It’s that time of year again! This is one of my favorite articles to write, not exactly sure why. Maybe it’s the competitor in me that enjoys watching how the most expensive neighborhoods in Louisville Kentucky battle it out for top billing.
Stay tuned and you’ll find out!
Most Expensive Neighborhoods in Louisville Kentucky
If we included all homes sold in Jefferson County during 2016, there’d be 12,234 units. Once we add the parameter of sold price being $500,000 or more, the list reduces to 470. In 2015, that number was 415 so we can see once again that 2016 was an amazing year for home sales in Louisville.
As you might expect, most homes in our results are closer to $500,000 than the million dollar mark. Of the 31 Louisville neighborhoods that made the cut, nine of them have an average sold price under $600,000. Then, the next 16 neighborhoods land between $600,000 and $700,000 for average sale price.
Norton Commons is the neighborhood with the most homes that sold for more than a half million dollars with a whopping 58. Their average sale price was $658,540, good enough for 14th in our rankings.
Louisville’s largest neighborhood, Lake Forest, had 45 sales, second most in this year’s survey. That puts this neighborhood at 19th, with an average sale price of $619,489.
Now, on to our top 10 most expensive neighborhoods in Louisville Kentucky for 2016.
#10 Rolling Fields
Sales over $500,000 in 2016: 6 | Average Sale Price: $677,917
#9 Cherokee Triangle
Sales over $500,000 in 2016: 11 | Average Sale Price: $688,500
Sales over $500,000 in 2016: 3 | Average Sale Price: $694,167
#7 Indian Hills
Sales over $500,000 in 2016: 18 | Average Sale Price: $697,603
Sales over $500,000 in 2016: 4 | Average Sale Price: $705,685
#5 Oxmoor Woods
Sales over $500,000 in 2016: 3 | Average Sale Price: $718,167
#4 Cherokee Gardens
Sales over $500,000 in 2016: 11 | Average Sale Price: $768,582
Sales over $500,000 in 2016: 21 | Average Sale Price: $780,427
#2 Mockingbird Valley
Sales over $500,000 in 2016: 7 | Average Sale Price: $889,393
Sales over $500,000 in 2016: 3 | Average Sale Price: $1,062,333
For those keeping score at home, here’s the top 10 ranked Louisville neighborhoods for the past four years.
|1||Glenview||Harrod’s Glen||Glenview||Spring Farm|
|2||Mockingbird Valley||Cherokee Hills||Mockingbird Valley||Glenview|
|3||Anchorage||Spring Farm Place||Glenview Acres||Mockingbird Valley|
|4||Cherokee Gardens||Spring Farm Lake||Bonniewood||Bonnycastle|
|5||Oxmoor Woods||Glenview||Mockingbird Gardens||Anchorage Woods|
|7||Indian Hills||Cherokee Triangle||Indian Hills||Indian Hills|
|8||Hunting Creek||Indian Hills||Woodstone||Cherokee Gardens|
|9||Cherokee Triangl||Lake Forest||Sutherland||Anchorage|
|10||Rolling Fields||Mockingbird Gardens||Rolling Fields||Hurstbourne|
If you have any questions about this piece, or anything in the world of real estate for that matter, please feel comfortable contacting me. I’m always happy to help!