Shelby County

The Greater Louisville Association of REALTORs (GLAR) have provided the latest homes prices figures.  Louisville house prices have declined 5% in the past year (from October 2007 through October 2008).  The current average value for a Louisville home now stands at $130,000.  And if you look at it from a multi-county perspective of including Jefferson, Bullitt and Oldham County, there has been a decrease of 22% fewer homes being sold in 2008, relative to the same time frame in 2007.  Still, compared to many other markets nationally, Louisville is still holding steady and fairing the tough economic conditions quite well.  Many markets saw an 11% decrease last month alone.

From an “on the ground” perspective from Louisville Realtors, we’ve begun…

While the Louisville real estate  market has been fairly immune to the slowing market nationally, the latest data is now showing that things are starting to soften somewhat in regard to the sale of single family residential homes and condos.

Before we get into the August 2008 numbers, I wanted to recap all of the numbers for this year.  So, lets take a look at the data and see what we can make of it:

January 1 – August 31 2007

Homes Sold 10513

Average Sales Price $174,428

Median Sales Price $140,000

January 1 – August 31 2008

Homes Sold 8021

Average Sales Price $170,711

Median Sales Price $137,000

So, as you can see – theres been a fairly stiff decrease in the number of the Homes Sold in Louisville this year of nearly…

The first annual Shelby County Homes  Expo starts this weekend at the Shelby County Fairgrounds in the Floral Hall.  It begins on Saturday July 12th at 10:00 am and goes until mid-afternoon at 3:00 pm.

The cost of admission is free.

Some of the features include numerous giveaways one of which is the possibility of winning a big screen television and others include free closing costs.  Various vendors will be there which include Realtors, insurance representatives, homes builders, homes repair businesses, mortgage lenders and more.

Some of the main hosts for the event includes Citizens Union Bank (CUB), Kentucky Housing Corporation (KHC), as well as HJW Career and Financial Literacy Institute.

If you own a home, or want to own a home, be sure…

Simponsville Kentucky is a thriving and growing community that lies immediately east of the Louisville KY real estate market. It has served as an outpost in a mostly agricultural and rural landscape. But Simpsonville KY government officials have asked the Triple S Planning & Zoning commission to consider how the city would be able to create a downtown district to better serve the community and its neighbors.

There is the understanding that the actual concept for a downtown Simpsonville KY may take up to 20 or even 40 years, but they are wanting to make plans now for the future that is coming this way. Some work preparing the way has already been started: Simpsonville requested money from the Kentucky state government to fund sidewalks along the US 60…

The 146th annual Shelby County Kentucky Fair & Horse Show is coming up June 12-21, 2008. Many events are scheduled this year including a Dairy Show, carnival rides, 4-H horse show, Miss Shelby County Pre-Teen, Floral displays, Little Miss & Mister contest, NKTTA Truck Tug, Miniature horse show, Miss Shelby County Teen, Garden Tractor Pull, 4-H & Future Farmers of America Rabbit Show, Poultry Show, Hog Show, Sheep Show, Goat Show, Baby Show, Shelby County Master Showman Contest, Beef Show, and sale of 4-H Project animals.

Admission to the Shelby county fair is free for children 10 and under. To all others, admission is $6. The main entrance is located on US60 at the horse statue (no tractors or livestock will be allowed through that entrance).

The…

Its that time again for the most recent Shelbyville KY real estate  transfers for week ending April 19, 2008. The following are the Shelbyville KY homes that were sold for the week:

Dominion Homes of Kentucky LTD – to Angela & Kevin Veeley – lot 40 Cloverbrook Farms, phase 1 section 1 – $142025

Charterwest Mortgage LLC through Countrywide Home Loans & Christy Reese – to The Bank of New York – lot 5 Ardmore Subdivision – $1

David & Stacey Monteleone – to Prudential Relocation Inc. – tract A, Rockbridge Heights II – $293000

Prudential Relocation Inc – to Jennifer Payne & Trevor Rowe – Tract A Rockbridge Heights II – $293000

Bank of New York acting as successor Trustee, Raymundo & Carmelina Nava – to The Bank of New…

The Shelbyville KY real estate  transfers for week ending 3-21-2008 can be found below.  In review of this week’s Shelbyville KY homes that sold, most were in the under $200,000 price range.  There were 2 midpack in the $200-low $300,000 price range.  And finally there was one in the luxury real estate market in the $715,000 price range.  This weeks transfers show a slight increase in overall volume, and dollar amount per home that sold.  Again, this can be taken as an indicator that things are starting to pick up a bit in the metropolitan Louisville real estate  market which includes Shelbyville and Shelby County.   For your convenient reference, the transfers as noted in the Shelbyville Kentucky newspaper The Sentinel News are as…

Simpsonville Kentucky is now equal in size to Louisville!!

Gotcha. No, its not actually – but Simpsonville KY real estate did recently increase in size by 130 acres. At the Wednesday March 19, 2008 city commission meeting, it was approved unanimously by a score of 5 to 0 to annex some land to within its city limits that is currently owned by John Schnatter of Papa John’s Pizza fame. The annexation was requested by the real estate owner to prevent it from potentially being annexed into a proposed new city called Veechdale that is gaining some momentum within this community.

And now the city has plans to potentially acquire an additional 10 acres that is located on the southern portion of the I-64 interchange that is currently owned by James…

As always, to keep our readers up to date on the latest happening in the metropolitan Louisville real estate market, we like to advise everyone of the real estate transfers that occur so they can keep track of whats happening in whatever areas that they may be interested.  This week, the Shelby County Kentucky real estate  transfers for week ending 3-10-2008 are as follows as published by The Sentinel News newspaper:

Regions Bank, Betty Lewis – to Union Planters Bank – lot 24 Benson Trace section 1 – $1

Taylor Bean and Whitaker Don and Leesa Bennett – to Secretary of Veterans’ Affairs – real estate on Orphan’s Lane – $1

Countrywide Home Loans Inc., Emily Prater – to Federal National Mortgage – lot in Mount Eden – $1

Wells…

Activity appears to be picking up quite a bit for the Shelby County KY real estate market. Transfers were up in volume and average price for the week ending February 15 2008. If you take out the trust and inter-family transfers, you can see that most of the properties were in the $150,000 to $300,000 price range. There were no luxury homes listed as being transferred this week in the $1 million or greater range. Still, its good to see that end of the market starting to get some greater activity. It has been relatively slow for quite a while now, and Shelbyville real estate  needed a good pick me up to get ready for the spring homes market thats coming up. The following is for your reference as published by the Shelbyville Kentucky The Sentinel News…