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February 2011 New Housing Analysis

March 17th, 2011

There were 51 new home sales recorded for the month, up 10% from January, and an average sales price of $198,760.

Southeast Shelby County (38125) claimed the most new home sales with 13 total and an average sales price of $149,400. Their Gerland Creek subdivision had the most sales with 5 total.

Regency Homes filed the most new home permits for the month with 17 total and an average permit amount of $196,269. They also ranked highest for new home sales with 7 averaging $177,945.

Trinity Park in 38118 had 10 permits filed averaging $90,823 the most recorded for the month followed by Elpine Gray, Cambridge Manor and Maple Grove all in Arlington. Arlington had the most new home sales with 25 total averaging $194,067.

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