There’s a growing trend towards smaller, less expensive houses here in Louisville.
“It seems like the trend is going back down to ranches and smaller homes,” Miles said “We are seeing people, as they get older, deciding, ‘I don’t want steps.’ We’re going to see that change our market a lot in the next 10 years.” [link]
This also is reflected in average home prices moving from $180,555 last year, to “$171,259 for Jefferson County permits issued in March and April.”
We look for this trend to continue, even as some retiring baby boomers choose to spend their retirement savings on higher-end homes in places like Prospect and Anchorage.
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