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Louisville Real Estate home sales June 2010, By Bob Sokoler, www.weselllouisville.com

By Bob | July 7, 2010

By Bob Sokoler, www.weselllouisville.com                     Louisville Home SalesNew housing sales numbers for Louisville Real Estate show a mixed bag! The number of Louisville homes selling in June 2010 are up over June of 2009 but the majority of the sales were under $180,000 (see the raw numbers below).  Home sales were up from 920 homes in June 2009 to 1345 in June of 2010. Another benchmark of home sales is the number going  under contract in a month.  Here again a good sign with an increase from 1160 in June 2009  to 1204 in June 2010.

The bigger concern for some home sellers is that homes over $180,000 are sitting on the market. There are several reasons for that:

  1. Buyers are waiting for the government to issue another tax rebate.
  2. There is fear over the economy and higher priced buyers are willing to sit and wait.
  3. Fewer companies are hiring employees and transferring them into Louisville.
  4. Buyers  are waiting for more distressed properties (Foreclosures and Short Sales) to come on the market
  5. Because lending institutions have cracked down on lending money, any credit challenged buyers are forced to sit and wait until their credit rating improves.

The simple truth is: There are no plans for the government to issue another tax credit for Louisville Home buyers (at least at this writing), Homes have come down in price and in Louisville at least, homes may be at the bottom of their price drop! Interest interest rates are at an all time low (4.75) and we have lenders who can lend money even with some credit issues.
Looking to buy a home? We can help! Want to sell? We are getting the job done every day. Look at our featured homes and some of the videos we create for them.

June 2010

Number of Houses Under ContractThis month: 1204Last month: 2109This month last year: 0 Number of Houses Sold & ClosedThis month: 1345Last month: 1108This month last year: 0

 

Average Selling PriceThis month: $160,620Last month: $160,442This month last year: $0 Average Days on MarketThis month: 81Last month: 88This month last year: 0 Median Sales Price138,000

 

June 2009

Number of Houses Under ContractThis month: 1169Last month: 1138This month last year: 0 Number of Houses Sold & ClosedThis month: 920Last month: 787This month last year: 0

 

Average Selling PriceThis month: $153,613Last month: $156,339This month last year: $0 Average Days on MarketThis month: 87Last month: 93This month last year: 0 Median Sales Price137,000

TOTALS REPORTS
SOLD/ACTIVE RESIDENTIAL LISTINGS

                     Residential Unit Sales        Total   Unit Sales

                      0-2        3         4+      Resid     Condo/    Total

 PRICE CLASS/TYPE    Bedrm     Bedrm     Bedrm     Sales     Co-Op     Units

 

 $29,999 OR UNDER      41        34         8        83         2        85

 $30,000 -  $39,999     6        12         2        20         0        20

 $40,000 -  $49,999     9        23         3        35         1        36

 $50,000 -  $59,999     7        19         1        27         5        32

 $60,000 -  $69,999    13        22         3        38         5        43

 $70,000 -  $79,999    12        22         3        37        11        48

 $80,000 -  $89,999    11        35         2        48        10        58

 $90,000 -  $99,999    13        37         7        57        13        70

$100,000 – $119,999    14       102        16       132        32       164

$120,000 – $139,999    15       110        30       155        20       175

$140,000 – $159,999    10        69        32       111        10       121

$160,000 – $179,999     9        58        25        92        18       110

$180,000 – $199,999     7        48        26        81         9        90

$200,000 – $249,999     1        81        56       138        20       158

$250,000 – $299,999     2        27        65        94         8       102

$300,000 – $399,999     0        18        59        77        12        89

$400,000 – $499,999     0         6        36        42         2        44

$500,000 OR OVER        0         1        31        32         0        32

Total Types:          170       724       405      1299       178      1477

 

Average Price:     $82,512  $140,975  $265,154  $172,040  $155,337  $170,027

 

Median Price:     $129,950  $129,950  $240,000  $143,000  $129,900  $141,000

 

Average DOM:        61.52     64.65      83.1     69.99    116.18     75.56

 

Average CDOM:       85.97     99.13    148.01    112.65    202.66    123.49

 

 

Price Range Statistics Report
Category – Residential Statistics for Entire MLS for 6/1/2010 – 6/30/2010
 
 
Currently Active Listings
Price Range # of Listings Average DOM Average CDOM % of Listings  
$0 – $9,999 33 80 111 0.34%  
$10,000 – $19,999 91 79 112 0.94%  
$20,000 – $29,999 107 122 170 1.11%  
$30,000 – $39,999 123 138 203 1.28%  
$40,000 – $49,999 138 106 156 1.43%  
$50,000 – $59,999 175 127 187 1.82%  
$60,000 – $69,999 240 141 185 2.50%  
$70,000 – $79,999 289 132 187 3.01%  
$80,000 – $89,999 354 116 165 3.69%  
$90,000 – $99,999 418 121 175 4.35%  
$100,000 – $109,999 353 106 163 3.68%  
$110,000 – $119,999 531 112 171 5.53%  
$120,000 – $129,999 503 100 138 5.24%  
$130,000 – $139,999 487 102 145 5.07%  
$140,000 – $149,999 428 132 173 4.46%  
$150,000 – $159,999 398 109 153 4.15%  
$160,000 – $169,999 343 124 176 3.57%  
$170,000 – $179,999 305 135 194 3.18%  
$180,000 – $189,999 252 111 156 2.62%  
$190,000 – $199,999 271 122 185 2.82%  
$200,000 – $219,999 376 125 195 3.92%  
$220,000 – $239,999 387 106 148 4.03%  
$240,000 – $259,999 310 132 210 3.23%  
$260,000 – $279,999 314 114 190 3.27%  
$280,000 – $299,999 277 134 215 2.88%  
$300,000 – $349,999 413 134 204 4.30%  
$350,000 – $399,999 389 144 263 4.05%  
$400,000 – $449,999 195 126 210 2.03%  
$450,000 – $499,999 223 146 255 2.32%  
$500,000 – $549,999 111 146 241 1.15%  
$550,000 – $599,999 154 144 248 1.60%  
$600,000 – $649,999 80 118 207 0.83%  
$650,000 – $699,999 79 153 253 0.82%  
$700,000 – $749,999 42 160 378 0.43%  
$750,000 – $799,999 58 155 412 0.60%  
$800,000 – $849,999 29 125 326 0.30%  
$850,000 – $899,999 56 233 408 0.58%  
$900,000 – $949,999 9 83 127 0.09%  
$950,000 – $999,999 34 203 312 0.35%  
$1,000,000 – $1,049,999 5 332 590 0.05%  
$1,050,000 – $1,099,999 9 140 227 0.09%  
$1,100,000 – $1,149,999 13 200 372 0.13%  
$1,150,000 – $1,199,999 16 116 332 0.16%  
$1,200,000 – $1,249,999 13 270 442 0.13%  
$1,250,000 – $1,299,999 13 134 318 0.13%  
$1,300,000 – $1,349,999 5 113 113 0.05%  
$1,350,000 – $1,399,999 16 262 346 0.16%  
$1,400,000 – $1,449,999 11 177 318 0.11%  
$1,450,000 – $1,499,999 13 167 459 0.13%  
$1,500,000 – $1,549,999 4 185 241 0.04%  
$1,550,000 – $1,599,999 8 209 272 0.08%  
$1,600,000 – $1,649,999 9 177 252 0.09%  
$1,650,000 – $1,699,999 7 135 351 0.07%  
$1,700,000 – $1,749,999 2 110 110 0.02%  
$1,750,000 – $1,799,999 12 181 266 0.12%  
$1,800,000 – $1,849,999 1 337 394 0.01%  
$1,850,000 – $1,899,999 2 124 124 0.02%  
$1,900,000 – $1,949,999 2 218 218 0.02%  
$1,950,000 – $1,999,999 5 101 364 0.05%  
$2,000,000 – $2,499,999 17 215 400 0.17%  
Over $2,500,000 31 349 455 0.32%  

We hope you enjoy reading these blogs as much as we enjoy writing them! If you have any questions about Louisville Real Estate or Luxury Louisville Homes, or REMAX Properties East, as a buyer or a seller please e-mail me directly at bob@bobsokoler.com , call me at (502) 376-5483 or visit our websites www.weselllouisville.com or www.louisvillehomestoday.com  

 

 

 

 

 

 

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