There were 12,594 homes sold in Jefferson County during 2017. But that’s not what this story is about. If you would like to know what real estate records were broken, you could find that story here. If you’re interested in the 30% increase in home values since 2007 there’s that but this story is about the most expensive Louisville neighborhoods.
I’ve been writing this piece annually since 2013. It’s always a fun piece because I naturally have a competitive streak. So when it’s time to crunch the numbers and produce this story, I get a little jazzed.
Quick point about procedures. We’re only looking at Jefferson County, so no Oldham, Shelby, Bullitt or the rest. Condos are included but a vast majority of these are single-family homes. To be considered, the Louisville neighborhood needed to have at least three transactions of at least $500,000 or higher. That’s it. Let’s go!
Note: Unlike years past 2013, 2014, 2015, and 2016, this year I created the average of all homes sold in that neighborhood for the year, not simply the ones over $500,000.
Most Expensive Louisville Neighborhoods
#10 Innisbrook Estates
Total sales 2017: 5 | Average Sale Price: $674,800
#9 Cherokee Gardens
Total sales 2017: 9 | Average Sale Price: $720,500
#8 Lake Forest Estates
Total sales 2017: 6 | Average Sale Price: $738,833
Total sales 2017: 23 | Average Sale Price: $767,155
Total sales 2017: 3 | Average Sale Price: $860,000
Total sales 2017: 12 | Average Sale Price: $998,504
#4 Spring Farm Lake
Total sales 2017: 5 | Average Sale Price: $1,119,036
#3 Mockingbird Gardens
Total sales 2017: 11 | Average Sale Price: $1,119,036
#2 Alta Vista
Total sales 2017: 3 | Average Sale Price: $1,155,917
#1 Spring Farm Place
Total sales 2017: 3 | Average Sale Price: $1,226,667
All told, there were 536 homes over $500,000 sold in Jefferson County during 2017. That’s a big number! In 2016, there were just 472 properties sold above half a million dollars. To put this in perspective, the average home price in Louisville is currently $212,881.
I’ve updated the ranking for the past five years. You can review the results in the chart below. In truth, each of these amazing Louisville neighborhoods boasts amazing homes year-in and year-out.
|1||Spring Farm Place||Glenview||Harrod’s Glen||Glenview||Spring Farm|
|2||Alta Vista||Mockingbird Valley||Cherokee Hills||Mockingbird Valley||Glenview|
|3||Mockingbird Gardens||Anchorage||Spring Farm Place||Glenview Acres||Mockingbird Valley|
|4||Spring Farm Lake||Cherokee Gardens||Spring Farm Lake||Bonniewood||Bonnycastle|
|5||Glenview||Oxmoor Woods||Glenview||Mockingbird Gardens||Anchorage Woods|
|7||Anchorage||Indian Hills||Cherokee Triangle||Indian Hills||Indian Hills|
|8||Lake Forest Estates||Hunting Creek||Indian Hills||Woodstone||Cherokee Gardens|
|9||Cherokee Gardens||Cherokee Triangle||Lake Forest||Sutherland||Anchorage|
|10||Innisbrook Estates||Rolling Fields||Mockingbird Gardens||Rolling Fields||Hurstbourne|
If you’d like to know about a specific neighborhood and how it performed, please feel free to contact me. All images in this article have the copyright of their Listing Broker.