Analysis of Louisville Kentucky real estate prices, sales, trends and more
If you’re a frequent reader here at LHB, you’ll remember that February home sales were out of this world! Taking a look at March, we didn’t reach those altitudes but it was still an incredible month for home sales in Jefferson County Kentucky.
Our Louisville Home Sales Chart has been updated once again. If you’re new to our site, this is a monthly feature where I create a new chart from the sales data for all of Jefferson County. You may find it located under the Housing Reports drop-down menu at the bottom, labeled “Louisville Home Sales.”
"You missed it by that much." Maxwell Smart November home sales in Jefferson County just came up shy of last year's mark. Most of the year, home sales in 2015…
Well that doesn’t happen very often. For the month of August 2014, there were 1,047 properties sold. Fast forward one year and 1,047 were sold in August again. Can you say deja vu?
Since I’ve been tracking these stats in 2002, we’ve never had a bigger month than June! There were 1,300 Jefferson County homes sold for the month. That’s colossal!
Jefferson County home sales continue to impress! Looks like early markers weren’t kidding around.
Getting the best bang for your buck has always been important. But these days, with the multitude of choices we are blessed to have, making your decision now becomes a bit trickier.
Back in 2011, something occurred to me. It seemed that both national experts weren’t giving unemployment much weight when it came to analyzing home sales. It appeared a reasonable enough premise to research, so I did what I normally did… I jumped right in!
Last week I wrote a piece for InsiderLouisville.com that took a detailed look at how home values have fared for each MLS area in Louisville over the past four years. The results were that, for the most part, a home’s value in June 2013 was about the same as it was in June 2009, even after the years of the housing recession.
To begin, it’s important to say there are a myriad of ways to crunch any group of numbers. For our real estate example, is Louisville only Jefferson County? Or do we include the surrounding counties? Are we supposed to remove cities like Jeffersontown or Prospect that reside in Metro Louisville?
Moving a company headquarters or manufacturing plant is a major decision.
Executives weigh the pros and cons across a myriad of factors before arriving at the best choice. State tax codes, amount of skilled/non-skilled labor, proximity to strategic partners, and geographic location — each play a strong role.
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The health of any real estate market is measured by steady increases in home values along with activity levels that trend upward along with population growth. The same is true for Louisville real estate. Going back 10 years gives us a more historical viewpoint on where we were and where we are now.
“Well surprise, surpise!” -Gomer Pyle
If I’m dating myself with that quote, please forgive me. (Or, if you find my taste in sitcoms uncivilized, I completely agree.)
Area 9 is one of the few areas looking to improve upon these past few years. As you can see in this chart, home prices are trending upward and sales are ahead of 2010.
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Today begins a new, regular posting of Louisville Home Sales compared to previous years. I find that putting data into pictures helps a great deal and I hope you find this new feature worthwhile!
