Find Your Property

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 KYJune 22, 2024
11
Listed
25
Avg. DOM
$163.38
Avg. $ / Sq. Ft.
$833,000
Med. List Price
6 Properties
$833,000
Neighborhood: Lake Forest
4
Beds
4F11/2
Baths
4,948
Sq.Ft.
1999
Year Built
3
Days on Site
1663698
MLS
Open 6/22
14411 Brook Forest Pl Louisville,  KY 40245
$529,999
Neighborhood: Lake Forest
4
Beds
2F11/2
Baths
2,974
Sq.Ft.
1995
Year Built
3
Days on Site
1663798
MLS
$689,900
Neighborhood: Lake Forest
4
Beds
4F11/2
Baths
4,297
Sq.Ft.
1999
Year Built
10
Days on Site
1663168
MLS
$910,000
Neighborhood: Lake Forest
6
Beds
4F11/2
Baths
5,348
Sq.Ft.
1999
Year Built
16
Days on Site
1662784
MLS
$575,000
Neighborhood: Lake Forest Highlands
3
Beds
2F11/2
Baths
2,337
Sq.Ft.
2012
Year Built
17
Days on Site
1662593
MLS
$770,000
Neighborhood: Lake Forest
5
Beds
4F11/2
Baths
5,185
Sq.Ft.
1990
Year Built
32
Days on Site
1661450
MLS

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.

Post a Comment

Our Latest Videos

Keep up with the latest video updates from the River Valley Team.

What Is My Home Worth?

Our professional analysis will include data on recent solds and current market trends.

Meet Heidi Fore

New Listing Email Alerts

Be the first to know as soon as new listings hit the market -- fast, easy, automatic and free.

Get New Listings