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Real estate transactions – Arkansas Democrat-Gazette

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Pulaski County real estate transactions of $150,000 or more; deeds recorded Jan. 27-Jan. 31:

Fletcher Realty, LLC to QuikTrip Corp., Pt NW 9-1S-13W, $8,500,000.

Buckhead Investments, LLC and The 2012 Fuqua Family Irrevocable Trust to McDonald’s Real Estate Company, Ls1-3 & 10-12 B115, Original City Of Little Rock, $2,440,000.

Starks Property Management, LLC to Mid-South Meredith Court, LLC, 1 Meredith Court, Little Rock, Ls3-4 & 10-12, Meredith Manor, $1,550,000.

Olin F. Wahrmund and The Wahrmund Living Trust to Westview Properties, LLC, Ls161 & 82-83, Meadowcliff; L30, Brookwood; L3 B5, Cherry And Cox; L76, Wakefield Village No.3; Tract 32, Gloeckler Acres; L19, Ouletta’s 1st; L99, Quail Creek; L255, Twin Lakes Section D; L231, Brookwood Section B Plat No.4; L3, Winston Section A; Lot R-10, Winston Section B Replat; L7, Town And Country Estates; L7, Traskwood; L198, Merrivale Section D; L4, Winter Wood; L16 B1, Deer Meadow; Ls16, 107 & 109, Rolling Pines, $952,500.

Ann B. A. Parks to Steve Bauman and Jill Reikes Bauman, L35R, Canal Pointe, $882,500.

Robert L. Cress and The Robert G. Cress Revocable Trust to Edwin K. and Sally D. Riggs, Pt S/2 Section 22-2N-13W, $734,480.

Hartness Construction Company, Inc. and The Billy Hartness Construction Company, Inc. to Dana Lauren and Aldo Rugerio, 202 Clervaux Drive, Little Rock, L26 B71, Chenal Valley, $459,000.

Anthony L. and Jacqueline B. Amadeo to Michael and Melanie Boyd, Pt N/2 SE 24-2N-14W, $418,400.

Schlereth Family, LLC to Quapaw Area Council Incorporated Of The Boy Scouts Of America, Ls3-4, Riverside Commercial Park, $365,320.

Anthony C. and Emily M. Johnson to Brian and Sarah Gray Vandiver, 114 Quapaw Trail, Maumelle, L31, Osage Falls, $350,000.

Menco Construction, LLC to Michael K. and Mary Theresa Wagaman, 1530 Creekview Drive, Sherwood, L7 B12, Creekside, $322,785.

LHI Holdings, LLC to NE Corner 4th & P, LLC, 1230 W. Fourth St., Little Rock, Ls4-6 B302, Original City Of Little Rock, $315,000.

Commissioner In Circuit to Arvest Bank, 128 Alsace Cove, Little Rock, L6 B7, Chenal Valley, $301,665.

Robert M. and Maria Ray to Jeremy and Meghan Bemis, 138 Beaver Creek Lane, Maumelle, L15 B25, Maumelle Valley Estates, $300,000.

Pardo Properties, LLC to Lydia Hunjan, 1911 N. Tyler St., Little Rock, L16 B2, Englewood, $286,500.

8801 DSR, LLC to 4716 Baseline, LLC, Tracts 29 & 32, Gloeckler Acres, $285,000.

Matthew Marshall and Leslie Michelle Powell to Magalene Ingram Hogan, 112 Englewood Road, Cammack Village, L161, Cammack Woods, $278,000.

Laura A. McCalla-Anderson and Joseph A. Anderson to Douglas Edward and Tauna Michelle Billups, 8801 E Woodruff Ave., Sherwood, L4 B6, Creekside, $276,000.

Jay Calhoun and Kimberly Cyr to Andrew Collin Shaddox and Lexus LeAnn Raney, 326 Ash St., Little Rock, L7 B1, Elmhurst, $275,000.

Matthew L. and Morgan L. Brunson to Peng Wang and Li Zhang, L260, Capitol Lakes Estates Phase I-B, $235,000.

John B. VanKleef to Christopher James and Elizabeth Cameron, 6716 Brentwood Road, Cammack Village, L3, Cammack Woods, $228,000.

Heritage Land & Timber, LLC to David and Amy White, 7510 Ark. 300, Little Rock, Pt NW SW 10-2N-14W, $220,000.

Bruce W. Phillips, Cindy Phillips and Logan W. Phillips to Steven and Carrie R. Hesseltine, 104 Bentley Circle, Little Rock, L120, Bentley Court Phase IV, $219,900.

Justin E. and Stephanie D. Pragel to Brian D. Kelton and Meredith J. Wright, 7300 Sequoyah Lane, North Little Rock, L5 B47, Indian Hills, $217,000.

Brian R. Tavernier to John W. Elrod, L7 B3, Elmhurst, $216,500.

Gregory and Elizabeth Whitmore to Ashley Lorraine and Cassia Renee Henry-Saorrono, 116 Chambord Drive, Maumelle, L78, The Country Club Of Arkansas, $210,000.

Faith Lynn Taggart Frey to Angela Michelle Bryan, 6408 Ridgecrest Drive, Little Rock, L59, Ridgecrest Manor, $209,900.

Christopher D. and Alyce M. Paegelow to Karl J. and Lindsay D. Heidler, 6401 Countryside Drive, North Little Rock, L7 B1, Countryside, $200,000.

Jonda L. and Eric J. Pieper Jr., to Ashley N. Greer, 502 E. Lee Ave., Sherwood, Pt NW SW 6-2N-11W, $200,000.

Perrone, LLC to Toria Lynn Caleb, 3808 John Harden Drive, Jacksonville, L6 B1, Jaxon Terrace, $192,000.

Kathy D. Kohl to Stanley Wakwe, 312 Barton St., Little Rock, Ls4-5 B10, Capitol View, $190,240.

Janet Broadway and The Estate Of Leon Yielding(dec’d) to Steven R. and Kimberly M. Bracy, 7809 N. Hills Blvd., North Little Rock, L1 B1, Windsor Valley, $190,000.

Bank Of New York Mellon Trust to Bank Of New York Mellon Trust, 6912 Flintrock Road, North Little Rock, L33A B20, Indian Hills, $189,000.

Sherry Lyn Pogue to Sabrina Lynn McMahon, 16 Houston Drive, Sherwood, L30 Tract 1, Little Big Horn Estates, $183,000.

Aaron and Ashley Fiant to Morgan M. Crain and Danny T. Riddle, 7309 Gable Drive, Little Rock, Ls9-10 B4, Sunset Heights, $182,500.

Family Homes By Design, Inc. to Anna Maria Batzos, 9200 Meadow Gardens Circle, Sherwood, L55, Millers Glen, $181,670.

Fannie Mae and The Federal National Mortgage Association to Patrick Dennis, 17 Woodstock Court, Little Rock, L47, Fawnwood, $180,600.

Kathryn Smith to Elizabeth and Gregory Whitmore, 85 Kingsbridge Way, Little Rock, Apt. 85, Kingsbridge Townhomes HPR 8, $180,000.

Progressive Construction Company, Inc. to Gina Harris, 3905 Foster St., Little Rock, L12 B3, West Heights Place, $179,900.

Tina Kay Williams to Gregory Alan and Tami Renee Crowe and The Crowe Family Trust, L19 B4, Sandpiper West, $174,000.

Jarryd Fleming to Meagan Stokley, 6 Westglen Cove, Little Rock, L8, West Glen, $173,500.

Debra K. Davies to Steven and Kathryn Kerr, L5 B2, Woodruff Creek, $172,500.

Christopher and Angela Merriott to Arthur and Lynnette Terry, L167, Marlowe Manor Phase II, $169,000.

Rausch Coleman Mid-Ark, LLC to Dasha Harris, 5741 Cypress Lane, North Little Rock, L810, Trammel Estates Phase VI-A, $168,900.

Carlos and Cynthia Vazquez to Manuel Miranda-Vazquez and Yanira Vazquez-Galvan, 10112 Sibley Hole Road, Mabelvale, Pt SE NW 3-1S-13W, $166,602.

John E. and Lois A. Evans to Richard Lynn and Mischelle Denise Paul, 1207 Coolhurst Ave., Sherwood, L8 B6, Queensbrook, $164,100.

Michael and Angela McGehee to Jody Eric Mullins and Emily Schroeder, 3807 Compton St., Little Rock, L11, Lydia A. Dice, $162,440.

Tracey Diane Schlech to Reginaldo Adrian Salas-Martinez and Katya A. Guardado, 8 Cobblestone Creek Court, Little Rock, L4, Green Diamond, $160,900.

Chenal Storage Center, LLC to Pride Valley, LLC, Pt SW NE 6-1N-13W, $160,000.

MidFirst Bank to MidFirst Bank, 1920 S. Summit St., Little Rock, Ls12-16 B6, Moore & Penzel, $159,933.

Randy A. Reed to David Robert and Peggy A. Price, 309 Indianhead Drive, Sherwood, L30, Indianhead Lake Estates Section A, $158,500.

Coney & Channell Custom Homes, Inc. to Keith and Laura Johnson, 2204 Nichols Road, Little Rock, L22 B3, Hick’s Interurban, $157,000.

Donna I. Morey to Gene G. Remley, 7800 Evergreen Drive, Little Rock, Ls1-2, Leawood Manor 1st, $156,000.

Gaylon L. and Rashenda L. Branch to LaToya Marks, 3 Westfield Circle, Little Rock, L149, Westfield Phase I, $155,900.

Haynie-McGee Investments, Inc. to Fred Golden, 1020 McCain Blvd., North Little Rock, L102 B202, Park Hill NLR, $155,500.

Jeremy and Elizabeth Spann to Rachel Suzanne Barker, 205 Kings Row Drive, Little Rock, L73, Queen Manor, $155,500.

US Bank, NA to R&S Gilson Properties, LLC, 12805 Faulkner Lake Road, North Little Rock, L8 B1, Stone Links, $155,000.

Diann R. Brumback to Chunhua Luo, 7504 Evergreen Drive, Little Rock, L27, Glenwood Heights, $155,000.

Nationstar Mortgage, LLC and Mr.Cooper to Nationstar Mortgage, LLC and Mr.Cooper, 512 E. Justice Road, Cabot, L5, Ben R. Rice Trust Unrecorded, $151,022.

SundayMonday Business on 03/01/2020

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Early signs point to a slight cooling of Grey-Bruce real estate market – Owen Sound Sun Times

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The head of the local real estate board says the Grey-Bruce market is showing signs of leveling off from the frenzied buying that had been taking place over the past couple of years.

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Steve Dickie, president of the Realtors Association of Grey Bruce Owen Sound, said Tuesday that local agents are starting to again see conditions put on sales, some price reductions on listed properties and even a decrease in the number of offers on homes.

“The conversation around offices is that it is not as frenzied as it was last year,” Dickie said. “There are still lots of situations where you have multiple offers, but if you are watching the board on a daily basis every once in a while you will see a price reduction, which we haven’t seen in a long time.”

And Dickie said they are again seeing conditions attached to sales, even the condition on the sale of a buyer’s property, something that was non-existent in 2021.

“There are still lots of offers that are straight cash offers, but we are starting to see some conditions in there,” Dickie said.

“We are even seeing the odd home inspection. That has been one of the side effects of this whole thing is that there have been a lot of home inspectors that have gone out of business because they just had no work.”

Dickie said it is hard to say what has caused the slight cooling of the market, but rising interest rates could be a factor. Last month the Bank of Canada raised rates half a per cent, and indicated future rate hikes could be possible to try to help tame surging inflation. An easing of pandemic fear and even the War in Ukraine could be having an impact on the housing market locally, Dickie said.

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“Any time there is a world event going on it makes people somewhat uncomfortable,” said Dickie. “It makes people a little less comfortable with the stability of things and you kind of see a bit of slowdown or a cooling I guess and then people say, I guess it is OK, the world is not coming to an end, and off they go and continue down the path.”

The number of homes sold through the MLS System in Grey-Bruce totaled 283 units in April, which was down more than 25 per cent from April 2021.

Over the first four months of 2022, home sales have totaled 937 units, which is a decrease of 13 per cent from the same period of 2021.

Dickie said it will take a bit of time to see if the slight cooling of the market is a trend.

“There is not enough to make a call yet, but if we see a few more months of this we can be more sure in our predictions,” he said.

Meanwhile, home prices have remained elevated in Grey-Bruce, with the average price of the homes sold in April coming in at just under $744,500, which is up 19.4 per cent from April 2021.

The average price of homes sold in Grey-Bruce in March was $759,427, while year-to-date in 2022 the average sale price has been just under $755,000, an increase of 22 per cent from the first four months of 2021.

“Prices are still high for sure,” said Dickie. “Normally in these situations when we start to see a slowdown we will see it in the very expensive properties first. We are just going to be monitoring that as the next couple of months go on.”

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Dickie said larger centres like Toronto experience much more dramatic moves in the housing market than an area like Grey-Bruce.

In Toronto, the average price of homes declined 6.4 per cent in April from the month before on a seasonally adjusted basis. It was the biggest monthly drop in that market in two years. Toronto home sale totals also declined 26 per cent from the month before.

Typically in Grey-Bruce, Dickie said they see prices level off for a while before they start to go up again.

“I am trying to tell people locally to stay calm,” Dickie said. “Nothing is going to crash.”

RAGBOS, which represents approximately 450 realtors, also provides MLS Home Price Index benchmark prices, which it says tracks prices far more accurately than is possible using average or median price measures. The benchmark price is based on the value home buyers assign to various housing attributes, according to the Canadian Real Estate Association.

The overall MLS HPI composite benchmark price for Grey-Bruce was $619,800 in April, which was an increase of 25.8 per cent from April 2021. For single-family homes the benchmark price was $623,500, up 25.7 per cent from a year ago, for townhouses and row units it was $506,300, up 26.5 per cent, and for apartments it was $382,000, up 40.7 per cent from April 2021.

Meanwhile, Dickie said agents are starting to see more listings coming onto the market, which is welcome as the region had been experiencing an extended period of record-low supply.

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While the 447 new residential listings in April was down 4.3 per cent from a strong April 2021, they were close to 14 per cent above the five-year average.

At the end of April, the number of active residential listings totaled 461 units, which was up more than 10 per cent from the end of April 2021, but still 28.7 per cent below the five-year average.

The months of inventory numbered 1.6 months at the end of April, which was up from the 1.1 months recorded at the end of April 2021, but still below the long-run average for the time of year of 4.7 months.

“Even this morning I was talking to several agents and they were talking about how they had more and more listings coming up, and there are more and more listings on the real estate board on a daily basis than we had seen earlier in the year,” Dickie said. “That is positive that people are getting their houses listed, which helps the whole situation out.”

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Canmore real estate developments back on after tribunal ruling | CTV News – CTV News Calgary

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A contentious proposed real estate development in Canmore got new life Tuesday.

One year ago, Canmore town council rejected the Smith Creek development and decided the Three Sisters Village proposal needed significant changes.

Three Sisters Mountain Village Properties Ltd., the project developer, appealed the decision to a municipal tribunal, and Tuesday the town was ordered to allow the projects to proceed.

Conservation groups fought the proposal, saying it didn’t provide enough space for wildlife to travel through the valley.

“Unless overturned, this decision will cause harm to the lands, and wildlife movement and habitat of an important part of the Yellowstone to Yukon region,” said a statement issued by Yellowstone to Yukon Conservation Initiative on Twitter. “Keeping these lands connected and intact is in the best interest of Albertans now and into the future. Connectivity provides the best chance for some of our most cherished and threatened wildlife to thrive.”

There was no word from the Town of Canmore on whether it will appeal the decision.

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Greater Toronto Area real estate approaching ‘buyer’s market’: BMO – Global News

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In the midst of the COVID-19 pandemic, Canadians hoping to buy homes have had to brave a sizzling seller’s market where waiving inspections, blind bidding, and dozens of competing offers are the norm.

Now, BMO’s chief economist says what many potential house-hunters are hoping for — a balanced or, better yet, buyer’s market — may finally be arriving.

Read more:

Canada needs new homes built, but construction industry headed for retirement wall

In a new data snapshot issued by the bank on Tuesday morning, Doug Porter said there’s been a “quick fall” in the sales-to-new-listing ratio which is a key part of assessing who holds more power in the Canadian real estate market.

That ratio dropped from 76 per cent to 66 per cent last month, a level not seen since June 2020.

The Canadian Real Estate Association (CREA) said Monday that level is “right on the border between what would constitute a seller’s and a balanced market.”

As a result, CREA noted home prices have just seen their first monthly decline in two years.

When it comes to the Greater Toronto Area (GTA) specifically, Porter raised the possibility of a buyer’s market.

“The GTA sales-listing ratio plunged to just 45 per cent in April, which is suddenly getting into buyers market terrain,” Porter wrote in the BMO snapshot data assessment.

In contrast, he said that number has been around 70 per cent over the past year, making for a “firmly seller’s market.”

“And what the ratio is now telling us is that prices are about to go from 20%+ gains to a sudden stall. And that’s assuming the sales/listings ratio doesn’t fall further in the coming months.”

Read more:

Bidding war no more: How to make an offer in Canada’s cooling housing market

The decision by the Bank of Canada to keep interest rates at rock-bottom levels during the pandemic has been attributed as one significant factor fuelling Canada’s surging home prices over recent years.

But the shift in market sentiment comes as the central bank is in the midst of a series of rate hikes taking aim at rampant inflation, which has hit 30-year highs as a result of reopening economies, supply chain problems and Russia’s invasion of Ukraine.

A lack of housing supply has also prompted growing political pressure on governments of all levels to increase construction — a challenge, given a wave of retirements poised to hit the construction sector.

Right now, though, BMO economist Shelly Kaushik said in a separate data snapshot on Tuesday that new home construction is increasing, with the industry “firing on all cylinders.”

Whether and for how long that will continue remains to be seen.

© 2022 Global News, a division of Corus Entertainment Inc.

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