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The most expensive homes sold in Jefferson County in February 2022 (PHOTOS)

The most costly houses offered in Jefferson County in February 2022 (PHOTOS)

There have been 10 houses in Jefferson County that offered for greater than $1 million throughout the month of February. That’s up from seven in January, consistent with Louisville Business First. Below, Louisville Business First once more took their per month have a look at Louisville’s most costly houses offered — this time for February 2022.The most costly domestic offered within the county final month was once $3.55 million, whilst the “cheapest” domestic right here went for a paltry $660,000. (Cue up Good Charlotte’s “Lifestyles of the Rich & Famous.”) All of the above are within the gallery connected within the article above and underneath.As standard, they have been having a look at unmarried family members houses most effective on this gallery. To handle an apples-to-apples comparability, they left off multi-home gross sales, vacant quite a bit, condo constructions and duplexes.According to the Greater Louisville Association of Realtors, domestic gross sales in Greater Louisville declined for the 5th consecutive month because of extraordinarily low provide and emerging rates of interest.Total present domestic gross sales, together with single-family houses, condominiums, and townhomes, diminished 9.06% from 1,192 in February 2021 to one,084 in February 2022.The median domestic sale worth in February was once $235,250, up 12.02% from February 2021 when it was once $210,000. The reasonable domestic sale worth was once $282,755, up 14.95% from $245,978.While emerging rates of interest later this yr must moderately curb call for, the native marketplace will nonetheless have inadequate provide. In February, there was once not up to one month of provide in Greater Louisville, a liberate from the affiliation stated. A balanced actual property marketplace provides between 3 and 6 months of provide. “We continue to see extremely low inventory due to record demand and fewer active listings,” stated GLAR President Paula Barmore. “Buyers anticipating higher interest rates are generating more demand even though rates remain at lower historical levels.”National Association of Realtors Chief Economist Lawrence Yun defined the have an effect on of emerging rates of interest at the nationwide actual property marketplace.”First, some moderate-income buyers who barely qualified for a mortgage when interest rates were lower will now be unable to afford a mortgage,” he stated within the liberate. “Second, consumers in expensive markets, such as California and the New York City metro area, will feel the sting of nearly an additional $500 to $1000 in monthly payments due to rising rates.”You can see a slideshow of all of the houses in Louisville Business First’s whole article right here.

There have been 10 houses in Jefferson County that offered for greater than $1 million throughout the month of February. That’s up from seven in January, consistent with Louisville Business First.

Below, Louisville Business First once more took their per month have a look at Louisville’s most costly houses offered — this time for February 2022.

The most costly domestic offered within the county final month was once $3.55 million, whilst the “cheapest” domestic right here went for a paltry $660,000. (Cue up Good Charlotte’s “Lifestyles of the Rich & Famous.”) All of the above are within the gallery connected within the article above and underneath.

As standard, they have been having a look at unmarried family members houses most effective on this gallery. To handle an apples-to-apples comparability, they left off multi-home gross sales, vacant quite a bit, condo constructions and duplexes.

According to the Greater Louisville Association of Realtors, domestic gross sales in Greater Louisville declined for the 5th consecutive month because of extraordinarily low provide and emerging rates of interest.

Total present domestic gross sales, together with single-family houses, condominiums, and townhomes, diminished 9.06% from 1,192 in February 2021 to one,084 in February 2022.

The median domestic sale worth in February was once $235,250, up 12.02% from February 2021 when it was once $210,000. The reasonable domestic sale worth was once $282,755, up 14.95% from $245,978.

While emerging rates of interest later this yr must moderately curb call for, the native marketplace will nonetheless have inadequate provide. In February, there was once not up to one month of provide in Greater Louisville, a liberate from the affiliation stated. A balanced actual property marketplace provides between 3 and 6 months of provide.

“We continue to see extremely low inventory due to record demand and fewer active listings,” stated GLAR President Paula Barmore. “Buyers anticipating higher interest rates are generating more demand even though rates remain at lower historical levels.”

National Association of Realtors Chief Economist Lawrence Yun defined the have an effect on of emerging rates of interest at the nationwide actual property marketplace.

“First, some moderate-income buyers who barely qualified for a mortgage when interest rates were lower will now be unable to afford a mortgage,” he stated within the liberate. “Second, consumers in expensive markets, such as California and the New York City metro area, will feel the sting of nearly an additional $500 to $1000 in monthly payments due to rising rates.”

You can see a slideshow of all of the houses in Louisville Business First’s whole article right here.



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