In 1999, 10 full years ago, single family homes in the Highlands Louisville Kentucky sold for an average price of $133,240.  At the end of 2008, the average sales price was $192,312.  That is an increase of over 44%!

If you have any questions about homes in the Highlands, please don’t hesitate to visit the most complete Highlands 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.

Recently, while I must have been extremely bored, I looked up St Matthews real estate values over the past 10 years.

In 1999, 10 full years ago, single family homes in St. Matthews Louisville Kentucky sold for an average price of $203,816.  At the end of 2008, the average sales price was $274,188.  That is an increase of over 34%!

If you have any questions about St. Matthews homes, please don’t hesitate to visit the most complete St. Matthews 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.

Now that we are firmly in 2009, it is time to look back a bit and see how different parts of the Louisville Market held up during 2008.  Today, I am looking at Prospect Ky real estate, and all of Area 9 of our local MLS.

At the end of 2004, there were 248 single family homes on the market in the Prospect and Anchorage Areas of Louisville, Kentucky.  Since that point, it has gone up to 504 single family homes on the market at the end of 2008, a 100% increase from just a few years before!

At the same time, the number of sales of single family homes in the Prospect and Anchorage Areas of Louisville, Kentucky has gone from 1099 units in 2004 to 809 units sold in 2008, a decrease of over 25%!

If we look at the numbers above in connection with each other, we can that the result is not going to be good.  We have more and more homes coming on the market, with fewer and fewer buyers.  In 2004, the average time on the market in the Prospect and Anchorage Areas of Louisville, Kentucky for a single family residence was 2.7 months compared to 7.5 months in 2008!  Ouch.

If you have any questions about homes in Prospect, please don’t hesitate to visit the most complete Prospect Ky 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.

Louisville real estate, like most cities across the country, has seen a decrease in the real estate activity over the past year or so.  However, if you take the time to look at smaller pockets of activity inside the greater city, it is possible to find a few over performing areas, as well as a few under performing areas.

As in most years, the Highlands part of town continues to be one of Louisville’s best performing neighborhoods.  Usually, days on market is shorter, prices are higher, and the sales price compared to the list price is usually better as well.

For instance, the average sales price for singly family homes in 2008 was $192,312, the second highest average over the past 10 years, and the median sales price for 2008 was $150,000, also the second highest total over the past 10 years.

With sales averages down citywide, and some areas seeing decreases not seen since the 1980′s, the Highlands Real Estate Market continues to be one of the best bets in town.

If you have any questions about homes in the Highlands, please don’t hesitate to visit the most complete Highlands 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.

Among all the doom and gloom we can find about real estate, both nationally and locally, it is refreshing to find some spots around town in Louisville, KY that are not doing quite as poorly as the national media would have you believe.

Here is some of the St. Matthews real estate data I promised!  To be fair, these numbers are from Area 3 of our local MLS, but I am loosely calling it St. Matthews.

Average Sales Price for 2008 = $274,188
Average Sales Price for 2007 = $262,495

As long as we are talking about value, these numbers don’t look like the drop in sales that experts have been telling us about for months on end now.  Homes in 2008 sold for almost $12,000 more than the average in 2007!

And for the purists out there, who believe that average sales prices are too easy to manipulate, and can be affected by just a few really expensive homes, why don’t we also look at median sales prices of St Matthews homes?

Median Sales Price for 2008 = $214,000
Median Sales Price for 2007 = $208,000

An increase of $6,000!  You would never know it by reading some of the articles that are written about home sales in St. Matthews.

If you have any questions about St. Matthews homes, please don’t hesitate to visit the most complete St. Matthews 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.