The asking prices of condos for sale in J’Town have been on a bit of a roller coaster over the past year, with a lot of ups and downs from week to week.  The black line on the graph below shows the weekly data points collected, and it seems that every week has a change of direction.  However, if we look at the gold line, which is 90 day rolling average, it tends to smooth out the weekly variations, and we can see a more steady up and down trend.

Jtown Condo Asking Prices

If you would like to see some pictures of a few J’Town condos for sale, please visit the website www.Magnolia-Place-Condos.com, which is a development owned by a friend of mine.  I  am not the listing agent, and if you like what you see, you are free to call the sales agent in charge, or simply call the builder.

A few months ago, we saw prices for J’Town condos sliding, with no end in sight.  However, over the past fews weeks, it looks like condo prices may have hit bottom, and in fact, are starting to rebound just a bit.

J'Town Condo Prices

This trend fits in very well with anecdotal evidence I have received from a friend who is a builder and developer of new construction condos in J’Town.  According to him, his project, which is located just off of Six Mile Lane, has really seen an increase in activity lately.  He has seen enough activity, and has sold enough units in his largest project, Magnolia Place Condos, that he is considering starting the second phase soon, which most builders would have considered insane just a year or two ago.

If you would like to see pictures of the property I just discussed above, please visit www.Magnolia-Place-Condos.com.  I host the website for the builder, and write an occasional article about the units, but I am not the listing agent.  If you want to make an appointment to see the units, you should contact the listing agent or broker.

It appears that the median price of condos for sale in J’Town is headed down, after weeks and weeks of heading down.  So that means that the prices are headed even further down.  Check out the graph below and you can see how continuously the prices have fallen over the past six months.

Louisville Real Estate - J'Town Condo Prices

As an interesting side note, I have a friend who has developed and built a condo project in J’Town, and has reported some pretty decent sales lately, which seems to be in contrast with a lot of other condo projects in Louisville.  I am not the listing agent for these properties, but am more than happy to pass along the info, just in case anyone out there is interested.  For pictures of these J’Town condos, visit www.Magnolia-Place-Condos.com.

If you have any questions about J’Town real estate, or Louisville real estate in general, please visit my website at www.GregFly.com.  Also, please feel free to call anytime or send me an email at greg@gregfly.com.

I have some great pictures available for a new construction J’Town condo development.  The Magnolia Place development, of which I am not the listing agent, is all brick and located just off of Six Mile Lane in J’Town.  A couple of friends of mine are the developers and builders, and I just wanted to pass along some of their info.  Most of the units are two bedrooms with a price around $125,000, which is well below the average price of condos for sale in J’Town.  If you would like more information, please visit their property website at www.Magnolia-Place-Condos.com.

As I’ve mentioned before, I have a friend who has built a new condo development in the J’Town area of Louisville, Ky.  And though I am not the listing agent, and don’t stand to make a cent from his success, I still like to check it out every once in a while and toot his horn for him!  He informs me that units continue to sell, and that activity has actually picked up in the last few months, even as the overall market has turned even a bit more sour.  I have included a graph or two about J’Town condos, and you can see how my friend is bucking the trend!

J'Town Area Condo Prices

Days On Market and Inventory Levels for J'Town Condos

If you would like to see pictures and virtual tours of my friends development of new construction J’Town condos, please visit www.Magnolia-Place-Condos.com.

Every once in awhile I like to look at the condo market in different parts of town to see how they are performing.  Today I want to take a quick peek at condos in J’Town, and see how the market is doing.  As an aside, I have a buddy who is selling his new construction J’Town condos quite well, and seems to be beating the market.  For pictures and virtual tours of this project, make sure to visit www.Magnolia-Place-Condos.com.  I’m not even the listing agent for those properties, I’m just mentioning them here as a favor.  Back to J’Town at large, I have included a graph that shows both the asking price of condos currently on the market, as well as the inventory of available units.  As you can see, the price is going down pretty dramatically, and the number of units available seems to be climbing.

Graph of condos in J'Town part of Louisville

If you have any questions about homes in J’Town, please don’t hesitate to visit the most complete Louisville J’Town real estate website at www.GregFly.com.  You can also call me anytime at 1-888-GREG-FLY or email me at greg@gregfly.com.

An old friend of mine from Centre College, Dave Elder, has built a new development of condos in J’Town just off of Six Mile Lane.  I am not the listing agent for these properties, but having driven by and checked out these properties, I am a fan.  They are priced for entry level buyers, are all brick and are some of the only new construction condos in all of J’Town.  If, by chance, you are looking for just such a property, you can see some pictures and virtual tours of these brand new Louisville J’Town condos at www.Magnolia-Place-Condos.com.  Here is a picture of the outside just in case…  Anyway, as I mentioned in the title of this short post, it sounds like the activity level has picked up a bit recently and that his project may be doing a bit better than the overall market.

J'Town real estate new construction condos

If you have any questions about homes in J’Town, please don’t hesitate to visit the most complete Louisville J’Town real estate website at www.GregFly.com.  You can also call me anytime at 1-888-GREG-FLY or email me at greg@gregfly.com.