Zone changes could mean more housing options around Lexington. | Photo by @shoeless.photographer
There aren’t enough flame emojis on the Internet to describe the Lexington housing market. According to the most recent housing report from Bluegrass Realtors, the median home in Fayette County sold for ~$300,000, a 15% jump year-over-year. Yowza. 🔥
Prices show few signs of cooling off. But for those hoping to dip their toes in the home-buying waters soon, it helps to know what trends to expect. Put on your floaties, and let’s hear what the local experts predict.
Look out for the ‘burbs
Lukas Owens and Ryan Camenisch, Real Estate Advisors for The Brokerage, said they believe the big story for 2023 will be “Masterson Station trending upwards,” thanks in part to the $60 million dollar shopping plaza development planned near there on Citation Boulevard.
The median home price for a single-family home in Lexington is $239,000, according to the Lexington Herald-Leader. Ryan said Masterson Station homes are currently in that range, but also hold the unique promise of seeing new, exciting developments being built nearby.
Don’t give up on LEX
Buyers hoping to find areas with a bit less competition may want to think about getting a sweet pad in neighborhoods like Castlewood, Irishtown, or Eastland. Ryan said there may be some deals in these areas because “as supply continues to get snatched up, people are going to be looking for other places in the city with charm.”
Worth it to wait?
Rocket Homes currently lists Lexington as a “seller’s market,” meaning prices are continuing to trend high while also selling fast.
Mortgage lenders at Central Bank agree — we recently sat down to chat with them about mortgage loans. A full story on that will be published soon.
But Bradley Sutherland, Vice President of Mortgage Lending, had this to say about the current state of Lexington’s housing market. “Lexington has a high demand for housing due to how many people are moving here,” said Bradley. “I don’t see the price of single-family homes going down.”
Bluegrass Creative Market Holiday Edition | Friday, Dec. 16 | 10 a.m.-3 p.m. | 302 Southland Dr., Lexington | Free | This curated Kentucky artist and maker market will give you the chance to shop for the perfect locally made holiday gift — candles, decor, pottery, and more.
Holiday Spectacular Dance Party | Friday, Dec. 16 | 8-10 p.m. | The Ballroom House, 312 Southland Dr, Lexington | $12 | Enjoy a 30-minute swing dance lesson followed by a live eight-piece jazz band that will help you dance the night away.
Saturday, Dec. 17
Winter Scavenger Hunt | Saturday, Dec. 17 | 9-10 a.m. | McConnell Springs, 416 Rebmann Ln., Lexington | Free | Put your observation skills to the test and discover just how much nature is still alive in the winter months.
Mini-Stockings with Beads and Bells | Saturday, Dec. 17 | 2-3:30 p.m. | Kre8Now Makerspace, 305 Codell Dr., Lexington | $15-$20 | Learn to make your very own hand-sewn mini stocking for your tree or mantle.
The Kentucky Theatre Holiday Market | Saturday, Dec. 17 | 10 a.m.-2 p.m. | The Kentucky Theatre, 214 East Main St., Lexington | Free | Stop by to shop for the movie lovers in your life and find a collection of film posters, Kentucky Theatre swag, and more.
Sunday, Dec. 18
Nature Ornaments | Sunday, Dec. 18 | 1-2 p.m. | Raven Run Nature Sanctuary, 3885 Raven Run Way, Lexington | Free | Create ornaments from natural materials found around the nature preserve.
Last Minute Maker’s Market | Sunday, Dec. 18 | 2 p.m. | Rock House Brewing Co., 119 Luigart Ct., Lexington | Free | This pop-up market will have local vendors on hand for last-minute gift ideas as well as craft beer from Rock House Brewing.
Winter Solstice Yoga | Sunday, Dec. 18 | 3:30-4:30 p.m. | Vibe Barre and Fitness | 1170 Manchester St., Ste. 170, Lexington | $15 | Find renewal and embrace the winter solstice with this invigorating 60 min flow.
We have a calendar filled with events and activities you can plan for in advance. Click the button below to bookmark ideas for upcoming date nights, family outings, and time with friends.
The experts at WealthSouth are answering the most commonly-asked questions about financial planning. John Cadwell, Wealth Management Advisor and Certified Financial Planner™. | Photo provided by WealthSouth
Q: What does the financial planning process look like?
A: A balance sheet and cash flow statement will illustrate your current and future financial position, so you can better understand:
When you can retire
What rate of return you need to meet goals
How much insurance is needed to protect your family
If you can you be more strategic with debt
Q: How should I choose a financial planner?
A: You want to find someone knowledgeable, experienced, and trustworthy. Bonus points if they hold a CFP® (Certified Financial Planner) designation.*
A new Mexican restaurant called El Asadero Mexican Grill opened yesterday at 144 Rojay Dr., in the old TGI Fridays spot near Fayette Mall. The new spot is part of a Cincinnati-based chain that has a knack for showmanship — think huge drinks topped with flowers, fruit, candy, and even sparklers. (Lexington Herald-Leader)
Sports
The Eastern Kentucky football program is looking to switch to a new conference. Currently, the program is in the Western Athletic Conference (WAC) but is looking to make the jump to the Football Bowl Subdivision (FBS) — which is considered to be the top level of collegiate football competition. 🏈 (WEKU)
The UK men’s basketball team will go head-to-head with the UCLA Bruins this weekend in New York, playing in Madison Square Garden on Saturday, Dec. 17 at 5:15. p.m. The game will be aired on CBS. Read more about this historic 70-year-old rivalry. 🏀 (Lexington Herald-Leader)
Learn
Registration is now open for the fifth annual Kentucky Local Food Systems Summit, which will be held at Kroger Field on Wednesday, Mar. 29. This conference will focus on culinary creativity and best practices, as well as education around the Bluegrass’ regional food economy. 🥬
Development
A public hearing will be held on Thursday, Jan. 12 to discuss updates to the new pro soccer stadium. Lexington Sporting Club is requesting a zoning change for the property located at 5380 and 5354 Athens-Boonesborro Rd. in hopes of building a 6,500-seat stadium, training facility, and medical facility. 🏟
Watch
The historic Kentucky Theatre is kicking off its Holiday Movie Classics series this weekend. Head to 215 E. Main Street to check out screenings of “Prancer,” “The Muppet Christmas Carol,” “Batman Returns,” and more. 🎞
Holiday
Hanukkah sameach. This Sunday evening (Dec. 18) marks the beginning of Hanukkah — the Festival of Lights that lasts for eight days. The final night of Hanukkah ison Monday, Dec. 26.
Shop
It’s ok if you waited until the last minute to shop this season. There’s still time to shop items from our online shop Six & Main. We’re talking cocktail glasses, shirts, candles, mugs, and more. Our gift guides make shopping easy. 🛍️
Still shopping for the hunter or angler in your life?Sportsman’s Box, the leading gear discovery service for outdoorsmen, is adding a free $100 credit for all new membersthrough Saturday, Dec. 31. Choose from nine leading brands with your first Sportsman’s Box and claim your free gift. 🎣 *
Travel
Calling all globetrotters. If exploring bucket list destinations while meeting like-minded travelers is one of your 2023 goals, consider booking a small group trip with Encounters Travel. See one of the seven wonders of the world on the Jordan & Egypt Explorer Trip or snorkel among diverse marine life on the Maldives Uncovered Tour.*
Content marked with an * is brought to you by our advertising partners and helps make this newsletter free.
SHOP
Stocking up on Lexington goods 🛒
Stocking up on Lexington goods
Shop our online store Six & Main to start showing off the best local gear. | Photo by Bonfire Visuals
We know you have some serious Lexington pride, and that’s why we created the LEXtoday x Six & Main Collection.
This online store features unique gear that’ll have you showing off the latest local fashion designed by creatives in the community. Plus, you’ll receive 20% off your first order when you sign up for the Six & Main emails.
While you’re filling your digital cart with local love, you might also fall in love with products from one of our other 24 cities.
Editor’s pick: If you’re looking to shop local for your holiday roast beast, I suggest taking a look at this week’s specials at Critchfield Meats, 398 Southland Dr.
I picked up a couple of pounds of tri-tip roast this week for a great price. They also have hams, turkeys, and rib roasts all on special currently.
Missed yesterday’s newsletter? Read about Lexington’s prettiest potties, here.
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