Shelbyville KY Real Estate

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National Real Estate Market – February 2008

Friday, September 2nd, 2011 at 3:21pm. 1097 Views, 0 Comments.

real estateJust wanted to touch on some of the more recent national real estate news. According to the National Association of REALTORS (NAR), homes sales nationally increased by a rate of 2.9% for February 2008 from January of this year. This increase in homes sales marks a break in the past 6 months of continual decline nationally. Later this week, I’ll do a post about the more recent local Louisville real estate market.

Does this mean that the national real estate market has finally reached bottom and is on an upswing? Not likely. Many economists continue to predict months to a couple years before a turn around is expected on a large level.

Why do they say that? Well, first off, if you look at the increase of real estate sales of 2.9% from the previous…

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Shelbyville KY Real Estate Transfers week ending 3-21-2008

Friday, September 2nd, 2011 at 3:16pm. 1846 Views, 0 Comments.

shelbyville ky homesThe 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…

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Simpsonville Kentucky is now equal in size to Louisville!

Friday, September 2nd, 2011 at 3:12pm. 1174 Views, 0 Comments.

simpsonville ky real estateSimpsonville 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…

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Shelby County Kentucky Real Estate Transfers – week ending 3-10-2008

Friday, September 2nd, 2011 at 2:54pm. 1603 Views, 0 Comments.

shelby county kentucky real estateAs 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…

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Shelby County KY Real Estate Transfers week ending 2-15-2008

Friday, September 2nd, 2011 at 2:37pm. 1715 Views, 0 Comments.

shelbyville ky real estateActivity 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…

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Louisville Homes Values Increase – Louisville Homes Rate of Sales Decrease

Friday, September 2nd, 2011 at 2:30pm. 1469 Views, 0 Comments.

louisville homesThe most recent Greater Louisville Association of REALTORs report is out for the month of January 2008.

Louisville homes values increased. The number of Louisville homes sales decreased.

Which is pretty much on par and consistent with how the Louisville real estate market has continued to fair within an overview of a national real estate market perspective.

Delving more deeply into those 2 conclusions, you can see the following:

If you compare the Louisville homes values in January 2007 to January 2008, the median price is approximately $133,800 and indicates a 3% increase from the previous year (which is actually “good” considering many other depressed markets across the country). Some persons see that as a cause for celebration. In…

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Louisville Homes Values Decline in 4th Quarter 2007

Friday, September 2nd, 2011 at 2:14pm. 1340 Views, 0 Comments.

louisville real estateLouisville Homes Values Decline in 4th Quarter 2007!!

Now that I have your attention, lets look at the situation a little more carefully, and calmly.

Yes, it is true that the Louisville KY newspaper The Courier-Journal recently did an article about the declining Louisville real estate market that saw declines in the last quarter of 2007.  They went on to say that in the 4th quarter of 2007, Louisville homes dropped 3.3% to a median price of $133,000.

My response to the declining Louisville real estate market:  So what?

Newspapers want to do 1 thing:  Report the news (and get sales!).  If its not an interesting story, people won’t read or care about it.  So, its easy to create a dramatic effect by looking at a microscopic view of…

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Shelbyville KY Real Estate Transfers week ending 2-8-2008

Friday, September 2nd, 2011 at 12:44pm. 1407 Views, 0 Comments.

shelbyville homesAs always, we like to publish the public record of the Shelbyville homes transfers just so we keep our eyes on the pulse of the market.  This week, we are publishing the records for through 2-8-2008.  If you look at the numbers, most of the properties are in the moderate price range, with most values being under $200,000.  There is 1 anomaly with a higher value that would place it more in the Louisville luxury real estate  area at first glance, with a transfer of almost $1.1 million – but upon closer examination, you will see that it it was sold to a new home development company, so its appears its going to be another housing community of some sort.

Final analysis from looking at the transfers indicates that the transaction average, and number of…

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Shelby County KY Real Estate Transfers week ending 2-1-2008

Friday, September 2nd, 2011 at 12:40pm. 1420 Views, 0 Comments.

shelby county ky real estateThe Shelbyville Kentucky newspaper, The Sentinel News, posted the most recent Shelby County KY real estatetransfers for week ending 2-1-2008.

One interesting thing to note that I thought was good to see, is that some of what would be classified as luxury homes for sale were starting to move AND builders were purchasing lots and doing lot transfers which would indicate an increased level of activity for new homes construction.  Several homes approaching $500,000 were sold this week.  Always good to see a higher level of quality activity for the community.

For your convenience, those real estate transfers are as follows:

Gary & Toska Boettger – to Gary & Toska Boettger – lots of Hopkins Property – nominal consideration

US Bank National…

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Shelby County KY Chamber of Commerce New President

Friday, September 2nd, 2011 at 12:36pm. 912 Views, 0 Comments.

shelby county ky chamber of commerce new presidentThe Shelbyville KY newspaper, The Sentinel-News, had an article in their Friday January 25 2008 edition, written by the new President of the Shelby County KY Chamber of Commerce.  In the article, it was re-iterated the Chamber’s mission statement which is to support commerce & promote growth in order to enhance life in Shelby County.

The President went on to emphasize the importance of communication.  Part of that communication effort that is being realized is by having an article from the Shelby County Chamber appear each month in The Sentinel-News called “Chamber Chat”.  Additionally, they have been requesting feedback from its members.  Last summer, there was a survey sent out and requested information for areas of improvement and…

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