Ashland Alliance

Positive trends observed in local real estate

ASHLAND, Ky. — Newly released real estate numbers show solid sales growth in several eastern Kentucky cities of the Tri-State.

Randy Memmer, president of the Ashland Area Board of Realtors, sees strength in the area’s overall real estate market, along with a very bright future ahead.

“It is a good market for both buyers and sellers,” said Memmer. “If your house is priced right you are going to be out of that market real quick vs. where we used to be, which was maybe six or eight months (on the market).”

In Ashland, 907 residential units were sold in 2017, up from 847 the year prior. Representing an uptick of 7 percent. The average sale price was $109,142, down 1 percent. Bellefonte showed an 8 percent increase in residential sales while sale price remained consistent. Catlettsburg observed positive growth, with a 9 percent increase in residential sales. Flatwoods residential sales grew by 3 percent, Grayson 7 percent, Raceland-Worthington, 4 percent, Rush, 13 percent growth, Russell 2 percent growth, and Wurtland had a particularly strong year in percentage growth. Fifty homes sold in Wurtland in 2017, up 43 percent from the 35 that sold a year ago, while prices remained constant.


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