YOUR listing is expiring so here's what I'm going to tell the sellers - 12/27/10 01:58 PM
I really like that Cindy has followed the timeline of likely interchange and addressed each point. Very thorough and thoughtful. One of the best posts I've read in some time. Thanks!
Via CINDY MUSTAFA (RE/MAX Traditions):
I oftentimes get calls from sellers when they are counting down the days until they expire. It's like the 12 days before Christmas for them. They are riddled with anxiety, disappointment and frustration from watching everything around them come up and go down [sold] but they still remain on the market and rightly so, they want to know WHY?

My first meeting with the sellers is full … (1 comments)

Louisville Home Improvement Costs vs. Values for 2010 - 12/27/10 11:07 AM
For the past three years we've published the Remodeling Cost vs. Value data for Louisville remodeling projects. For reference, I'll link them up for you here.
Home Improvement Costs vs. Values for 2009 Home Improvement Costs vs. Values for 2008 2007 Home Improvement Values, Louisville KY vs. Nation Looking at this year compared to last, it appears that values are down across the board. That's the bad news. The good news is that home improvement projects cost less in Louisville when compared to national averages and they return a great value to the home value. That's pretty healthy!
Costs Recouped for … (0 comments)

2010 Year in Review, Louisville Real Estate by Area - 12/22/10 03:34 PM
If there's one thing our society creates now more than ever, it's data. They don't call it the Information Age for nothing. As you would expect, real estate data, no different.
The problem is that most of the time this data is published for consumers at the city level. It may be easy to do that but it's not very useful.
Every city has wide range of home values, from inexpensive, shotgun houses to palatial mansions on massive lots. Louisville real estate has that same variety.
My goal in this 2101 Year in Review is to provide you with more useful … (0 comments)

Passive House Home Building Standard Gaining Support - 12/19/10 05:57 PM
We’ve written about energy efficient home building in the past. Most recently with our review of last year’s Homearama and also with a post entitled Is Your Next Louisville Home ‘Green’?
I just finished reading this cnet piece about Passive House and how their efforts have raised the bar in energy efficiency and building eco-friendly structures. The process hasn’t caught on in the United States like it has in Europe with their 20,000 certified Passive House buildings.
Here's an excerpt:
By lowering the energy demand, architects can equip homes with much smaller heating and cooling equipment. Homeowners, meanwhile, benefit from … (0 comments)

Louisville Home Prices Down, Up Depending on Source - 12/17/10 12:13 PM
Handling data can be a tricky business. This famous quote was directed at how numbers can be manipulated—"There are three kinds of lies: lies, damned lies, and statistics." With that in mind, I try very hard to present all the information in an unbiased manner and let you make up your mind about how that affects your personal situation in regard to housing here in Louisville. CoreLogic is an organization that follows and reports on the real estate markets in the United States, including Louisville, KY. Their most recent report states:
In Louisville-Jefferson County, home prices, including distressed sales, declined by … (0 comments)

Helpful Advice on Managing Your Contractor - 12/16/10 10:43 AM

From time to time, people contact me with articles or concepts for stories that they think might appeal to my readers here at Louisville Homes Blog. Generally speaking, most are not truly useful. But recently I was contacted a gentleman who wrote 20 Common Ways to Spot If Your Contractor isn’t Complying with Building Codes. After reading his work, I thought this would be great for someone currently interviewing contractors. Here are his first five warning signs:
1. You are using a contractor who is unlicensed 2. Your contractor refuses to give you insurance policy or license numbers to verify … (0 comments)

Louisville Wins International Award for Being Best City for Events and Festivals - 12/08/10 05:58 PM
Business First is reporting that the International Festivals & Events Association will award the inaugural World Festival & Event City Award to Louisville on Friday.
Louisville is being honored as the top city in North America for supporting festivals and special events, in the over 1 million population category.
The Kentucky Derby Festival people are big contributors but other events, and there a lot of them, all factor into our great city winning this award. Be proud Louisville!
… (0 comments)

Louisville Housing Report: November 2010 - 12/08/10 03:01 PM
 
The 1-year trendline (red) is a point of encouragement in an otherwise down housing market. While sales have been extremely disappointing, especially during the second half of 2010, Louisville home owners can take heart knowing that their home values are trending upward.
In fact, according to data from the Greater Louisville Association of Realtors (GLAR) the median price of a Jefferson County home sold in November, 2010 is $130,000. That's up from $132,275 one year before.
It'll be interesting to see how prices react, if and when transactions start to pick up in the Spring. As always, if you have … (0 comments)

Sold Properties in Springhurst, Louisville KY: November 2010 - 12/07/10 01:42 PM
Here are the sold properties in Springhurst, Louisville KY for the month of November 2010.
11/1/10 – 9816 CALAMAR CT – $260,00011/4/10 – 9621 MOORFIELD CIR – $430,00011/16/10 – 3910 KEAL RUN WAY – $447,000
If you’re interested in the current homes for sale in Springhurst just visit my Web site.
If you’d like a complimentary Current Market Analysis (CMA) of your Springhurst home, please contact me today!
… (0 comments)

Home Sale Prices in Springhurst: November 2010 - 12/07/10 01:34 PM

Springhurst home prices received a little bump in November compared to October. This continues and upward trendline for home values in this great neighborhood.
If you’d like to see what is currently listed, Springhurst homes for sale will show you.
Or, if you want more in-depth data for Louisville Area 9 median home prices and sales please visit the link to LHB. (Springhurst is part of Area 9 in our MLS.) Have a great month!
… (0 comments)

Housing Market Report: Louisville KY Area 21: November 2010 - 12/06/10 11:15 AM

Unlike Area 21, home prices in this area are down big in November while it's encouraging to the number of homes sold beat the previous year, even as other areas are mostly down.
Market report for Area 21 in Louisville, KY for period ending November 2010.
This report is published Monthly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 20: November 2010 - 12/06/10 11:12 AM

Between the two Oldham County MLS Areas, #20 has been outperforming #21. While both have been lagging behind 2009 numbers for sale, home prices north of I71 continue their upward trend.
Market report for Area 20 in Louisville, KY for period ending November 2010.
This report is published Monthly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
 
… (0 comments)

Housing Market Report: Louisville KY Area 9: November 2010 - 12/06/10 11:09 AM

Area 9 home prices are still trending upward and are some of the strongest in the city. As for homes sold, transactions lag behind the previous year since June.
Market report for Area 9 in Louisville, KY for period ending November 2010.
This report is published Monthly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 8: November 2010 - 12/06/10 11:06 AM

After a pretty healthy rise in home prices this past month has level off for Area 8. Sales were stronger than the rest of our MLS area but still slightly behind the previous year.
Market report for Area 8 in Louisville, KY for period ending November 2010.
This report is published Monthly. Statistics come from the Greater Louisville MLS.
Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 7: November 2010 - 12/03/10 10:28 AM

The home value trendline for this area is almost completely flat after a small increase a year ago. Home sales also lag behind previous year levels for Area 7.
Market report for Area 7 in Louisville, KY for period ending November 2010.
This report is published Monthly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 6: November 2010 - 12/03/10 10:25 AM

This area is watching home value decreasing since mid-year. After a terrible October, November rebounded only slightly. The number of homes sold is also much lower than 2009 levels.
Market report for Area 6 in Louisville, KY for period ending November 2010.
This report is published Monthly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 3: November 2010 - 12/03/10 10:22 AM

This area boasts a very healthy trend of home prices moving upward. Even trending past $200k! This is one of the two areas in our monthly report group where 2010 beat 2009 for November.
Market report for Area 3 in Louisville, KY for period ending November 2010.
This report is published Monthly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 2: November 2010 - 12/03/10 10:16 AM

This area saw a huge jump in values but as expected, but as you can see from the chart, sale volume remains depressed when compared to previous year. 
Market report for Area 2 in Louisville, KY for period ending November 2010.
This report is published Monthly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

Louisville Real Estate Winners and Losers in 2010 - 12/01/10 01:08 PM

Is he looking back on 2010? Or looking ahead to see if Louisville real estate in 2011 will resemble a field of flowers?
Today is the first day of December. 2010 is almost complete. Thoughts naturally turn reflective. With all the talk of the recession and its apparent end, how did Louisville real estate in 2010 perform? How did it compare with previous years? More importantly, in any given market, which groups benefited from current market conditions and which lost out? With that in mind, let's look at Louisville's winners and losers in the world of real estate!
2010 Louisville … (1 comments)