jeffersonville: Southern Indiana Home Prices & Sales 1/3/09 - 01/08/10 01:53 AM
This is the first snapshot (officially anyway!) of the year. We finally caught up after a few weeks of holiday stuffing!
Before we get to the stats, I just want to say how excited I am to see what 2010 will bring. You have those who think the market will recover and those who think we’ve still yet to see the bottom. Count me as one of the optimists! I think things have already started turning around and I think this year will be better than last. Don’t get me wrong now. I’m not saying it won’t be a challenge. I’m … (0 comments)
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jeffersonville: Southern Indiana region gets hit with remnants from Ike. - 09/15/08 11:01 AM
This past Sunday blew me away, almost literally. What was leftover from Ike blew through the area yesterday for something we weren't used to here in the Midwest. Strong straight-line winds, which were reported to reach up 75 miles per hour by the local news affiliates, ripped through Kentucky and Indiana. As of this morning, it was reported that around 300,000 people are without power and it could be the end of the week before they get it back.
I experienced the wind first hand at home. I had just reached the office and was preparing to go work an Open … (4 comments)
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jeffersonville: Foreclosures Down 48% - 05/18/08 08:44 AM
I received an email from my CEO the other day. He likes to send out industry news or announcements etc. Anyway, his message on Friday was filled with excitement and surprise.
The first part of his message was discussing an article he saw in the USA Today Newspaper. The article was about foreclosures rising 65% in the month of April. I know what you are thinking, how can that be good news? Well the good news didn't come from there.
That same day, Louisville's Courier Journal reported that foreclosures were down 48% for the month of April in Louisville and the … (0 comments)
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jeffersonville: What is a Buyers' or Sellers' Market? - 05/01/08 10:54 AM
If you ever read much about real estate, chances are you might have heard the term monthly absorption rate or current monthly inventory. If you haven't heard those, I know you've heard Buyers' Market or Sellers' Market. I'm going to explain how they determine what type of market it is.
I think most people who listen to the news know that nationally (and I hate to do that because there really is no such thing as a national market), we are in a Buyers' Market. Sellers are having a harder time selling their homes than they have in years past.
… (4 comments)
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jeffersonville: Southern Indiana Market Report - March 2008 - 03/06/08 11:59 AM
If you have questions regarding this information or any other real estate needs, please contact me at anytime. You can call my cell at (502) 641-1677 or email me at bmumaw@semonin.com. Don't forget to check out my web site as well.
Equal Opportunity Housing. All information deemed reliable, but not guaranteed. All information herein has not been verified and is not guaranteed.
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jeffersonville: Southern Indiana Market Report - February 2008 - 02/01/08 10:34 AM
If you have questions regarding this information or any other real estate needs, please contact me at anytime. You can call my cell at (502) 641-1677 or email me at bmumaw@semonin.com. Don't forget to check out my web site as well.
Equal Opportunity Housing. All information deemed reliable, but not guaranteed. All information herein has not been verified and is not guaranteed.
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jeffersonville: Southern Indiana Market Report - January 2008 - 01/08/08 02:20 PM
If you have questions regarding this information or any other real estate needs, please contact me at anytime. You can call my cell at (502) 641-1677 or email me at bmumaw@semonin.com. Don't forget to check out my web site as well.
Equal Opportunity Housing. All information deemed reliable, but not guaranteed. All information herein has not been verified and is not guaranteed.
… (0 comments)
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jeffersonville: Jeffersonville Indiana Market Report - October 1, 2007 - 10/02/07 06:43 AM
Using the stats above, the monthly absorption rate for Jeffersonville is over thirteen months. The monthly absorption rate is the time it would take to sell the entire inventory that's on the market currently. Typically, anything over 6 months is considered a "buyer's market" and anything under 6 months is considered a "seller's market". As you can see, we are in a buyer's market at the moment. Couple that with the fact that interest rates are still low, and you will see that now is a great time to move.
If you are on the fence or you have questions, please contact … (0 comments)
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jeffersonville: Market Report for Jeffersonville Indiana - March 2007 - 03/01/07 05:38 PM
If you have any questions about or would like to know the market conditions for your specific area or neighborhood contact me at bmumaw@semonin.com.
Equal Opportunity Housing * All information deemed reliable, but not guaranteed.
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jeffersonville: Jeffersonville Indiana Market Report - 02/03/07 09:51 PM
Listings as of 2/3/07 – All information deemed reliable, but not guaranteed.
Residential - Active
Jeffersonville saw a dramatic increase in the number of homes sold in Jan 07 compared with that of 06 rising more than 51%. The price of homes also rose from $114,533 in Jan 06 to $125,169 in 07. The current Monthly Absorption Rate is 10.59. The Monthly Absorption Rate is the time it would take for all listings to sell if no other homes were put on the market. More than six months is considered a buyer’s market while less than six months would be a sellers’ market. … (0 comments)
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jeffersonville: Leader of Opposition Switches Sides in Greater Clark School Fight - 01/14/07 10:05 PM
Kim Matthews, a retired accountant, was leading a campaign against the Greater Clark County School Corporation's plans for improvements to it's three high schools. He has now switched sides and is trying to get others to join him.
Originally, school officials had approved a plan for $165 million which Matthews and others said would put too heavy a burden on local taxpayers. Since then, the two sides have compromised and tentatively agreed on a plan for a lesser amount of $100 million. Matthews had already begun the petition process and collected the 100 signatures needed. Once the process begins, it cannot be … (0 comments)
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jeffersonville: Greater Clark Scales Back Plans - 01/11/07 10:05 AM
The Greater Clark school system had originally approved a plan for $169 million in renovations including a new Charlestown High School as well as major work to Jeffersonville and New Washington High Schools.
Opponents have already submitted a petition to stop the process claiming that the plan would put too heavy a burden on taxpayers. With the original plan, it was estimated that homeowners with $50,000 of assessed property would see an increase of $128 a year and those with $250,000 would jump $1080 annually.
The two sides have tentatively agreed on a new plan for $100 million. The new plan would mean … (0 comments)
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jeffersonville: YMCA in Jeffersonville has events for seniors - 01/08/07 10:42 PM
The Active Older Adults program at the YMCA of Southern Indiana, 4812 Hamburg Pike in Jeffersonville, is holding these events for seniors: Bridge card game: 1 to 3 p.m. Friday. Free to members; $2 for guests. The cost includes coffee and prizes. Registration is not required.
Indiana Pearl Fishers program: Meet at the Y at 11:30 a.m. Jan. 17 and return at 2:30 p.m. Seniors will enjoy a catered lunch at WUOL/Radio 90.5 in Louisville. They will hear an hour presentation of music and meet the artistic staff and principal artists of the upcoming Kentucky Opera production. Registration is required. The … (0 comments)
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jeffersonville: New Hope for Greater Clark School District - 01/06/07 10:58 PM
The Greater Clark school board approved a plan in November for major renovations at Jeffersonville and New Washington High Schools and a brand new facility for Charlestown High School. The plan hasn't come without protest though. Opponents estimate that the new plan will add $130 anually to a home assessed at $50,000 and $826 a year on a home assessed at $200,000.
School officials say that the plan must be approved by the Indiana Department of Local Government Finance and could be reduced.
Both sides met Thursday and say that they are optimistic an agreement can be reached.
Visit the Courier Journal for more … (0 comments)
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jeffersonville: Jeffersonville, IN Market Report - 01/06/07 09:27 AM
The information in this residential market report was pulled directly from Southern Indiana Realtors Association. These stats do not include For Sale By Owners and all percentages have been rounded off.
From 1/1/05 to 12/31/05 - 817 Homes Sold - Ave. Price $131,525 - Ave. Days On Market was 107
From 1/1/06 to 12/31/06 - 797 Homes Sold - Ave. Price $131,687 - Ave. Days On Market was 108
Home sales in Jeffersonville stayed fairly level in 2006 compared with the previous year. The number of homes sold did drop about 2%, but the average price of homes stayed the same as well as the time needed to … (0 comments)
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