Current Real Estate Market Conditions June 18, 2013 There are 240 active single family homes for sale in Shelbyville, KY with an average list price of $238,855 and Median price of $166,975. There were 70 new listings added within the last 30 days. There are 46 pending/under contract sales and 39 closed sales in the past 30 days with an average sold price of $158,431 spending an average of 81 days on the market YTD there has been 144 closed sales with an average sold price of $146,307 spending an average of 82 days on the market.   Median Price changes for the past year: To see last months report click here. For more information on Shelbyville, KY click here. Click here for a selection on Shelbyville homes for sale. 06/19/2013

Are you an investor or just looking for a great deal on foreclosures in Shelby County, Kentucky? Currently as of January 21, 2013 there are five homes that have been foreclosed on ranging in price from just $21,800 to $155,000.  Shelby County, Kentucky is next to Jefferson County (where Kentucky's largest city, Louisville is located). It is an area known for horse farms and professional horse shows at the Shelby County Fair held every summer. The county seat and its largest city is Shelbyville.  Our website with Market Insider can tell you all about the towns in Shelby County. It has schools information, demographics, crime rates, weather, and much more. All you need to know is the zip code of each town and we have provided links for your convenience: Shelbyville, KY 40065 area informat... 01/21/2013

Equestrian Lakes in Shelby County - Luxury Homes For You AND Your Horses! In beautiful horse country in Shelby County, you'll find the most beautiful subdivision around in Equestrian Lakes. From the gorgeous entrance to the 15 acre lake with fountain, Equestrian Lakes was developed with beauty and serenity in mind, and is strategically located 25 minutes from Louisville and 45 minutes from Lexington.  This upscale subdivision has over 900 acres, and home sites are typically 5 to 16 acres with underground utilities. You can view the neighborhood's restrictions here.    Amenities abound for you and your horses. It features a swimming pool with a fabulous view of the lake, pictured below. The rock pavilion by the pool can be reserved for special occasions such as birthday parties. The 15-a... 10/12/2012

State of the Real Estate Market for Shelby County Ky.   In the below graph I compared the number of single family homes that sold and closed for 2009, 2010 and 2011:   Encouraging to see that 2011 we are up in number of units sold from the year before.   The below graph compares the median sales price for single family homes from 2009, 2010 and 2011: Even though 2010 saw a decrease in number of units sold the median sales price jumped considerably (up $8,000) from 2009. 2011 stayed about the same as the year before in terms of median sales price, though an increase in units sold.   What does all of this mean? I think all of this points to signs that the market in Shelby County KY is stabilizing and will contiue to climb at a good steady pace. 01/11/2012

Shelby County KY had a good 2nd half of 2010 in terms of home prices increasing and finished the year on a high note. Home sales for December also improved. These are both positive signs for this area. Market report for Area 30 in Louisville, KY for period ending December 2010. This report is published Quarterly. Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed. 01/10/2011

3752 Shelbyville Rd, Shelbyville, KY 40065 $ 173,000   1930's Bungalow      Located on desirable US 60 just west of Claudia Sanders.      On beautiful 2 acre lot. Country setting yet conveniently located just 2 minutes from Shelbyville.    32 minutes to downtown Louisville and 33 minutes to downtown Frankfort.    Features include open floor plan with 9' ceilings, a spacious country kitchen with 1/2 bath.    2nd floor laundry is conveniently located near the 3 bedrooms. 8 x 30 front porch and a 15 x 30 rear patio. 16 x 28 building with water and electric. Underground dog fence on 1-3/4 of the 2 acres.   For Detailed information or to show this property, Contact: Dennis Brooks, Realtor 502-664-6125 12/07/2010

Bank of America, GMAC and Chase have recently announced a freeze on foreclosures. Soon thereafter they announced they lifted the freeze and will continue the foreclosures. There is much confusion in the market. One thing is sure, however, if the borrower is behind on payments, the lender eventually has the right to foreclose. The reality is that a foreclosure freeze is not the answer to your problem. However, there are steps you can take to avoid foreclosure. Please click here for a free report on the Five Steps to Avoid Foreclosure 11/07/2010

Shelby County prices are up over the previous year by a good amount and overall sales for the year isn't that different for 2010 than it was for 2009. Market report for Area 30 in Louisville, KY for period ending October 2010. This report is published Quarterly. Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed. 11/04/2010

Sellers who are “upside down” often try to sell their house by themselves through various FSBO methods. However, a short sale with a Realtor can usually get the house sold even if the seller can’t afford to pay a Realtor commission. “Upside down” or “underwater” means there is more owed on the house than the house is worth. Lenders understand that sellers are upside down on their mortgage and they encourage short sales. In a short sale, the lender accepts an amount SHORT of what is owed so the seller can avoid foreclosure. Who Pays the Commissions and Closing Costs? Answer: The Seller’s Lender The seller’s lender DOES NOT WANT TO FORECLOSE. It is too risky and costly for the lender. The lender does not want to own the house, they would rather settle and take what they can, even if they ... 10/31/2010

Many short sale clients tell me they filed Chapter 13 bankruptcy and it didn’t help because it caused their payments to go up. When you file a Chapter 13 in Jefferson, Oldham, Shelby, Spencer or Bullitt County, KY, you have to continue to make your regular monthly payment, plus an extra monthly amount towards the back payments that you missed prior to the bankruptcy. Important Disclaimer: I am a short sale Realtor in Louisville, KY, not an attorney. I am writing about my observations of the many clients I helped during and after their Chapter 13 or Chapter 7 bankruptcy. I am not an authority on bankruptcy laws and procedures and my opinions are not to be construed as legal advice. You must consult an attorney regarding any of the bankruptcy issues discussed here. Wikipedia defines a Cha... 10/22/2010

Take a twenty-minute drive east down interstate 64 from Louisville to Shelbyville, and you'll find a quiet escape from city life. With a perfect commuting distance from the city, this small town provides the slower pace and peace of nature that many who work in the city desire. Other than its proximity to Louisville, Shelbyville has many other selling points that persuade home buyers to pick the quieter life. The small city has renowned horse farms, distinguished dining options, shopping,  and great recreation. As the Saddlebred Capital of the World, Shelbyville has outstanding horse farms, as well as a yearly horse show that attracts guests from all over. There are over forty Sattlebred establishments in Shelbyville, making the horses that come from this small town some of the "most fa... 02/08/2010

When Elmore Just began building Persimmon Ridge, the #2 ranked golf course in Kentucky on the western edge of Shelby County, he had no idea what his dream would eventually become. Today the championship course boasts a prestigious neighborhood, a junior Olympic-sized swimming pool, two tennis courts, a playground, and a place for families in and around Louisville  to plant their lives. Unique to Persimmon Ridge are its spacious lots that successfully overlook the beautiful course without smothering it. The lots average half an acre in size, and the estate lots feature 1.1 to 5 acres of space and golf course viewing. Without sidewalks and streetlights to crowd and clutter its beauty, the neighborhood is spacious, allowing for a more natural feel. Its newest addition, The Overlook at Pers... 01/06/2010

Price: $144,900 FIZBER.com ID 10601434 Single Family with 3 bed, 2.0 bath, in 48 NorthCountry Dr Shelbyville, KY, 40065 http://www.fizber.com/10601434/ 48 NorthCountry Dr - For Sale By Owner Property Details: Type: Single Family Address: 48 NorthCountry Dr, Shelbyville, KY, 40065 Sq footage: 1391.0 Floors: n/a Bathrooms: 2.0 Bedrooms: 3 Year built: 2000 View full property details and seller's contacts. View more Kentucky homes for sale. Homes for Sale by Owner. Description: REDUCED! From Realtor price of $152,500 to $144,900 FSBO3 BR, 2BA + 1 Extra Room (currently used as office)LOCATION, LOCATION, LOCATION!Close for convenience and schools, yet feels like you’re in the country while sitting on the back deck. Experience the feeling of luxury as you step into the warm and inviting great... 03/20/2009

  Is this a strange August or what?  Lots of rain so far this month and the grass is green, for now. Great news for the horse and farmers alike.  The drought last year caused the price of hay to go through the roof, if you could find some. But this year I know some property owners who can't give theirs away. This should help the local economy to keep some prices down. A barrel of oil closed yesterday at $118 and gasoline is at $3.65 in Shelbyville today.  The time for buying from the local farmers is here! We should all consider going to the local farmers market instead of the grocery giants.     08/07/2008

Is this a strange August or what?  Lots of rain so far this month and the grass is green, for now. Great news for the horse and farmers alike.  The drought last year caused the price of hay to go through the roof, if you could find some. But this year I know some property owners who can't give theirs away. This should help the local economy to keep some prices down. A barrel of oil closed yesterday at $118 and gasoline is at $3.65 in Shelbyville today.  The time for buying from the local farmers is here! We should all consider going to the local farmers market instead of the grocery giants.   08/07/2008

Thanks to the warmer weather the market is moving. Signs are going up and so are the buyer's interest.  Shelby county Ky has cheaper fuel prices than all other areas near Louisville, $3.19 a gallon. That sounds so ridiculous since it was a dollar chaeper last year. Where or where does the extra money go? Buying in Simpsonville is a benefit for fuel prices if you drive slower.  Not too many people are slowing down even with the high fuel prices, has anyone else noticed this?Adam BordersKW East 03/21/2008