It’s been a while but it’s time to once again publish our most expensive areas in Louisville KY post. I write about the most expensive homes in Louisville Kentucky far more often but this go around, we’re going to focus on the areas, or more specifically neighborhoods where these grand homes reside. Are you ready? Let’s jump right in!
Methodology: Most Expensive Areas
To begin, let’s talk about how the calculations work. I’m looking at the actual data pulled from the Greater Louisville Association of Realtors of which I’m a member. First, I pull all the sold properties from the most recent year, in this case 2022. We’re only looking at homes in Jefferson County. These are single-family homes and not condos, multi-family homes, or vacant land listings.
Second, I pull homes that sold for $600,000 or more. In the previous versions of this post, I used $500,000 but with the recent inflation (in this case appreciation) I thought it was about time to increase our baseline. After all, we only want to look at the most expensive areas in Louisville KY which will obviously include only the best of the best. Then I export this data and start crunching the numbers.
Third, I only include neighborhoods that had at least three sold homes. Please note: Smaller neighborhoods are at a big disadvantage with this methodology but we have to draw the line somewhere.
A couple of caveats, sometimes an agent will mislabel the subdivision name. It happens, what can you do? Also, I include any “Estates” neighborhood with its sibling to make things simpler. For example, Glen Oaks Estates is joined in with Glen Oaks, or GlenOaks as some like to list it.
Findings: Most Expensive Areas
With all of that completed, we’re left with 423 homes in 52 Louisville neighborhoods or areas. Here are the most expensive areas in Louisville KY:
- Anchorage
- Asbury Park
- Beech Spring Farm
- Bellewood
- Bonnycastle
- Bridgepointe
- Castlewood
- Catalpa Farms
- Cherokee Gardens
- Cherokee Triangle
- Crescent Hill
- Derbyshire Estate
- Dove Point Estates
- Elmcroft
- Floyds Fork Estate
- Glen Oaks & Glen Oaks Estates
- Glenmary & Estates of Glenmary
- Glenview
- Glenview Acres
- Glenview Hills
- Glenview Springs
- Harrods Glen
- Highlands
- Hunting Creek & Estates of Hunting Creek
- Hurstbourne & Hurstbourne Estates
- Indian Hills
- Innisbrook
- Lake Forest & Lake Forest Estates
- Landis Lakes
- Landis Springs
- Little Spring Farm
- Locust Creek & Locust Creek Estates
- Maryhill Estates
- Mockingbird Valley
- Norbourne Estates
- Northfield
- Norton Commons
- Old Louisville
- Oxmoor Woods
- Polo Fields & Polo Fields Estates
- Ridgewood
- Rock Springs
- Rolling Fields
- Sanctuary Bluff
- Shakes Run
- Spring Farm Lake
- Springhurst & Estates of Springhurst
- Sutherland
- The Breakers at Prospect
- The Woods at Landherr
- Wolf Pen Springs
- Wolfcreek
That’s great and all, but you’re probably here to see what the top-tier, luxury neighborhoods in our city are, right? I’m glad you asked! That comes next.
Top 10 Most Expensive Areas in Louisville KY
Next, I averaged the sale prices of these homes that have sold in the past year. Great! Now, let’s count them down.
#10 Indian Hills
Sales over $600,000 in 2022: 16 | Average Sale Price: $1,063,407
#9 Elmcroft
Sales over $600,000 in 2022: 3 | Average Sale Price: $1,183,333
#8 Anchorage
Sales over $600,000 in 2022: 16 | Average Sale Price: $1,203,229
#7 Glenview Springs
Sales over $600,000 in 2022: 3 | Average Sale Price: $1,223,333
#6 Glenview
Sales over $600,000 in 2022: 3 | Average Sale Price: $1,249,667
#5 Bonnycastle
Sales over $600,000 in 2022: 4 | Average Sale Price: $1,260,500
#4 Cherokee Gardens
Sales over $600,000 in 2022: 7 | Average Sale Price: $1,368,021
#3 The Breakers at Prospect
Sales over $600,000 in 2022: 4 | Average Sale Price: $1,694,291
#2 Mockingbird Valley
Sales over $600,000 in 2022: 3 | Average Sale Price: $1,875,000
#1 Harrods Glen
Sales over $600,000 in 2022: 4 | Average Sale Price: $3,037,500
With all of the completed, we find the results are very similar to our 2017 Edition of Most Expensive Neighborhoods in Louisville Kentucky. For a little bit of contrast you can check out the 2013 Edition to see that the outcome was a bit different.
I hope you enjoyed this year’s post. And as always, if I can help you personally on your real estate journey, please contact me… I’m always happy to help!
