Jefferson County 
There are currently 31 blog entries related to this category.
David Fenley – Louisville Office Space
Friday, September 2nd, 2011 at 9:45pm. 1704 Views, 0 Comments.
Today, I wanted to spotlight a businessman in the Louisville area: David Fenley. David Fenley is a Louisville office space developer that has specialized in class A office space. His company currently has over 21 office buildings that contains 3,000,000+ sq.ft. of class A office space and the company is one of the largest office developers in the entire state of Kentucky.
David Fenley’s specialty has been to build executive office suites in a more efficient manner than traditional/older class B buildings – offering the opportunity for persons to move up from class B space, to the executive suites – and get it done for less money than if they had stayed in the lower end class B space in the first place. I’m sure some of you are immediately…
Louisville House Prices Decline 5%
Friday, September 2nd, 2011 at 9:38pm. 799 Views, 0 Comments.
The Greater Louisville Association of REALTORs (GLAR) have provided the latest homes prices figures. Louisville house prices have declined 5% in the past year (from October 2007 through October 2008). The current average value for a Louisville home now stands at $130,000. And if you look at it from a multi-county perspective of including Jefferson, Bullitt and Oldham County, there has been a decrease of 22% fewer homes being sold in 2008, relative to the same time frame in 2007. Still, compared to many other markets nationally, Louisville is still holding steady and fairing the tough economic conditions quite well. Many markets saw an 11% decrease last month alone.From an “on the ground” perspective from Louisville Realtors, we’ve begun…
Louisville Homes Prices Fare Well Overall
Friday, September 2nd, 2011 at 9:18pm. 314 Views, 0 Comments.
The most recent numbers are in and Louisville home prices range well overall (especially compared to some of the figures relative to a national perspective). For most of the Louisville homes values – their values have experienced a moderate increase, or slight decrease overall.Some of the exceptions to that broad picture, to cite an example, would be Anchorage KY. Anchorage real estate showed a fairly strong growth from 2007 to 2008, with an average increase of 3.5% appreciation. Oldham County KY real estate fair even better, with an average increase from 2007 to 2008 of 4.6% appreciation. Ok. Ok. So they don’t compare to some of the “Flip My Home” shows you see on TV. But you have to remember the Louisville KY real estate market…
Housing Bailout Possible
Friday, September 2nd, 2011 at 9:03pm. 261 Views, 0 Comments.
President Bush recently stated his belief that a housing bailout was possible. He hopes that a compromise surrounding the proposal can be reached with Congress, but feels that it will be necessary for it to be less about politics and more about actually helping home owners. The Senate is currently discussing a possible $300 billion plan that would provide an ability for cheaper loans for those persons that are at risk of losing their homes but it has been tied up in debate for some time now and may be losing some steam behind the measure. Additionally, the plan would essentially overhaul the Federal Housing Administration.The discussion for the proposed legislation hopes to regain momentum after the legislators get back from a week long break. The…
Louisville KY is Most Livable City
Friday, September 2nd, 2011 at 9:01pm. 987 Views, 0 Comments.
Its official: Louisville KY is the most livable large city in the United States according to the U.S. Conference of Mayors – taking on some very stiff competition from other cities such as Chicago, Miami, Tampa, Albuquerque, Orlando, Seattle, and Las Vegas among numerous others. The Mayor of Louisville, Jerry Abramson, accepted the honor on behalf of the city at the conference’s annual convention. This marks the first time that Louisville KY has won the overall top prize (it has scored well previously in smaller categories such as the outstanding achievements taking first prize for that category twice).The livability awards are judged by numerous urban government specialists – which includes among others, mayors & ex-mayors to evaluate the…
Kentucky Foreclosures Increase 46.1%
Friday, September 2nd, 2011 at 8:58pm. 301 Views, 0 Comments.
Kentucky foreclosures increased 46.1% from the month of April to May 2008. Thats a big increase – but Kentucky still remains fairly well insulated and fairing well in the softening real estate market overall, especially as you begin comparing it to the rest of the United States. Kentucky ranks 38th for foreclosures, placing it well near the bottom.To delve more into the numbers, Kentucky had 745 filings during that time frame which accounts for 1 out of 2534 homes in KY. And if you compare those numbers to a different time frame, like the year previously for May 2007, the rate of foreclosures was only an increase of 2.2%.
Kentucky ranked well, particularly if you examine some of its nearby neighbors. Ohio ranked #9. Illinois ranked #11. With…
Louisville Foreclosure Rate Declines
Friday, September 2nd, 2011 at 8:27pm. 386 Views, 0 Comments.
The Louisville foreclosure rate declined by 48% this year in 2008 compared to the same month in 2007. And this is on the heels of a decline of 8% drop that took place during the 1st quarter of this year (again, using the same frame of comparison of during the same period in 2007).
And if you compare those numbers to the national average that has experienced a 65% INCREASE in foreclosures, you can see clearly that the Louisville real estate market is definitely bucking the trend.
To get into specifics: 288 foreclosure filings were made in the metropolitan Louisville homes market for April 2008. This equates to approximately 1 in every 1874 homes in the area. Nationally, there was approximately 1 foreclosure filing made for every 519…
Louisville Real Estate Zoning Downgrade: Thixton Lane
Friday, September 2nd, 2011 at 2:42pm. 473 Views, 0 Comments.
As some of you will recall an article regarding a requested downgrade in zoning by various Louisville homes owners in the Thixton Lane area in the southern portion of Jefferson County Kentucky. You can read the previous article here.Well, the efforts of those Louisville homes owners apparently worked, as the Louisville Metro Council approved the downgrade in zoning use on approximately 475 acres in the Thixton Lane area. The downgrade in zoning now requires that those properties be developed be done so on tracts of 5 acres or larger for approval.
This is typically a fairly irregular request and the home owners in the area wanted to use it as a means of preventing Louisville real estate development from running rampant in their area and that the…
Louisville Homes Values Increase – Louisville Homes Rate of Sales Decrease
Friday, September 2nd, 2011 at 2:30pm. 345 Views, 0 Comments.
The most recent Greater Louisville Association of REALTORs report is out for the month of January 2008.Louisville homes values increased. The number of Louisville homes sales decreased.
Which is pretty much on par and consistent with how the Louisville real estate market has continued to fair within an overview of a national real estate market perspective.
Delving more deeply into those 2 conclusions, you can see the following:
If you compare the Louisville homes values in January 2007 to January 2008, the median price is approximately $133,800 and indicates a 3% increase from the previous year (which is actually “good” considering many other depressed markets across the country). Some persons see that as a cause for celebration. In…
Louisville Kentucky will host Street Rod Nationals through 2020
Friday, September 2nd, 2011 at 2:26pm. 915 Views, 0 Comments.
Its official. Louisville Kentucky will host the Street Rod Nationals through the year 2020. The Louisville KY newspaper The Courier-Journal recently reported that the National Street Rod Association has executed a contract to have the national show stay in Louisville for more than a decade.The Street Rod Nationals is more than a car show. Its an event. Approximately 30,000 spectators attends the event, and it draws 11,000 classic street rods to the event. The economic impact for the Louisville KY metropolitan area is approximately $15 million per year.
To give some background on the event, it was first held in Louisville in 1992. And the show has been held continuously in Louisville from 1997-2008. The Street Rods Nationals are going to…
