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Prospect - Town vs. County Stats
Avg Price in Prospect: $743,400 / County Avg $356,500
Avg Sq. Ft. in Prospect: 4,437 / County Avg 2,616
Avg Price per/ft2 in Prospect: $168 / County Avg $136
Avg Walkscore in Prospect: 17 / County Avg 30
Avg Year Built in Prospect: 2000 / County Avg 1969
Avg Days on Website in Prospect: 111 / County Avg 80
Prospect Real Estate Market Health
The area was first known as Sand Hill when it was settled by farmers in the late 18th Century. The present community grew up around the "Prospect" railroad station erected by the Louisville, Harrods Creek and Westport Railway c. 1872. The name referred either to the view from the top of the hill or the expected completion of the line (which – owing to the Long Depression – never did reach Westport and collapsed into bankruptcy in 1879). When the post office was established in 1886, the local postmaster named it Wilhoyte in his own honor, but the community corrected this within the month.
Although a few luxury residences existed in the area from the late 19th century and the Louisville Railway Company offered hourly electrified-rail trolleys along the former LHC&W line after 1904, it was largely agricultural until the mid-1960s when large, high-end subdivisions were built in the area, most notably Hunting Creek, which included a golf course. Prospect incorporated as a city in 1974.