Prospect, KY Real Estate News

By Tre Pryor, Realtor, e-PRO - Louisville Kentucky
(REMAX Champions)
For the past 30 years, Hunting Creek has been the standard of luxury homes and condos in Prospect. New neighborhoods, like nearby Sutherland, have come and surpassed it. With the addition of the Hunting Creek Estates section, the battle is on again. There are some amazing homes in this neighborhood! My camera's batteries died last time out so I was only able to get a few shots, but soon I'll add some of the original neighborhood, complete with golf course, tennis courts, clubhouse, and the rolling hills that this neighborhood is known for. Please check back soon! Read More »
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By Dave Halpern, Louisville Short Sale Expert
(Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827)
Articles and blogs nationwide report that only 15% to 25% of short sale transactions close. However, I close dozens of short sales a year with a success rate of about 80%. We are striving to increase our success rate to above 90%. Guess what the primary reason for short sale failure is in our office; Lender inefficiency? No High BPO's? No Buyers backing out? No The number one reason? The sellers themselves! We can persevere with the lender.  We can appeal the high BPO. We can find new buyers if the current one backs out. But when the seller loses focus it's hard to get them back on track. The vast majority of sellers that we are helping are extremely responsible, organized and focused on the task at hand. They are great team players and are appreciative of the monumental hoops we have t...
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By Greg Fleischaker, Louisville's real estate podcast
The asking price of homes for sale in Prospect, Ky has been hovering right around $500,000 for the past few months, with very little variation at all.  If you look at the graph below, you will see only a few bumps along the way, with the median asking price very solidly at $500,000. If you have any questions about Prospect Ky real estate, or Louisville real estate in general, please visit my website at www.GregFly.com.  Also, please feel free to call anytime or send me an email at greg@gregfly.com.
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By Greg Fleischaker, Louisville's real estate podcast
While doing a little research for homes in Prospect, Ky, I decided to compared the asking price of homes currently for sale in Prospect to the smaller group of homes just coming on to the market in any given week.  There is a very discernable difference between the two numbers, and lately, the number has only been getting bigger and bigger, with almost $55,000 separating the two variables.  Think about that for just one second:  If you are a home owner in Prospect, with a home for sale around $500,000, and the new listings are coming on the market for $450,000, that is going to seriously affect your chances of finding a buyer any time soon.If you have any questions about Prospect or Louisville real estate in general, please visit www.lsir.com. 
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By Greg Fleischaker, Louisville's real estate podcast
  On a few of my other blog sites, I have recently written an article or two about the current real estate market in Prospect Ky.  Here is a chart that I did not share on any of those sites, but still found it interesting.  According to the good folks at Altos Research, where I get most of my data, a market action index for any area that is below 30 falls squarely into a buyer's market, with the lower the number being indicative of just how far into that buyer's market your area is.  With that in mind, let's look at the chart above.  On September 17th of this year, the Median Market Action Index for Prospect Ky was just at 19, a solid buyer's market.  Now, about one month later, maybe five weeks, the measurement is 12, a pretty steep fall.  The good news is that this may just be normal...
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By Daren Bailey
(Coldwell Banker McMahan)
Just saw a listing come up for a house that is across the street from the Ohio River in Prospect, $188,000. It says it has deeded access to the river. Looks in decent shape from the photos. Never know though until you go through it. It was listed in april for $315,000. May be a deal if you are looking to get close to the Ohio River. Foreclosure near the River Let me know if yo want to go through it.
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By Daren Bailey
(Coldwell Banker McMahan)
Prospect, KY Neighborhoods Before just throwing you in to all the homes for sale in Prospect, Ky, I wanted to try to give you a little upfront info to help with your search. There are several great neighborhoods in Prospect, KY. Many have clubhouses, pools and Tennis and there are also Country Clubs that have social and full memberships available to purchase. Below is a brief breakdown of neighborhoods in Prospect, KY. It gives the basic home sizes and price ranges for each neighborhood. click on the link below each description and it will take you to homes in that area that are currently for sale. Wolf Trace (Jefferson County) Homes Sizes 1500-2500 SQF Age Around 10 years old Price Range $200's-$250's Wolf Trace Homes for Sale Hunting Creek and Hunting Creek Estates (Jefferson County) ...
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By Jeff Johnson, Proud To Be Your Realtor
(On the Move)
The city of Prospect gets it's name from the Latin derivative for the word view.  Well this is indeed appropriate.  The cities origins began in the late 1800's mainly as a farming community.  It was not until the 1960's with the development of Hunting Creek Subdivision complete with a golf course that the town started to gain momentum. Some of the current primary developments include Hunting Creek Country Club, Hunting Creek Subdivision, Wolf Trace, Sutherland, Norton Commons and Fox Harbor Subdivision.  Today's population is just under 9000 happy and educated folks.  Prospect has the highest percentage of college graduates in the state with 74.4% having at least an undergrad degree.  It also is one of the wealthiest cities in Kentucky.  The residents of Prospect play just as hard as th...
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By Daren Bailey
(Coldwell Banker McMahan)
After long negotiations, The City of Prospect has agreed to pay just over $700,000 for 25 acres behind city hall in Prospect. Putney Pond that is on the property is about 4 arces. They are buying the land from Steve Cox, a local developer, to keep it as green-space and a possible future park for Prospect. About half of the money to buy the land will come from a state grant Prospect got back in 2006. For more information about homes, schools and living in Prospect, KY see Prospect, KY and the Oldham County Relocation Guide.
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By Tre Pryor, Realtor, e-PRO - Louisville Kentucky
(REMAX Champions)
There's a great deal of development in and around Springhurst and Prospect here in Louisville. One neighborhood is Wolf Pen Springs, where new, custom homes are being built from the mid $500k. Right off Chamberlain Lane, directly across from Norton Commons, Wolf Pen Springs is close to everything in Louisville's far east end. Large brick two-stories are the norm here in Wolf Pen Springs. There are a good number of lots still available if you would like to build your own custom home in this neighborhood.
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By Tre Pryor, Realtor, e-PRO - Louisville Kentucky
(REMAX Champions)
Norton Commons is Louisville's very own 150-acre planned community, complete with both residential and commercial properties. There are plans to build an elementary school and there's even government buildings. It has it all! Located in the East End of Louisville within Prospect, across the street from Glen Oaks and near both Springhurst and Anchorage. For new home buyers, it's a must see!  Norton Commons is a very hot part of Louisville's real estate outlook.
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By Tre Pryor, Realtor, e-PRO - Louisville Kentucky
(REMAX Champions)
Sutherland is a prestigeious neighborhood in the End End portion of Louisville, in the city of Prospect. Just east of the Gene Sndyer freeway on Highway 42, Sutherland has a lot to offer a high-end buyer. Homes here are both gorgeous and large. The signature stone bridge entrance passes over a multi-segmented lake complete with fountains. Our first example is a large, two-story brick home resting on a cul-de-sac lot. There is a great diversity of home styles in Sutherland, but each has a special touch that makes this neighborhood one of the city's finest. 
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By Pat Killeen
(VanDyk Mortgage Corporation)
Mortgage - Lease Option- Rental Houses- Stop Paying Rent Forever! Six Helpful Tips To Help Save First-time Homebuyers Money... And Anxiety! http://www.linkedin.com/in/louisvillekentuckyhomes Pat Killeen - Mortgage Advisor VanDyk Mortgage Corporation   With interest rates hovering around their thirty year lows, a multitude of flexible and low cost loan programs are available as well as a wide variety of assistance programs that can help virtually anybody experience the joy of homeownership.  In short, the economic environment simply couldn't be better to buy your first home.    However, if you have always been a renter than you probably aren't as well informed of the intimate processes of obtaining a home mortgage, as you'd like to be.  To guide you through this exciting but often confus...
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Prospect, KY Real Estate Professionals