News Room



Community News

Traffic to available properties resumes as economy opens 

Pending sales in May reversed course from a month prior. April saw pending sales down 16 percent year over year, while May saw pending sales jump 8 percent, with 1,634 properties under contract, an all-time high, compared to 1,517 in 2019. This is a positive sign for how the summer months may play out for the real estate market.

The volume of transactions that are under contract for the month comes at a time when inventory levels dropped to an all-time low with 2,439 available residential properties, a 34 percent decrease from a year ago and down 10 percent from the previous month. May’s inventory level marks the sixth consecutive month, starting in December, of record lows and rounds out the fourth straight month of levels falling below the 3,000 threshold.

“With the economy opening back up, we are seeing real estate do the same,” said Greg Buchanan, president of the Lexington-Bluegrass Association of REALTORS® (LBAR). “It’s just taking longer for closings to happen which is extending pending transactions and affecting sales volumes in the short term. This tightening of inventory will also likely put pressure on Lexington and other counties in our region to have additional conversations about growth.”

Inventory levels in Central Kentucky have been trending lower than what is typically seen in the area and the current environment has only exacerbated that fact. Months of inventory fell to 2.1 months in May, compared to 2.8 months in April and down 19 percent from the 2.6 months in 2019. Homes priced from $160,000 to $200,000 had less than one month of inventory available across all LBAR counties. Fayette County, the county that generates the most transactions in LBAR’s jurisdiction, showed inventory levels hovering around two weeks or less for homes under $250,000. Madison County, the second most active county, had around two weeks of inventory for homes priced between $120,000 and $200,000. A six-month supply of inventory is often considered a balanced market.

Days on market in May continued dropping for the year, with a 13 percent decline, hitting 46 days compared to 53 days last year while they dropped 4 percent from the previous month. Sixty-six percent of all home sales occurred in less than a month while only 13 percent of homes took longer than 120 days to sell in May.

“Interest rates are so favorable right now that buyers are out pounding the pavement trying to find available properties to purchase but it’s tough to find anything that hasn’t already gone under contract,” said Buchanan. “Now is a great time, if you are thinking about selling, or in a place where you need to sell, to reach out to a REALTOR® to explore options. Inventory is needed to meet buyer demand so sellers may find it very advantageous in the current market.”

 Home prices have been pushed upward due to the increased demand, reaching a median of $193,000 for the month, a 10 percent increase over the $176,200 median price from the year prior. May’s median price was the second highest on record, following the all-time high in April and marking 15 straight months of gains. Nationally, home prices jumped just over 2 percent but hit a median of $284,600, much higher than the median price seen locally. Across the country, home prices have now risen for 99 straight months.

Real estate sales in May experienced a 16 percent decline over last year, with 1,188 total sales compared to 1,412 in 2019. Single-family home sales dropped 14 percent, with 1,105 sales compared to 1,114 last year while townhouses/condos saw a drop of 34 percent with sales of 83 this year versus 125 in 2019.

New construction sales continued to climb for the third straight month with year-over-year increases. May sales hit 125, a 17 percent increase over last year’s 107 sales and 5 percent more sales than April. New construction made up almost 11 percent of the market for the month.

Nationally, overall sales dropped almost 27 percent year-over-year and NAR’s chief economist Lawrence Yun said that “sales completed in May reflect contract signings in March and April – during the strictest times of the pandemic lockdown and hence the cyclical low point.”

Traffic to available homes hit a low mark in April but experienced a strong rebound in May. Appointments for showings, which hit 22,094 in May, jumped 42 percent over the previous month and increased by 7 percent year-over-year. May’s traffic total was an all-time high, exceeding the previous record of 21,029 in April 2019 by 5 percent.

Buchanan added, “Late summer should see real estate sales pick up as closings return to normal and demand continues at a frenzied pace. Record low interest rates will also help spur buyers into action. As the market is dictating, most sellers who put their homes on the market continue to see quick sales and many are finding themselves in multiple offer situations.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,500 REALTORS® located in 26 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Estill, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Lee, Madison, Menifee, Montgomery, Nicholas, Owsley, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 

Buyer demand remains strong with rebound in foot traffic

For the first time since June of 2019, real estate sales in the region experienced a decline year-over-year, with the current pandemic and the ongoing inventory issues creating a ripple in the market.

Total sales in April were down 18 percent over last year, with 968 transactions in 2020 compared to 1,180 in 2019. Single-family home sales dropped 19 percent, with 906 sales compared to 1,114 last year. Townhouses/condos saw a decline of 6 percent in April, bringing monthly sales to 62 versus 66 in 2019.

New construction sales continued to strengthen in April with 119 sales, a 33 percent increase over last year’s 89 sales and pushing new construction to over 12 percent of the market for the month.

Year-to-date, due to a strong first quarter of the year, total real estate transactions remain up 2 percent compared to 2019. Transactions totaled 3,907 compared to 3,835, an increase of 72 homes sold. Fayette County has seen a drop of 6 percent in sales for the year while the next five largest counties – Madison, Scott, Jessamine, Franklin and Laurel – in total transactions have all experienced double digit increases year-to-date.

Nationally, overall sales dropped 17 percent year-over-year and NAR’s chief economist Lawrence Yun said that “the economic lockdowns – occurring from mid-March through April in most states – have temporarily disrupted home sales, however, listings that are on the market are still attracting buyers and boosting home prices.”

“We expected sales to wane for a few months as we entered into the spring market,” said Greg Buchanan, president of the Lexington-Bluegrass Association of REALTORS® (LBAR). “Inventory issues were low before the crisis happened and have proven to be a challenge as we navigate through the pandemic. Compound this with the abrupt halt to the economy and the result has been a shock to the market.”

Due to the sudden economic changes, levels of inventory took a hit of 25 percent for the month, dropping to 2,719 available residential properties, continuing a streak of three straight months of levels averaging less than 3,000 available residential properties for sale. With the drop in April, inventory levels have decreased year-over-year for 11 consecutive months and hit a new all-time low. In addition, new listings to the market fell 31 percent for the month, further contributing to lack of homes available in the region.

Months of inventory shrunk, hitting only 2.8 months in April 2020 compared to 3.1 months at the same time last year, a drop of 10 percent. Homes priced in categories from $100,000 to under $200,000, all had less than 2 months available while the categories generally considered in the range for many first-time buyers, $140,000 to less than $200,000, had less than 1.5 months available. A six-month supply of inventory is often considered a balanced market.

Days on market in April followed the trend for the year, with a 16 percent decline, hitting 48 days compared to 57 days in April 2019. Days on market dropped 19 percent in April from the previous month. Sixty-six percent of all home sales occurred in less than a month, 16 percent more than the total sold in that time last year when 57 percent sold in less than a month. Only 13 percent of homes took longer than 120 days to sell in April.

“The shortage of supply has put increased pressure on prices,” said Greg Buchanan, president of the Lexington-Bluegrass Association of REALTORS® (LBAR). “Real estate is still moving very quickly and the demand in this area is very strong. Some potential buyer, and even sellers, are putting a temporary hold on their decisions, however, we anticipate market activity on both sides to pick up quickly as the state, and country, start the opening process.”

Home prices were pushed upward, reaching a median of $198,000 for the month, ending at an all-time high. This surpasses the previous high last month of $191,500 and was a 13 percent increase over the $1750,000 median price from April 2019. Before consecutive months of record median prices, the next highest median price recorded was $189,900 in June of last year.

Median prices for both single-family homes and townhouses/condos rose 14 percent year-over-year, coming in at $199,900 and $164,950 respectively. This marks 14 straight months of gains while on the national level, home prices have risen for 98 straight months, coming in at $286,800 in April, an increase of over 7 percent from last year.

The spring housing market may be delayed at least another month as pending sales in April dropped for the second month in row, falling 16 percent, with 1,258 homes under contract, versus 1,497 last year. Pending sales serve as a good indicator of where total sales may be in the coming months.

And while a lower pending total in April is a likely signal to slower May transactions, data coming out now from the Mortgage Bankers Association has shown that mortgage applications for home purchases have increased for five consecutive weeks, ending the third week of May, and that purchase volume was almost even compared to being down 35 percent six weeks ago. In fact, government purchase applications, which include FHA, VA and USDA loans, are now 5 percent higher than the same time last year.

This tracks with information reported on real estate showings locally. Starting around mid-March, foot traffic decreased substantially in the Central Kentucky region. Around mid-April the spread between this year and last started to close and by the first week in May, foot traffic to available homes surpassed last year’s total.

Buchanan added, “Demand in the area hasn’t slowed down as ready and willing buyers have still been in the market. What we have seen has been a temporary hold on people listing their homes and some sitting out for a few weeks, waiting for the right time to resume their search. Because of the demand and tight inventory, prices have held steady, and in many cases accelerated. Good news is that mortgage forecasts have shown a downward rate trend so far this year and continue to project record-low rates for the foreseeable future.”

Fannie Mae projected recently the average rate in the second quarter of 2020 would be 3.2%, followed by 3.1% in the third quarter and 3% in the fourth quarter. For 2021, they are forecasting an average of 2.9% for every quarter of the year.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,500 REALTORS® located in 26 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Estill, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Lee, Madison, Menifee, Montgomery, Nicholas, Owsley, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 

Spring housing market may be delayed 

The impact on Central Kentucky real estate through March was minimal, however, the region may see a delayed spring market as the crisis takes its toll on the economy.

In March, real estate sales posted a 4 percent increase in total sales over last year, with 1,133 transactions in 2020 compared to 1,088 in 2019. For the first quarter of the year, total sales ended up 10 percent over the same period last year as both January and February in 2020 were record months for total activity.

Single-family home sales saw an increase of 3 percent, with 1,048 total sales compared to 1,015 last year. Townhouses/condos saw a surge of 16 percent in March, bringing monthly sales to 85 versus 73 in 2019.

New construction sales also saw a significant increase in March with 117 sales, a 17 percent increase over last year and pushing new construction to just over 10 percent of the market for the month.

Nationally, overall sales increased 0.8 percent year-over-year and NAR’s chief economist Lawrence Yun said that “home sales would wane in March due to the coronavirus outbreak and more temporary interruptions to home sales should be expected in the next couple of months, though home prices will still likely rise.”

Home prices locally did climb in March, reaching a median of $191,500 for the month. This was a 13 percent increase over the $169,900 median price from March 2019 and ended as the highest median price ever recorded for the Association. The next highest median price recorded was $189,900 in June of last year.

Median prices for single-family homes rose 14 percent $194,500 while townhouses/condos jumped 27 percent to $180,000. On the national level, homes prices jumped 8 percent, year-over-year, to a median of $280,600, marking 97 straight months of gains.

“Prices in our area have remained strong over several years due to the lack of inventory and strong demand,” said Greg Buchanan, president of the Lexington-Bluegrass Association of REALTORS® (LBAR). “With this crisis, we predicted inventory levels would be affected even more than in previous months as people contemplated whether or not to buy or sell and that seems to have occurred.”

Levels of inventory saw a decline of 15 percent for the month, averaging less than 3,000 available residential properties for sale for the second month in a row. With the drop in March, inventory levels have decreased year-over-year for 10 consecutive months and hit record monthly lows in every month this year. In addition, new listings to the market fell 8 percent for the month, contributing to lack of homes available in the region.

To further the impact on the real estate market, after 14 consecutive months of increases, pending sales took a hit in March, dropping 7 percent, with 1,316 homes under contract. Pending sales serve as a good indicator of where total sales may be in the coming months.

“People are being cautious right now with the pandemic,” stated Buchanan. “Some will hold off entering the market until the stay at home guidelines are lifted. Once businesses are able to reopen in the weeks ahead, however, we expect a robust housing market to follow. The autumn months should also give the market a lift with the increase in demand and, hopefully, an influx of inventory for buyers who have been sidelined.”

Months of inventory tumbled, hitting only 2.6 months in March 2020 compared to 3.2 months at the same time last year, a drop of 19 percent. Homes priced in categories from $100,000 to under $250,000, all had less than 2 months available while the categories generally considered in the range for many first-time buyers, $140,000 to less than $200,000, had less than 1.5 months available. A six-month supply is often considered a balanced market.

Days on market in March followed the trend for the year, with a 6 percent decline, hitting 59 days compared to 63 days in March 2019. Fifty-six percent of all home sales occurred in less than a month, 10 percent more than the total sold in that time last year when 51 percent sold in less than a month.

Buchanan added, “Real estate is considered essential so REALTORS® are able to work with buyers and sellers but you will see changes in the process. With the distancing guidelines in place, we are using PPE, showings are utilizing more technology and limits are being placed on in-person tours and walk-throughs. But demand is still there – people need to buy and sell for many reasons and many want to come to this area. That has not changed through all of this.”

If pent-up demand wasn’t enough to forecast a strong rebound when the crisis was over, Fannie Mae has predicted, in response to the toll on the economy, that interest rates for 2020 could drop to 3 percent before falling to 2.9 percent next year. Further predictions say that consumers with strong credit could see rates in the mid- to low- 2 percent range. This coming on the heels of already record low rates currently in the market. This could be a huge boon to refinances and prospective home buyers would be able to afford a house sooner than they thought or give some the opportunity to afford a more expensive home than they were able to before.

 “Lower rates would certainly be good news for buyers once the crisis is behind us,” said Buchanan. “A solid real estate market is fundamental to a strong economy so that would be a step in the right direction to help the country rebound.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,500 REALTORS® located in 26 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Estill, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Lee, Madison, Menifee, Montgomery, Nicholas, Owsley, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 


Click here to view a PDF of this release

At a recent Lexington-Bluegrass Association of REALTORS® Board of Directors meeting, it was approved to contribute $50K to the Team Kentucky Fund, developed by Governor Andy Beshear to deliver financial aid to those severely financially impacted by the COVID-19 pandemic. Aid provided by the fund, according to both the Governor and Lieutenant Governor Jacqueline Coleman, will help cover mortgages, rent, utilities and other needs after they have had their lives turned upside down by this devastating crisis.

LBAR President Greg Buchanan stated, "REALTORS® are the fabric of every community and this donation reiterates how important it is to remain community focused for all our citizens through this crisis. This fund is a perfect outlet to get much needed support to those who need assistance during these unprecedented times."

“I’m extremely proud of our association for stepping up,” said Justin Landon, LBAR’s chief executive officer. “REALTORS® are some of the most civic minded people you could ever be around and this is just one demonstration of that commitment.”

Kentucky's Public Protection Cabinet oversees the Team Kentucky Fund. Employees under the leadership of Secretary Kerry Harvey have a proven track record of getting money to citizens in times of crisis. For more information on Team Kentucky Fund go to ppc.ky.gov.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,400 REALTORS® located in 26 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Estill, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Lee, Madison, Menifee, Montgomery, Nicholas, Owsley, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources.

 

Pending sales indicate transactions will continue to climb

The first month of a new decade saw a huge boost in real estate sales, jumping 20 percent versus 2019. Total home sales reached 828 in January compared to 691 during January last year. This is coming out of 2019, a record year in many ways, that ended up 7 percent over 2018 and, in December, posted an increase of 19 percent year-over-year.

In January, single-family home sales saw an increase in sales of 21 percent, with 781 total sales compared to 646 last year. Townhouses/condos saw a smaller increase of 4 percent in January, bringing monthly sales to 47 versus 45 in 2019.

New construction sales made up 15 percent of the total transactions for the month and rose 62 percent year-over-year, with 105 sales in January 2020 compared to 65 for the same month in 2019. New construction sales have risen, year-over-year, for seven consecutive months.

“Last year at this time, the federal government experienced the longest shutdown in history, which suppressed transactions in January,” said Greg Buchanan, president of the Lexington-Bluegrass Association of REALTORS® (LBAR). “Many federal loans, including VA, FHA and USDA, were delayed during this time which had an impact on closings. Even conventional programs like Fannie and Freddie were occasionally slower to close due to an increase in loan processing times.”

Pending sales, coming off a 13 percent increase in December, jumped a whopping 16 percent in January versus last year. The 1,161 homes under contract are the most ever for a January and the first time to exceed the 1,000 threshold for the month. Pending sales have increased, year-over-year for 13 consecutive months.

The run up in sales has again put a damper on inventory in the region. Homes for sale dropped 14 percent in January continuing to put pressure on buyers looking for property. In fact, with only 3,088 residential properties available for sale in January, that’s the lowest figure ever recorded for a single month since LBAR started tracking active data in 2006. The next closest month was in March 2018 when 3,240 homes were on the market.

The lack of inventory coupled with the increase in sales have cut into the months of inventory in the region. In January, the months of inventory dropped a staggering 27 percent, from 5.1 months last January to just 3.7 months in 2020. Homes priced in categories under $250,000 but more than $100,000 had less than 2.7 months of inventory with homes in the $120,000 to $140,000 range having only a 2 month supply available.

“It’s an interesting time for our region,” continued Buchanan. “People are staying in their homes for longer periods of time, likely due to the fact they are scared another property won’t match what they are looking for. This multiplies the lack of housing supply because homes don’t come on the market and the next buyer in line can’t move up either. It stalemates a large part of the cycle.”

But what homes do become available sell fast. Days on market in January fell 3 percent, with homes selling in an average of 59 days in 2020 versus 61 days last year. Almost half of all home sales occurred in less than a month with only 15 percent taking longer than 120 days.

With the demand still at such a high level, Central Kentucky housing prices have continued to climb with the median home price in January jumping 5 percent compared to 2019. This matches the increase from December 2019 and the total increase realized for the entire year in 2019. The overall median price hit $173,500 in January, compared to $165,000 in January 2019. Single-family homes increased 5 percent to $175,000 while townhouse/condo prices dipped 10 percent to $133,000.

The total dollar volume of home transactions jumped 25 percent in January to almost $171 million for the month, compared to just under $137 million last year.

Buchanan added, “As long as interest rates stay low, which is predicted by many, prices will continue to appreciate and home sales will continue to flourish. The only thing that seems to be holding back the market is the lack of inventory it seems everyone has talked about now for several years.”

The U.S. Census Bureau has reported that the homeownership rate in the country climbed to a 6-year high, increasing to over 65 percent in the fourth quarter of 2019. This comes as no surprise with a record number of sales reached in 2019 for all of LBAR and a gradual increase annually for the greater part of the past decade. In fact, the largest generational segment of homebuyers – the millennials – not only make up 48 of all home purchase mortgages, but they are also actively saving to buy a home. And the generation after them – Generation Z – according to Freddie Mac, shows that 80 percent prefer buying over renting because owning provides stability and financial security.

“Market conditions are favorable to a strong housing market,” said Buchanan. “The economy is moving, interest rates are low and demand in Central Kentucky has never been greater. People want to make this area home.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,500 REALTORS® located in 26 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Estill, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Lee, Madison, Menifee, Montgomery, Nicholas, Owsley, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 

Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in the Richmond Industrial Development Corporation. Over the past 16 years, LBAR has made available over $550,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 26-county primary service area as a way to fund programs that will promote and build the local economy.

“LBAR continues to partner with communities to provide resources, foster regional collaboration and facilitate positive economic results,” said LBAR President Greg Buchanan. “The support provided to these local organizations will help attract, develop and expand businesses, and ultimately create jobs. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,400 REALTORS® located in 26 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Estill, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Lee, Madison, Menifee, Montgomery, Nicholas, Owsley, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 


2020 LBAR officers and board of directors announced

Greg Buchanan was installed as the 2020 president of the Lexington-Bluegrass Association of REALTORS® (LBAR). He has served on the LBAR Board of Directors for four years previous and on numerous committees and task forces. In addition to his involvement at the local level, Buchanan is a member of the National Association of REALTORS® Strategic Thinking Advisory Committee and the Kentucky REALTORS® Government Affairs Committee.

Beyond his work for the association, Buchanan is the Broker/Owner of ERA Select Real Estate, where he leads his agents in helping current and future residents of the great state of Kentucky buy and sell property. He studied Economics at the University of Kentucky and was raised in Danville attending Boyle County High School. 

The remaining 2020 officers are president-elect Kristy Gooch, RE/MAX Elite Realty, and treasurer Rusty Underwood, Milestone Realty Consultants.

Other 2020 Board of Directors include: Sandy Allnutt, The Agency; Al Blevins, Caswell Prewitt Realty; Greg Back, The Brokerage; Tommy Black, RE/MAX on Main; Anne Hart Cornett, Milestone Realty Consultants; Barb Curtis, Coldwell Banker McMahan; Anthony de Movellan, Berkshire Hathaway de Movellan; Gary Denton, Rector-Hayden, REALTORS®; Sha Fister, Rector-Hayden, REALTORS®; Todd Hyatt, Lois Ann Disponett Real Estate; Ruby Mason, RE/MAX Elite Realty; Randy Newsome, United Real Estate; Kelley Nisbet, Coldwell Banker McMahan; Kae Schennberg, Schennberg Realty and Tom Thomas, Rector-Hayden, REALTORS®.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,400 REALTORS® located in 26 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Estill, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Lee, Madison, Menifee, Montgomery, Nicholas, Owsley, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources.


Click here to view a PDF of this release

Schennberg and Scolf recognized for their service to the industry

The Lexington-Bluegrass Association of REALTORS® (LBAR) presented its highest awards for 2019 at the recent Installation and Member Recognition Luncheon – REALTOR® of the Year, Good Neighbor and Distinguished Service – honoring outstanding REALTORS® within the Association.

Mike Inman was named LBAR’s REALTOR® of the Year for 2019. He is an agent with Coldwell Banker McMahan and member of LBAR for over 13 years. Inman specializes in residential properties and farms primarily in Mercer, Anderson, Boyle, Franklin, Jessamine and Woodford counties.  In addition to selling real estate, he has been very active at all levels of the Association and has held a number of leadership roles. He currently serves as a director for Kentucky REALTORS® and is a graduate of the LeadershipKYR program. Inman has been a REALTOR® Political Action Committee (RPAC) major investor for 8 years and was the 2017 and 2018 recipient of a Presidential Award at the state level. He has served on the RPAC Major Investor Council at the National Association of REALTORS® (NAR) and as an RPAC Trustee at the state level. In 2019, he became the first Platinum R investor in Kentucky and will be inducted into the NAR RPAC Hall of Fame in May. Mike is very active in his community, currently serving as vice chair for the Harrodsburg, Mercer County Tourism Commission, as a director for the Mercer County Chamber of Commerce and serves on the Pioneer Days Festival Committee. Inman is a deacon at Hopewell Baptist Church and is a 25-year veteran of the US Army, retiring as a Lieutenant Colonel.

The Good Neighbor Award was presented to Kate Imhoff, an agent with Rector Hayden, REALTORS® and member of LBAR since 2014. Over the past seven years, Imhoff has served as the volunteer coordinator for the Christ Community Cupboard. In her role, she has taken on many responsibilities to assist a wide range of low-income clients, including veterans, refugees, senior adults, single mothers and more. Some of her tasks include strategic planning, ordering and stocking supplies, fundraising and community outreach and recruiting and training more than 40 volunteers. Imhoff uses her strong ties with over 40 other community agencies like the local school system, rescue centers, community action council centers, the Salvation Army and the Nest to cover basic needs of those seeking help. Her outreach and solicitation of supplies from donors throughout the community is unparalleled as the Cupboard provides everything from clothes and shoes to household items, cleaning supplies, grooming products and toiletries. In 2019, it’s reported that Imhoff, through her volunteer role, helped provide assistance to more than 6,000 adults and children in the local community.

In addition, Kae Schennberg, broker/owner of Schennberg Realty, and Jason Scolf, an agent with Milestone Realty Consultants, took home Distinguish Service Awards, given on behalf of the LBAR president to recognize individuals who have gone above and beyond for the Association and industry. Schennberg was instrumental in facilitating the merger between the former Madison County Board of REALTORS® and LBAR, bringing valuable products and services to dozens of agents across four counties: Estill, Lee, Madison and Owsley. Scolf was, and continues to be, a driving force with the Young Professionals Network (YPN) at LBAR, taking the reins to create and volunteer at dozens of community events throughout the year while also taking on a primary role to establish a YPN group at the state level.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,400 REALTORS® located in 26 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Estill, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Lee, Madison, Menifee, Montgomery, Nicholas, Owsley, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources.


Click here to view a PDF of this release


Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in Scott County United. Over the past 16 years, LBAR has made available over $550,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 26-county primary service area as a way to fund programs that will promote and build the local economy.

“LBAR is partnering with communities to provide resources, foster regional collaboration and facilitate positive economic results,” said LBAR President Al Blevins. “The support provided to these local organizations will help attract, develop and expand businesses, and ultimately create jobs. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,400 REALTORS® located in 26 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Estill, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Lee, Madison, Menifee, Montgomery, Nicholas, Owsley, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 

Sales skyrocket to record levels, housing demand remains strong

Home sales surged in December, jumping 19 percent over 2018, to bring 2019 to a close as the highest year on record for real estate transactions. With 1,054 sales in the last month of the year, versus 887 in 2018, total sales for 2019 ended at 14,153, up 7 percent over the 13,278 sold last year.

Single-family home sales saw an increase in sales of over 19 percent for the month, with 994 total sales compared to 833 in December last year. Total single-family sales for the year increased 7 percent with 13,270 total properties sold.

Townhouses/condos saw an uptick of 11 percent in December, bringing monthly sales to 60 versus 54 in 2018. On the year, townhouse/condo sales, which comprised slightly over 6 percent of the total market, remained relatively flat, rising only 1 percent to 883, an increase of only 10 properties when compared to 2018.

New construction sales rose to the highest total of the year, reaching 123 in December compared to only 69 for the same month in 2018, a 78 percent jump. New construction sales started to pick up in the middle of the year and increased every month, year-over-year, since July.

Nationally, total home sales were up almost 11 percent in December from a year ago but remained flat for the year as a whole. 

The boost in sales at the end of the year has put added pressure on housing inventory. Homes for sale have continued to drop in the last half of the year and experienced a 12 percent decline in December, with 3,235 residential properties available in 2019 compared to 3,679 in 2018.

Months of inventory also dropped significantly in December, hitting 3.1 months, a 24 decrease from the 4.1 months experienced in 2018. Properties in what is typically considered the average price range of affordability, $200,000 and below, have around 2 months of inventory available, with homes priced between $160,000 and $180,000, Central Kentucky’s median price range, having a 1.8 month supply available.

“Demand for housing in the region is really strong and remained that way throughout 2019,” said Greg Buchanan, president of the Lexington-Bluegrass Association of REALTORS® (LBAR). “National real estate experts have predicted another solid year for housing and, locally, that is occurring already with pending sales going into the first of the year.”

Pending sales saw an increase in every month in 2019 and ended the year up 13 percent in December with 801 homes under contract in 2019 compared to 711 in December last year.

The increase in demand, coupled with the shortage of supply, has resulted in speedy transactions to finish out the year. Days on market in December fell 7 percent, with homes selling in an average of 52 days in 2019 versus 56 last year. Fifty-four percent of all transactions in December occurred in less than one month, 8 percent faster than December 2018 when 50 percent took less one month. Only 12 percent of homes took longer than 4 months to sell.

Housing prices have continued to follow the spike in demand with the median home price in December jumping 5 percent compared to 2018. The overall median price hit $178,000 in December 2019, compared to $169,900 in December 2018. Single-family homes increased 3 percent to $179,000 while townhouse/condo prices climbed 43 percent to $165,000.

For the year, median prices stand at $180,000 for single-family properties and $144,000 for townhouses/condos. The overall median home price for 2019 was $178,000, a 5 percent increase over 2018 when the median stood at $168,900.

The total dollar volume of home transactions jumped 26 percent in December to almost $219 million for the month, compared to just under $174 million last year. For the year, the total volume of real estate sales fell just shy of $3 billion for the region.

Nationally, median home prices topped out at $274,500 in December, up almost 8 percent from last year when it reached $254,700, and marking 95 straight months of year-over-year gains.

Buchanan added, “There has been, and will continue to be, upward pressure on real estate prices in the region as long as demand continues to be strong and supply is restrained. The good news is that, nationally, home building is making a recovery which should help alleviate some of the shortage issues. Our hope is new construction will ramp up even more in our region throughout 2020.”

Housing starts across the country surged to a 13-year high in December, jumping almost 17 percent since the previous month and more than 40 percent year-over-year. For all of 2019, homebuilding across the U.S. was up 3.2 percent compared to 2018.

Another positive for the housing market continue to be low mortgage rates. After the Federal Reserve cut rates three times in 2019, predictions are that rates could be cut an additional three times again in 2020, the first coming as early as March. Forecasts are expecting 30-year mortgage rates, the most common type of home financing, to average between 3.5 and 4 percent.

“Low mortgage rates make purchasing a home more affordable and can help make rising home prices a little more digestible,” said Buchanan. “The opportunity to take advantage of these rates should last throughout the year giving first-time and move up buyers some relief.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,400 REALTORS® located in 26 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Estill, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Lee, Madison, Menifee, Montgomery, Nicholas, Owsley, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 

Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in the Paris-Bourbon County Economic Development Authority. Over the past 16 years, LBAR has made available over $550,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 26-county primary service area as a way to fund programs that will promote and build the local economy.

“LBAR is partnering with communities to provide resources, foster regional collaboration and facilitate positive economic results,” said LBAR President Al Blevins. “The support provided to these local organizations will help attract, develop and expand businesses, and ultimately create jobs. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,400 REALTORS® located in 26 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Estill, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Lee, Madison, Menifee, Montgomery, Nicholas, Owsley, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 

Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in the Cynthiana-Harrison County Economic Development Authority. Over the past 16 years, LBAR has made available over $550,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 26-county primary service area as a way to fund programs that will promote and build the local economy.

“LBAR is partnering with communities to provide resources, foster regional collaboration and facilitate positive economic results,” said LBAR President Al Blevins. “The support provided to these local organizations will help attract, develop and expand businesses, and ultimately create jobs. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,400 REALTORS® located in 26 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Estill, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Lee, Madison, Menifee, Montgomery, Nicholas, Owsley, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 


Click here to view a PDF of this release

Housing demand continues to fuel inventory issues

The increase in demand for homes in Central Kentucky has largely contributed to the lack of housing inventory that has plagued the local market for many months. New listings were down in November by 2 percent compared to last year, however, year-to-date the number of new listings is up 5 percent. The inventory issues are caused with the increase in sales throughout the year and the number of homes available on the market not being sufficient to replace those being sold.

However, because of the overall demand for housing in the region and sales reflecting that demand, total housing inventory has continued to drop every month since June. In November, inventory levels were down 10 percent, with 3,571 residential properties available, compared to 2018 when 3,961 properties were available.

Showing the strength in demand, sales in November surpassed the 1,000 threshold for only the second time in LBAR history, reaching 1,002 homes sold, up 5 percent compared to 953 in 2018. Single-family homes also saw a 5 percent increase for the month, jumping from 910 sales last year compared to 952 sales in 2019. Townhouses/condos spiked 16 percent in November, with 50 sales in November compared to 43 last year.

Total sales for the year have seen increases every month except June. For the 11 months in 2019, sales have jumped 6 percent versus the same period last year, with over 13,000 homes sold to date. Single-family home sales have contributed to the entire increase for the year as townhouse/condo sales remain flat for the year. Nationally, sales were up over 2 percent from a year ago.  

New construction sales reported were up 15 percent year over year with increases being shown in the previous 5 months. Good news that builders seem to be ramping up construction, even if only slightly, across the region. In fact, the National Association of Home Builders reported that homebuilder confidence increased this month to the highest reading since June of 1999 spurred on by a 12.5 year high for home construction permits.

“The market continues to be rock solid going into the last month of the year,” said Al Blevins, president of the Lexington-Bluegrass Association of REALTORS® (LBAR). “Buyers are selecting and closing on homes quickly and the colder weather doesn’t seem to be having any effect on showings, as data for November indicates foot traffic was up 3 percent for the month.”

Pending sales saw a rise in November of 6 percent, with 981 homes pending compared to 929 in 2018. Pending sales have risen every month, year-over-year, in 2019 and the expectation is that will also be the case to finish out the year.

With total sales surging and new listings on the decline, the months of inventory saw a drop for the month. In November, the supply of homes decreased 14 percent, from 4.2 months of inventory in 2018 to 3.6 months this year. Properties in the price categories between $100,000 and $200,000 all have less than 2.5 months of inventory available, with homes priced between $180,000 and $200,000 only having a 2 month supply available.

A lack of inventory also led to homes in Central Kentucky selling quicker this year than in 2018. Days on market in November fell 6 percent, with homes selling in an average of 48 days in 2019 versus 51 last year. Over 58 percent of all transactions occurred in less than one month, a full 2 percentage points more in 2019 than last year. Only 10 percent of homes took longer than 4 months to sell.

Home prices in November seemed to have moderated slightly as the median price in Central Kentucky rose only 4 percent year-over-year, reaching $176,750, up from $170,000 last year. Single-family homes increased 5 percent to $179,350 while condos/townhome prices dropped 5 percent to $135,000. For the year, median prices stand at $180,000 for single-family properties and $143,250 for condos/townhomes. With increases in both the number of homes sold and median price, the total dollar volume of home transactions jumped to just under $210 million for the month, a 5 percent increase over November last year and over 10 percent year to date.

Nationally, median home prices topped out at $271,300 in November, up more than 5 percent from last year and marking 94 straight months of year-over-year gains.

Blevins added, “We have seen a robust real estate market for an extended period of time in our region. Despite the inventory concerns seen nationwide, locally it doesn’t seem to be impacting buyers, however, having a more plentiful supply of homes available certainly would help, especially in the moderate price ranges. The economy is still ramped up so I don’t expect any major changes for housing moving into 2020.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,400 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 


Click here to view a PDF of this release

Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in the Kentucky Capital Development Corporation. Over the past 16 years, LBAR has made available over $550,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 22-county primary service area as a way to fund programs that will promote and build the local economy.

“LBAR is partnering with communities to provide resources, foster regional collaboration and facilitate positive economic results,” said LBAR President Al Blevins. “The support provided to these local organizations will help attract, develop and expand businesses, and ultimately create jobs. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,400 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 

Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in the Morehead-Rowan County Economic Development Authority. Over the past 16 years, LBAR has made available over $550,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 22-county primary service area as a way to fund programs that will promote and build the local economy.

“LBAR is partnering with communities to provide resources, foster regional collaboration and facilitate positive economic results,” said LBAR President Al Blevins. “The support provided to these local organizations will help attract, develop and expand businesses, and ultimately create jobs. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,400 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 

Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in the Lawrenceburg-Anderson County Economic Development Authority. Over the past 16 years, LBAR has made available over $550,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 22-county primary service area as a way to fund programs that will promote and build the local economy.

“LBAR is partnering with communities to provide resources, foster regional collaboration and facilitate positive economic results,” said LBAR President Al Blevins. “The support provided to these local organizations will help attract, develop and expand businesses, and ultimately create jobs. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,400 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 

Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in the Corbin Economic Development Agency. Over the past 16 years, LBAR has made available over $550,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 22-county primary service area as a way to fund programs that will promote and build the local economy.

“LBAR is partnering with communities to provide resources, foster regional collaboration and facilitate positive economic results,” said LBAR President Al Blevins. “The support provided to these local organizations will help attract, develop and expand businesses, and ultimately create jobs. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,400 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources.

 

Click here to view a PDF of this release

Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in Mt. Sterling-Montgomery County Industrial Authority. Over the past 16 years, LBAR has made available over $550,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 22-county primary service area as a way to fund programs that will promote and build the local economy.

“LBAR is partnering with communities to provide resources, foster regional collaboration and facilitate positive economic results,” said LBAR President Al Blevins. “The support provided to these local organizations will help attract, develop and expand businesses, and ultimately create jobs. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,400 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 

Click here to view a PDF of this release

Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in the Woodford County Economic Development Authority. Over the past 16 years, LBAR has made available over $550,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 22-county primary service area as a way to fund programs that will promote and build the local economy.

“LBAR is partnering with communities to provide resources, foster regional collaboration and facilitate positive economic results. The support provided to these local organizations will help attract, develop and expand businesses, and ultimately create jobs,” said LBAR President Al Blevins. “Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, the Lexington-Bluegrass Association of REALTORS® understands the value and joy of owning a home. LBAR represents more than 3,400 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources.


Click here to view a PDF of this release

The check was presented at a recent Kentucky Capital Development Corporation meeting. In attendance for the check presentation were (l to r): Huston Wells, Franklin County Judge Executive; Terri Bradshaw, KCDC President/CEO; Danny Willis, KCDC Board Chairman; and Al Blevins, LBAR President.Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in the Kentucky Capital Development Corporation. Over the past 15 years, LBAR has made available over $500,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 22-county primary service area as a way to fund programs that will promote and build the local economy.

LBAR President Al Blevins said, “By providing support to the organizations that help attract, develop and expand businesses, and ultimately create jobs, LBAR is partnering with these communities to provide resources, foster regional collaboration and facilitate positive economic results. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,300 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 

Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $25,000 investment in Commerce Lexington Economic Development. Over the past 15 years, LBAR has made available over $500,000 to promote economic development across central Kentucky, and over $300,000 in Fayette County alone.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 22-county primary service area as a way to fund programs that will promote and build the local economy.

LBAR President Al Blevins said, “By providing support to the organizations that help attract, develop and expand businesses, and ultimately create jobs, LBAR is partnering with these communities to provide resources, foster regional collaboration and facilitate positive economic results. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,300 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 

Rising inventory helps buyers with more selection

Housing sales in the Bluegrass region picked up in February, jumping 15 percent over the same month in 2018. The 805 sales recorded by the Lexington-Bluegrass Association of REALTORS® (LBAR) in February marked the highest number ever for the month, beating last year’s home sales of 700. Townhouse/condo sales dropped 19 percent year-over-year, from 59 to 48 units sold, however, single family home sales rose from 641 to 757, an increase of 18 percent for the month. February sales increased over 16 percent from the previous month. Year to date, home sales are up 5 percent over 2018, increasing by 68 transactions to hit 1,515 total sold.

“The market is hot going into the spring, which most in the industry predicted,” said Al Blevins, 2019 president of LBAR. “The government shutdown and the months of cold, wet weather certainly pushed more closings into February, however, it turned out to be a record-breaking month for the Association. The data we see for the upcoming months also looks positive as pending sales are showing an increase as well.”

Pending sales in February were up 2 percent, following a January increase of 5 percent. Total pending sales ended February at 1,075, up from 1,050 in 2018.

The boost in home sales pushed the months of inventory lower in February to 4.2 months, a decline of 11 percent over 2018 when it was 4.7 months. This is also a 17 percent decline from January.

However, the overall housing inventory available has increased for six consecutive months and jumped again in February by 4 percent, to a total of 3,418 homes available on the market, an increase from 3,294 in February 2018. New listings on the market also increased in February, jumping 4 percent year-over-year and follows a 9 percent increase that was recorded in January.

“Continued inventory increases coupled with a bump in new listings is a good sign for real estate in the Bluegrass region,” explained Blevins. “Buyers have been limited in selection for some time now and this new trend opens up choices for those looking to purchase as well as bringing discouraged buyers back into the market.”

 Another positive result of the housing stock increase is that price increases have slowed, at least for now. February saw a 2 percent drop in the median price, from $168,000 in 2018 to $165,000 this year. Single family homes remained relatively steady, however, the townhouse/condo median price fell 6 percent, from $160,000 to $150,000 year-over-year. Nationally, the median home price continued to rise for the 83th straight month, ending just north of $247,000 in January. The central Kentucky region continues to be much more affordable than what is seen in many parts of the country.

Days on market also reversed course in February, rising 1 percent to 64 days, up from 63 days a year ago and an increase from 61 days in January. Several factors may have contributed to the increase including delayed closings as well as buyers taking more time to choose a home since inventory levels have been steadily rising.

“Buyers will enjoy a more favorable market for the next several months as more and more listings should become available,” Blevins said. “The spring months, typically the second quarter, which starts in April, is when most people list their homes for sale. With interest rates still at historically low levels, the real estate market will continue to be extremely strong throughout the central Kentucky area.”

LBAR data shows consumers are in the market and looking to buy as property showings were up almost 8 percent in February and scheduled appointments for viewing properties saw a 7 percent increase for the month, marking 13 consecutive months of increases.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,300 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 

Click here to view a PDF of this release

Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in the Cynthiana/Harrison County Economic Development Authority. Over the past 15 years, LBAR has made available over $500,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 22-county primary service area as a way to fund programs that will promote and build the local economy.

LBAR President Al Blevins said, “By providing support to the organizations that help attract, develop and expand businesses, and ultimately create jobs, LBAR is partnering with these communities to provide resources, foster regional collaboration and facilitate positive economic results. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,300 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 


Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in the Morehead-Rowan County Economic Development Authority. Over the past 15 years, LBAR has made available over $500,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 22-county primary service area as a way to fund programs that will promote and build the local economy.

LBAR President Al Blevins said, “By providing support to the organizations that help attract, develop and expand businesses, and ultimately create jobs, LBAR is partnering with these communities to provide resources, foster regional collaboration and facilitate positive economic results. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,300 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 


Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in the Lawrenceburg-Anderson County Economic Development Authority. Over the past 15 years, LBAR has made available over $500,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 22-county primary service area as a way to fund programs that will promote and build the local economy.

LBAR President Al Blevins said, “By providing support to the organizations that help attract, develop and expand businesses, and ultimately create jobs, LBAR is partnering with these communities to provide resources, foster regional collaboration and facilitate positive economic results. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,300 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 


Click here to view a PDF of this release

Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in the Woodford County Economic Development Authority. Over the past 15 years, LBAR has made available over $500,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 22-county primary service area as a way to fund programs that will promote and build the local economy.

LBAR President Al Blevins said, “By providing support to the organizations that help attract, develop and expand businesses, and ultimately create jobs, LBAR is partnering with these communities to provide resources, foster regional collaboration and facilitate positive economic results. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,300 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 

Click here to view a PDF of this release

Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in the Jessamine County Joint Economic Development Authority. Over the past 15 years, LBAR has made available over $500,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 22-county primary service area as a way to fund programs that will promote and build the local economy.

LBAR President Al Blevins said, “By providing support to the organizations that help attract, develop and expand businesses, and ultimately create jobs, LBAR is partnering with these communities to provide resources, foster regional collaboration and facilitate positive economic results. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,300 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 

Click here to view a PDF of this release

Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in the Carlisle-Nicholas County Economic Development Authority. Over the past 15 years, LBAR has made available over $500,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 22-county primary service area as a way to fund programs that will promote and build the local economy.

LBAR President Al Blevins said, “By providing support to the organizations that help attract, develop and expand businesses, and ultimately create jobs, LBAR is partnering with these communities to provide resources, foster regional collaboration and facilitate positive economic results. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,300 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources.


Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in Mt. Sterling-Montgomery County Industrial Authority. Over the past 15 years, LBAR has made available over $500,000 to promote economic development across central Kentucky.


This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 22-county primary service area as a way to fund programs that will promote and build the local economy.


LBAR President Al Blevins said, “By providing support to the organizations that help attract, develop and expand businesses, and ultimately create jobs, LBAR is partnering with these communities to provide resources, foster regional collaboration and facilitate positive economic results. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”


As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,300 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources. 


Click here to view a PDF of this release

For months now Supra has been preparing to release the most recent updates to your Supra eKEY®. Making it faster, more efficient, and offering an all new interface to boot, we hope you’ll love these updates as much as we do!


What you need to know

To start, please note that the latest updates to the eKEY® will only be compatible for devices with the following operating systems:

  • Android iOS 5 or greater
  • Apple iOS 10 or greater

If you're using an older smartphone/OS, don't worry! All other operating systems will continue having access to the eKEY® app we all know and love, although, they will not be able to utilize the most recent updates without a device upgrade.



How and when will updates be delivered?

If your operating system is compatible with the latest updates, Supra will notify you that a new version of the app is available. Your eKEY® will update on its own if you have opted into automatic updates through the app settings, otherwise you can go to the app store on your device and manually download the new app.



Take a look!

Here's what the new app should look like when you're logging onto the new app for the first time:




New features

Although some enhanced features will not roll out immediately, eligible users will now have access to the following eKEY® updates:

  • New interface designed to accommodate both left-handed and right-handed individuals
  • Ability to access lockboxes using system biometrics
  • Apple watch access when connected to an eKEY® enabled device
  • Once a day PIN code entry, depending on password/security activation
  • Data at the door, including listing photo and current property notes
  • In-app showing details, including showing duration
  • Ability to send real-time alerts at the touch of a button

For more information on the new eKEY® app, please go to www.supraekey.com and select Customer Support > eKEY Resources or visit this page: http://www.supraekey.com/CustomerSupport/Pages/eKEY-Resources.aspx.


If you have any questions, please contact our agent support team at 1-877-699-6787.

Continuing a long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced its $2,000 investment in Scott County United. Over the past seven years, LBAR has provided over $200,000 to promote economic development across central Kentucky.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's 22-county primary service area as a way to fund programs that will promote and build the local economy.

LBAR President Al Blevins said, “By providing support to the organizations that help attract, develop and expand businesses, and ultimately create jobs, LBAR is partnering with these communities to provide resources, foster regional collaboration and facilitate positive economic results. Studies show that a strong real estate market is the foundation to a healthy community and this investment is the Association’s dedication to achieving that goal.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,300 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources.

Click here to view a PDF of this release

            






Consumers in the Bluegrass region entered 2019 with more homes on the market, according to the Lexington-Bluegrass Association of REALTORS® (LBAR). December numbers showed that total housing inventory was up 7 percent versus the same month the prior year, jumping from 3,440 to 3,679 active properties, marking the fourth consecutive month of year-over-year increases. This, coupled with slower sales for the month, led to the months of inventory to spike 21 percent over last December, ending 2018 at 4.1 months of available properties compared to 3.4 months in 2017.

“The weather certainly played a large role in the housing market at the end of year,” said Al Blevins, 2019 president of LBAR. “Weather reports indicate that 2018 was the wettest year on record for Lexington and December was certainly one for the books as well.”

Home sales for the month of December declined, falling 11 percent from the same period the prior year, with total sales reaching 887 in 2018 versus 1,000 in 2017. Both single family and townhouse/condo sales dropped the same 11 percent for the month. Single family home sales decreased from 939 to 833 while townhouse/condo sales fell from 61 to 54. For the year, home sales slowed 5 percent over 2017, reaching a total of 13,278 for 2018 compared to 13,929 in 2017.

Prices, though, were a different story as the median home sold for $169,900 in December, versus $161,500 in December 2017, an increase of 5 percent. For the month, singly family homes hit a median of $173,000, compared to $162,500 last year, a 6 percent increase, while townhouses/condos sold for $115,000 in December, down 15 percent compared to last year’s median of $135,625. For the year, median prices jumped from $160,000 in 2017 to $168,900 for all of 2018, an increase of 6 percent.

Total sales volume for the month saw a drop of 12 percent year-over-year, while the annual sales volume dropped 1 percent, ending at $2.67 billion versus $2.69 billion in 2017. The annual sales volume decline was considerably smaller due to the increase in home prices even though total sales were lower for the year.

“2018 turned out to be a solid year for real estate overall. The trend seems to be fewer homes selling in Fayette County, which represents just over a third of all home sales in LBAR’s market area,” said Blevins. “Counties adjacent to Fayette are representing a larger percentage of real estate transactions as people are moving into these areas due to growth and development opportunities. Some of the counties to the east and south of Fayette are also seeing an uptick in sales.”   

Even with slower sales, the time a home took to sell continued to slip as it hit 56 days in December, a 3 percent decline versus the same time last year. For the year, days on market (DOM) dropped 4 percent to end 2018 at 52 days. Data also showed the number of homes that stayed on the market under a month dropped to 50 percent, the lowest it’s been since January 2018 when that number was 46 percent. It jumped to a high of 69 percent in both June and July.

On the national level, December saw home sales drop just over 10 percent year-over-year with median prices increasing almost 3 percent for the same time period. December’s increase marked the 82nd straight month of year-over year gains. Inventory levels nationally jumped 6 percent in December versus 2017 while the months of inventory rose from 3.2 months last December to 3.7 months this year, a 16 percent increase.

“This year, home price increases should slow a bit and if inventory levels continue to increase, even slightly, consumers should have an easier time entering the market and finding what they are looking for,” according to Blevins. “The Fed has indicated less rate hikes for 2019 and we entered the new year with lower mortgage rates than expected so that should benefit consumers now and well into the spring buying season if they stay at current levels.”

Search for a home today!


            As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,300 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources.

 

Click here to view a PDF of this release

The Lexington-Bluegrass Association of REALTORS® (LBAR) presented its two highest awards – REALTOR® of the Year and Good Neighbor – honoring outstanding REALTORS® within the Association.

Mike Gooch, who passed away on August 27, 2018, was named LBAR’s REALTOR® of the Year for 2018. He was the broker/owner of Gooch Auction Group, an accomplished auctioneer and member of LBAR for over 25 years. Gooch was an instructor for the Kentucky Real Estate Commission and taught many courses for LBAR, Kentucky REALTORS® and other organizations throughout his career. He was a motivational speaker and was a certified John Maxwell trainer and coach. With LBAR, he served on many committees including professional standards, education, public relations and was a member of the board of directors. Gooch was a member of AARE (Accredited Auctioneer of Real Estate), one of only 275 in the entire country, and a candidate for the Certified Auctioneers Institute (CAI).

The Good Neighbor Award was presented to Jennifer Sisson, an agent with Milestone Realty Consultants and member of LBAR since 2012. She puts in countless hours of volunteer time with several charities in the community, however, her focus has been with the Salvation Army. With the organization, Sisson contributes by shopping for kids during back to school time, evaluating families for the Angel Tree program while also collecting toys, clothes and other gifts for children and staffing locations for the Red Kettle ring days. Also, during the holidays, Sisson, along with her family, give their time at the Salvation Army distribution center to make sure all the donations are bagged, wrapped and ready for delivery. Because of her dedication, the organization was able to serve 3,800 central Kentucky children with gifts during the holidays. In addition, Sisson was also named as one of the newest members to the Salvation Army advisory board.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,300 REALTORS® located in 22 counties: Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley and Woodford Counties. Visit www.lbar.com for up to the minute real estate listings and buying and selling resources.

Click here to view a PDF of this release

            The Lexington-Bluegrass Association of REALTORS® (LBAR) and the Madison County Board of REALTORS® (MCBR) have executed a mutual agreement to consolidate their Realtor memberships. Seventy (70) Realtors from Madison County will be joining LBAR immediately paving the way to include four new counties, Estill, Lee, Madison, and Owsley among the 22 counties already in LBAR’s jurisdiction, pending approval by the National Association of REALTORS®.

John Groft, president of the Lexington-Bluegrass Association of Realtors® said, “This new membership consolidation will allow LBAR to create maximum value for our Realtor members bringing additional data into the Multiple Listing Services which will allow the region’s Realtors® to work even better together and to become more productive.”

            According to information provided by LBAR’s Multiple Listing Service (MLS), the Madison County year to date January 2018 to May 2018 sales have increased 16 percent with 510 sales in 2018. Median sales price has increased 6 percent to $167,250; days on market has increased 5 percent to 60 days. Ten percent of the total transactions in the MLS year-to-date are in Madison County.

Adding to the wide variety of expertise, qualifications and skills currently exemplified by the governing body of LBAR, Kae Schennberg, president of the Madison County Board of Realtors®, will join the LBAR board of directors. Schennberg added, “We are excited to join the LBAR Realtor family.  LBAR has a rich history in the community, capable of supporting the Realtor Code of Ethics, playing a political advocacy role, conducting outreach to consumers, maintaining fiscal responsibility, operating a successful consumer website, and providing an outstanding support and training staff for our local area Realtors.  Although our Madison County Board of Realtors® office will close at the end of August, our local Realtors will continue to serve Madison, Estill, Lee, and Owsley counties through our new MLS, LBAR.  We promise to continue serving all of our local real estate customers with the same dedication to real estate service in partnership with LBAR.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of Realtors® (LBAR) understands the value and joy of owning a home. At the present time, LBAR currently represents more than 3,200 Realtors® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties.

Click here for a PDF of this release.

Real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bluegrass economy with 1,281 reported sales totaling $259,263,788 during the month of May.

According to 2018 LBAR President John Groft, Inventory and days on market both continue to skim along at historic lows, while buyer demand is creating competitive purchase offer situations that are increasing the number of homes sold for more than the asking price. This practice is nothing new in more popular areas. Sellers are receiving 97.7 % of the list price.  Now more than ever it is imperative to work with a Realtor® to assist you with your home buying needs.  Both buyers and sellers benefit from the experience and guidance a Realtors® brings to the table.

May sales activity decreased nine percent with 1,411 sales reported closed in May 2017 compared to 1,281 sales reported closed in May 2018.  Of the 1,281 sales, 322 sales were to first time homebuyers and 168 sales were to out of state buyers. Residential sales decreased 10 percent from 1,314 sales closed in May 2017 compared to 1,181 sales closed in May 2018. The residential median sales price increased six percent from $165,175 in May 2017 to $174,900 in May 2018. The residential average days on market increased two percent with 49 days in May 2017 to 50 days in May 2018. Months of inventory increased four percent to 2.9 months in May 2018. 

Townhouses/condos sales increased three percent from 97 sales reported closed in May 2017 to 100 sales reported closed in May 2018. The townhouses/condos median sales price decreased 17 percent from $172,000 in May 2017 to $142,500 in May 2018.  The average days on market decreased 15 percent from 73 in May 2017 to 62 days in May 2018.

“A cause of the decreased sales activity in much of the area continues to be the utter lack of available listings in the market to meet the strong demand for buying a home,” Groft continues. “Realtors® say the healthy economy and job market are keeping buyers in the market. However, inventory shortages are even worse than in recent years, and home prices keep climbing.”

The year-to-date 2018 residential single family sales decreased five percent from 4,860 sales to date in 2017 to 4,607 sales to date in 2018. The year-to-date 2018 townhouses/condos sales decreased one percent from 372 sales to date in 2017 to 368 sales to date in 2018. The residential median sales price increased six percent from $158,000 to date in 2017 to $168,000 to date in 2018. The residential average days on market decreased five percent from 61 days to date in 2017 to 58 days to date in 2018.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,200 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings.


Click here for a PDF of this release.


The Lexington-Bluegrass Association of REALTORS® (LBAR) announces Ruby Mason as the 2017 Good Neighbor award recipient. 

The Good Neighbor Award program recognizes Realtors who are improving the lives of others through their volunteer work. 

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. 

Click here for a PDF of this release.

The Lexington-Bluegrass Association of REALTORS® (LBAR) announces Al Blevins as the 2017 Realtor of the Year.

The Realtor of the Year award is designed to give recognition to Realtors who have served not only their profession, but also their communities.  Mr. Blevins exhibits high principles of integrity, adherence to the Realtor Code of Ethics and furthered the principles of good real estate practice among brokers, agents, and the general public.


As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings.

Click here for a PDF of this announcement.

This school year Realtors representing the Lexington-Bluegrass Association of REALTORS® (LBAR) visited the public elementary schools in Harrison County including Eastside Elementary, Northside Elementary, Southside Elementary, and Westside Elementary and presented a book.  Each school received Spaghetti in a Hot Dog Bun by esteemed author Maria Dismondy.  This charming story empowers children to always do the right thing and be proud of themselves, even when they are faced with a challenging person.

In its tenth year, Melissa Poynter, the chair of the LBAR community education task force, has continued to lead this project. Realtors Nancy Allison, Shannon Allison, Aimee Davis, and Linda Lewis delivered the book and read to a group of students during library class.  This contribution to Harrison County is part of a larger donation to the public elementary schools in the Bluegrass region —LBAR will be presenting the book to over 140 elementary schools in 22 counties. The project is part of LBAR’s goal to become involved with the area’s school systems in innovative ways that will positively shape the future of our community’s children.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings.

Click here for a PDF of this release.

This school year Realtors representing the Lexington-Bluegrass Association of REALTORS® (LBAR) visited the public elementary schools in Montgomery County including Camargo Elementary, Mapleton Elementary, and Mt. Sterling Elementary and presented a book.  Each school received Spaghetti in a Hot Dog Bun by esteemed author Maria Dismondy.  This charming story empowers children to always do the right thing and be proud of themselves, even when they are faced with a challenging person.

In its tenth year, Melissa Poynter, the chair of the LBAR community education task force, has continued to lead this project. Realtors Dwight Akers, Sue Fugate, Lucile Hardin, Joan Henderson, Brenda Murphy, Sherry Stephens, and Liz Torchia delivered the book and read to a group of students during library class.  This contribution to Montgomery County is part of a larger donation to the public elementary schools in the Bluegrass region —LBAR will be presenting the book to over 140 elementary schools in 22 counties. The project is part of LBAR’s goal to become involved with the area’s school systems in innovative ways that will positively shape the future of our community’s children.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. Click here for a PDF of this release.

The Realtor-Community Housing Foundation (RCHF) donates $46,800 to Lexington Habitat for Humanity.  The funds are to be used for Habitat’s Home Repair Program for projects that are currently not under contract due to no funds. Habitat for Humanity aligns with the Realtor-Community Housing Foundation’s goal to empower families and strengthen neighborhoods by assisting homeowners in need to be able to stay in their homes.  Already in 2017 RCHF donated $50,000 to Habitat for Humanity and REACH.  In 2016, RCHF donated a total of $100,000 to Habitat for Humanity and REACH.

RCHF is a 501(c) (3) tax-exempt nonprofit organization incorporated in 1992 established by the Lexington-Bluegrass Association of Realtors® (LBAR). RCHF's goal is to empower families and strengthen neighborhoods by assisting homeowners in need to be able to stay in their homes.

Click here for a PDF of this release.

Click here for a list of the projects.

This school year Realtors representing the Lexington-Bluegrass Association of REALTORS® (LBAR) visited the public elementary schools in Menifee County including Menifee County Elementary and Botts Elementary and presented a book.  Each school received Spaghetti in a Hot Dog Bun by esteemed author Maria Dismondy.  This charming story empowers children to always do the right thing and be proud of themselves, even when they are faced with a challenging person.

In its tenth year, Melissa Poynter, the chair of the LBAR community education task force, has continued to lead this project. Realtors Kamilia Lawson and Kate McMillan delivered the book and read to a group of students during library class.  This contribution to Menifee County is part of a larger donation to the public elementary schools in the Bluegrass region —LBAR will be presenting the book to over 140 elementary schools in 22 counties. The project is part of LBAR’s goal to become involved with the area’s school systems in innovative ways that will positively shape the future of our community’s children.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings.

Click here to view a PDF of this release.

The Lexington-Bluegrass Association of REALTORS® (LBAR) is awarded a $15,000 grant from the National Association of Realtors®’ Housing Opportunity Program to support activities that create and expand affordable housing opportunities. The Lexington-Bluegrass Association of Realtors donates $1,500 to the project. With the Rent & Deposit Assistant (RDA) Project, the grant will be used to pay deposit and first month’s rent for households experiencing homelessness who have documented income to pay ongoing rent.  

“Realtors® build communities and work hard to make housing affordable to all who are willing and able to become homeowners,” said LBAR 2017 President Ty Brown. “This grant will help raise awareness about the need for more housing opportunities in our community, as well as identify and promote solutions that address affordability. Through the Housing Opportunity Grants homeownership can become an attainable dream for many hard working American families across the country.”

NAR’s Housing Opportunity Grants were established in 2006. Individual grants are awarded ten times per year. Since the program’s inception, over 400 grants totaling more than $1.5 million have been awarded

The grants support a wide range of housing opportunity activities, including housing symposia; home buyer education or housing fairs; counseling and financial literacy efforts; down payment or closing cost financial assistance programs; housing needs studies; and Realtor® affordability housing education.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings.


Click here for a PDF of this release.


Real estate sales by members of the Lexington-Bluegrass Association of REALTORS® (LBAR) positively impacted the Bluegrass economy as of September 30, 2017 with 10,659 reported sales totaling $2,066,039,245.

According to 2017 LBAR President Ty Brown, With all the hype about low inventory and pleas for sellers to come on the market, the quantity of homes available remains low with little variation except for the seasonal occurrences. There will be an expected seasonal decline in new listings in coming months.  For September, new listings decreased seven percent compared to September 2016 with 1,416 new listings in September 2017.  The months of inventory had no change from September 2016 to September 2017 with 3.9 months of inventory.

The year-to-date 2017 total sales increased four percent from 10,270 sales to date in 2016 to 10,659 sales to date in 2017.  The year-to-date 2017 residential single family sales increased three percent from 9,616 sales to date in 2016 to 9,946 sales to date in 2017.  The residential median sales price increased five percent from $155,000 to date in 2016 to $162,900 to date in 2017. The residential average days on market decreased 17 percent from 64 days to date in 2016 to 53 days to date in 2017.  The year-to-date 2017 townhouses/condos sales increased nine percent from 654 sales to date in 2016 to 713 sales to date in 2017.

President Brown continues, “As temperatures start to cool throughout the country, the total number of home sales will cool as well, as is the seasonal nature of the housing market.”

September sales activity decreased six percent with 1,156 sales reported closed in September 2016 compared to 1,084 sales reported closed in September 2017.  Of the 1,084 sales 236 sales were to first time homebuyers and 127 sales were to out of state buyers. Residential sales decreased seven percent from 1,092 sales closed in September 2016 compared to 1,019 sales closed in September 2017. The residential average days on market decreased 12 percent from 51 in September 2016 to 45 days in September 2017. The residential median sales price increased eight percent from $153,875 in September 2016 to $166,700 in September 2017. 

Townhouses/condos sales increased two percent from 64 sales reported closed in September 2016 to 65 sales reported closed in September 2017. The townhouses/condos median sales price increased one percent from $112,750 in September 2016 to $113,900 in September 2017.  The average days on market decreased 10 percent from 62 in September 2016 to 56 days in September 2017.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


Click here for a PDF of this release.

Click here for supporting documents.

Click here for the infographic.

           Continuing their long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced today its $2,000 investment in the Woodford Economic Development Authority. This is part of a $165,000 contribution the association has pledged over the next five years to promote economic development.

            This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization witin LBAR's primary service area.

LBAR President Ty Brown said, “This investment is a means of achieving a healthy real estate market in central Kentucky. The association works hard to be considered a true partner in regional issues and facilitator of collaboration. We can be trusted as an impartial investor when it comes to county by county issues because of our regional organizational nature.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


Click here for a PDF of this release.

            Continuing their long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced today its $2,000 investment in the Kentucky Capital Development Corporation. This is part of a $165,000 contribution the association has pledged over the next five years to promote economic development.

            This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's primary service area.

LBAR President Ty Brown said, “This investment is a means of achieving a healthy real estate market in central Kentucky. The association works hard to be considered a true partner in regional issues and facilitator of collaboration. We can be trusted as an impartial investor when it comes to county by county issues because of our regional organizational nature.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


Click here to view a PDF of release.

            Continuing their long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced today its $2,000 investment in the Scott United. This is part of a $165,000 contribution the association has pledged over the next five years to promote economic development.

            This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's primary service area.

LBAR President Ty Brown said, “This investment is a means of achieving a healthy real estate market in central Kentucky. The association works hard to be considered a true partner in regional issues and facilitator of collaboration. We can be trusted as an impartial investor when it comes to county by county issues because of our regional organizational nature.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,100 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


            Continuing their long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced today its $2,000 investment in the Morehead Rowan County Economic Development. This is part of a $165,000 contribution the association has pledged over the next five years to promote economic development.

            This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's primary service area.

LBAR President Ty Brown said, “This investment is a means of achieving a healthy real estate market in central Kentucky. The association works hard to be considered a true partner in regional issues and facilitator of collaboration. We can be trusted as an impartial investor when it comes to county by county issues because of our regional organizational nature.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


Click here for a PDF of this release.

            Continuing their long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced today its $2,000 investment in the Lawrenceburg-Anderson County Economic Development Authority. This is part of a $165,000 contribution the association has pledged over the next five years to promote economic development.

            This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's primary service area.

LBAR President Ty Brown said, “This investment is a means of achieving a healthy real estate market in central Kentucky. The association works hard to be considered a true partner in regional issues and facilitator of collaboration. We can be trusted as an impartial investor when it comes to county by county issues because of our regional organizational nature.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here for a PDF of this release.

            Continuing their long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced today its $2,000 investment in the Mt. Sterling-Montgomery County Industrial Authority. This is part of a $165,000 contribution the association has pledged over the next five years to promote economic development.

            This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's primary service area.

LBAR President Ty Brown said, “This investment is a means of achieving a healthy real estate market in central Kentucky. The association works hard to be considered a true partner in regional issues and facilitator of collaboration. We can be trusted as an impartial investor when it comes to county by county issues because of our regional organizational nature.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


Click here for a PDF of this release.

            Continuing their long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced today its $2,000 investment in the Cynthiana-Harrison County Economic Development Authority. This is part of a $165,000 contribution the association has pledged over the next five years to promote economic development.

            This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's primary service area.

LBAR President Ty Brown said, “This investment is a means of achieving a healthy real estate market in central Kentucky. The association works hard to be considered a true partner in regional issues and facilitator of collaboration. We can be trusted as an impartial investor when it comes to county by county issues because of our regional organizational nature.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 3,000 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).


Click here to view a PDF of this release.

    The Realtor-Community Housing Foundation (RCHF) has donated $50,000 to local non-profits in the Bluegrass community.  Lexington Habitat for Humanity received a $25,000 donation.  $20,000 of the donation is for continued support of their Love Your Neighborhood program which focuses on revitalization in low-income neighborhoods through owner-occupied home repairs. The other $5,000 is for the Hands and Hearts homebuyer project specifically for support of the Women Build component. REACH, Inc. received a $25,000 donation for emergency repairs for existing homes for low to moderate income families, disabled or elderly homeowners in the 22 county jurisdiction of the Lexington-Bluegrass Association of Realtors (LBAR).  Allowed repairs for this program are considered to be immediate repairs to essential systems of the house that enables the homeowner to continue to reside in the home. Both organizations align with the Realtor-Community Housing Foundation’s goal to empower families and strengthen neighborhoods by assisting homeowners in need to be able to stay in their homes.  In 2016, RCHF donated a total of $100,000 to Habitat for Humanity and REACH.

RCHF is a 501(c) (3) tax-exempt nonprofit organization incorporated in 1992 established by the Lexington-Bluegrass Association of Realtors® (LBAR). RCHF's goal is to empower families and strengthen neighborhoods by assisting homeowners in need to be able to stay in their homes.

Click here for a PDF of this release.

The Lexington-Bluegrass Association of Realtors (LBAR) donates $10,000 to Building Institute of Central Kentucky (BICK). The funds will be used for application fees and text books for students wishing to excel in the skilled trades related to the residential and commercial construction industry. With consumers preparing to place their homes on the market and purchase their dream home, the need for skilled tradesmen is on the rise.The Building Institute was founded by the Building Industry Association of Central Kentucky (formerly the HBA of Lexington) in 2014 to answer the demand for skilled workers in Central Kentucky. This demand was created in part by the depth and severity of the great recession which caused many skilled trades workers to leave the construction industry.

2017 President Ty Brown said, "LBAR believes BICK is an ideal partner due to the program’s desire to train students in a way to ensure they get successful jobs and have a strong career in their respected industry. Home sales are off to a great start in 2017 with an increase of 11 percent year-to-date. A continuing trend fueled by projected population growth and declining inventory creates a housing environment that will benefit from expanding a trained and efficient industry related workforce.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

A recent report on Fayette County Housing Demand cites forecasts of household growth yield an overall demand for 22,780 new housing units by 2025.

The report, sponsored by a consortium of Lexington stakeholders and governmental officials, cited statistics from the Kentucky State Data Center that suggest Lexington will continue to grow at a rate of 1.2% annually thru 2025, yielding a projected Fayette County population of 354,000.

In order to meet the growing demand, the report suggests that Lexington will need approximately 15,160 new single family residential units, 6,275 units within multi-family structures, and 1,345 units classified as condominiums or "other” units by 2025.

According to Lexington Bluegrass Association of Realtors (LBAR) 2017 President Ty Brown, "The association wants to make sure citizens’ needs are met by accommodating the expected population growth of the community, and this report sets out the very real challenges in the Fayette County housing market moving forward. Fayette residential sales are strong currently, and have been so for a relatively long time. It is a very tight market locally. And the lack of inventory is increasingly concerning.”

Declining inventory, fueled by projected Fayette population growth, will lead to upward pressure on home prices, diminishing housing affordability. A by-product of this increased demand will be that market-rate housing will be less affordable to middle income earners and out of reach to lower-income earners.

Shrinking inventory is creating a market where buyers are scrambling for houses which leads to sellers who are hesitant to sell. Sellers are concerned they won’t have a place to go which feeds into the continued decline of inventory.

According to the LBAR Statistical Report, Fayette County residential sales increased nine percent from 5,056 sales reported in 2015 to 5,501 sales reported in 2016. The median sales price increased four percent from $169,000 in 2015 to $175,000 in 2016. The average days on the market decreased 34 percent from 61 days in 2015 to 40 days in 2016 as the market continued to tighten.

January 2017 residential sales are off to a great start with a 34% increase from same month last year at 324 units up from 241.The Fayette January 2017 months of inventory (MOI) is 2.5 months, down forty percent same month last year. Six months of inventory is generally considered by Realtors to be an average healthy market. [1]

Further, the report identifies clearly the effects of the currently unmet housing demand within Fayette County, which is forcing people to travel farther to and from their job into adjacent communities where they reside. Fayette County was home to 164,251 jobs in 2002, and in 2014 the number of jobs swelled to 191,977, equivalent to a growth rate 16.9%.

However, Fayette County jobs are increasingly filled by commuters from outside the county. In 2014, 49.1% of all Fayette jobs were filled by Fayette residents, down from 61.1% in 2002. Despite the growth of 28,000 jobs, the total number of jobs filled by county residents decreased from 100,431 in 2002 to 94,338 in 2014.

Job growth and economic opportunity drives the housing industry. A home is where each job goes at night. When communities fail to meet their demand for housing, housing prices rise, people commute further, and the community’s quality of life suffers, as does its infrastructure and environment.

The report also projects that homeownership in Lexington will remain low relative to its historical average, with homeownership only expected to increase to 52.75% in 2025 from its 2015 level of 51.5%. Also, the population continues to trend older with over half of anticipated householders from 2015 to 2025 to be age 65 years or older.

"The association is committed to the progress, prosperity and economic viability of Lexington. And proper planning to meet the demands of the community to ensure an adequate housing supply is critical to the success of all communities,” said Brown. "We believe this report contains valuable insights and will inform the Urban County Government as it prepares to develop the 2018 Comprehensive Plan.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,900 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).




This year the Young Realtors of the Bluegrass, part of the Lexington-Bluegrass Association of Realtors (LBAR), sponsored the Salvation Army Angel Tree program by sponsoring 140 children this holiday season. The group, with the help of several local real estate companies and LBAR members, is proud to support this local non-profit in the Bluegrass community.

In addition to sponsoring Angel Tree children, the group donated new winter coats, hats, socks, and gloves to Gods Net as part of their 21st Annual Faith and Community Christmas Store. The group has supported numerous organizations throughout the year with monetary donations and tangible items including Catholic Action Center, Frankfort Access Soup Kitchen & Men’s Shelter, Habitat for Humanity, Lighthouse Ministries, Kentucky Wounded Heroes, Powell County Board of Education, OPAC, Realtor-Community Housing Foundation (RCHF), Ronald McDonald House Charities of the Bluegrass, and Salvation Army. Furthermore the group donates their time volunteering on a regular basis to several local charities in the area.

The activities of the Young Realtors of the Bluegrass would not be possible without the support of the 2016 Young Realtors sponsors including: AAA Insurance; Bank of England Mortgage; Bank of the Bluegrass & Trust; BB&T; Bluegrass Land Title; City National Bank; Community Trust Bank, N.A.; Fayette Heating and Air; Fifth Third Bank; First American Home Warranty; First Liberty Financial Mortgage; First Security Bank; Guardian Savings Bank, FSB; Home Warranty, Inc; Jett Title; Mortgage Suppliers; MortlImaging/ TourFactory; Movement Mortgage; Rite Rug; Stockton Mortgage; and Wells Fargo.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,800 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail,elaine@lbar.com).

Click here to view a PDF of this release.




This school year Realtors representing the Lexington-Bluegrass Association of REALTORS® (LBAR) visited the public elementary schools in Montgomery County including Camargo Elementary, Mapleton Elementary, and Mt. Sterling Elementary and presented a book. Each school received The Day the Crayons Quit by esteemed author Drew Daywalt and acclaimed illustrator Oliver Jeffers. In The Day the Crayons Quit poor Duncan just wants to color, but when he opens his box of crayons, he finds only letters, all saying the same thing. His crayons have had enough; they quit!

In its ninth year, Melissa Poynter, the chair of the LBAR community education task force, has continued to lead this project. Realtors David Evans, Sue Fugate, Linda Gay, Lucile Hardin, Omar Prewitt, Pam Simmons, and Liz Torchia delivered the book and read to a group of students during library class. This contribution to Montgomery County is part of a larger donation to the public elementary schools in the Bluegrass region —LBAR will be presenting the book to over 140 elementary schools in 22 counties. The project is part of LBAR’s goal to become involved with the area’s school systems in innovative ways that will positively shape the future of our community’s children.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,800 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here for a PDF of this release.



This school year Realtors representing the Lexington-Bluegrass Association of REALTORS® (LBAR) visited the public elementary school in Nicholas County and presented a book. Each school received The Day the Crayons Quit by esteemed author Drew Daywalt and acclaimed illustrator Oliver Jeffers. In The Day the Crayons Quit poor Duncan just wants to color, but when he opens his box of crayons, he finds only letters, all saying the same thing. His crayons have had enough; they quit!

In its ninth year, Melissa Poynter, the chair of the LBAR community education task force, has continued to lead this project. Realtors Judy Giannasio delivered the book and read to a group of students during library class. This contribution to Nicholas County is part of a larger donation to the public elementary schools in the Bluegrass region —LBAR will be presenting the book to over 140 elementary schools in 22 counties. The project is part of LBAR’s goal to become involved with the area’s school systems in innovative ways that will positively shape the future of our community’s children.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,800 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here for a PDF of this release.



This school year Realtors representing the Lexington-Bluegrass Association of REALTORS® (LBAR) visited the public elementary schools in Clark County including Conkwright Elementary, Shearer Elementary, Strode Station Elementary and Willis H Justice Elementary and presented a book. Each school received The Day the Crayons Quit by esteemed author Drew Daywalt and acclaimed illustrator Oliver Jeffers. In The Day the Crayons Quit poor Duncan just wants to color, but when he opens his box of crayons, he finds only letters, all saying the same thing. His crayons have had enough; they quit!

In its ninth year, Melissa Poynter, the chair of the LBAR community education task force, has continued to lead this project. Realtors Michelle Blackburn, Kathryn Parrish, Brenda Sipe, and Sherry Woodrum delivered the book and read to a group of students during library class. This contribution to Clark County is part of a larger donation to the public elementary schools in the Bluegrass region —LBAR will be presenting the book to over 140 elementary schools in 22 counties. The project is part of LBAR’s goal to become involved with the area’s school systems in innovative ways that will positively shape the future of our community’s children.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,800 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here for a PDF of this release.


The Lexington-Bluegrass Association of REALTORS® (LBAR) is awarded a $15,000 grant from the National Association of Realtors®’ Housing Opportunity Program to support activities that create and expand affordable housing opportunities. The Lexington-Bluegrass Association of Realtors donates $1,500 to the project. With the Rent & Deposit Assistant (RDA) Project, the grant will be used topay deposit and first month’s rent for up to 15 households experiencing homelessness who have documented income to pay ongoing rent.

"Realtors®build communities and work hard to make housing affordable to all who are willing and able to become homeowners,” said LBAR 2016 President Carl Tackett. "This grant will help raise awareness about the need for more housing opportunities in our community, as well as identify and promote solutions that address affordability. Through the Housing Opportunity Grants homeownership can become an attainable dream for many hard working American families across the country.”

LBAR will partner with the Lexington Fayette Urban County Government Office of Homelessness Prevention and Intervention and the New Life Day Center to provide direct service to reduce homelessness. Reducing homelessness helps stabilize neighborhoods and improves the overall quality of the community helping Realtors promote and sell neighborhoods.

NAR’s Housing Opportunity Grants were established in 2006. Individual grants are awarded ten times per year. Since the program’s inception, over 400 grants totaling more than $1.5 million have been awarded.

The grants support a wide range of housing opportunity activities, including housing symposia; home buyer education or housing fairs; counseling and financial literacy efforts; down payment or closing cost financial assistance programs; housing needs studies; and Realtor® affordability housing education.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,800 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here for a PDF of this release.


This school year Realtors representing the Lexington-Bluegrass Association of REALTORS® (LBAR) visited the public elementary schools in Anderson County including Emma B. Ward Elementary, Robert B. Turner Elementary, and Saffell Street Elementary and presented a book. Each school received The Day the Crayons Quit by esteemed author Drew Daywalt and acclaimed illustrator Oliver Jeffers. In The Day the Crayons Quit poor Duncan just wants to color, but when he opens his box of crayons, he finds only letters, all saying the same thing. His crayons have had enough; they quit!

In its ninth year, Melissa Poynter, the chair of the LBAR community education task force, has continued to lead this project. Realtors Autumn Boblitt, Lois Ann Disponett, Andrew Hays, Todd Hyatt, and Jane Redmon delivered the book and read to a group of students during library class. This contribution to Anderson County is part of a larger donation to the public elementary schools in the Bluegrass region —LBAR will be presenting the book to over 140 elementary schools in 22 counties. The project is part of LBAR’s goal to become involved with the area’s school systems in innovative ways that will positively shape the future of our community’s children.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,800 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here for a PDF of this announcement.


This school year Realtors representing the Lexington-Bluegrass Association of REALTORS® (LBAR) visited the public elementary schools in Harrison County including Eastside Elementary, Northside Elementary, Southside Elementary, and Westside Elementary and presented a book. Each school received The Day the Crayons Quit by esteemed author Drew Daywalt and acclaimed illustrator Oliver Jeffers. In The Day the Crayons Quit poor Duncan just wants to color, but when he opens his box of crayons, he finds only letters, all saying the same thing. His crayons have had enough; they quit!

In its ninth year, Melissa Poynter, the chair of the LBAR community education task force, has continued to lead this project. Realtors Nancy Allison, Shannon Allison, Aimee Davis and Linda Lewis delivered the book and read to a group of students during library class. This contribution to Harrison County is part of a larger donation to the public elementary schools in the Bluegrass region —LBAR will be presenting the book to over 140 elementary schools in 22 counties. The project is part of LBAR’s goal to become involved with the area’s school systems in innovative ways that will positively shape the future of our community’s children.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,800 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here for a PDF of this release



The Young Realtors of the Bluegrass, part of the Lexington-Bluegrass Association of Realtors (LBAR), donated $1,000 to Powell County Board of Education. Funds were raised at a recent networking event at West Sixth Brewery. In addition to the monetary donation, the group donated hundreds of school supplies to the school system. Local Realtors and real estate offices participated in the school supply drive. To date this was the largest fundraiser for the Young Realtors of the Bluegrass. Powell County is part of the 22 county jurisdiction for the Lexington-Bluegrass Association of Realtors.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,700 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here for a PDF of this release.



The Realtor-Community Housing Foundation (RCHF) has donated $100,000 to local non-profits in the Bluegrass community. Lexington Habitat for Humanity received $50,000 for their Love Your Neighborhood program which focuses on revitalization in low-income neighborhoods through owner-occupied home repairs. REACH, Inc. received $50,000 for emergency repairs for existing homes for low- to moderate-income families and individuals. Repairs will include hot water heaters, plumbing, and roofs in the 22 county jurisdiction of the Lexington-Bluegrass Association of Realtors (LBAR). Both organizations align with the Realtor-Community Housing Foundation’s goal to empower families and strengthen neighborhoods by assisting homeowners in need to be able to stay in their homes.

RCHF is a 501(c) (3) tax-exempt nonprofit organization incorporated in 1992 established by the Lexington-Bluegrass Association of Realtors® (LBAR). RCHF's goal is to empower families and strengthen neighborhoods by assisting homeowners in need to be able to stay in their homes and help single-parent graduates of the One Parent Scholar program become first-time home owners.

Click here to view a PDF of this release.


Continuing their long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced today its $2,000 investment in the Jessamine County Joint Economic Development Authority.

 

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's primary service area.

LBAR president Carl Tackett said, "This investment is a means of achieving a healthy real estate market in central Kentucky. The association works hard to be considered a true partner in regional issues and facilitator of collaboration. We can be trusted as an impartial investor when it comes to county by county issues because of our regional organizational nature.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,600 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here for the PDF of this release.




Lexington, KY (April 1, 2016) - Continuing their long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced today its $2,000 investment in the Kentucky Capital Development Corporation. This is part of a $165,000 contribution the association has pledged over the next five years to promote economic development.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's primary service area.

LBAR president Carl Tackett said, "This investment is a means of achieving a healthy real estate market in central Kentucky. The association works hard to be considered a true partner in regional issues and facilitator of collaboration. We can be trusted as an impartial investor when it comes to county by county issues because of our regional organizational nature.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,600 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Click here for the PDF of this release.



Continuing their long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced today its $2,000 investment in the Montgomery County Industrial Development Authority. This is part of a $165,000 contribution the association has pledged over the next five years to promote economic development.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's primary service area.

LBAR President Carl Tackett said, "This investment is a means of achieving a healthy real estate market in central Kentucky. The association works hard to be considered a true partner in regional issues and facilitator of collaboration. We can be trusted as an impartial investor when it comes to county by county issues because of our regional organizational nature.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,500 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Please click here for a PDF of this release.



Continuing their long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced today its $2,000 investment in the Woodford Economic Development Authority. This is part of a $165,000 contribution the association has pledged over the next five years to promote economic development.

 

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's primary service area.

LBAR President Carl Tackett said, "This investment is a means of achieving a healthy real estate market in central Kentucky. The association works hard to be considered a true partner in regional issues and facilitator of collaboration. We can be trusted as an impartial investor when it comes to county by county issues because of our regional organizational nature.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,600 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.comor call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Please click here for a PDF of this release.




Continuing their long-term commitment to healthy communities for central Kentucky homeowners, the Lexington-Bluegrass Association of REALTORS® (LBAR) announced today its $2,000 investment in the Scott County United, Inc. This is part of a $165,000 contribution the association has pledged over the next five years to promote economic development.

This initiative supports activities directly related to job creation, expansion and retention. A financial investment is available to each local economic development organization within LBAR's primary service area.

LBAR president Carl Tackett said, "This investment is a means of achieving a healthy real estate market in central Kentucky. The association works hard to be considered a true partner in regional issues and facilitator of collaboration. We can be trusted as an impartial investor when it comes to county by county issues because of our regional organizational nature.”

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,500 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com).

Please click here for a PDF of this release.


This school year Realtors representing the Lexington-Bluegrass Association of REALTORS® (LBAR) visited several elementary schools in Jessamine County including Brookside Elementary, Jessamine Early Learning Village, Nicholasville Elementary, Red Oak Elementary, Rosenwald-Dunbar Elementary, Warner Elementary, and Wilmore Elementary and presented a book that shows how small acts of kindness can help children feel included and allow them to flourish.   

Each school received The Invisible Boy by esteemed author Trudy Ludwig and acclaimed illustrator Patrice Barton. In its eight year, Melissa Poynter, the chair of the LBAR Community Education Task Force, has continued to lead this project. Realtors Teresa Blakeman, Katherine Collier, Linda Waldroop-Lewis, Linda Wiley, and Heather Woolwine delivered the book and read to a group of students during library class. 

This contribution to Jessamine County is part of a larger donation to the public elementary schools in the Bluegrass region —LBAR will be presenting the book to over 140 elementary schools in 22 counties. The project is part of LBAR’s goal to become involved with the area’s school systems in innovative ways that will positively shape the future of our community’s children.

As the region’s leading advocate for homeownership, Lexington-Bluegrass Association of REALTORS® (LBAR) understands the value and joy of owning a home. LBAR represents more than 2,500 REALTORS® located in Anderson, Bath, Bell, Bourbon, Clark, Clay, Elliott, Fayette, Franklin, Harrison, Jackson, Jessamine, Knox, Laurel, Menifee, Montgomery, Nicholas, Powell, Rowan, Scott, Whitley, and Woodford Counties. Visit www.lbar.com or call 859-276-3503 for buying and selling resources and real estate listings. For additional information please contact Elaine Hangis, LBAR Chief Executive Officer (859-276-3503 or via e-mail, elaine@lbar.com). 

Click here to view a PDF of this release