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2009 Northern Kentucky Real Estate Report

Saturday, February 6, 2010
by The Mike Parker Team

The Northern Kentucky 2009 Real Estate Market numbers are in and we would like to share them with you.  These numbers are taken from the Northern Kentucky Multiple Listing Service as of February 6, 2009.

Residential Property SOLD in 2008  - 5,142 Units

Residential Property SOLD in 2009 - 4,852 Units

THIS TOTALS TO a -5.65% DECREASE from 2008

 

Average Price SOLD in 2008 - $160,531

Average Price SOLD in 2009 - $139,537

THIS TOTALS TO A -13.08% DECREASE from 2008

 

Median Price in 2008 - $132,000

Median Price in 2009 - $126,600

THIS TOTALS TO A -4.17% DECREASE from 2008

 

Total Dollar Volume for 2008 - $825,452,718

Total Dollar Volume for 2009 - $677,032,211

THIS TOTALS TO A -17.98 DECREASE in SALES VOLUME

Northern Kentucky got hit pretty hard the first part of 2009 until about mid-year.  Currently, the market is brisk due to the $8,000 and $6,500 tax deduction.  REMEMBER, now is an EXCELLENT time to buy!!  In order to take advantage of the tax credit you must have a SIGNED contract by April 30, 2010 and close by June 2010.  Questions about the tax credit?  Click Here for more information!!!

For Northern Kentucky properties currently for sale, Click Here.

For The Mike Parker Team properties for sale, Click Here.

For Northern Kentucky properties currently for sale by SCHOOL DISTRICT, Click Here.

We can help you find any home in the Greater Cincinnati/Northern Kentucky area!!  Contact Us today!!

Greater Cincinnati Northern Kentucky Halloween Pumpkin Patches and Haunted Houses

Friday, October 23, 2009
by The Mike Parker Team

Well it's that time of the year again.  Gather up the kids and head on out for an evening full of Halloween fun!!  Pumpkin patches are perfect for the little ones and a fun day with the family!!  Haunted Houses are not for the faint of heart and are sure to give you chills and thrills.  The following lists will surly please all members of the family!!

 

Pumpkin Patches

Benton Farms

11946 Old Lexington Pike
Walton, KY 41094
859-485-7000

Shaw Farms

513-575-2022
Milford, OH

Daniels Petting Farm & Pumpkin Patch

1850 WALTON NICHOLSON PIKE
WALTON, KY 41094
859-363-8623

Parky's Farm
10037 Daly Road
Cincinnati, OH 45231
Phone: 513-521-3276

Haunted Houses

BENTON FARMS
Haunted House
Weekends In October
11946 Old Lexington Pike
Walton, KY 41094
859-485-7000

USS Nightmare
Wednesdays and Thursdays 7pm - 11pm
Friday & Saturday 7pm - 1am...... Sun. 7pm - 11pm
Through November 1st .....

Located on the river at Newport on the Levee

St. Rita Haunted House
October 2nd -November 1st
Every Thursday, Friday, Saturday, & Sunday

Free Parking
The Haunted House is located on the school grounds.

Kings Island
Mason, OH
Halloween Haunt

Junction Nightmare
EnterTrainment Junction
7379 Squire Court
West Chester, OH 45069
Phone: (513)898-8000

Haunted Hayride
Sandyland Acres
Petersburg, KY
This hayride has won numerous haunt awards and offers individual and group rates.
859-689-4283 or 859-322-0516

Dent Haunted Schoolhouse
5963 Harrison Ave.
Cincinnati OH 45248
Every Friday and Saturday, The Dent Schoolhouse is open from 7:30 pm to 12:00 pm. On every Sunday The Dent Schoolhouse is open from 7:30 pm to 10:00 pm.

Land of Illusion
5 terrorizing events, choose one or enter them all!!  All at your own risk of coarse!!
8762 Thomas Rd.
Middletown, OH 45042
Open until November 1, 2009

HallZOOween
Discover the "creepy and the crawly," weekends in October, at the Cincinnati Zoo & Botanical Garden during the annual HallZOOween celebration. Little ghouls and boys, ages 12 and under, can enjoy three spooktacular weekends of fun, from 12 - 5 p.m.

Northern Kentucky Area Schools Set To Begin Soon...

Tuesday, July 28, 2009
by The Mike Parker Team

Northern Kentucky Schools are set to begin soon.  Below is a comprehensive list of area schools and their prospective start dates.  Please check with your child's school to confirm the actual date!!

 

School                                           Start Date
Boone County 8/19/09
Kenton County 8/19/09
Walton Verona 8/06/09
Campbell County 8/10/09
Grant County 8/13/09
Pendelton County 8/18/09
St. Joseph Academy Walton 8/19/09
Immaculate Heart of Mary 8/17/09
St. Henry Elementary 8/17/09
St. Paul Elementary 8/19/09
St. Henry High School 8/17/09
Villa Madonna 8/18/09
Notre Dame Academy 8/19/09
Covington Catholic 8/18/09
Covington Latin 8/17/09
Bishop Brossart High School 8/10/09
Holy Trinity Junior High 8/18/09
Newport Central Catholic 8/19/09
Silver Grove Schools 8/05/09
St. Joseph Cold Spring 8/19/09
St. Catherine Of Siena 8/25/09
Mary Queen of Heaven 8/19/09
Lulow Independant Schools 8/13/09
Erlanger Elsmere 8/17/09
St. Agnes 8/20/09
St. Augustine 8/18/09
St. Pius X 8/19/09

 

For a complete list of schools, please visit www.nkyschools.com.  Have a safe and wonderful 2009 - 2010 School Year!!!

 

Active Listings in Northern Kentucky

Monday, June 1, 2009
by The Mike Parker Team

The numbers listed below are the current numbers (as of June 1, 2009) for active listings in Northern Kentucky (per the Northern Kentucky Multiple Listing Service). 

  • Single Family Residential Homes - 2821
  • Residential Condominiums - 684
  • Multi-Family - 165
  • Single Family Lots and Land - 1153

Single family homes and residential condo's total 3505.  This is 15% less than the average of what was on the market in last 3-4 years.

The average list price in Northern Kentucky is listed below for each category:

  • Single Family Residential Homes - $214,431
  • Residential Condominium - $253,054
  • Multi-Family - $152,545
  • Single Family Lot and Land - $141,991

If you would like to receive FREE listings sent right to your inbox.  Click here!

Super Sunday Open House Event

Friday, April 10, 2009
by The Mike Parker Team

Sunday April 26 is Open House Super Sunday for the tri-state!!!  Realtors will be holding open houses in both Cincinnati and Northern Kentucky.  The goal is to have over 2000 open houses through out the tri-state!!!  Check out Northern Kentucky's area open houses by clicking here.

We will be holding the following incredible properties open from 1:00pm - 3:00pm that day.  Hope to see you all out and about!!!  It should be a great event!!


17 Airview, Florence, KY



6465 Deermeade, Florence, KY


428 Pinnacle, Ludlow, KY

Where is the Market Today?

Friday, September 5, 2008
by Mike Parker
Where is the Market Today?
Submitted by:  Peter Zimmer
By far the most popular question when people find out that I'm in real estate..."So, how's the market?" Most of the time, all they really want is a simple "pretty solid" or "kinda tough right now" followed by some small statistical nugget they can then share with their friends so they can, for a brief moment, sound like an expert.

Well here is a small statistical nugget for everyone to share. It's called an Absorption Rate. The Absorption Rate is roughly how long it will take the current homes on the market to sell. It’s an estimate, based on the current number of lisings and solds. The National Association of Realtors has stated that, in a normal market, the absorption rate is about 6 months. Anything less is considered a seller's market, and anything more--a buyer's market.

Ready for the nugget? Right now, the absorption rate for condos and townhomes in the Greater Cincinnati area is.....almost 14 months!!!

Okay, so what does that mean to you? It is a great time to be looking at condos/townhomes! Prices are great, and you just can't beat the amount of selection on the market right now.

So, have fun sounding like an expert while you share that little nugget with your friends! And if you ever want more info, as always, I'm here to help!
Here's a graph timelining the aborption rate for the past 2 years (for condos/townhomes). The last time it was at about 6 months was June of 2006! If you've ever thought about downsizing or moving from the suburbs to the riverfront...it's worth at least having that conversation!

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Photo of Mike Parker - CRS Real Estate
Mike Parker - CRS
HUFF Realty
60 Cavalier Blvd.
Florence KY 41042
859-647-0700
859-486-3300
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