Looking back at the month of December 2008 shows some areas of town performing well even is this slower economy. The sales figures below show that lower priced homes continue to sell if priced correctly. Still many point to the Louisville Kentucky Housing Market as an island of stable home prices compared to much of the rest of the nation. One report on the website Reed Construction Data says “Buffalo, Dallas, Houston and Louisville are representative of local housing markets that largely avoided the home price bubble and the ensuing bursting of the bubble.”.

Writer Jim Haughey is right on the money. Louisville continues to be a good investment.

01-Dec-2008 - 31-Dec-2008

                  

                     Residential Unit Sales        Total   Unit Sales

                      0-2        3         4+      Resid     Condo/    Total

 PRICE CLASS/TYPE    Bedrm     Bedrm     Bedrm     Sales     Co-Op     Units

 

 $29,999 OR UNDER      30        14         8        52         0        52

 $30,000 -  $39,999    10         6         2        18         1        19

 $40,000 -  $49,999     6         4         1        11         0        11

 $50,000 -  $59,999     2        11         1        14         0        14

 $60,000 -  $69,999     5         5         2        12         5        17

 $70,000 -  $79,999     8         2         3        13         3        16

 $80,000 -  $89,999     2        12         2        16         5        21

 $90,000 -  $99,999     2        18         4        24         5        29

$100,000 - $119,999     5        32         9        46        17        63

$120,000 - $139,999     7        24         2        33         6        39

$140,000 - $159,999     2        27         5        34         4        38

$160,000 - $179,999     1        20         3        24         2        26

$180,000 - $199,999     2        14         9        25         6        31

$200,000 - $249,999     0        25        26        51         6        57

$250,000 - $299,999     0         6        11        17         1        18

$300,000 - $399,999     0         5        17        22         2        24

$400,000 - $499,999     0         3         7        10         0        10

$500,000 OR OVER        0         1        11        12         0        12

Total Types:           82       229       123       434        63       497

 

Average Price:     $57,444  $139,386  $272,269  $161,564  $135,703  $158,286

 

Median Price:     $127,500  $127,500  $220,000  $124,869  $117,500  $122,000

 

Average DOM:           60        77        85        76       102        79

 

Average CDOM:          74        90       128        98       143       103

 

 

 

AREA

SALES

TOTAL $

AVG PRICE

MEDIAN

% OF LIST

AVG DOM

HOMES FOR SALE

00 (Central Downtown District/Old Louisville)

3

$142,900

$47,633

$59,900

95.33%

26

142

01 (Dtown/Old Louisville/Shively/West Lou)

81

$4,059,839

$50,121

$27,500

112.73%

71

825

02 (Butchertwn/Highlands/Germantwn)

45

$7,532,550

$167,390

$146,000

95.52%

66

392

03 (Clifton/Crescent Hill/St Matthews)

30

$6,494,600

$216,487

$191,500

94.25%

79

361

04 (Pleasure Ridge/Valley Station/Shively)

47

$4,707,512

$100,160

$94,500

94.65%

107

391

05 (Auburndale/Fairdale/Iroquois Prk/Shively)

34

$3,671,630

$107,989

$105,250

96.61%

78

513

06 (Buechel/Highview/Okolona/FernCreek)

98

$12,561,544

$128,179

$117,498

98.23%

81

837

07 (FernCreek/Hikes Point/Jeffersontown)

59

$10,101,387

$171,210

$145,000

95.00%

74

757

08 (DglasHls/Hurstbrn/Mdltwn/Anchrg/StMatt)

51

$12,048,241

$236,240

$219,000

97.94%

81

727

09 (Anchrg/Glenview/Lyndn/Prospect)

49

$17,348,073

$354,042

$228,000

93.55%

84

689

10 (Nelson Co)

21

$3,129,901

$149,043

$112,000

96.78%

116

358

11 (Bullitt Co)

42

$4,929,555

$117,370

$120,000

95.98%

86

594

12 (Other Counties)

17

$1,472,800

$86,635

$68,900

94.78%

99

260

13 (Indiana)

1

$266,000

$266,000

$266,000

93.33%

67

79

14 (Other States)

0

$0

$0

$0

0.00%

0

0

15 (Carroll Co)

6

$768,400

$128,067

$112,450

92.93%

113

57

16 (Hardin Co)

27

$3,133,600

$116,059

$100,000

94.36%

102

350

17 (Hart/LaRue Counties)

3

$217,425

$72,475

$70,000

93.20%

38

47

18 (Washington/Marion Counties)

3

$226,600

$75,533

$47,400

94.46%

188

11

19 (Spencer Co)

10

$1,322,000

$132,200

$122,500

94.16%

54

219

20 (Oldham Co N-I71)

16

$3,963,800

$247,738

$206,250

92.82%

85

362

21 (Oldham Co S-I71)

28

$6,069,024

$216,751

$202,650

95.98%

89

297

29 (Henry Co)

7

$689,000

$98,429

$86,200

93.18%

173

132

30 (Shelby Co)

21

$3,243,100

$154,433

$127,000

93.18%

116

450

31 (Meade Co)

16

$2,033,600

$127,100

$128,750

98.02%

144

127

34 (Trimble Co)

3

$155,000

$51,667

$60,000

97.85%

110

55

Total

718

$110,288,081

$153,605

$124,069

96%

86

9032