The total number of foreclosures in Shelby County were up 12% from the same month last year with the average foreclosure amount falling 17%.
Of the 1,015 foreclsoure notices issued for the month, August saw 539 foreclosures with an average value of $48,404.
ZIP Codes with the highest number of foreclosures include: 38127 (60), 38128 (37), 38125 (30) and 38112 (30).
The Top 5 Foreclosure Inventory Holders for August are Fannie Mae, HUD, Deutsche Bank, Tennessee Investment and US Bank.
Frayser (38127), Westwood (38109) and Raleigh (38128) have the most foreclosure inventory with a total of 1,245 properties valued at $78,200,900.
Chandler Reports has closed out August home sales and the average sales price is up 2% from August 2008!
There were 1,293 home sales recorded in August, down 11% from last year. 95 were new home sales, down 31% from August 2008.
Bank Sales are down 9% over August 2008, with only 478 recorded for the month and the Average Sales Price on Bank Sales is up 7%!
Areas with the most home sales include: 38016-Cordova North (81), 38017-Collierville (83) and 38018-Cordova South (86).
Click here to read the latest article on the local real estate market from The Daily News.
Chandler Reports is now offering mobile account access for Shelby County Residential and Commercial online services! You can now access the most accurate, up-to-date real estate data from ANY computer, ANYWHERE!
Contact us today to find out how you can register for your mobile account, discuss our new pricing structure, and have your photo and contact information added to each report you provide to your customers!
Corporate Agents now receive discounts for mobile account access! Contact us to learn more!
Be sure to check out our new features including:
*Market Conditions Tool (Form 1004MC)
*Hand Selected, Mapped Comps Tool
*Foreclosure Effect Report
*Market Trend Reports (Click here to view)
Call us today at 901-528-5273 to request mobile account access, discuss pricing or to register for an upcoming training seminar!