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Louisville Real Estate Agents wish you Happy Holidays!

by Bob Sokoler

We know 2009 was a tough year for many people throughout the United States! We've been working with a number of homeowners who are facing foreclosure. As advanced CDPE (certified distress property experts) we know first hand, the problems! On a good note there are solutions to those problems, we can help. We took time from our team holiday brunch to think about those who are having a rough time.

 

November 2009 Louisville Home Sales Through The Roof

by Bob Sokoler

Spurred on by the $8000 first time home buyers tax credit, Louisville home sales jumped by a whopping 40 Percent in November when compared to a November 2008! Many of the sales were in the $100,000 to $200,000 price range, the target of first time buyers.  Sellers of those homes moved up as homes in the $200,000 to $300,000 price point also did well.

Not All The News Is Good 

Homes going under contract slowed during the month of November as the original 1st time home buyers tax credit deadline neared. Early in November the tax credit was extended to the end of April 2010 (to be under contract) and the end of June 2010 (to be closed). The extension took the pressure off buyers and the search for homes by first time  buyers slowed.  Officially the number of homes going under contract was up 11% in November over November of the year before.


Looking Forward To December 

Because of tighter mortgage requirements and slower appraisals of homes, sales in December should be better than expected. Those two factors delayed closings that were supposed to have occurred in November. The slowdown will help boost December 2009 numbers and give a false sense of recovery. Unless we see more buyers come into the market during December and January, Home sale figures for the beginning of 2010 could fall far short of hopes and expectations.

Other Tax Credits

The local and National media have done little to promote the brand new $6500 tax credit for home owners who have owned their home for 5 years or more and buy their next home. Additionally we’re seen little publicity surrounding the $5000 new construction tax credit in Kentucky. 

For more information head to www.weselllouisville.com.

 

November 2009


Number of Houses Under Contract

This month: 805

Last month: 1232

This month last year: 0


Number of Houses Sold & Closed

This month: 1110

Last month: 1210

This month last year: 0

 


Average Selling Price

This month: $158,208

Last month: $162,899

This month last year: $0


Average Days on Market

This month: 83

Last month: 84

This month last year: 0


Median Sales Price

132,275

 

November 2008

Number of Houses Under Contract

This month: 724

Last month: 777

This month last year: 0


Number of Houses Sold & Closed

This month: 662

Last month: 957

This month last year: 0

 


Average Selling Price

This month: $155,970

Last month: $152,206

This month last year: $0


Average Days on Market

This month: 82

Last month: 76

This month last year: 0


Median Sales Price

124,000

 

  

AREA

SALES

TOTAL $

AVG PRICE

MEDIAN

% OF LIST

AVG DOM

HOMES FOR SALE

00 (Central Downtown District/Old Louisville)

6

$1,716,000

$286,000

$107,500

95.91%

184

124

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

61

$3,639,821

$59,669

$43,501

93.21%

71

844

02 (Butchertwn/Highlands/Germantwn)

79

$14,115,955

$178,683

$140,000

94.90%

54

491

03 (Clifton/Crescent Hill/St Matthews)

52

$10,301,650

$198,109

$177,475

94.91%

80

448

04 (Pleasure Ridge/Valley Station/Shively)

86

$9,142,523

$106,308

$102,338

97.35%

66

409

05 (Auburndale/Fairdale/Iroquois Prk/Shively)

82

$9,808,939

$119,621

$109,950

97.39%

97

530

06 (Buechel/Highview/Okolona/FernCreek)

126

$15,600,121

$123,810

$123,513

97.84%

76

901

07 (FernCreek/Hikes Point/Jeffersontown)

129

$21,212,072

$164,435

$145,000

98.82%

72

688

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

76

$18,235,274

$239,938

$219,950

94.78%

88

717

09 (Anchrg/Glenview/Lyndn/Prospect)

99

$24,191,988

$244,364

$185,000

93.77%

91

713

10 (Nelson Co)

28

$3,939,400

$140,693

$114,900

90.65%

133

295

11 (Bullitt Co)

67

$9,473,379

$141,394

$128,400

96.04%

84

599

12 (Other Counties)

23

$2,159,562

$93,894

$103,000

94.99%

49

221

13 (Indiana)

7

$918,510

$131,216

$119,000

95.89%

84

53

14 (Other States)

0

$0

$0

$0

0.00%

0

0

15 (Carroll Co)

6

$485,500

$80,917

$84,000

86.93%

113

68

16 (Hardin Co)

35

$4,514,167

$128,976

$117,117

97.57%

68

278

17 (Hart/LaRue Counties)

5

$519,500

$103,900

$110,000

94.87%

48

42

18 (Washington/Marion Counties)

0

$0

$0

$0

0.00%

0

16

19 (Spencer Co)

11

$1,801,442

$163,767

$150,000

97.44%

92

163

20 (Oldham Co N-I71)

35

$9,925,987

$283,600

$228,000

95.02%

127

365

21 (Oldham Co S-I71)

24

$4,868,120

$202,838

$192,000

96.81%

106

298

29 (Henry Co)

8

$489,400

$61,175

$36,250

95.89%

90

148

30 (Shelby Co)

41

$5,878,924

$143,388

$135,000

95.86%

96

447

31 (Meade Co)

20

$2,361,147

$118,057

$129,700

99.08%

83

127

34 (Trimble Co)

4

$312,000

$78,000

$61,000

94.98%

241

56

Total

1110

$175,611,381

$158,208

$132,138

96%

83

9041

 

Yellow Pages for USA and Canada

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Contact Information

Photo of The Sokoler- Medley Team Real Estate
The Sokoler- Medley Team
RE/MAX Properties East
10525 Timberwood Circle Suite 100
Louisville KY 40223
502-376-5483
502 992-4137
Fax: 502-719-8152