Lexington Homes For Sale | Lexington Real Estate
If you're planning on buying or selling real estate in Lexington, Kentucky, you've got a lot of work ahead of you before the sale finally goes through. Luckily, we can help take some of the burden off your shoulders by placing all the information you need for your preliminary research in one easy to navigate real estate website. As real estate agents in Lexington, KY, we know what you're looking for and have laid it out here for you. Market conditions? Got 'em. Advice on how to price a home? That's here too. Tips on picking out the best property? Look no further. Facts about the city's job market, entertainment options, and schools? Relocaters, we've got you covered. Select the topic of your choice from the bar above or keep reading this homepage for a quick overview of Lexington, KY and its real estate market.
Lexington, Kentucky: Thoroughbred City
Sprawling across over 285 square miles of Kentucky's fertile Bluegrass Region is the city of Lexington, known colloquially as "Thoroughbred City" for the many horse farms that can still be found there. The first European settlers who arrived in 1775 were no doubt enchanted by the rolling hills, burbling creeks and rich grass, and although Lexington, KY has since grown into a city of 279,000 (making it the second largest city in the state), the city council has made sure that modern Lexington retains the same scenic charm that it had all those years ago.
The agriculture industry is balanced by a variety of other endeavors, giving Lexington, Kentucky one of the most stable economies in the country. Its large technology and business sectors have earned it a ranking among the best cities for young professionals, many of whom are trained in town at the University of Kentucky. This university's health care campus also provides the basis of Lexington's medical care sector. The economy is not solely white collar, though. There manufacturing is still strong thanks to companies like Toyota and Jif peanut butter.
While the primary cultural attractions in Lexington, KY are the Bluegrass music festival, the various horse races, and riding the trails of the Raven Run Nature Sanctuary on horseback, that doesn't mean anyone whose idea of fun involves a New York spa package will be left in the lurch. There are elegant restaurants, shops, and pampering services and you can spend a day in the University of Kentucky art museum admiring their collection of Old Master works.
The Lexington, KY Real Estate Market
Despite the housing market crisis that seems to be gripping the nation, Lexington, Kentucky's market is doing rather well, even showing an increase in property values from the dip that occurred at the height of the mortgage crisis. The average listing price for the city is about $262,000 and the most popular neighborhoods with buyers right now have listing prices ranging from $161,000 to $1,882,000.
The wide variation in prices between neighborhoods can be attributed partially to the huge variety of property sizes and styles. You can buy a small condo in Lexington, Kentucky just like you can buy in any other city, but you can also buy a working horse ranch that sprawls over many acres and comes with numerous outbuildings. Much of the housing is located in between these two extremes; however, with a sizeable portion of houses being of the suburban detached home style on plots that allow for backyard gardens or play areas.
The aforementioned housing types naturally make for an eclectic collection of neighborhoods. There are the tall buildings and hip restaurants of downtown, the condo complexes and shopping malls of the old Tobacco Warehouse District, the quiet, tree-lined suburban neighborhoods, and the working farms outside the Urban Growth Boundary. As the city grows, you'll find that the population will get denser, as the city has imposed limits on urban sprawl in order to protect the surrounding Bluegrass Country.
Contact a Lexington, Kentucky Real Estate Agent
We hope you've found the information on this website useful to your research efforts. If you're still left wondering, all you have to do is contact us and we'll be happy to answer any lingering questions you may have. You'll also want to drop us a line if you're interested in having a qualified professional realtor at your side during the property transaction process. There are numerous reasons why you'd want to hire a realtor, but they can be summed up by saying we make the whole process easier and more profitable for you.
