Mt Washington Real Estate Market Report- This report analyzes property sales trends for Mt Washington homes over the last few months and versus the same time period last year. The report includes number of homes sold, average listing price, average sales price, days on market (DOM), and current inventory.
Comments and Analysis
For whatever reason, December sales were more affected in Mt Washington than is Shepherdsville. With the number of units down 50%, there isn't lot of good news for sellers. However, 2 factors still stand-out. First, the sales price to list price ratio is still almost 96%. Second, Days on Market (DOM) is low. This means that serious buyers exist, they no what they want, and they act quickly when it comes on the market. Ten of the homes sold in less than 40 days.
See Also: Bullitt County Real Estate Market Report ~ Dec 08
Three Reasons to Buy a Mt Washington Home Right Now
- Selection - Fourteen months of inventory is the highest we have seen in years.
- Affordability- Good pricing and historically-low interest rates combine to make home ownership more reasonable than renting.
- Tax Credit -Buyers can get a $7,500 tax credit on the purchase of a Mt Washington home as long as you haven't owned a home in the last 3 years.
See Also: Price Doesn't Matter to Buyers
Three Keys to Selling your Mt Washington Home Right Now
- Price it correctly the from the start
- Prepare your house for sale before you list it
- Promote your home where buyers can find it
See Also, How to Promote your Mt Washington Home online
* * * * *
Erik Hitzelberger is a licensed real estate agent with RE/MAX Alliance in Louisville. If you need a Bullitt County Real Estate agent please email me or call 502.921.3989.
I specialize in the following areas of the Metro Louisville Area: Jeffersontown (J-Town), Okolona, Fern Creek, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley. Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search the Metro Louisville MLS.
Erik you have done a great job with your Real Estate report. I can see you know your market well.
Bill, thanks. As you are well aware, understanding market trends is important for buyers and sellers. Each needs to know what to expect before entering the market.