Luxury Real Estate Trends

As reported by The Daily Mail Online: "The sprawling Kentucky mansion built by the liquor mogul behind Jack Daniel's whiskey is now up for sale for $6 million in Harrods Creek, an exclusive neighborhood of Louisville.  'The Avish,' the stately, columned 20,000 square foot manor, was developed in 1910 by Owsley Brown and his wife, Laura Lyons. Construction on the home was completed in 1925. The name translates to 'Rocky Hill' in Gaelic, which was the name of the family's ancestral home in Ireland. Mr Brown's father, George Garvin Brown, had founded Brown-Forman, the liquor company whose brands now include Jack Daniel's, Southern Comfort and Finlandia Vodka. The home was most recently inhabited by Owsley Brown Frazier, a fourth generation member of the Brown dynasty who had served as a director on the Brown-Forman board and had been an active philanthropist in Louisville." Read the article in its entirety.

Luxist, an AOL-owned web site dedicated to covering the best the world has to offer on a variety of luxury and fine living topics, has selected KY Select agent Joanne Owen's listing on Upper River Road as their national 'Estate of the Day'. Luxist features real estate, trends in travel, the art world, shopping, fashion, gourmet food, wine and the spending habits of the rich and famous. See the post here.

The rich have returned to the real estate market and are taking advantage of big bargains in luxury homes. Sales of million-dollar homes and condos increased last year in all 20 major metro areas — with some cities seeing an 18.6 percent increase in high-end home sales, according to DataQuick Information Systems. The increase follows four consecutive years of declines in million-dollar homes. More here.