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Old 02-03-2014, 02:09 PM
 
Location: New Albany, Indiana (Greater Louisville)
11,156 posts, read 23,119,587 times
Reputation: 11142

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I am hoping to become a home owner sometime this year and having been research homes values in different areas. I've been really perplexed as to why home prices in New Albany, Clarksville, and Jeffersonville have been in free fall since the mid 2000s while the entire KY side has home prices that are stable or rising. Even the West End has rising home values. My future wife is from S Indiana and the prospect of getting the same house for 30% less money is appealing but I'm worried that if the values still go up it would be hard to sell without losing money in a few years








Last edited by censusdata; 02-03-2014 at 02:25 PM..
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Old 02-04-2014, 01:35 PM
 
Location: Louisville KY Metro area
4,824 posts, read 13,556,993 times
Reputation: 2145
Gee, I am really trying to be nice. Zillow is the poorest property valuation site in the world. You can depend on Zillow for one thing. They will be wrong!!
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Old 02-04-2014, 03:58 PM
 
13,470 posts, read 15,318,119 times
Reputation: 8182
Quote:
Originally Posted by tomocox View Post
Gee, I am really trying to be nice. Zillow is the poorest property valuation site in the world. You can depend on Zillow for one thing. They will be wrong!!
Right zillow is awful.
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Old 02-04-2014, 04:34 PM
 
3,463 posts, read 5,132,013 times
Reputation: 7171
My Wife asked Zillow about their valuation process on their Facebook page, and the women gave a very detailed answer as to how they do it and why it might be off, etc . . . I cant remember what the answer was, but being about 50k off on our house and the comps in my neighborhood is what prompted my Wife to inquire. We are house/real estate junkies. I love to look at properties on it. You can still get pretty useful information if you look at the history of the MLS realtor list houses in certain neighborhoods.
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Old 02-04-2014, 06:37 PM
 
Location: New Albany, Indiana (Greater Louisville)
11,156 posts, read 23,119,587 times
Reputation: 11142
Does anyone have a better PVA website that shows trends over time?
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Old 02-09-2014, 09:16 AM
 
6 posts, read 9,753 times
Reputation: 15
I'll give you something from the Horse's Mouth.......a great realtor who has been there for decades..........property values are all over the map!

Problem with Zillow is the PROBLEM with............what's his name? That DO DO Brain at the "Jefferson County PVA." What is his purpose in life?! Just looking at properties sold, then re-adusting values?

There was a LONG article on Zillow / Yahoo, etc. that went out a while back about pricing / values and the reliability. Guess what??!! Jefferson County KY was referenced 95% in that article.......gee, I wonder why?!

There is a SCAM going on there.
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Old 02-09-2014, 09:37 AM
 
6 posts, read 9,753 times
Reputation: 15
Once again.....Zillow has worked really well for me OUTSIDE of Jefferson County. I've found their "quotes" to be pretty much on the mark in the various cities in which I own property EXCEPT for Jefferson County which tend to run extremely LOW....REMARKABLY LOW..............like someone needs to investigate why so low!
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Old 02-24-2014, 09:47 PM
 
3 posts, read 3,906 times
Reputation: 14
The difference in home values between Kentucky and Indiana is more of a reflection on the bridge work that's going on, and the differences in zoning between Indiana and Kentucky. Whenever the bridges close/work is being done, living on the "Sunny Side of Louisville" becomes inconvenient if you work in Louisville. Additionally, there is more mixed use zoning on the Indiana side - you have really nice houses mixed in with manufacturing.

In my opinion, if you're planning on moving back and staying for awhile, you will get a better buy on the Indiana side, particularly if you're looking for larger lots or acreage. If you think you're going to stay for a short period, stick to the east end area or out in the Jeffersontown, St. Matthews or Lyndon areas, as those properties are targeted by relocation real estate agents and are pushed to people moving to Louisville from out of town. Housing prices have increased in the east end because people moving here from most metropolitan areas can generally get more house for the dollar in Louisville.
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