Louisville Homes ~ Area 7 Real Estate Market Report ~ April 2009

Louisville Real Estate Market Report for Area 7- This report analyzes property sales trends for Louisville homes over the last few months and versus the same time period last year. The report includes number of Louisville homes sold, average listing price, average sales price, days on market (DOM), and current inventory.

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 Farms, Orchard Lakes, Saratoga Springs and Saratoga Woods.

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Key Points

1. For Sellers, there is not a lot of good news here. The number of homes sold in this area of Louisville is well off from last year and average sales price is much lower than last year and the past few months. Additionally, both inventory and absorption rate are up considerably. If you expect your home to sell in this area, you need to be realistic from the start. Call a Louisville real estate agent who understands how to help you prepare, price, and promote your home.
2. Buyers should take note that many sellers are being aggressive from the start, but not giving a lot after that. Have your agent check comps to verify the price is right and then present a reasonable offer. With the selection available, you should be able to find the home you really want. Don't let it get away over if it is priced well.
3. Buyers and Sellers should both be aware that part of the reduction in sales price is due to the infusion of new home owners. These buyers are taking advantage of the $8000 first-time home buyer tax credit and tend to purchase entry-level homes.

Additional Market Reports (Mar 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

$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.

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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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