April New Housing Analysis
There were 92 total new home sales in April, with an average sale value of $212,354.
Cordova North (38016) had the most new home sales with 24 total averaging $124,420.
Builders filed 105 new home permits in April, the highest mark since 152 in August 2008. The April total was 156 percent better than 41 permits in April 2009 and 13 percent better than 93 in March.
The Top Builders by New Home Permits were Regency Homes (19), Charles Morgan (12) and Kevin Hyneman (11). Each of these builders also claimed the most new home sales, with 7 each.
Franklin Farms (38016) and Sutton Place East (38016) were the top subdivisions for new home permits with 10 each.
The Top Zip Codes for new home permits were Cordova North (38016) with 35, Arlington (38002) with 22 and Cordova South (38018) with 15.
Click here to review our April Market Trend Reports.
Register here for our third “Master Your Market” Event taking place Thursday, July 29th from 11:30AM-12:30PM. The cost is $20/person and includes a copy of our presentation, a boxed lunch and our 2Q10 Market Trend Reports.
Click here to read the latest artilce from The Daily News on the state of the new housing market.
