When someone says “available homes for sale” what they’re talking about is active listings. The fancy term for that is housing inventory. They all mean the same thing. And to put it bluntly, the available homes for sale in Louisville KY is dangerously limited.
It’s almost always to put things in picture form to better communicate the degree to where Louisville’s housing inventory is currently. Even better, let’s break it up into price tiers. After all, if you’re hunting in the $200,000 to $300,000 price range, you don’t really care what’s happening with half a million dollar homes.
Once a year I run the numbers to see which are the best Kentucky counties for real estate. I do this by looking at the average sale prices over time for counties that are in and around Louisville, Kentucky. Sorry, rest of the state!
So it’s that time of year again. The numbers have been crunched. The charts prepared. Let’s dig in!
Louisville Kentucky Counties
I know, I know… this article title is a bit misleading. Ok, maybe it’s a lot misleading. That’s on me. I’ve been tracking this data since the early 2000’s and it would be almost impossible for me to gather data on the other 115 counties. That’s right, Kentucky has 120 counties. Crazy huh? Only Texas, Georgia and Virginia have more.
Anyway, back to the counties in and around Louisville. Jefferson County is basically Louisville. (For specific real estate data about the different MLS areas within Jefferson, please visit these Louisville Housing Reports.) Then Oldham is to the northeast, Shelby is due east, Spencer is southeast and finally, Bullitt is straight south. Now that we have the preliminaries out of the way, here are the stats!
For most of these, have been trending higher from 2011 or so. During this past year, 4 of the 5 moved sharply higher. Here are the raw numbers.
Even though Oldham Counties has some of the expensive real estate in Kentucky, their numbers are moving higher. Largely due to more new construction which will always push values.
Only Shelby County saw the average sale price decrease in the past 12 months. There could be some good value to be had by savvy home buyers.
Also note, the values I compared in this were the average sale price for each county during the month of May. Then I compared it to the previous year’s May. Nothing can be noted by homes that don’t sell other than traditional, annual appreciation… which is an article for another time.
Now let’s look at how the sales volumes break down by county.
Kentucky County Sales Totals
Not much surprise here. When it comes to the best Kentucky counties for real estate, you’ll find far more options in the cities than you will in the country. When you consider that only 21 homes were sold in Spencer County this may, it just proves this point. While more than 1,100 exchanged hands during the same time frame.
To answer our original question, you’ll find the best selection of homes in Jefferson County. You’ll find the nicest homes in Oldham County. And you’ll most likely find the best bargains in Bullitt. Not always but typically that’s the case.
If you’d like more specific help, I’m one of the top 3 rated Realtors in Lousiville Kentucky. I’ve love to help you reach your goals just drop me a line.
Real estate can be a tricky thing. There aren’t any classes about it in most schools but it’s something most Americans are interested in. In fact, 84% of Americans see home ownership as a good investment even though the percentage of ownership has been declining since 2005. So how is building a house different than buying an existing home?
When something is as big as “buying a house” you don’t want to mess it up. There are a good number of snags that could really haunt you for years to come.
What about building a house? Isn’t that more straight-forward? After all, the builder is going to make it brand new. What could go wrong?
Well, what if I said, “It costs you nothing to have a Realtor.” Yes, that’s true. Whether you’re buying an existing home or building a house, buyers never pay commissions. Those are paid by the seller or the builder. It’s just the way it is.
Moving is a big deal. Moving to a new state is an even bigger deal! Relocating to Kentucky doesn’t have to be a major problem. With some great advice and proper planning, your move to Kentucky could be the best thing that ever happened to you!
First, I’ve recently updated my Top 10 Tips for Relocating to Louisville. If you’re moving to Louisville, Kentucky, great! I’m always happy to help. Looking at another city in Kentucky? Just let me know, I might know a great agent who’s an expert in that city.
This article isn’t about specific tips about relocating, like the one linked above. It’s about the bigger picture. It’s about why relocating to Kentucky is a wonderful thing. Once you’ve read it, I believe you’ll feel the same thing.
Spring is a great time of the year. If you’re a homeowner, you already know that there will be some jobs waiting for you once the harsh Winter weather is past.
These “jobs” are very important. Some are simply maintenance that you’ve always known your home needs. Some up updates or home improvement projects that fit nicely in the Spring season. Either way, you’ll be glad you took the time and money to tackle than to protect or even enhance the value of your most valuable investment—your home.
As we leave colder temps in the rear-view mirror, here are the top five spring home improvement projects that will help you and your home.
It’s that time again! Each year I track the most expensive homes in Louisville Kentucky. These are homes that are sold, not houses that have stayed with their current owners. If that were the case, it’d be the same homes each time and that’s no fun.
Last year we saw properties from the $1.32 million house on Belknap Beach Road all the way up to the 170 acres tract of land that sold for $2,150,000. I’m wondering if we should include land in our survey. What do you think? No? Ok, sounds good.
Going forward, no land, only the cream of the crop, most expensive houses… wait, what about condos? I mean, if one of these penthouse apartments in Waterfront Park Place or The George sold for more than a million, we’d want to see that, right? Yes? Great! I love that we’re all on the same page.
Are you a first-time home buyer and you don’t know what to do first? Relax, you’re not alone. You’ve come to the right place. Here are five tips that will help in Best Realtor for First Time Home Buyer.
Every person is different. Just like every house is different. Agents are the same way. There are some great ones, some terrible ones and a whole bunch of average ones in the middle.
Buying a home can be a tricky situation so don’t try to go it alone. Far better to find an awesome agent who’ll be your on your side throughout the entire process. Don’t worry, with the right Realtor, buying your first time can actually be a great experience.
Let’s dig right in!
#1 The Best Realtors Are Great Teachers
This is especially important for first-time home buyers. First time out, everything is new! At this point, you don’t even know what it is that you don’t know.
Some agents have some excellent experience but when the time comes to communicate that real estate knowledge to their clients, they fall down. It takes a great teacher to share their expert understanding with their buyer clients in a way that they understand and can use.
In the end, the client is the one making the decisions so you need to understand how all the variables work. Top agents teach their clients everything they need to know.
A friend of mine shared this story about how California home prices are hitting their highest point recently. As I was reading, I thought, “Yeah, so have we here in Louisville.” Immediately, my next thought was, “I wonder how Louisville Home Values match up?”
Well… that’s the easy part.
First, I grabbed the chart from the California story.
Louisville Home Values: 2007-2017
Then, I went to collect all the same data for Louisville, Kentucky. Going a step further, I wanted to see both Average Home Sale Prices, as well as, Median Home Prices. Why not, right?
Almost everyone knows that more home buyers are out during the Summer. It’s the peak season! The weather is warm. Kids are out of school for a couple of months so it makes sense to make a move during this time. But what about selling your home in Winter? If it’s necessary, what’s the best way to handle it?
This article gives you the top six strategies to sell your home this Winter. Take it from Louisville’s real estate expert, these are the big ones.
Let’s dig right in!
#1 Price at Fair Market Value
It’s always important to price the home appropriately at the very beginning of the listing period. This is even more important during Winter!
It’s no secret I’m a numbers geek. I believe if done correctly, stats tell us a great deal. So, I was quite surprised to see these results. Afer I collected all the data to determine the best month to sell your house I was blown away. Curious?
Ok, before we jump right in. A few things I’ve learned about home prices in my real estate career.
Back in 2006, I knew more homes sold during the Summer months but I thought home prices moved ever so slowly higher, month after month after month. That’s wrong. That’s very wrong.
By 2008, I now understood that these Summer months also returned greater home sale prices than even the months that followed that… same… year. Crazy, huh?
Today in 2017, I (finally) decided to crunch the numbers to get a better grasp on the best month to sell your house. Here’s my mantra that’s similar to Papa John’s. More data, better results. Let’s go!
Before I began this article, I thought the average prices would be very similar to a standard Bell curve.