Most Popular Streets in The Highlands

Highlands StreetThe most popular streets in The Highlands in this instance might be better described as: the streets that have shown the most activity with regards to the real estate market since the beginning of the year.  Here is a map of what I mean when I say “The Highlands”.

It is no secret that the Highlands real estate market is very hot right now.  But…Is it only right now?  I personally would always categorize the Highlands as one of the best real estate markets in Louisville, if not the best.  There are plenty of reasons for this…

First, the Louisville housing market in general is steady.  As a city, we will never see 18% increases in property value over the course of a year (like areas of California have seen in the past).  This is a good thing.  The higher you stand, the harder you fall.  We tend to creep upward at a solid 2%-5% per year.  The Highlands tends to stay in the higher end of that increase.  Even in a down market, The Highlands has stayed strong.  I’m not saying people haven’t lost money on their Highlands homes in the last few years, but definitely less than most areas of the country.  If you lost money, you didn’t buy the house properly, which means your Realtor didn’t do you any favors.

Second, the Highlands is a desirable area of town because of it’s location and amenities.  Real estate in convenient, desirable areas of town will sell faster and for higher dollar than areas without nearby amenities.  The Highlands is close to downtown, close to expressways, and contains its own large collection of restaurants, shops, boutiques, and pubs.  We have 3 grocery stores, 3 farmer’s markets, and you can walk to just about anything.

Third, the statistics provided by our local MLS say so.  I can show you any number of statistics pulled right from our local board of Realtors that will tell you exactly how hot the Highlands real estate market is.  Since the beginning of 2013 there have been 323 new properties introduced to the Highlands market.  Of these, the average listing price is $293,277 and the median is $249,900.  This means that if your home’s value is between $200,000 and $300,000, you RULE this market.

There are currently 120 single family homes for sale in the Highlands.  They have been on the market for an average of 71 days with the average listing price of these active listings being $394,112 and the median price being $281,500.

There are currently 103 single family homes that are under contract in the Highlands.  They have been on the market for an average of only 33 days.

I could go on and on, but I think I have made my point about The Highlands being a top notch real estate market.  So which streets have seen the most activity this year?

Street                      Sold       Pending     Avg Days on Market       Avg Price

Alanmede Rd                   2                   1                                  15                               $138,333
Alfresco Pl                        1                    1                                  14                               $204,550
Ashwood Dr                     2                   0                                  25                               $318,000
Baringer Ave                   2                    1                                  43                               $388,333
Bonnycastle Ave            3                    2                                  65                               $240,280
** one of the five homes on Bonnycastle sat on the market for 255 days.
The other four homes were 3, 6, 9, and 54 days.
Blvd Napoleon                2                    0                                   3                                $306,325
Breckinridge St                2                    0                             101 / 3                          $145,000
Brighton Dr                      3                     1                                  53                              $245,525
Broadmeade Rd              2                    0                                   6                                $180,850
Caldwell St                        3                    0                                  89                              $138,500
Cherokee Rd                    1                     1                                 172                             $833,300
Christy Ave                       2                    0                                  18                               $95,750
Cowling Ave                     1                    1                                   23                              $410,000
Deer Ln                              0                    2                                    6                               $207,950
Deer Park Ave                 2                    0                                   15                             $265,450
Deerwood Ave                2                    2                                   11                              $196,850
Dorothy Ave                    1                    1                                   78                             $537,500
Douglass Blvd                  3                    1                                   63                             $209,725
Dundee Rd                        2                    1                                   22                             $211,233
Eastern Pkwy                    4                    1                                  104                           $311,580
Eastview Ave                   1                     1                                   20                            $202,450
Edenside Ave                   2                    0                                   34                            $300,000
Edward St                          1                     1                                   65                             $266,950
Emerson Ave                   1                     4                                   40                            $237,080
Everett Ave                      2                     2                                  33                             $337,687
Fernwood Ave                2                     0                                  34                             $188,450
Gresham Rd.                    2                     0                                  43                             $243,950
Harvard Dr                       2                     0                                  13                             $235,500
Hawthorne Ave              2                     3                                   7                               $207,160
Highland Ave                  2                      1                                  24                             $165,633
Lakeside Dr                      2                      0                                 52                             $292,500
Landor Ave                      2                      0                                   7                              $305,000
Longest Ave                     1                      1                                  22                             $622,500
Manchester Rd               2                      1                                    8                              $227,667
Meadow Rd                      3                      0                                  68                             $342,667
Midland Ave                    2                     0                                   26                             $330,000
Rosewood Ave                1                      3                                  11                              $322,475
Rutherford Ave              2                     2                                   84                             $345,475
Saratoga Dr                      3                     0                                   62                             $393,333
Shady Ln                           4                     2                                   16                              $228,525
Stevens Ave                     3                     1                                   37                             $193,500
Strathmoor Blvd            1                     2                                   55                             $296,050
Tennyson Ave                3                     0                                   11                              $299,966
Trevilian Way                 2                     4                                   38                              $264,098
Tyler Ln                            2                     3                                    11                              $247,380
Tyler Pkwy                      0                     3                                   33                              $224,667
Winston Ave                   3                     0                                   11                              $241,833
Woodbourne Ave         4                     4                                   39                              $233,412

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