Northern Kentucky – Boone County YTD Market Report 6/10/08

This report is geared towards getting the consumer a better overall feel of our Boone County real estate market here in Northern Kentucky.  Included is the # of homes currently for sale, the average days on market, the # of homes sold so far this year, how the #’s compare to the same time last year, and few other pertinent stats.  This report only contains statistics for single family homes.  Condominiums, townhomes, and land are not included.

Active – 1014

Pending – 201

Sold – 579 (691)

On average, the list price was $241,192 ($243,226), and the sales price was $201,686 ($201,946)  The median list price was $194,900 ($197,205), with a median sales price of $173,000 ($171,500).

All figures in parentheses are for the exact same time period of ‘07.

The average Days On Market (DOM) was 101.  As compared to 94 days for the same time last year.  Not really that different, huh?  Historically, our market has been very consistent.  The total sales are down, and there are more listings expiring before they’re sold, but if you have a good real estate agent, they can help you work through a successful sale.

Please remember that each seperate part of the Boone County real estate market is different as well.  Some neighborhoods/cities are just more desireable than others to different buyers.  Petersburg is probably going to take longer to sell a home that if it was in Union.  Florence and Richwood offer first-time homebuyers more options…and so on.

If you’d like data for your specific neighborhood or city, please call or email me and let me know.

For more information on the Northern Kentucky real estate market, or to search the enitire MLS without registering, please see www.NickDailey.com.

#1

I just wanted to get a little something down to get started.  I hope to be able to use this space as good place to share ideas and experiences that may be able to spark an interest in somebody else, make us all think a little, or enlighten me on a new topic.  Everyone has their own ideas and experiences and sharing those leads to a collective wisdom that could benefit many. 

Primarily, these writings are going to center around my career as a RE/MAX agent, and the latest tips, tricks, tools and market data that I’ve come across.  I want to use it for a cosumer to get a good feel for the overall processes; and hopefully that will lead to more of a feeling of control when entering the current real estate market (best case as my client).  I’ll discuss articles that I come across, and share info from the latest seminars that I’ve attended. 

I guess that’ll do it for now.  Check back soon…

And please visit www.NickDailey.com for my RE/MAX website.