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 info@MLSKY.net 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 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.