Million dollar luxury home sales in Louisville KY
I can feel the housing economy is getting better and I wondered about luxury home sales in excess of 1 million dollars. The Hollinden Team decided a little research was in order.
In 2011 there were 21 homes that sold in excess of a million dollars in the 5 county area of Greater Louisville. Excluded were sales with excess farm acreage. Only Jefferson and Oldham counties had properties that met these qualifications. All homes were existing homes with the exception of one that was new construction.
The average asking price was $1.72 million and average sales price was $1.43 million with an 81.2% sale to list ratio. Average days on market were 325 days.
The averages weren’t near as much fun as pulling out other data. Six of these sales happened in 36 days...