When buying a Louisville condo for the first time you will find that there is a slight difference between buying a single-family home and buying a condominium.
First. What is Condominium?
A condo is an individual unit that is inside a larger building, similar to an apartment building. An HOA governs and maintains the common areas that are funded by a monthly maintenance fee that is gathered from the residence living within the association.
Steps to Buying Your First Condo
Let's take a quick look at what to expect during the process of buying a condominium, downtown loft or a townhome. Keep in mind that every transaction is different and can present different obstacles along the
In this article, we dig deep into the local MLS statistics to find out when is the best time to buy a house in Louisville Kentucky.
The takeaway from this study was clear, we were able to get a great overlook on the Louisville real estate market and how it shifts throughout the year.
The Data
We looked at 10 years worth of statistics from the local MLS (2006-2016).
The data included:
⚬ Over 184k New Listings ⚬ Over 145k Sold Listings
We narrowed down the search criteria to only include:
⚬ Single Family Residence ⚬ Condominiums ⚬ and Patio Homes
After all of this research and gathering of data, noticeable trends stood out for median sale prices, days on market, new listings and more.
