What's Happening in the Real Estate Market 11/1/09

Wednesday, November 4, 2009 by Market News

What's going on in the real estate market, with Elizabethtown homes for sale, Anchorage Kentucky real estate, New Albany Indiana real estate...every city in the areas of Greater Louisville, Southern Indiana, and Etown/Ft. Knox?  Long story short - things are much (MUCH!) better this year than they were at this time last year.  
Click here to view the Regional Market Snapshot for 11/1/09
For instance, when you compare the first Sunday in November, 2008 to this past Sunday (the first Sunday in November, 2009) here's what you'll see:

• Number of homes sold in October, 2008 in the Greater Louisville area: 760
• Number of homes sold in October, 2009 in the Greater Louisville area: 975

• Number of homes sold in October, 2008 in the Southern Indiana area: 168
• Number of homes sold in October, 2009 in the Southern Indiana area: 263

• Number of homes sold in October, 2008 in the Elizabethtown/Ft. Knox area: 98
• Number of homes sold in October, 2009 in the Elizabethtown/Ft. Knox area: 133


What does this mean?  It means that Realtors are selling 34% more homes this year than they were last year at this time.  Buyers are buying 34% more homes this year than they were last year at this time.  The real estate market is not at "rock bottom" anymore!  So why not celebrate?  Buy a new home! 

Sales and attitudes about real estate have gotten better.  Do you think this is due to the tax credit that was offered for this year or was it some other reason?



Remember that the MLS data changes all the time, so the numbers will be 99.9% accurate as of the end of the day Sunday.  The data on the snapshot comes directly from the MLS websites.  We are not doing any special programming to produce these numbers.



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Market Stats for Louisville Real Estate and Surrounding Areas 10/25/09

Wednesday, October 28, 2009 by Market News

If you want Louisville home average listing prices, you're in the right place.  If you're looking for Jeffersonville Indiana homes "sold" prices, look no further.  For Elizabethtown KY real estate information, don't move that mouse.  As we do each week, we are again this week offering you a concise explanation of how the real estate market in these areas really looks.
Click on the Regional Market Snapshot below for more details.

Click here for this week's Regional Market SnapshotThis past month:

  • Home sales prices hovered around 96%-ish percent of what they were listed for.
     
  • The number of homes sold in the Greater Louisville Kentucky real estate market nearly broke the 1000 unit mark, at 999 properties.
     
  • Homes in the Greater Louisville area, Southern Indiana area and Etown/Ft. Knox areas combined averaged 109 days on the market.

If this snapshot has done no more than pique your interest about real estate, by all means, get in touch with a realtor or visit a website that lists thousands & thousands of homes currently for sale in the area.  What do you think about the current state of the real estate market today?  Has it gotten better?




Remember that the MLS data changes all the time, so the numbers will be 99.9% accurate as of the end of the day Sunday.  The data on the snapshot comes directly from the MLS websites.  We are not doing any special programming to produce these numbers.
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Join us for a Real Estate Career Opportunity

Monday, October 26, 2009 by Talent Selection Update

It's true that you can be your own boss...with your own hours...and determine your own income!

Semonin Realtors is offering a FREE seminar for you to learn if selling real estate is a fit for you.

Click here for more information on a career in real estate.
You'll learn:

  • How to get started
  • License requirements
  • Real estate schools
  • Start-up investment
  • Earnings potential
  • What Semonin Realtors will do to insure your success


Come to one of the following seminars:


October
Tuesday, October 27 at our New Albany Office at 6:30 p.m.
Thursday, October 29 at our Brownsboro Office at 6:30 p.m.

November
Tuesday, November 17 at our New Albany Office at 6:30 p.m.
Thursday, November 19 at our Brownsboro Office at 6:30 p.m.


CALL (502) 394-6195  OR CLICK HERE TO REGISTER.

Whether you are interested in helping buyers and sellers with Louisville real estate, Southern Indiana homes, Shelby County real estate, or home and properties in other areas, these seminars are just the place for you.  Don't miss it!

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Your Neighborhood Real Estate Information for 10/18/09

Wednesday, October 21, 2009 by Market News

When you click on the image to the right, the Regional Market Snapshot, you will be able to view real estate information in your neighborhood and surrounding areas.  This snapshot covers home listing, selling and expired statistics from Goshen realtors, Louisville Kentucky realtors, Radcliff Kentucky realtors and Southern Indiana realtors. 

  • Find out how the average number of days homes stayed on the real estate market in the last year compared to the last 30 days.
     
  • Learn how the current average list price compares with the average sales price from the past 12 months.

Find out even more by coming back each week to view the updated Regional Market Snapshot for Jefferson County Kentucky homes all the way to Elizabethtown real estate.  Still not enough?  Be sure to contact a Semonin real estate agent for personal, professional real estate guidance.



Remember that the MLS data changes all the time, so the numbers will be 99.9% accurate as of the end of the day Sunday.  The data on the snapshot comes directly from the MLS websites.  We are not doing any special programming to produce these numbers.
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Located in Oldham County - Clarke Pointe Subdivision

Tuesday, October 20, 2009 by Buyers Blog
Oldham County Real Estate - Ky Real Estate for Sale


This new Semonin listing offers exceptional quality and a smart design.  This all-brick ranch sits on one of the nicest lots in Oldham Co.  This 1+ acre property backs up to several acres of well maintained neighborhood common area providing additional room for all kinds of outdoor activity and a back deck view that seems to go on forever across the beautiful countryside.  With many upgrades, this home is ready to move-in!




2013 Clarke Pointe
Crestwood, Ky 40014


This 4 Bedroom, 3 Bath Home Offers:


  • Covered front porch offering spectacular views
  • New granite countertops in kitchen and stainless appliances
  • Abundance of kitchen cabinets in the spacious eat-in kitchen
  • Walk-Out Finished Basement which includes large family room/game room
  • Lots of unfinished storage area
  • Beautiful and oversized master suite
  • Incredible covered deck stretching across the backside of this home
  • 2 Car Attached Garage
  • New roof, new flooring, paint and fixtures

Let Garrett Ackles or Marilyn Chavez show you this beautiful home or any Kentucky Real Estate for sale.




For More information click here



Garrett Ackles
Semonin Realtors
502-645-2943
Email: Garrett@GarrettAckles.com

Website:
GarrettAckles.semonin.com








Marilyn Chavez
Semonin Realtors
502-457-1250
Email: mchavez@semonin.com

Website:
marilynchavez.semonin.com




This information is believed to be accurate but not warranted. Offer subject to errors, changes, omissions, prior sales, and withdrawals without notice.
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A Green Halloween!

Monday, October 19, 2009 by Marilyn Chavez

Louisville Community Information: A Green Halloween

Written by: Marilyn Chavez with Semonin Realtors
www.marilynchavez.semonin.com

 

Living “green” doesn’t just mean recycling old newspapers. It can even be applied to holidays like Halloween! Here are a few tricks to treat the environment.

 

When it’s time to find a costume for the event, start with old clothing from your own closet or a thrift store. Reuse an old costume or swap with a neighbor or friend. Organize a play date with friends to swap costumes that children have outgrown. Donate used costumes to daycare centers or shelters.

 

Save and reuse Halloween decorations year after year, or make “new” decorations using recycled materials. (One suggestion that might not work as well is to stop dusting your home for October: by the 31st, natural cobwebs will abound!) After the holiday, compost pumpkins, straw and other organic materials to use as fertilizer in your garden. 

 

Send children out with reusable buckets, canvas bags or pillow cases as they collect their treats on Halloween night. Teach children to dispose of candy wrappers properly rather than littering. Choose to hand out treats with minimal packaging or forego candy and offer more practical items like pencils, pens, erasers or coins.

 

Learning to live green includes responsibly celebrating beloved holidays. Have a safe, happy and GREEN Halloween!

 

Source: EarthShare (www.earthshare.org)

 
 


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Real Estate Market Statistics Comparisons for Ft. Knox, Southern Indiana, and Greater Louisville Areas 10/11/09

Wednesday, October 14, 2009 by Market News

This week's Regional Market Snapshot comparison is focusing on differences in statistics between this year and last year all throughout local areas such as Harrison County Indiana homes for sale, Hardin County real estate, and Louisville real estate.  Last year at this time, the real estate market was just beginning its temporary decline.  Throughout this year, many people have been scared to do too many things "real estate related" because of the settling down of real estate activity.

Funny thing is, when you look at real estate market statistics from October, 2007 to October, 2008 and compare them to statistics from October, 2008 to October, 2009, this is what you'll find:

Regional Market Snapshot for 10/11/09In the 12 months spanning October, 2007 to October, 2008, the average number of days properties spent on the market was as follows:

Greater Louisville Area: 84
Southern Indiana Area: 105
Etown/Ft. Knox Area: 144

In the 12 months spanning October, 2008 to October, 2009, the average number of days properties spent on the market was as follows:

Greater Louisville Area: 88
Southern Indiana Area: 110
Etown/Ft. Knox Area: 146

As you can see, even in a "down turned economy" (don't you hate the sound of that?), properties spent only an average of about 4 more days on the market than the year before, in what used to be considered a "normal" real estate market.




Remember that the MLS data changes all the time, so the numbers will be 99.9% accurate as of the end of the day Sunday.  The data on the snapshot comes directly from the MLS websites.  We are not doing any special programming to produce these numbers.


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October 4th Real Estate Market Activity for Southern Indiana, Greater Louisville, and Elizabethtown

Tuesday, October 6, 2009 by Market News

Regional Market Snapshot for 10/4/09When you look at the weekly Regional Market Snapshot, you will be able to see current real estate numbers and figures.  It will tell you how many properties were listed and sold in the last month & the last year.  You can see what the current average list price of properties is.  There is a plethora of information contained in this one sheet snapshot.

In the past 12 months, the sales prices versus the list price of properties for Elizabethtown homes for sale, Jefferson County real estate, Oldham County real estate, and New Albany Indiana homes (along with surrounding areas) are as follows:
  • Ft. Knox Area/Elizabethtown area homes sold for 95.6% of their list price.
  • Greater Louisville area homes sold for 95.4% of their list price.
  • Southern Indiana area homes sold for 95.2% of their list price.

Check back next week for more quick real estate stats from Semonin Realtors.




Remember that the MLS data changes all the time, so the numbers will be 99.9% accurate as of the end of the day Sunday.  The data on the snapshot comes directly from the MLS websites.  We are not doing any special programming to produce these numbers.
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Regional Market Snapshot for Sunday, September 27, 2009 - Ft. Knox, Greater Louisville, & Southern Indiana Areas

Wednesday, September 30, 2009 by Market News

Regional Market Snapshot for 9/27/09This week's Regional Market Snapshot, as these snapshots always do, features statistical information about the currently active real estate inventory, the last 30 days of real estate inventory, and the last 12 months of real estate inventory.  It covers Elizabethtown KY real estate and Jefferson County real estate in Kentucky.  It also includes Southern Indiana real estate.

So here's what we'll do this week: let's do some averages of numbers from the past year's inventory for the three markets covered in the Regional Market Snapshot.

In the last 12 months, for the Greater Louisville area real estate market, Southern Indiana area real estate market, and Elizabethtown/Ft. Knox real estate market combined:
  1. The average number of homes sold was 5,027
  2. The average sales price was $137,280
  3. The average sales price vs. list price was 95.4%
  4. The average number of days on the market was 115
For more Kentucky new home information or Southern Indiana homes info, you can go to www.semonin.com, or you can search for a realtor for that personal touch.



Remember that the MLS data changes all the time, so the numbers will be 99.9% accurate as of the end of the day Sunday.  The data on the snapshot comes directly from the MLS websites.  We are not doing any special programming to produce these numbers.
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Oldham County Greenways Project

Tuesday, September 29, 2009 by Maggie Terry
OLDHAM COUNTY TRAILS PROJECT
The Oldham County Greenways project was organized with the goal of connecting LaGrange to Pewee Valley with 13 miles of walking and biking trail. According to OldhamCountyGreenways.org the goals for this ambitious project are:
 
  • Connect community schools, businesses and parks
  • Promote healthy living
  • Promote small town businesses
  • Give kids and adults a place for sale, inexpensive activity
  • Increase property values of existing land (Oldham County Real Estate)

Phase 1 of construction of the Commerce Parkway Trail began in September of 2008 in the LaGrange area with a 1.2 mile stretch of trail from the Oldham 8 Plaza and Oldham County Public Library to Allen Lane.

Phase 2 is currently under way and will connect Allen Lane to Hwy 393 with an additional 1.8  miles of trails.

Visit www.OldhamCountyGreenways.org additional information including maps and the planned phases of this project.

 


Maggie Terry with Semonin RealtorsMaggie Terry of Semonin Realtors
(502) 548-5396
www.MaggieTerry.semonin.com
Selling Kentucky Real Estate
Specializing in the East End of Jefferson County and Oldham County Real Estate



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Real Estate Market Update for Southern Indiana, Greater Louisville, and Elizabethtown Kentucky Areas 9/20/09

Wednesday, September 23, 2009 by Market News

Regional Market Snapshot for 9/20/09The Regional Market Snapshot for September 20, 2009 shows a lot of different statistics.  Below are some stats for the active inventory - what's currently happening in our three local real estate markets.

For Anchorage Kentucky real estate, Buckner real estate, and other area Kentucky real estate for sale (Greater Louisville Area):

  • Active Residential Listings: 9,678
  • Average List Price: $241,308
  • Months of Inventory: 10.1


For Clarksville real estate, Corydon homes for sale, and other Southern Indiana real estate in the area:

  • Active Residential Listings: 2,171
  • Average List Price: $171,228
  • Months of Inventory: 9.6


Fort Knox homes for sale, Hardin County real estate, and other Elizabethtown KY real estate have these numbers:

  • Active Residential Listings: 1,366
  • Average List Price: $167,081
  • Months of Inventory: 9.0

 


Click here, or on the Regional Market Snapshot graphic above to find out more about what's been happening in your real estate market.  And be sure to go to www.Semonin.com to find homes and properties for sale, community information, and to help choose your realtor!



Remember that the MLS data changes all the time, so the numbers will be 99.9% accurate as of the end of the day Sunday.  The data on the snapshot comes directly from the MLS websites.  We are not doing any special programming to produce these numbers.
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Louisville Kentucky and Southern Indiana real estate print advertising. How many homes and condos made the newspaper this week?

Tuesday, September 22, 2009 by Market News
Posted by Tim Moore
VP of Marketology - Semonin Realtors

Sunday, September 20, was the day after the Governor's Cup football game between the University of Louisville and the University of Kentucky football teams.  This year's game was played in Lexington.

Playing sports, especially college level sports, is about competition between teams and fans.  It's also about spending large amounts of money for facilities, training, coaches, tailgating, food, drinks and more.  Both players and fans adopt habits before and after each game which gives the sporting events even more reason to enjoy.

When Semonin Realtors helps buyers and sellers purchase real estate in Louisville Kentucky, Elizabethtown KY, and southern Indiana we also adopt habits before and after the transaction.

These habits are as unique as the real estate agents working the deals.  Some agents and sellers believe newspaper advertising continues to be a great way to help sell a home.  Other agents focus their time and energy on Internet sites, yard signs and networking with agents.

Pricing the home correctly with a company with strong marketing capability helps sell homes.  One agent recently said it use to be location, location, location for real estate.  In this market it seems to be price, price, price.

Louisville homes for sale and southern Indiana homes are marketed many ways.  Each week on this blog we compare the number of homes and condos for sale by local real estate brokers with the number of advertisements appearing in the Sunday real estate section J of the Courier-Journal.

Why compare Jefferson County real estate marketed in the paper versus total inventory available?  Because our marketing game plan has changed and in 2009 we are using this blog to track how print media is being used.

Current available inventory this past weekend was over 13,400 homes and condos for sale in our market.

The Sunday newspaper marketed approximately 420 listings in the real estate section J.  1/3 had photos of the property.  1/5 were just one liners of properties (address and price on most of these).  The rest were marketed with no photos but some kind of description.

In the final calculation, just a little over 3% were marketed in the newspaper this past Sunday.

Why care about this calculation.   We care because new methods exist in 2009 to market homes to buyers.  Internet sites are 1000% more like to find buyers for a property these days.

We recommend visiting Semonin.com when you need to find a home in the Greater Louisville Kentucky area, Elizabethtown/Fort Knox, or southern Indiana real estate.
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Join us for a Real Estate Career Opportunity!

Tuesday, September 22, 2009 by Talent Selection Update


Click here for information on a Career in Real Estate
It's true that you can be your own boss...with your own hours...and determine your own income!

Semonin Realtors is offering a FREE seminar for you to learn if selling real estate is a fit for you.


You'll learn:

  • How to get started
  • License requirements
  • Real estate schools
  • Start-up investment
  • Earnings potential
  • What Semonin Realtors will do to insure your success


Come to one of the following seminars:

September
Tuesday, September 22 at our New Albany Office at 6:30 p.m.
Thursday, September 24 at our Brownsboro Office at 6:30 p.m.


October
Tuesday, October 27 at our New Albany Office at 6:30 p.m.
Thursday, October 29 at our Brownsboro Office at 6:30 p.m.


CALL (502) 394-6195  OR CLICK HERE TO REGISTER.

Whether you are interested in helping buyers and sellers with Louisville real estate, Southern Indiana homes, Shelby County real estate, or home and properties in other areas, these seminars are just the place for you.  Don't miss it!


0 Comments »

Advantages of Building on a Wooded Home Site

Wednesday, September 16, 2009 by Buyers Blog

Advantages of Building on a Wooded Home Site


Building your dream home on a wooded lot provides numerous advantages. Besides providing a beautiful and natural setting there are many tangible benefits as well.

 

  • Modified Temperature Extremes
  • Reduced Utility Bills
  • Wind Control
  • Wildlife Habitat
  • Air Purification

 

According to the Outdoors/Living Green article in the Better Homes and Gardens August 2009 issue, trees have a major effect on energy savings. Although each site is unique, one study showed that mature trees properly placed around buildings can reduce air conditioning needs by 30% and heating needs by 20% which can add up to substantial savings. Please visit the US Department of Energy website at www.energy.gov for more detailed information on the reduction of energy bills.

 

The Sanctuary


The Sanctuary is a gorgeous, private development located in Crestwood that provides the perfect opportunity to build your dream home on a large, wooded home site. Visit www.OldhamSanctuary.com for more information.



Maggie Terry with Semonin Realtors 


Maggie N. Terry of Semonin Realtors
Real Estate Agent Kentucky
(502) 736-5548
Specializing in Selling Real Estate in Louisville and Oldham County
Go to www.MaggieTerry.semonin.com to search for KY Real Estate for Sale



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Elizabethtown and Greater Louisville, Southern Indiana Real Estate Market Update September 13, 2009

Wednesday, September 16, 2009 by Market News
Regional Market Snapshot for 9/13/09
Taking a look at the most recent Regional Market Snapshot, we can find out quite a bit of information about the goings-on in the real estate marketplace for cities and counties like Hardin County KY, Jefferson County, KY, surrounding areas, and Corydon homes for sale, Clark County Indiana homes, etc. 

Here's some information from the past month's statistics:
Jefferson County real estate (and the Greater Louisville area):

  • There were 2,243 new single family homes & condos put on the market.  938 single family homes & condos sold.
  • Southern Indiana real estate: 411 homes listed.  210 homes sold.
  • Fort Knox and Elizabethtown real estate: 232 homes listed.  154 homes sold.

Check out more stats by clicking on the graphic above.  You can also see this snapshot and thousands of properties currently for sale at www.Semonin.com .



Remember that the MLS data changes all the time, so the numbers will be 99.9% accurate as of the end of the day Sunday.  The data on the snapshot comes directly from the MLS websites.  We are not doing any special programming to produce these numbers.


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How many properties for sale by realtors appeared in the Sunday real estate section in the Greater Louisville Kentucky area? We have some numbers for you.

Tuesday, September 15, 2009 by Market News


Posted by Tim Moore
VP of Marketology - Semonin Realtors

The Sunday front page of the Courier-Journal talked about suicide in the military, health care choices facing employees, and a former state official charged with 6 counts of wanton endangerment.

It is getting difficult to find something on the front page that relates to the local real estate market each week.

The best item on the front page which related to real estate was the advertisement at the bottom of the page marketing Porter paints.  Since I'm painting my own home after three years of living there this was the best reference I can use for real estate.

Below you will find some numbers which compare the number of properties marketed in the local paper versus the number of properties listed by Realtors in the local marketplace.  This may help PAINT THE PICTURE that thousands of homes for sale in Louisville Kentucky, Elizabethtown Kentucky, and southern Indiana are marketed in places besides the local printed newspaper.

This weekend our local market had close to 13,400 single family homes and condos listed by hundreds of local real estate agents.  The listings on the market included most of the homes for sale in Louisville and Jefferson County Kentucky.  They also included New Albany real estate, and Elizabethtown homes for sale.

These numbers do not include for sale by owner properties, just homes listed by Realtors and brokers.

Approximately 330 single family homes and condos were marketed in the Sunday Section J of the Courier-Journal.  Some were marketed has open houses in Jefferson County and surrounding areas.  131 of the ads had one photo of the home.  159 had no photos of the home.  The rest were just one liners noting address, price, bed, baths and little else.

When you do the math comparison of single family homes and condos on the market versus those shown in the newspaper, the percentage is approximately 2.5% of the homes in the area.

If you work with a Realtor, they have access to all the homes in the marketplace.  If you drive around and look at all the yard signs then you have access to all the homes for sale in the market.  If you look at homes for sale on the Internet, then you will probably see close to 99% of the homes for sale in the marketplace.

As resources go for finding your dream home in Louisville KY, Elizabethtown KY, Radcliff KY, Mt. Washington KY, New Albany IN, Jeffersonville IN or places far and wide in the local region, we recommend you use the Internet and sites like Semonin.com to research your properties and then work with a great real estate agent.  We have thousands of properties to view on Semonin.com and hundreds Realtors to help you at Semonin.
 


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Great Home Located in Prairie Village

Monday, September 14, 2009 by Buyers Blog


This new Semonin Listing has plenty of space inside and out! Located in Jefferson County, Prairie Village is a subdivision within Valley Station.

A wonderful community, Valley Station has outstanding recreation centers; including the Sun Valley Park and Golf Course, the Jefferson County Memorial Forest, and Waverly Park.  Prairie Village Baseball has been in the neighborhood for over 40 years and an important part of the community.
 


Jefferson County Real Estate
9802 Holiday Drive
Louisville, Kentucky 40271


This 3 Bedroom Ranch has it all:
  • Updated Kitchen with new cabinets, countertops and ceramic tile floor.
  • 2 Baths recently updated with ceramic tile and granite counterop.
  • Spacious Family Room in with built in bar and additional Kitchen for entertaining.
  • Large 2 Car Garage
  • Smart design floor plan!
  • A well designed front yard makes an attractive entrace to this home.


Let Brenda Thompson show you this beautiful home or any Louisville Homes for Sale/Jefferson County Real Estate for Sale.


See additional details on this Valley Station Home





Brenda Thompson
Semonin Realtors
502-553-0927
Email: bthompson@semonin.com


Website:
brendathompson.semonin.com







This information is believed to be accurate but not warranted. Offer subject to errors, changes, omissions, prior sales, and withdrawals without notice.
0 Comments »

Real Estate At-A-Glance for September 6, 2009: Southern Indiana, Elizabethtown, and Greater Louisville Areas

Tuesday, September 8, 2009 by Market News


Here is your weekly at-a-glance report for the current real estate market, encompassing Fort Knox homes, Greater Louisville homes and Southern Indiana homes.

You can see that in the past year, the sales price versus listing price of homes was about 95%.  That means that, on average, homes sold for approximately 95% of the price they were listed for.

 

Greater Louisville Area homes sold for 95.5% of the list price.

Southern Indiana Area homes sold for 95.3% of the list price.

Etown/Ft. Knox Area homes sold for 95.6% of the list price.

Click here for more great information on the local real estate market.  Or click here to search thousands of homes for sale!



Remember that the MLS data changes all the time, so the numbers will be 99.9% accurate as of the end of the day Sunday.  The data on the snapshot comes directly from the MLS websites.  We are not doing any special programming to produce these numbers.

0 Comments »

Real Estate Market Inventory for Southern Indiana, Greater Louisville, and Elizabethtown August 30, 2009

Thursday, September 3, 2009 by Market News
Real estate is moving and shaking for Southern Indiana homes, Fort Knox real estate and Jefferson County Kentucky homes (and surrounding areas).  With the incredible weather we've been having, it doesn't seem like much of a surprise that people have real estate fever!  Look at the number of homes currently for sale:

  • Elizabethtown/Fort Knox area homes for sale: 1,355
  • Greater Louisville area homes for sale: 9,565
  • Southern Indiana area homes for sale: 2,190

That's over 13,000 homes for you to choose from for Jefferson County real estate, Anchorage Kentucky real estate, Clark County Indiana homes, and more!

Make sure you stop by www.Semonin.com to search for your next home.  You can set up your own search there and be notified when new homes matching your criteria come on the market.  And remember to check back in to blog.semonin.com for a weekly Regional Market Snapshot update.



Remember that the MLS data changes all the time, so the numbers will be 99.9% accurate as of the end of the day Sunday.  The data on the snapshot comes directly from the MLS websites.  We are not doing any special programming to produce these numbers.
0 Comments »

How did print media advertise local real estate for sale in Louisville KY and surrounding areas for August 30 2009? We have some numbers from the Sunday newspaper.

Monday, August 31, 2009 by Market News
Posted by Tim Moore
VP of Marketology - Semonin Realtors

The Sunday Courier-Journal front page headlined with one of our area's former high school football coaches being on trail for killing one of his players in football practice.  The other leading headline was about the funeral of Sen. Edward Kennedy.

Once you got beyond death on the front page, the CJ had an article about AT&T launching a TV service in Louisville.  The article noted our local cable provider, Insight Communications, was going to have some competition.

If you want an industry with some competition then just look at the real estate industry.  Home buyers and home sellers have hundreds of local brokerage companies and thousands of local real estate agents to pick from.   When a seller has some Kentucky Real Estate for Sale they usually like to work with an agent they know or one that has been referred to them.  Same thing goes with Southern Indiana real estate, you like to work with people you know.  Many agents get name recognition through the properties they have for sale and their personal marketing in various forms of media.

Competition is one of the hallmarks of the real estate business.  The large real estate companies are actually the exception in the real estate industry.  Most brokerage companies have less than 10 agents.  Only a handful have more then 100 agents and only 3 companies in the state of Kentucky have more than 500 agents. 

When you look at the real estate section of the Courier-Journal on any given Sunday you will see a lot of different brokerage companies represented and a lot of different agents doing the advertising of their properties, their companies, and their websites.

It is a real mixed bag of ads which appear each week in the real estate section for Louisville KY home buyers and sellers.  One of the recommendations we like to promote at Semonin Realtors is pushing buyers to the Internet and specifically Semonin.com to view property information.  When you look at the newspaper you are seeing a small portion of the actual homes on the market in Jefferson County, Bullitt County, Oldham County and other KY counties.  With a few mouse clicks you can see hundreds of homes for sale in Southern Indiana on the web versus a handful in the newspaper.

This week, a little over 500 single family homes and condos were marketed by Realtors in the Greater Louisville area.  Less than half of these had pictures with the ads.

The local marketplace had over 13,000 homes for sale by Realtors in the local communities in Louisville, Elizabethtown, and Jeffersonville, IN.

This weekend was a big advertisement day for the CJ.  They were offering brokerage companies and real estate agents a deep discount for advertising in the paper and still... just a little over 500 properties appeared in the paper on August 30th.  About 3.9% of the homes for sale by Realtors were marketed in the paper this past Sunday.

The newspaper does have readers looking for real estate.  It is a very small percentage.  Annual surveys by the National Association of Realtors (NAR) show only 3% of buyers first learned of the home they purchased through newspapers.  In the 2008 NAR survey, 32% of buyers first learned of their home on the Internet.

We recommend you look to the web for real estate information and to specifically look to Semonin.com for real estate information.
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