Okay we’re closing up the first quarter of the year, how are we doing? Last year there were 21 homes sold in here in Four Seasons. Currently we have 10 homes on the market, 2 under contract waiting to close, and 2 have sold and closed since the first of the year. Not a bad start heading into the full Spring market. Remember the key to selling is appeal. Buyers want to see value in this market!
Four Seasons Tuesday, Mar 13 2007
Four Seasons 2:34 pm
I currently have 2 listings in four Seasons, and I’m pleased to say that I am finally seeing the showing activity picking up. Fortunately Four Seasons has remained in the middle price range that still has lots of buyers. What buyers want is good value in a good location with amenities. Four Seasons is close to shopping, schools, churches, and not too far from I-64, the Watterson, or the Gene Snyder giving it an edge over other areas.
I have a hundred dollars and I deserve a house! Friday, Feb 9 2007
Four Seasons and Louisville real estate market 12:12 am
I have a new listing in Four Seasons subdivision. It’s a cute ranch and priced pretty well, so I wasn’t surprised to get an offer on it. Unfortunately the offer was not acceptable. The buyer offered $100 as the earnest money deposit and wanted the seller to reduce the price AND pay the 3% down payment and all closing costs. Because he/she had a hundred dollars and had been told he/she could buy a house. Why do people think they can get a house without any money? Why do lenders encourage this? Aren’t foreclosures high enough already? If you don’t have enough money to buy a home, how on earth are you going to pay for it? While our market has been a little slow, there were a lot of homes that have gone under contract in the last week or so. The spring market is kicking in a little early- those rates can’t stay low forever. So there is no reason for a home seller who hasn’t overpriced their home to make drastic concessions, I don’t care what Money magazine said! (December issue said the nation is in a real estate slump and offer 10-20% less than asking) Not in this market! Louisville has never had the dramatic price increases seen other places, therefore we don’t get the dramatic price drops either.
A New Year? Thursday, Jan 25 2007
Four Seasons 1:04 am
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.
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.
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.
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.
Four Seasons- a breath of fresh air Monday, Jan 1 2007
Four Seasons 6:32 am
The Louisville homes market has been goofy the last year and a half. Longer days on the market for most properties, more inventory and less sales. That is, except for Four Seasons. This charming enclave tucked between J-town and Hikes Point has remained relatively unaffected by the uncertainty in the rest of the market. In 2005 there were 25 sales, in 2006 there were there were 21. Stay tuned to see what’s going on now.
