So far in four Seasons we have 8 active listings, and no sales as yet this month but I did notice that last year the average sales price did go up a little, unlike much of the area which had little or no appreciation. The homes that sold the quickest were in good shape or priced to reflect the need for updating. Last year’s buyer either wanted their home to be in excellent move in condition with good amenities, or a real bargain to offset the need for work.
Test test test testHurstbourne 2006 continued Tuesday, Jan 23 2007
City of Hurstbourne 6:00 am
March brought us 3 sales, 10 active listings and 114 average days on the market. I tired to sell my house last year. I had many, many showings but no good offers. Reasons given- it needed updating. I have a small master bathroom and relatively small master closets. Fortunately, I have room over the breezeway to eventually enlarge the master bath and create a large walk in closet. Homes that can’t may continue to languish on the market.
Four Seasons Year End Rally? Saturday, Jan 20 2007
Four Seasons 8:55 am
October, November and December 2005 brought 6 sales with 22- 35 days on the market. However don’t forget the MLS days on the market number may be skewed if a property was taken off market or had a price change since the days on market clock restarts when that occurs. October, November and December of 2006 only had 2 sales (November was really cold and I think a lot of potential buyers stayed inside) and we finished the year with 8 active listings carrying over to the new year.
Hurstbourne musings Saturday, Jan 20 2007
City of Hurstbourne 8:00 am
Last year I had several home buyers relocating into Louisville. None of them wanted to be in Hurstbourne, although they all agreed it was conveniently located. Why? They all 3 felt that for the money, they could get newer property with larger master baths and other updates. They were willing to trade distance and convenience for location.
Four Seasons Third Quarter Saturday, Jan 13 2007
Four Seasons 6:24 am
August, September and October 2005 brought a steady 2-3 sales per month, days on the market varied from a slightly low 22 up to a somewhat higher than usual 84. The same quarter in 2006 brought a total of 7 sales with days on the market averaging 19-70. So far 2006 is about the same as 2005 which makes it unique as most of the rest of Louisville is experiencing reduced sales and much longer days on the market.
Hurstbourne 2006 Saturday, Jan 13 2007
City of Hurstbourne 12:24 am
Okay let’s take a peek at 2006. In January we had one sale and 9 active on the market. In February we had no sales and 11 on the market. Things are looking bleak. Some of these have been for sale for a long time. What do buyers want? Quick answer- updates!
Four Seasons Tuesday, Jan 9 2007
Four Seasons 3:44 am
June of 2005 peaked with 4 sales and 4 active listings. April and May of 2005 had 3 sales each month and 6 active listings. April and May of 2006 had 4 sales each month and 5 listings but days on the market is up over 2 months. June of 2006 only had 1 sale, 6 active listings and 124 average days on the market. Does the second half of the year improve? Stay tuned friends and neighbors.
More on Four Seasons Friday, Jan 5 2007
Four Seasons 9:38 am
January, February and March are typically slow in this nieghborhood. In 2005 there were 3 sales for the first quarter of the year. 2006 was the same with 3 sales, but average sales price was a little higher in ‘06 and days on market slightly lower at 78 vs 99. Inventory is also a lower in the first quarter with 4 actives in ‘05 and 4 in ‘06. Now 2007 is a new ballgame with 8 actives in January carrying over from December.
Hurstbourne fun facts Friday, Jan 5 2007
City of Hurstbourne 8:00 am
Okay, for those of you who don’t know, I am a Realtor here in Louisville, Ky. I live in the City of Hurstbourne. I moved away 2 years ago and wasn’t happy so when my house didn’t sell ( more on that later), I did some renovations and redecorating and moved back. I love the area and it’s proximity to where I need to be. Did you know that on January 1, 2005 Hurstbourne had 1 house sell and 9 actively for sale. In July we peaked at 5 sales and 15 for sale. For the year 2005 we had a total of 29 sales and at one point average days on the market was over 200! Keep reading and see what 2006 was like.
