Louisville’s Real Estate Market Update

August 18th, 2008

I feel I talk myself “blue in the face” to anyone that I encounter regarding our local real estate market. On this subject it seems most people listen to the national media to get their opinion. Real estate market info is local so to get the most accurate information you should contact your Realtor or local Board of Realtors for the current statistics for your neighborhood.


How ecstatic I was to read a positive article in all places but our very own Courier- Journal. It was on the front page of the Forum and written by Paul Coomes (economics professor at U of L), John Burgard (economics major at the U of L), and David Heintzman (chairman of Stock Yards Bank and Trust). The article speaks for itself. Here is the link if you are at all interested in our market and the basic truth told by someone other than a home builder, realtor, or mortgage broker: Click Here


Also I’ve attached a map of Louisville that shows the increase/decrease of median home values in specified areas. There were only 5 areas with increases for this year and those are:

  • Biggest Gain goes to Area 20 (Oldham County North of I71 which includes Prospect, Goshen) at 4.6
  • Area 9 (Jefferson Co Prospect, Anchorage, Lyndon, Upper River Road) at 3.5%
  • Area 3 (Jefferson Co St. Matthews, Crescent Hill, Brownsboro Road) at 2.4%
  • Area 7 (Jefferson Co Fern Creek, Highview, Okolona,Beuchel) at .8%
  • Floyd County, Indiana at .5%

Have a great day and spread our market’s good news…it benefits all home owners and buyers.

Stephanie

 

“Possibility City” aka Louisville, Kentucky

February 4th, 2008

I’m sure most have seen the 60 second commercial that aired on ABC’s Extreme Makeover Edition this past Sunday. If not then take a look for yourself. I would love to know what you think. Personally, I thought the commercial was inspiring. During the entire commercial I had no idea what place the actor was talking about but I did know that I wanted to live in a place like that. Then POW at the end it had Louisville across the screen! It gave me chills because we do live in an innovative, progressive city. I immediately started making calls to friends and family to see what they thought. Surprisingly it was a mixed reaction. Some thought that the video did not highlight our beautiful architecture or history. However most felt the video left a powerful, mysterious feeling to the viewer….enough mystery to log on to their computer and check out the website. Kuddos to the creator!