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Louisville area home sales show strong trend | By: Other

Louisville area home sales show strong trend

The average price of homes sold in Jefferson County in the first four months of 2015 was $181,197, nearly a $20,000 increase over the same 2014 period, the Greater Louisville Association of Realtors has reported.

Home sales were up sharply across the association's three-county metro area, which includes Jefferson, Bullitt and Oldham counties.

Association members "are seeing a strong seller's market, especially in the Highlands, Crescent Hill and Saint Matthews," said Paula Colvin, association president.

The sales trend cited in the report would tend to affirm recent property assessment increases placed on many residences in those and some other nearby areas by Jefferson PVA Tony Lindauer. The assessments were based largely on what nearby homes with similar characteristics sold for in the last year.

The association reported that 4,247 homes were sold in the three counties in the first four months of 2015 — up from 3,870 residential sales in the same period of 2014.

Jefferson: From Jan. 1 to April 30, 2015, 2,972 homes were sold, compared with 2,632 for the same 2014 period. The average sale price in the first four months of this year was $178,998, compared with $164,958 for the same 2014 period.

Oldham: For the first four months of this year, 239 homes were sold, up from 227 the year before. The average sale price this year was just over $290,000, up sharply from $247,385 during the first four months of last year.

Bullitt: Home sales totaled 277 in the first four months of 2015, up from 258 the year before. The average sale price for the first four months of 2015 was $157,370, up slightly from $151,160 the year before.

The association said that sales in the three county area increased more than 10 percent in April alone, compared with April of the previous year.

"We expect the strong market to continue into the summer," Colvin said. "However, we may see some tapering in the numbers at the end of the summer."

from Courier Journal

Reporter Sheldon S. Shafer can be reached at (502) 582-7089. 

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