Louisville Kentucky Real Estate

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 & Jeremy Tucker - Tract 1A Duvall Burk Farms - $110000

Freddie & Sharon Hamilton - to Alfredo Melgar-Dubon - real estate east of Johnsonville Lane - $130000

Farmers Deposit Bank - to Patricia Kallin - tract 3 @ Cropper Mulberry Pike -$46500

Federal Home Loan Mortgage Corporation - to Doug Aldridge Enterprises Inc. - real estate in Mt. Eden  - $42500

Woodfield Inc - to Donald Hamilton Inc. - lot 83 Meadowbrook section III phase II - $26000

Matthew & Rebecca Anderson - to Jerry & Reisha Toby - tract 1 Parent Lane - $200000

Keith & Stephanie Watkins - to Brian Wigglesworth tract 26 Brittany Estates - $110000

Lois Turner - to Jerry & Bobby Terhune - real estate on Finchville Olive Branch Road - $16000

Sandra Nichols & Sue Brooks acting as cotrustees - to Sandra Nichols & Sue Brooks - real estate in Bagdad Kentucky - consideration was given, but not specifically noted

Jason & Stacy Broyles - Robert Jr. & Dianna Van Meter - lot 99 Weissinger Estates section III - $313500

Stephen & Donna Meador - to Stephen & Donna Meador - real estate in Shelby County KY - no consideration was noted

Stephen & Donna Meador - to Stephen & Donna Meador - lot 9 Harrington Mill Estates - nominal consideration

Robert III & Holly Crady - to Thomas & Stacie Rockaway - lot 38 Brentwood Unit III - $332000

Janet & William Cravens - to Heiko Adama & Diana Jackson-Adams - lot 97 Brentwood - $390000

Joan Ryan through attorney in fact to The Ryan Family Limited Partnership - tract 19 agricultural division A. V. B. Farm - $1

Ermin Herrick - to Eve Properties limited partnership - real estate tracts of lots of Catalpa Court - $1

Ermin Herrick - to Eve Properties limited partnership - tract 1 Webb & Howard development - $1

William & Margaret Stone - to William & Patricia Jones - tract 3 Mudd Farm divided - consideration but without a specific amount being noted

Michael Sutherland - to Joshua McRay - real estate located at Pearidge Road - $116350

Jagoe Land Corporation - to Jagoe Homes Inc. - lot 73 Meadow Glen - $26000

Jagoe Homes Inc.  - to Mary Hutcherson - lot 73 Meadow Glen - $150500

James & Lorraine Stivers - to Chester &Maria Stivers - real estate located in Lanter addition - $1

Adwek Homes LLC - to Christopher & Rachael Hall - lot 100 Todds Station phase II - $254450

Stanley & Marilyn Fister - to Jeremy & Staci Lyles - real estate on Ashland Avenue - $143250

May Pike - to Jorita LLC - real estate in Shelby County KY - nominal consideration was noted

Jay Hospitality Inc. - to Shri Sai Hospitality Inc - real estate located east of KY 55 - $940000

Victory Baptist Church - to Ronald & Charlotte Haydon - real estate NW of 5th Street in Shelbyville Kentucky - $4000

Lee Ethington - to Dane & Adonya Anderson - lot 131 Patridge Run  section III - $258500

John & Doris Straub - to John & Doris Straub, trustees - lot 7 Cox & Fletcher Farms - consideration amount was not noted

Amos Martin Construction Company Inc. - to Roger & Rebecca Adkins - unit 11B building 11 Villas at Persimmon Ridge Condominiums - $439188.84

Hopefully you will find the above useful.  One observation to note of interest was that the most expensive property is the last on the list that sold.  Inventory for the Louisville real estate market overall has declined with some 9800 homes approximately on the market available for sale.  But based on this limited data pool of most recent sales, it appears that the homes that are actually selling in the Louisville real estate market are the ones priced below half a million dollars.  This would indicate a potential softening of the upper valued homes and you can probably expect to see property listing prices beginning to decline for that segment of the Louisville KY market at least for the short term.

Bearing in mind that a great many of the homes that were for sale that dropped the inventory from a near 11000 mark a short time ago - probably didn’t sell, they were just expired or pulled from the market during the holidays.

So, we will need to keep a close eye on the real estate market to see if those homes start coming back on the market for sale - particularly as we get closer to the Spring housing rush that is normal each year.  Most persons are expecting Louisville to fare better than a lot of other markets and even the board of REALTORs projections indicate that our REMAX office should be quite busy with activity in March and April 2008.

This entry was posted on Sunday, January 13th, 2008 at 5:19 pm and is filed under Simpsonville KY, Shelby County, Shelbyville KY Real Estate, Louisville Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.