November 2008 Home Sales in Louisville, KY

The number of sales is down this month, as expected. Each year as we head into the Holiday season activity dies down then starts back up (slowly) after the New Year. But it’s surprising to see prices up in most of the areas. In particular, Areas 7 and 8 saw solid increases and North Oldham went from an average value of $269,452 to $342,139.

Now, averages fluctuate more erratically when the sample size is low so we can’t put too much stock in these numbers. But it is interesting to see these value increases given the overall downward trend for the year. If you have any questions, please contact me.

November 2008

AREA SALES AVERAGE DoM
0 Central Downtown District 7 Down Arrow $125,400 Down Arrow 53 Down Arrow
1 Downtwn/Old&WestLouisville/Shively 70 Down Arrow $37,355 Down Arrow 69 Up Arrow
2 Butchertown/Highlands/Germantwn 31 Down Arrow $182,980 Up Arrow 50 Down Arrow
3 Brownsboro/StMatthews 31 Down Arrow $285,642 Up Arrow 79 Up Arrow
4 Pleasure Rdg/Valley Station 37 Down Arrow $92,336 Down Arrow 63 Down Arrow
5 Auburndale/Fairdale/Iroquois Park 48 Down Arrow $99,268 Down Arrow 66 Down Arrow
6 Buechel/Highview/Okolona/FernCreek 88 Down Arrow $116,346 Down Arrow 78 Up Arrow
7 FernCrk/Hikes Point/Jeffersontown 57 Down Arrow $175,456 Up Arrow 62 Down Arrow
8 Hurstbourne/Middletwn/Anchrg 43 Down Arrow $280,655 Up Arrow 99 Up Arrow
9 Anchrg/Lyndn/Prospct/UpRvrRd 47 Down Arrow $253,565 Up Arrow 72 Down Arrow
11 Bullitt Co. 53 Down Arrow $147,775 Down Arrow 105 Up Arrow
19 Spencer Co. 8 Down Arrow $152,791 Up Arrow 140 Up Arrow
20 Oldham Co. – North 18 Down Arrow $342,139 Up Arrow 114 Up Arrow
21 Oldham Co. – South 20 Down Arrow $214,305 Up Arrow 69 Down Arrow
30 Shelby Co. 15 Down Arrow $147,765 Up Arrow 90 Up Arrow

Source: MetroSearch, Inc. Values are not warranted by LHB.

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