Did Your Neighborhood See Big Gains in Home Price
Depends on where you live ... Hint: East End saw biggest gains
by MIKE HALL Owner/Broker/Agent
The price of coffee has gone up. The price of gas has definitely gone up. But what about the price of homes in your area? Usually, yes, home prices do increase over time but by how much largely depends on where you live in Louisville's Jefferson County.
Tre Pryor of ReMax Champions has been at it again analyzing some data that goes back to 2004. From his analysis, you can see a couple themes emerge:
1. If you own a home on the East End - St. Matthews, Prospect, Crescent Hill and Springhurst name a few, home prices have jumped over 25 percent in the last 10 years.
2. Most other places saw more moderate growth, hovering around 15 to 18 percent including Jeffersontown, Fern Creek and the Highlands.
3. Downtown has gone up, up, and up. While the sample size is small (as Tre points out), this area has seen a 144.2 percent gain. Wowza! That's a good indicator for a hunger for home ownership in the downtown area.
If I didn't mention your neighborhood, check out the full article.