Southern Indiana Real Estate Blog

This is the first snapshot (officially anyway!) of the year.  We finally caught up after a few weeks of holiday stuffing!

Before we get to the stats, I just want to say how excited I am to see what 2010 will bring.  You have those who think the market will recover and those who think we’ve still yet to see the bottom.  Count me as one of the optimists!  I think things have already started turning around and I think this year will be better than last.  Don’t get me wrong now.  I’m not saying it won’t be a challenge.  I’m just saying that with the right plan, houses will sell in any market!

Ok enough with the pep talk and on to the stats.  Listed below are the numbers for Southern Indiana real estate including Jeffersonville, Clarksville, New Albany, Sellersburg and other areas.  You can also click the picture to the right to see the same stats for Greater Louisville and the Ft. Knox, KY area.

Active Inventory

• Active Residential Listings ~ 2,078
• Average Sales Price ~ $166,133
• Months of Inventory ~ 13.2

Last 30 Days

• Houses Sold ~ 157
• Average Sales Price ~ $116,774
• Sales Price vs. List Price ~ 95.7%
• Average Days on Market ~ 111
• New Listings on Market ~ 280
• Cancelled, Withdrawn or Expired ~ 355

Last 12 Months

• Houses Sold ~ 2,803
• Average Sales Price ~ $124,990
• Sales Price vs. List Price ~ 95.5%
• Average Days on Market ~ 110

Good morning everyone!  Another gloomy day here in Southern Indiana with the temperature dropping rapidly.  I don't really like all the weather changes, but I guess it isn't up to me!

Hope everyone is having fun getting ready for Christmas.  Only 15 more days!  It is really hard to believe I know.

Below are the numbers for the Southern Indiana Area.  You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here.  As always, if you have any questions about these numbers or would like to discuss them further, please don't hesitate to call or email me.

The numbers for Southern IN are as follows as of Sunday, November 16, 2008:

Active Listings Stats

• 2,400 homes currently on the market
• $170,985 is the average list price of those homes
• There is currently 15.8 months of inventory*

    Last 30 Days Stats

• 152 homes sold
• The average sales price was $119,549
• The Sales Price vs. List Price was 95.6%**
• The average Days on Market was 103***
• There were 346 new listings on the market
• There were 349 listings that were either canceled, withdrawn or expired

    Last 12 Months Stats

• 2,626 homes sold
• The average sales price was $128,628
• The Sales Price vs. List Price was 96.3%**
• The average Days on Market was 106***

*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days

**Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold

***This number does not reflect the times a home that is sold has been on the market before by (1) it's owner, (2) another Realtor whose listing expired, or (3) a listing cancelled and then relisted to generate new interest.  This number in most instances does not refleect the number of days from contract to close which averages 30-45 days for most closings.  In order to have a true picture of the date property is listed to the date of closing a seller would need to add prior "days for sale" activity to the above average days on market plus 30-45 days from contract to close.  The above is not reflective of a specific area but takes into account all homes on the MLS that sold in the last 30 days and the last 12 months.  Your agent can give you a specific report tailored to your area.

Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River.  Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.

Hello everyone.  I hope you're all having a wonderful day today despite this great weather we're having here in Southern Indiana.

Awhile back I wrote about opportunites being everywhere.  Well the only thing that has changed is it is even better now!  Combine the already low prices with the fact that the interest rates are lower than they've been in years and you get an unbelievably good time to buy!

Below are some links to some recently listed properties in the market.  There are vacant properties mainly such as foreclosures, estate sales or relocation property.  There are also properties listed as having tenants currently.

Recently Listed Vacant Investment Opportunities

Recently Listed Properties with Tenants

Listen, I'm sure some of you are thinking "Of course he's saying it's a great time to buy.  He has to sell houses to live".  And you would be right.  But I want you to know that my job first and foremost is the well-being of my clients.  My job is to look after their best interests even ahead of my own.

Houses are selling everyday.  These properties aren't lasting long because there are smart investors out there stock piling properties at bargain prices.  They would rather me not even mention this because it will only add more competition for them.

Please let me know if I can answer any questions that you have about real estate investing or any other real estate related topic.  Also, if you know anyone looking to buy or sell a home, let me know and I'll help them every way possible without applying any pressure whatsoever.

Thanks everybody and have a great day!

Hello everybody!  One more week (almost) until Thanksgiving!  Hope everyone is staying warm out there.

Below are the numbers for the Southern Indiana Area.  You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here.  As always, if you have any questions about these numbers or would like to discuss them further, please don't hesitate to call or email me.

The numbers for Southern IN are as follows as of Sunday, November 16, 2008:

Active Listings Stats

• 2,501 homes currently on the market
• $172,444 is the average list price of those homes
• There is currently 15 months of inventory*

    Last 30 Days Stats

• 167 homes sold
• The average sales price was $121,014
• The Sales Price vs. List Price was 96%**
• The average Days on Market was 111***
• There were 466 new listings on the market
• There were 380 listings that were either canceled, withdrawn or expired

    Last 12 Months Stats

• 2,661 homes sold
• The average sales price was $129,117
• The Sales Price vs. List Price was 96.4%**
• The average Days on Market was 106***

*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days

**Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold

***This number does not reflect the times a home that is sold has been on the market before by (1) it's owner, (2) another Realtor whose listing expired, or (3) a listing cancelled and then relisted to generate new interest.  This number in most instances does not refleect the number of days from contract to close which averages 30-45 days for most closings.  In order to have a true picture of the date property is listed to the date of closing a seller would need to add prior "days for sale" activity to the above average days on market plus 30-45 days from contract to close.  The above is not reflective of a specific area but takes into account all homes on the MLS that sold in the last 30 days and the last 12 months.  Your agent can give you a specific report tailored to your area.

Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River.  Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.

Well it's official.  I don't like cold weather!  Where did my sunshine go?  Oh well, might as well get used to it because it's probably going to be a while before it comes back.  Hope everyone is having a wonderful week.  We had some major news announced today during our sales meeting.  I am pretty excited about it.  I'm not going to tell anyone what it is yet, but it will be awesome for both buyers and sellers.  More to come soon!

Below are the numbers for the Southern Indiana Area.  You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here.  As always, if you have any questions about these numbers or would like to discuss them further, please don't hesitate to call or email me.

The numbers for Southern IN are as follows as of Sunday, November 9, 2008:

Active Listings Stats

• 2,498 homes currently on the market
• $172,352 is the average list price of those homes
• There is currently 14.9 months of inventory*

    Last 30 Days Stats

• 168 homes sold
• The average sales price was $119,340
• The Sales Price vs. List Price was 96%**
• The average Days on Market was 109***
• There were 457 new listings on the market
• There were 394 listings that were either canceled, withdrawn or expired

    Last 12 Months Stats

• 2,682 homes sold
• The average sales price was $130,059
• The Sales Price vs. List Price was 96.4%**
• The average Days on Market was 106***

*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days

**Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold

***This number does not reflect the times a home that is sold has been on the market before by (1) it's owner, (2) another Realtor whose listing expired, or (3) a listing cancelled and then relisted to generate new interest.  This number in most instances does not refleect the number of days from contract to close which averages 30-45 days for most closings.  In order to have a true picture of the date property is listed to the date of closing a seller would need to add prior "days for sale" activity to the above average days on market plus 30-45 days from contract to close.  The above is not reflective of a specific area but takes into account all homes on the MLS that sold in the last 30 days and the last 12 months.  Your agent can give you a specific report tailored to your area.

Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River.  Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.

Hello everyone.  What an unbelievable week here in Southern Indiana.  The weather has been absolutely gorgeous.  Too bad it can't last forever.  To be honest, I kind of like the change.  These next two months are my favorite time of year with Thanksgiving and dare I say it, Christmas right around the corner!  Anyway, hope you're all having a great week!

Below are the numbers for the Southern Indiana Area.  You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here.  As always, if you have any questions about these numbers or would like to discuss them further, please don't hesitate to call or email me.

The numbers for Southern IN are as follows as of Sunday, November 2, 2008:

Active Listings Stats

• 2,482 homes currently on the market
• $173,495 is the average list price of those homes
• There is currently 14.8 months of inventory*

    Last 30 Days Stats

• 168 homes sold
• The average sales price was $121,516
• The Sales Price vs. List Price was 96%**
• The average Days on Market was 110***
• There were 443 new listings on the market
• There were 408 listings that were either canceled, withdrawn or expired

    Last 12 Months Stats

• 2,698 homes sold
• The average sales price was $130,313
• The Sales Price vs. List Price was 96.4%**
• The average Days on Market was 106***

*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days

**Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold

***This number does not reflect the times a home that is sold has been on the market before by (1) it's owner, (2) another Realtor whose listing expired, or (3) a listing cancelled and then relisted to generate new interest.  This number in most instances does not refleect the number of days from contract to close which averages 30-45 days for most closings.  In order to have a true picture of the date property is listed to the date of closing a seller would need to add prior "days for sale" activity to the above average days on market plus 30-45 days from contract to close.  The above is not reflective of a specific area but takes into account all homes on the MLS that sold in the last 30 days and the last 12 months.  Your agent can give you a specific report tailored to your area.

Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River.  Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.

Hey everybody!  I'm running a little late with this weeks numbers so I apologize.  Hope you are all having a great week!

Below are the numbers for the Southern Indiana Area.  You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here.  As always, if you have any questions about these numbers or would like to discuss them further, please don't hesitate to call or email me.

The numbers for Southern IN are as follows as of Sunday, October 19, 2008:

Active Listings Stats

• 2,494 homes currently on the market
• $173,795 is the average list price of those homes
• There is currently 12.5 months of inventory*

    Last 30 Days Stats

• 199 homes sold
• The average sales price was $130,534
• The Sales Price vs. List Price was 97.2%+
• The average Days on Market was 103
• There were 425 new listings on the market
• There were 409 listings that were either canceled, withdrawn or expired

    Last 12 Months Stats

• 2,739 homes sold
• The average sales price was $130,457
• The Sales Price vs. List Price was 96.4%+
• The average Days on Market was 105

*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days

+Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold

Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River.  Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.

Good afternoon everybody.  What a glorious day we are having today.  I love the warm weather of summer, but I was ready for the change.  There is something about being able to put a sweatshirt on that makes me happy!  Silly I know.

Anyway, this blog is sort of a follow-up to the one I wrote a little while back talking about Opportunity Knocking.  It was a blog about the current real estate market and how people can really take advantage of some unbelievable buying opportunities right now.

I am going to be posting all the newly listed investment opportunities here every week.  The listings will mainly consist of foreclosures, REO properties and maybe some estate sales.  The great thing about these homes is most of the time they are vacant and very easy to see if you like.  Just give me a call and I'd love to meet you at any of them to take a look around.  I'll also post some properties that are currently being used as rentals.  This is another chance to get in the game and what better way to do it than to already have someone making your payments for you (tenants)?

As always, this will mainly consist of only the newly listed properties.  Remember that there are plenty of others available as well and if you would like info on those or if you have questions or comments about anything, give me a call or send me an email.  I'd love to hear from you!

Below is the link for this week's properties:

Vacant Investment Property 10/19/08

Hello everyone!  I hope you are all having a wonderful Wednesday!

Below are the numbers for the Southern Indiana Area.  You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here.  As always, if you have any questions about these numbers or would like to discuss them further, please don't hesitate to call or email me.

The numbers for Southern IN are as follows as of Sunday, October 12, 2008:

Active Listings Stats

• 2,519 homes currently on the market
• $173,154 is the average list price of those homes
• There is currently 12.9 months of inventory*

    Last 30 Days Stats

• 196 homes sold
• The average sales price was $134,503
• The Sales Price vs. List Price was 97.2%+
• The average Days on Market was 108
• There were 426 new listings on the market
• There were 428 listings that were either canceled, withdrawn or expired

    Last 12 Months Stats

• 2,769 homes sold
• The average sales price was $130,782
• The Sales Price vs. List Price was 96.4%+
• The average Days on Market was 105

*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days

+Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold

Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River.  Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.

Hello everyone.  Big news this week with the announcement of the bailout.  I think I'm going to reserve judgement for a while to see how the whole thing plays out.  I will say again that this is an excellent market to buy in.  There are opportunites all over the place and if you were on the fence about whether or not to do it, my only question is what you are waiting for?  Give me a call if you would like to discuss this issue further or if you know anyone who could be in the market.

Below are the numbers for the Southern Indiana Area.  You can also view the numbers for the Greater Louisville area as well as the Elizabethtown / Ft. Knox areas by clicking here.  As always, if you have any questions about these numbers or would like to discuss them further, please don't hesitate to call or email me.

The numbers for Southern IN are as follows as of Sunday, October 5, 2008:

Active Listings Stats

• 2,544 homes currently on the market
• $173,982 is the average list price of those homes
• There is currently 12.2 months of inventory*

    Last 30 Days Stats

• 208 homes sold
• The average sales price was $128,593
• The Sales Price vs. List Price was 97.2%+
• The average Days on Market was 108
• There were 418 new listings on the market
• There were 413 listings that were either canceled, withdrawn or expired

    Last 12 Months Stats

• 2,779 homes sold
• The average sales price was $131,036
• The Sales Price vs. List Price was 96.4%+
• The average Days on Market was 105

*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days

+Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold

Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River.  Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.