Shelbyville KY Real Estate 
There are currently 78 blog entries related to this category.
Do I need a Survey?
Friday, September 2nd, 2011 at 10:18pm. 10309 Views, 0 Comments.
If you are like most persons, the obvious answer to “Do I need to get a survey?” is: “I’m buying a house in a Louisville subdivision, I don’t need to get a survey. I’d rather save the $250-400.”
But, what is always obvious, isn’t necessarily correct.
In October 2006, we represented some clients that were purchasing a home in an established and fairly affluent neighborhood that felt similarly. Upon our insistence, they finally relented and ordered a staked survey for the home they were purchasing.
The surveyor found that even though the home owner had gotten the proper permitting to construct their all brick $30,000 free standing garage, the current owner of the property had never gotten a survey either to mark the…
Louisville House Prices Decline 5%
Friday, September 2nd, 2011 at 9:38pm. 799 Views, 0 Comments.
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…
August 2008: Louisville Real Estate Market Softens
Friday, September 2nd, 2011 at 9:21pm. 559 Views, 0 Comments.
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…
Shelby County KY Home Expo
Friday, September 2nd, 2011 at 9:11pm. 409 Views, 0 Comments.
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…
Simpsonville Kentucky – Downtown Proposed
Friday, September 2nd, 2011 at 8:55pm. 498 Views, 0 Comments.
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…
2008 Shelby County Kentucky Fair & Horse Show
Friday, September 2nd, 2011 at 8:51pm. 426 Views, 0 Comments.
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…
Louisville Foreclosure Rate Declines
Friday, September 2nd, 2011 at 8:27pm. 386 Views, 0 Comments.
The Louisville foreclosure rate declined by 48% this year in 2008 compared to the same month in 2007. And this is on the heels of a decline of 8% drop that took place during the 1st quarter of this year (again, using the same frame of comparison of during the same period in 2007).
And if you compare those numbers to the national average that has experienced a 65% INCREASE in foreclosures, you can see clearly that the Louisville real estate market is definitely bucking the trend.
To get into specifics: 288 foreclosure filings were made in the metropolitan Louisville homes market for April 2008. This equates to approximately 1 in every 1874 homes in the area. Nationally, there was approximately 1 foreclosure filing made for every 519…
New Louisville Homes Starts Decline
Friday, September 2nd, 2011 at 8:22pm. 306 Views, 0 Comments.
The most recent numbers are in from the Home Builders Association of Louisville. New Louisville homes are down approximately 30 percent from this time last year. The Home Builders Association of Louisville has even gone so far as to recommend to its members to delay additional new Louisville homes that they may be planning until some of the properties that are currently on the market are sold.There remains a tremendous amount of inventory on the market currently. For the metropolitan Louisville real estate market, inventory is currently sitting at approximately 9-10 months. (What that means is, if no new homes came on the market, the properties currently on the market, and demand for purchasing a Louisville home remained steady, those homes would…
Shelbyville KY Homes Transfers week ending April 19 2008
Friday, September 2nd, 2011 at 8:19pm. 618 Views, 0 Comments.
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…
REMAX continues to post strong growth
Friday, September 2nd, 2011 at 8:14pm. 1042 Views, 0 Comments.
The REMAX real estate franchise continues to post strong growth. According to the most recent March 2008 REMAX newspaper, there were 276 new RE/MAX offices in over 40 countries for the past quarter of November, December 2007 and January 2008. Quite excellent, but how is RE/MAX fairing in the United States?53 new RE/MAX offices opened during that same 3 month time frame. Some of the other countries that are experiencing strong REMAX growth are as follows:
United Kingdom - 19 new REMAX offices
Portugal – 18 new REMAX offices
Australia & Italy – 17 new offices
Canada – 16 new offices
Turkey – 15 new offices
Quite good locally, nationally, and internationally.
Of course, if you are looking for a Louisville Kentucky REMAX…
