2010 Louisville Real Estate Year in Review

Posted by Tre Pryor, Editor-in-Chief on December 12, 2010 in Trends/Statistics tagged with Louisville home prices, Louisville homes sold, Year in Review

Click for a larger size view of the
Louisville MLS Areas MapIf there’s one thing our society creates now more than ever, it’s data. They don’t call it the Information Age for nothing. As you would expect, real estate data, no different.

The problem is that most of the time this data is published for consumers at the city level. It may be easy to do that but it’s not very useful.

Every city has wide range of home values, from inexpensive, shotgun houses to palatial mansions on massive lots. Louisville real estate has that same variety.

My goal in this 2101 Year in Review is to provide you with more useful real estate information. So what I’ve done, is narrow the calculation down to each MLS Area in Louisville. This way, you can compare your home to others in closer proximity.

As you can see in the chart below, we’re looking at Louisville home prices and the number of homes sold in each area. The first is 12 months of median home values averaged to a single value. The second, is the total of number of homes sold in the previous 12 months.

Looking at the information this way tells us more. We can see that those a there weren’t a large quantity of homes sold in Area 0, it did experience remarkable improvement in 2010 compared to 2009. We can also observe that East End areas generally performed better this past year than other parts of our city.

	1-Yr Average Home Price			# Homes Sold Previous 12 Months
Louisville Area	2009	2010	Change	Ending 11/09	Ending 11/10	Change
Area 0: Central Downtown District/Old Louisville	$115363	$106976	-7%	63	110	75%
Area 1: Downtown/Old Lou./Shively/West Lou./Butchertown	$25958	$25896	0%	877	809	-8%
Area 2: Butchertown/Highlands/Germantown	$141667	$159067	12%	836	829	-1%
Area 3: Clifton/Crescent Hill/St. Matthews	$193600	$202866	5%	636	619	-3%
Area 4: Pleasure Ridge/Valley Station/Shively	$93506	$95104	2%	699	640	-8%
Area 5: Auburndale/Fairdale/Iroquois Park/Shively	$97620	$96442	-1%	687	667	-3%
Area 6: Buechel/Highview/Okolona/Fern Creek	$120775	$118450	-2%	1343	1242	-8%
Area 7: Jeffersontown/Fern Creek/Hikes Point	$145525	$149867	3%	1244	1188	-5%
Area 8: Middletown/Hurstbourne/Douglass Hills/Anchorage	$226241	$240198	6%	789	919	16%
Area 9: Prospect/Anchorage/Glenview/Lyndon	$202290	$202817	0%	940	1000	6%
Area 11: Bullitt County	$128347	$127179	-1%	711	788	11%
Area 19: Spencer County	$167833	$159887	-5%	179	193	8%
Area 20: Oldham County N-I71	$223199	$256189	15%	319	340	7%
Area 21: Oldham County S-I71	$214814	$214887	0%	335	340	1%
Area 30: Shelby County	$134998	$146644	9%	405	377	-7%