Shelbyville KY Real Estate

There are currently 78 blog entries related to this category.

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Shelbyville KY Real Estate Development Catalpagreen

Friday, September 2nd, 2011 at 12:33pm. 7580 Views, 0 Comments.

shelbyville ky real estate developmentThe Shelbyville Kentucky newspaper, the Sentinel-News, had a good article in their Friday January 18 2008 edition regarding a new Shelbyville KY real estate development known as Catalpagreen.  The 120 acre project includes 239 units (175 single family homes, and 69 patiohomes) is located off Ardmore Lane and US 60.  The project is being developed by local Louisville real estate developer Canfield Development.  Canfield Development has done several developments within the Louisville real estate metropolitan area including Prospect, Jefferson County, and Oldham County.  Their reputation is generally well received.

The units for each of the homes for sale will have size ranges from 1200 sq.ft to 2400+ sq.ft.  Prices are currently estimated to be…

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New Homes For Sale in Louisville KY drop sharply

Friday, September 2nd, 2011 at 12:23pm. 5397 Views, 0 Comments.

new homes for sale in louisville kyThe Wednesday January 23 2008 edition of the Louisville KY newspaper, The Courier-Journal contained an interesting article regarding that new homes for sale in Louisville KY are down significantly for the year 2007, and will be dropping sharply for 2008.

To review, if you look at the amount of building permits that were issued from 2005 through present, there is an approximately 35% decrease in the number of permits issued through 2007.  The specific numbers are as follows:

Jefferson County  2007   2098 permits issued

Jefferson County 2005   3212 permits issued

Oldham County 2007  610 permits issued

Oldham County 2005  358 permits issued

To cite a real example by looking at one of the largest regional new home builders in the…

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Shelbyville KY Real Estate Transfers week ending January 18 2008

Friday, September 2nd, 2011 at 12:04pm. 8463 Views, 0 Comments.

shelbyville ky real estateAs always, for your convenience, please find the Shelbyville KY real estate transfers for week ending January 18 2008 as published by the Shelbyville KY newspaper, The Sentinel-News.  A few interesting points to note are that some of the luxury homes for sale in Louisville KY metropolitan area have started to move.  Several properties in the half million dollar plus range have sold this week.  Granted, most were horse farms for sale in Shelbyville Kentucky, but still its good to see some of the higher end properties beginning to break free from the Louisville real estate market.  Anyway, the Shelbyville KY real estate  transfers are as follows:

Tony & Reida Kerr – to David & Sheila Likes – tract 2 Catridge Acres – $70000

Winters Properties,…

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Shelbyville Kentucky Real Estate Transfers week ending January 7 2008

Friday, September 2nd, 2011 at 12:00pm. 1422 Views, 0 Comments.

shelbyville kentucky real estateAs usual, we are posting this update of real estate deeds and transfers that were posted for the metropolitan Louisville real estate market.  The following are the transfers include transfers for Simpsonville, Shelby County KY, and Shelbyville Kentucky real estate:

Fremont Investment & Loan through Countrywide Homes Inc – to HSBC Bank USA NA – Lot 55 Cloverbrook Farms Phase 1 Section 1 – $1

Deutsche Bank, Franchella Gray, Ireesha Gray, et.al. – to Deustche Bank – lot 137 Cloverbrook Farms phase 1 section 1 – $1

MAC Mortgage, Marcus Deane – to GMAC Mortgage – lot 9 Rolling Ridge subdivision phase 1 – $1

Citimortgage Inc, Bonita Ashby, Benjamin Ashby – to Citimortgage Inc – lot 35 Glenview Estates – $1

Randall & Anya…

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Louisville KY Real Estate Market – Review of 2007

Friday, September 2nd, 2011 at 11:57am. 1180 Views, 0 Comments.

louisville ky real estate marketIf you just read the national reports on how the real estate and homes market is faring across the USA, its mostly doom and gloom.  A record number of foreclosures, squeezing by the mortgage industry and tightening of credit along with the market falling in many real estate markets, has consumers believing that its a national pandemic for real estate right now.  Nationally, there was a decline in new home sales of 9% in November 2007.  Home sales overall are down 20%.  And the median sales price for home values has decreased by 3.3% from just a year earlier in 2006 with the home values median price being $210,000 for November 2007.

That being said, many of the markets that are seeing “hard times” currently – are the same ones that saw 30%…

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Louisville Real Estate transfers week ending January 11 2008

Friday, September 2nd, 2011 at 11:53am. 2087 Views, 0 Comments.

louisville remaxAs we always do, for your convenience, the following are the Louisville real estate metropolitan area transfers for week ending January 11, 2008 for Shelbyville Kentucky as reported by The Sentinel-News:

Larry Cornwell – to Larry & Helga Cornwell – Tract 9 Agricultural Division Zenger Farm North divided – no consideration was noted

Norman & Barbara Allgeier – to Ellis & Lydia Lutes – tract 2C Elza Raisor Farm tract 2 redivided – no consideration was noted

Ellis & Lydia Lutes – to Norman & Barbara Allgeier – tract 6 agricultural division High Field – no consideration was noted

J. I. L. Development Co. Inc. – to John & Kara Owens – lot 49 Magnolia Place section II – $227000

Kenneth & Susan Yeager – to James Tucker &…

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Shelbyville KY Real Estate Transfers week ending 1-4-2008

Friday, September 2nd, 2011 at 11:50am. 1460 Views, 0 Comments.

shelbyville ky real estate transfers week endingFor your convenience, the following are the Shelbyville KY real estate transfers for week ending January 4, 2008 as reported by the Shelbyville Kentucky newspaper The Sentinel-News:

Fremont Investment & Loan through Countrywide Homes Inc and heirs of Bruce Casteel – to HSBC BankUSA – lot 55 Cloverbrook Farms phase 1 section 1 – $1

Deutsche Bank, Franchella Gray, Ireesha Gray – to Deutsche Bank – lot 137 Cloverbrook Farms phase 1 section 1 – $1

MAC Mortgage, Marcus Deane – to GMAC Mortgage – lot 9 Rolling Ridge Subdivision phase 1 – $1

Citimortgage Inc., Bonita Ashby, Benjamin Ashby – to Citimortgage Inc – lot 35 Glenview Estates – $1

Randall & Anya Carnes – to R. L. & Judy Turner – tract 3 High Field –…

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Home Prices Decrease Across United States

Friday, September 2nd, 2011 at 11:44am. 3695 Views, 0 Comments.

home price decrease across united statesSingle family home prices decreased across the United States for the first time since 1994 according to a recent report prepared by Global Insight & National City Corp.

The drop came in the 3rd quarter of 2007 when the median value of a home in the United States decreased by approximately 1%.  Approximately half of all metropolitan areas saw a decline.

This is an interesting point to note – because until this most recent study, the stronger real estate markets in the US have helped buoy up the other markets that were bringing the overall numbers down.  This is an indication that the other markets that have been fairing well even in a softer real estate market, may be slowing down and are not able to carry the rest of the other markets across the…

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Shelbyville Kentucky Real Estate Transfers 12-21-2007

Friday, September 2nd, 2011 at 11:38am. 2383 Views, 0 Comments.

shelbyville kentucky real estate transfersFor your convenience, here are the Shelbyville Kentucky real estate transfers for week ending 12-21-2007:

Price Bros. – to Horizons Opportunities LLC – Lot 1 Block E Indianapolis Subdivision – $25000

Lillie Young – to Kim Young – property east of KY 53 – $10

Dogwood LLC – to James Hardy & Cinderella Hardy – Lot 5-G-3B Dogwood Trace Phase 5 – $161900

James Miller & Patricia Miller – to Martin Middleton Junior & Carol Wallin – Tract 8  Noland Woods – $330000

Amos Martin Construction Company Inc – to Gregory Allen & Laurie Allen – Lot 106 Persimmon Ridge Phase IV – $409819.71

Bradley Penn & Felicia Penn – to Michael Gomez – Lot 43 Orchard Crossing Subdivision – $114000

Arthur McMahan & Melissa McMahan…

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Foreclosed Real Estate decreases by 10 percent in the United States

Friday, September 2nd, 2011 at 11:34am. 1602 Views, 0 Comments.

foreclosed real estate decreases by 10 percent in the united statesForeclosed real estate decreased by 10 percent across the United States for the month of November 2007.  Kentucky saw a decrease of 6.65%.

This is significant in that this is the first time there has been a double digit percent decrease in foreclosures since April 2006 – some 20 months ago.

But, we aren’t out of the woods yet so to speak.  There are predictions for a very strong foreclosure rate in the 1st quarter of 2008 – a primary cause being the seasonal influx of persons that are filing before various deadlines, as well as those that may file due to an increase of adjustable mortgage rate persons having their mortgages reset and the current home owner not being able to address the debt service of the higher payment for their…

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