Archive

Archive for January, 2010

2009 New Housing Inventory Update

January 28th, 2010 Comments off

New home sales accounted for 7% of all sales in 2009, down 27% from the prior year.

There were 1,083 total home sales, valued at $263 million with an average sales price of $243,392.

Arlington (38002), Cordova (38016) and Downtown (38103) had the most new home sales for the year.

Franklin Farms in Cordova had the most new home permits in 2009 with 41 total.

Click here to read the latest news on the new housing market from The Daily News Online.

Be sure to register and attend our first Master Your Market luncheon series on Thursday, February 11th to learn more about the local commercial market, foreclosures, mortgages and more! This $20 luncheon will meet from 11:30AM-12:30PM at the Germantown Athletic Club’s Media Room. Attendees will receive a boxed lunch, a copy of our presentation and our year-end market trend reports.

Seats are limited so register today here or by contacting Wendy Greenlaw at 901-528-5273!

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2009 Commercial Sales Recap

January 21st, 2010 Comments off

Shelby County recorded 589 commercial sales in 2009, down 31% from 2008.

Average commercial property sales prices are down 31% as well with a total average for the year of $648,000.

Commercial property foreclosures were up 14% for the year but commercial bank sales were down 6% from 2008.

(38118) Oakhaven/Parkway Village saw the most sales with a total of 46 properties valued at $31.7 million.

The largest commercial sale for the year was 40 S Main which sold for $20 million.

Forecasters believe that the commercial market has still not leveled off. Click here to read the latest article from The Daily News.

Be sure to register and attend our first Master Your Market luncheon series on Thursday, February 11th to learn more about the local commercial market, foreclosures, mortgages and more! This $20 luncheon will meet from 11:30AM-12:30PM at the Germantown Athletic Club’s Media Room. Attendees will receive a boxed lunch, a copy of our presentation and our year-end market trend reports.

Seats are limited so register today here or by contacting Wendy Greenlaw at 901-528-5273!

Master Your Market: New Quarterly Luncheon Series

January 14th, 2010 Comments off

Starting this year, Chandler Reports will be conducting quarterly luncheons on local real estate trends.

Our first event will be held on Thursday, February 11th from 11:30am-12:30pm in the Germantown Athletic Center’s Media Room.

This $20 luncheon includes:

  • Year End 2009 Market Overview for Shelby County including residential and commerical sales, foreclosures, mortgages and more!
  • A catered, boxed lunch.
  • A copy of our latest market trend reports.

Seats are limited so register today! Please contact Wendy Greenlaw at wendy@chandlerreports.com or call 901-528-5273.

Review Chandler Reports Year End 2009 Market Trend Reports here.

Click here to read the Year End 2009 Shelby County real estate article from The Daily News.

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2009: Year in Review

January 8th, 2010 Comments off

Shelby County saw 14,598 total home sales in 2009 down 11% from 2008.

December closed with 1,262 home sales up 9% from 2008! 64% of those sales were Non-Bank Sales.
 
Bank Sales for December were down 17% from the prior year and down 7% for all of 2009!
 
For the second month in a row, Existing Home Sales were up, 7% in December and home sales values had a whopping 20% increase with an average of $120,251!
 
New Home Sales were up 36% in December versus December 2008 showing the largest year over year increase for 2009!
 
Overall New Home Sales in Shelby County were down 27% for 2009.
Residential Foreclosures were down 11% from 2008.
Click here to review all of the latest Residential Market Conditions Reports for December and Year End 2009!
 
Join us Thursday, February 11th for a new lunch series titled “Master Your Market: A quarterly luncheon series on Shelby County Market Trends”. Email wendy@chandlerreports.com  for details.
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