Paul's Blog

A place to learn about Lexington Kentucky and to discover "the New World of Real Estate in Central Kentucky. Paul is passionate building strong, life long relationships. His goal is to make his clients so pleased with his help they will want to introduce him to others they care about. Paul works By Referral Only. This is a safe place to question, discuss and share life authentically.

The Rector Hayden Market Report for Central Kentucky is Quite a Mixed Bag of Results for March 2012

The number of homes sold in Central Kentucky continued to rise in March,

Central Kentucky Sales Prices by County for March 2012
Central Kentucky Sales Prices Rise and Drop Depending on the County

What happened to prices in Central Kentucky for March 2012?

Prices continued to fall the first two months of 2012 in Central Kentucky even though the number of houses sold increased.   The number of homes sold continued to rise in March. In fact according the the Rector Hayden Market Report for April 2012 sales continued to rise and prices finally rose also in some counties.

Don't get too excited.

 Prices are still lower than they were in 2004 for the Central Kentucky housing market and continue to be three percent lower than they were for 2011.

Some Central Kentucky Counties Post Gains in March 2012, Others Lose.

The best news may be that Fayette, Bourbon and Clark counties all have show a slight gain in 2012.  Unfortunately Jessamine, Madison, Scott and Woodford counties have all shown sharp losses.  

Why are some counties home prices increasing and others dropping?

It is hard to pinpoint why some of the outlying counties have had slight gains and others sharp losses this year.  I first thought maybe it has something to do with a high priced horse farm selling in some of the counties.  However upon looking closely at the sales for all seven counties none of the outlying counties with horse properties had anything sell for more than $600,000.

The rising prices of gas would explain why more people may not want to move out of the outlying counties.   Energy costs can certainly be a reason why home prices may be going up in Fayette County.  Most of the employment is in the urban area and people will save on gas living in Fayette County.  However Bourbon and Clark counties also saw increases in prices and both have significant commutes to Lexington.

The Toyota Plant in Georgetown is the third largest employer in Central Kentucky.  However prices continued to drop substantially in Scott County the location of the Toyota plant.

YouTube Icon LinkFacebook Link to Paul's Account

Rector Hayden Reators LogoThe Jubilee Team Logo

Click Here to Search for Homes at LBAR.com

 

 

Paul Campbell

The Jubilee Team of Rector Hayden Realtors

Lexington's Green Thumb Realtor

The Jubilee Team,  Paul Campbell and Dorothy LaBar

Paul's Contact Info:  859.684.5890   pcampbell@rhr.com

Dorothy's Contact Info:  859.608.0724  dorothy@rhr.com

A Google Map Showing Where the Jubilee Team Helps Sellers and Buyers.

A map of Central Kentucky Showing Where The Jubilee Team Helps Sellers and Buyers

Comment balloon 0 commentsPaul Campbell Realtor Lexington • April 11 2012 04:49PM
The Rector Hayden Market Report for Central Kentucky is Quite a Mixed…
share
The number of homes sold in Central Kentucky continued to rise in March, Central Kentucky Sales Prices Rise and Drop Depending on the County What happened to prices in Central Kentucky for March 2012? Prices continued to fall the… more
7. 5 acres, ready to build and so close to Lexington, $64, 900
share
Convenient Location A beautiful lot with so many possibilities to enjoy nature's best in Kentucky. 485 Marble Creek Lane in Nicholasville Kentucky offers you turkey and deer in your own meadow on seven and a half acres. This… more
Huge Rooms so Close to Downtown, Huge Garage, Great Price!
share
Very Large Rooms for the Family that Wants Space. See the Virtual Tour Huge home waiting for the family that needs lots of room. You won't find these sized rooms in this priced home anywhere in Lexington. The spare… more
March Madness is more than basketball. Summer temperatures in March?
share
My Fascination with Weather Winter;s Whiteness Blankets Lexington Kentucky My memories are laced with planning my farming and gardening around the weather. The weather dictates to a farmer much of what they can or cannot do. I… more
Meadows, rolling hills and a pond waiting for your enjoyment only 15…
share
Convenient Location A beautiful lot with so many possibilities to enjoy nature's best in Kentucky. 485 Marble Creek Lane in Nicholasville Kentucky offers you turkey and deer in your own meadow on seven and a half acres. This… more
Early Spring Gardening with the Grandchildren
share
Warm Weather Arrives Early The recent summer like weather gave me the opportunity to spade some ground and start planting some seeds for the spring garden. Little Ones Help Little helpers watch Grandpa cover the arugula. Sam… more
Is Summer Really Here?
share
Is this for Real? This stretch of summer like weather has us all wondering, "Is this for real", or will we soon be brought back to reality. Averages are about 15 degrees above normal - near early May temperatures. The… more
Too Busy, Want to Slow Down? You Won't Want to Miss this Party?
share
Friends, If you are tired of trying to live life in the "fast lane" then you need to put this date on your calendar right now! Friday, March 23 The Morris Book Shop 882 E High Street 6:30-9:30 pm .. more
Get a Good Start on the Night We Lose an Hour
share
What can you do to help next week go as smoothly as possible when we lose an hour. 1. Go to bed an hour early. Nothing you did not know but something I find hard to do. 2. Eat your meals an hour earlier and make sure you do not eat… more
Housing Sales Prices Continue to Decline in Central Kentucky.
share
Housing Prices Were Down in Central Kentucky for 2012. The average price of a home that has sold in 2012 in Central Kentucky was over $10, 000 less than the sale price price of homes in 2011. The average sale price of homes in Central… more