luxury home market

1510 Mahogany Run Dr La Grange KY 40031

1510 Mahogany Run Drive

1510 Mahogany Run Dr. is now under contract. For more information on homes in the area, call the Hollinden Team at 502-429-3866. If tons of square footage is on your criteria list for your next home, you will want to see 1510 Mahogany Run Dr. This lovely 6,169 square foot home in GlenEagles Estates offers six large bedrooms and four and a half bathrooms! In fact, this home is actually one of the largest homes in GlenEagles Estates. Not only is this home on Mahogany Run Dr. spacious, it is also elegant. As you enter into the foyer of this home, you will be greeted by a free standing curved staircase, large formal dining, and living room.

1510 Mahogany Run Drive Front...

Locust Creek Elevator Demonstration

One of the unique features of our newest listing at 19007 Long Grove Way is that it has an elevator.  Of course, we had to check it out and make sure it works.  I will admit that I did have my cell phone with me just in case something went wrong.

As we made the video, we had repair people doing some touch-ups and a cleaning crew going through the entire house.  It takes a while to clean 31 windows inside and out!

There are 20 ...

Hillcrest Homes are selling!

We see over and over that the housing market is in the recovery mode.  We think that a strong example would be the Hillcrest neighborhood in Prospect.  This is a luxury subdivision with homes that are both active and SELLING.  There are 4 pending sales as I write this and there have been 11 completed sales since the first of the year.  Homes here range in price from $400,000 to in excess of $800,000 with the oldest home 11 years of age.  In this price range, you expect to see many homes on the market for a long time, but 5 were on the market less than 45 days. 

The Oldham County School System is always a draw to this area and Hillcrest would be no exception. Oldham County Schools are award winning and highly regarded in KY and a model for which other communities strive to master.

People would...

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 or...