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 York Trust Company – lot 36 Midland estates section 2 – $1
Chase Bank USA – Jeffrey Waldridge – to Federal National Mortgage Association – tract 1 Hillview Estates – $1
AKL Properties LLC – to Michael & Gwynne Brunzo – lot 20 Knobview Estates – $189000
Kevin Browning – to Joseph & Johnna Griffith – property in Shelby County – $55500
National City Mortgage Company, Roy Lay Senior – to Federal Home Loan Mortgage Corporation – lot 6 Grove Subdivision – $1
Nancy & Charles Wells – to Kelly Cannon – lot 44 Orchard Crossing – $109500
Aurora Loan Services & Edna Parr – to Secretary of Veteran’s Affairs – property located at Watson and Main Street – $1
Wells Fargo Bank acting as trustee, and Scott & Suzanne Frech – to Wells Fargo Bank trustee – lot 42 Cardinal Club Estates – $1
Louisville and Nashville Railroad – to Glen & Lise Sageser – property located at James Quincy Estate – $100
Glenn & Lise Sageser – to James & Lisa Sams – property near Christianburg Kentucky – $300
James & Lisa Sams – to Aurora Farms LLC – 2 tracts in Shelby County KY – $165000
Andrew & Lisa Cheak – to Paul Castro – Lot 32 Woodfield Subdivision section II – $172000
Jo Ann Dillen & Mary Goldey – to Jo Ann Dillen & Mary Goldey – lot 42 Estates of Osprey Cove – $1
As you can tell by looking at the Shelbyville KY homes transfers this week, a majority of the homes are in the more conservative end of the spending market. There were no luxury homes sold this week as the most expensive property was $293000. Again, this would indicate a softening in the luxury Shelby county real estate market – and prices SHOULD come down. [How long it takes for persons to realize this is anyone's guess.] The tremendous glut of inventory on the market combined with weakening demand for living in Shelby County is basic Economics 101: excess Shelbyville Kentucky homes inventory + weakening demand = should equate to lower prices. Hopefully the Shelbyville Kentucky real estate market will start actually looking at the data – rather than just shooting from the gut, or worse – just listing the properties for whatever the home owner wants. Look at the data.
Shelbyville KY Homes Transfers week ending April 19 2008
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 York Trust Company – lot 36 Midland estates section 2 – $1
Chase Bank USA – Jeffrey Waldridge – to Federal National Mortgage Association – tract 1 Hillview Estates – $1
AKL Properties LLC – to Michael & Gwynne Brunzo – lot 20 Knobview Estates – $189000
Kevin Browning – to Joseph & Johnna Griffith – property in Shelby County – $55500
National City Mortgage Company, Roy Lay Senior – to Federal Home Loan Mortgage Corporation – lot 6 Grove Subdivision – $1
Nancy & Charles Wells – to Kelly Cannon – lot 44 Orchard Crossing – $109500
Aurora Loan Services & Edna Parr – to Secretary of Veteran’s Affairs – property located at Watson and Main Street – $1
Wells Fargo Bank acting as trustee, and Scott & Suzanne Frech – to Wells Fargo Bank trustee – lot 42 Cardinal Club Estates – $1
Louisville and Nashville Railroad – to Glen & Lise Sageser – property located at James Quincy Estate – $100
Glenn & Lise Sageser – to James & Lisa Sams – property near Christianburg Kentucky – $300
James & Lisa Sams – to Aurora Farms LLC – 2 tracts in Shelby County KY – $165000
Andrew & Lisa Cheak – to Paul Castro – Lot 32 Woodfield Subdivision section II – $172000
Jo Ann Dillen & Mary Goldey – to Jo Ann Dillen & Mary Goldey – lot 42 Estates of Osprey Cove – $1
As you can tell by looking at the Shelbyville KY homes transfers this week, a majority of the homes are in the more conservative end of the spending market. There were no luxury homes sold this week as the most expensive property was $293000. Again, this would indicate a softening in the luxury Shelby county real estate market – and prices SHOULD come down. [How long it takes for persons to realize this is anyone's guess.] The tremendous glut of inventory on the market combined with weakening demand for living in Shelby County is basic Economics 101: excess Shelbyville Kentucky homes inventory + weakening demand = should equate to lower prices. Hopefully the Shelbyville Kentucky real estate market will start actually looking at the data – rather than just shooting from the gut, or worse – just listing the properties for whatever the home owner wants. Look at the data.