The Times Journal & Russell County News
Wednesday, Apr. 16, 2014 — RUSSELL SPRINGS & JAMESTOWN, KENTUCKY —
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Firm adds auction and property development to their focus
In Feb. 6 Issue
Russell County News

It could be said that Lake Cumberland Real Estate & Auction grew out of their old home at Midtown, as broker David Davenport was joined by Darrell Loy and Billy Dykes and a lot more staff before they moved their office to the former USDA building on the northern edge of Jamestown.

Lake Cumberland Real Estate began serving the Russell County area fifteen years ago and during that time has expanded into one of the leading firms in the area, Davenport said. The most recent expansion has been the addition of leadership in the real estate development business and auction business, with Loy and Dykes, he explained.

Loy and Dykes along with David Davenport as Principal Broker not only expanded the company to include auctions but also purchased and renovated a new office location. 1640 N. main St. in Jamestown, the company reported in a prepared brief.

“Dykes and Loy bring a wealth of experience in the real estate business with an emphasis being placed on auctions, Davenport said. "Dykes is a licensed real estate agent and a licensed auctioneer and he'd been working with Ralph Roy Realty for several years, where in 2008 he was the number one sales agent."

Davenport added that he has over 20 years experience in the real estate business, and had served as a partner at Lake Cumberland Properties before establishing Lake Cumberland Real Estate where he has been principal broker for the past 15 years.

He went on to say that Loy is well known in the area in the real estate business and in the cattle business. Loy is a licensed real estate agent with a broad experience in real estate development, both commercial and residential. Loy and his family are known statewide for their involvement in the cattle business and own and operate three livestock facilities, the Russell County Stockyards, Farmers Livestock in Glasgow and the Stockyard facilities in Somerset.

Dykes serves in the capacity of Principal Auctioneer, Loy as Sales Manager, and Davenport as Broker in the firm. They reported they have put together an auction team which is  very profession and efficient. Recent auctions have been very successful in all areas including commercial, residential and development property.

Dykes said, "It looks like there is a lot more interest from both sellers and buyers in real estate auctions. We are seeing a lot of interest in auctions.

"We have already booked several auctions and are talking with several others," Dykes added.

Loy said, "We want to be known as the firm that cares about the people we serve. We will go the extra measure to make sure we get the top dollar we can for our clients and we will do it in a professional manner."

Davenport stated, that the real estate sales section of the firm continues to grow and now has eleven agents including Ronald Smith, an associate broker with years of experience in real estate sales and with auctions. Other agents include Julie Coe, Marybeth Purvis, Sherri West, Sue Kutey, John Meincken, Boyd Burton and others that are presently in training.  

Dykes added that they were very pleased to have the expertise of Wally Sullivan as Auctioneer as well as Jesse Green and Troy Coffey serving as apprentice auctioneers.

"If anyone is thinking about an auction, call us and let us come and discuss it with you and let us give you our ideas," Dykes said. "There is absolutely no charge for us to come to us, view your property and discuss with you the  best way to plan and hold your auctions."

He stressed that they have put together a team of experienced local people who care about the community and are willing to go that extra mile to make sure that their customers are able to enthusiastically recommend them to their friends and family.

Lake Cumberland Real Estate & Auctions provides one great advantage to their real estate clients. The firm is associated with the  very popular website, That website receives millions of  hits each months from visitors from all over the country. The real estate section is a big part of the website and provides real estate buyers with information and real estate listings of Russell and the Lake Cumberland area.

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The Times Journal is a weekly newspaper issued on Thursdays. It was first published on October 13, 1949, by Andrew J. and Terry Norfleet.
P.O. Box 190
120 Wilson St.
Russell Springs KY 42642
Phone: 270-866-3191
Fax: 270-866-3198
Russell County News is a weekly newspaper issued on Saturdays, and is mailed free to every address in Russell County, Ky. It was first published on February 1, 1913.
404 Monument Square
Jamestown KY 42629
Phone: 270-343-5700
David Davenport
Managing Editor:
Greg Wells
News & Sports Editor:
Derek Aaron
Advertising Manager:
Stephanie Smith
Business Manager:
Kim Haydon
Production Manager:
Renee Daffron
Jamestown Office:
Kim Graham
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FISCAL COURT: 2nd Monday of month, 6 p.m. in the Courthouse
RUSSELL SPRINGS CITY: 2nd Thursday of month, 6 p.m. in the City Hall Municipal Room
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