Browsing Category Louisville Market Updates

2014 Louisville Real Estate Market Report

This Harrods Creek estate recently closed, making it the first sale above $1MM in 2015. Listed and sold by Chuck Pence, Jon Mand and John Lenihan.With December in the books, it’s time to review the Louisville real estate market’s performance in 2014. Overall, the market has remained healthy and even recovered some lost ground during the second half of the year. Across all price ranges…

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High-end Real Estate Values Since the Recession

The tightened supply of inventory and the tightened supply of credit continue to drive Louisville’s housing market. Together, these two trends have resulted in a slight decline in the number of sales year over year. Fortunately, consumer confidence continues to grow while consumers are generally positive about the economy and job growth. This allows local prices to continue to rise in most of the metro Louisville markets. Home…

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New Construction Market Gains Momentum

Last week’s recap of 2014’s existing home sales only told part of the story. This week we turn our attention to the harder to track, but vitally important new construction market. As a proxy for new construction starts I have compiled the statistics for lot sales from the Greater Louisville Association of Realtors MLS with particular emphasis on those premium lot sales above $100,000. At this…

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Buyers Shift from Value to Location

I talk with clients, friends and associates every day and everyone wants to know what’s going on with the real estate market. There’s really no easy answer since 2014 has seen a market in full recovery in some areas of Louisville and still struggling for traction in others. With 9 months of data for 2014, I thought it would be good to compare this year’s…

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