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November New Housing Report

December 16th, 2010

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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