Home > Uncategorized > August New Housing Analysis

August New Housing Analysis

September 15th, 2011

Shelby County had 75 new home sales in August up 21% from July but down 6% from the prior year. New home sales accounted for 6% of all sales for the month.

The average sales price for a new home was $206,155, down from July 2011 and August of last year.

Arlington (38002) had the most new home sales with 16 total averaging $255,581 per home and the most new home permits with 18 total averaging $188,969. Gerland Creek in Arlington had the most new home sales with 6 total averaging $137,668.

Cordova’s 38016 and 38018 and Southeast Shelby County 38125 rounded out the list of most new home sales by zip code with 10-11 new home sales each.

Regency Homes had the highest volume of new home sales with 15 total averaging $195,751 and 2,787 sq ft. Regency also filed the most permits for the month, 21 total averaging $214,655 and 3,067 sq ft.

The top subdivisions for new home permits were Wolf River Ranch in Collierville, Grays Creek in Cordova and Evergreen Hills in Arlington. Each subdivision had 5 new home sales with Wolf River Ranch’s averaging the most at $339,800.

Read the latest article from The Daily News about August building permit activity by clicking here.

Click here to review our complimentary Shelby County Residential Market Trend Reports.

Comments are closed.