Browsing Category Louisville Real Estate News

1st Quarter Report: High-end Real Estate Booming, New Sales up 73%

This new listing in Harrods Glen is coming on the market amid a surge in high-end sales.It’s already April and the first quarter results for the Louisville real estate market are in. Overall, the Louisville housing market remains very healthywith solid activity and gains across the board, but the high-end segment (homes $400,000 and above) continues to outperform the broader market by huge margins. The…

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High-End Real Estate Shines With Huge Gains in January

This Mockingbird Gardens home was only on the market 1 month before selling in January with Jon Mand and Chuck Pence representing the buyer and seller. The numbers for January are in and closed home sales of $400,000 and above posted an 18% increase over the same period last year. With a typical transaction taking 30-45 days to close, this increase in January closings is…

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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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Developer Opens New Section in Harrods Glen

Signature Green Properties just completed development of Section 3 in the prestigious Harrods Glen neighborhood located off Wolf Pen Branch Road in Prospect. This new section was put to record with Metro Louisville yesterday creating 10 new, premium +/- 1 acre lots ranging in price from$295,000-$315,000. Mike Jones, managing partner for Signature Green Properties, felt it was imperative to build on the sales momentum of 2014,…

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Chuck Pence Honored as One of Louisville’s “People to Know” in Real Estate

Chuck Pence of Lenihan Sotheby’s International Realty was honored as one of Louisville’s “People to Know” in real estate in the October 17th issue of Business First. Over the last 32 years Chuck has built a successful career as one of Louisville’s top residential real estate brokers, consistently ranking in the top 1% of Louisville Realtors. In this business it’s easy to get lost in the…

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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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Perspectives – Vol. 3

In volume 3 of our video blog, we share some of the tools and techniques that we employ that have led to our exceptional market share growth. For the last 2.5+ years we’ve been the #1 office in Louisville for homes sales above $500,000 and have also maintained the highest average listing price, sale price, and productivity per agent out of the 400 or so…

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Lenihan Sotheby’s Int’l Realty Participates in Luxury Real Estate Conference

Lenihan Sotheby’s International Realty, a luxury real estate firm based in Louisville, Kentucky, recently participated in the 2014 Sotheby’s International Realty® Leadership Forum, which brought together nearly 300 network members worldwide. This dynamic, three-day event, which was held March 31 to April 2 at The Breakers Palm Beach, Florida, provided a unique opportunity for Sotheby’s International Realty brokers, owners and managers to network and share…

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