Real-Estate

greater louisville association of realtors

LouisvilleKY Area Home Sales up 3.6% and Average Price up 5.9% with Improving Inventory

  Louisville, KY  – The Greater Louisville Association of Realtors® (GLAR) reported sales up 3.63% year-to-date (YTD) for 2017. Sales in August were 1,811 versus 1,686 last August representing a 7.41% increase. The average price YTD was up 5.89% and the median price was up 5.23%. In Jefferson County, the average price in August 2017 was $204,575 and the median was $170,000. For all MLS areas, the inventory of available properties was 14.15% lower than at the same time last year. In Jefferson County, the inventory of homes and condos for sale was 11.01% lower than August 2016. Inventory in Oldham…


paristown

Officials break ground on $28 million Paristown development in LouisvilleKY

Co-anchors include Louisville Stoneware, The Kentucky Center and Goodwood Brewing Co. LOUISVILLE, KY  – Mayor Greg Fischer joined state and local officials to break ground on a $28 million arts and cultural district located in the Paristown neighborhood last week. The neighborhood is a wedge-shaped area bounded by Broadway to the north, Barret Avenue to the east, Kentucky Street to the south and an elevated rail line that runs parallel to Swan Street on the west. The project is co-anchored by Louisville Stoneware, The Kentucky Center and Goodwood Brewing Co., and will bring jobs and a variety of restaurant and…


City of Louisville skyline

Property tax rates down again in LouisvilleKY Metro for third consecutive year

Louisville, Ky., – For the third consecutive year, property tax rates will go down for Louisville residents, according to Metro Government’s Office of Management and Budget. “The benefits of our economic momentum reach Metro residents in many ways,” said Mayor Fischer. “A decrease in property tax rates is one of them.” This year, the countywide Metro real property tax rate will go from 12.45 cents per $100 assessed value to 12.35 cents. That change amounts to a one dollar savings for every $100,000 of assessed property value. “Continued growth in our local economy and a strong real estate market are…


greater louisville association of realtors

LouisvilleKY Area Home Sales Up 2.6% and Average Price Up 6.4% with Continued Low Inventory

  Louisville, KY (August 17, 2017) – The Greater Louisville Association of Realtors® (GLAR) reported sales up 2.63% year-to-date (YTD) for 2017. Sales in July were 1,679 versus 1,670 last July representing a modest 0.54% increase. With the continued lower inventory, the average price YTD was up 6.39% and the median price was up 6.88%. In Jefferson County, the average price in July 2017 was $214,532 and the median was $177,000. For all MLS areas, the inventory of available properties was 15.42% lower than at the same time last year. In Jefferson County, the inventory of homes and condos for sale was…


Dixie Highway

Safer exit ramp project kicks off major south LouisvilleKY’s Dixie Highway improvements

Ramp realignment in Shively is first phase of substantial project to transform city’s busiest highway into a safer, more business-friendly destination Louisville, KY., – A long-awaited project to make a Watterson Expressway exit safer is underway, making travel into Shively and Dixie Highway more efficient and less hair-raising for drivers and pedestrians. The construction is the first phase of an accelerated plan to improve safety and traffic efficiency throughout the Dixie Highway corridor – a comprehensive set of projects that will invest more than $50 million along the highway over the next two years in the city’s busiest highway. Mayor…


Varanese

Varanese Restaurant Celebrates 10 Years on LouisvilleKY’s Frankfort Avenue

Party and Retrospective Dinner will be held to honor the 10-Year Anniversary   Photos from Varanese’s Twitter page Louisville, KY (August 1, 2017) – Varanese Restaurant, located at 2106 Frankfort Avenue, has been bringing creative, fresh cuisine and nightly live jazz music to the Clifton neighborhood for almost a decade. Since its opening in August of 2007, over 500,000 people have been served at Varanese. To celebrate this 10-year anniversary milestone, the team at Varanese has planned a community party and a special dinner. The 10th Anniversary Celebration will be held on Sunday, August 20th from5:00pm-11:00pm and will feature live music by Jeff Sherman’s 4-piece jazz band…


Grassa Grammaw

LouisvilleKY’s Holiday Manor Shopping Center to get upscale Italian restaurant

Louisville, KY., – Kevin Grangier and Belle Noble Entertainment Group, LLC, have formalized the company’s plans to locate its seventh experiential dining concept at 2210 Holiday Manor Blvd in Holiday Manor Shopping Center. Grassa Gramma will offer authentic northern and southern Italian fare in an experiential environment, consistent with Grangier’s current concepts The Village Anchor, The Sea Hag Pub, Le Moo Fine Steak House, Blue Moo Supper Lounge, Kevin’s PICNIC and PICNIC Office Catering. Grassa Gramma is loosely translated in Italian to “Plump Grammaw”. The approximately 7,000 sf restaurant and bar will be located at Holiday Manor shopping center in the space formerly occupied…


greater louisville association of realtors

LouisvilleKY Area Home Sales Up with Continued Low Inventory

  Louisville, KY (June 15, 2017) – The Greater Louisville Association of Realtors® (“GLAR”) reported sales up 3.65% year-to-date (YTD) for 2017. Sales totaled 6,794 for the first five months of the year versus 6,555 last year. With the continued lower inventory, the average price YTD was up 7.99% and the median price was up 6.58%. In Jefferson County, the average price in May 2017 was $216,285 and the median was $176,002. For all MLS areas, the inventory of available properties was 17.09% lower than at the same time last year. In Jefferson County, the inventory of homes and condos…


greater louisville association of realtors

LouisvilleKY Area Home Sales Up 1.8% and Median Price Up 8% with Continued Low Inventory

Louisville, KY (May 15, 2017) – The Greater Louisville Association of Realtors® (GLAR) reported sales up 1.84% year-to-date (YTD) for 2017. Sales totaled 5,028 for the first four months of the year versus 4,937 last year. With the continued lower inventory, the average price YTD was up 8.68% and the median price was up 8.0%. In Jefferson County, the average price in April 2017 was $199,947 and the median was $165,000. For all MLS areas, the inventory of available properties was 20.32% lower than at the same time last year. In Jefferson County, the inventory of homes and condos for…


Linak

LouisvilleKY to gain $33 million manufacturing facility

Expansion will create more than 400 full-time jobs for LINAK U.S. Inc. LOUISVILLE, KY (May 9, 2017)— Mayor Greg Fischer and Gov. Matt Bevin today joined company leaders to break ground on LINAK U.S. Inc.’s 145,000-square-foot plant expansion, which will allow the company to double the size of its current facility that manufactures linear actuators for hospital beds, office desks and farm equipment. “LINAK’s expansion and investment in Louisville is a testament to our city’s strength in advanced manufacturing, which is a key component to our economic success – today and in the future,” Mayor Fischer said. “Louisville is proud…