Why Should You Consider Our Team?

Our team is growing and we are looking to add some new agents. By working with our team, you will have a lot of things going in your favor.

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Selling your Louisville home? Get a free Home Value Report

We have great news to share today. Our team has had a wonderful year so far and we’ve been growing tremendously. We want to thank everyone who has helped us grow to this point and also announce the addition of our newest real estate office, right down the street from our current one.

Our new office is at 8225 Shelbyville Road, and we want to fill it up with team members and independent agents alike. We need your help to do this. Why would someone choose to work on our team?

We spend hundreds of thousands of dollars per year on advertising and marketing to create name and brand recognition. When you’re with Dream JP Pirtle Realtors, that brand recognition will help you out a ton in this area.

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We provide our agents with guaranteed leads.

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One thing we provide our agents with is guaranteed leads. We get up to 1,000 leads a month, so we need agents who want to work hard to get these leads served and make an unlimited amount of money. Some other advantages to working with our team include:

• A full-time trainer whose job is to help all our agents perform their very best
• A full-time administrative staff, listing manager, marketing manager, ISA, and more
• No royalty fees, monthly fees, desk fees, or sign fees
• Aggressive commission splits
• Very low caps

If you or someone you know is interested in learning more about our team or a career in real estate, contact John Holtzinger at johnh@jppirtle.com or by phone at 502-458-2722. We look forward to hearing from you soon.

What’s Happening in the Louisville Market?

We’ve seen a lot of changes to our market in just one year. Inventory is down, sale prices are up, and interest rates remain low.

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This September has been a hot month in terms of temperature. It has also been a hot month for our real estate market. We’ve got an update for you today that compares where we were at last September compared to where we are right now. We’ve seen a lot of encouraging signs in just a year.

At the end of August 2015, there were about 6,100 listings. At the end of August 2016, there are only about 5,000. Drops in inventory creates higher demand and low sales.

Our inventory at the end of August 2015 was almost five months. Right now, our inventory is down to 3.5 months. Homes are selling a lot faster than they did last year. Here are a few more interesting statistics we thought we would point out:

• The average sale price increased from $200,000 in August 2015 to $207,000 in August 2016.
• The average consecutive days on market has dropped from 75 days a year ago to 61 days today.
• The number of sold homes has gone from 1,586 last August to 1,670 this August.

In addition to these numbers, we keep hearing that interest rates will go up. So far, they haven’t. They have actually dropped to 3.5%. It’s a great time to lock in a great rate on a home purchase.

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Interest rates still haven’t gone up either.

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I’ll leave you with my quote of the month. This one comes from Roger Staubach: “Confidence is the result of hours, days, weeks, and years of hard work and education.” A great quote from a great quarterback.

If you have any questions for us, don’t hesitate to give us a call or send us an email. We would love to hear from you.

A June & 2nd Quarter Market Recap

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To let you know what’s going on in the real estate world, I want to talk about the month of June and give you a 2nd quarter market recap as we compare some current numbers to what was happening in June of last year.

This June was a great month, and so was the entire 2nd quarter. The number of houses on the market was 4,900, compared to 6,100 last year. This lower number of houses for sale has created a market that just keeps getting hotter and hotter.

The absorption rate (how many months it takes to sell the current inventory) in 2016 is 3.4 months, as opposed to 2015’s rate of 4.8 months. The average sale price of June 2016 is $211,000, whereas last year’s was closer to $205,000. The average days on market for 2016 is 59, down from 2015’s average of 81 days.  

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June was a great month, and so was the entire 2nd quarter.

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There were 1,800 houses sold in June 2016, versus 1,890 houses sold last year. The higher number in this case can be attributed to last summer being the starting point of the whole market improvement. Right now, interest rates are holding at 3.6%, which is phenomenal. Last year they spiked up a little bit to 4.25%.

Overall, it was a record-breaking month for our company. We bought or sold approximately 55 houses. For this we give many thanks to the people who’ve given us our referrals and repeat business. I wish you all a happy July, and hope you have a great summer. We’ll talk to you again in three weeks with another market update. If you need any free advice or a CMA, please feel free to contact us by phone or email.

Wanted: Honest, Loyal Maintenance Professional

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I hope everyone had a great Derby weekend!

I'm reaching out because I need your help as our company is growing! We need to hire a full-time maintenance professional. We're buying a lot of real estate and we really need somebody who is good at maintenance and handyman work.

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We'll start this position at a minimum of $18/hour.

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We're looking for character, loyalty, trust, as well as being hardworking and good with plumbing issues. Many of our issues are plumbing-related. A plumbing license is not required, just knowledge and know-how. We'd like HVAC knowledge as well. This person will be very important because they'll help us hire and manage contractors as well. This position does require you to provide your own work truck and tools. 

What do we offer? First off, we're looking for someone who wants a career. We'll start this position off at a minimum of $18/hour to show how important the position is. You'll have paid vacations and paid sick days.

We're looking for someone who wants a career, and someone that wants to grow with us. If you or anyone you know may be interested, please call me directly or send me an email at jpirtle@jppirtle.com.

The Perfect Time to Buy or Sell in Louisville

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With Tax Day behind us and Derby season among us, I wanted to give you a quick market update for Louisville from March.

It’s really rolling, and as you probably know it’s a great time to buy or sell. Last March, we had 5,400 home active whereas this year, there were only 4,500. At nearly a thousand fewer houses, the market got stronger. Absorption rate has dropped from about 4.5 months last March to about three months this year - simply put, homes are selling a lot faster.

One thing that’s a bit strange is the average home price; it was $186,000 last March and fell to about $180,000 this March. Average days on the market, improved though.

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I’ve never seen a better time to buy or sell!

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At this time last year, the average days on market was 108, which is down to about 87 days this year. Homes are selling a lot quicker. More are selling, too. Last year in March, about 1,196 home were sold compared to about 1,400 this year.

As for interest rates, they’re about the same. Rates were just a hair lower last March but the rates are still great, making it a great time to buy real estate. We keep saying this, but it really is! I’ve been in the business a long time and I’ve not seen a better time to sell or buy. Rates are low and inventory is low, and I’ve seen lots of reports lately saying Louisville is the top real estate market in the country.

My quote of the month for May:

“Nothing diminishes anxiety faster than action.” - Walter Anderson

If you have any questions and need any real estate help, give us a call or send an email. Happy Derby!

What Happened in the Louisville Real Estate Market in 2016?

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Today we will be examining what happened in the Louisville real estate market in February of 2016. Overall, the market was great: sales were up, and inventory was low.

We have a total of 4,400 homes available, which is a big decrease from last year. This is creating a seller’s market, and our absorption rate of 3.23 months is proving this to be true.

The average sales price in February was $172,000 and this was about the same as it was in 2015, but it’s early in the year. The average days on market decreased by nearly two weeks, and it now sits at 93 days. Some of this is due to the major lack of inventory.

Interest rates are still extremely low, and around here they are at 3.74%. This is causing a lot of home buyers to purchase because they know that their affordability is so high right now.

This is also good news for home sellers, because this will bring buyers right to your doorstep. I truly believe that 2016 will be one of the best years on record to sell your home.

Finally, a quote to finish off with: “Mistakes are painful when they happen, but years later a collection of mistakes is what is called experience.” Denis Waitley.

Give me a call or send me an email with any questions you might have! I look forward to serving your local real estate needs.

What Happened with Louisville Real Estate in January 2016?

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 Selling your Louisville home? Get a free Home Value Report 

Today we’re going to talk about the Louisville real estate market in January 2016. There were a lot of good things happening, and I want to share them with you. 

We saw housing inventory decline. There were 4,600 homes on the market, and last year we had about 5,800. The absorption rate right now is 3.38 months, and the average sales price is $188,000. The average sales prices is actually up by $21,000 from last year!

Our average days on market has decreased as well, and it now stands at 92 days. All of these statistics are telling us that we are in a seller’s market right now!

Buyers should not be scared away - interest rates are still below 4%, so you can purchase a home very affordably. You have an opportunity to lock in a low interest rate and save thousands of dollars over the lifetime of your loan.

My quote for the day is: “We keep what we give, we lose what we take.” I’m not sure where I heard this, but I think that it’s very true. 

As always, I look forward to hearing from you! Don’t hesitate to ask me any questions.

Louisville Real Estate Market Recap for 2015

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 Selling your Louisville home? Get a free Home Value Report 

I want to thank everyone who bought or sold a home with us in 2015, or anyone who referred us business. You were a huge help in making 2015 our best year yet! The whole Louisville market performed very well, and we managed to sell 30 homes just in December. Throughout the year we managed to help more than 400 families buy and sell homes. 

Let's look at 2015 as a whole. The average sales price was $192,000 in 2015, and this is a nice increase from $180,000 in 2014. Nearly 16,500 homes sold in the MLS in 2015, which is almost 2,000 more homes than 2014. Our absorption rate in 2015 was 4.53, which means that the market was balanced and healthy.

We think that this momentum will continue to push us to new heights in 2016. Interest rates will continue to increase, so we're expecting a lot of buyers to come onto the market. If you're thinking about selling, 2016 is a great year to do so.

Once again, I'd like to thank you for your business and referrals in 2015. We look forward to serving you at a higher level in 2015.

Here's a final quote to close with:

"There is little success where there is little laughter."

- Andrew Carnegie