July 23, 2017

Louisville Home Sales for September 2009 Skyrocket!

The Real Estate Sales numbers for Louisville Kentucky are in for September 2009 and the picture is loud and clear! The number of homes sold up 13 percent from September 2008 and up 4 percent from September 2007 (see raw data below). Additionally, the number of homes going under contract in September 2009 compared to September 2008 up 23 percent. When compared to September 2007, the numbers are  up 14 percent.  That is amazing!

The reason is simple the $ 8000 tax credit. How can I tell? Easy, look at the area breakdown for sales and average prices (see below), based on the average price of homes many of the sales were 1st time homebuyers. Other higher sales prices are coming from home owners moving up to a 2nd home. 

Yet, our lawmakers in Washington are about to do battle with each other trying to decide if they should continue, stop or expand the $8000 dollar tax credit. Do they understand that home sales drive the economy?  Apparently it’s not clear to all lawmakers. Everyone from builders and  construction crews to electronic stores selling new flat screen TV’s for the new homes and thousands of  stores and manufacturers who supply the sofas, sinks, lights and paint all benefit from the tax credit. The recovery in this country is in danger sliding backwards if the tax credit expires on November 30, 2009.

Our lawmakers have the power to expand the tax credit for all home buyers. But do they get it? We’ve written our representatives, I urge to do the same. They may not listen (nothing new there) but at least we can try. Let them fight over the health care issue and the war in Iraq, the tax credit is a no-brainer for anyone smart enough to see the results below.   

 

THE MONTH OF: September, 2009

 

AREA

SALES

TOTAL $

AVG PRICE

MEDIAN

% OF LIST

AVG DOM

HOMES FOR SALE

00 (Central Downtown District/Old Louisville)

8

$1,280,710

$160,089

$95,325

83.07%

164

140

01 (Dtown/Old Louisville/Shively/West Lou)

84

$3,957,245

$47,110

$24,500

92.27%

71

807

02 (Butchertwn/Highlands/Germantwn)

82

$14,276,453

$174,103

$149,000

95.76%

66

484

03 (Clifton/Crescent Hill/St Matthews)

66

$13,725,370

$207,960

$182,500

95.04%

73

478

04 (Pleasure Ridge/Valley Station/Shively)

69

$6,889,482

$99,848

$100,000

97.36%

73

435

05 (Auburndale/Fairdale/Iroquois Prk/Shively)

71

$8,202,805

$115,532

$110,000

97.14%

59

590

06 (Buechel/Highview/Okolona/FernCreek)

129

$15,790,325

$122,406

$120,000

98.89%

103

888

07 (FernCreek/Hikes Point/Jeffersontown)

124

$20,055,382

$161,737

$146,200

96.57%

71

792

08 (DglasHls/Hurstbrn/Mdltwn/Anchrg/StMatt)

75

$14,552,566

$194,034

$176,000

96.32%

83

781

09 (Anchrg/Glenview/Lyndn/Prospect)

93

$20,924,975

$225,000

$180,000

96.08%

102

800

10 (Nelson Co)

38

$4,894,000

$128,789

$105,500

95.80%

101

327

11 (Bullitt Co)

82

$11,914,401

$145,298

$131,500

96.62%

97

653

12 (Other Counties)

27

$3,316,383

$122,829

$108,500

90.85%

93

252

13 (Indiana)

3

$384,900

$128,300

$156,900

93.11%

120

71

14 (Other States)

0

$0

$0

$0

0.00%

0

1

15 (Carroll Co)

2

$291,000

$145,500

$145,500

98.98%

176

71

16 (Hardin Co)

42

$5,370,250

$127,863

$129,450

94.61%

88

303

17 (Hart/LaRue Counties)

4

$391,900

$97,975

$48,500

87.80%

78

38

18 (Washington/Marion Counties)

3

$102,708

$34,236

$30,000

86.93%

102

13

19 (Spencer Co)

21

$3,692,076

$175,813

$145,000

96.80%

133

192

20 (Oldham Co N-I71)

37

$8,503,535

$229,825

$190,000

97.07%

90

400

21 (Oldham Co S-I71)

34

$7,043,786

$207,170

$205,750

96.52%

79

323

29 (Henry Co)

10

$1,199,110

$119,911

$118,000

91.72%

99

141

30 (Shelby Co)

46

$7,223,599

$157,035

$128,162

94.64%

107

479

31 (Meade Co)

9

$933,500

$103,722

$106,000

98.17%

81

134

34 (Trimble Co)

1

$131,000

$131,000

$131,000

93.64%

63

57

Total

1160

$175,047,461

$150,903

$132,000

96%

86

9650

 

 September 2009


Number of Houses Under Contract

This month: 1215

Last month: 1211

This month last year: 0


Number of Houses Sold & Closed

This month: 1160

Last month: 1083

This month last year: 0

 


Average Selling Price

This month: $150,903

Last month: $165,652

This month last year: $0


Average Days on Market

This month: 86

Last month: 84

This month last year: 0


Median Sales Price

132,000

 

September 2008


Number of Houses Under Contract

This month: 931

Last month: 1030

This month last year: 0


Number of Houses Sold & Closed

This month: 1012

Last month: 965

This month last year: 0

 


Average Selling Price

This month: $157,570

Last month: $181,165

This month last year: $0


Average Days on Market

This month: 85

Last month: 90

This month last year: 0


Median Sales Price

131,000

 

September 2007


Number of Houses Under Contract

This month: 1046

Last month: 1334

This month last year: 0


Number of Houses Sold & Closed

This month: 1113

Last month: 1519

This month last year: 0

 


Average Selling Price

This month: $173,344

Last month: $179,782

This month last year: $0


Average Days on Market

This month: 72

Last month: 74

This month last year: 0


Median Sales Price

141,500

For more info head to www.weselllouisville.com

 

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  4. Reading the September 2008 Numbers!
  5. Louisville Home Sales – June 2009

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