Every area of the country has been touched by the housing crisis, and my beloved home town of Oldham County is no exception. But in comparison to other pockets of the country, this beautiful county, located just a few miles north of Louisville, Kentucky, has weathered the storm fairly well.
Putting It In Perspective.
Taking a snapshot of sales and inventory in Oldham County, Kentucky for all single family residential sales in 2011, prices, days on market, and of major importance to home sellers, ratio of list price to sales price, Oldham County home sales fared a little better than in nearby Louisville.
As in most areas of the country, it is taking longer for homes to sell. Back in the robust years of the early 2000’s, the average days on market were about 95. In 2011 the average cumulative days on the market rose to 167 days.
Of particular importance to home sellers is the difference between list price and sales price. For the first 20 years I sold homes in Oldham County, I was able to show folks that they could expect a list-to-sell ratio of between 97% and 98% of list price. Now that we are in a buyer’s market, that number has dropped. In 2011, the average list-to-sell ratio was 95.34%.
Here Is A Snapshot Of Oldham County Homes Sales In 2011:
|Avg List $||Avg Sale $||Median Sold $||Avg DOM||Avg CDOM||% Sold/List||Current
|Annual:||2011 – 2011||671||$186,690,284||$291,226||$278,226||$240,000||91||161||95.53%||403||7.20|
Note: The “Current Inventory” column(s) reflect the number of active(on market) listings on the 31st day of each month.
What Does This Mean If You Are In The Market To Sell?
As long as Oldham County maintains a school system of excellence and a quality of life that continues to draw home buyers, home sales sales will fare better than surrounding areas. Oldham County has a unique beauty, a reputation for being one of the finest places in Kentucky to live.
Maybe I’m a little partial, but I have to say that in my more than 20 years of selling homes in my own “back yard” , I have never had a client tell me they regretted moving to Oldham County. And if you are wanting to come back to Small Town America, you might find yourself falling in love with this place, too.
If I can help you find your Oldham County home, please leave a comment below, or feel free to email me: Jacki@TheShaferTeam.com .