The most expensive homes sold in Jefferson County (June 29-July 7)

Luxury homes are apparently in demand in Louisville.

In the phot gallery below, I’ve pulled together our most recent roundup of the the most expensive homes sold in Louisville, specifically from June 29 to July 7.

As usual, this week’s gallery features five homes from that period. But what stands out here is that all five sold for greater than $1 million this time — which is not something I see often while putting together this gallery on a regular basis.

Usually only one or two homes in our weekly gallery reach that benchmark. I admit that is just anecdotal evidence of a higher-priced market, but there is data to back it up, too.

From June 2022 to June 2023, the average home sale price in Jefferson County rose 8.4%, to $336,428, according to data from the Greater Louisville Association of Realtors.

In the gallery below, I’ve ordered these luxury from the “cheapest” to most expensive for the period.

No. 5 (For the period of June 29 – July 7)
Address: 1520 Northwind Rd., Indian Hills, KY 40207
Seller: Rodney Aulick and Kimberly Dawn Aulick
Buyer: Steven Radtke and Sarah Boyd Radtke
Price: $1.23 million
Date: 7/7/23

Like always, I’m only looking at single-family homes in this gallery. In order to ensure an apples-to-apples comparison, I left off vacant lot sales, multihome purchases, apartment complexes and duplexes.

More residential news

Those higher prices I mentioned aren’t just a local trend, as you can imagine.

Ashley Fahey, real estate editor for The Business Journals, notes that constrained inventory has been a key theme of the U.S. housing market this year, pushing up home prices and compelling bidding wars in some markets.

With mortgage rates hovering around 7%, those who locked in a low 3% rate a few years ago have less incentive to sell, especially with a more uncertain economy.

Lawrence Yun, chief economist at the National Association of Realtors, said for-sale housing inventory today is essentially half of what it was in 2019.

Total housing inventory at the end of June totaled 1.08 million units, according to the NAR. That equates to 3.1 months of supply at the current sales pace. An industry rule of thumb is that five to six months of supply is generally considered a balanced market.

The new-construction segment of the market is aiding somewhat in the inventory equation but, as builders tightened up on their pipelines last year in response to weaker buyer demand, many have had to recalibrate to restart lot acquisitions and development activity in the first half of this year, Fahey notes.

The List

Rank Prior Rank Name / Prior rank

1

1

Semonin Realtors, a Berkshire Hathaway Affiliate

2

2

RE/MAX Properties East / RE/MAX Advantage

3

3

Schuler Bauer Real Estate Services ERA Powered

View this list

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