Tre Pryor is the recognized real estate expert in the city of Louisville, Kentucky. Founder and Editor of LouisvilleHomesBlog.com the #1 real estate blog in the city, Mr. Pryor also writes for InsiderLouisville.com and several other industry websites.
Your home is likely the largest single investment you will ever make. It’s doubly smart to take care of your home’s value and save money at the same time. Don’t wait for a problem to surface. Be proactive!
Follow these 12 ways to prepare your home for winter now and you’ll be sitting comfortably come the Holidays.
Today is the day of our annual jaunt through the most expensive Louisville homes in 2018. I began this pilgrimage in 2015 and have enjoyed the journey. If interested, check out the 2016 and 2017 editions. Seriously though, who doesn’t like looking at amazing homes?!
To begin, here’s our methodology.
We’re only looking at homes that have sold since January 1, 2018.
I’m only considering homes in the general Louisville, Kentucky area. We’re including the Jefferson, Oldham, Shelby, Spencer, and Bullitt counties. Our MLS covers more but I’m not including those.
Lastly, we’re only looking at residential properties. No commercial. No straight land. Just awesome homes sold for big money.
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!
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.
It started out as a simple experiment. Which NCAA men’s basketball teams historically choked the most. It has now become a yearly obsession. Picking March Madness brackets is now an annual ritual—one that comes with fierce emotions. These emotions strongly pull most fans to move their team forward in the tournament while X’ing off the teams they hate.
Don’t let emotions rule you. You’re better than that! Use data instead.
With that in mind, I present the 2018 Edition of the Choker’s Index. What is the Choker’s Index you say? Well, I’m glad you asked.
The Choker’s Index began in 2013. Each year after I added a bit more. Last year I published this piece right here on TrePryor.com, even though college basketball is a far cry from Louisville real estate. I say, “Adios!” to convention.
This year, I’ve updated all the data that stretches back to the beginning of the expanded NCAA field in 1985. Here are the criteria:
I’m only looking at schools who’ve made the tournament at least 15 years. Here are the 11 teams I added this year: Georgia Tech, Iowa, Iowa State, LSU, Marquette, N. Carolina State, Stanford, Utah, Virginia, W. Virginia and Wake Forest.
The Index is weighted. Opening rounds games count the most, and as the tournament progresses, the factor is reduced slightly each round.
When you are a higher seed and lose that’s the only thing that matters. Losing to a better team doesn’t affect the team’s Choker’s Index.
The bigger the defeat, the more it costs you! If you’re the #1 seed and you fall to the #2 in the fourth round, that only costs you a half-point. No biggie. But when the #15 knocks out the #2 in the opening round, that’s 13 points!
Biggest Upsets in NCAA Tournament History
Speaking of which, here are the biggest upsets (choke jobs) in the history of the NCAA Tournament! I’ve linked up some video highlights on those game scores. Enjoy!
So before we get to the updated index, let’s see who laid down last year. Who wet the bed? Which teams simply laid an egg?
As it turns out, 2017 wasn’t a big year for upsets with just 7. Seeds held strong, even though all the experts thought the tournament was wide open. Go figure.
But here’s who did choke last year:
Arizona (2) lost to Xavier (11) in the third round: -6
Villanova (1) lost to Wisconsin (8) in the second round: -5.9
Maryland (6) lost to Xavier (11) in the first round: -5
Duke (2) lost to S. Carolina (7) in the second round: -4.2
Louisville (2) lost to Michigan (7) in the second round: -4.2
Florida (4) lost to Wisconsin (8) in the third round: -2
Kansas (1) lost to Oregon (3) in the fourth round: -1
Putting all those together only results in a Choker Index of 28.3 for the year. Lame! It’s just a little better than the lowest year on record—a -19.2 index points in 2007.
We want more upsets. How about this year we see another year like 2001 where the index sky-rocketed up to 78.12! Let’s go underdogs.
The 2018 Choker’s Index
Ok, enough of the preliminaries, let’s get the chart so you can know who not to select when you pick March Madness brackets this year. This year I kept the negative sign so that we can better see that it’s a problem a large number next to your favorite team’s name. The Choker’s Index is the average
So we see some newcomers rise to the top of the list. Last year’s report went Missouri, Notre Dame and then UCLA. Now we’ve got Iowa State, Missouri, and West Virginia. It’s crazy because West Virginia doesn’t choke often, just 20% of the time but when they do… look out!
The inverse is Iowa State who only choked 3 games out of their 18 tournament appearances but 2 of those were massive choke jobs.
The average Choker’s Index for all the of teams in this report is -4.07, which is where the red line lives.
It’s really up to you whether to devalue teams that choke more often or those that perform the biggest chokes.
Average Number of Upsets Per Year: 8.82
Biggest Upset Year: 2006 (17 Upsets)
Average Choker Index Total Per Year: 34.22
Largest Choker Index Total: 2001 (78.12 Choker Index Points)
So there you have it. Go forth and win your bracket contest!