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Wednesday, February 22, 2017

Oldham County Real Estate Statistics

Oldham county real estate statistics January 2016 Inventory continues to lower more and more each month! As I stated in the December 2016 O.C. statistics, we expect inventory to be low in the winter. However, inventory is historically lower than ...  Read More

Monday, February 06, 2017

Oldham County School Quality for Homeowners

Oldham County is in a suburban/rural area in north-central Kentucky, around twenty miles away from Jefferson County. According to the U.S. Census Bureau, Oldham County has a population of around 65,000 people. This area includes the ...  Read More


SHORT SALE HOMES IN LOUISVILLE KY

There may even be one on your street or in your subdivision. The severity of short sale homes in Louisville would be the one thing that is different. We saw home prices in the Greater Louisville Area market go up in the 2005-2007 timeframe, but it did not skyrocket. Therefore, home prices have not had as far to fall.

Short Sales occur when there is not enough money to pay the bank from net proceeds of the home sale. Short Sales can be caused by many things. Among them; divorce, job loss, medical bills, etc. Short Sales can be complicated by the number of liens or judgments and what banks are involved. Short Sales in the Louisville market are an alternative to foreclosure. Another less talked about home sale is the Strategic Short Sale. Here a homeowner can pay the mortgage but chooses not to. Their home may have lost more value than they have equity. There is more detail on Louisville short sales here.

I have compiled several searches to narrow the focus into areas or price ranges.  The following Short Sales will be an opportunity for an investor or a bargain for a homeowner with lots of patience. You can search by the sections of Louisville that you have interest. Or, you can search for the most expensive short sales out of curiosity.

You definitely want a real estate agent that has experience with short sales in KY.

Also, on each area link, I have described the Louisville area boundaries.

All of Louisville including Jefferson, Oldham, Shelby, Spencer, and Bullitt Counties in Kentucky
Area 0 – Central Downtown District including Old Louisville
Area 1 – Downtown, Old Louisville, West Louisville, Shively
Area 2 – Butchertown, Highlands, Germantown
Area 3 – Brownsboro Road, Clifton, Crescent Hill, St. Matthews
Area 4 – Pleasure Ridge Park, Valley Station, Shively
Area 5 – Auburndale, Fairdale, Iroquois Park, Shively
Area 6 – Buechel, Highview, Okolona, Fern Creek
Area 7 – Fern Creek, Hikes Point, Jeffersontown
Area 8 – Douglas Hills, Hurstbourne, Middletown, Anchorage, St Matthews
Area 9 – Anchorage, Glenview, Lyndon, Prospect, Upper River Rd
Area 10 – Nelson County
Area 11 – Bullitt County
Area 12 – Other Counties
Area 13 – Southern Indiana
Area15 – Carroll County
Area 16 – Hardin County
Area 18 – Washington and Marion Counties
Area 19 – Spencer County
Area 20 – Oldham County North of I-71
Area 21 – Oldham County South of I-71
Area 29 – Henry County
Area 30 – Shelby County
Area 31 – Meade County
Area 34 – Trimble County
Prices to $50,000 - Greater Louisville Area
Prices $50,000 to $100,000 - Greater Louisville Area
Prices $100,000 to $200,000 - Greater Louisville Area
Prices over $200,000 - Greater Louisville Area