It appears that the asking price of condos in the J'Town area of Louisville, Ky are on the rise. If you look at the graph below, you will see data that I have charted for the past year. The black line shows weekly data points of the median asking price of condos in J'Town, while the gold line shows a rolling 90 day trend line for the same properties. As you can clearly see, it looks like we hit an inflection point sometime last month, and that prices have started moving up, at least a little bit. This runs a bit counter to homes prices in Louisville, as those continue their downward trend.
As an aside, I spoke recently with the developer and builder of a new construction condo project in J'Town, and he represents that his project has seen a recent spike in activity, which might line up well with the graph above. If you would like to see some pictures of the above mentioned project, of which I am not the listing agent, and are interested in Louisville J'Town Condos, please visit www.Magnolia-Place-Condos.com.
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