Real Estate Information Archive

Click on picture below to see 2 amazing homes on Watterson Trail from Bob Sokoler on Vimeo.

Location, renovation commercial potential and an amazing value!  2 homes side by side sold separately or together, both under 127,000.  At 10215 WATTERSON Trail Here in the heart of Jeffersontown you’ll find this 2 bedroom 1 bath treasure. This home has been totaled remolded from kitchen to bathroom with new carpeting, paint, doors, and fixtures. The eat-in kitchen features new vinyl flooring, oak cabinets, and counter tops. The gas stove, microwave and dishwasher are also brand new. Other features include a new water heater, the roof has been replaced, new asphalt driveway with parking area, and newer windows have been installed.
Over at 10213 WATTERSON TRL  Location, you’ll find this 3 bedroom 1 bath totally   remolded home from kitchen to bathroom with new carpeting, paint, doors, and fixtures. The eat-in kitchen is updated with new vinyl flooring, oak cabinets, counter tops, a new electric stove, dishwasher, and microwave. Outside the home also features a large covered front porch, new and new windows. The new asphalt driveway, detached 2 car garage and 1/3 of an acre make this the perfect home.

Disturbing news for Louisville Home Sales!

New numbers just released by the Greater Louisville Association of Realtors show home sales taking a nose dive for March of 2008. When compared to March 2007, the number of homes that went under contract in the Louisville Kentucky area was off 27 % (see charts below). The number of homes that actually closed (typically went under contract in January or February of this year) was off 20%. The numbers are a sharp turnaround from February of this year when there was a 13% increase in the number of homes that went under contract.

Donna Miller Davis a Loan Office with Mortgage Network in Louisville Kentucky says “underwriters for lenders around the nation are requiring more documentation and better credit ratings from potential buyers”. Donna also says “even people with great credit are paying more for loans in fees and higher interest rates”.  

The average selling price for a home was down 9% from a year ago. The only bright spot in the numbers was the average days on the market for homes down from 88 in February of 2008 to 84 last Month. The number of homes on the market as of April 1, 2008 was 10,218 that’s about the average number (give or take a few hundred) that have been on the market over the winter.

Looking to sell your home this year. Here are some tips to help:

1)      Make any repairs needed.

2)      Freshen paint along baseboards and doors to remove scratches.

3)      De-clutter

4)      Stage all rooms

5)    Call or e-mail the Medley Sokoler team for an accurate CMA and other tips for selling you home in this market.

March 2008

 

 

March 2007

 

Click on Picture to See: 2180 Apple Lane from Louisville Homes on Vimeo.

You will love the interior space and the privacy of the location in this 3 year old Ranch with unfinished, walkout basement. This 3 Bedroom, 2 full bath home features wide doorways making it handicap accessible or just easy to move about. The large Living Room opens to the Dining area that gives access to the Deck off back and enormous back yard. The Kitchen features breakfast bar an abundant amount of oak cabinets and counter top space and a great picture window overlooking the trees in the back yard which backs up to a farm. There is a Master Suite with private bath that has a double shower. The unfinished, lower level walk-out is plumbed for a full bath and would make a great recreation area. Don’t miss the huge 2.5 car garage with work-area that has cabinetry for extra storage. The extra room in the garage can easily be turned into a work shop or hobby center.

Click On Picture to see 7113 BLAIR CREEK WAY from Bob Sokoler on Vimeo.

You will love the interior space and the privacy of the location in this 3 year old Ranch with unfinished, walkout basement. This 3 Bedroom, 2 full bath home features wide doorways making it handicap accessible or just easy to move about. The large Living Room opens to the Dining area that gives access to the Deck off back and enormous back yard. The Kitchen features breakfast bar an abundant amount of oak cabinets and counter top space and a great picture window overlooking the trees in the back yard which backs up to a farm. There is a Master Suite with private bath that has a double shower. The unfinished, lower level walk-out is plumbed for a full bath and would make a great recreation area. Don’t miss the huge 2.5 car garage with work-area that has cabinetry for extra storage. The extra room in the garage can easily be turned into a work shop or hobby center.

Click anywhere on picture: from Bob Sokoler on Vimeo.p>

You won’t want to miss this outstanding house in a great area! This 3 Bedroom, 2.5 Bath Cape Cod features beautiful hardwood flooring throughout most of the first floor and second floor. The first floor features a Formal Living Room and Formal Dining Room, as well as a Family Room with brick, gas fireplace. The Eat-in Kitchen is light and bright with the floor to ceiling windows in the eating area and has white cabinetry, with stainless steel refrigerator and dishwasher and brand new black range. You will not believe the size and beauty of the Huge Master Suite. Here you’ll find closets, immaculate wood flooring and a gorgeous, brick fireplace for instant romance. The Master Bath also has a whirlpool tub. The second floor also has two nice size additional Bedrooms with hardwood flooring and a second Full Bath. Don’t miss the partially finished lower level with Family Room and office area. There’s even a mini mud room for the kids to store their coats and shoes. Out back the private backyard is surrounded on 2 sides with large pine trees. The new patio will make a great place to entertain! You’re going to want to call this home!

3123 EAGLE PASS LOUISVILLE, KENTUCKY from Bob Sokoler on Vimeo. Immaculate Cape Cod in Audubon Park. Gorgeous Hardwood Flooring throughout most of 1st floor. Enter in the front door into the large living room, which opens to the Dining Room. The Kitchen features a smooth cook top and dishwasher. The formal Dining Room gives access to the Double Deck off Back. The first floor also features a large Master Bedroom, second Bedroom and Full bath. The second floor has a full bath and two additional bedrooms, one currently being used as a family room. Don’t miss the full unfinished basement with laundry and cedar closet or the detached 2-car garage!

Stanley Farm Court from Bob Sokoler on Vimeo.

A Stunning home in much sought after Stonefield Trace, less than 15 minutes from the Summit Shopping center. Greeting you as you enter this brick and stone home are gorgeous hardwood floors. The two-story Foyer leads you past a Formal Dining Room currently being used as a library and then into the 2 story great room. Here you’ll find a corner, stone fireplace with raised hearth and opens to the large Eat-in Gourmet Kitchen! Here the chief or chiefs in your family will have an abundance of maple cabinetry and granite counter tops. There’s a smooth top range, double oven and stainless steel refrigerator. The luxurious, first floor Master Suite features a double trey ceiling, huge walk-in closet and lavish bath with whirlpool tub, separate shower, granite vanity with double bowls and ceramic tiled flooring. On the other side of the first floor there’s an additional Bedroom with a full bath next to it. Ideal for guests or grandparents who can’t walk up steps. The second floor has 3 huge Bedrooms with walk-in closets and a “Jack and Jill” bath. One of the bedrooms has a dormered sitting area and would make a great Play Room/Bonus Room. It’s currently being used as a double office. Don’t miss the finished Lower Level with Media area and Recreation Area. There’s also another room that can be used as an Office, Exercise Room or craft room. The basement also has another Full Bath and an enormous amount of space for storage. This home also features a 3 car garage.

Real Estate Louisville Ky - SARATOGA WOODS (RE/MAX Properties East) from Bob Sokoler on Vimeo.

This gorgeous ranch with a 2 car garage on the top level has a modern, open floor plan and would make a great home for entertaining especially with 3 decks on different levels. The Vaulted Great Room is wired for surround sound and features a ceiling fan and stone fireplace, and opens those 3 decks. The enormous Eat-in Kitchen features an abundance of cabinetry, counter space and smooth top range. Down the hall you’ll find the Luxurious Master Suite which has a trey ceiling with ceiling fan and lavish bath with whirlpool tub, separate shower and double bowl vanity. The two additional bedrooms are both good sized. More on the decks, take a look at these, can’t you just picture yourself having a party out here? The privacy of those trees makes this an amazing home. Downstairs you can’t miss the HUGE walk-out lower level finished with a recreation area, including a wet bar, another fireplace and an extra large full bath that will be a real WOW to guests. This home also features extensive landscaping, security system and is on a corner lot. 

Interest in the Louisville Kentucky Home buying market for February 2008 is up from January 2008 by 13%, but a new problem is putting the brakes on buying a home, FINANCING!  New numbers just released by the Greater Louisville Association of Realtors show the number of homes that went under contract in February 2008 was 1165 compared to 1015 in January 2008. But, the number of homes that actually closed in February 2008 was down 13 % from the January 2008 under contract numbers. All indications are that mortgage companies are taking longer to finance or are refusing to finance loans.  So some homes that go under contract are taking longer to close or don’t close because of financing issues.

 

For months now, we’ve been watching mortgage companies tighten requirements to get a loan. Now we’re seeing hard proof that even lower interest rates won’t help buyers if the mortgage companies won’t grant those potential buyers home loans. The problem stems from several years of home loans being granted to people who did not have the credit history to support those loans. The mortgage industry was looking for the profit without considering the consequences. With so many home loans ending up in foreclosure and the government cracking down on mortgage companies who made those loans, home buyers in 2008 are paying the price for the past mistakes of the mortgage industry.  I actually saw an underwriter reject a loan because the potential buyer signed his name a little differently than the signature they had on record.  The closing attorney had the proper identification of the buyers but that wasn’t enough for the underwriters. The closing process was delayed because of it. We should point out that not all mortgage companies are responsible for the bad loans but all mortgage companies and buyers are now suffering from the crackdown by underwriters.

The number of homes going under contract in February 2008 compared to February 2007 is still down by 3%, but that’s a marked improvement from double digit negative numbers from months before.  As of today homes were averaging 88 days on the market and there are 9976 properties currently for sale in the greater Louisville area.

With the potential of another drop in interest rates coming in March 2008 and a positive feeling in the Louisville Kentucky housing market, Louisville may end up leading the country in a home sales recovery.  Now all we need are those mortgage companies to loosen lending guidelines so that people who are legitimately qualified to get a loan can by a home.

Old Louisville Charm! from Bob Sokoler on Vimeo.

Beautifully renovated home with much attention to detail. Gorgeous Heart Pine Hardwood flooring throughout most of the 1st floor. The Formal Living Room and Formal Dining Room open to each other and each feature a decorative non-working fireplace. The modern, gourmet Kitchen has new maple cabinetry, Corian countertops, ceramic tile flooring and brand new stainless steel appliances. The Master Suite features a walk-in closet and private bath with new fixtures, ceramic tile flooring and refinished claw-foot tub. The two additional bedrooms and Den area (which could be a possible 4th Bedroom) have good sized closets. The additional bathrooms also have new fixtures and ceramic tile flooring. This house was renovated to the building codes for 2007. Many extras include: new roof, new double-paned windows, new plumbing and fixtures, 2 new high efficiency HVAC units, security system, refurbished pocket doors, new carpeting. Don’t miss the 6 foot privacy fenced, stone courtyard, with no grass to mow, with carport. The new carport features an automatic garage door. This is a great location in Old Louisville just minutes to the airport, U of L, Churchill Downs, the Highlands, 4th Street Live and the excitement of downtown Louisville.