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Springhurst Home Sales Report: 4Q 2017

Photo of green space in Springhurst Gardens: Springhurst real estate Louisville KY

There’s a great deal of green space in the neighborhood of Springhurst. Great spot for the kids to play!

Time for our quarterly Springhurst real estate report.  Here’s where we track the number of homes that sold and the average for all those properties. this will give us a very general idea of how our neighborhood performed. When I say “our” that’s because… I live here too!

Without further ado, here’s our Springhurst Quarterly Real Estate Report in easy-to-read, chart format.

Charts of Springhurst real estate report through December 2017

About what you might expect for a 4th quarter result.

Springhurst Home Sales

After an astounding 3Q, things came back to Earth in our fourth quarter results. There were only 8 closings in the neighborhood from October through December. This happens to be the same total for 4Q 2016.

Springhurst Home Values

The average sales price in the Springhurst neighborhood jumped to $380,875 for 4Q 2017. Compared to the number from a year ago, this is a 10.44% increase! Not bad, not bad.

Remember, this is only for homes that have sold. It doesn’t consider pending sales. When homeowners don’t sell their properties, this report doesn’t consider them as part of this calculation.

Note: These changes don’t reflect the home values of any Springhurst homes that have not been listed for sale. It’s really just a simple way to get a general feel for what home values in our Springhurst neighborhood are doing.

Here are the values for our most recent quarter:

4Q 2017
Number of Homes Sold: 8
Average Sale Price: $380,875

If you’d like to know the value of your Springhurst home, please contact me. I’m always happy to help!

The average Cumulative Days on Market (cDOM) for this quarter was an ultra-fast 26 days which is much faster than our Louisville city-wide.

 

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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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