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Job Growth Expected To Drive Migration Back To Middle America

From Zillow Research: A marked shift in fortunes between coastal America and Middle America since the housing recovery began – rapid growth in the former, stagnation in the latter – is likely to eventually reverse as cost-conscious companies look for cheaper places to grow, according to a panel of more than 100 experts. Read more.

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How Much Time Do People Spend Looking At Homes Online?

Via The Az. Republic: It’s official. People love to search for houses and check out home values on their phones. New research from Google unveiled at a major real estate conference this week proves it. OK, that’s no big surprise. But the time we spend on our phones looking at houses is a bit amazing: An average of 55 minutes per visit to real estate apps, according to Google. Read more.

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Louisville Market Recap - First Half of 2016

While we do our best to assist buyers and sellers throughout the community, Kentucky Select agents excel in a few particular Louisville neighborhoods and market segments.

Based on recently released statistics from the MLS and BrokerMetrics® for the first half of 2016 (January through June), we’re excited to share that Kentucky Select had the leading market share by total sales volume - in all price ranges - in the following zip codes:

  • 40204 (Parts of Germantown, Cherokee Triangle and the Original Highlands)
  • 40205 (Upper Highlands, Cherokee Park and parts of Seneca Park)
  • 40206 (Clifton, Crescent Hill,, Avalon, Lexington Road and Cherokee Gardens)
  • 40207 (St. Matthews, Indian Hills, Rolling Fields) 
  • 40222 (Crossgate, Glenview Manor, Glenview Hills, Northfield and Graymoor/Devondale)
  • As well as the top total sales volume of properties that sold for $1 million or more for the entire Louisville market

Since our agents know and work these areas so effectively, we thought we’d share some insights into market dynamics in these 5 zip codes as well as the Louisville luxury market. As a reminder, a market's absorption rate measures the rate at which available homes are sold during a given time period. Generally, an absorption rate of 6.0 months inventory indicates a balanced market of supply and demand. As you can see from the tables below much of Louisville is experiencing a severe shortage of inventory (absorption rates of around 2 to 2.5). Because of the lack of inventory much of Louisville is in the midst of a very heated seller's market.

40204

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January – June 2016

Most Expensive Jefferson County Home Sales in Q2

The second quarter of 2016 had no shortage of major residential home sales in Jefferson County. Business First has compiled another collection of the quarter's biggest home sales in Jefferson County, and many of the sales are centered in eastern Jefferson County. Congratulations to Kentucky Select Properties for having 5 of the top 8 most expensive sales, including the #1 sale both listed and sold by Joanne Owen. See all the homes here.

Luxury Homes

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Kentucky Select and Horne Title Present The 'Back To School Bash'

Kentucky Select Properties and Horne Title are again partnering on their annual "Back to School Bash" which benefits Blessings in a Backpack and the children of Engelhard Elementary. This year's event is Thursday August 4 from 5:30 - 7:30 at The Overlook at St. Thomas Clubhouse (6800 Steep Run Road, Louisville KY 40241). Attendees are encouraged to bring backpacks to donate or monetary contributions. For more information or to RSVP please contact Judy Gordon at 502-240-9334 or jgordon@kyselectproperties.com. 

(Below - Engelhard Elementary's Regina Jackson-Wills and members of Kentucky Select Properties get backpacks ready)

Regina Jackson-Willis and Kentucky Select agents stuff backpacks

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Get The Latest Remodeling Impact Report

Courtesy of the National Association of Realtors: Homeowners and renters remodel, redesign, and restructure their home for a variety of reasons. This report takes a deep dive into the reasons for remodeling, the success of taking on projects, and the increased happiness found in the home once a project is completed. Download the Report.

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May Breaks Louisville Real Estate Records

From Insider Louisville and Tre Pryor: Ok, pop quiz! (applause) First question: In what month were Louisville homes selling the fastest? You guessed it, May! Second: What month had the lowest absorption rate in Louisville real estate history? Yes, again it’s May! Read more.

Baxter Ave Condo

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Bowling To Return To Vernon Lanes After Sale

From Courier-Journal.com: In strike-up-the-band news for bowlers, the new owners of the retro-era Vernon Lanes bowling alley and event space in a historic Butchertown building plan to continue offering bowling, after closing temporarily for renovations. Atlas Properties management group, a subsidiary of LEVO investment firm in the Whitestone Building on West Main Street, announced Tuesday that it had purchased the property, also known as the Vernon Club, 1575 Story Ave. Read more.

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First Time Buyers Are Skipping The Starter Home

From Marketwatch.com: Forget the starter home. Today’s first-time buyers want a place they’ll live in for a long time — possibly even into retirement. And this ideal home is most likely in the suburbs. That’s according to a new Bank of America poll of more than 1,000 adults 18 and older who would like to buy a home in the future. “Folks are waiting to buy their first home until later in life,” said Kathy Cummings, consumer education and consulting executive for Bank of America. Read more.

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See Louisville's Magnificent Ashbourne in Architectural Digest

The stately Louisville house called Ashbourne stands beside the Ohio River on a lush 89-acre property, where it started out as a farmhouse in 1808 and in time earned a rightful position on the National Register of Historic Places. The Kentucky estate has been in Augusta Holland’s family since her great-grandparents bought it in the 1920s. Read more. Story by Alice Gordon and Photos by Scott Frances.

Ashbourne Living Room

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How I Bought A House At Age 25

Emily Brown's phone rings often with friends seeking advice about money. Brown is only 26, but she already owns a house and has socked away a nice amount of money for retirement in both a 401(k) and Individual Retirement Account (IRA). Oh, and she has a renter who pays $900 a month, enough to cover her entire mortgage. As her friends and family like to say, she's "got it figured out." Brown doesn't work on Wall Street or Silicon Valley. She's an accountant in Cleveland, Ohio, who bought her home at age 25 when she earned about $50,000 a year. Read more.

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'Resurfaced' Redux

Via Broken Sidewalk and Contributing Editor/Filmaker Elijah McKenzie. In 2014 Louisville based "City Collaborative" created Resurfaced a project to build temporary "pop up plazas" on vacant lots across the city. This video explains some of the thinking behind Resurfaced and the future of Louisville's urban core through the voices of Marianne Zickuhr (Founding executive director, Preservation Louisville), Patrick Henry (Landscape Architect, Patrick Henry Landscape Architects), Jennifer Chappell (Creator, Three Points Beautification Project), and Jaison Gardner (Co-host, WFPL’s “Strange Fruit”). Watch The Video.

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Who's Ready for Forecastle 2016?

In just a little more than two months people from all over the country will be flocking to Louisville for three days of music, art and activism. The 2016 Forecastle festival (July 15-17) features The Avett Brothers, Alabama Shakes, Ryan Adams, Death Cab for Cutie, Joan Shelley, Brandi Carlile and many other incredible guests. There are still tickets available. If that's not enough to wet your whistle, here's a great video of Forecastle highlights from last year. #scenesfromtheship #getonboard #Forecastle

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Preparing Your House To Sell

Preparing Your House To Sell

Depending on how you approach it, selling your home can either be a quick, painless process or a total nightmare. The more prepared you are, the less time your home will spend on the market and the sooner you will get paid.

Along with finding a good listing agent to oversee the sale of your home, you should also put time and effort into sprucing it up before it goes on the market. Today's buyers expect to see homes that are attractive, clean and move-in ready. If your home does not meet these criteria, it could languish on the market with little or no interest for months or years. The following will help you prepare your home for sale, improving the chances of getting an offer right away.

Make Every Surface Sparkle

No one wants to buy a home that is dirty, smelly or messy. Put yourself in the position of a buyer and imagine walking into a home that had stains in the bathtub, unusual smells in the kitchen or clutter everywhere throughout the home. Chances are you would walk right back out the door without making an offer.

The same holds true for potential buyers viewing your home. Any signs of dirt, clutter or unpleasant odors could send them packing. Cleaning your house from top to bottom is the best way to avoid this. Be sure to view your home with a critical eye as you clean. Sometimes, it is easy to become so used to odors or stains that you overlook them. Buyers, however, have keen eyes that will catch every speck of dirt or grime.

Living Room

Stage Your Home

Home staging is the process of decorating your home in such a way that it appeals to as many buyers as possible. In most cases, this means painting the walls in neutral colors, hiding personal...

Joe Heron's Louisville, Kentucky

From Departures.com: The distiller behind Copper & Kings—makers of exceptional American brandy and absinthe—tells us why the Derby town is home to so much more than just the two most exciting minutes in sports. Louisville denizen Joe Heron helped re-popularize hard cider in America when he founded Crispin in 2004. Read more.

Copper and Kings

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Olmsted Parks Conservancy

Did you know Louisville is home to 18 parks and 6 parkways designed by the firm of noted landscape architect, Frederick Law Olmsted? Widely known as the designer of Central Park in New York City and the U.S. Capitol Grounds in Washington, D.C., the system of Louisville parks and parkways designed by Olmsted is one of the largest in the United States. The Louisville Olmsted Parks Conservancy was founded in 1989 to "restore, enhance and forever protect" these natural treasures. Watch this informative video to learn more.

Kentucky Select is proud to again be a sponsor of the annual "Power of Olmsted Parks Breakfast". This year's breakfast is Thursday, May 19. Click here for for more information.

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36 Hours in Louisville, Kentucky with The New York Times

LOUISVILLE bolts into the public eye for 120 seconds each May, but there is more to this courtly city on the Ohio River than the Kentucky Derby. The last decade has seen a cultural and civic blooming, with new galleries, restaurants and performance spaces taking their place alongside the city’s already robust roster of seductions. Entire neighborhoods — Butchertown, for instance, and East Market — have been reimagined as engines of cultural and culinary expression. Read more.

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What's New in the Louisville Food Scene with Ivor Chodkowski

The Kentucky Select team got a great update recently on the farm-to-table and Community Supported Agriculture (CSA) scenes from one of Louisville's most celebrated farmers, Ivor Chodkowski.  Ivor is the owner/operator of Field Day Family Farm and a founding owner of Harvest Restaurant in NuLu. In addition to the mechanics of helping our clients buy and sell real estate, Kentucky Select agents see themselves as ambassadors for our beloved Louisville. We're always up for learning about cool things going on in our city!

Ivor Chodkowski

 

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