Louisville Real Estate Market Report
Area 7 of the Louisville MLS covers homes for sale in FernCreek, Hikes Point, and Jeffersontown (J-town). Some of the larger subdivisions in this area are Breckenridge Meadows, Glenmary, Little Spring Farm, Orchard Lakes, Saratoga Springs and Saratoga Woods.
See Also: Louisville Real Estate Map
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Key Points
- Home Sales in this area of Louisville have really picked up! Except of June, this month had the highest number of sales since 2007.
- While sales price is down, this is not a declining market. Certainly, there are some neighborhoods that are struggling woth foreclosures and short sales. However, this area of Louisville remains desirable and many home sellers are able to get a fair price. First time home buyers are as much the cause of the average price drop as anything else. These buyers are taking advantage of the $8000 first-time home buyer tax credit and tend to purchase entry-level homes.
- For sellers, this is an indication that you can sell your home if you have a Louisville real estate agent who understands how to help you prepare, price, and promote your home.
- Buyers should take note that selection is great. As word spreads that buyers are actually taking advantage of the low interest rates, tax credits, etc, more sellers are putting their homes on the market. If you want to live in this part of Louisville, you should certainly be able to find a home that meets your needs.
Additional Market Reports (July 09)
- Louisville Homes - Area 8 Douglass Hills, Hurstbourne, Middletown
- Bullitt County Homes
- Shepherdsville Homes
- Mt Washington Homes
First Time Home Buyer Tax Credits for Louisville Home Buyers
- Time is Running Out
- $4500 Down Payment Assistance - Get Down payment Assistance money through KHC.
- $8000 Tax Credit - Get an $8000 Tax Credit on your 2008 or 2009 Tax return when you buy a home.
- $8000 Tax Credit Amended - Find how how to use the Tax Credit for a portion of your downpayment
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Erik Hitzelberger is a licensed REALTOR with RE/MAX Alliancein Louisville. If you need a Louisville Real Estate agent please email me or call 502.921.3989.
I specialize in the following areas of the Metro Louisville Area: Prospect, Middletown, Jeffersontown (J-Town), Fern Creek, Okolona, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley. Click the following links to learn more about Louisville and Bullitt County Real Estateor to Search for Louisville Homes
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Hello Erik, excellent report. Your use of graphics in presenting the various criteria is very helpful. Best of success! John
Love the graphs! Looks like a slight drop in inventory even though there is still selection! Having last minute shoppers for the first time home buyer's tax credit?
John - Thanks. The graphs really save me a lot of typing:)
Renee- Yes. First time home buyers are out in force. The best part is that many are buying homes from existing homeowners vs. builders and so trade-up consumers are also shopping. I'd like to say the bottom has passed here in Louisville, but I'm not sure what will happen when the tax credit expires.
Erik - Great presentatation, the graphs really make a big difference. Glad to hear the first time buyers are out.
Erik- thanks for the comment on my first AR blog ever. Hopefully I can take your advice...although your last blog post is quite intimidating with all these amazing graphs and statistics!! You are one to watch!
Jennifer - Thanks! And, yes first-time home buyers are definitely dominating the market right now.
Taylor - Lol. It took a little effort to setup, but now I just enter the MLS data and the charts & graphs populate themselves.
Erik.. I love the charts.. very nice... and interesting in regards to days on the market for 2009. I'll let you know when I get back to the Louisville area and we'll have to meet up. Have a great weekend.
Jeff - Thanks! I'd certainly like to get together when you are in town.
Hi Erik,
Love the graphics, too! Would you mind sharing what program you use to do them? I would love to be able to do something similar for my blog.... Great job!