for full time student riders of all skill levels, who compete individually and as teams at regional to national levels based on the principle that any college student should be able to participate in horse shows regardless of financial status, gender or riding level. Find out more » 

 


 

Central Bank Thursday Night Live

Central Bank Presents Thursday Night Live

 

Each Thursday @ 5:00 pm8:00 pm

Cheapside Park Fifth Third Bank Pavilion: 251 West Main Street Lexington, KY 40507

Beverages, food from local restaurants and great music by live bands! Every Thursday through October 12th. Find out more »

 


 

Oaks Day Party

Oaks Day Party @ Keeneland

 

May 5

Keeneland: 4201 Versailles Road Lexington, KY 40510 

FRIDAY, MAY 5 – OAKS DAY Watch and wager on the Kentucky Oaks at Keeneland! General admission and parking are free. Gates open at 9:00 a.m. ET. Patrons are permitted to picnic inside the grandstand area for this event. Tents, canopies, grills and glass are not permitted in the Paddock, Walking Ring or North Terrace. Patrons are not permitted to bring alcohol. Coolers are allowed, but are subject to inspection. Pets are not allowed. Find out more »

 


KY Derby at Keeneland

Kentucky Derby Party @ Keeneland

May 6

Keeneland: 4201 Versailles Road Lexington, KY 40510

Festivities include live music, pony rides, food and wagering! Known as the largest Derby party in the world!  Don’t miss the world’s biggest Derby Party! With over 1,000 televisions, easy access to wagering, great food, activities for the kids and more, Derby Day at Keeneland is the perfect place to view the Run for the Roses. Details: Gates open at 9:00 a.m. Patrons are permitted to picnic inside the grandstand area for this event. Tents, canopies, grills and glass are…  Find out more »


 

Sleeping Beauty with the Russian National Ballet Theatre

May 7 @ 3:00 pm5:00 pm

EKU Center for the Arts1 Hall Drive Richmond, KY 40475

Direct from Moscow! An enchanted romantic fairy tale for all ages, the Russian National Ballet Theatre brings Sleeping Beauty to life through this ballet perfect for the entire family. With a timeless score by Tchaikovsky, the ballet captures the delight, fantasy, and drama of this cherished story. With its roots in the Bolshoi, the Russian National Ballet remains a standard bearer for the traditions and majesty of classic Russian ballet.   Tickets: http://www.ekucenter.com/2015-16-season/2593-sleeping-beauty-russian-national-ballet-theatre … Find out more »

 

Wine and Vine Fest

The Kentucky Wine & Vine Fest

May 11May 13

Downtown Nicholasville, 996 North Main Street Nicholasville, KY

About the Event Picture it:  It’s the 2nd Saturday in May, and you and your friends are sipping and savoring your way through the booths of over a dozen Kentucky wineries, including Jean Farris Winery, Talon Winery, and Elk Creek Vineyards –-all at the 2017 Kentucky Wine & Vine Fest.  The festival, held in historic downtown Nicholasville (home of First Vineyard, the first commercial vineyard in the United States) and Chrisman Mill Vineyard,  is designed to celebrate all of the wonderful things that make the…  Find out more »


Peter Pan

Peter Pan w/ KY Ballet Theatre

May 12May 13

Lexington Opera House, 401 West Short Street Lexington, KY 40507

Mother’s Day weekend will never be the same as Peter and Wendy fly across the stage (literally!) by ZFx Flying during this beautiful story. Indians, lost boys, tinker bell and of course, Peter will whisk you away to Never Never Land where Captain Hook and the pirates offer hilarious obstacles for Peter and his companions. Presented by The Kentucky Ballet Theatre.  Details Dates: Friday, May 12, 2017 – Saturday, May 13, 2017 Times:Friday 7:00 p.m. and Saturday 2:00 p.m. and…Find out more »


 

MayFest

MayFest Arts Fair 2017

May 13May 14

Gratz Park, 251 West 2nd Street Lexington, KY 40507

Mayfest is a juried art fair with a focus on casual, family-friendly atmosphere.  Included are up to 100 Artist Vendors, Young Artists, Demonstrating Artists and Activity Artists, performances by musicians, dancers, strolling performers and children’s activities.  Details Dates: Saturday, May 13, 2017 – Sunday, May 14, 2017 Times:Saturday 10:00 AM – 6:00 PM, Sunday 11:00 AM – 5:00 PM Location:Gratz Park & Transylvania Admission:FREE Find out more »


John’s Run Local 8K

May 13 @ 8:00 am12:00 pm

KY Horse Park, 4089 Iron Works Parkway Lexington, KY 40511

The run honors and commemorates John Sensenig’s 40 years of service to the local running community. John has been a fixture in the local running and walking community since opening his first local running shop in 1977. John’s Run Local 8k has grown from the desire to celebrate all he has given to the local Lexington and Central Kentucky community.   Join us at the beautiful Kentucky Horse Park on May 13, 2017 to honor and commemorate John Sensenig’s 40…Find out more »


Fishing Derby

May 13 @ 9:00 am12:00 pm

Jacobson Park, 4001 Athens-Boonesboro Road Lexington, KY 40509

The Union Sportsmen’s Alliance and Kentucky American Water invite you to bring the kids out for a fun day of fishing for trout and catfish. The first 200 kids will receive a free fishing rod, reel, tackle and tackle box. Instruction and assistance will be available. Kids age 15 and younger do not need a fishing license. Older youth and adults can purchase a 1-day fishing license for $7 at https://app.fw.ky.gov/solar/. All youth must be accompanied by an adult.  Find out more »


Southland Street Fair

May 13 @ 3:00 pm8:00 pm

Southland Neighborhood, Southland Drive Lexington, KY

The whole family is invited out to one of Lexington’s hottest and most eclectic neighborhood to enjoy music, food, kids activities and a chance to support local businesses. #SouthlandStreetFair  Find out more »


Bluegrass Classic Stockdog Trials

May 17May 21

Masterson Station Park, 3051 Leestown Road Lexington, KY 40511

The famous Bluegrass Classic Stockdog Trial will once again be held at Lexington’s Masterson Station Park on May 17-21, 2017, marking 55 years of border collie trials in the Bluegrass. This competition is one of the longest-running, largest, and most prestigious trials in the country. The competition draws top handlers from across the USA and Canada, as well as hundreds of local spectators. The Bluegrass Classic dates from at least 1960, and was held for many years at Walnut Hall…Find out more »


Kentucky Sheep and Fiber Festival

May 20May 21

Masterson Station Park, 3051 Leestown Road Lexington, KY 40511

This year’s 8th annual festival exists to bring together the arts and crafts community with the producers of the fibers they utilize. With over 100 vendors each year, live animals, sheep shearing demonstrations and an amazing array of classes – the festival has something for everyone!  Details Saturday 9:00 a.m.-5:00 p.m. & Sunday 10:00 a.m.-4:00 p.m. Location:Masterson Station Park Admission:$5 http://www.kentuckysheepandfiber.com/Find out more »


 

RJ Corman 5k Run/Walk for Chrysalis House

May 20 @ 9:00 am5:00 pm

RJ Corman Hangar, 101 RJ Corman Drive Nicholasville, KY 

Prize money for top 3 male and female finishers. Post-race lunch prepared by My Old Kentucky Dinner Train Executive Chef. This is a completed closed course on the grounds of RJ Corman. Children’s activities. Register online. Proceeds benefit Chrysalis House. Find out more »


 

Vintage Market Days: Home Sweet Home

 

May 26May 28

KY Horse Park, 4089 Iron Works Parkway Lexington, KY 40511 

 

Vintage Market Days® is an upscale vintage-inspired indoor/outdoor market featuring original art, antiques, clothing, jewelry, handmade treasures, home décor, outdoor furnishings, consumable yummies, seasonal plantings and a little more. Vintage Market Days® events are so much more than a flea market. Each Vintage Market Days® event is a unique opportunity for vendors to display their talents and passions in creative venues. An upscale, vintage-inspired indoor/outdoor market featuring original art, antiques, clothing, jewelry, handmade treasures, home décor, outdoor furnishings, consumable yummies,…  Find out more »


Categories
Home Buying Tips Home Insights Newsletter Featurettes

5 Questions First-Time Buyers Can Ask When Hiring a Real Estate Agent

Buying your home is likely the biggest decision you’ve ever made, and it makes sense that you would want to partner with a trusted, professional REALTOR® who has your back and your best interests at heart.

Key insights:

  • Make sure your Realtor knows specifics about your market area. Even a personal referral or family friend should dig deep into your preferred neighborhood’s stats before expecting your business.

  • Ask if the Realtor works with a trusted lender who will get you pre-approved for a loan.

  • Go with your gut; even if a Realtor has all the right answers, half the battle of this working relationship is hiring someone you truly like and trust. If you’re not feeling it, then keep interviewing until you find the right fit.

1. How long have you been a real estate agent and do you typically work with first-time homebuyers?

Unlike the other questions we’ll share, there’s actually no wrong answer to this question – BUT it’s information you need. Most Realtors start by working with buyers, including first-time buyers, and as they begin to know more local homeowners, they transition their business to representing both buyers and sellers. Still others might continue to work only with buyers decades after they have been in the business.


2. I prefer to communicate via (phone calls, emails, texts). Can you work this way?

In our low-inventory market for starter homes, fast-paced communication will be necessary to getting an offer accepted on your dream house. For this reason, it’s important to discuss how you prefer to be contacted – and to share any communications restrictions you have.



3.
How long do you expect the home buying process to take?

Whether you have a tight timeline or need to move when your current lease expires, you likely have an idea of when you want to buy a home. Don’t be afraid to express that desire with your potential agent so you can all get on the same page from day one.


4. What do you know about the area I want to live in?

If you’re like most first-time buyers, you’ve probably been searching for available homes online to determine the city or even neighborhood where you’d most like to live.

If the agent is very familiar with the area already, you can continue to ask questions about the market, including if homes are selling quickly or for more than asking. If the agent doesn’t know about your preferred area, request that they get up to speed and get back to you within a day or two with their initial thoughts. Part of being a great advocate is doing the research, so it’s okay to request that your Realtor put in some work before getting hired.


5. What kind of loan options are best for me, and which preferred lender do you use for first-time buyers?

First-time buyers have myriad loan options available to them, from government-backed FHA loans to VA loans (for military veterans) to more traditional private loans. The best way to determine your buying power, and which loan is right for you, is to get pre-approved on a loan as soon as possible.

When meeting to interview a Realtor, ask if they have a preferred lender they work with for first-time buyers and ask if they typically get their buyers pre-approved. Pre-approval is a smart step that helps you understand the loan package that would work best for you, gives you a great starting place for a budget and can give you an advantage over other buyers who aren’t pre-approved.

Categories
Home Insights Housing Market Report

Market Statistics Year-To-Date: April 2017

Market Statistics

View Central KY Statistics | View Lexington-Fayette Statistics

 

 

Central Kentucky

April 1, 2017
RESIDENTIAL listings/sales

Lexington-Blugrass Association of REALTORS® Multiple Listing Service – Central KY (Areas 1-40)

 

[table width =”100%” style =”table-bordered table-hover” responsive =”true”] [table_head] [th_column]Statistics[/th_column] [th_column]YTD 2017[/th_column] [th_column]YTD 2016[/th_column] [/table_head] [table_body] [table_row] [row_column]Total active residential listings at this time[/row_column] [row_column] 2,926 [/row_column] [row_column]3341[/row_column] [/table_row] [table_row] [row_column]Months of Inventory[/row_column] [row_column]3[/row_column] [row_column]4[/row_column] [/table_row] [table_row] [row_column]Average List Price of Homes Sold[/row_column] [row_column]$190,798[/row_column] [row_column]$184,408[/row_column] [/table_row] [table_row] [row_column]Average Market Time of Homes Sold[/row_column] [row_column]74 Days[/row_column] [row_column]99 Days[/row_column] [/table_row] [table_row] [row_column]List Price VS Sale Price Ratio[/row_column] [row_column]97%[/row_column] [row_column]97%[/row_column] [/table_row] [table_row] [row_column]Number of Sales (Closings)[/row_column] [row_column]2,377[/row_column] [row_column]2,210[/row_column] [/table_row] [table_row] [row_column]Average Sale Price[/row_column] [row_column]$185,101[/row_column] [row_column]$177,915[/row_column] [/table_row] [table_row] [row_column]Overall Appreciation or Depreciation[/row_column] [row_column]+4%[/row_column] [row_column][/row_column] [/table_row] [/table_body] [/table]

 

 

Lexington – Fayette County

April 1, 2017
RESIDENTIAL listings/sales

Lexington-Blugrass Association of REALTORS® Multiple Listing Service – County of Fayette

[table width =”100%” style =”table-bordered table-hover” responsive =”true”] [table_head] [th_column]Statistics[/th_column] [th_column]YTD 2017[/th_column] [th_column]YTD 2016[/th_column] [/table_head] [table_body] [table_row] [row_column]Total active residential listings at this time[/row_column] [row_column]838[/row_column] [row_column]996[/row_column] [/table_row] [table_row] [row_column]Months of Inventory[/row_column] [row_column]2[/row_column] [row_column]2[/row_column] [/table_row] [table_row] [row_column]Average List Price of Homes Sold[/row_column] [row_column]$218,029[/row_column] [row_column]$206,706[/row_column] [/table_row] [table_row] [row_column]Average Market Time of Homes Sold[/row_column] [row_column]55 Days[/row_column] [row_column]72 Days[/row_column] [/table_row] [table_row] [row_column]List Price VS Sale Price Ratio[/row_column] [row_column]98%[/row_column] [row_column]97%[/row_column] [/table_row] [table_row] [row_column]Number of Sales (Closings)[/row_column] [row_column]1,049[/row_column] [row_column]921[/row_column] [/table_row] [table_row] [row_column]Average Sale Price[/row_column] [row_column]$213,207[/row_column] [row_column]$200,988[/row_column] [/table_row] [table_row] [row_column]Overall Appreciation or Depreciation[/row_column] [row_column]+6%[/row_column] [row_column][/row_column] [/table_row] [/table_body] [/table]

Information is based on residential homes listed and sold through the Lexington Bluegrass Association of Realtors (LBAR) Multiple Listing Service (MLS).Neither the LBAR nor its MLS guarantees its accuracy. Data may not reflect all real estate activity in the market.

Categories
Local Events

APRIL EVENTS: Local Events We ❤


Local events we LOVE this month

Keeneland racing, Farmers Markets, the Rolex 3-Day Event, Home & Garden Show, Thursday Night Live…we could go on and on (and we will!).  There’s no place better than Lexington and Central Kentucky in April!

 

Youth Riding Camp at the KY Horse Park
April 3 @ 8:00 am – April 7 @ 5:00 pm
The Youth Riding Camp Spring Break Edition is a great way for children 8-16 with all experience levels to come out and become familiar…


College Scholarship Day @ Keeneland
April 7 @ 11:00 am – 5:00 pm
College Scholarship Day offers a free, fun day at the races for thousands of college and university students from Kentucky and beyond. 


The U.S. Mounted Games
April 8 @ 8:00 am – 5:00 pm
The United States Mounted Games Association was formed to inspire, encourage interest, and increase participation in Mounted Games in the United States. 


Cowboy Up for A Cure Rodeo
April 8 @ 6:00 pm – 10:00 pm
Our agent, Cindy Shryock, invites you to the Cowboy Up for a Cure Rodea to fundraise for children with various forms of pediatric cancer!


Kids Club Family Day @ Keeneland
April 9 @ 12:00 pm – 3:30 pm
The KEENELAND KIDS CLUB is the Official Kids Club for Keeneland fans 12 and younger. During the race meet, Kids Club members…


Lexi Memorial 5k – Prevent Child Abuse KY
April 15 @ 8:00 am – 5:00 pm
The Lexi Memorial Commit to Prevent® 5K Run/Walk will take place on April 15, 2017 at the beautiful Kentucky Horse Park in Lexington, KY.


HOLLER: Craft Beer & Whiskey Festival
April 15 @ 8:00 am – 5:00 pm
A CELEBRATION OF KENTUCKY CRAFT BEER AND WHISKEY. HOSTED BY NEW RIFF DISTILLING New Riff Distilling is very excited this year to announce that


The Great Pug Run 5K
April 15 @ 9:00 am – 5:00 pm
The Great Pug Run 5k Where: Masterson Station Park 3051 Leestown Rd Lexington, KY 40511 Date: Saturday 4-15-17 at 9am. Cost: $25. 

 

 

FOR ME DETAILS AND UPCOMMING EVENTS, view the entire community calendar here: https://news.rhr.com/events/


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Don’t Forget to Check Out The Local Farmers’ Markets Directory to
find the best markets near you!

Visit: https://news.rhr.com/farmers-market-directory-lexington-central-kentucky/