We experienced a much better month in March than February. Every area in Louisville had increases in the number of homes sold (Area 0 stayed even with 10), some realizing a gain of almost 100%—Area 8-Hurstbourne/Middletown/Anchorage went from 44 sales in February to 90 this past month. Sale averages, however, did continue to decline in most areas.

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

March 2010

AREA	SALES	AVERAGE	DoM
0 Central Downtown District	10	$97,905	88
1 Downtwn/Old&WestLouisville/Shively	73	$35,727	68
2 Butchertown/Highlands/Germantwn	67	$180,699	70
3 Brownsboro/StMatthews	54	$225,002	70
4 Pleasure Rdg/Valley Station	59	$94,424	64
5 Auburndale/Fairdale/Iroquois Park	51	$105,074	79
6 Buechel/Highview/Okolona/FernCreek	112	$124,258	73
7 FernCrk/Hikes Point/Jeffersontown	95	$166,880	98
8 Hurstbourne/Middletwn/Anchrg	90	$241,417	102
9 Anchrg/Lyndn/Prospct/UpRvrRd	83	$242,550	92
11 Bullitt Co.	79	$127,687	105
19 Spencer Co.	15	$189,620	116
20 Oldham Co. – North	22	$291,570	86
21 Oldham Co. – South	27	$214,130	95
30 Shelby Co.	24	$146,288	95

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

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.

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.

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.

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.

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.

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.

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.

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.

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.