Louisville Homes ~ Area 8 Real Estate Market Report ~ August 09

By
Real Estate Agent with RE/MAX Alliance - Louisville REALTOR-Luxury Homes

Louisville Real Estate Market Report for Area 8 (40223, 40243, 40245)

This report analyzes property sales trends for Louisville homes over the last few months and versus the same time period last year.  The report includes number of Louisville homes sold, average listing price, average sales price, days on market (DOM), and current inventory as well as analysis for buyers and sellers.

Area 8 of the Louisville MLS covers homes for sale in Douglass Hills, Hurstbourne, Middletown as well as areas outside of the Gene Snyder expressway.  Zipcodes for this area include 40223, 40243, and 40245.  In addition to those already mentioned, some of the larger subdivisions in this area are Lake Forest, Locust Creek, Owl Creek and Polo Fields

See Also: Louisville Real Estate Map

Search for Louisville Homes

Louisville Real Estate Market Data

Louisville Market Report - Sales Price History

Louisville Market Report - DOM

 

Louisville Market Report

 

Louisville Market Report

Key Points

  1. Another solid month of sales!  At the beginning of the year, sales were off 30% from last year.  During the last the months, the number of homes sold in this area of Louisville is only down by 10%.  Clearly confidence is returning to the Louisville housing market.  This area has been a little slower to recover as prices tend to exclude first-time home buyers.  However, as more trade-up consumers enter the market, sales will continue to improve.  Area 8 is a highly desirable section of Louisville and a good number of people are activiely looking to buy here.   
  2. In these rapidly changing times, property valuation is critical and expertise is essential.  Sellers need to find a Louisville real estate agent who can help them price, prepare, and promote their home correctly.  Buyers also need a local expert who can help them find the ideal home and achieve a successful closing.  
See Also:
Why Choosing the Right Agent Matter When Selling Your Home
How to Sell a Louisville Home
How do Buyer's Agents Get Paid?

Additional Market Reports (July 09)

First Time Home Buyer Tax Credits for Louisville Home Buyers

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Erik Hitzelberger is a licensed REALTOR with RE/MAX Alliance in Louisville. If you need a Louisville Real Estate agent please email me or call 502.921.3989.

I specialize in the following areas of the Metro Louisville Area: Prospect, Middletown, Jeffersontown (J-Town), Fern Creek, Okolona, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley.  Click the following links to learn more about Louisville and Bullitt County Real Estateor to Search for Louisville Homes 

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Comments (7)

Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Erik as usual you are doing a great job keeping everyone in your area up to speed on the latest Real Estate trends!

Sep 13, 2009 12:55 PM
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Your market reports are always clear and colorful.

Also, it sounds like your market is really beginning to move, which requires a truly knowledgeable agent like you to guide them through the buying and selling process.

Sep 13, 2009 03:45 PM
Erik Hitzelberger
RE/MAX Alliance - Louisville REALTOR-Luxury Homes - Louisville, KY
Louisville - Middletown Real Estate

Bill - Thanks.  Hopefully it helps.

Christine - Things really are heating up.  We aren't (and won't be) back to 2007 levels.  But, I'm confident the worst is behind us.

Sep 13, 2009 04:00 PM
Kristin Moran
Owner - RE/MAX Access - KristinMoran@Remax.net - San Antonio, TX
San Antonio,TX - Real Estate - 210-313-7397

You make the rest of us feel bad Erik!  Ok, maybe just me....I need to get back on my market reports.  Great job!! 

Sep 14, 2009 01:59 AM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Pretty reports :)  That pool looks so inviting!  Do you think there will be some last minute shoppers that may burn off some of that inventory?

Sep 14, 2009 02:35 PM
Erik Hitzelberger
RE/MAX Alliance - Louisville REALTOR-Luxury Homes - Louisville, KY
Louisville - Middletown Real Estate

Kristin - I have every confidence that your clients are well-versed on San Antonio market conditions.

Renee - I hope sales pick up.  But, around here few first time home buyers shop in this price range.  Most of these homes will be bought as 2nd or 3rd homes.

Sep 14, 2009 04:07 PM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Erik -- a nice report and I hope that the market continue to show strength.

Sep 15, 2009 05:28 AM