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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 KYFebruary 2, 2023
5
Listed
72
Avg. DOM
$159.66
Avg. $ / Sq. Ft.
$599,000
Med. List Price
4 Properties
Open 2/5
1004 Woodland Ridge Ct Louisville,  KY 40245
$649,900
Neighborhood: Lake Forest
5
Beds
4F11/2
Baths
5,321
Sq.Ft.
1993
Year Built
1
Day on Site
1630020
MLS
Welcome home to 1004 Woodland Ridge Court, a stately brick home in the sought after Lake Forest Subdivision right aro. A traditional floorplan on a beautiful lot overlooking a pond make this an ideal...
$849,000
Neighborhood: Lake Forest
4
Beds
3F21/2
Baths
5,789
Sq.Ft.
1998
Year Built
11
Days on Site
1628458
MLS
Welcome to 1414 Arnold Palmer Blvd. The owners have added many new upgrades to this home while leaving room for your personal taste. Lighting, in-ground Pool and a completely remodeled lower level...
$485,000
Neighborhood: Lake Forest
4
Beds
3
Baths
2,976
Sq.Ft.
1994
Year Built
95
Days on Site
1591493
MLS
Welcome to 654 Lake Forest Lane. This waterfront home's muted yellow & maroon coloring have likely caught your eye before. The perfect combination of color, class and comfort make this one memorable....
$549,000
Neighborhood: Lake Forest
3
Beds
3
Baths
2,524
Sq.Ft.
1988
Year Built
217
Days on Site
1616538
MLS
New price! Seller says ''COME TAKE A LOOK!'' Come quickly! This 3+ bedroom home on THREE waterfront lots offers great PRIVACY, VIEWS and OPTIONS for a small OR large crowd to enjoy lake living!...

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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