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August 2010 Notable Sales

August 26th, 2010 Comments off

While we are patiently awaiting a close to the month and hoping for major improvements from July, here are some of the most notable sales we have seen so far this month.

4031 Galloway Drive S sold for $1.69 million on 8/13/2010. This property was foreclosed back in May by Community Bank for $1.7 million. Morris Family Real Estate LLC purchased the property.

6275 Shady Grove E sold on 8/9/2010 for $910,000, 3545 Shea Road sold for $950,000 on 8/18/2010 and 9778 Lipsey Cove sold for $765,000 on 8/11/2010. All of these transactions were non-bank sales.

Drivetime Car Sales Co LLC purchased 2177 Covington Pike on 8/13/2010 from First Tennessee Bank for $1.26 million. The 2-story car dealership was built in 1986 and sits at the southwest corner of Covington Pike and Elmore.

3417, 3435 and 3443 Spotswood Avenue all sold on 8/23/2010 for a total $680,000. University Highlands purchased the properties that were previously foreclosed by InSouth Bank and Sycamore Bank. Click here to read The Daily News Online’s coverage of the sale.

Be informed about notable real estate transactions by subscribing to The Daily News Online’s free email edition of the daily publication. You will be notified each business day about the latest in local real estate, business and legal news.

Know any great speakers that can discuss local/national real estate trends at our 3Q10 Master Your Market luncheon on November 11? Please contact me, wendy@chandlerreports.com.

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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.

New Housing Inventory Update

October 1st, 2009 Comments off

Chandler Reports has added Residential New Housing Inventory Analysis to it’s new Market Trends reports! These online reports are updated monthly and quarterly and provide a comprehensive view of the new housing market in Shelby County.

Subscribers can review New Home Sales by ZIP Code, New Housing Analysis by ZIP Code, the Top Builders, Top 25 Subdivisions with New Home Permits and Top 25 ZIP Codes for New Home Permits!

These reports are great for banks, lenders, government agencies, builders and anyone interested in tracking Shelby County’s new housing market.

For the month of August, Arlington (38002) claimed the most new home sales with a total of 13 sales and an average sale value of $272,995. Regency Homes was ranked the Top Builder based on the total number of new home permits filed. They filed 9 permits with an average permit value of $111,414. Bowden sold 6 new homes in August, making them the Top Builder for total number of new home sales with an average sales value of $143,633.

Click here  to view these new reports and additional reports including: Residential Market Conditions, Commercial Market Conditions and Detailed Forelcosure Analysis.