Via Martha Elson of The Courier-Journal: Not far from the recreational hubbub of Seneca Park, a grand brick home from the early 1800s or possibly earlier reflects a time more than 200 years ago when pioneer settlers barricaded themselves in a fort called Spring Station on Beargrass Creek. Read more.
While we do our best to assist buyers and sellers throughout the community, Kentucky Select agents excel in a few particular Louisville neighborhoods and market segments.
Based on recently released statistics from the MLS and BrokerMetrics® for the first half of 2016 (January through June), we’re excited to share that Kentucky Select had the leading market share by total sales volume - in all price ranges - in the following zip codes:
- 40204 (Parts of Germantown, Cherokee Triangle and the Original Highlands)
- 40205 (Upper Highlands, Cherokee Park and parts of Seneca Park)
- 40206 (Clifton, Crescent Hill,, Avalon, Lexington Road and Cherokee Gardens)
- 40207 (St. Matthews, Indian Hills, Rolling Fields)
- 40222 (Crossgate, Glenview Manor, Glenview Hills, Northfield and Graymoor/Devondale)
- As well as the top total sales volume of properties that sold for $1 million or more for the entire Louisville market
Since our agents know and work these areas so effectively, we thought we’d share some insights into market dynamics in these 5 zip codes as well as the Louisville luxury market. As a reminder, a market's absorption rate measures the rate at which available homes are sold during a given time period. Generally, an absorption rate of 6.0 months inventory indicates a balanced market of supply and demand. As you can see from the tables below much of Louisville is experiencing a severe shortage of inventory (absorption rates of around 2 to 2.5). Because of the lack of inventory much of Louisville is in the midst of a very heated seller's market.
The second quarter of 2016 had no shortage of major residential home sales in Jefferson County. Business First has compiled another collection of the quarter's biggest home sales in Jefferson County, and many of the sales are centered in eastern Jefferson County. Congratulations to Kentucky Select Properties for having 5 of the top 8 most expensive sales, including the #1 sale both listed and sold by Joanne Owen. See all the homes here.
Kentucky Select Properties and Horne Title are again partnering on their annual "Back to School Bash" which benefits Blessings in a Backpack and the children of Engelhard Elementary. This year's event is Thursday August 4 from 5:30 - 7:30 at The Overlook at St. Thomas Clubhouse (6800 Steep Run Road, Louisville KY 40241). Attendees are encouraged to bring backpacks to donate or monetary contributions. For more information or to RSVP please contact Judy Gordon at 502-240-9334 or firstname.lastname@example.org.
(Below - Engelhard Elementary's Regina Jackson-Wills and members of Kentucky Select Properties get backpacks ready)
Courtesy of the National Association of Realtors: Homeowners and renters remodel, redesign, and restructure their home for a variety of reasons. This report takes a deep dive into the reasons for remodeling, the success of taking on projects, and the increased happiness found in the home once a project is completed. Download the Report.
Thirty things to do in Louisville this Fourth of July weekend. Thanks to the Courier-Journal for these tips! Lots of festivals, concerts, neighborhood gatherings and more. See what's happening.