Archive

Archive for December, 2010

November New Housing Report

December 16th, 2010 Comments off

November home sales were down 39% from the prior year with 57 reported for the month and an average sales price of $235,083, up 3% from November 2009.

Year-to-date, new home sales are down 7% from the same time in 2009.

The Top Builder by new home permits was Charles Morgan of Vintage Homes. He pulled 6 permits with an average permit amount of $173,791.

Schilling Farms in 38017 and Maple Grove in 38002 were the leading subdivisions for new home permits. They both had 3 permits filed. Average permit amount in Schilling Farms was $244,790. Average permit amount for Maple Grove was $184,851.

The top zip code for new home permits filed was 38016-Cordova North with 9 total averaging $159,888.

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November Foreclosure Analysis

December 10th, 2010 Comments off

Foreclosures in Shelby County were down 36% in November compared to the prior year with only 265  recorded for the month.

The average foreclosure amount was up 36% to $84,948 and the average appraisal amount at the time the property foreclosed was up 24% to $129,965.

Foreclosure notices were down 23% from November 2009 with 742 filed.

Fannie Mae remains the leader in foreclosure inventory with 525 properties at the end of November valued at  $67 million. In addition to leading with inventory, Fannie Mae was also the top seller with 78 sales recorded valued at $4.9 million.

Frayser had the most foreclosed properties in their inventory at the end of the month with 294 total, valued at $20.4 million.

Click here  to review all of our Market Trends reports for Shelby, Fayette, Tipton, Davidson, Williamson and Wilson Counties.

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Join us Tuesday, December 14th from 3:00pm-4:00pm at MAAR’s Education Center for an online demonstration of our latest features including how to prepare a professional comprehensive market analysis report. We will also cover our latest market trend reports for Shelby, Fayette and Tipton Counties!

November Home Sales Report

December 2nd, 2010 Comments off

The month of November closed with 876 sales, down 24% from the prior year and down 13% from October.

 

Average home sales were up 4% from November 2009 to $129,266! 

 

Year-to-date, sales are down 7% from the same time in 2009 and average sales prices are up 1%.

 

Bank sales were down 35% from the prior year with only 221 recorded for the month. Year-to-date, bank sales are down 17% from the same time last year!

 

New home sales were down 39% from November 2009 with 57 recorded for the month. On a positive note, new home sales were up 10% from October. Average new home sales prices for November were $235,083 up 3% from the prior year!

 

Continuing to see the effects of September’s foreclosure moratorium, foreclosures in November were down by 36% with only 265 recorded. Unfortunately, the average foreclosure amount was up 36% from the prior year to $129,965.

 

Foreclosure notices were down 23% from November 2009 with 742 recorded for the month and were up 7% from October. 

 

Join us Tuesday, December 14th from 3:00pm-4:00pm at MAAR’s Education Center for an online demonstration of our latest features including how to prepare a professional comprehensive market analysis report. We will also cover our latest market trend reports for Shelby, Fayette and Tipton Counties!

 

Register today! Refreshments will be served.

 

Review all of our Shelby County Market Trend reports here.

 

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