Real Estate

Springhurst Home Sales Report: 1Q 2017

Photo of home in White Blossom: Springhurst real estate Louisville KY

And we’re off! 2017 is working to improve upon a record setting 2016. Springhurst, as a neighborhood, is fairly large but is still a quite small sample size.

Plus, keep in mind that there are a good number of smaller, less-expensive condos that make up a decent portion of home sales each month. So obviously, those numbers bring the average sale price value lower.

Here we go!

Charts of Springhurst real estate report through March 2017.

Not a great month for Springhurst real estate but at least sales are moving higher!

Springhurst Home Sales

For the 1st quarter of 2017, there were 9 homes sold in Springhurst neighborhood which is three homes fewer properties than was was sold 1st quarter of 2016.

Please don’t forget that the number of homes sold is, of course, dependent entirely on how many homeowners decide to list and sell their properties. So it doesn’t reflect the value change of all the homes in Springhurst, just those that exchanged hands.

The average Cumulative Days on Market (cDOM) for this quarter was a speedy 33 days. That’s much faster than our city as a while.

If you are interested in learning what your Springhurst home is worth, please contact me and we can schedule a time for me to come by for a viewing.

Springhurst Home Values

The average sales price in the Springhurst neighborhood was $364,439 during 1Q 2017. This is a 7.6% increase from the same period last year.

Here are the values for quarter #4:

1Q 2017
Number of Homes Sold: 9
Average Sale Price: $364,439

If you have specific questions about Springhurst or any other Louisville neighborhood, I’m always happy to help!

Note: Our sample size, even in a whole quarter, is very small. Springhurst has a decent number of less expensive, patio homes and condos. If more of those are the ones that sell then the average comes down.

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About the author

Tre Pryor, Realtor

Tre Pryor is an Internet-veteran turned tech-savvy Realtor. One of the top Louisville agents, you can find his work at InsiderLouisville.com, Louisville Homes Blog or follow him on Google+ or Twitter.
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