Lexington, KY Real Estate News

By Danielle Field, Redfin Market Manager
(Redfin)
  Danielle Field Rector-Hayden Realtors Office: 859-269-7331 Cell: 859-230-4008 Email: dfield@rhr.com View your Rector-Hayden Market Report by clicking the buttons to the right. This report is a monthly overview of the Lexington and Central Kentucky real estate market, featuring up-to-the-month statistics, trends and information!  I know you’ll enjoy reading it. Please contact me with your questions and comments…and with information on any friends or acquaintances who are planning to move.  They’ll receive the best, professional service from me!     Equal Housing Opportunity
Comments 2
By Lizette Fitzpatrick, Lizette Realty, Lexington KY MLS - Kentucky Homes
(Lizette Realty - Richmond KY)
Hmmmm...I wonder why it expired? Let me take a look into this. As I pull up the MLS expired list...There is only one picture of the house.It isn't a picture that I can even see the house.(Note: this isn't the real expired listing picture I'm blogging about)...but it is an excellent example!  Usually, no inside pictures mean the inside looks bad and not staged or...  My next thought...who had it listed?Ohhh...I see. Maybe it's an agent that is possibly unfamiliar with the Internet or might be not good with taking multiple pictures and would have no idea on how to do virtual tour. I google their name...no website. Undaunted, I check their board information. No personal website there (or email address). How does this agent operate in the real world? I'm almost permanently attached to my co...
Comments 26
By Erby Crofutt, The Central Kentucky Home Inspector, Lexington KY
(B4 U Close Home Inspections&Radon Testing (www.b4uclose.com))
I don't know who put this together.  I don't even know where it comes from. BUT, it is beautiful and I wanted to use it so share my wish with you. For those who celebrate it with me:   MERRY CHRISTMAS For those who celebrate in other ways: HAPPY HOLIDAYS   "So This is Christmas" Song & Slideshow I don't know how to start it automatically so it's a download from my file manager on my web server. I hope y'all enjoy it as much as I do.   -
Comments 11
By Erby Crofutt, The Central Kentucky Home Inspector, Lexington KY
(B4 U Close Home Inspections&Radon Testing (www.b4uclose.com))
A recent post by Shawn Martin ( Life Expectancies of components in your home ) got me thinking.Early on, I had agents complaining about my statements regarding home appliances (water heaters, furnaces, AC, etc) being at their end of design or useful life.   Well, I think it's important for people to know how old these things are and how much longer they could reasonably expect them to last.  Apparently my clients felt it was important too as they kept asking me how much longer "it" would last or how old "it" was. As support for my statements, I've been passing out the Freddie Mac "Schedule of Normal Appliance Life" chart from 1995 as part of my report support documents.  It's the newest I could find at the time I developed it.Reading Shawn's post, in which he quotes the National Associa...
Comments 7
By Lizette Fitzpatrick, Lizette Realty, Lexington KY MLS - Kentucky Homes
(Lizette Realty - Richmond KY)
Kentucky is the place to be! I like to think of it as the land where time stands still...at least the beauty and lush surroundings. Mile after mile of black plank fencing surrounds legendary Kentucky horse farms. I have lots of folks all over the USA contact me about Kentucky relocation. They want to know what is special about Central Kentucky, what is there to do here, what about jobs, about schools, where to board their pets(pet friendly hotels in Kentucky) and Kentucky homes for sale. Moving to Kentucky is a lot less scary when you have a good idea of what it is all about. I spend a lot of time gathering information and putting together a Kentucky relocation packet specifically tailored to your family's needs. As a lifelong resident I'm familiar with the area. My work as a Realtor wi...
Comments 5
By Erby Crofutt, The Central Kentucky Home Inspector, Lexington KY
(B4 U Close Home Inspections&Radon Testing (www.b4uclose.com))
So you're spending tens or hundreds of thousands of dollars on a home purchase, and paying the realtors 5 - 6% ($5,000 - $6,000 per $100,000) of the home's value. (Where do you think the seller gets the money to pay the realtors?)  Now it's time to find a Home Inspector and find out what they are going to charge. No matter how much you pay for a Snickers Candy Bar or, where you buy it, you still get a Snickers Candy Bar.  Same quality.  Same taste.  Same appearance. No matter how much you pay for a can of Campbell's Tomato Soup or, where you buy it, you still get a can of Campbell's Tomato Soup.  Same quality.  Same taste.  Same appearance. That maxim does not hold true when buying an opinion.  And face facts, a Home Inspection is just the Home Inspector's opinion (and the Inspector's a...
Comments 9
By Gene Keyse, Georgetown, Lexington, Kentucky Property Inspector
(4 Keyse Property Inspections)
November 15, 2007THE KENTUCKY HORSE PARK SOUTHERN LIGHTS STROLL ($)BIGGER AND BETTER THAN EVER!!Walk, run (5K with awards) or stroll your way through thousands of dazzling lights displays.Bring your dogs (must be on leashes)!Participants are asked to bring non-perishable food items for God's Pantry.First 500 registrants get a souvenir shirt.Free min-express train ridesPhotos with Santa ($5) to benefit the Rotary CLub winter coat program.EntertainmentRed Hats & Purple Chaps on horseback in lighted costumesPony rides ($5)Holiday shoppingDrawing for prizes5:30pm Registration6:15pm 5K Run/Walk sponosored by John's Run/Walk Shop & New Balance6:30pm Family Stroll - strollers, wagons and dogs on leashes are welcome!Come Visit the Southern Lights Display, located between Georgetown (Scott count...
Comments 1
By Lizette Fitzpatrick, Lizette Realty, Lexington KY MLS - Kentucky Homes
(Lizette Realty - Richmond KY)
 I clearly have some GREAT clients and it amazes me how talented they are! Dale Pyatt let me listen to a couple songs form his new CD and I was hooked. The band is Chicken Grease and you can catch them playing on Dec. 15 & 22 at the Kentucky Horse Park in Lexington, KY. The shows are at 7:00 or 8:30PMKick your feet up and click here for some really great entertainment. Then plan to go to the show..."Lazy Bone" CHICKEN GREASE Lizette Fitzpatrick - Baby Boomer Real Estate Relocation Specialist with Prudential Don Foster in Richmond, Kentucky. Rated number #1 featured Kentucky Realtor on Activerain.com and Localism.com. Publisher/Author for the only Central Kentucky email newsletter on local real estate listings and sold properties, Kentucky relocation, local events, homeowner information ...
Comments 6
By Erby Crofutt, The Central Kentucky Home Inspector, Lexington KY
(B4 U Close Home Inspections&Radon Testing (www.b4uclose.com))
Is your house haunted or are you being poisoned by carbon monoxide?orMore Stuff I didn't know I didn't know!! Back in June of 2007, when I first joined Active Rain, I posted an article I'd written some time back titled "Is it the Flu or Carbon Monoxide" based on research I had done when I had time to do such things.A few minutes ago, while flitting around one of the inspector message boards, I responded to a light hearted post about funny things said one of which was "paranormal home inspections.Surprisingly, there are people who advertise as paranormal home inspectors and have written self published books on it.  Anyway that isn't what this blog is about.  Just some background on how I got inspired to write this blog.From this website:  http://www.insightparanormal.org/index2.htmComes ...
Comments 12
By Danielle Field, Redfin Market Manager
(Redfin)
We are usually the last in our neighborhood to do anything seasonal. Always the last to mulch every Spring, last to plant annuals in the Summer, last to put out the Halloween scarecrow (this year he sadly didn’t make it out at all!), and of course last to hang the Christmas lights. But… not THIS YEAR! Ok, so we went a smidge overboard. Last Christmas due to a family death we did not even put up a tree so this year the spirit of the season has struck us early and my husband (AKA: Jason ‘Griswold’) had to show off his fancy light work. I am now proud to announce our home is the official emergency landing strip for Bluegrass Airport. Being the first house on our block, maybe even the neighborhood to roll out the festivities has its perks, for instance:  Neighbors we have never talked to ha...
Comments 8
By Lizette Fitzpatrick, Lizette Realty, Lexington KY MLS - Kentucky Homes
(Lizette Realty - Richmond KY)
The holiday freight train is rolling into Lexington KY right in the nick of time! Last night the festivities were changed up from past celebrations for the Christmas Parade and the Celebration of Lights. They were combined and at night!  What a great idea!Usually, the parade is in the morning at 10AM and the lighting of the tree on another day. The crowd that gathered last night got many new surprises and they stayed warm with hot chocolate and coffee supplied by many downtown restaurants.  At the center of the festivities, people crowed around fabulously decorated Robert F. Stephens Courthouse Plaza to see Santa, Mayor Jim Newberry and his family turn a "magic key" that lit up all of the city's new holiday decor. This even included fireworks shot off the district courthouse! WoW! Click...
Comments 5
By Erby Crofutt, The Central Kentucky Home Inspector, Lexington KY
(B4 U Close Home Inspections&Radon Testing (www.b4uclose.com))
Winter is coming.  Is your home ready to keep the heat in and the cold out?  Taking care of these issues can make your home more energy efficient.  Winterization saves YOU Money! 1.    Set the water heater temperature to no more than 120o.  (Temperatures above this level can cause severe burns.) 2.    Insulate the water heater and all water pipes in unheated areas.3.    Installing a low flow shower head can save about 1½ gallons of hot water per minute of use.4.    Insulate air ducts in crawl spaces, attics and unheated garages.5.    Caulk around windows and doors; places where brick façade and siding meet; and all utility entrances (cable TV, plumbing, gas, telephone, etc).6.    Disconnect hoses from outside faucets and insulate the faucet to prevent freezing of the water pipe.  7.    ...
Comments 23
By Gene Keyse, Georgetown, Lexington, Kentucky Property Inspector
(4 Keyse Property Inspections)
The National Quilt Trail began in Adams County Ohio in 2001 when Donna Sue Groves kept a promise to her mother, master quilter Nina Maxine Groves, to paint a quilt on her barn.That simple gesture of love has evolved into a state-wide effort to grace barns across America with the quilts of our heritage.   Today's trail stretches from Iowa to North Carolina, West Virginia, Tennessee, Kentucky and back to Ohio with many counties joining each year. The pictures are from barns along St. Rd. 62 through Scott, Bourbon, and Harrison Counties Kentucky. It is a beautiful drive through the country side from Georgetown to Cythiana Kentucky. These barns are located right along side the highway. Along with the horse farms and the foilage this Quilt Trail makes for a beautiful Sunday drive. 
Comments 5
By John W Smither
(Coldwell Banker McMahan)
Don't be surprised that we together don't achieve the results that we set out. It takes someone that has been through booming times and softer times to be able to reach the goals that you have. We can work together to find and or sell you home for you. I can put my 22 years to work for you. I have been active with the Lexington Association of Realtors as well as the State Assocaition. This has enabled me keep on learning from other Realtor by sharing ideas across the State of Kentucky.Thanks, I look forward to working with you.John
Comments 2
By Erby Crofutt, The Central Kentucky Home Inspector, Lexington KY
(B4 U Close Home Inspections&Radon Testing (www.b4uclose.com))
 HELP!!!!I came back from my morning inspection to find that my house has been infiltrated with spiders & ghosts.  My wife  & two grandsons say they didn't have anything to do with it!  I'm not sure if I should believe her!   Anybody know how to reach the Ghostbusters.Wanna recommend a good spider killer!  
Comments 9
By Johnnie Clark
(Deborah Ball Realty)
Hi I'm Johnnie and I'm a Real Estate Agent. I work for Deborah Ball Realty. We sell custom homes built by Dailey Homes. Dailey Homes is owned by Deborah's husband Jimmy Ball. We have homes ranging from $100,000 to $900,000. We build in Lexington, Ky. and surrounding areas. There are lots available in "The Coventry", off Georgetown Road, in the north end of Lexington, In "The Highlands at The Pinnacle" in the south end of Lexington, In "Tuscany" in the east end of Lexington and also in "Beaumont" in the southwest end of Lexington.
Comments 1
By Lizette Fitzpatrick, Lizette Realty, Lexington KY MLS - Kentucky Homes
(Lizette Realty - Richmond KY)
                                                                                  Lunch at Keeneland Sales costs a mere 3.7 Million! Well...not exactly! My lunch was $4.00 but for Mr. O'Byrne it was 3.7 million! Imagine having a delicious lunch and in the room next door a live auction is underway at Keeneland Sales. What is up for sale is a beautiful Kentucky thoroughbred colt. The bidders seem to be hidden because it's hard to tell who is bidding.I swear they must bid with their eyes by blinking because I don't see anyone scratching their nose or raising a finger. Then suddenly as the bid is going up $200,000 a lick... it ends at 3.7 million! Sold! Number 432 to Demi O'Byrne, bloodstock agent for John Magnier's Coolmore Stud. His rival bidder was Texas-based owner Clarence Scharbauer J...
Comments 9
By Lizette Fitzpatrick, Lizette Realty, Lexington KY MLS - Kentucky Homes
(Lizette Realty - Richmond KY)
Applebees Park - Home of the Lexington Legends One thing I know for sure is that I'm not a sports nut. Even with that said, I didn't turn down an invitation by Richmond Mayor Connie Lawson to join her for a visit to Applebees Park to see the Lexington Legends play the other night. The park built in 2001 has the distinction of being the first totally privately funded Minor League Baseball park in the United States. It can hold up to 6,994 screaming fans! Sounds like fun...count me IN!!  The first warning as we arrived and were directed to park was that we needed to be aware of the foul balls that popped out of the park to the right. Parking further away seemed like an excellent idea suddenly! Since this was my first time at Applebees Park, I was impressed with how helpful and kind the a...
Comments 9
By Jennifer Castle
(Republic State Mortgage Company)
Does anyone have any theories? Do any of you have weekly meetings that declare this event? How about just radio chatter on the way to and from? Well, let me give you some examples of what I have listened to:1. "What goes up must come down"...the market evolves every 6 years...2. International involvement will be our only hope of rates coming down.3. Toward the end of 2008 will be the next refi boom!4. We are headed toward a sellers market as soon as all defaulted subprime and alt-a loans are purchased and start performing.5. Rates will only go up from here...right along with the price of GAS! What are your top 5 theories? Do share...more to come.  Sincerely, Jennifer CastleCentury Mortgage Company  
Comments 9
By Lizette Fitzpatrick, Lizette Realty, Lexington KY MLS - Kentucky Homes
(Lizette Realty - Richmond KY)
For LBAR in June 2007, closed sales are 1009 at  $187,713,734 for Lexington and area counties.Pending sales were 883 in June 2007 compared to 1,100 in June 2006.  Year to date, sales are down 8%.  Average days on market are 90. By June 30th there were 6,987 active residential properties on our MLS.For a more in-depth study over the past few years click here... LBAR Statistial Data 
Comments 10