Property Manager Needed: Full or Part-time

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 Selling your Louisville home? Get a free Home Value Report 

I am coming to you today because I need your help. My team is in need of an experienced property manager.

We are looking for someone with high energy, enthusiasm, character, honesty, and property managing experience. That means we are looking for someone who has managed apartments or houses before.

In this position, you will be managing both houses and apartments. You will be responsible for collecting rents, making deposits, executing leases, and managing our maintenance people to get repairs done on rentals and flips.  

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Email us your resume today!

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This is a full-time position with a guaranteed weekly salary, bonuses, paid vacation, and paid holidays. If the right person can get the job done in 30 hours a week, we will consider making this a part-time position. However, a full-time property manager is preferred.

If you are applying for this job, you have to love property management. We are looking for someone to start immediately, so if you or anyone you know is the right fit for the job, email your resumes to Ami Vera (Rentals@jppirtle.com) and Jody Cooper (Jody@jppirtle.com).

We look forward to hearing from you!

An Update on the Louisville Market

Our market is fantastic as far as home sellers are concerned. Homes are selling about a month faster than they did last year.

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Selling your Louisville home? Get a free Home Value Report

It’s almost summertime here in Louisville. I hope everyone won a bunch of money at the Derby recently. Today I’d like to discuss a quick market recap. I’ve got the latest numbers from April 2017 and I’m going to compare them with what we saw in April 2016. 

Our market is doing great as you may have heard, but there is a growing problem. I’m talking about the lack of inventory for buyers to choose from. This isn’t a problem for sellers, but it makes things much more difficult for buyers. 

We sold 1,500 homes in April 2016, but only sold 1,380 this April. The average sale price has shot up from $186,000 to $202,000 in the last year as well.

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Our active listings are at a historically low level.

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We are seeing big changes in the average days on market, which is down from 82 in April 2016 to just 58 days right now. Homes are moving a whole lot faster, even if there haven’t been as many of them.

The absorption rate, or how long it would take to just sell off the current inventory if nothing else came on the market, is down to about 2.5 months this year from 3.36 months in April 2016.

Our active listings are at a historically low level. We only had 4,800 last April, but now that number has dropped even further to 3,800.

Interest rates are up from last year but are holding stable for now. They’re right around 4.5% right now for a 30-year fixed rate, which is up about 1% from last year. If you need more information about where rates are today, we’d love to connect you with our preferred lender.

If you have any questions for me, give me a call or send me an email. I would love to hear from you.

Quote of the month: “There is only one small letter between the words can and can’t. That one letter will totally change your life.” -Fireball.

How’d Our Market Do In February?

Another great month is on the books for our real estate market. According to the statistics, now is a great time to be both a buyer and a seller.

Buying a Louisville home? Get a full Home Search 

Selling your Louisville home? Get a free Home Value Report

The numbers are in for February 2017, and it was another great month for our market. Today I want to compare last month’s statistics with those from February 2016 to get a broader sense of where things stand. 

We sold almost 1,100 homes this February, which is about the same amount we sold in February 2016. From February 2016 to February 2017, our average sale price rose from $172,000 to $190,000. Our average days on market dropped from 93 days in February 2016 to 76 days in February 2017.

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February was another great month for our market.

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During that same time, our absorption rate (or however many months it would take to sell off our current inventory) dropped from 3.3 months to 2.45 months. Our number of active listings also dropped from 4,600 in February 2016 to 3,600 in February 2017. 

That last statistic is important to note because that drop in active listings is what’s driving the market as far as pricing goes. There is a lot of demand and not a lot of inventory, which makes now a great time to sell your house.

Interest rates have also gone up a little bit. Last February, they were in the 3.5% range. This February,  they were closer to 4%. This increase is something we’ve been anticipating, and rates may continue to rise as the year progresses. This makes now not only a great time to sell, but also to buy. 

Now that the statistics are out of the way, it’s time for my quote of the day:

“Press on. Nothing in the world can take the place of persistence.”

That’s from Ray Kroc, one of the co-founders of McDonald’s. 

Our office is growing, so if you know any agents that would be interested in joining our team, please don’t hesitate to refer them to us. If you have any questions about our market or are looking to buy or sell a home, feel free to give me a call or shoot me an email. I look forward to hearing from you!