Oldham County

The 3rd annual North Oldham High School (NOHS): 2009 Tis The Season Artisan and Spirit Fest is coming up November 14, 2009 at the North Oldham campus, and will be open from 9:00 am – 4:00 pm.

For those wondering what its all about:  think St. James Court Art Fair with an Oldham County KY flair.

Some of the highlights of the event include picture opportunities with Santa Claus, crafts for children, and a host of winter time treats will be available such as chili, cider & baked goods.

There is still some room for artists and artisans to participate – so if you want to be a part of this great event, you better get your application in ASAP.  Call (502) 442-3173 for more information.  But, better hurry if you have interest, space is limited and…

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…

While the Louisville real estate  market has been fairly immune to the slowing market nationally, the latest data is now showing that things are starting to soften somewhat in regard to the sale of single family residential homes and condos.

Before we get into the August 2008 numbers, I wanted to recap all of the numbers for this year.  So, lets take a look at the data and see what we can make of it:

January 1 – August 31 2007

Homes Sold 10513

Average Sales Price $174,428

Median Sales Price $140,000

January 1 – August 31 2008

Homes Sold 8021

Average Sales Price $170,711

Median Sales Price $137,000

So, as you can see – theres been a fairly stiff decrease in the number of the Homes Sold in Louisville this year of nearly…

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…

As some of you may recall the earlier article written hereregarding the proposed Oldham County Kentucky airport that is currently being sought along the Oldham County and Shelby County Kentucky line.

There is now an active voice of opposition against the idea and it is being spear headed by a recently formed coalition called No Oldham Airport (NOA).  The group held its first coalition meeting on January 10, 2008 and the main organizer taking charge of things is Jim Pearson.

More than 600 Oldham County KY homes owners attended the meeting and supported the opposition of having an airport placed in the county.  Some interested Shelby County KY homes owners that reside along the county line were also in attendance to show their support of the…

As some of you will recall the article regarding the Oldham County Kentucky Schools  voting, its now official: Oldham County will be redistricting and reassigning 1000 students to new schools.

This approval was done unanimously by the Oldham County Board of Education – and over some protests and disagreements from various parents of children that are attending the schools within the county. Parents criticized that they were not given an adequate voice for the process and that they went more or less unheard for input on the proposal.

The school officials held their ground that they had adequate input from parents, and that revisions that were made reflected the concerns of most parents of children within the school system – and that these…

The Louisville Kentucky newspaper The Courier-Journal published an aricle today regarding the Oldham County Board of Education, and possible redistricting vote that is to take place this evening.

For reference, voting is tonight Monday February 25, 2008 at 6:00 pm EST at the Oldham County Middle School located at 4305 Brown Boulevard, in Buckner Kentucky.

The school redistricting discussion has been something that has been heavily discussed by everyone for the past month.

The proposal as currently presented would potentially affect and relocate 1,000 elementary students to new schools for the next school year.  As with everything, there are exceptions:  3 neighborhoods will be able to remain at the current school  (they were granted exemptions…

The Wednesday January 23 2008 edition of the Louisville KY newspaper, The Courier-Journal contained an interesting article regarding that new homes for sale in Louisville KY are down significantly for the year 2007, and will be dropping sharply for 2008.

To review, if you look at the amount of building permits that were issued from 2005 through present, there is an approximately 35% decrease in the number of permits issued through 2007.  The specific numbers are as follows:

Jefferson County  2007   2098 permits issued

Jefferson County 2005   3212 permits issued

Oldham County 2007  610 permits issued

Oldham County 2005  358 permits issued

To cite a real example by looking at one of the largest regional new home builders in the…

The Louisville KY newspaper The Courier-Journal had an interesting article today regarding LaGrange Kentucky real estate  sign regulations.  To bring everyone up to speed – last year in the Spring of 2007, the La Grange City Council approved and passed a new stricter sign and lighting ordinance that affected all properties within the community.

Its intent was to help preserve some of the charm and quaint feeling that this lovely area provides.  However, after almost a year of implementation, feelings have changed that the ordinances were perhaps too strict and restricted growth of possible new businesses in the area – particularly new small owned businesses.  Some of the restrictions included currently are a ban on electronic signs, internally…

Single family home prices decreased across the United States for the first time since 1994 according to a recent report prepared by Global Insight & National City Corp.

The drop came in the 3rd quarter of 2007 when the median value of a home in the United States decreased by approximately 1%.  Approximately half of all metropolitan areas saw a decline.

This is an interesting point to note – because until this most recent study, the stronger real estate markets in the US have helped buoy up the other markets that were bringing the overall numbers down.  This is an indication that the other markets that have been fairing well even in a softer real estate market, may be slowing down and are not able to carry the rest of the other markets across the…