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uh oh! Is Louisville's housing market cooling down? A gloomy September for house sales in one of Louisville's biggest neighborhoods, Lake Forest.

Is Louisville's real estate market cooling down? It was a gloomy September for house sales in one of Louisville's largest neighborhoods, Lake Forest.

During the "hot" months, April through August, Lake Forest had between 9 and 12 houses selling every month. September saw a dramatic drop in home sales. Only 4 houses sold in September in Lake Forest. As of today there are 42 houses for sale. At this rate, it will take 10 months for all of the active houses to sell.
In September, the average Lake Forest home sold for 95% of the asking price. During the "hot" months, homes in Lake Forest sold for around 97% of the asking price.
The more expensive homes were selling earlier in the year. In April, $792,555 was the average sales price in Lake Forest, by September 2015 the average had dropped to $356,250.
One year ago, the average price in September 2014 was $599,800
The lesson of this? You need a realtor that knows the market if you want your house sold.
You need a realtor with negotiation experience to get the best price you can get right now.
Houses aren't selling themselves anymore.
More stats about Lake Forest can be found online at lakeforest.rivervalleygroup.com
If you want to know what these statistic numbers are for your neighborhood, email heidi@rivervalleygroup.com or call 502-265-5818
*source: flexmls data of sold properties

Lake Forest neighborhood Louisville KYApril 22, 2021
20
Listed
50
Avg. DOM
$135.29
Avg. $ / Sq. Ft.
$602,500
Med. List Price
15 Properties
Page 1 of 2
Open 4/25
2107 Club Vista Pl Louisville, KY 40245
$999,999
Subdivision: Lake Forest Estates
5
Beds
6
Baths
7,170
Sq.Ft.
1994
Year Built
1
Day on Site
1583885
MLS
Come see this exquisite Lake Forest home with exceptional views throughout. Newly updated with over $300,000 in improvements within the last two years, this Club Vista home is luxury on every floor....
$425,000
Subdivision: Lake Forest
3
Beds
3
Baths
3,297
Sq.Ft.
1983
Year Built
1
Day on Site
1583943
MLS
Fantastic 3/4-bedroom, 3 full bath brick walkout ranch in Lake Forest! Formal living room, dining room, eat in kitchen, Family room with fireplace, which leads to the nice rear deck with plenty of...
Open 4/25
2316 Cleary Ct Louisville, KY 40245
$535,000
Subdivision: Lake Forest Highlands
3
Beds
2F11/2
Baths
2,327
Sq.Ft.
2012
Year Built
2
Days on Site
1583856
MLS
First showing Sunday April 25th at 2:00 pm
Open 4/25
1003 Woodland Ridge Ct Louisville, KY 40245
$550,000
Subdivision: Lake Forest
6
Beds
4F11/2
Baths
5,069
Sq.Ft.
1993
Year Built
4
Days on Site
1583682
MLS
Welcome home to this beautiful former homearama home. This home boasts 6 bedrooms and 5 baths on three floors of living space, totaling 5069 square feet. On the main floor you have two primary suites...
$899,000
Subdivision: Lake Forest
5
Beds
4F11/2
Baths
5,831
Sq.Ft.
2002
Year Built
9
Days on Site
1583302
MLS
Its worth the wait!! This home located on Champon Lakes in Lake Forest has a tranquil rear yard with the sound of the babbling Floyds fork. Complete privacy and the perfect landscape for a pool. The...
Under Contract
610 Woodlake Dr Louisville, KY 40245
$850,000
Subdivision: Lake Forest Estates
4
Beds
5F11/2
Baths
5,608
Sq.Ft.
1986
Year Built
14
Days on Site
1582933
MLS
*** Welcome to 610 WoodlakeT*** The minute you step foot in the foyer you will be in love with the amazing remodel the seller has completed. Beginning with an entire kitchen gut with a wall removed...
Under Contract
2303 Claymore Cir Louisville, KY 40245
$499,000
Subdivision: Lake Forest Highlands
4
Beds
2F11/2
Baths
2,950
Sq.Ft.
2002
Year Built
14
Days on Site
1583008
MLS
This sought after home priced under $500,000 is rare in the Highlands of Lake Forest. This is the newer area of Lake Forest. Gorgeous curb appeal grabs you as you enter the drive. As you open the...
Under Contract
14502 Clearlake Pl Louisville, KY 40245
$779,900
Subdivision: Lake Forest
5
Beds
4F11/2
Baths
4,429
Sq.Ft.
1993
Year Built
30
Days on Site
1581662
MLS
Lake Forest Living at its Finest! Here is your opportunity to own an exclusive 5 Bedroom, 4 1/2 Bath custom-built home in one of Louisville's most sought after neighborhoods. The grand 2-story...
Under Contract
15135 Chestnut Ridge Cir Louisville, KY 40245
$899,900
Subdivision: Lake Forest
5
Beds
4F11/2
Baths
5,027
Sq.Ft.
2005
Year Built
34
Days on Site
1581427
MLS
Unbelievably gorgeous, updated and upgraded home with every conceivable amenity! Discriminating buyers will NOT be disappointed! Highest quality everything! From the exquisite decor to the top of...
Under Contract
2423 Tradition Cir Louisville, KY 40245
$405,000
Subdivision: Lake Forest Legacy
3
Beds
3F11/2
Baths
3,522
Sq.Ft.
2005
Year Built
88
Days on Site
1577983
MLS
Check out this end unit condo in Lake Forest Legacy. The great room feels very open and features a warming fireplace. This space is great for entertaining. The large gourmet kitchen has a double oven...
$1,150,000
Subdivision: Lake Forest
6
Beds
6F11/2
Baths
8,534
Sq.Ft.
16
Year Built
142
Days on Site
1575101
MLS
Entertainers dream house on a corner lot on a lake with spectacular views, heated salt water pool and two barbecue areas. The two-story foyer is flanked by an open formal dining room area on one side...
$1,049,900
Subdivision: Lake Forest
5
Beds
4F31/2
Baths
7,118
Sq.Ft.
2007
Year Built
185
Days on Site
1572099
MLS
Back on the market. Fabulous 5 Bedroom $ full, plus 3 half bath home located in prestigious Lake Forest, sitting on an almost 1 acre private lot. This home has all the amenities you would expect in a...

Discussion

#1 By Heidi Fore at 10/31/2015 9:58 AM

We know the market better than anybody. Trust our team to get your home sold for you.

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