Louisville Home Sale Trends for 2014

We're tracking a hot selling marke for 2014

Here are some highlights:

1)      As of this morning there were 5922 homes on the market, fewer than in years past.

2)      There are more buyers actively searching for homes than we've seen in years past. That's due in part to confidence in the economy, interest rates remaining fairly stable and people between the ages of 25 and 35 coming into the marketplace to buy their first home.

3)      Much of the east side of Louisville is red-hot when it comes to selling a home. But, the home has to be in good condition, staged correctly(that means no junk lying around, countertops cleaned of clutter and furniture laid out to take advantage of the room size) and price. In fact the homes that sold the fastest are actually priced a little below fair market value. Where personally seeing multiple offers come in on one property raising the price above market value.

4)      Overprice a house by even $5000 and the home could sit for an extended period of time.

5)      Single-family homes are continuing to outsell condos.

6)      High-end pictures and videos are more important than ever when it comes to promoting a home, buyers will almost demand better pictures to see what a room looks like.

Property Type Year to Date Activity Report

For 01/01/2014 To 3/24/2014

Property Type

Area

Current Active

New

Pend

Sold

Sold Volume

Average Sales Price

DOM

CDOM

% Of List

Coop Sales

Coop Volume

Expr

Withdrawn

Residential

00-Central Downtown District/Old Louisville

93

60

19

17

3,027,450

178,085

135

221

89.0

15

2,662,200

12

0

Residential

01-Dtwn Old Louisville/Shively/West Lou

356

286

93

139

6,586,506

47,385

112

153

96.8

117

5,919,654

82

6

Residential

02-Buchertwn/Hghlnds/Germantwn

226

263

101

135

27,315,983

202,341

62

95

27,874.8

122

23,864,418

37

6

Residential

03-Clifton/Crescent Hill/St Matthews

227

240

87

125

32,202,495

257,620

73

121

96.1

114

30,157,830

37

4

Residential

04-Pleasure Rdg/Valley Station/Shively

314

293

119

142

11,888,615

83,723

89

131

95.6

122

10,533,415

62

7

Residential

05-Auburndale/Fairdale/IroquoisPrk/Shively

385

314

116

128

11,989,828

93,671

97

146

92.8

103

9,352,428

76

9

Residential

06-Buchel/Hghvw/okolona/FernCreek

532

484

239

256

31,343,805

122,437

90

128

96.5

237

29,322,895

88

11

Residential

07-FernCreek/Hikes Point/Jeffersontown

475

504

213

221

37,844,020

171,240

78

115

95.8

199

33,395,595

70

7

Residential

08-DglasHls/Hurstbrn/Mdltwn/Anchrg/StMatt

396

363

122

161

44,834,054

278,472

86

127

96.7

141

38,649,389

43

6

Residential

09-Anchrg/Glnvw/Lyndn/Prospct

388

354

157

164

41,237,839

251,450

84

124

242,427.9

146

35,332,114

57

5

Residential

10-Nelson County

271

152

45

76

9,651,400

126,992

127

167

166,542.7

56

7,142,600

60

6

Residential

11-Bullitt County

405

350

149

142

21,054,621

148,272

101

134

97.6

121

17,495,480

69

8

Residential

12-Other Counties

273

97

33

55

6,443,800

117,160

157

204

90.7

35

4,102,200

71

1

Residential

13-Indiana

59

43

9

15

2,451,350

163,423

101

121

97.0

7

1,300,350

17

2

Residential

15-Carroll County

44

22

8

4

254,000

63,500

156

245

90.0

1

115,000

21

0

Residential

16-Hardin County

352

231

75

81

12,721,629

157,057

141

177

114.7

63

10,317,029

57

5

Residential

17-Hart/LaRue Counties

31

10

2

8

644,750

80,594

153

194

87.8

4

282,750

7

0

Residential

18-Washington/Marion Counties

8

8

2

2

232,500

116,250

125

165

94.6

2

232,500

1

0

Residential

19-Spencer County

115

78

38

26

4,440,118

170,774

120

169

95.7

23

4,100,318

20

1

Residential

20-Oldham County N171

246

169

64

56

16,955,613

302,779

109

172

95.7

52

15,058,113

32

4

Residential

21-Oldham County S-171

175

158

67

68

15,017,080

220,839

97

135

97.1

61

12,971,080

29

3

Residential

29-Henry County

113

56

24

27

3,172,571

117,503

158

237

91.2

18

1,945,950

20

1

Residential

30-Shelby County

290

192

78

99

17,900,260

180,811

121

214

95.1

83

13,749,360

51

5

Residential

31-Meade County

125

65

23

28

3,275,369

116,977

119

149

92.4

18

1,929,269

27

8

Residential

34-Trimble County

42

15

5

9

625,109

69,457

255

320

93.8

4

265,599

10

0

Subtotal

5941

4807

1888

2184

363,110,765

166,260

99

143

25,838.0

1,864

310,197,537

1057

105

MultiFamily

00-Central Downtown District/Old Louisville

14

8

3

0

 

 

131

188

 

0

 

2

0

MultiFamily

01-Dtwn Old Louisville/Shively/West Lou

63

27

5

10

1,239,900

123,990

172

231

94.6

8

874,300

17

0

MultiFamily

02-Buchertwn/Hghlnds/Germantwn

16

18

10

4

916,000

229,000

74

93

92.3

3

596,000

2

0

MultiFamily

03-Clifton/Crescent Hill/St Matthews

2

4

1

4

1,170,100

292,525

83

99

85.7

3

890,100

3

0

MultiFamily

04-Pleasure Rdg/Valley Station/Shively

4

2

0

0

 

 

128

256

 

0

 

2

1

MultiFamily

05-Auburndale/Fairdale/IroquoisPrk/Shively

19

12

1

3

230,500

76,833

115

153

98.0

2

183,000

2

0

MultiFamily

06-Buchel/Hghvw/okolona/FernCreek

3

3

1

1

120,000

120,000

178

184

92.4

1

120,000

5

0

MultiFamily

07-FernCreek/Hikes Point/Jeffersontown

6

3

0

2

276,475

138,238

100

100

3,973,794.9

1

197,000

1

0

MultiFamily

10-Nelson County

4

3

0

2

197,000

98,500

131

131

98.6

2

197,000

5

0

MultiFamily

11-Bullitt County

6

0

0

0

 

 

303

303

 

0

 

1

0

MultiFamily

12-Other Counties

3

0

0

0

 

 

140

140

 

0

 

0

0

MultiFamily

13-Indiana

1

0

0

0

 

 

255

255

 

0

 

0

0

MultiFamily

15-Carroll County

2

1

0

0

 

 

53

53

 

0

 

0

0

MultiFamily

16-Hardin County

16

13

0

0

 

 

136

163

 

0

 

0

0

MultiFamily

19-Spencer County

1

0

0

0

 

 

133

133

 

0

 

0

0

MultiFamily

30-Shelby County

11

8

0

1

15,000

15,000

99

148

68.2

0

 

2

0

MultiFamily

31-Meade County

4

2

0

0

 

 

107

107

 

0

 

0

0

MultiFamily

34-Trimble County

2

1

0

1

17,000

17,000

120

120

77.6

1

17,000

0

0

Subtotal

177

105

21

28

4,181,975

149,356

135

173

283,927.8

21

3,074,400

42

1

Land/Lots

00-Central Downtown District/Old Louisville

6

0

2

0

 

 

221

283

 

0

 

1

0

Land/Lots

01-Dtwn Old Louisville/Shively/West Lou

29

12

1

0

 

 

141

174

 

0

 

2

0

Land/Lots

02-Buchertwn/Hghlnds/Germantwn

1

1

0

0

 

 

54

439

 

0

 

0

0

Land/Lots

03-Clifton/Crescent Hill/St Matthews

7

1

0

1

625,000

625,000

489

581

90.7

0

 

0

0

Land/Lots

04-Pleasure Rdg/Valley Station/Shively

24

6

3

0

 

 

246

381

 

0

 

4

0

Land/Lots

05-Auburndale/Fairdale/IroquoisPrk/Shively

66

12

1

1

29,463

29,463

613

741

73.7

0

 

7

0

Land/Lots

06-Buchel/Hghvw/okolona/FernCreek

69

12

3

1

8,750

8,750

226

288

39.8

1

8,750

15

0

Land/Lots

07-FernCreek/Hikes Point/Jeffersontown

127

63

3

5

223,850

44,770

189

266

92.0

3

122,400

8

0

Land/Lots

08-DglasHls/Hurstbrn/Mdltwn/Anchrg/StMatt

69

13

2

17

1,156,000

68,000

376

438

63.0

1

80,000

2

0

Land/Lots

09-Anchrg/Glnvw/Lyndn/Prospct

189

39

8

17

3,546,750

208,632

181

239

147.5

7

1,135,900

1

1

Land/Lots

10-Nelson County

141

21

3

9

218,500

24,278

661

807

84.1

1

12,500

22

0

Land/Lots

11-Bullitt County

322

43

13

11

459,000

41,727

482

641

79.3

6

155,000

35

0

Land/Lots

12-Other Counties

308

92

5

8

388,759

48,595

294

355

79.1

1

5,000

27

0

Land/Lots

13-Indiana

30

1

1

0

 

 

200

204

 

0

 

2

0

Land/Lots

14-Other States

11

0

0

0

 

 

192

192

 

0

 

0

0

Land/Lots

15-Carroll County

8

1

0

0

 

 

178

241

 

0

 

1

0

Land/Lots

16-Hardin County

111

26

2

3

318,500

106,167

329

423

76.0

1

270,000

20

0

Land/Lots

17-Hart/LaRue Counties

21

6

0

2

156,000

78,000

303

314

89.9

0

 

11

0

Land/Lots

18-Washington/Marion Counties

9

3

0

0

 

 

213

279

 

0

 

2

0

Land/Lots

19-Spencer County

338

164

5

9

481,500

53,500

197

386

86.3

7

384,500

55

1

Land/Lots

20-Oldham County N171

184

37

6

7

932,900

133,271

468

694

85.2

4

307,900

31

1

Land/Lots

21-Oldham County S-171

177

15

3

3

151,400

50,467

1,458

1,628

93.4

3

151,400

10

0

Land/Lots

29-Henry County

83

13

2

1

115,000

115,000

482

584

85.2

0

 

10

0

Land/Lots

30-Shelby County

268

75

8

22

1,074,880

48,858

348

471

85.9

14

686,330

45

0

Land/Lots

31-Meade County

86

18

1

3

349,741

116,580

421

491

85.5

0

 

8

2

Land/Lots

34-Trimble County

32

9

0

2

276,500

138,250

330

381

94.2

1

260,000

7

0

Land/Lots

Trimble Co

1

0

0

1

463,500

463,500

592

592

96.2

0

 

0

0

Subtotal

2717

683

72

123

10,975,993

89,236

409

530

90.1

50

3,579,680

326

5

Rental

00-Central Downtown District/Old Louisville

15

8

0

5

 

 

69

69

 

1

 

2

0

Rental

01-Dtwn Old Louisville/Shively/West Lou

19

19

0

5

 

 

42

66

 

0

 

1

1

Rental

02-Buchertwn/Hghlnds/Germantwn

25

17

0

8

1,750

1,750

58

77

100.0

1

 

2

0

Rental

03-Clifton/Crescent Hill/St Matthews

22

20

1

13

0

0

50

91

0.0

0

 

2

0

Rental

04-Pleasure Rdg/Valley Station/Shively

4

1

0

0

 

 

79

79

 

0

 

2

0

Rental

05-Auburndale/Fairdale/IroquoisPrk/Shively

12

5

0

2

 

 

90

90

 

0

 

0

0

Rental

06-Buchel/Hghvw/okolona/FernCreek

18

11

0

4

665

665

27

27

100.0

0

 

0

1

Rental

07-FernCreek/Hikes Point/Jeffersontown

12

13

0

9

 

 

44

50

 

1

 

1

1

Rental

08-DglasHls/Hurstbrn/Mdltwn/Anchrg/StMatt

30

20

0

6

 

 

50

50

 

1

 

1

0

Rental

09-Anchrg/Glnvw/Lyndn/Prospct

19

20

1

7

 

 

45

48

 

0

 

4

0

Rental

10-Nelson County

2

1

0

0

 

 

88

88

 

0

 

0

0

Rental

11-Bullitt County

4

6

0

4

 

 

44

44

 

0

 

0

0

Rental

12-Other Counties

1

0

0

0

 

 

 

 

 

0

 

0

0

Rental

13-Indiana

0

1

0

0

 

 

4

4

 

0

 

0

0

Rental

16-Hardin County

3

12

0

5

 

 

15

15

 

0

 

0

0

Rental

17-Hart/LaRue Counties

1

1

0

0

 

 

41

41

 

0

 

0

0

Rental

19-Spencer County

3

1

0

0

 

 

52

52

 

0

 

0

0

Rental

20-Oldham County N171

7

2

0

1

 

 

66

66

 

0

 

0

0

Rental

21-Oldham County S-171

10

6

0

5

 

 

63

63

 

0

 

0

0

Rental

29-Henry County

1

1

0

1

650

650

 

 

100.0

0

 

0

0

Rental

30-Shelby County

11

3

0

2

1,850

925

58

58

100.0

0

 

1

0

Rental

31-Meade County

1

2

1

0

 

 

14

14

 

0

 

0

0

Subtotal

220

171

3

77

4,915

819

50

60

83.3

4

 

16

3

Totals

9055

5766

1984

2412

378,273,648

161,586

154

211

27,508.2

1,939

316,851,617

1441

114

 

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