Our local housing market has had a good start to the new year!
Be sure to check out our exclusive Market Report — with all the latest information on the local real estate market – compiled by the experts at Rector Hayden Realtors!
Tag: lexington
Spring is Coming!
We LOVE Lexington & Central Kentucky in the spring … and also these upcoming local events!
UK Women’s Gymnastics vs Central Michigan
Sabor Latino, Latin Dinner & Dancing
Welcome to the first of EatDrinkLex’s new underground pop-up experiences led by some of the area’s best chefs, bartenders, and entertainers. This is a unique opportunity for guests to immerse themselves in their host’s world. Each experience in unique and will be held in random, unexpected locations, where you can learn from the hosts and more importantly, have fun! Latin Flavor Date Night 5:30-6pm
Alltech Vocal Scholarship Competition
Talented young vocalists from around the world will pursue their operatic dreams and compete for $500,000 in scholarship prizes at the 14th annual Alltech Vocal Scholarship Competition. Alltech and University of Kentucky Opera Theatre cordially invite you to enjoy this enriching experience free of charge.
859-257-9331
Mumford & Sons
Doors open at 6pm. Mumford & Sons will embark on an extensive 60-date worldwide arena tour this fall featuring a groundbreaking new in-the-round stage design. They stop by Rupp Arena on March 12, 2019 with special guest Cat Power!
There’s More to Do in the Month of March! #LexHaveFun
Join BIA Cares at the Ferguson Lexington Showroom, located at 249 Walton Ave Friday, February 1st, 2019 for a fun and delicious morning of all-you-can-eat pancakes, bacon, eggs & more! Tickets to attend are only a minimum $10 donation and can be purchased the morning of the breakfast at Ferguson Bath, Kitchen & Lighting Gallery.
BIA Cares has a big year ahead of them with some very special projects in the works. Off the heals of the hugely successful Operation Military Cheer toy drive for the KY National Guard, BIA Cares is ready to get to work! Stay tuned for this year’s, 2019, next projects.
Bring kids, co-workers, neighbors and friends…and come hungry!
On this tour we will learn about the history of horse racing and the horse industry in Lexington. Saddle up as we start our historic journey at Keeneland for a tour during the early morning workouts. We will then visit one of the beautiful historic horse farms around Lexington. We will also make stops at the Red Mile and the Isaac Murphy Memorial Art Garden. We will learn the history of these historic racing venues along with the first superstars of horse racing, African American jockeys.
The tour will last approximately 4 hours and we will pick you up at the Lexington Visitor Center.
Price $45 (Includes tours at Keeneland and a historic horse farm).
Water and snacks will be provided.
Lexington restaurants are offering two course meals for lunch and/or dinner. The price per person is $20.18.(wink wink)
The participating restaurants include:
- Le Deauville
- Grillfish
- Portofino
- Bella Notte
- Azur
- Minglewood
- Distilled
- Clawdaddy’s
- The Ketch
- The Blue Heron
- Honeywood
- Crust
- Giuseppe’s
- Red Light Lounge
- Brasabana
- and possibly more!
Questions, call (859) 258-2529
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
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.
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. The route will provide a safe shortcut for children on tricycles and training wheels that directs back to the starting point, where children can ride safely in the Car-Free Kid Zone. Free registration and tons of fun activities!
Presented by Pedal Power Bike Shop: http://pedalpowerbikeshop.com/
Free live music every Friday and Saturday night May-September. With a beautiful covered dock, a fire pit hang out, amazing restaurants and shopping, and fun live music, you’ll want to linger with friends and family. Pets and lawn chairs are welcome.
- Dates: Friday, May 5, 2017 – Saturday, September 30, 2017
- Fridays and Saturdays from 7pm to 10pm
Free live music every Friday and Saturday night May-September. With a beautiful covered dock, a fire pit hang out, amazing restaurants and shopping, and fun live music, you’ll want to linger with friends and family. Pets and lawn chairs are welcome.
- Dates: Friday, May 5, 2017 – Saturday, September 30, 2017
- Fridays and Saturdays from 7pm to 10pm