Articles and News about Residential Real Estate
Retirement can be a wonderful time. The potential is there to relax and enjoy the rest of your life without the rigors and responsibilities of work. But before that happens, you must take a look at all of your options and “get your ducks in a row.”
So… what is the best way to maintain a vacant Louisville home while you are trying to sell it? Leaving a vacant home in Louisville up for sale can be very costly but it doesn’t have to be. You will still have to pay your taxes, mortgage payments, and other expenses. Generally speaking, it is always best to avoid selling a vacant property whenever possible.
Saving for your Louisville dream home should be just like saving for any other big purchase. Start putting money aside each day. Be proactive! Whenever the time comes to start…
Note: This is the second of a 3-part series on real estate myths. There are many misconceptions when it comes to working with Louisville real estate agents that are valuable to understand. If you have more specific questions, feel free to contact me.
Updated: 2/3/2012. Thanks to Chris Cox who found a calculation error.
Many held high hopes for an improving real estate market heading into 2011. Well, maybe that’s an exaggeration but there were some signs that the housing recession was lessening and perhaps we would all see improvement in 2011. In most locations, that didn’t occur. But it did in some!
Today is our final Friday covering the wealthiest ZIP codes in Louisville, Kentucky. Drumroll please *ratta tat tat* The #1 wealthiest ZIP code in Louisville is 40025! With only about 130 addresses in this area, it’s a very exclusive and affluent part of Louisville.
(more…)Average Household Income: $186,271
Average/Median Home Value: $571,386/$400,000
Number of Homes over $1M: 15
Source: BusinessFirstofLouisville.com
If you’re thinking about buying a condo in Louisville you should take some steps to dig deep and find out more about the unit and the association. On the surface, everything can look fine, even when there is trouble brewing below. Here are some things you can do to really find out what’s happening in the condo community you are interested in.
Each Friday we’ll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Today, the 2nd wealthiest ZIP code in Louisville is 40059, also known as Prospect. Located in the Northeast portion of Louisville, spanning both Jefferson and Oldham County.
(more…)Average Household Income: $170,842
Average/Median Home Value: $448,326/$373,141
Number of Homes over $1M: 286
Source: BusinessFirstofLouisville.com
Each Friday we’ll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Today, the 3rd wealthiest ZIP code is 40022 and is primarily made up of Finchville, KY. This area is the very definition of rural with almost no typical neighborhoods. But instead, wide-open spaces and lots of scenic nature.
(more…)Average Household Income: $141,588
Average/Median Home Value: $405,123/$287,500
Number of Homes over $1M: 25
Source: BusinessFirstofLouisville.com
Although there are some who believe that the housing recession has passed, it has had a major effect on real estate throughout the country. The purpose of this article is to see how the down market is changing home design trends going forward, in particular in 2012.
Each Friday we’ll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Today, we’re looking at the #4 wealthiest ZIP code in Louisville, 40245. This ZIP is about 33 square miles just east of the Gene Snyder Expressway between I64 and I71.
(more…)Average Household Income: $113,663
Average/Median Home Value: $366,348/$301,795
Number of Homes over $1M: 265
Source: BusinessFirstofLouisville.com
2011 was a busy year. In fact, despite the market being down again here in Louisville (see this handy dandy chart that compares Jefferson County monthly home sales back the previous 6 years) I actually had my best year yet. Yeah me!
I work very hard to bring the home buyers and sellers of Louisville unbiased and useful information here at Louisville Homes Blog. (Now part of TrePryor.com) At the same time,…
Each Friday we’ll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Today we’re posting the 5th wealthiest ZIP, 40026, a 30 square mile area in Oldham County, about 10 miles to the northeast of Louisville.
(more…)Average Household Income: $107,711
Average/Median Home Value: $277,365/$217,167
Number of Homes over $1M: 24
Source: BusinessFirstofLouisville.com
Each Friday we’ll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Today’s is 40241 and it comes in at the #6 wealthiest ZIP in Louisville. You know what else? It’s also my home! The sad part is that our household is likely bringing the average down.
(more…)Average Household Income: $100,750
Average/Median Home Value: $261,352/$228,316
Number of Homes over $1M: 52
Source: BusinessFirstofLouisville.com