Shelby County April New Housing Report
There were 56 total new home sales recorded in April down 45% from the prior year. The average sales price was down 4% from April 2010 to $215,570.
Cordova-North (38016) had the most new home sales with 15 total averaging $145,181 followed by Arlington (38002) with 13 sales and Germantown East (38139) with 10 new home sales. New home sales prices in Collierville (38017) averaged $487,063 with 4 new home sales closed for the month.
Gerland Creek in Southeast Shelby County (38125) had the most new home sales with 5 total and an average sales price of $133,897. It was also among the top subdivisions for new home permits in addition to St. Andrews Place in Cordova-North (38016). They both had 5 new home permits filed in April.
Regency Homes had the most new home sales for the month with 10 total averaging $181,206 followed by Vintage Homes with 7 sales averaging $134,841. Both companies also topped the lists of the most new home permits filed in April with 14 and 11 respectively.
Cordova-North (38016) saw the most new home permits with 15 total averaging 2,143 sqft and $149,423.
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