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Fayette & Tipton County 3Q10 & October Results

November 19th, 2010

Fayette County reported 102 sales for the third quarter, down 24% from the prior year. Their average sales amount was down 7% to $192,590 from $207,194 3Q09. Oakland (38060) had the most home sales with 49 recorded and an average sales price of $162,591, down 33% from the prior year.

October sales in Fayette County were down 36% with 29 recorded for the month with an average sales price of $162,411. Oakland and Somerville claimed the most sales with 22 recorded in both towns. Fayette County had 22 building permits filed in October.

Tipton County had 152 home sales for the quarter, down 21% from 3Q09 and an average sales price of $126,716. Atoka (38004) had the most home sales with 35 total averaging $171,570, down 43% from the prior year.

October home sales for Tipton County were down 45% with 41 recorded and an average sales price of $119,986. Covington (38019) had the most home sales with 14 total averaging $109,279 per sale. The county filed 21 permits for the month.

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