Posts Tagged ‘foreclosure’

Memphis & Shelby County November Foreclosure Analysis

December 10th, 2013 Comments off

Residential foreclosures were down 18% in November with 225 recorded compared to 274 recorded last year.  

The average amount of a foreclosed property was $82,829 and the average tax appraisal value was $112,519, both down from November 2012.  

Year-to-date foreclosures are down 14% from the same period last year. The decline in foreclosure activity has impacted bank sales which are down 21% YTD compared to the same period in 2012.

November foreclosure activity was down for every municipality except for Bartlett which had a slight increase. Foreclosures in the city of Memphis were down 23% from last November.  

Foreclosure notices were down 25% for the month with 437 recorded compared to 575 recorded in November 2012.  

Westwood (38109) had the most properties in foreclosure inventory at the end of the month with 227 homes valued at $11.2 million.  

Southeast Shelby County (38125) had the most foreclosure inventory revenue with $21 million followed closely by Cordova North (38016) with $20 million. 

Fannie Mae owned the most foreclosed properties with 350 total valued at $42 million.  

Click here to download our Detailed Foreclosure Analysis reports.

Residential Foreclosure Analysis - Shelby County

“Master Your Market” Presentations Available Online

September 16th, 2013 Comments off

If you missed our latest “Master Your Market” event on June 25th you can still receive all of the valuable information covered in our mid-year market trends seminar. Download our latest presentation with extensive trends and analysis for all of Memphis and Shelby County going back to 2003! Highlights are noted for residential and commercial sales activity, foreclosures, new housing, mortgages and more!

Master Your Market Presentations

Click here to read about the event on The Daily News Online.

Memphis & Shelby County August Home Sales Update

September 9th, 2013 Comments off

Home Sales

1,710 home sales were recorded in August, up 15% from 1,483 in August 2012.

Average home sales prices were up 12% to $139,223 from $124,726 last year.

Year-to-date home sales and average sales prices are both up 11% from the same time last year.

Bank sales accounted for 16% of total home sales for the month and were down 31% from last August with 275 recorded. Year-to-date bank sales are down 20% from the same period last year.

24 out of 33 zip codes in the county had an increase in overall sales activity in August and 27 zip codes had an increase in average sales prices.

51% of all home sales for the month were valued under $100,000.

Home sales over $1 million were up 300% from last year with 3 recorded compared to 0 recorded in August 2012.

Click here to download our Residential Market Conditions reports.

You may review our complete Pulse Report covering all residential and commercial sales activity, foreclosure analysis and mortgage trends here:

Click here to subscribe to our FREE monthly Pulse Report covering Memphis & Shelby County real estate trends.


Chandler Reports Opens Online Store

May 20th, 2013 Comments off

We receive a lot of requests for reports on new housing, foreclosures, lending and residential and commercial sales activity which is why we have launched a new online store that provides you immediate access to pertinent real estate data for Memphis and Shelby County.

Chandler Reports Online Store is your resource for historical and current market trends and the most comprehensive housing reports available including:

Reports are also available for West and Middle TN! Please check back often as we are continually updating our store and offering new and exclusive reports that no other data source can provide.

Download the data that you need, when you need it! You are just a click away from the most trusted real estate data available!

April Real Estate Update

May 13th, 2013 Comments off

Home Sales

April was a great month for local real estate! Home sales were up 20% from last year with 1,337 sales recorded compared to 1,113 recorded in April 2012.

Average home sales prices were up 7% to $128,797 from $120,376 last year.

Bank sales accounted for 25% of total home sales and were down 1% from last April with 333 recorded.

Year-to-date home sales and average sales prices are both up 10% from the same time last year.

25 out of 33 zip codes in the county had an increase in overall sales activity and 25 of 33 zip codes had an increase in average sales prices.

54% of all home sales in April were valued under $100,000 with 728 total, up 14% from 636 in April 2012.

Home sales over $500,000 were up 71% with 24 filed for the month compared to 14 last year.

Click here to review our April Residential Market Conditions reports.

Commercial Sales

Commercial sales were up 6% at the end of the first quarter with 196 recorded compared to 185 during the first quarter of 2012.

Average sales prices were up 28% to $1.3 million compared to $1.0 million last year.

Automotive, Entertainment, Industrial, Office and Retail properties all had increases in sales activity. Multi-Family, Churches and Schools and Land/Agricultural sales were all down from the prior year.

The average prices for Industrial and Office properties were up 145% and 143% respectively.

Vacant Land Over 1 Acre (33), Warehouses (29) and Office Buildings (18) had the most sales by property type.

The largest commercial transaction recorded in the first quarter was the sale of the Villas at Grays Creek and the sale of the Carrington at Houston Levee in Cordova. The apartment complexes sold for a combined $44.8. Click here to read the details of the transaction.

Click here to review our Q1 2013 Commercial Market Conditions reports.

Residential Foreclosure Analysis

Residential foreclosures were down 4% in April with 371 recorded compared to 387 last year.

The average amount of a foreclosed home was $86,153 and the average tax appraisal value was $115,660, both down 2-3% from April 2012.

Foreclosure activity was down in virtually every municipality. Memphis had a slight increase of 3% and claimed the most foreclosures with 292 total.

Foreclosure notices were down 13% for the month with 601 recorded compared to 692 last April.

Westwood (38109) had the most foreclosure inventory at the end of the month with 238 homes valued at $14.6 million. Frayser (38127) was a close second with 229 homes in foreclosure inventory totaling $12.3 million.

Fannie Mae owned the most homes in foreclosure inventory with 410 valued at $51.9 million.

Click here to review our Detailed Foreclosure Analysis reports.

New Housing & Builder Activity

New home sales were up 5% in April with 69 sales recorded compared to 66 last year.

The average sales price of a new home was up 11% to $280,585.

Year-to-date new home sales are up 15% and average new home sales prices are up 10%.

Collierville (18), Arlington (10) and Southeast Shelby County (9) recorded the most new home sales for the month.

123 new home permits were filed in the first quarter of the year down 39% from Q1 2012. Arlington had the most new home permits filed for Q1 with 50 total averaging $246,667.

Regency Homebuilders was the top builder for the first quarter with 54 new home starts and 43 new home sales averaging $219,510.

Click here to review our New Housing Inventory & Analysis reports.

Mortgage Trends & Lending Analysis

667 residential loans were filed at the time of sale, up 10% from last April.

The average mortgage amount was up 10%from last year to $159,275 with an average sales price of $183,354 making the average loan to value ratio 87%.

Collierville had the most loans at time of sale with 68 total averaging $272,973.

386 loans filed were conventional fixed rate, 176 were FHA fixed rate, 31 were VA fixed rate and 12 were short term loans, loans due within one year.

The top lenders based on the total number of residential loans filed at time of sale were Community Mortgage with 60 loans followed by Magna Bank with 47 loans and Wells Fargo with 37 loans.

Click here to review our Residential & Commercial Lender Analysis reports

Announcing our New “Pulse Report”!

September 7th, 2012 Comments off

Pulse Report Header-Large

We are excited to announce the premiere of our new “Pulse Report”, hitting Inboxes Monday, September 10th!

This complimentary report provides a snapshot of local real estate activity keeping you informed of trends across Memphis and Shelby County.

Derived from our Market Trends reports, this monthly report provides you an update on residential and commercial sales activity, foreclosure trends, new housing analysis and mortgage and lending trends.

You can subscribe to this free report on our homepage,

2011 Annual Real Estate Market Trend Report

December 1st, 2011 Comments off

Chandler Reports is excited to announce the release of their first annual market trend report for Shelby County!

This comprehensive report will contain each of our 2011 year-end market trend reports covering residential and commercial sales, detailed foreclosure analysis, new housing analysis and lender activity! 

In addition to providing our market trend reports we will also include several market trend graphs comparing current trends to prior years providing an in-depth view of current market activity!

You receive over 30 invaluable reports and graphs for only $100!

The report will be released in January. Click here to see a full listing of the reports that will be included in the annual report.

Click here to pre-order your report today!

New Features and Tools Available!

April 22nd, 2011 Comments off
Chandler Reports is excited to announce many new changes to our Shelby County residential service!
These new tools provide you easier access to our most commonly used reports in addition to new features and reports that provide you the ability to customize comparables the way that you want to view them!
On the upper left-hand side of our Detailed Property Profile report we have provided menus with simplified access to our automatic and compressed comparable reports, GIS map, tax map, MapQuest map, Assessor Information, Foreclosure Effect Report, Market Trend Reports and a snapshot of public records available for the property from The Daily News Online. If you are a Daily News Online subscriber, you can click the “Learn More” link to view the public records. If you are not a subscriber and would like information on The Daily News Online, please contact us.
At the bottom of the Detailed Property Profile report, under the Assessor and Property Tax information you will see links that direct you to the City and/or County tax collection sites. This allows you to automatically research tax payments for properties.
The following “Report Tools” are now available on the left-hand side of our Compressed and Detailed Comparable reports.
  • Remove Bank Sales: With a click of this button, bank sales are removed from the comparable report and the minimum, maximum and average prices at the bottom of the report are updated.  
  • Show Bank Sales Only: This allows you to view only the comparable banks sales with updated min/max/avg prices. 
  • Search by Radius: Enter your desired radius in the “Radius Miles” box and then click the “Search by Radius” button to see all comparable sales within the radius you’ve entered.
Under the “Additional Reports” heading you now have the ability to see all foreclosure activity surrounding the subject property. When you click the “View Area Foreclosures” button a new window opens displaying all recorded foreclosures located near your subject property over the past year. In the remarks section you can review the amount of the foreclosure labeled as F:######.  
You can now “Filter Sales” on our comparable reports to view sales for a specific timeframe including the last 6 months, the last 12 months or the last 18 months. By clicking the button of your choice, you have the ability to only see sales for that timeframe with updated min/max/avgs at the bottom of the report.  
Please note: These new features work individually and do not allow you the ability to use multiple options to narrow down the search results. For example, if you opt to remove bank sales from your report you will not have the option to then filter the non-bank sales for the last 6 months.
You can now easily view our Market Trend reports for Shelby, Fayette, and Tipton Counties under the “Market Trends” menu.
We value your feedback! Please tell us what you think about these new features! Click here to complete our brief survey! 
As always, we are here to support you! Please contact us 901-458-6419 or if you have any questions!
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July Home Sales Results

August 5th, 2010 Comments off

After astounding results in the second quarter of the year, July fell flat with only 1,161 home sales, down 21% from July 2009 and down 26% from the prior month.   

Average sales prices were only down slightly by 1% from the prior year to $130,782 and were down 2% from June. 

On a postive note, Bank Sales were down 33% from July 2009 and down 23% from June with only 359 recorded for the month.
New Homes Sales were up 11% with 98 closed in July compared to 88 closed in July 2009.
Foreclosures were down for the month with only 437 recorded, an 18% decrease from July 2009.
There was a decrease in foreclosure notices as well, down 30% from the prior year.
While many will see the dip in July’s home sales as a negative indicator that perhaps the market hasn’t quite turned around, total sales revenues are still up 3% for the first 7 months of this year from 2009. Year-to-date sales sit at just over $1 billion compared to the same time last year when we were at $996 million.
Click here to review our July Residential Market Trend Reports!
Stay on top of local and national real estate news and economic trends with The Daily News Online. Read their latest article here.
Follow us on Twitter and review daily updates on the real estate market!

2Q10 Foreclosure Analysis

July 30th, 2010 Comments off

Foreclosures were up 3% from 2Q09. Foreclosure notices were down almost 15% for the quarter.

(38120) River Oaks in East Memphis had the highest increase in foreclosures, up 275% from 2Q09 with 15 total, an average foreclosure amount of $465,365 and an average appraisal amount of $637,233.

The average foreclosure appraisal amount has risen every year since 2003, currently up to $125,119 in 2Q10.

(38125) Southeast Shelby County received the most foreclosure notices with 233 total, but overall their notices were down 26.3% from 2Q 2009.

Frayser is the leading inventory holder with 431 properties at the end of the quarter valued at $27.9 mil.

(38018) Cordova South leads the county in foreclosure inventory value with $55 million followed by (38125) Southeast Shelby County with $51.1 million.

Fannie Mae is the leading inventory holder with 502 total properties in inventory at the end of the quarter valued at $56.4 million.

Review our Market Trend Reports here!

Click here to read the latest article from The Daily News on the local housing market.