Posts about Real Estate Trends or Real Estate Statistics

Most Expensive Louisville Homes in 2016

During the course of 2016, there were 17,882 properties sold via our MLS system. 15,725 of these were your standard, single-family residences (SRF)… the rest fall under different structural varieties.

Out of this vast array of Louisville real estate properties, just 44 sold for $1,000,000 or more. 34 of these most expensive Louisville homes were SFRs, then 6 farms, 3 condos, and 1 controversial property finally sold via auction.

For this piece, let’s focus on the most incredible homes that traded hands last year. Who’s with me? Want to know which was the most expensive home sold in 2016? Here we go!

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Louisville Mortgage Rates and Your Home Purchase

Mortgages are highly specialized financial products. The actual interest rate you pay will be based on a number of factors. The following are sure to be part of the picture:

Photo of home in Monticello Place Louisville KY. | Photo by Tre Pryor
Louisville mortgage rates play a large role in determining how much home you can ultimately purchase. | Photo by Tre Pryor.
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Kentucky Population Changes: Where Do We Come From?

Thoughts come to me from all directions. No seriously, out of the ether. They also arrive at all times, even when I’m sleeping. I dream of showing crazy homes to my clients or building a new house with my wife or practically anything.

Photo of a Welcome to Kentucky sign | Kentucky Population Changes

The other day I thought, “I wonder if the Internet knows where most of the people who are living here in Kentucky came from?” Sure enough, that information is out there, if you hunt for it.

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Must-Have Home Features for 2016

Even if you just bought your new home, odds are you still have an eye on those home features that got away. For whatever reason, we all constantly want more.

Photo of a great fireplace in a beautiful home.
The fireplace has always been a desired feature, but this year it made it to the top of the “must have” list of home features.
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Louisville New Construction Home Prices in 2015

We hear it all the time. Louisville new construction prices just keep going up, up, up! I’m looking at the numbers and it appears that this is the case.

Photo of a Louisville new construction home in Norton Commons
Since its launch, Norton Commons has led our city with the highest price per square foot for Louisville new construction.
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Top Return on Your Investment Home Improvement Projects in 2015

For years, I’ve been tracking and publishing data on which home improvement projects give you the best bang for your buck. The National Association of Realtors (NAR) performs surveys each year they call their Cost vs. Value reports.

Photo of a young couple with their new house. smiling
If you think replacing your front door will be a good investment, you’re wrong. It’ll be a great investment! Year after year, it ranks at the top of NAR’s survey results.
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Most Affordable Cities To Live, Think Louisville

The smart people over at Forbes sorted through the Top 100 largest Metropolitan Statistical Areas (MSAs) and Metropolitan Divisions (MDs) to find which are the most affordable cities to live in the U.S. Each has a population of 600,000 plus, so no small towns, which likely would have lapped the field in this contest.

Photo of the Louisville Kentucky riverfront on the Ohio River
Louisville has so much going for it. Now we’re super affordable? Get out!
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Drop in Unemployment Could Mean Increased Louisville Home Sales

Back in 2011, something occurred to me. It seemed that both national experts weren’t giving unemployment much weight when it came to analyzing home sales. It appeared a reasonable enough premise to research, so I did what I normally did… I jumped right in!

Louisville Unemployment Chart

Louisville Unemployment chart, 2006-2014
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Louisville KY Foreclosures Map Updated through August

It’s been quite some time since everyone was up in arms about how many foreclosures there were and how they were affecting all Louisville real estate transactions. But it hasn’t really been that long ago, maybe 3 years?

Louisville KY foreclosures map for August 2014
The picture just keeps getting better as foreclosures in Louisville continue to decline.
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Top 10 Real Estate Trends For 2014

The last few years have brought significant changes in the housing sector. Right now, the economy is on the rise and the real estate market is becoming more dynamic, helping buyers and sellers to enjoy a range of available housing options. What’s in store for professionals in the real estate sector?

Photo of homes that reflect current real estate trends in cities like Denver
Larger cities, like Denver (above), are seeing greater increases in population than smaller ones.
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Greatest Places to Live in America Picks Louisville!

It appears more and more are taking note of all the great things we’ve got going on here in Louisville, Kentucky. So great, they’re making lists of the Greatest Places to Live in America and Louisville came in at #8. Wow!

Photo of main street in Middletown, Louisville, Kentucky
There’s so much to do outside in Louisville. From shopping to eating to playing and more, no wonder Outside magazine thinks Louisville is one of the greatest places to live in America!
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