Over the last 20 years, Louisville has evolved into a popular city with great economic growth. In return, we have noticed an increase over the span of progression in Louisville luxury homes. Around the city there is great diversity in high-end properties, interested home buyers have more of a mixture of homes to choose from. We have begun to see an increase in new development of high-end properties around the local area. With a record number of sales of luxury homes within the last year.
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Kentucky Select Properties
215 N Beckley Station Rd, Louisville, KY - $1,750,000
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As Louisville, Kentucky continues to become a popular area and the population continues to grow at a rapid pace we will continue to see an increase in million dollar homes for sale in Louisville.
High-end real estate in Louisville continues to improve at a steady pace. Depending on the style of real estate….equestrian properties, high-end condos or secluded mansions. We are seeing million dollar homes go under contract in a shorter time frame. The average days on market for these lavish homes are anywhere from four to five months. That is if the property is properly priced and marketed at a high standard.
Typically the average size of these million dollar houses in the Louisville area is around five thousand to six thousand square feet.
List Price to Sale Price Ratio
Over the last 5 years, from 2010 to 2015. Louisville luxury MLS listings sold at an average of 88% of the list price. In 2015, we had a record year for high-end properties sold in our area and we are seeing these numbers improve in the direction favored to the seller.
Million Dollar Home Communities in Louisville
Take a look at some of the most popular, high-end communities around the Louisville area. Some of the neighborhoods have a park-like setting, rich historical backgrounds and even secluded areas where some of the roads are even privately owned and maintained.
A small community found in the east end of Louisville, Anchorage is found just off of the Gene Snyder Freeway (I-265). A peaceful neighborhood with a park-like setting from the abundance of beautiful mature oak and magnolia trees that easily attract homebuyers alongside the lavish, historic homes found around town.
Located just northeast of downtown Louisville and alongside the Ohio River. Glenview is a beautiful neighborhood with tons of history. Originally named after James McFerran horse farm. The majority of the houses found in the community are part of the Glenview Historic District, also part of the National Register of Historic Places.
A small community with just over 1,200 homes, located off of Brownsboro Rd. less than 10 minutes from downtown Louisville. The City of Indian Hills was officially formed in 1999 but the history behind the city dates back much further. Indian Hills is near the prestigious Louisville Country Club that is situated on over 190 acres overlooking the Ohio River.
One of the most prominent communities in the Louisville area is the Lake Forest subdivision found off of Shelbyville Rd and only twenty minutes east of Downtown Louisville. A popular neighborhood with more than 1700 homes throughout. Within close distance to the nationally recognized Valhalla Golf Course.
Mockingbird Valley & Mockingbird Gardens
Also known as the ‘country enclave’ is Mockingbird Valley. A historical area that is actively protecting against any new development to keep the rural feel just outside of the Downtown area. A very private and secluded community with a majority of the roads are privately owned and maintained. Just south is another popular subdivision, Mockingbird Gardens. Mockingbird Gardens is situated near the Crescent Hill Golf Course just off of Brownsboro Rd.
Located just off of the Gene Snyder Freeway in the popular city of Prospect. Spring Farm is a prestigious neighborhood with many features to offer for most. A nearby and similar subdivision, Spring Farm Lake, was the site of the 2015 Louisville Homearama.
For More Information about High-End Properties in Louisville If you are looking for more information about any of the popular luxury homes in the Louisville area, or have any questions about buying a luxury home. Please feel free to contact us directly. One our top, luxury real estate agents will be available to assist you today. New to the Louisville area? Let us know! We would be happy to help you with your journey when relocating to Louisville.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Coldwell Banker McMahan Co. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker.