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How’s the market in 40509 in Lexington KY?

I’ve been asked this question a lot lately and wanted to write a blog post to share the facts with you.  How’s the market in 40509 in Lexington Kentucky?

I can tell you that the 40509 zip code is on fire.  There were 82 homes that sold in the month of June for a whopping $18,161,950 with an average sales price at $221, 487.  So, you might be asking yourself is that good or bad.  The 40509 zip code is probably one of Lexington’s hottest areas of town just because of the location.  If you’ve never been to Lexington, KY the 40509 zip code has basically everything you need really within a 5 mile radius.  You have shops from Wal-Mart, Meijer, Lowes, Victoria Secrets, and several movie theatres to choose from and several other chains of stores and did I mention LOTS of choices in restaurants.  This is just one of the many reasons that this part of Lexington has become popular and yes those numbers are great.

Great deals are going fastWhen I looked at the stats for the month of July there were a slight change but not much.  There were only 71 homes that sold in the month of July not counting July 30th & 31st, but 71 homes sold for $16,003,601 with an average sales prices up to $225, 403 with the average days on market down to 56 days on the market.  The people that are pricing their home to sell is getting the opportunity to transition into the new home just in time for the new school year which starts August 13th.

There are several homes still available for a great deal in the area and lots of new construction too if you are someone that does not want an existing home, but would like to build your own home with the options that you like without compromising.  You can click here to keep current on the market in the 40509 at your convenience.  This link will showcase market trends, community information, schools, and will allow you to compare the different zip codes that Lexington has to offer.

If you are looking to buy or sell and want someone that has your BEST interest at heart, then I’m your realtor.

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