The most expensive homes sold in Jefferson County (June 22-28)

Kentucky is among the states that spend the least on home improvements.

That’s according to a recent study conducted by Contractor Growth Network, a Charlotte, North Carolina-based company that offers digital marketing for contractors. The study analyzed home improvement expenditures compared to the median household income across every state, as reported in the Consensus Business Builder between December 2021 to December 2022.

The Bluegrass State was No. 6 on the list of states that spend the least. The commonwealth, with a total population of 4.5 million, has a median household income of $55,454, and each household spends $2,845 on home improvements, totaling 5.1% of the median household income.

And while states like Kentucky, New Mexico, Arkansas, West Virginia and Mississippi aren’t spending as much — the home improvement market is expected to grow. Home improvement market sales totaled $558.3 billion in 2022 and it’s projected to reach $621.3 billion by 2025, Contractor Growth Network said.

Renovations are certainly something people consider when planning to list their homes. In our latest most expensive home sales list, a few of the properties have seen significant updates, as is visible in historical photos on the Jefferson County Property Valuation Administrator’s website. Of course, there’s a couple of newer construction homes, too.

Check out the latest roundup in the gallery below.

As always, we’re only considering single-family homes in this gallery. In order to ensure an apples-to-apples comparison, I left off vacant lot sales, multi-home purchases, apartment complexes and duplexes.

More residential news

Speaking of remodels, Bailey Design + Build finished up the renovation on its 1,800-square-foot office at 201 Meridan Ave. in St. Matthews.

The firm provides design and remodeling services for many areas around Louisville, including Anchorage, Hunting Creek, Hurstbourne, Lake Forest, Middletown, Norton Commons, Prospect, Saint Matthews, Windy Hills, Crestwood and Longwood, Eleanor Tolbert reports. Read more here.

Bailey Design + Build is No. 2 on Louisville Business First’s largest full-service remodelers list. Its expected full-year revenue for 2023 is $6 million.


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