News & Updates
The Kirkpatrick & Co Blog
Expert Advice
Cheat Sheet | Interviewing A Farm Broker
In his Investing in Thoroughbreds tome, founder Arnold Kirkpatrick discusses the importance of choosing one’s advisors carefully. Here, he is talking equine advisors like bloodstock agents & trainers, but the principles are the same for real estate:
“Many highly successful business people have taken a terrible beating in the horse business because they were either [...]
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December 2, 2024
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November 22, 2024
Historic Home & Farm Research Q & A
We at Kirkpatrick & Co. take pride in our role as storytellers. We craft a narrative, graciously sharing the story of the property to potential buyers. This process requires tremendous preparation, from capturing photos and video to gathering historic details.
Our expert knowledge & historic home research add great value to [...]
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November 6, 2024
The Kirkpatrick & Co. Marketing Approach
The Kirkpatrick & Co. Approach | Marketing Your Home
Our full-service boutique brokerage is known for our bespoke marketing with just the right touch. We build a specific suite of marketing strategies customized for each property.
You can rest assured your property will be presented efficaciously & graciously– to a well-qualified group [...]
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October 16, 2024
Summer 2024 Farm Market Analysis
FAYETTE COUNTY
On average, an acre of land sold for $27,769 a 21% increase over the summer of 2023. The average per-acre price for farmland nationally is just over $5K (and $4K statewide).
55% of closed properties were cash transactions.
40515 was the most active zip code, followed by 40516 and 40509.
82% of [...]
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September 10, 2024
Preparing Your Farm for Sale
Selling a property successfully requires preparation and attention to detail. We at Kirkpatrick & Co. carefully guide our clients to ensure a desirable presentation. Much is written on improving curb appeal and staging when selling residential properties. (We’ve shared our best advice, too. And also here.)
Here are a few tips [...]
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January 22, 2024
2023 Bluegrass Farm Market Report
Kirkpatrick & Co. is pleased to present our annual report on farm sales in the Bluegrass region. First, we’ll explore the statistics & trends in Lexington-Fayette County before turning our attention to the rest of the region. What was the average price per acre for farmland in Scott County? What [...]
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January 20, 2024
Why buyers hate shoe booties
Decades of experience have taught us that buyers unconsciously shy away from properties with certain characteristics. Allow our expertise to help prevent these common seller pitfalls.
These features suggest to buyers that a seller might be challenging during negotiation or due diligence.
Requiring shoe booties at the door during a showing is [...]
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January 19, 2024
Our best real estate advice for 2024 sellers & buyers
After analyzing thousands of real estate sales across Central Kentucky, noting trends & patterns, we have some advice for the Bluegrass buyers & sellers of 2024
Even as interest rates fall, sellers can capitalize on market conditions in 2024 by attracting qualified cash buyers. How?
First, by seeking an experienced local brokerage [...]
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January 5, 2024
Premium $1M+ Home Sales in Lexington, KY 2023
While the United States luxury real estate market at large floundered in 2023, Lexington, Kentucky’s premium market did not. 90 residential properties over $1M closed in Fayette County in 2023. Perhaps unsurprisingly, 43% of these transactions were cash, making them less effected by current interest rate conditions.
Also remarkable? 56% sold [...]
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January 4, 2024