Welcome to our Louisville Real Estate Update for the month of December 2016. This monthly post includes Louisville home sales numbers along with price data divided up by our Greater Louisville Association of Realtors (GLAR) MLS areas. Click the map to see where your Louisville home is located.
Louisville Real Estate Update (January 2016 – December 2016)
December wasn’t nearly as busy as the months leading up to it but nevertheless, 2016 is now in the books as the top year for Louisville real estate on record. Give yourselves a hand!
All the Jefferson County MLS areas in our monthly real estate update performed extremely well in 2016. Especially Area 7 which deserves more than one gold star for it’s ridiculous price improvements and home sales activity.
Oldham County did not perform so well, which can partially be attributed to a downsizing of new construction homes.
After a very strong November, Area 2 (Highlands, Germantown, Butchertown and the surrounding areas) dipped just a bit. But all in all it was a positive year for this area in both activity and price improvements.
Our St. Matthews area came back to earth in December. But like Area 2, it was a positive year for both of our charted metrics in 2016. Prices went up then down then up but the trend is much higher than one year ago.
Louisville MLS Area 6 (Highview, Okolona, Fern Creek) picked up speed as the year went on, especially as it pertains to home sale prices which moved much higher from August to year-end.
Most certainly our leader for home price appreciation is this one, check out that one year trend!? This while sales were up. Definitely a great year for Jeffersontown real estate.
2016 was a positive year for Area 8 (Middletown, Douglass Hills, Anchorage) but not nearly in so dramatic fashion. Sales tailed off, as did prices which is expected come December.
November and December had solid sales numbers here in Area 9 (Prospect, Anchorage, Lyndon) and home sale prices remained up. Trend didn’t grow that much over the year but still strong.
2016 was not kind to Oldham County real estate. North of 71 fared worse with all home sale prices actually dropping over the course of the year. Sales activity was also down compared to the previous year.
South Oldham didn’t perform as poorly as North Oldham but it wasn’t the best of years here either. Overall, sales were just 25 units above 2015.
Our other Louisville real estate update reports for the remaining MLS areas are updated each quarter. The following areas were just completed through Q4 of 2016.
- Area 0: Central Downtown District, Old Louisville Homes
- Area 1: Downtown, Old Louisville, West Louisville Homes
- Area 4: Pleasure Ridge, Valley Station, Shively Homes
- Area 5: Auburndale, Fairdale, Iroquois Park, Shively Homes
- Area 11: Bullitt County Homes
- Area 19: Spencer County Homes
- Area 30: Shelby County Homes
All Jefferson County
It was an incredible year for Louisville real estate. This chart covers only Jefferson County but includes all the MLS areas, both the ones we cover monthly and quarterly here at Louisville Homes Blog.
The one year trend value for December 2016 was $160,971. This is 7.1% higher than 12 months earlier. This is astounding considering our typical annual appreciation is closer to 4%.
Using the charts above we can see where most of these gains came from. It’s clear that homes between $150,000 and $200,000 are in high demand.