Jan. 2009 Real Estate Report

Starting in 2009 I am going to start posting reports on Somerset Kentucky & Lake Cumeberland real estate on a monthly basis. I will be comparing with the month's of the previous year to the current year so you can see what the real estate market is doing in our area.



So here's your Jan. 2009 Report:

I will be listing 2009 first followed by 2008's.

Number of Homes Sold: Jan. 2009: 25/Jan. 2008: 37

Number of Lots & Acreage Sold: 4/6

Average Closing Price: $103,687 / $131,723

Average Days on Market Residential: 219 / 181

Average Days on Market Lot & Acreage: 448 / 213

Difference of Sales Price- % of Current List Price Residential: 93.45% / 91.33%

Difference of Sales Price- % of Current List Price Lot & Acreage: 90.18% / 97.82%

Sell Price Total Residential: $3,264,600 / $3,711,100

Sell Price Total Lot & Acreage: $237,900 / $363,800

Number of Residential Homes on the Market: #894

Number of Lots & Acreage on the Market: #1034


As you can tell our numbers are a little lower than last year, but as a Realtor let me tell you we are begining to see a pick up in house showings, calls, and buyer traffic. You have heard of supply and demand well, we have the supply of properties, just not the demand for them.

But let me tell you this, there might never be a better time to buy than right now! You may never see the interest rates as low as they are, combined with plenty of homes on the market to choose from. That combination should be enough to get you out there looking!

Think about it, right now with there being so many properties for sale, you as a buyer have the upper hand on negotiating a deal. And on top of that you get a great deal on financing too!

I hope you find this market update helpful, and feel free to contact me if you have any questions about the information in this report.

As always, "thank you" for reading my blog, and have a great day!


Adam Gullett
Homestead Real Estate
(606)219-5122
adamgullett@gmail.com
www.somersetliving.com

Thought For Today

"Sometimes we feel that we've got to climb a mountain or raise a monument to leave our mark on the world. What we fail to recognize is that often we make a difference simply by existing, by handling what life gives us. Maybe the way we deal with our challenges and our rewards inspires someone else to achieve worthwhile things in their own life."

--Blaine Lee, Inspirational Author and Speaker

Stage Your Home to Sell

Do you remember when you went out looking at homes, and you saw that
picture of that home that looked so pretty that you just had to see
what the inside looked like? So you call your Realtor and schedule a
walk through. You pull up to the property and the first thing you
notice is; this is not the house I saw in the picture!

The bushes are way over grown, the house number is barely hanging on
to the house, and the owners have let their trash cans overflow with
trash, right in front of their house.

Then you go inside, only to find out that you can't even tell what the
house looks like because there is so much stuff everywhere. And it
doesn't even look like they clean!

Well if you haven't, I have! And let me tell you, those properties are
hard to sell!

So let me give you my five steps on what someone should do to make
their house sellable.

Step 1: If you have overgrown bushes trim them down, clean up the
front yard of all distractions that take away from the curb appeal!

Step 2: Go knock on your neighbors door and have them stand at the
curb and let them tell you what they hate about the outside of your
house. (trust me they would love the oportunity.) and then do what
they say!

Step 3: Take that same neighbor inside (or get a new one if your
current one doesn't give you honest answers) and have them let you
know what they like and hate about the inside.

Step 4: Go through your house and: clean it, paint it, replace
anything that needs to be replaced, light it up, hide the junk, bring
in some plants, and rearange your furniture so rooms feel larger.

Step 5: Now go and get your neighbor that you used before and now ask
them to buy your house!

Well there's my steps on how to stage your house to sell.

Now go and do it, and give me a call to list it!

Adam Gullett
Homestead Real Estate
(606) 219-5122
adamgullett@gmail.com
www.somersetliving.com

Sent from my iPhone

Serving the Somerset Kentucky & Lake Cumberland areas in their real
estate needs

Be positive, and go buy a house!!!

I don't know about you but I am sick and tired of the news controling
everything people do. THINK FOR YOURSELF!!!!

If everyone in the United States would start thinking and talking
about positive things, and put there money into the market, then maybe
just maybe we could start getting ourselves out of this mess. To those
of you out their that has money ready to buy, don't wait, now is the
time to buy! Interest rates are down, still great financing available,
and there's still a lot of houses on the market with sellers ready to
look at all offersl. So why wait!

Let me tell you a little bit about my town Somerset Kentucky. We are
known as a tourist town, lake community, and a tri-city area. If you
have ever wanted to live in a house with a lake view, but never
thought you could. Then you need to come and check our our town, with
everything I just said above, don't you think you might be able to buy
that perfect house with a view now?

So let me finish off this post by saying; next time you come across
that person that has been watching all the news about how bad
everything is. Look him in the eye and say; I don't know what your
talking about, I just bought a house, cheaper than ever, with a really
great interest rate!!!

Adam Gullett
Homestead Real Estate
(606) 219-5122
adamgullett@gmail.com
www.somersetliving.com

Sent from my iPhone