Posted by Bob Sokoler on Tuesday, August 6, 2019 at 7:14 AMBy Bob Sokoler / August 6, 2019Comment
Packed with Real Estate Questions and answers...What's happening to Real Estate? Buyer or Seller? Love Real Estate? You can listen to our latest Radio Show here! Stay up to date on Louisville, KY Real Estate. Also, check out www.louisvillequestions.com. Be sure to listen to our Louisville Real Estate Show on 840 WHAS Sunday morning from 8:30-9:00 am! Have a question for our team of experts? Call (502) 252-1890 or (502) 376-5483 to leave a question. For more information about Louisville Real Estate or to work with the hardest working Real Estate Team in Kentucky “The Sokoler Team" at REMAX Properties East, 10525 Timberwood Circle, Louisville KY 40223 head to www.WeSellLouisville.com. email bob@WeSellLouisville.com or call (502) 376-5483.
Posted by Bob Sokoler on Tuesday, May 14, 2019 at 2:01 PMBy Bob Sokoler / May 14, 2019Comment
Louisville has some of THE best food around. One of the most loved American eats may have gotten its start right here. The cheeseburger.
Legend has it that Carl Kaelin, the owner of Kaelin’s a former beloved diner in Louisville for many years, invented the cheeseburger not long after the diner opened in 1934. Of course, there are chefs in California and Colorado who also claim to have begun the popular trend of putting a delicious slice of cheese on a minced meat patty. No matter who truly was first we think Louisville has some of the best cheeseburger joints in the country. Here are some of the best spots to grab a cheeseburger in Louisville:
Serving up a traditional old-fashioned style cheeseburger is Check’s on E Burnett Ave. The single with cheese offers up a hearty and comforting meal for those looking for a classic style cheeseburger. If you are extra hungry go for the double. ...
Posted by Bob Sokoler on Monday, April 15, 2019 at 2:05 PMBy Bob Sokoler / April 15, 2019Comment
One of the most beloved things about living in Louisville is the great parks. Louisville has over 120 public parks just within the metro area and many of them were created by the same landscape architect that created Central park, Fredrick Law Olmstead.
Check out these most popular parks in Louisville.
Located in the Highlands at the east end of the city, Cherokee Park is quite possibly the most loved park in Louisville. This park is not just a hotspot for locals it is a popular attraction for tourists as well. Cherokee Park sees about 500,000 visitors a year; it is...
Posted by Bob Sokoler on Tuesday, March 19, 2019 at 2:28 PMBy Bob Sokoler / March 19, 2019Comment
Louisville is known for a few different reasons among those that don’t live here, mainly baseball bats and a name that doesn’t phonetically make any sense. To those who call the River City home, there are so many reasons to love it. Here are some of the top reasons why people who live in Louisville love living in Louisville.
It’s fun to say and if you are not from around here a local may have fun listening to the way you pronounce the name of their beloved city. Nothing confuses outsiders more than how locals pronounce Louisville. Say “Loo-ee-vill” or “Loo-iss-vill” and you will give yourself away like an out of towner right away. Even a spoken “Loo-ee-vul” might turn a head. The correct way to pronounce it is “Loo-a-vul” or if you really want to look like a knowledgeable local you would say “Luhl-vul.” ...
Posted by Bob Sokoler on Tuesday, October 24, 2017 at 9:00 PMBy Bob Sokoler / October 24, 2017Comment
Loaded with Real Estate Questions and answers...What's happening to Real Estate? Buyer or Seller? Love Real Estate? Stay up to date on Louisville, KY Real Estate. You can listen to our latest Radio Show here! Be sure to listen to our Louisville Real Estate Show on 840 WHAS Sunday morning from 8:30-9:00 am! Have a question for our team of experts? Call (502) 252-1890 or (502) 376-5483 to leave a question. For more information about Louisville Real Estate or to work with the hardest working Real Estate Team in Kentucky “The Sokoler Medley Team" at REMAX Properties East, 10525 Timberwood Circle, Louisville KY 40223 head to www.WeSellLouisville.com, email bob@WeSellLouisville.com or call (502) 376-5483.
Posted by Bob Sokoler on Sunday, August 13, 2017 at 12:09 PMBy Bob Sokoler / August 13, 2017Comment
Louisville's average sale price is up almost 3%, the areas average median sale price is up more than 1.5%, but the problem felt by anyone looking for a home in the $50,000-$300,000 price range is just finding a home. The number of Louisville homes on the market has dropped 15% from a year ago. The reason it's a bigger problem now is that there are more people in that price range looking for a home than ever before. In addition to Millennial's looking for a home, you have boomerang buyers (people who have had credit problems and whose homes went into foreclosure or short sale between 2008 and 2014), now able to look for homes, move-up buyers and individuals who are downsizing.
Additionally, Home builders are trying to build homes as fast as they can. But because many of the trades got out of the industry during 2008 to 2013, finding plumbers, electricians and woodworkers are harder than ever. So construction of new homes is slower than it should be.
We're seeing more buyers continuing to look for homes here in August than in years past. That's an indication that there are still plenty of buyers looking for that perfect home. In fact, the most recent numbers from the Greater Louisville Association of Realtors (G.L.A.R) shows that the number of homes sold in July 2017 was down just .1% when compared to the same month in 2016. That's a clear sign that buyers are getting concerns they may not find their perfect dream home and are buying homes that they hope to turn into that dream home. Interestingly enough the number of pending homes was up 7.9% during the same time frame.
Posted by Bob Sokoler on Wednesday, March 8, 2017 at 11:43 AMBy Bob Sokoler / March 8, 2017Comment
It wasn’t the weather, home prices, lack of buyers or Interest rates that slowed Louisville home sales in February 2017. Plain and simple it was a lack of inventory that caused sales to drop by 6% last month compared to February 2016. Buyers are having trouble finding homes especially in the $100,000 to $349,000 price ranges (see our absorption rate chart below).
Actually, the drop in home sales could have been a lot worse considering there were 20.6% fewer homes on the market last month compared to a year before. That 20.6% drop equates to approximately 1000 homes and when the inventory only totals 3652 homes, a drop of approximately 1000 homes represents a large chunk of potential homes to buyers. Remember, buyers are desperately trying to find a home before interest rates go up again.
There are several reason homes in the $100,000 to $349,000 price range are in short supply:
Boomerang buyers (people who had their home foreclosed on or had to short sale their home between 2007 and 2014 are back in the market looking for homes.
Home builders effected by the recession closed their doors or slowed production to survive. Those home builders are regaining confidence in the economy but many of their suppliers and trades (electricians, plumbers and carpenters) either retired during the recession or found other jobs.
First time home buyers including millennials are...
Posted by Bob Sokoler on Friday, November 11, 2016 at 2:13 AMBy Bob Sokoler / November 11, 2016Comment
Election outcome could trigger Louisville Home Buying Frenzy!
Louisville home prices are up, Louisville home Sales are up but inventory remains lower than expected but all bets are off if interest rates start climbing! The news is good for most homeowners but because of the act of inventory homebuyers could be faced with a difficult choice in the near future. What will they do if interest rates start to inch up or down in December 2016 and beyond?
It’s very possible rates could increase because during the last Presidential debate, Donald Trump talked briefly about the government artificially holding down interest rates to help the economy improve. It sounded like he was not in favor of that practice continuing if he was elected.
Yet surprisingly the day after the election mortgage rates slightly dipped. “Mortgage rates are falling because investors are seeing safe yields in U.S. mortgage backed securities, reflecting their confidence in the relative safety of the U.S. housing market,” wrote Trulia chief economist Ralph McLaughlin the day after the election.
If rates move at all buyers on the fence right now may jump off trying to find a home in a traditionally slow buying time of the year. This may set up the perfect reason for sellers thinking about putting their home on the market to explore listing their home. The lack of homes could mean a home selling for more money and faster. It depends on price vs. inventory. This may be the perfect time to call Bob Sokokler at (502) 376-5483 to schedule an appointment to review the process of selling your home.
The graph below shows the absorption rate for homes (see the month supply on the right side). Clearly anything with a less that 5 month supply is a sellers market but homes...
Posted by Bob Sokoler on Wednesday, October 19, 2016 at 2:35 PMBy Bob Sokoler / October 19, 2016Comment
Energy efficient homes are a top priority for many people. Who doesn't want to save money on costly energy bills? Making your home more energy efficient to cut some costs can seem like something unattainable to people without large sums of cash. When we think energy efficiency we tend to think expensive items like energy star appliances, and tankless water heaters. There are actually a number of ways to make your home more energy efficient without spending your life savings. These steps are the first actions any home owner should take toward a more energy efficient home.
This may seem like such a simple and minimask, but it is one that comes with huge impact. Replacing air filters makes a huge impact on HVAC systems especially where air conditioning S utilized. It is difficult for your AC to work optimally when air is being pushed through a dirty filter. Clean filters mean rooms reach a desired temperature faster and less work for the AC/heating system saving lots of money.
Posted by Bob Sokoler on Wednesday, August 10, 2016 at 9:08 AMBy Bob Sokoler / August 10, 2016Comment
Well, kids are back in school and many school districts are well underway. Of course, in today's day and age, all parents and even some students are concerned about the safety in schools. As a parent, it's important to do all we can to keep our kids safe but also have fun and find unique tips, tricks, and shortcuts to make life easier when the kids are in school.
Here are 10 simple tips for a better school year to keep you kid safe and have fun.
#1. Organize the Mornings.
Try to keep things as organized as possible when sending the kids back to school. Depending on when your kids go to school in the morning, set up a foolproof family calendar with the times that kids need to get to the bus stop, when they will get back and a routine that works for everyone in the morning. You want everyone to start the day happy and prepared when leaving the house. Make lunches the night before, organize all of the backpacks, hats, shoes, books and homework in a neat line so they are ready to grab them and go in the morning. This also helps you sleep in just a little bit longer when everything is prepared the night before.
#2. Prepare breakfasts the night before.
It can be very easy to get up late, grab an apple or a banana or even nothing at all and head out the door. But kids need the right mood for learning and by giving them a healthy, protein packed breakfast, they can think better and do better in school. Many middle school and high schoolers have challenging classes first thing in the morning and instead of sleeping through them, send them off with a healthy breakfast of either oatmeal that's made the night before, protein packed muffins or breakfast bars or prepare breakfast sandwiches or burritos that simply need to be heated up in the microwave for a...
Posted by Bob Sokoler on Friday, July 22, 2016 at 1:58 PMBy Bob Sokoler / July 22, 2016Comment
Niche has compiled a list of the best places to live in Kentucky for 2016 based on public schools, cost of living, job opportunity, crime rate, and local amenities. They put together this list of best places to live with data gathered from various different sources including the FBI, BLS, CDC, the U.S. Census and a few other sources not named. This year an astounding 7 out of the top 10 on the list are Louisville neighborhoods.
Here are the Top 10 2016 Best Places To Live in the Niche List
Posted by Bob Sokoler on Wednesday, February 17, 2016 at 2:17 PMBy Bob Sokoler / February 17, 2016Comment
New Homes in Poplar Lakes - Louisville Kentucky
Interested in owning a home in Poplar Lakes?
For the latest inside information on what is available contactthe team at Sokoler Medley 502-376-5483
New Homes in Louisville
Pulte Homes has recently had their grand opening of the new Poplar Lakes located on Deer Lake Lane and Poplar Lakes Lane just south of Jeffersontown about 20 minutes from downtown Louisville. Easily accessible via Highway 155 or Interstate 265 this community is bordered by the Pine Valley Estates, Saratoga Woods and the Charlie Vettiner Park. From Easum Rd., head south along Poplar Lakes Lane, which turns into Deer Lake Lane after the roundabout. This collection of 12 new homes feature nine distinct floor plans starting at about $208,000 to about $250,000.
Floor plans start at 1500 ft.² to nearly 2600 ft.². The models include:
Posted by Bob Sokoler on Sunday, February 7, 2016 at 11:13 PMBy Bob Sokoler / February 7, 2016Comment
The new Louisville numbers are out for January 2016 home sales and though sales are up the real story is the lack of home inventory. Looking at the numbers first, the number of homes sold in January 2016 were up 2.3% over the year before. The number of homes going under contract were up 12.6% over the same time period the year before.
But if you look at the new homes coming on the market in the month of January you'll see the number was down 13.2% from the year before. That's why Louisville Buyers are desperately looking for their next home and there are very few to be found.
We measure the buyer activity with the term called “absorption rate”. If we turned off the faucet and no other homes came onto the market as of right now, how long would it take existing buyers in the marketplace to purchase or “absorb” the current supply of homes. The nationally accepted scale is as follows: six month supply or more is a buyers market, a 5 to 6 month supply of homes is a neutral market anything under of five months supply is said to be a sellers market. The current absorption rate for the Louisville area is a 3.36 month supply, a firm sellers market! In fact just a year ago we were talking about a firm sellers market and the absorption rate was a 4.82 month supply of homes.
What does this mean to you? Let's start with sellers, if you are considering putting your home on the market this year now is the time to do it. Typically you'll get more money and sell faster if you're on the market sooner than later this year. Naturally you have to be concerned about finding your next home, so be sure to read...
Posted by Bob Sokoler on Thursday, January 21, 2016 at 9:53 AMBy Bob Sokoler / January 21, 2016Comment
2015 Was an Amazing year for the Sokoler Medley Team. We were able to help more than 380 families sell or buy a new home in the Louisville Kentucky and Southern Indiana areas! We look forward to helping you and your family in 2016 and the years to come.
Posted by Bob Sokoler on Sunday, November 22, 2015 at 1:42 PMBy Bob Sokoler / November 22, 2015Comment
Louisville Best Seafood Restaurants
1. Mike Linnig's Restaurant has been Serving some of the greatest seafood since 1925. Nestled in a shady grove along the Ohio River, Mike Linnig's Restaurant has been dishing up delicious fried fish and seafood at family prices for many years with dishes like fried fish, shrimp, frog legs, pan fried oysters, turtle...
Posted by Bob Sokoler on Wednesday, October 7, 2015 at 10:24 PMBy Bob Sokoler / October 7, 2015Comment
New Louisville Home sales numbers for September 2015 are out and home owners can celebrate. Louisville made significant gains in a number of areas including average price, days on the market, Home sales and pending sales.
Louisville home sales have been gaining steadily for much of 2015, the latest numbers show the average sales price in many areas of Louisville are up more than 8.5% from the same time a year ago. The average sale price increased from $183,500 to $199,355. That’s a significant gain for any town!
There’s more good news for Louisville sellers and concerning news for Louisville area buyers. The days on market have decreased for the average home dramatically. Homes in hot areas of town (priced correctly and in good condition) were on the market 69 days in September 2015 84 days in September 2014 for a reduction of 17.86%.
The good news continues for the number of homes that sold in Louisville during September 2014 up 12.9% over the year before and the number of homes going under contract increased 17.9% over September 2014. The concern is the lack of homes on the...