How Is the Louisville Market Changing?

The Louisville market has improved considerably in the last year. Here are the areas we paid special attention to.

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The market continues to be strong in Louisville. To get more perspective, we’re going to look at the numbers we saw this June and compare them to the numbers we saw in June 2016. Let’s get to it.

Inventory remains extremely low. Last year, the 5,000 homes we had on the market represented a huge need for more inventory, but it has since dropped even further. Right now, there are only about 4,300 homes on the market. Our absorption rate has dropped from 3.5 to under three months.

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Homes are selling faster and for more money on average.

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The average sale price has increased from $207,000 last June to $223,000 right now. That’s more good news for everybody. Not only are homes selling for more money on average, they’re selling faster too. Last year, homes were selling in an average of just 61 days. That number has since dropped to 52. 

Interest rates are at about the same level they were last year, but they have dropped slightly. Right now, our partners at Statewide Mortgage say you’re looking at a 4.125% rate on average.

Quote of the month: “When you get right down to the root of the meaning of the word ‘succeed’, you find that it simply means to follow through.” - F.W. Nichol

There’s our market recap for June 2017. If you have any questions about it or would like more information, give us a call or send us an email. We look forward to hearing from you.

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.

Buying a Louisville home? Get a full Home Search 

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 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.

Property Manager Needed: Full or Part-time

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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!