Louisville Magazine

MAY 2012

Louisville Magazine is Louisville's city magazine, covering Louisville people, lifestyles, politics, sports, restaurants, entertainment and homes. Includes a monthly calendar of events.

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GIMME SHELTER ZONE AREA 1a 1b 2 3 4 5 6 7 8 9 11 22 21 (CENTRAL DOWNTOWN DISTRICT/OLD LOU/ BUTCHERTOWN) (DTOWN/OLD LOU./SHIVELY/WEST LOU/BUTCHERTOWN) (BUTCHERTOWN/HIGHLANDS/GERMANTOWN) (CLIFTON/CRESCENT HILL/ST MATTHEWS) (PLEASURE RIDGE PARK/VALLEY STATION/SHIVELY) (AUBURNDALE/FAIRDALE/IROQUOIS PARK/SHIVELY) (BUECHEL/HIGHVIEW/OKOLONA/FERNCREEK) (FERN CREEK/HIKES POINT/JEFFERSONTOWN) (DGLASHLS/HURSTBRN/MDLTWN/ANCHRG/STMATT) (ANCHRG/GLENVIEW/LYNDN/PROSPECT) (BULLITT CO) (OLDHAM CO N-I71) (OLDHAM CO S-I71) How's your neighborhood doing? OK, we all know the housing bubble burst like a thin-skinned balloon back in 2008, tanking the market and grinding the economy to a halt. Things feel better now — and, for the most part, the data shown over the next several pages bear it out. The real-estate agents we talked to for this package sounded cautiously optimistic, noting strong year-end sales and a promising start to 2012. So if you own a house in Louisville, how did you survive the boom and bust? Numbers crunched by the Greater Louisville Association of Realtors provide a snapshot of the metro market before, during and after the housing boom. Sales of Single-Family Homes by Zone UNITS SOLD AVERAGE % CHANGE % CHANGE MEDIAN 2011 86 784 832 648 582 687 1,142 1,141 807 939 741 366 346 2011 $135,035 $39,324 $184,679 $251,422 $84,062 $90,628 $116,879 $161,536 $258,469 $253,319 $139,213 $309,031 $231,387 SINCE 2007 SINCE 2001 2011 -11.25% (1) N/A -34.67% -0.93% 6.77% -18.95% -22.35% -11.61% -8.56% -7.94% -6.29% -6.28% 0.00% -9.54% -34.97% 30.48% 30.69% -11.78% -10.53% 7.04% 12.83% 13.97% 19.64% 14.54% 44.95% 20.48% Sales of Single- Family Homes by Zip Code To get an even better idea of how specific neighborhoods have fared over the last decade, pre- and post-housing bubble, we broke down sales by zip code with neighborhoods in parentheses. Note the strength of the Lower Highlands as well as high- end 'hoods Indian Hills and Mockingbird Valley. The strong numbers for Downtown since 2001 reflect the absence of practically any residential housing a decade ago. ZONES 65 3 1 4 5 2 264 7 65 6 265 11 SOURCE: THE GREATER LOUISVILLE ASSOCIATION OF REALTORS [50] LOUISVILLE MAGAZINE 5.12 64 9 22 71 8 ZIP CODE (NEIGHBORHOOD) 40202 (DOWNTOWN) 40203 (RUSSELL/PORTLAND) 40204 (LOWER HIGHLANDS) 40205 (UPPER HIGHLANDS) 40206 (CRESCENT HILL) 40207 (INDIAN HILLS/MOCKINGBIRD VALLEY) 40059 (PROSPECT) 21 40299 (JEFFERSONTOWN) 40223 (ANCHORAGE) 40242 (GOOSE CREEK) 40219 (OKOLONA) 40214 (IROQUOIS) 40216 (CANE RUN) 40212 (SHAWNEE) 40056 (PEWEE VALLEY) 40014 (CRESTWOOD/OLDHAM CO.) UNITS SOLD 2011 20 76 199 358 215 446 286 461 274 123 266 357 330 141 39 231 $107,950 $20,300 $151,000 $210,000 $79,000 $82,000 $113,000 $143,500 $226,000 $210,000 $129,500 $268,000 $224,700 -54.89% 0.73% 7.69% -20.28% -23.72% -8.14% -6.15% -5.83% 3.70% -1.89% 10.74% -3.35% % CHANGE % CHANGE % CHANGE SINCE 2007 SINCE 2001 0.89% (1) N/A -59.40% 25.83% 40.00% -12.20% -8.89% 8.65% 11.24% 15.31% 21.74% 23.33% 51.84% 24.90% (1) IN 2001, CENTRAL DOWNTOWN, OLD LOUISVILLE AND BUTCHERTOWN WERE NOT GROUPED TOGETHER MEDIAN 2011 % CHANGE $219,500 $32,850 $142,000 $205,000 $139,900 $225,000 $358,000 $159,000 $192,450 $147,900 $98,000 $77,000 $70,000 $13,500 $168,900 $241,500 SINCE 2007 SINCE 2001 -1.27% -36.65% 5.58% -4.65% -7.96% 6.13% -3.11% -6.42% -0.76% -7.56% -13.27% -29.99% -28.90% -47.06% 1.29% -2.77% 151.22% -21.79% 35.95% 35.76% 17.56% 42.86% 31.86% 17.94% 14.76% 16.00% 0.51% -14.44% -23.08% -63.27% 16.48% 23.85%

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