Trader Joe's Finally Admits They Are Opening A Store Across the Street From Us

http://www.courier-journal.com/article/20110414/BUSINESS/304140054/Trader-Joe-s-confirms-will-open-St-Matthews-store?odyssey=tab%7Ctopnews%7Cimg%7CHome

4.3 Months Supply of Homes for Sale in Beechwood Village

We currently have a 4.3 month supply of homes in Beechwood Village.  Not bad considering the Louisville area currently has a 9.7 month supply down from a high of 14 months at one point. 

Supply of homes means if no others came on the market it would take 4.3 months to deplete the inventory of homes for sale.

Property Currently on the Market

Address	Sq Ft	Price	Days on Market
224 TYNE RD	1,507	$190,000	58
4615 BLENHEIM RD	1,700	$209,900	365
213 BRUNSWICK RD	1,530	$219,500	9
320 BRAMTON RD	1,456	$239,900	17
4513 BLENHEIM RD	1,761	$244,900	9
206 RING RD	2,278	$254,900	341
306 RING RD	2,024	$300,000	203

PROPERTY SOLD IN MARCH, 2011

217 RING RD

SQ FT

1,840

SOLD

$199,000

DAYS ON

142

Months of inventory homes in Louisville and surrounding areas

MLS System	Months of Inventory	Active Residential Inventory	Average Sales Price	Average Days on Market
GLAR	3.3% higher 2011 – 12.4 2010 – 12.0	4.0% lower 2011 – 9,162 2010 – 9,547	5.3% lower 2011 – $152,957 2010 – $161,583	1 days less 2011 – 86 Days 2010 – 87 Days
HKAR	* 2011 – 13.5 *	* 2011 – 1,723 *	* 2011- $124,903 *	* 2011 – 120 Days *
SIRA	12.1% higher 2011 – 13.9 2010 – 12.4	4.1% lower 2011 – 2,236 2010 – 2,332	4.3% higher 2011 – $119,661 2010 – $114,744	19 days more 2011 – 126 Days 2010 – 107 Days

                            

Inventory versus Pricing Reference
Months of Inventory	Market Description	Pricing
1-4	Sellers	Appreciation
5-6	Even	The Norm
7 plus	Buyers	Depreciation

Trader Joe's

Trader Joe's has applied for a liquor license, which means we can now walk to Trader Joe's and buy Two Buck Chuck which is now Three Buck Chuck or it could be more I haven't checked in a while.

Now if we could only have a tunnel under Shelbyville Road to get to Shelbyville Road Plaza.  Anyone want to start a digging party?

Some Pictures in Beechwood Village



Fall



Summer in The Village



Winter

March 2011 Sold in Beechwood Village

Address	Price	Sq Ft	Days on Market
317 BRAMTON RD	$110,000	1,350	0
4515 FOX RUN RD	$127,000	1,386	1
232 TYNE RD	$200,000	1,560	206
318 BRAMTON RD	$175,000	1,370	358

Active Beechwood Village Properties

Address	Sq Ft	Price	Day on Market
313 MARSHALL DR	2,580	$0	6
224 TYNE RD	1,507	$195,000	24
4615 BLENHEIM RD	1,700	$209,900	331
4618 BEAVER RD	2,276	$230,000	653
210 RING RD	1,352	$234,500	28
4438 BLENHEIM RD	1,691	$238,000	217
206 RING RD	2,278	$254,900	290
306 RING RD	2,024	$315,000	169