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Louisville Home Sales for September 2009 Skyrocket!
By Bob | October 1, 2009
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
|
This month: 1215 Last month: 1211 This month last year: 0 |
This month: 1160 Last month: 1083 This month last year: 0 |
|
This month: $150,903 Last month: $165,652 This month last year: $0 |
This month: 86 Last month: 84 This month last year: 0 |
132,000 |
September 2008
|
This month: 931 Last month: 1030 This month last year: 0 |
This month: 1012 Last month: 965 This month last year: 0 |
|
This month: $157,570 Last month: $181,165 This month last year: $0 |
This month: 85 Last month: 90 This month last year: 0 |
131,000 |
September 2007
|
This month: 1046 Last month: 1334 This month last year: 0 |
This month: 1113 Last month: 1519 This month last year: 0 |
|
This month: $173,344 Last month: $179,782 This month last year: $0 |
This month: 72 Last month: 74 This month last year: 0 |
141,500 |
Topics: For Buyers, For Sellers, Trends |
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