Aggressive can be good! Friday, May 11 2007 

Louisville real estate market Anne Mayhugh 3:47 pm

I have been likened to a bull dog, when I need to get something done for the benefit of my client I won’t let go until I’m satisfied we’ve done all we can.  Often that means I am doing what is really the other agent’s job.  The good news with doing the other agent’s work is I can benefit my client.  I just read an article about aggressive REALTORS which may offer some insight. 

They believe, as I do, that a REALTOR who is aggressively working will almost always do a better job for their clients.   Read more…

 Have a great day- yes it might rain, but it’ll perk all those flowers we finally got planted!

 

March Stats Monday, Apr 9 2007 

Louisville real estate market Anne Mayhugh 4:02 pm

For the month of March there were 1318 properties that sold and closed, at a total value of $248,020,355, and an average list price of $188,179 with an average sales price of $179,905.

This compares to 2006 when we had a total of 1353 sales, with a total value of $228,677,237, an average lsit price of $169,015, and average sales price of $164,093.

Our total number of sales has not dropped here as in many parts of the country, but our inventory is rising, and the high end market ($500,000+) is overstocked and very slow.  Remember, with a lot of inventory- it’s all about price and condition!

 

We’re even more OK Tuesday, Mar 27 2007 

Louisville real estate market Anne Mayhugh 3:15 pm

GLAR (Greater Louisville Assn of Realtors) statistics show the upsurge we’ve been seeing. 

Residential homes (single family and condos) sold from March 11-March 17 were 236 compared to 300 for the same time frame in 2006

Residential homes(single family and condos) sold from March 19-March 25 were 764 compared to 724 the same time last year.

A combination of better economic news  may have spurred home buyers into action finally.  Rates remain low for homeowners, so I think that many are coming off the fence again.

Will it last? Read more.

 

We’re all OK Saturday, Mar 24 2007 

Louisville real estate market Anne Mayhugh 2:49 pm

As a realtor actively working with buyers and sellers, I’ve notice a nice surge in the number of appointments to see homes lately.  It was nice to see  the C-J article verifying  that homes sales are up and the “Spring Market” is kicking in a little early.  Read more

 

February stats Thursday, Mar 8 2007 

Louisville real estate market Anne Mayhugh 6:34 pm

February sales were up, reflecting the nice weather we had in January that brought out the buyers.

Total sales for February were 1016 homes sold for a total of $169,614,455, with an average list price of $166,845, and an average sales price of $161,845.

Total sales for February 2006 were 959 homes sold, for a total of $153,559,261, average lsit price was $160,124 and average sales price was $155,997.

We are not showing the wild market drops as many areas of the country, but inventory remains high and buyers are picky with so many homes to choose from.  Price and condition- I can’t stress it enough.

 

Curb appeal is critical Wednesday, Feb 28 2007 

Louisville real estate market Anne Mayhugh 7:38 pm

I recently was out with a home buying client and the home we were scheduled to see did not look very appealing as we drove up.  Since the home was occupied, and I knew the owner had cleaned up for our showing I recommended that we go.  Incredibly enough the interior of the home was fabulous, everything these buyers wanted.  Only problem was, neither of them wanted to deal with the front yard.  This story does have a happy ending in that we were able to negotiate to have some exterior painting and landscaping done prior to their purchase.  I thought of this client again today when I read an article about landscaping in Realtor magazine which stresses the importance of the total appeal of the home.  It’s not very long and I hope you find it useful. 

 

Local foreclosures Tuesday, Feb 27 2007 

Louisville Investment Properties and Louisville real estate market Anne Mayhugh 5:01 pm

See attached link to the CJ, I’ll follow up with how investors can take advantage of this situation soon.

http://www.courier-journal.com/apps/pbcs.dll/article?AID=2007702260420

 

Let’s make it pretty Saturday, Feb 24 2007 

Louisville real estate market Anne Mayhugh 6:07 pm

I have read several articles in real estate journals lately about the importance of de-cluttering and staging your home to help “wow” a home buyer.  This excerpt from Phoebe Chongchua sums things up neatly and came from a real estate sales tips journal I get via email:        Think about the way model homes are packaged for display. There’s so little in them; yet they look just perfectly appealing. Of course, that’s not how any of us really live. But it’s how consumers want to see the home. The fact is, maybe we could live with a little less — at least while our home is on the market. After all, much of the clutter ends up collecting dust! And since you are moving, packing up some of your belongings before you actually move out (or even getting a tax credit for donating items to a charity) will help you when you finally sell your home and are ready to move.

As the queen of clutter I know how hard it can be to let loose of your stuff, but I can’t stress enough how much easier it is to sell a home that is neat and tidy.  I’ve shown homes that were a mess, then shown the same home after the owners had moved out and the difference was amazing.  Space and an open feel are critical in this market.  Spring is in the air- it’s time to get rid of the clutter and make life a little simpler.

 

Lunch with the Mayor Wednesday, Feb 21 2007 

Louisville real estate market Anne Mayhugh 2:39 pm

Today I had lunch with the mayor.  Well actually it was me and about 150 others, but it was still great.   He talked at length about the progress we’ve made in Louisville and our national ranking for being a city with a great quality of life.   Most of us already know this town is one of the best kept secrets in the Midwest.  We really do have it all, ballet, theater, symphony, good health care, reasonable housing, great restaurants and local sports!  I’m excited about business expansions, UPS and others.  While much of the nation had flat or depreciating real estate values (even Lexington was down last year) we were up.  Not much, 2.2%, but hey it beats a negative number.  Stay tuned for facts and figures.

 

It feels like Spring! Tuesday, Feb 20 2007 

Louisville real estate market Anne Mayhugh 4:46 pm

Things were pretty slow in the real estate market the last 2 weeks- I think all the cold weather kept everyone but the most urgent buyers home.  However yesterday and today really picked up with potential buyers wanting to make appointments.  Historically March and April have been my best months for getting listings shown and sold.  Relocating clients with children tend to come in for visits in March or April to coincide with Spring Break, and local buyers tend to get excited about a move as the weather warms. 

 

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