Posts Tagged ‘may 2009’

May Foreclosure Overview

June 11th, 2009 Comments off

Chandler Reports shows 422 residential  property foreclosures reported in Shelby County for May with 1,184 notices issued for the month.

ZIP codes with the highest number of foreclosures include: 38128 (37), 38125 (33), 38127 (35), 38141 (33).

As of June 1, the top 5 Foreclosure Holders in Shelby are: Housing and Community Development, Federal National Mortgage Association, Deutsche Bank, US Bank and Tennessee Investment. Housing and Community Development leads the pack with 387 residential properties.

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

Home Sales Prices Up in May

June 4th, 2009 Comments off

Chandler Reports has released May 2009 sales data for Shelby County showing a 2% increase in home sales prices from April and a stabilization in the total number of homes sold.

There were 1,233 home sales in May, only down 4% from April which reported 1,290 sales. The average sale price for May was $113,721 ($59.19/SqFt), up 2% from April $111,457 ($59.10/SqFt). Positive indicators show that the residential real estate market for Shelby County is stabilizing.

May Sales Recap  

  • May 2009 vs. May 2008: Sales down 6% from May 2008. Average sale price down 21% from May 2008.
  • 1,233 sales in May 2009 (1,313 May 2008) with an average price of $113,721 ($59.19/SqFt), ($143,789 May 2008, $73.70/SqFt)
  • May 2009 vs. April 2009: Sales down 4% from April 2009. Average sale price up 2% from April 2009.
  • 2009 vs. 2008 Year-to-Date: Sales down 19% from 2008. Average sale price down 16% from 2008.