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Louisville KY Home Sales: February 2010

Mar 2, 2010 Trends/Statistics

We’re getting mixed results in February compared to January. Most areas saw total sales drop but home values increase. For the entire market, average home prices moved up approximately $2700 (not seasonally adjusted).

As always, if you have any questions, please don’t hesitate to contact me.

February 2010

AREA	SALES	AVERAGE	DoM
0 Central Downtown District	10	$134,550	102
1 Downtwn/Old&WestLouisville/Shively	59	$42,211	35
2 Butchertown/Highlands/Germantwn	53	$202,696	88
3 Brownsboro/StMatthews	38	$257,989	106
4 Pleasure Rdg/Valley Station	42	$89,560	86
5 Auburndale/Fairdale/Iroquois Park	34	$116,618	114
6 Buechel/Highview/Okolona/FernCreek	75	$124,810	77
7 FernCrk/Hikes Point/Jeffersontown	60	$190,029	71
8 Hurstbourne/Middletwn/Anchrg	44	$260,789	102
9 Anchrg/Lyndn/Prospct/UpRvrRd	45	$212,863	105
11 Bullitt Co.	48	$135,864	81
19 Spencer Co.	12	$160,986	116
20 Oldham Co. – North	16	$281,576	92
21 Oldham Co. – South	16	$187,825	91
30 Shelby Co.	20	$195,555	123

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

Tags: February 2010, home sales, Louisville

Louisville KY Home Sales: January 2010

Feb 2, 2010 Trends/Statistics

January was down from December in large part due to the weather, but also from uncertainty about the economy. There are signs that things will be picking up as we head into the Spring.

As always, if you have any questions, please don’t hesitate to contact me.

January 2010

AREA	SALES	AVERAGE	DoM
0 Central Downtown District	11	$165,907	90
1 Downtwn/Old&WestLouisville/Shively	56	$46,375	64
2 Butchertown/Highlands/Germantwn	54	$159,210	52
3 Brownsboro/StMatthews	35	$201,374	104
4 Pleasure Rdg/Valley Station	39	$88,432	51
5 Auburndale/Fairdale/Iroquois Park	40	$94,728	74
6 Buechel/Highview/Okolona/FernCreek	87	$128,679	73
7 FernCrk/Hikes Point/Jeffersontown	62	$165,544	92
8 Hurstbourne/Middletwn/Anchrg	56	$285,128	85
9 Anchrg/Lyndn/Prospct/UpRvrRd	51	$236,834	82
11 Bullitt Co.	46	$135,667	90
19 Spencer Co.	15	$122,507	80
20 Oldham Co. – North	20	$249,562	98
21 Oldham Co. – South	17	$217,409	105
30 Shelby Co.	22	$179,384	111

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

Tags: home sales, January 2010, louisville ky

Louisville KY Home Sales: December 2009

Jan 2, 2010 Trends/Statistics

Numbers are down for December, as expected, especially after a stronger than normal November. But maybe not as down as one might have guessed.

As always, if you have any questions, please don’t hesitate to contact me.

December 2009

AREA	SALES	AVERAGE	DoM
0 Central Downtown District	6	$135,721	25
1 Downtwn/Old&WestLouisville/Shively	74	$46,566	77
2 Butchertown/Highlands/Germantwn	68	$178,766	76
3 Brownsboro/StMatthews	37	$244,747	82
4 Pleasure Rdg/Valley Station	52	$102,138	67
5 Auburndale/Fairdale/Iroquois Park	55	$102,387	69
6 Buechel/Highview/Okolona/FernCreek	96	$116,143	93
7 FernCrk/Hikes Point/Jeffersontown	111	$164,247	80
8 Hurstbourne/Middletwn/Anchrg	79	$226,479	85
9 Anchrg/Lyndn/Prospct/UpRvrRd	63	$222,647	83
11 Bullitt Co.	81	$134,269	73
19 Spencer Co.	17	$161,819	77
20 Oldham Co. – North	37	$260,946	86
21 Oldham Co. – South	27	$211,465	91
30 Shelby Co.	37	$145,713	131

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

Tags: December 2009, home sales, louisville ky

Louisville KY Home Sales: November 2009

Dec 2, 2009 Trends/Statistics

Possibly in reaction to a strong October, November numbers were, as expected, down. Following yearly trends, December should also be down as well, but according to many experts, 2010 should show some positive growth.

As always, if you have any questions, please don’t hesitate to contact me.

November 2009

AREA	SALES	AVERAGE	DoM
0 Central Downtown District	6	$286,000	184
1 Downtwn/Old&WestLouisville/Shively	61	$59,669	71
2 Butchertown/Highlands/Germantwn	79	$178,683	54
3 Brownsboro/StMatthews	52	$198,109	80
4 Pleasure Rdg/Valley Station	86	$106,308	66
5 Auburndale/Fairdale/Iroquois Park	82	$119,621	97
6 Buechel/Highview/Okolona/FernCreek	126	$123,810	76
7 FernCrk/Hikes Point/Jeffersontown	129	$164,435	72
8 Hurstbourne/Middletwn/Anchrg	76	$239,938	88
9 Anchrg/Lyndn/Prospct/UpRvrRd	99	$244,364	91
11 Bullitt Co.	67	$141,394	84
19 Spencer Co.	11	$163,767	92
20 Oldham Co. – North	35	$283,600	127
21 Oldham Co. – South	24	$202,838	106
30 Shelby Co.	41	$143,388	83

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

Tags: home sales, louisville ky, November 2009

Louisville KY Home Sales: October 2009

Nov 2, 2009 Trends/Statistics

In all but one of the Jefferson County areas home sales were up in October. That goes against seasonal trends where activity tapers off as we head into the Holidays. Average home sale prices were generally up as well, compared to September.

As always, if you have any questions, please don’t hesitate to contact me.

October 2009

AREA	SALES	AVERAGE	DoM
0 Central Downtown District	8	$201,431	85
1 Downtwn/Old&WestLouisville/Shively	79	$42,525	57
2 Butchertown/Highlands/Germantwn	84	$181,561	71
3 Brownsboro/StMatthews	74	$209,440	64
4 Pleasure Rdg/Valley Station	82	$106,503	82
5 Auburndale/Fairdale/Iroquois Park	84	$109,830	73
6 Buechel/Highview/Okolona/FernCreek	146	$123,125	83
7 FernCrk/Hikes Point/Jeffersontown	135	$155,343	62
8 Hurstbourne/Middletwn/Anchrg	95	$246,533	103
9 Anchrg/Lyndn/Prospct/UpRvrRd	106	$264,781	93
11 Bullitt Co.	70	$167,793	81
19 Spencer Co.	19	$148,361	166
20 Oldham Co. – North	30	$283,302	110
21 Oldham Co. – South	41	$243,695	80
30 Shelby Co.	39	$141,699	97

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

Tags: home sales, louisville ky, October 2009

Louisville KY Home Sales: September 2009

Oct 1, 2009 Trends/Statistics

Numbers are mixed compared to August which actually isn’t too bad considering that each year numbers typically drop off when summer is over and school starts. Like always, if you have any questions, please don’t hesitate to contact me.

September 2009

AREA	SALES	AVERAGE	DoM
0 Central Downtown District	8	$160,089	164
1 Downtwn/Old&WestLouisville/Shively	84	$47,110	71
2 Butchertown/Highlands/Germantwn	82	$174,103	66
3 Brownsboro/StMatthews	66	$207,960	73
4 Pleasure Rdg/Valley Station	69	$99,848	73
5 Auburndale/Fairdale/Iroquois Park	71	$115,532	59
6 Buechel/Highview/Okolona/FernCreek	129	$122,406	103
7 FernCrk/Hikes Point/Jeffersontown	124	$161,737	71
8 Hurstbourne/Middletwn/Anchrg	75	$194,034	83
9 Anchrg/Lyndn/Prospct/UpRvrRd	93	$225,000	102
11 Bullitt Co.	82	$145,298	97
19 Spencer Co.	21	$175,813	133
20 Oldham Co. – North	37	$229,825	90
21 Oldham Co. – South	34	$207,170	79
30 Shelby Co.	46	$157,035	107

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

Tags: home sales, louisville ky, September 2009

Louisville KY Home Sales: August 2009

Sep 2, 2009 Trends/Statistics

Fairly large drop from July but many experts believe we’ve reached the bottom of this housing recession. We’ll see if their prediction prove true.

Like always, if you have any questions, please don’t hesitate to contact me.

August 2009

AREA	SALES	AVERAGE	DoM
0 Central Downtown District	3	$143,333	82
1 Downtwn/Old&WestLouisville/Shively	65	$47,028	80
2 Butchertown/Highlands/Germantwn	75	$188,340	52
3 Brownsboro/StMatthews	71	$230,092	71
4 Pleasure Rdg/Valley Station	62	$104,477	89
5 Auburndale/Fairdale/Iroquois Park	63	$104,816	69
6 Buechel/Highview/Okolona/FernCreek	134	$117,870	74
7 FernCrk/Hikes Point/Jeffersontown	125	$174,676	87
8 Hurstbourne/Middletwn/Anchrg	84	$256,290	88
9 Anchrg/Lyndn/Prospct/UpRvrRd	86	$225,955	70
11 Bullitt Co.	65	$144,046	82
19 Spencer Co.	22	$186,302	142
20 Oldham Co. – North	39	$298,141	101
21 Oldham Co. – South	34	$223,055	95
30 Shelby Co.	44	$157,701	116

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

Tags: August 2009, home sales, louisville ky

Louisville KY Home Sales: July 2009

Aug 3, 2009 News

As you’d expect, numbers are up for July over June as the Summer season here in Louisville is seeing a little jump. There are still 9,680 properties for sale in our entire MLS but that’s down a bit from previous highs.

Like always, if you have any questions, please don’t hesitate to contact me.

July 2009

AREA	SALES	AVERAGE	DoM
0 Central Downtown District	7	$81,000	44
1 Downtwn/Old&WestLouisville/Shively	74	$54,208	85
2 Butchertown/Highlands/Germantwn	122	$177,953	59
3 Brownsboro/StMatthews	79	$212,356	65
4 Pleasure Rdg/Valley Station	69	$99,630	73
5 Auburndale/Fairdale/Iroquois Park	70	$99,925	73
6 Buechel/Highview/Okolona/FernCreek	146	$130,001	68
7 FernCrk/Hikes Point/Jeffersontown	152	$166,094	84
8 Hurstbourne/Middletwn/Anchrg	87	$282,204	88
9 Anchrg/Lyndn/Prospct/UpRvrRd	120	$254,619	96
11 Bullitt Co.	66	$147,737	106
19 Spencer Co.	28	$198,539	151
20 Oldham Co. – North	38	$375,363	126
21 Oldham Co. – South	37	$217,553	82
30 Shelby Co.	42	$177,060	117

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

Tags: home sales, July 2009, louisville ky

Louisville KY Home Sales: June 2009

Jul 2, 2009 News

Mixed again this month as East End areas are up and those to the South are down. If you didn’t see, here is last month. This is the last time I’ll post about this but if you haven’t read Louisville Kentucky Real Estate Review of 2008, here’s your chance.

Like always, if you have any questions, please don’t hesitate to contact me.

June 2009

AREA	SALES	AVERAGE	DoM
0 Central Downtown District	12	$97,479	53
1 Downtwn/Old&WestLouisville/Shively	78	$44,148	77
2 Butchertown/Highlands/Germantwn	104	$182,447	67
3 Brownsboro/StMatthews	65	$298,181	82
4 Pleasure Rdg/Valley Station	58	$95,522	79
5 Auburndale/Fairdale/Iroquois Park	72	$108,696	83
6 Buechel/Highview/Okolona/FernCreek	141	$115,924	70
7 FernCrk/Hikes Point/Jeffersontown	142	$167,950	75
8 Hurstbourne/Middletwn/Anchrg	88	$236,422	82
9 Anchrg/Lyndn/Prospct/UpRvrRd	107	$252,189	84
11 Bullitt Co.	66	$152,540	96
19 Spencer Co.	11	$158,900	115
20 Oldham Co. – North	28	$278,325	110
21 Oldham Co. – South	38	$257,016	110
30 Shelby Co.	32	$163,971	98

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

Tags: home sales, June 2009, louisville ky

May 2009 Home Sales in Louisville, KY

Jun 2, 2009 Trends/Statistics

Mixed again this month as East End areas are up and those to the South are down. If you didn’t see, here is last month. This is the last time I’ll post about this but if you haven’t read Louisville Kentucky Real Estate Review of 2008, here’s your chance.

Like always, if you have any questions, please don’t hesitate to contact me.

May 2009

AREA	SALES	AVERAGE	DoM
0 Central Downtown District	2	$109,000	69
1 Downtwn/Old&WestLouisville/Shively	78	$44,204	66
2 Butchertown/Highlands/Germantwn	75	$158,728	70
3 Brownsboro/StMatthews	65	$205,909	60
4 Pleasure Rdg/Valley Station	48	$80,877	69
5 Auburndale/Fairdale/Iroquois Park	47	$115,526	77
6 Buechel/Highview/Okolona/FernCreek	107	$127,435	85
7 FernCrk/Hikes Point/Jeffersontown	97	$159,955	80
8 Hurstbourne/Middletwn/Anchrg	71	$225,074	111
9 Anchrg/Lyndn/Prospct/UpRvrRd	81	$237,845	97
11 Bullitt Co.	53	$144,169	99
19 Spencer Co.	12	$187,585	177
20 Oldham Co. – North	22	$215,236	121
21 Oldham Co. – South	27	$219,656	114
30 Shelby Co.	29	$145,524	60

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

Tags: home sales, Kentucky, Louisville, May 2009

April 2009 Home Sales in Louisville, KY

May 2, 2009 Trends/Statistics

Mixed again this month as East End areas are up and those to the South are down. If you didn’t see, here is last month. This is the last time I’ll post about this but if you haven’t read Louisville Kentucky Real Estate Review of 2008, here’s your chance.

Like always, if you have any questions, please don’t hesitate to contact me.

April 2009

AREA	SALES	AVERAGE	DoM
0 Central Downtown District	1	$255,500	188
1 Downtwn/Old&WestLouisville/Shively	73	$41,886	60
2 Butchertown/Highlands/Germantwn	54	$165,982	80
3 Brownsboro/StMatthews	35	$256,367	57
4 Pleasure Rdg/Valley Station	44	$81,070	77
5 Auburndale/Fairdale/Iroquois Park	40	$102,578	98
6 Buechel/Highview/Okolona/FernCreek	94	$120,326	79
7 FernCrk/Hikes Point/Jeffersontown	71	$155,358	98
8 Hurstbourne/Middletwn/Anchrg	57	$270,467	106
9 Anchrg/Lyndn/Prospct/UpRvrRd	58	$264,467	106
11 Bullitt Co.	56	$134,103	118
19 Spencer Co.	14	$202,475	146
20 Oldham Co. – North	24	$290,516	120
21 Oldham Co. – South	21	$235,999	120
30 Shelby Co.	29	$150,336	113

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

Tags: April 2009, home sales, louisville ky

March 2009 Home Sales in Louisville, KY

Apr 2, 2009 Trends/Statistics

Numbers still moving up in most areas for number of sales over last month. Pricing also increasing, if only marginally. If you haven’t read Louisville Kentucky Real Estate Review of 2008, I’d love to hear your feedback.

Like always, if you have any questions, please don’t hesitate to contact me.

March 2009

AREA	SALES	AVERAGE	DoM
0 Central Downtown District	5	$38,520	51
1 Downtwn/Old&WestLouisville/Shively	81	$29,609	63
2 Butchertown/Highlands/Germantwn	46	$158,500	70
3 Brownsboro/StMatthews	37	$229,008	99
4 Pleasure Rdg/Valley Station	61	$90,700	82
5 Auburndale/Fairdale/Iroquois Park	46	$100,798	81
6 Buechel/Highview/Okolona/FernCreek	104	$130,993	93
7 FernCrk/Hikes Point/Jeffersontown	93	$163,078	96
8 Hurstbourne/Middletwn/Anchrg	37	$253,027	142
9 Anchrg/Lyndn/Prospct/UpRvrRd	52	$224,597	94
11 Bullitt Co.	65	$124,973	68
19 Spencer Co.	15	$202,390	104
20 Oldham Co. – North	15	$265,280	104
21 Oldham Co. – South	23	$233,984	131
30 Shelby Co.	28	$166,719	115

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

Tags: home sales, louisville ky, March 2009

Home Sales in December Up 6.5% Nationally

Jan 27, 2009 Trends/Statistics

It’s always interesting to me to see how headlines are formed. Sometimes they convey the true meaning of the article but many times they don’t.

Take this heading from The Wall St. Journal:

Price Cuts Spur Home Sales

Home sales rising should be great news right? Well, they seem to feel the need to couch it alongside some negative news—the price cuts. Are we sure that it was the price cuts the forced the increase? I’m sure they played a role but many factors, including things like the weather, affect home sale numbers. Then the WSJ does it again with the tagline:

Largest Monthly Gain Since 2002, but Economists Warn of Sluggish Season Ahead

Awesome! But don’t stay happy. Sounds like our popular media is a bit conflicted. Not all experts are predicting “sluggish” results. Alexis McGee is predicting a “major improvement.”

How did we do here in Louisville? In November 2008, there were 459 homes sold in Jefferson County and 497 sold in December 2008 for an 8.3%.

Keep in mind it’s usually better to compare a particular month from one year to the same month of a previous year. When we do that, there was a significant drop from the 668 homes sold in December, 2007.

If you’d like to see what your home might sell for in today’s market, feel free to contact me for a complimentary CMA.

Tags: home sales, Wall St. Journal

Louisville Kentucky Real Estate Review of 2008

Jan 18, 2009 Trends/Statistics

It seems the popular press today didn’t listen to their parents growing up. I’m sure you’ve heard the instruction, “If you don’t have anything nice to say, don’t say anything at all.” Apparently only bad news sells commercial time, newspaper subscriptions and online ad clicks.

Well, here at Louisville Homes Blog, I’d rather tell you the whole story and let you figure out what it means. So here in our ultra-concise delivery method is the 2008 Year in Review for Louisville, KY Real Estate.

Home Values in Louisville

First, you need to understand that most valuations you find online are truly estimates. Some are wildly inaccurate while most are merely averages. Averages are fine if your home is an average home but most aren’t. Even still, with the plethora of free online information, we’d be silly to dismiss it.

According to this chart from RealtyTrac, the median home value in Louisville dropped about $1,300 in value during 2008. This amounts to about a 1% loss.

We reported in November one analyst reporting the drop in value to be -3.6%. If you look at Trulia, they have 2008 being almost a wash.

I think a drop of 2-3% is probably reasonable, which is a real negative when you consider home values in Louisville have risen 4-5% every year for the past five decades.

Home Sales in Louisville

This calculation is quite simple and very reliable given that the data is coming directly from Louisville’s MLS system.

As you can see, Louisville has certainly dropped from the high number of sales in 2005 and 2006. But properties are still selling in numbers larger than the first three years of this decade.

Foreclosures in Louisville

Since this is the most negative news in real estate today, it’s no big surprise to hear the media clamor on and on about it. So how is Louisville doing compared to the rest of the nation?

About as expected, things are the worst on either coast and Florida. Good news for us in Kentucky is that we have fewer foreclosures than our neighbors in Tennessee, Ohio and Indiana. As always, be conservative when considering an amount to borrow for the purchase of your home.

Conclusion

All in all, it was a down year for real estate here in Louisville but not nearly as bad as the media has made it out to be. Given the historically low interest rates and depending on your situation, now could possibly be the best time to make a move in real estate.

Tags: 2008, foreclosures, home sales, home values, Louisville Kentucky

Louisville Real Estate News

Dec 30, 2008 News

I started collecting some news links when the site went down so here they are en masse.

• Mortgage rates at 37-year low
  Some folks are going to be kicking themselves when the rates rise and they didn’t take advantage of them.
• Local home sales drop in November
  November was a terrible month for sales. As a whole, 2008 is going to be down as much as 20-30% in total number of properties sold. Please check Louisville Homes Blog for a report on those numbers in January.
• Home bargains can still be found in Louisville
  This shouldn’t be surprising news to anyone watching the market these days.

Tags: home sales, interest rates, Louisville Homes Blog, Louisville Kentucky

November 2008 Home Sales in Louisville, KY

Dec 2, 2008 Trends/Statistics

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

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

Tags: data, home sales, Kentucky, 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