Archive

Archive for December, 2011

Happy Holidays!

December 26th, 2011 Comments off

Happy Holidays from Chandler Reports! We hope that everyone is enjoying a holiday season filled with smiles, happiness, health and love!

It’s not too late to order your copy of our 2011 Annual Real Estate Market Trend Report!

This comprehensive report will contain each of our 2011 year-end market trend reports covering residential and commercial sales, detailed foreclosure analysis, new housing analysis and lender activity! 

In addition to providing our market trend reports we will also include several market trend graphs comparing current trends to prior years providing an in-depth view of local market activity!

You receive over 30 invaluable reports and graphs for only $100! If you order by 12/30/11 you receive a 15% discount!

The report will be released in January. Click here to see a partial listing of the reports that will be included in the annual report.

Click here to pre-order your report today!

November New Housing Analysis

December 16th, 2011 Comments off

Shelby County had 72 new home sales in November, up 18% from October and up 20% from November 2010!

New home sales averaged $208,864 down 17% from the same month last year.

77 new home permits were pulled for the month, up 75% from November 2010. The average permit amount was $212,630 and 2,893 square feet.

Regency Homes and Devere Construction pulled the most new home permits with 17 each. Regency Homes also closed the most new home sales with 17 total averaging $208,424.

Collierville (38017) had the most new home permits filed with 19 averaging $280,644 in subdivisions including: Wolf River Ranch, Rolling Meadow, Schilling Farms Spring Creek Ranch and Raintree.

Arlington (38002) had the most new home sales with 13 total averaging $251,396.

Gardens of Greys Creek in Cordova had the most new home sales with 5 total averaging 2,295 sqft and $152,805.

Click here to review all of our November Market Trend Reports.

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

November Home Sales Update

December 8th, 2011 Comments off
Home Sales Up 18%!
5th Consecutive Month with Year Over Year Improvement!  
  

Home sales in Shelby County totaled 1,025 in November, up 18% from November 2010!

This was the fifth consecutive month with year over year improvement. Every month since July has shown an increase in sales activity from the same month in 2010.

While total sales saw a large upswing, average home sales prices declined 10% from the prior year averaging $117,243 compared to $130,352 in November 2010.

Home sales valued over $500,000 were down 38% from the same month last year with 16 recorded compared to 26. There was only one sale valued over $1 million, down 75% from the 4 recorded in November 2010.

Bank sales were up 29% with 278 recorded which is to be expected from the foreclosure moratorium that hit in the Fall of last year. Overall Shelby County bank sales are down 18% year to date.

While foreclosures were up 35% from last year with 327 total for the month, the number of foreclosure sales remain at consistent levels for the past several months. Foreclosure notices issued in November were unchanged from November 2010.

The foreclosure moratorium which halted foreclosures in 4Q10 is expected to throw off foreclosure activity comparisons through the last quarter of this year.

New home sales were up 20% from November 2010 and up 18% from October with 72 recorded averaging $208,864. Year to date new home sales totals are down 25% from last year while average new home sales prices are just slightly down by 2%.

The largest home sale was a 9,000 sqft home that sold for $1.28 million in Central Gardens that closed on November 2nd.

Raleigh (38128) had the most home sales by zip code with 75 total and Collierville (38017) had the most sales revenue with $16 million. 

Click here to view our complimentary November 2011 Residential Market Trend reports.  

2011 Annual Real Estate Market Trend Report

December 1st, 2011 Comments off

Chandler Reports is excited to announce the release of their first annual market trend report for Shelby County!

This comprehensive report will contain each of our 2011 year-end market trend reports covering residential and commercial sales, detailed foreclosure analysis, new housing analysis and lender activity! 

In addition to providing our market trend reports we will also include several market trend graphs comparing current trends to prior years providing an in-depth view of current market activity!

You receive over 30 invaluable reports and graphs for only $100!

The report will be released in January. Click here to see a full listing of the reports that will be included in the annual report.

Click here to pre-order your report today!