Trends/Statistics

2010 Louisville Real Estate Year in Review

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If there’s one thing our society creates now more than ever, it’s data. They don’t call it the Information Age for nothing. As you would expect, real estate data, no different.

The problem is that most of the time this data is published for consumers at the city level. It may be easy to do that but it’s not very useful.

Every city has wide range of home values, from inexpensive, shotgun houses to palatial mansions on massive lots. Louisville real estate has that same variety.

My goal in this 2010 Louisville Real Estate Year in Review is to provide you with more useful real estate information. So what I’ve done, is narrow the calculation down to each MLS Area in Louisville. This way, you can compare your home to others in closer proximity.

As you can see in the chart below, we’re looking at Louisville home prices and the number of homes sold in each area. The first is 12 months of median home values averaged to a single value. The second, is the total of number of homes sold in the previous 12 months.

Looking at the information this way tells us more. We can see that those a there weren’t a large quantity of homes sold in Area 0, it did experience remarkable improvement in 2010 compared to 2009. We can also observe that East End areas generally performed better this past year than other parts of our city.

1-Yr Average Home Price # Homes Sold Previous 12 Months
Louisville Area 2009 2010 Change Ending 11/09 Ending 11/10 Change
Area 0: Central Downtown District/Old Louisville $115363 $106976 -7% 63 110 75%
Area 1: Downtown/Old Lou./Shively/West Lou./Butchertown $25958 $25896 0% 877 809 -8%
Area 2: Butchertown/Highlands/Germantown $141667 $159067 12% 836 829 -1%
Area 3: Clifton/Crescent Hill/St. Matthews $193600 $202866 5% 636 619 -3%
Area 4: Pleasure Ridge/Valley Station/Shively $93506 $95104 2% 699 640 -8%
Area 5: Auburndale/Fairdale/Iroquois Park/Shively $97620 $96442 -1% 687 667 -3%
Area 6: Buechel/Highview/Okolona/Fern Creek $120775 $118450 -2% 1343 1242 -8%
Area 7: Jeffersontown/Fern Creek/Hikes Point $145525 $149867 3% 1244 1188 -5%
Area 8: Middletown/Hurstbourne/Douglass Hills/Anchorage $226241 $240198 6% 789 919 16%
Area 9: Prospect/Anchorage/Glenview/Lyndon $202290 $202817 0% 940 1000 6%
Area 11: Bullitt County $128347 $127179 -1% 711 788 11%
Area 19: Spencer County $167833 $159887 -5% 179 193 8%
Area 20: Oldham County N-I71 $223199 $256189 15% 319 340 7%
Area 21: Oldham County S-I71 $214814 $214887 0% 335 340 1%
Area 30: Shelby County $134998 $146644 9% 405 377 -7%

Areas 8 and 20 were the biggest winners in 2010 Louisville real estate.

As always, if you have any specific questions I’m more than happy to talk to you. Have a great Holiday Season and an even better 2011!

About the author

Tre Pryor, Editor-in-Chief

Tre Pryor is the recognized expert Louisville Realtor who can:
  • List and sell your current home in Louisville,
  • Help you purchase your next Louisville home, or
  • Guide you in your relocation to Louisville, Kentucky
» Contact Tre now!

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