Archive

Posts Tagged ‘foreclosure’

May 2010 Shelby County Foreclosure Analysis

June 17th, 2010 Comments off

Shelby County had 445 foreclosures in May 2010 up 12% from the prior year.

The average foreclosure amount was $41,506 (down 13% from May 2009) and the average foreclosure appraisal amount was $128,439 (down 1%).

Foreclosure Notices were down 14.3% from May 2009 with 976 filed for the month. Germantown East (38139) had the highest increase in notices from the prior year with 8 total for the month.

The Top Foreclosure inventory holders based on the total number of properties in inventory at the end of the month were: Fannie May (495), Housing and Urban Development (334) and Deutsche Bank (236).

The Top Zip Codes for Foreclosure inventory based on the total number of bank owned properities at the end of May were: Frayser-38127 (441), Westwood-38109 (417) and Raleigh-38128 (377).

The Top Residential Seller for May was Fannie Mae with 104 total sales averaging $66,706 and a total sales amount of $6.9 million.

Click here to review our free Residential Market Trend Reports.

Start following us on Twitter! www.twitter.com/chandlerreports

Read the lastest article on foreclosures from The Daily News here.

2nd Qtr “Master Your Market” Speakers Announced!

June 11th, 2010 Comments off

Please join us on Thursday, July 29th from 11:30AM-12:30PM at the Germantown Athletic Club Media Room to receive highlights on 2nd Quarter market trends for residential and commercial sales, mortgages, foreclosures and more!

Featured Guest Speakers

Joe Steffner, President, Grubb & Ellis/Memphis will provide an overview of the commercial real estate market in Shelby County.

H. McCall Wilson, Jr., President & CEO of The Bank of Fayette County will give insights on residential lending.

Each participant will receive a copy of our presentation, a boxed lunch and copies of our 2Q10 Market Trend Reports.

Click here to register today!

View our latest Market Trend Reports here.

Read the latest article on local real estate from The Daily News Online.

April 2010 Residential Foreclosure Analysis

May 14th, 2010 Comments off

There were 468 residential foreclosure in April across Shelby County, up 38% from April 2009.

The average foreclosure amount and average appraisal amount were both up as well to $36,712 and $128,656 respectively.

1,116 foreclosure notices were issued, down 1.9% from April 2009.

The Top Foreclosure Inventory Holders were Fannie Mae with 504 properties in inventory at the end of April, HUD with 345 properties and Deutsche Bank with 244 properties. These inventory holders were also the Top Residential Sellers for the month with a combined total of 199 properties sold valued at almost $10 million.

The leading zip codes for foreclosure inventory were Frayser (38127), Westwood (38109) and Raleigh (38128).

Click here to review our April Residential Market Conditions Reports!
   

Customer Satisfaction Survey

Please take a moment to complete our brief, online survey. Your feedback is valuable to our success!
 
Click here to take the 11 question survey!
 
Thank you for your time!

2009 Commercial Sales Recap

January 21st, 2010 Comments off

Shelby County recorded 589 commercial sales in 2009, down 31% from 2008.

Average commercial property sales prices are down 31% as well with a total average for the year of $648,000.

Commercial property foreclosures were up 14% for the year but commercial bank sales were down 6% from 2008.

(38118) Oakhaven/Parkway Village saw the most sales with a total of 46 properties valued at $31.7 million.

The largest commercial sale for the year was 40 S Main which sold for $20 million.

Forecasters believe that the commercial market has still not leveled off. Click here to read the latest article from The Daily News.

Be sure to register and attend our first Master Your Market luncheon series on Thursday, February 11th to learn more about the local commercial market, foreclosures, mortgages and more! This $20 luncheon will meet from 11:30AM-12:30PM at the Germantown Athletic Club’s Media Room. Attendees will receive a boxed lunch, a copy of our presentation and our year-end market trend reports.

Seats are limited so register today here or by contacting Wendy Greenlaw at 901-528-5273!

October 2009 Residential Foreclosure Analysis

November 12th, 2009 Comments off

There were 478 foreclosures in Shelby County for October 2009, down 3% from the same month last year.

ZIP Codes with the highest incidences of foreclosures were: 38127 (Frayser) with 43, 38118 (Oakhaven/Parkway Village) with 36, and 38128 (Raleigh) with 35.

Southeast Shelby County (38125) had the most foreclosure notices issued with a total of 91 but only realized 24 actual foreclosures.

Frayser continues to lead the area with the highest number of foreclosed properties in inventory with a total of 458 foreclosed properties valued at over $30 million.

Fannie Mae is the leading foreclosure inventory holder with 397 total properties valued at almost $40 million.

Click here to access the latest Residential Market Trend reports. Contact wendy@chandlerreports.com to purchase our Detailed Foreclosure Analysis reports for $50/month.

Click here to read more about the local real estate market from The Daily News.

3Q09 Residential Foreclosure Analysis

October 15th, 2009 Comments off

Overall, foreclosures in Shelby County have leveled off with 1,507 for the quarter down 1% from the same quarter last year. The average foreclosure amount was down 30% from 3Q08 at $41,520.

Frayser (38127) closed third quarter with the highest number of foreclosures in Shelby County at 136. The positive news is that their total number of foreclosures is down 5% from the same quarter last year. 

HUD (Housing of Urban Development) had the most foreclosure sales with 258 valued at $9+million and an average sales amount of $35,449.

Click here to read the latest article on foreclosures from The Daily News.

August Foreclosure Analysis

September 18th, 2009 Comments off

The total number of foreclosures in Shelby County were up 12% from the same month last year with the average foreclosure amount falling 17%.

Of the 1,015 foreclsoure notices issued for the month, August saw 539 foreclosures with an average value of $48,404.

ZIP Codes with the highest number of foreclosures include: 38127 (60), 38128 (37),  38125 (30) and 38112 (30).

The Top 5 Foreclosure Inventory Holders for August are Fannie Mae, HUD, Deutsche Bank, Tennessee Investment and US Bank.

Frayser (38127), Westwood (38109) and Raleigh (38128) have the most foreclosure inventory with a total of 1,245 properties valued at $78,200,900.