Simpsonville KY

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…

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…

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…

As 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,…

As 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…

If 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%…

As 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 &…