{"id":1589,"date":"2018-01-30T22:11:36","date_gmt":"2018-01-30T22:11:36","guid":{"rendered":"https:\/\/www.trepryor.com\/blog\/?p=1589"},"modified":"2023-09-08T15:37:48","modified_gmt":"2023-09-08T15:37:48","slug":"almost-30-gains-louisville-home-values-past-decade","status":"publish","type":"post","link":"https:\/\/trepryor.com\/blog\/almost-30-gains-louisville-home-values-past-decade\/","title":{"rendered":"Almost 30% Gains in Louisville Home Values in Past Decade"},"content":{"rendered":"

A friend of mine shared this story about how California home prices are hitting their highest point recently. As I was reading, I thought, “Yeah, so have we here in Louisville.” Immediately, my next thought was, “I wonder how Louisville Home Values match up?”<\/p>\n

\"Photo<\/a>
Louisville home values have changed a great deal in the past decade but maybe not the way you might have imagined. | Photo: Tre Pryor<\/figcaption><\/figure>\n

Well… that’s the easy part.<\/p>\n

First, I grabbed the chart from the California story.<\/p>\n

\"California<\/a>
As you can see, this chart goes back to 2007, a few years before the housing crisis.<\/figcaption><\/figure>\n

Louisville Home Values: 2007-2017<\/h2>\n

Then, I went to collect all the same data for Louisville, Kentucky. Going a step further, I wanted to see both Average Home\u00a0Sale Prices, as well as, Median Home Prices. Why not, right?<\/p>\n

<\/p>\n

I used the month of December for each year from 2007 through 2017. Nice round number and here’s what I discovered.<\/p>\n

\"Louisville<\/a>
Prices here in Louisville merely dropped while in other parts of the US they crashed!<\/figcaption><\/figure>\n

Our numbers are far more modest compared to California, right? I can’t imagine paying half a million dollars for such a basic property. We have it much better here in Louisville.<\/p>\n

Let’s analyze this chart. While Louisville home prices did drop in 2008-2009, they bounced back and gained all of that back by 2010. A second, unexpected drop occurred in 2011. It wasn’t until 2014 that things really took off.<\/p>\n

In California, it took 10 years to barely recover the values lost during the housing recession. Here in Louisville, we went from a median home sale price of\u00a0$131,000 in 2007 all the way up to\u00a0$169,900<\/span>\u00a0a decade later. Wow! That’s a 29.7% increase<\/strong>!<\/p>\n

When looking at Averages rather than Median sale prices, the numbers are still quite amazing. Going from\u00a0$168,138 to $213,340 gives us a return of\u00a0+26.9%.\u00a0 Most of this has occurred during the 4 years following 2013.<\/p>\n

Going Forward<\/h2>\n

I’m not sure our market is done yet either. With housing inventory at all time lows, prices will continue to rise.<\/p>\n

Are you looking for some stellar investment returns? Look no further than Louisville real estate. Seriously.<\/p>\n","protected":false},"excerpt":{"rendered":"

A friend of mine shared this story about how California home prices are hitting their highest point recently. As I was reading, I thought, “Yeah, so have we here in Louisville.” Immediately, my next thought was, “I wonder how Louisville Home Values match up?” Well… that’s the easy part. First, I grabbed the chart from […]<\/p>\n","protected":false},"author":1,"featured_media":1593,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[682],"tags":[202],"class_list":["post-1589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trends-statistics","tag-louisville-home-values","entry","has-media"],"_links":{"self":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/1589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/comments?post=1589"}],"version-history":[{"count":5,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/1589\/revisions"}],"predecessor-version":[{"id":1608,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/1589\/revisions\/1608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/media\/1593"}],"wp:attachment":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/media?parent=1589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/categories?post=1589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/tags?post=1589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}