Ok, I know I promised some changes in the way this home sales data is presented here at Louisville Homes Blog. It's really quite the challenge. I've even enlisted the advice of some high-powered, number-crunching gurus and still no clear path presents itself. Never fear, I shall continue to press forward in the hopes that inspiration strikes. Until then, please enjoy our free, real estate information and, as always, if you have any questions, please contact me. July 2008 AREA SALES AVERAGE DoM 0 Central Downtown District 7 $171,220 66 1 Downtwn/Old&

Seems some in the media may be seeing the other side of the coin, in regards to the real estate market here in Louisville. Here's a point from the Sunday Courier-Journal on foreclosures: We found that the percentage of homeowners losing their homes to foreclosures is much smaller than previously reported. We estimate that in 2007, between 0.6 percent and 0.8 percent of Jefferson County homeowners endured foreclosure, a rate one-third the size reported in the media. That's a very low percentage. If you asked the average person on the street how many foreclosures have occurred, I'm sure yo

It seems this is the hot topic in real estate these days so I thought I'd take some time to weigh in on the issue for foreclosures here in Louisville. Rule #1: Prices fluctuate. That's how things work. They go up, then come down. But in our city, Louisville, even when things are down they're not really "down" they're just not increasing at the historical 4-5% rate. It's more like .5-1%. So our cycles are milder, which is good and they're still moving up! Just be happy you're not in Las Vegas, San Diego or Tampa. Rule #2: What's bad for home sellers, is actually good for home buyers. Why

In an effort to keep Louisville home sellers on the leading edge of national real estate trends, I was happy to meet with Melissa Marshbanks of Center Stage Homes to talk about home staging and how it can be used to help homeowners better market their property and get a leg up on the competition. For starters, could you give us a quick overview of staging and what it entails? Home staging can take on many different forms. It can be as simplistic as removing clutter and reorganizing a home before it goes on the market or it can be as involved as bringing in furniture from an outside sourc

Woodmont is another up-scale, east end neighborhood that got its start at the beginning of the new millenium. Off Old Henry Road, Woodmont is close to expressways but still feels like it's in a private setting away from commercial clutter. Across the street from Fox Run and near Lake Forest, this neighborhood has newer homes from the mid $300s up to the $500s sitting on 1/3 to 1/2 acre lots on average. With a club house/pool and the gently rolling hills, Woodmont might be just what you're looking for! Read More » This post is one in an ongoing series of spotlights on t

Fox Run is a newer neighborhood in the popular area near Old Henry Road. Close to both Woodmont and prestigeous Lake Forest, Fox Run offers homes in from $300-$400k. This neighborhood was just developed about five years ago and already they built more than 50 homes, with more under construction as I type. If you're looking for new construction in the price range, this east end of Louisville subdivision with worth considering. Read More » This post is one in an ongoing series of spotlights on the Best Louisville Neighborhoods. If you have a neighborhood that you think deserves cov

Home values rising in some parts of the Kentuckiana The year's not over so I don't know where they're getting this -2.8% number. Louisville is certainly doing better than most of the country, even though that's small solace to some homeowners here. Report: Louisville Housing Market Avoided Slump Our new home builders were quick to respond to market conditions, which in turn, helps the entire housing market. Bluegrass State says 'come back' Mayor Jerry is out promoting our city, which is great, though I'm not sure it's cost effective for our top executive to sell to individuals, far b

I certainly need to come up with a catchier name but I'm very excited about the new data charts I'm working on for Louisville real estate. Getting the data is easy, putting it into a visual format that communicates clearly and efficiently, well, that's the challenge. I think everyone will agree the new graphical representation of this data will be a big improvement. Stay tuned.