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The Kirkpatrick & Co Blog
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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
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
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