Somerset, KY- Median Listing Prices are Up as Active Inventory Decreases

November 13th, 2017

CoesterVMS-APPSPOT-Robert-Baker-1024x392Appraiser Spotlight- Robert Baker

Robert Baker has been an appraiser for the past 19 years, and began his career working for a friend’s appraisal company. Over the years Robert has performed many different assignments, from residential work to litigation and divorce estate work. South Eastern Kentucky is a very rural market with a wide variety of homes, with a range of value anywhere from $20,000 to over $2 million. Robert enjoys the versatility the market brings, and understands the importance of embracing diversity to better serve the clients in his market. According to Robert, one of the most important aspects of appraising is continued education and valuable mentors. Though he has been an appraiser for 19 years, there is always room to learn and grow.

South Eastern, KY Market – Somerset

In Somerset Kentucky, the median listing price is up as active inventory is down. The median listing price is $197,900, up 7% compared to this time last year when the median list price was $183,999. Active inventory for the market is down 30% from this time last year, and down 2% since last month (Movoto; Market Trends). Renters make up a majority of the market at 60.1% compared to owners at 39.9%, while a majority of the property types are single-family homes (56.3% of market). Somerset is a city of mixed blue and white collar jobs, and is a city of sales, office workers, professionals, and service providers. Common jobs for the Somerset market include Office & Administrative Support at 17.44%, Sales Jobs at 13.94%, and Food Services at 9.34% of the market (Neighborhood Scout; Somerset, KY).

Survey Category Ratings 1 – 10
Timely Delivery – 10
Communication – 10
Staff Knowledge – 10
Professionalism – 10
Technology – 10
Service – 10
Appraiser contact information:


call: 606-425-2278

Monday Morning Motivation

October 9th, 2017
“Choose to be optimistic, it feels better .”
- Dalai Lama
Positivity is a Choice…
Train your mind to see the good in everything.
Positivity is a choice.
The happiness of your life depends on the quality of your thoughts.
Good Monday Morning Friends and Industry Colleagues!
Experts agree that setting aside a few moments at the start of each morning to review top priorities, clear the “mental clutter” and establish an upbeat mindset can result in dramatically improved performance.
I hope you enjoyed the above motivational piece to start your week!
Let’s get out there and Make Good Things Happen!
John Ritz Miller
Serving Customers, Realtors, Builders and Mortgage Industry Professionals for over three decades!

4th Annual Inside The Beltway Photos 2017

July 11th, 2017

Thank you to the over 150 Mortgage Professionals who came out to the 4th Annual Inside the Beltway Social and made it such a huge success. We couldn’t have done it without the support of  such a great group of people and well respected mortgage and appraisal professionals.

CoesterVMS - 4th Annual Inside The Beltway Social 2017