Articles and News about Residential Real Estate

Top 10 Wealthiest Zip Codes in Louisville – #7 Simpsonville, KY 40067

Each Friday we’ll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Our #7 wealthiest ZIP in Louisville today is 40067, located on the Eastern edge of Louisville. Almost 45 square miles, homes in this area generally have very large lots and a healthy dose of privacy.

Photo of a home in Simpsonville, KY
Wide open spaces mark this ZIP code, very rural living. Simpsonville is part of it but not nearly all.

Average Household Income: $100,027
Average/Median Home Value: $364,949/$228,947
Number of Homes over $1M: 102
Source: BusinessFirstofLouisville.com

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Top 10 Wealthiest Zip Codes in Louisville – #8 Fisherville, KY 40023

Each Friday we’ll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Today, the 8th wealthiest ZIP code by Average Household Income is 40023 or Fisherville. 40023 is only about 20 square miles. A very rural setting but still in Jefferson County and close to Jeffersontown.

Large lots with a healthy dose of privacy characterize homes in and around Fisherville.

Average Household Income: $99,667
Average/Median Home Value: $317,252/$259,173
Number of Homes over $1M: 23
Source: BusinessFirstofLouisville.com

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Top 10 Wealthiest Zip Codes in Louisville – #9 Crestwood, KY 40014

Each Friday we’ll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Today, the 9th wealthiest ZIP code in Louisville is just outside Jefferson County to the northeast in Oldham County. 40014 is approximately 57 square miles large and has a number of very nice neighborhoods.

Photo of a home in Crestwood KY
Homes like this one in Summerfield by the Lake highlight what amazing properties live in Crestwood.

Average Household Income: $98,119
Average/Median Home Value: $261,421/$230,956
Number of Homes over $1M: 22
Source: BusinessFirstofLouisville.com

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Top 3 Real Estate Myths for Louisville Home Sellers

Note: This is the first of a 3-part series on real estate myths. There are many misconceptions when it comes to buying and selling Louisville real estate that I believe we can correct. If you have more specific questions, feel free to contact me.

Photo of a homes front door
Replacing the front door on a home is still considered the best home improvement to get a greater return than the investment.
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Top 10 Wealthiest Zip Codes in Louisville – #10 Floyds Knobs, IN 47119

Each Friday we’ll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Today,
the 10th wealthiest ZIP code in Louisville isn’t actually in Kentucky, it’s in Indiana. 47119 is approximately 41 square miles, just across the bridge, you know… the broken bridge?

Photo of a home in Floyds Knob IN
This Floyds Knobs home has acres of wide open spaces but is still just minutes from downtown Louisville.

Average Household Income: $94,010
Average/Median Home Value: $241,119/$186,330
Number of Homes over $1M: 36
Source: BusinessFirstofLouisville.com

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Basic Checklist for Buying a Louisville Condo

Here is a very basic checklist that you should use before buying a Louisville condo. This checklist should be put together before looking at any units and making a decision based on emotion instead of logic. By sticking to this checklist you be able to find the perfect condo that you love and meets all of your criteria.

Photo of a high-end kitchen in a condo
Buying a Louisville condo isn’t the same as buying a Louisville single-family home. It’s important to understand the differences.
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Nation Turns Corner, Louisville Foreclosures Still Trailing Behind

Mark Twain popularized this famous quote, “There are three kinds of lies: lies, damned lies, and statistics.” By their very nature, numbers can be manipulated to show many results, even opposing ones, and still be factually accurate.

Photo of a house made of money - Nation Turns Corner, Louisville Foreclosures Still Trailing Behind
Your home may not be made of money but it certainly represents it. Louisville foreclosures are still a big problem in the housing market.
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Louisville Real Estate – Understanding Square Footage

If you are purchasing Louisville real estate, or are putting your property up for sale, you may not understand how square footage is calculated in the home. A real estate agent will be calculating the square footage for you if you’re selling your home, and there are some parts of the house that may not be included in the calculations.

Photo of a homes in Heather Green Buckner KY
Understanding square footage begins with professional measuring. The PVA data may or may not be accurate.
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Housing Recession Brings Real Estate Wisdom Home

All we hear from news sources these days is the horrible condition of the housing market. They’re not wrong. The number of homes sold so far this year is acres behind 2010 and likely to arrive at 2009 levels.

Photo of a couple in front of their home
Putting more money down in the purchase of their home is more than just a smart decision, people have learned that it also brings peace of mind.
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Has the Louisville Real Estate Market Hit the Bottom?

It’s been widely reported that shady lending practices, greedy borrowers, and a general lack of wisdom (if not sneaky partisan policies) coming from our elected officials is what brought the housing crisis upon us.

Photo of flood waters rising on a home
Homeowners who owe more money than their home is worth are considered to be underwater or upside down. However, data does indicate that the number of distressed properties is shrinking for the first time since the housing recession began.
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Lower Your Property Taxes, Silver Lining to Home Values Decrease

I wrote a piece a couple of weeks back called, My Home Is Dropping in Value? In the piece, I pointed to data that showed while the National home value average dropped about 25% since the housing decline, Louisville homes actually gained 1.5%. I think it’s important that people know the truth about their home’s value.

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Homearama 2011 Review: Outside In Living

Homearama is my favorite Louisville real estate event of the year. The only thing better would be a surprise visit from HGTV to re-design a room in my house!

Photo of a street in Norton Commons, home of Homearama 2011
Norton Commons is a great setting for a home show! The people came out in droves to see Louisville’s latest new home designs.
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Horror Stories in Louisville Homes

Most of the time a home sale goes smoothly. The sellers want to sell, the buyers want to buy and a couple of Realtors have helped the process run like a well-oiled machine.

Photo from the movie titled The Money Pit
You surely want to avoid a money pit when buying your next Louisville home. This story will tell you how.

That’s the norm.

Then there are the real estate horror stories.

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