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Greater Louisville Real Estate Blog

A quick look at the local Louisville housing market and the current average home prices in Louisville KY. Numbers and statistics are gathered from our local Louisville MLS for the month of August 2018.

Louisville KY Real Estate Market - August

Number of Homes Sold: 1275
Median Sale Price: $181,900
Days on Market: 31
New Construction Last Month: 45

 

Homes for Sale

Louisville Real Estate Market-August 2018

Louisville Housing Market Report 2018

Looking at the statistics from the Greater Louisville MLS, compared to August 2017, the data shows that homes are selling slightly faster. Inventory continues to lag behind the buyer's demand. Median sale price for Louisville real estate in the month of June is up 7.5% compared to the

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Determining how much house you can afford can be tricky!

Many different things factor into the equation. Some of the most obvious are things like your income, how much of a down payment you'll need, your debt to income ratio, and of course your credit score. Below we cover a long list that highlights some of the other factors that help determine how much home you may be able to purchase. This can especially be helpful to first-time homebuyers who might be unsure what their budget may be.

How much house can I afford Infographic

 

How much home can I qualify for?

Looking further into the most important factors when it comes to how much house can you afford. Some people begin there search online maybe months, if not years in advance. So these numbers, of course, will

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Important home buying myths

Sometimes the thought of buying a home can be intimidating and may also feel out of reach and unattainable. For whatever the reason, homeownership can actually be easier than expected. Below we highlight some home buyer myths you may want to ignore.

You have to put 20% down

Yes, some loans require you to put 20% down but depending on the qualifications...you may actually be able to purchase a home by putting down a lot less! Some loans will even allow you to put down as little as 3.5% down. Also, depending on the location, some rural housing loans even allow buyers to obtain 100% financing.

These can be great opportunities for first time home buyers that can not afford a large down payment, closing cost, and inspections. If you are unsure,

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When summer is in full swing and kids are out of school, it's a great time to get outside and visit some of the top parks in the area. Below are some of the best playgrounds and parks to visit around Oldham County KY.

Evidence shows that when residents have easy access to local parks, it helps increase the quality of life for the neighborhood and the community.

 

Top Parks in Oldham County KY

Most parks are usually open year round but you will tend to see more activity and visitors during the warmer months.

 

1. Wendell Moore Park

Wendell Moore Park

If you just recently bought a new Oldham County home, this park is definitely one to visit. A favorite park for many residents in the South Oldham area. Located only minutes from Oldham County High

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How to appeal Louisville property taxes

Good news! The value of your home has gone up. The bad news is your property taxes likely have too.

With a little bit of luck, you may be able to appeal your Louisville property taxes if you believe they are inaccurate.

How does the PVA Determine Property Values

Each time there is a sale in your neighborhood the local PVA office will enter the data into their system to record the transaction. The sale price will then represent the value of the property for approximately the next two years.

However, the Jefferson County PVA uses a computer-assisted mass appraisal system (CAMA) to determine the property values for more than 250,000 homes. This algorithmic system is closely monitored to make sure the current market value of your home is

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[Estimated read time: 8 minutes]

Welcome to Louisville KY - Learn why people Love Living in Louisville KY

Are you thinking about moving to Louisville, KY or do you know someone that is making the move? Here is a great guide to share with them so they can see first hand what it is like living in Louisville.

Louisville has continued to grow at a rapid pace over the last decade. Experiencing both a sustainable economy and in return, causing a high demand for Louisville real estate.

 

Living in Louisville, KY

When relocating to Louisville KY, at first you may not know what to expect. Below we will help you discover what makes the city of Louisville so great. We will uncover exactly why residents love living in Louisville KY and in return learn more about the popular attractions and highlights that take place

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[Estimated read time: 4 minutes]

Pricing a home can be tricky and can cost a homeowner thousands if not done correctly. Below we will quickly highlight some strategies to help you get started to help you understand how a professional may price your home correctly.

From searching for good comparable properties to using a specific pricing strategy. There are many different ways to find the market-based value of a home. Most homeowners do a pretty good job at keeping up with the activity in their neighborhood.

Heres how you can effectively price your home like a pro!

Step by step guide to pricing a home - Infographic

 

Getting Started: Home Pricing Strategies

Below is an easy-to-follow guide to help you find solid comparable homes. However, since you may not have access to the

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Best neighborhoods in Spencer County, KY article header

We have gathered a list of the top 10 most popular neighborhoods in Spencer County KY. These communities have either been statistically proven over the years to be in high demand or are newer developments that have been growing in popularity for new homebuyers that are wanting to live in Spencer County.

 

List of the Best Neighborhoods in Spencer County

 

Allen Place North

Median Sale Price: $245,000

Allen Place North is located in Taylorsville, KY just off of HWY 155 (Taylorsville Rd). This popular subdivision is only minutes away from the Gene Snyder Freeway and less than 30 minutes from Downtown Louisville.

The average median sale price for homes for sale in Allen Place North is $245,000. Based on the local statistics from our

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Typically when buying a home you are excited to close right away and may even have plans to be in the home by a certain date. However, there are times when closing dates are delayed or even pushed back. Buying a home consist of many different contractual deadlines, starting from the very beginning, all the way up to the very end.

Most first-time homebuyers have one question in common - how long does it take to buy a home? Once you find the perfect home, it can take anywhere from 30 to 45 days to close. However, that is if everyone is diligently working together.

Below we will touch on each step and look at how you can successfully close on your home in a reasonable time frame.

 closing on a home quickly infographic

 

1. Get the pre-approval

The very first

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Best neighborhoods in Louisville, KY article header

[Updated: Originally Posted August 2016]

We have gathered a list of the top neighborhoods in Louisville. These communities have either been statistically proven over the years to be in high demand, continue to appear in the press and headlines or even high-end communities with luxury dream homes.

 

List of the Best Neighborhoods in Louisville

 

Audubon Park

Median Sale Price: $244,000

Located only ten minutes south of Downtown Louisville and the Louisville International Airport. The historical Audubon Park is a beautiful neighborhood that is shaded by mature trees and a park-like setting. Residents also enjoy the private, full-service Audubon Country Club. Featuring golf, tennis, swimming and dining as well.

The average

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