Louisville House Prices Down 3.6% YTD
Nov 27, 2008 Trends/Statistics
While it’s been a tough year for Louisville real estate, at least we can take some solace in knowing our market isn’t behaving like some of those in Florida, California and some other states. But for a city where home appreciation has run 4%-5% annually, any kind of departure from that trend isn’t expected or welcome.
I read this in the CJ today:
The weak performance continued a downward trend of the past several months, and pushed the area’s year-to-date median price decline to 3.6 percent
Some are predicting a rebound in 1Q of ‘09 but others say the worst is yet to come. We can’t worry about what the future holds as much as we should make our decisions on what makes the most sense, right here and now.
Tags: appreciation, Louisville, real estate
Best Louisville Neighborhoods: Landis Lakes
Nov 12, 2008 Neighborhoods
Landis Lakes, just south of Lake Forest off Shelbyville Road, is a gorgeous neighborhood with some remarkable homes. The price range for homes in this neighborhood start in the low $400’s and move up to the high $600’s. These are large homes, averaging around 3,400 square feet on generally 1/3-acre lots.
Being located just outside of the Gene Snyder Expressway, Landis Lakes is close to a great deal of new development, both commercial and residential. It’s also very close to the Christian Academy of Louisville’s English Station campus. Read More »
Tags: best louisville neighborhoods, Landis Lakes, louisville ky, tre pryor
Home Improvements That Are Eco-Friendly Too!
Nov 10, 2008 Home Improvement
I saw this article—Top 10 Ideas for Eco-Friendly Home Improvements—a while back and thought I’d share with you. If you can find that the environment-friendly solution also saves you money, then I get really excited!
Be sure to read the whole piece because I just pulled my favorite five ideas.
- Every year tons of water gets flushed in your bathrooms. So when you are considering remodeling your home then opt for dual flush in your bathroom. So depending upon the need you can use powerful mode or gentle mode. This step will reduce your yearly water consumption.
- When you want to renovate your flooring then you can go for cork floor. Besides being natural cork flooring is comfortable to walk on and durable. Cork floorings are available in a wide range of designs and colors.
- Instead of replacing entire flooring you can reuse or refinish the existing material. This is easily possible in case you have other type of flooring beneath your wood flooring.
- In case you are opting for carpet tiles then carpet padding is not compulsory. It is better to avoid carpet padding. Avoid padding will reduce the additional material, labor and chemicals used to install. Carpet padding also increases the need to keep your carpet clean and it becomes hard to clean without using harsh chemicals.
- In case you are not going for big renovation then you can simply switch to eco-friendly furnishing. The best way is to purchase used furniture this step will reduce the demand on forest and materials to be made from scratch. Used furniture besides being eco-friendly is also a cost efficient move.
Tags: eco-friendly, Home Improvement
4th Street Live to Expand
Nov 8, 2008 Commercial, News
A new land deal was approved by the city council that will allow developers the opportunity to expand 4th Street Live in Louisville’s downtown.
After a three-hour debate, Metro Council Democrats voted in lock step last night to approve the $12 million purchase of three acres of prime real estate that will allow The Cordish Cos. to expand 4th Street Live. The development, called Center City, would potentially be worth $250 million.
It looks like the deal wasn’t what the council wanted, money-wise, but the Democrats went along with Mayor Abramson, who’s consistently wanted to spend more tax dollars in the downtown area.
Tags: 4th Street Live, downtown, Louisville
October 2008 Home Sales in Louisville, KY
Nov 6, 2008 Trends/Statistics
More down than up this month, but where sale numbers are down, prices are rising. Looks like values are balancing out as we head into the Holidays. If you have any questions, please contact me.
October 2008
| AREA | SALES | AVERAGE | DoM |
| 0 Central Downtown District | 8  |
$162,848 |
103 |
| 1 Downtwn/Old&WestLouisville/Shively | 107 |
$43,226  |
67 |
| 2 Butchertown/Highlands/Germantwn | 58 |
$164,055 |
62 |
| 3 Brownsboro/StMatthews | 41 |
$229,671 |
60 |
| 4 Pleasure Rdg/Valley Station | 56 |
$103,127 |
73 |
| 5 Auburndale/Fairdale/Iroquois Park | 66 |
$99,799 |
93 |
| 6 Buechel/Highview/Okolona/FernCreek | 115 |
$135,527 |
62 |
| 7 FernCrk/Hikes Point/Jeffersontown | 80 |
$156,692 |
74 |
| 8 Hurstbourne/Middletwn/Anchrg | 78 |
$252,153 |
72 |
| 9 Anchrg/Lyndn/Prospct/UpRvrRd | 86 |
$220,969 |
83 |
| 11 Bullitt Co. | 67 |
$163,767 |
82 |
| 19 Spencer Co. | 23 |
$150,891 |
93 |
| 20 Oldham Co. – North | 26 |
$269,452 |
92 |
| 21 Oldham Co. – South | 29 |
$187,413 |
96 |
| 30 Shelby Co. | 22 |
$138,559 |
79 |
Source: MetroSearch, Inc. Values are not warranted by LHB.
Tags: data, home sales, Kentucky, Louisville
