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HUD Foreclosure Deal of the Day for $55,000

1271 Lucas Ave Louisville KY 40213.


This home at 1271 Lucas Ave is for sale for $55,000 and is tax assessed for $102,700.  Qualifies for FHA 203b rehab loan for the estimated $3,300 in needed repairs.  These HUD deals are in my opinion the best buys right now.

Click here for link to listing.     Email or call 502-509-5131 for more information on how bidding on a HUD home and a FHA rehab loan works or click on "Schedule Showing" when viewing the listing.  Ask for Mike Hall-Principal Broker


Louisville Housing Market Update June 2012

Louisville Home Sales have increased 15% through May 2012.


2012 year-to-date home and condo sales in the Greater Louisville area are at 4673 units through May 31st which is 15% above the 4070 homes sold through the same period last year.   Prices are also up 4.2% to an average sales price of $163,013 from $156,388 in 2011.

The average sales price of $163,013 is almost back to 2005 levels.   Prices peaked in 2007 at an average sales price of $167.721.

Click here for the graph showing the trends since 2003.   Many properties are selling in less than a week and getting multiple offers.   All is a good sign our market is returning to a healthier state and looking good for the future.

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