November New Housing Analysis
Shelby County had 72 new home sales in November, up 18% from October and up 20% from November 2010!
New home sales averaged $208,864 down 17% from the same month last year.
77 new home permits were pulled for the month, up 75% from November 2010. The average permit amount was $212,630 and 2,893 square feet.
Regency Homes and Devere Construction pulled the most new home permits with 17 each. Regency Homes also closed the most new home sales with 17 total averaging $208,424.
Collierville (38017) had the most new home permits filed with 19 averaging $280,644 in subdivisions including: Wolf River Ranch, Rolling Meadow, Schilling Farms Spring Creek Ranch and Raintree.
Arlington (38002) had the most new home sales with 13 total averaging $251,396.
Gardens of Greys Creek in Cordova had the most new home sales with 5 total averaging 2,295 sqft and $152,805.
Click here to review all of our November Market Trend Reports.
Click here to read the latest on new housing from The Daily News.