• Brett Kennedy

Brett's Real Estate News & MLS Deals 7/2/2020

Hard Money Opportunity - Borrower is offering 12% to 14% and needs $240,000 for a term of 6 to 7 months on a residential property. This is for a 1st position on a residential property.

  • 1st position

  • Property Value is $360,000

  • Loan Amount is $240,000 which is 67% loan to value

  • Term is 6 to 7 months

  • Located parkside of Bardstown Rd. near Cherokee Triangle

If you are interested contact Glen via text at (502) 727-5879. If you want a quick independent review of the value of the property feel free to contact Brett via text or voice @ (502) 442-2277 and I'll send you the comparables and computerized valuations.

Market Summary

Residential inventory is tight. Our local MLS had 566 new (residential) listings and 136 coming back on the market for a total supply of 702 properties for the week. 261 properties went under contract pending inspections and another 565 properties cleared inspections and went pending for a total of 826 properties under contract. Another 607 properties closed this week.

Below are the tallies for the counties of Jefferson, Bullitt, Oldham, Shelby, & Spencer counties.

New Listings Week of 6/24 to 7/1 2017 2018 2019 2020

1 Week Single Family Listings 515 491 578 466

1 Week Multi-Family Listings 6 12 8 11

1 Week Rental Listings 21 33 29 26

Brett's Favorite MLS Searches (all active listings)

Note: All MLS links expire in 30 days.

Disclaimer: Do not construe any information herein as investment advice. It is not not advice. Investment advice should include marketing times, competitive listing analysis, among other considerations.


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