Now we’re into our second quarterly edition for the Springhurst homes sales report. If you missed the first one, you can check it out here.
In this report we’ll take a look at both home sales and home prices for properties sold during the first quarter of 2016. All in one, handy-dandy chart. Do the kids say that anymore? Wait… don’t answer that.
Let’s dig right in!
Springhurst Home Sales
There were 11 homes sold from January through the end of March in the Springhurst neighborhood here in Louisville, KY. Looking back at last year, this was the exact same total.
It’s very interesting how similar these two quarters are!
Springhurst Home Values
Did I say similar? It’s almost mirror images of one another. The average sale prices of homes sold during 1Q 2015 was $339,345. This year it’s $340,748. Talk about spot on!
Looking at the blue line in our chart as a trend, we can see that it’s gently moving higher. Nothing dramatic, but solid improvement for our wonderful neighborhood.
Here in the raw data from the most recent quarter:
1Q 2016 Number of Homes Sold: 11 Average Sale Price: $340,748
As always, if there’s anything I can do to help you, please don’t hesitate to ask.