Tuesday, September 9, 2014

Prospect Sale History

I always like appraising in Prospect Kentucky. Whether it is the city's 4th of July celebration, golf courses, or high end neighborhoods, Prospect is a fine place to live.  Both the Oldham and Jefferson County sides of Prospect have seen growth over the past 5 years as well as stable sale prices.

Recently I had done a study of high end homes in the Jefferson County area, which revealed declining property values for several years.  Not so surprising, Prospect has remained stable.  This is supported by the increasing number of sales over the past five years, and low REO rates.  There are many factors that go into a vibrant community: location, employment, amenities, and how it is governed are just a few of the areas that make Prospect so desirable.