Dear Neighbor,

As homeowners, sometimes we reach a place where our current home doesn’t provide enough space or feels like there’s too much space. That’s usually when we decide it’s time to move.

While a move can be exciting, you want to make sure you’re capturing all the equity you’ve earned to invest in your ideal home.

The first step is understanding this asset and the market you are in. As you consider selling, you deserve insight and guidance from an expert in your local market. Here are the top things to know about the Southeast Lexington real estate market right now:

The Average Sale Price is Down Compared to Last Year 

When correctly priced and positioned well on the market, most homes are selling at or very close to list price. Comparing 2022 to 2023 year to date, we’ve seen a 5% increase in the average sales price in South Lexington. When looking at the average sales price compared to last May, it’s gone down 11% from $467,764 in May 2022 to $414,025 in May 2023. Average days on market remain low as well, at 18 days in May 2023, compared to 13 days in May 2022. These stats really add up when you’re selling your largest financial asset–and that’s exactly why you deserve a strategic marketing plan.

Inventory Has Increased, Making Correct Pricing and Positioning Extremely Important

While inventory is up slightly compared to last year, with 1.7 months of inventory in May 2022 versus 2.2 months of inventory in May 2023, demand remains high. Months of inventory reflect the relationship between the number of properties currently on the market compared to the pace at which homes are selling. As long as we stay under 6 months of inventory, we are still in a seller’s market. While sellers still have the advantage, to capitalize on your investment, you want to work with a real estate expert who understands how to strategically price and market your home so you get maximum return.

As a Homeowner, You Can Still Take Advantage of This Market

It’s still a good time to sell despite the increased interest rates & inflation. With the right strategic plan, pricing, and positioning for your property and your goals, we can attract maximum offers and get your home sold for the highest possible price in the fewest days on market.

As a homeowner, what does this mean for you?

If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.

With my experience in real estate, I have the home-selling process systematized for convenience and ease, but, of course, I customize my approach to maximize the sale of each property.

My systematic processes are just one of the reasons why over 180+ clients trust me with $42M+ sold in the Lexington, Kentucky area real estate, and routinely refer their family and friends.

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 859-402-4766

We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on the market.

 

Call Today → 859-402-4766

 Maggie Wells License # 221726 Real Broker, LLC

www.maggieleewells.com

maggie@maggieleewells.com

859-402-4766

 

 

 

Southeast Lexington Market Highlights

 

Single-Family Home Stats	May 2022 vs. May 2023	Analysis
Average Sales Price	↓ Down 11%	The average sales price is now at $414,025, down 11% from $467,764 in May 2022. When you price correctly from day one, you can maximize offers and ultimately sell for the highest possible price as quickly as possible.

 

Average Days on Market	↑ Up 38%	While up from last year, median days on market are still low, at 18 average days on market in May 2023. As demand has decreased compared to last year, this further demonstrates the need for a precise strategy with pricing and marketing to ensure your home sells for top dollar in the fewest days on market.
Sale-to-List Price Ratio	↓ Down 2%	Sale-to-List Price Ratio is still high at 101% compared to 103% in May 2022. Supply has outpaced demand compared to last year. Sellers who overpriced their homes are now facing the reality that it will take longer to sell and go through more price reductions. When you start with an expert strategy, you can sell for the highest possible price in the fewest days on the market possible.
Price per Square Foot	↑ Up 4 %	Demand in Southeast Lexington remains up, and the price per square foot is now $176 sq. ft. in May 2023, up from $170 sq. ft. in May 2022. To maximize your results, it’s extremely important to have a proven strategy and expert guidance from the beginning.

 

Source: Bluegrass REALTORS.

 

Looking Ahead

 

Here’s what we’ll be watching over the coming months:

 

1.   Higher Supply of Available Homes

 

South Lexington had slightly higher inventory in May compared to last year, yet inventory is still low keeping sellers mostly in the driver’s seat as we continue to experience a more healthy,

 

balanced market. Although, at certain price points in South Lexington we are again seeing multiple offers more frequently.

 

2.   Buyers Are Still Searching

 

Serious buyers are out there eager to scoop up the available inventory. The percent to list price was 101% meaning most homes are selling at or above list price. With inventory remaining relatively low as it has been, it’s a great time to sell. Regardless of what twists and turns the market takes, to truly maximize your return on investment, it’s crucial that you strategically position your home to buyers.

 

3.   Continued Growth In Southeast Lexington

 

As Lexington continues to grow, we’ll likely continue to see property values increase and stabilize at times. Here are just a few things to note:

 

• Lexington was ranked #5 in Best Run City in

 

• Lexington was ranked #10 in the Best Cities to Buy a House in

 

• Zumper named Lexington the #3 Best City to Raise a

 

• Smart Asset named Lexington the #10 City with Best Work-Life

 

4.   What to Expect When Selling Your Home

 

The market consistently evolves—and you deserve to sell for the highest possible price no matter what. The right marketing strategy, pricing knowledge, and negotiation power are what make the difference when you’re ready to sell your home and embark on what may be one or two of the largest financial transactions of your lifetime.

 

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 859-402-4766

Dear Neighbor,

As homeowners, sometimes we reach a place where our current home doesn’t provide enough space and amenities. That’s usually when we decide it’s time to move. While a move can be exciting, you want to make sure you’re capturing all the equity you’ve earned to invest in your dream home.

The first step is understanding this asset and the market you are in. As you consider selling, you deserve insight and guidance from an expert in your local market. Here are the top things to know about the Southeast Lexington real estate market right now:

Median & Average Sale Price is on the Rise Compared to Last Year

When correctly priced and positioned well on the market, homes are selling at or very close to list price. Comparing 2022 to 2023 year to date, we’ve seen a 16% increase in the median sales price in Southeast Lexington. That being said, the numbers show the median sales price has climbed to $340,000 in March 2023, up 18% from March of 2022 when the median sales price was $289,000. When looking at the average sales price, it’s gone up 15% from $380,651 in March 2022 to $437,594 in March 2023. Average days on market remain relatively low as well, at 28 days in March 2023, compared to 13 days in March 2022. These stats really add up when you’re selling your largest financial asset–and that’s exactly why you deserve a strategic marketing plan.

Inventory Has Increased Making Correct Pricing and Positioning Extremely Important

While inventory is up compared to last year, with 1.8 months of inventory in March 2022 versus

2.6 months of inventory in March 2023, demand remains up. Months of inventory reflect the relationship between the number of properties currently on the market compared to the pace at which homes are selling. As long as we stay under 6 months of inventory, we are still in a seller’s market. While sellers still have the advantage, to capitalize on your investment, you want to work with a real estate expert who understands how to strategically price and market your home so you get maximum return.

We Continue to See Homes Sell Significantly Higher than Last Year

Despite some headlines, the market is still active. With the right strategic plan, pricing, and positioning for your property and your goals, we can attract maximum offers and get your home sold for the highest possible price in the fewest days on market.

As a homeowner, what does this mean for you?

If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.

With my experience in real estate, I have the home-selling process systematized for convenience and ease, but, of course, I customize my approach to maximize the sale of each property.

My systematic processes are just one of the reasons why over 180+ clients trust me with $42M+ sold in the Lexington, Kentucky area real estate, and routinely refer their family and friends.

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 859-402-4766

We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on market.

 

Call Today → 859-402-4766

 

Maggie Wells License # 221726 Real Broker, LLC

www.maggieleewells.com
maggie@maggieleewells.com
859-402-4766

 

 

 

Southeast Lexington Market Highlights

 

Single-Family Home Stats	February 2022 vs. February 2023	Analysis
Median Sale Price	↑ Up 18%	The median sale price is now at $340,000, up 18% from $289,000 in March 2022. When you price correctly from day one, you can maximize offers and ultimately sell for the highest possible price as quickly as possible.

 

Average Days on Market	↑ Up 115%	While up from last year, median days on market are still relatively low, at 28 average days on market in March 2023. Current demand and low supply play a major role, compared to March of 2022’s statistics at 13 average days on market. Strategic pricing and marketing ensure your home sells for top dollar with minimal days on market.
Sale-to-List Price Ratio	↓ Down 2%	Sale-to-List Price Ratio is still high at 98% compared to 100% in March 2022. Correctly priced, strategically marketed homes are selling at or very close to list price, making it especially important to start with an expert strategy from day one to sell for the highest possible price in the fewest days on market.
Price per Square Foot	↑ Up 5 %	Demand in Southeast Lexington remains up, and price per square foot is now $174 sq. ft. in March 2023, down only from $165 sq. ft. in March 2022. To maximize your results, it’s extremely important to have a proven strategy and expert guidance from the beginning.

 

Source: Bluegrass REALTORS.

 

 

Looking Ahead

 

Here’s what we’ll be watching over the coming months:

 

1.   Higher Supply of Available Homes

 

Southeast Lexington had relatively high inventory in March compared to last year, likely due to the interest rates remaining higher compared to last year, yet inventory is still low keeping sellers mostly in the driver’s seat as we continue to experience a more healthy, balanced market. Although, at certain price points in southeast Lexington we are seeing competitive the multiple offers picking back up. With inventory low and the median sale price steadily

 

increasing—up 18% in March 2023 compared to March 2022 and up 16% year to date—sellers who work with an expert to properly position themselves on the market can generally expect to secure a nice return.

 

2.   Buyers Are Still Searching

 

Serious buyers are still out there eager to scoop up the available inventory. The percent to list price was 99% meaning most homes are selling at near or above the list price. With inventory remaining relatively low as it has been, it’s a great time to sell. Regardless of what twists and turns the market takes, to truly maximize your return on investment, it’s crucial that you strategically position your home to buyers.

 

3.   Continued Growth In Southeast Lexington

 

As Southeast Lexington develops, we’ll continue to see property values increase. Here are just a few things to note:

 

• Lexington was ranked #5 in Best Run City in

 

• Out of the top 10 Mid-Sized Cities in America with Economic Growth Potential, Lexington was ranked #5.

 

• Zumper named Lexington the #3 Best City to Raise a

 

• Smart Asset named Lexington the #10 City with Best Work-Life

 

4.   What to Expect When Selling Your Home

 

The market consistently evolves—and you deserve to sell for the highest possible price no matter what. The right marketing strategy, pricing knowledge, and negotiation power are what make the difference when you’re ready to sell your home and embark on what may be one or two of the largest financial transactions of your lifetime.

 

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 859-402-4766

Dear Neighbor,

 

As homeowners, sometimes we reach a place where our current home doesn’t provide enough space and amenities. That’s usually when we decide it’s time to move. While a move can be exciting, you want to make sure you’re capturing all the equity you’ve earned to invest in your dream home.

The first step is understanding this asset and the market you are in. As you consider selling, you deserve the insight and guidance from an expert in your local market. Here are the top things to know about the Southeast Lexington real estate market right now:

Median & Average Sale Price is on the Rise Compared to Last Year

When correctly priced and positioned well on the market, homes are selling at or very close to list price. Comparing 2022 to 2023 year to date, we’ve seen a 24% increase in the median sales price in Southeast Lexington. That being said, the numbers show the median sales price has climbed to $340,000 in January 2023, up 17% from January of 2022 when the median sales price was $290,000. When looking at the average sales price, it’s gone up 39% from $401,331 in January 2022 to $560,534 in January 2023. Average days on market remain relatively low as well, at 40 days in January 2023, compared to 19 days in January 2022. These stats really add up when you’re selling your largest financial asset–and that’s exactly why you deserve a strategic marketing plan.

Inventory Has Increased Making Correct Pricing and Positioning Extremely Important

While inventory is up compared to last year, with 2.4 months of inventory in January 2022 versus 4.4 months of inventory in January 2023, demand remains up. Months of inventory reflects the relationship between the number of properties currently on the market compared to the pace at which homes are selling. As long as we stay under 6 months of inventory, we are still in a seller’s market. While sellers still have the advantage, to capitalize on your investment, you want to work with a real estate expert who understands how to strategically price and market your home so you get maximum return.

We Continue to See Homes Sell Significantly Higher than Last Year

Despite some headlines, the market is still active. With the right strategic plan, pricing, and positioning for your property and your goals, we can attract maximum offers and get your home sold for the highest possible price in the fewest days on market.

As a homeowner, what does this mean for you?

If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.

With my experience in real estate, I have the home-selling process systematized for convenience and ease, but, of course, I customize my approach to maximize the sale of each property.

My systematic processes are just one of the reasons why over 170 clients trust me with $40M+ sold in the Lexington, Kentucky area real estate, and routinely refer their family and friends.

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 859-402-4766

We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on market.

 

Call Today → 859-402-4766

 

Maggie Wells License
# 221726 Real Broker, LLC

www.maggieleewells.com
maggie@maggieleewells.com 859-402-4766

Southeast Lexington Market Highlights

 

Single-Family Home Stats	January 2022 vs. January 2023	Analysis
Median Sale Price	↑ Up 17%	Median sale price is now at $340,00, up 17% from $290,000 in January 2022. When you price correctly from day one, you can maximize offers and ultimately sell for the highest possible price as quickly as possible.

 

Average Days on Market	↑ Up 111%	While up from last year, median days on market are still relatively low, at 40 average days on market in January 2023. Current demand and relatively low supply play a major role, compared to January of 2022’s statistics at 19 average days on market. Strategic pricing and marketing ensure your home sells for top dollar with minimal days on market.
Sale-to-List Price Ratio	↓ Down 3%	Sale-to-List Price Ratio is still high at 96% compared to 99% in January 2022. Correctly priced, strategically marketed homes are selling at or very close to list price, making it especially important to start with an expert strategy from day one to sell for the highest possible price in the fewest days on market.
Price per Square Foot	↑ 34.6Up %	Demand in Southeast Lexington remains up, and price per square foot is now $175 sq. ft. in January 2023, up from $130 sq. ft. in January 2022. To maximize your results, it’s extremely important to have a proven strategy and expert guidance from the beginning.

 

Source: Bluegrass REALTORS.

 

 

 

Looking Ahead

 

Here’s what we’ll be watching over the coming months:

 

1.   Higher Supply of Available Homes

 

Southeast Lexington had relatively high inventory in January compared to last year, likely due to the interest rates remaining higher compared to last year, yet inventory is still low keeping sellers mostly in the driver’s seat as we continue to experience a more healthy, balanced market. With inventory low and the median sale price steadily increasing—up 17% in January

 

2023 compared to January 2022 and up 24% year to date—sellers who work with an expert to properly position themselves on the market can generally expect to secure a nice return.

 

2.   Buyers Are Still Searching

 

Serious buyers are still out there eager to scoop up the available inventory. The percent to list price was 96% meaning most homes are selling at or near list price. With inventory remaining relatively low as it has been, it’s a great time to sell. Regardless of what twists and turns the market takes, to truly maximize your return on investment, it’s crucial that you strategically position your home to buyers.

 

3.   Continued Growth In Southeast Lexington

 

As Southeast Lexington develops, we’ll continue to see property values increase. Here are just a few things to note:

 

• Lexington was ranked #5 in Best Run City in

 

• Out of the top 10 Mid-Sized Cities in America with Economic Growth Potential, Lexington was ranked #5.

 

• Zumper named Lexington the #3 Best City to Raise a

 

• Smart Asset named Lexington the #10 City with Best Work-Life

 

4.   What to Expect When Selling Your Home

 

The market consistently evolves—and you deserve to sell for the highest possible price no matter what. The right marketing strategy, pricing knowledge, and negotiation power are what make the difference when you’re ready to sell your home and embark on what may be one or two of the largest financial transactions of your lifetime.

 

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 859-402-4766